No worries - I never downvoted. Your comment makes sense now.
You are right that sovereign nations cannot do completely as they wish but when it comes to economic developments, history sides with demonstrating that countries will and do default on debts to other sovereign nations.
Almost every nation on earth, since 1500 has defaulted on a national debt.
I personally believe, given the conviction of the political party, the outrage of the populace and the crippling economic cuts that Greece absolutely would have defaulted under Tsiparis and the Euro would have faced an extremely damning future.
Precedents --
[1] During the last week of 2001, the Rodriguez Saá government of Argentina defaulted on the larger part of the public debt, totalling US$132 billion. The amount approximately represented one seventh of all the money borrowed by the Third World.
You are right that sovereign nations cannot do completely as they wish but when it comes to economic developments, history sides with demonstrating that countries will and do default on debts to other sovereign nations.
Almost every nation on earth, since 1500 has defaulted on a national debt.
I personally believe, given the conviction of the political party, the outrage of the populace and the crippling economic cuts that Greece absolutely would have defaulted under Tsiparis and the Euro would have faced an extremely damning future.
Precedents --
[1] During the last week of 2001, the Rodriguez Saá government of Argentina defaulted on the larger part of the public debt, totalling US$132 billion. The amount approximately represented one seventh of all the money borrowed by the Third World.
[2] A chart of all sovereign debt defaults since 1980 http://4.bp.blogspot.com/_pMscxxELHEg/TDfkTfwd8LI/AAAAAAAAIw...