Everybody with a head on their shoulders has been forecasting for years that the euro was certain to come to a crisis like this. The sovereignty of nations is stronger than the Brussels mob. Union was a historic mistake. The Greeks invented democracy, and it will be poetic justice if they save it now and free us all"That Eurocrats have reacted so harshly to Prime Minister Papandreou's referendum plan is hardly surprising. Having sought for decades to consolidate total-authority in Brussels, Greek popular will stands to bring the whole edifice down in a single plebiscite.
That is fine. Greeks have every right to assert themselves in such a manner. It is their future and they cannot be blamed if they don't want to leave it languishing in the hands of Angela Merkel, Nicholas Sarkozy and their distant, would-be rulers in the capital of Belgium.
Rejection of the EU bailout is the only way to do this. As a consequence they would of necessity leave the Euro, reinstate and devalue the drachma, and slowly climb out of the huge catastrophe that is otherwise here to stay. Sure, Greeks will personally have to deal with the consequences of their recklessly-constructed and unsustainable social state, but in the long-run that is clearly preferrable to being stuck with a currency and economic model that prevents the country from embarking on a necessary restructuring.
Greeks would once again be their own masters, not the dictated-too subservients of their European neighbors.
They defeated Xerxes -- they can and must do this.
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