A cursory look at the “new” Greek proposal to creditors suggests PM Alexis Tsipras may have sold out the referendum “no” vote in a final, desperate attempt to avert an economic catastrophe and the collapse of the country’s banks which will be cut off from ELA as of Monday morning in the event Brussels and Athens do not come to terms over the weekend.

As Commerzbank's Markus Koch said on Thursday, “the 'No' in the referendum appears to be turning into a 'Yes' from Tsipras."

Here, courtesy of AFP, is the proposal in inforgraphic form:

And even as it does indeed appear that Greeks (not to mention Syriza hardliners) will be forced to stomach a "compromise" that amounts to an outright concession, there are some differences between the “old” and “new” Greek proposals. Here’s Bloomberg with the rundown: