Greeks are already angry about their bailout referendum being effectively proven pointless after they voted against the conditions set out by creditors prior to June 30.

Just wait until they get a load of the rough deal they've got now.

Not only has the Syriza-led government agreed to a number of extremely austere measures, it's also being forced to chop up and sell parts of the country to the private sector so it can recapitalise the battered banking sector.

It's a bit like a desperate yard sale of whatever Greece can find.

It's hardly surprising that, according to Bloomberg, a couple of officials said that Prime Minister Alexis Tsipras resembled a "beaten dog" at the Brussels showdown. The deal is pretty tough.