I don't know if this means the poop is going to hit the rotating aerofoils today, or even next week, but it certainly does sound like the beginning of the end for Greece in the Euro.
Jeroen Dijsselbloem, head of the eurogroup, has just arrived in Brussels. He tells reporters that:
I am very negatively surprised by today’s decision by the Greek government They have apparently rejected the final proposals from the Institutions.
Dijsselbloem is also unimpressed that the Greek government is recommending rejecting the proposal:
That is a sad decision for Greece, for it has closed the door on future talks.