looks like Tsipras has folded

[Swedish Rainbow Capitalist Cheese]

Oh you guys!

Tsipras is not a magician. As much as you wish it, he can't just swish a wand around and all of a sudden turn fantasy into reality. The overwhelming majority of EU governments support the current cause of affairs, and Tsipras wasn't all of a sudden going to turn the minds of all those savvy politicians.

He always had just two roads he could take. He could either work with the creditors or he could leave the Euro. The ideas that he'd manage to get bailed out by Russia, or that the CJEU would declare it illegal for Greece to leave the Euro has always been smokes and mirrors.

Faced with the stark reality of either leaving the common currency or get a deal with the creditors, he clearly decided that a deal was the thing that would hurt the country least. Now from the anti-austerity perspective the deal isn't all as terrible as you make it out to be, it says that there has to be debt write-downs, something the creditors might actually agree to considering what Tsipras is willing to to restructure and save more than they initially asked for. Now I hope that there is still enough good will between Greece and Germany for this to actually amount to something.