The collective ingratitude of the Greek people, demonstrated by their no vote on this referendum, is astounding. I hope their creditors don't back down and come back to the table with more lenient and/or forgiving terms. They've been far too gracious and far too forgiving already, and what they've asked for has been plenty reasonable.
Yes, of course, the austerity they demand means a lower standard of living for the average Greek and less growth (or more contraction) for the Greek economy. But tough luck, the Greeks have been living too far beyond their means (i.e. beyond what their real productivity could justify) for far too long. They got to live the high life without putting in the work to pay for it, now they have to pay the bill without getting to enjoy the high life. The austerity will do real harm to their economy well into the future, but that's the price they need to pay for their actions - reality catches up with all of us eventually, and the more we try to avoid it the more likely it is to be a mother ####er when it does find us. Reality is knocking Greece, answer the door or not she's coming in. Yes, they'll be a compounding effect from an austerity-inhibited economy trying to pay back debts. But that's your problem. At least you will be able to pay those debts back, if you're willing to suffer a sufficiently reduced standard of living - if you're willing to accept not being spoiled brats like you've so long been.
Their creditors have made them more-than-fair offers, offers that might allow them to survive as a nation. If they think they'd be better off remaining indignant, by acting like babies and just defaulting, they're as unrealistic as they are ungrateful. Their creditors of course don't want to lose all of their money, and other nations' economies would be impacted somewhat (and to varying degrees); but Greece would get the worst of it. And they'd be worse off than they would taking the deals that have been offered. They think the austerity that has been asked of them is bad, I don't think they understand how bad bad can get. But they'll find out if they, in effect, force the EU to kick them out or choose to leave on their own. Unless their creditors buckle, that's basically what this no vote is - it's a vote to leave the EU. Again, I hope their creditors stay strong and we can get on with getting this over with. Without other people willing to finance their unproductive lifestyles, they just can't support themselves to anywhere near the standard they expect - even to the austerity level they're refusing to accept. Their only hope is that their creditors cave in to their unreasonableness, indulge their unconscionable defiance.
A nation of 11 million plus people can't be supported by 155 people working, especially when only 80 of those people are doing something other than make-work type stuff. They think they should be able to live 75 years while only working for 2 of them, and only working 15 hours a week when they do. Hopefully they're about to get a long overdue introduction to reality, how unpleasant an introduction it will be is up to them. It sure seems like they want it to be as nasty an introduction as it can be. So be it. Please, please, please to their creditors: They're bound and determined to dig their own grave, for all ours sake let them go ahead and jump into it so that we can begin to put this silliness behind us. It's time the world, and the rest of Europe in particular, tells the Greek people to go #### themselves.