Could the Eurogroup meeting of July 12-13 represent the EU’s Prague Spring moment? The timelines of the two historical phenomena are uncanny: a government promising radical reforms comes to power at the beginning of the year, only to meet with continued opposition from the conservative old guard within, and dogged antipathy from its supposed international allies without.

For the last year or more, history has raced ahead in Greece. The impressive victory of the ‘No’ campaign in yesterday’s referendum is the latest significant moment. Forged in the shadow of a banking crisis, with Europe’s political establishment against them, around 60% of Greek voters reaffirmed once more their anti-austerity stance.