Greek here. I don't see any other possible way out. People are currently celebrating for it, though.

>People are currently celebrating for it, though.

manipulating currency is one of the way how politicians, bankers and other people in power f&ck regular people. Obviously, being f&cked by your own instead of by foreign politicians/bankers is the more preferable situation. I'm not joking - just look at all the wars there foreign invaders were enthusiastically fought against by the regular people even when their own governing regime was nothing to fight for.

Perhaps better to fail under your own terms than those of someone else?

Perhaps , we ll see . this is a lot more violent than an orderly exit.

What? The other way out would simply be to accept the reformations demanded by the EU. Greece would also need a new government as soon as possible. A government that does everything possible to help Greece to regain economic strength. Build new industrie, start-ups, let the tourism in this beautiful country flourish again. The EU has already agreed to give Greece a huge amount of additional money. But they obviously want to make sure that the money is not wasted and stolen by corruption as the hundreds of billions since 2010 [1]. History has proven that socialism doesn't work. You guys need another government, but only have a couple of pigs [2].

[1] https://en.wikipedia.org/wiki/Greek_government-debt_crisis [2] https://en.wikipedia.org/wiki/Animal_Farm

Considering that Greece is far less socialist than the European norm, I'm not sure how "socialism" is to blame. The closest Europe has to "socialism" is around here (Denmark), and it works very well. Greece has been an oligarchy for decades, with extremely high income inequality, a lack of even standard social-democratic welfare benefits like universal healthcare or minimum income support, and a corrupt government.

I don't know what you think socialism is, but we usually use the word to mean social collective control of the means of production.

On that basis we can say Greece's state owned industries and crony controlled companies with state mandated permits and monopolies make Greece more socialist than the First World typical.

Denmark is possibly the least socialist country in the world. (Some have the illusion that social insurance payments make Denmark more socialist but they impose little social control over individual choice, mostly redistributing cash from one person's young and healthy years to older less healthy ones and similarly from working years to schooling years.)

That was the entire idea of the bailout packages from the start. However, the government still has strong support and not likely to change. At this point, it's fair to say greeks don't want to save themselves.