The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
The smart money has always been on a last-minute deal being done to keep Greece afloat with Athens making most of the concessions and the euro zone and IMF bending only a little. But the chances of a car crash are growing as each day passes.
British Prime Minister David Cameron will hold talks in Scotland with the other big winner in last week’s elections, Scottish nationalist leader Nicola Sturgeon, who has already warned him it cannot be “business as usual” with Scotland.
After another day of to-and-fro on Greece’s bailout, Finance Minister Yanis Varoufakis said he expected euro zone finance ministers to acknowledge next Monday progress towards a cash-for-reform deal, opening the way to easing Athens' liquidity crisis.