Those with the money want their pound-of-flesh from Greece in the form of further cuts in public spending such as increasing the retirement age and cutting social security. As most public spending is already slashed to the bone the government's resistance is obvious.
Ultimately they may have to broker a deal but will it be at the cost of their election principles?
According to the media David Cameron is making sure British holidaymakers can be shipped home from vacations in Greece should the worst happen? What is the worst probably depends on your views and country of origin and residence. In this case it is widely accepted as bankruptcy.
If you are Greek and living in Greece it is doubtful you want more austerity measures or technocrats taking over your government but there is more at stake. Do the Greek people want to stay as part of the EU no matter what? Or will they be the first country to exit the Eurozone or even the European Union paving the way for others?
The markets and money values responded Monday to more optimistic reports that a deal was possible or even on the cards; days earlier values were falling rapidly.
In Greece banks have just about run dry. Again the British government has offered advice to tourists; take plenty of cash on vacation.
But as the Express reports the scenario could "includes the possibility of cash machines shutting down if a resolution to the crisis is not found and violent protests should the Left-wing Syriza government bow to its creditors' demands, a UK spokesman said.
Caught in a downward spiral that means Greece could experience more financial pain if tourists look elsewhere for a cheap deal in the sun.
Will there be a deal or financial meltdown?