So the Greeks are keeping hope alive? They have not caved on the debt?

Greece on collision course with Brussels after Merkel backs hardline debt stance

Yes, they are a ray of hope for Europe, they and Podemos.

Greek finance minister Yanis Varoufakis, right, had talks with his Dutch counterpart 

Jeroen Dijsselbloem, who chairs the Eurogroup of finance ministers, in Athens last week.

Athens is refusing to cooperate with the European Commission, European Central Bank and International Monetary Fund – the troika of institutions overseeing the loans, which total about 175% of Greece’s gross domestic product. 

Instead its new government is looking to meet with individual creditor nations as it seeks concessions that it claims are vital if Greece is to emerge from years of austerity.

. . . . 

Germany is clearly worried that if concessions were granted to Greece, other struggling EU member states would make similar demands. 

Yesterday tens of thousands of people marched through Madrid’s streets in a show of strength by Spain’s fledgling radical leftist party Podemos, which hopes to emulate the success of the Syriza party in elections later this year.

. . . . 

In an attempt to break the consensus among eurozone nations, the new Greek finance minister, Yanis Varoufakis, is meeting with his French counterpart, Michel Sapin, in Paris. 

Varoufakis appeared to rule out the prospect of ceding to the wishes of eurozone creditors. 

“We are not prepared to carry on pretending and extending, trying to enforce an unenforceable programme which for five years now has steadfastly refused to produce any tangible benefits,” he told the BBC’s Newsnight.

“The disease that we’re facing in Greece at the moment is that a problem of insolvency for five years has been dealt with as a problem of liquidity.”