Sunday's "No" result in the Greek referendum on the terms of an international bailout brings a Greek exit from the euro a step closer, whether Alexis Tsipras, the youngest prime minister in Greek history since 1865, wants it or not.

And with the haggling over the terms of Greece's debt repayments denting confidence and creating fears in the market, Greece has been slipping back into recession again.

In fact, since he was elected as prime minister on Jan 25, Tsipras, who has obtained global fame by quarreling with his powerful creditors, has failed to embrace a number of opportunities to give the flagging economy a shot in the arm.