So it looks like the Grexit endgame may be finally upon us.
I know thats difficult to believeafter all thee years, but it could be make or break within days.
And increasingly, it looks more like break than make.
Greek premier Alexis Tsipras has been talking tough, claiming the EU is seeking regime change and creditors are pillaging Greece.
Without some concessions, a default looksinevitable.
I have some sympathy with Greece, which is being pressed to service unpayable debts to keep inflexible creditors happy.
But the immature antics of game theory expert finance minister Yanis Varoufakis make that sympathy hard to sustain for long. The motorbike-riding Marxist may have overplayed his hand.
Sympathy has run dry in the EU, which is now considering cutting Greece loose, believing it has firewalled the rest of the continents banking system.
That is the underlying aim of European Central Bank president Mario Draghis 1 trillion blast of QE.
But letting Greece slide into the abyss would also have serious political consequences, with Russia hovering, neighbouring Turkey uncertain, and a Middle Eastern nightmare unfolding on its borders.
Forcing a country out of the euro moves us into completely unknown territory. Plunging the Greeks into a state of emergencymay frighten other struggling members such as Spain, Portugal and Italy.
Alternatively, they may topple like dominoes.
Markets are understandably nervous. Today, the FTSE 100trades at 6678, down more than 6% since hitting a 52-week high of 7,122 on 27 April.
The FTSE 100 hasnt set a five-month low, andis also down 1.3% down on 12 months ago.
Todays news that the UK is out of deflation had little impact on markets whose attention is understandably elsewhere.
Investors are right to be nervous but they should also be eager, because the Greek tragedy means UK stocks arenotably cheaper than a month or so ago.
After recently topping16 times earnings, the FTSE 100sprice/earnings ratio is a more tempting 13.91 times earnings.
And the average yield on the index is 3%, while big names such as National Grid, J Sainsbury, Centrica, Tesco, HSBC Holdings, GlaxoSmithKline, BP and Royal Dutch Shell are all yielding more than 5%, and in some cases more than 6%.
I cant predict how Grexit will end, but I can tell you that its making some of the UKs favourite stocks look even more tempting than they were.
The question is: are you up for a game of risk?
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Harvey Jones holds several FTSE 100 tracker buthas no other position in any shares mentioned. The Motley Fool UK has recommended shares inCentrica, HSBC Holdings and GlaxoSmithKline. The Motley Fool owns shares in Tesco. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.