Lapavitsas is very clear: the banks must and will no doubt be nationalized, IOUs denominated in euros will be issued to put up with the lack of liquidity caused by the ECB and the Greek banking oligarchy.
There is no hope in negotiations: Germany won't budge and neither can Greece, much less after the massive rejection of the Troika's take-it-or-leave-it proposal by the Greek People on Sunday.
Changes will happen in a matter of days, very possibly after the last attempt at negotiating a deal this week, which is desperate and won't produce any results.
Less clear is what will happen to the European Union and the Eurozone, but that is not, I guess, Greece's problem anymore.
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