Greece is now standing on the edge of a financial precipice, pushed there by ever rising borrowing costs.
The rise in borrowing costs forced the European Central Bank (ECB) to prolong its easing of the rules on using government bonds as collateral for its loans.
The problem stems from the fact that the Greek government has not indicated exactly what it needs/wants to resolve its problems, ie it has to go publicly to the IMF and EU and ask for help.
This of course will not play well domestically. It therefore should not come as any surprise to learn that Greece is steadfastly sticking its head in the sand, and saying that the aid is not yet needed.
The reality is of course that the markets will do the equivalent to Greece what they did to the UK in the early 90's (when the UK was pushed out of the ERM); Greece will, if it does not act swiftly and decisively, be pushed out of the Euro.
The other problem facing Greece is that, even if it does publicly ask for help, the EU and IMF have yet to finalise the structure/terms whereby aid would be given.
In short Greece will be pushed out of the Euro, it is only a matter of time.