Greece's hideous choice: More austerity or collapse

Greece is facing a hideous choice: A third massive international bailout with strict austerity attached, or economic collapse.

   Greeks are preparing to vote Sunday in a referendum on whether to accept a bailout offer from Europe and the International Monetary Fund. Prime Minister Alexis Tsipras is urging people to reject the proposal, saying that would strengthen his hand in negotiations.

   But there's a big problem: European leaders say a "no" vote would show Greece is unable to carry out the reforms needed to keep the euro. A return to the drachma would seem inevitable.

   "I think there would not only be no basis for a new [bailout] but it would be very much the question whether there would be a basis for Greece in the eurozone," said Jeroen Dijsselbloem, president of the Eurogroup of finance ministers.

   Here's how the vote could play out:

Πηγή: money.cnn.com