Greece Back To The Future

Greece managed to submit its proposal before yesterday's deadline.

The irony being that it is more or less the same as the one put forward by the Troika in June, which was rejected by Tsipras and the Greek people.

As Robert Peston says, it's more or less total "capitulation":

I've obtained copy of Athens' detailed reform proposals - almost total capitulation to creditors http://t.co/oGKMJ4l7Cx #GreeceCrisis

— Robert Peston (@Peston) July 10, 2015