Failure to clinch Eurogroup deal narrows options for Tsipras

In the aftermath of Greece's failure to seal a deal at last Monday's Eurogroup, the government find itself now with its back against a wall, as the road map outlining the way out of the crisis it had so painstakingly cultivated in recent months, was tossed out.

Moreover, the coalition's hopes for a "comprehensive deal," including debt relief measures, to balance out the political cost of legislating a highly unpopular batch of fresh austerity measures last month have also been dashed.

The best it can look forward to now, according to government aides, is that Finance Minister Euclid Tsakalotos is presented at the next Eurogroup on June 15 with a proposal similar to the one he rejected on Monday.

However, it is highly unlikely this would pave the way for Greece's inclusion in the European Central Bank's quantitative easing program (QE) - a much-touted component of...