Greek talks stalled after Sunday night’s deadlock in Brussels with the Radical Left Coalition (SYRIZA) government calling on the European leadership to take initiative to bridge the gap between Greece and its international creditors from the European Commission, European Central Bank and International Monetary Fund.  The government is willing to return to the negotiation table as long as specific “red lines” are adhered to.

The general view within SYRIZA is that there have already been a number of compromises made by the Greek side on all fronts, hence any default would be a result of the intransigent stand shown by Greece’s creditors who are willing to take risks for Greece and all of Europe.

The Greek government leadership is now openly blaming the European leadership for bearing part of the responsibility concerning Greece’s downward spiral towards Memorandum policies with catastrophic consequences for Greece. This view is expected to be stressed at the parliamentary group meeting at noon on Tuesday, with Prime Minister Alexis Tsipras at the helm. During this meeting, Tsipras is expected to once again repeat the need for democracy to be respected.

At any rate, the government does not appear to be in a hurry to find a solution that does not cover the country’s social needs, such as the protection of low-pension earners. It is now clear that without a deal there will be no payments to the IMF on June 30 or the ECB this month whereas the installment to the ECB for August is also up in the air.