Ne pada im lako jer bi svakako dug postao nenaplativ na određeno vrijeme.
Nepostojanje zakonske regulative nije veliki problem - dovoljno je vidjeti primjer UNa i "žive Povelje" kako su praksom država popunjene i čak izmijenjene neke odredbe Povelje - isto je moguće sa svakom međunarodnom organizacijom, čak i onom sui generis poput Unije.
Kako će se u praksi to riješiti to trebaju dogovoriti vođe EUa no realno i unilateralni potezi grčke vlade u tom smjeru bili bi pravovaljani (to bi odgovorilo tvoje prve dvije točke).

Uvođenjem drahme te devalvacijom iste gospodin Sinn i ja vjerujemo da bi Grci doživjeli šok i nagli pad životnog standarda kojeg ionako ne mogu plaćati pa bi imali napokon situaciju da Grci žive u skladu sa svojim gospodarskim mogućnostima.

To da devalvacija ne potiče konkurentnost nije istina, njihov turizam i izvozni proizvodi bi bili jeftiniji, a time i konkurentniji - stvorili bi se napokon uvjeti za normalan razvoj Grčke i za veći rast BDPa. (Dobar primjer su Kinezi koji godinama drže svoju valutu ispod njene realne vrijednosti kako bi olakšali posao svojim izvoznicima)

No sve mora započeti drastičnim rezanjem standarda, a to je najlakše učiniti uvođenjem i devalvacijom drahme. Bez toga nikakav gospodarski rast ih ne će izvući iz krize (a niti je moguć) jer će uvijek trošiti više nego što mogu i time biti konstanto rupa bez dna.

“Party time at the expense of others in Greece has come to an end,” Lithuanian President Dalia Grybauskaite said. “Europe and the euro area are surely unprepared to pay for the irresponsible behavior of the new Greek government.”

“You can’t have one country enjoying a feast, overspending and having everyone else pay for it, including our citizens with much lower pensions and wages,” said Grybauskaite.

Greece has 48 hours to strike a new bailout deal with its eurozone creditors or face a banking collapse, a humanitarian emergency, and the start of an exit from the single currency, European leaders decided on Tuesday evening.

Unless Athens presents convincing details entailing more austerity as the basis for its third bailout in five years, all 28 national EU leaders, not just those of the eurozone, are to gather in Brussels on Sunday in emergency session to discuss how to contain the fallout from Greece’s financial collapse.

“We have a Grexit scenario prepared in detail,” said Jean-Claude Juncker, president of the European commission.

The stark ultimatum emerged from a special eurozone summit in Brussels on Tuesday where the Greek prime minister, Alexis Tsipras, was pressed to explain to the other leaders how he wanted to proceed following his victory in a referendum on Sunday when his country voted no to eurozone austerity measures as the price of staying in the euro.

The Greek leadership exasperated EU leaders by failing to present new bailout proposals on Tuesday. It is to present a formal application on Wednesday for a new rescue package from the European Stability Mechanism (ESM), the eurozone’s permanent bailout fund. If Berlin, Paris, Brussels and other key creditor capitals can agree the terms and timings with Athens, Greece would be offered a stay of execution in the euro. Sunday’s summit would then be of the 19 eurozone leaders.

If not, the summit of all 28 leaders, including David Cameron and heads of government of other non-euro countries, would instead convene to deal with the consequences of a Greece cut loose from the eurozone financial system.

“That shows there’s only a few days to go to taking a decision,” said Chancellor Angela Merkel of Germany. “That shows how serious it is.”

“Our inability to find agreement may lead to the bankruptcy of Greece and the insolvency of its banking system … This is the most critical moment in our history,” said Donald Tusk, the president of the European council who chairs the summits. “The stark reality is that we have only five days left to find the ultimate agreement. The final deadline ends this week.”

Greek banks will remain closed until Monday, the country's finance ministry has said, as the government raced to come up with a new proposal to present to creditors for a new bailout deal.
"The bank holiday is extended to July 13," the finance ministry said in a statement on Wednesday.
The banks have been closed since June 28, with withdrawals by Greeks limited to 60 euros ($66) to stave off a liquidity shortage after the government called a referendum on EU-IMF creditors' terms for an international bailout.
A ministry source also told the AFP news agency withdrawal limits would remain unchanged. The capital controls have kept Greek banks going but authorities have struggled to keep ATMs supplied with cash, and additional obstacles to imports have led to fears of shortages in goods and medicine.

Thursday midnight is the deadline for Greece to submit new bailout plans to unlock billions of euros of fresh aid desperately needed to keep its struggling economy afloat. Sunday is the deadline set by the EU to agree on a bailout deal with Athens in return for economic reforms.

Up to a fifth of Greece’s domestic shipping fleet may be stuck in port because of capital controls that have prevented owners from buying fuel, the Telegraph can reveal.

The deadlock between the Greek government and the country’s creditors that has shut down its banks and taken Athens to the brink of exiting the Eurozone is now starting to hit
one of its most productive industries, according to some ship operators.

Shipping accounts for around 6pc of Greek gross domestic product, employs more than 165,000 people, and contributes an estimated €13.4bn (£9.5bn) annually to the country’s
economy, according to recent research by Boston Consulting Group.

However, the industry has been hit by the euro crisis, which has prevented many ship operators and owners from buying fuel and other resources they require to run their fleets.
Greece’s government was forced to impose capital controls, which have made it almost impossible for Greek companies to do business outside the country,
after the European Central Bank turned off the tap to fresh funding.
“There is a problem in the industry because many companies cannot buy any oil,” said a source at the Zouros Shipping Company in Piraeus. “Many ships are locked in
harbours – maybe as many as 20pc – and are not allowed to make payments outside the country because of capital controls.”

The Greek merchant fleet comprises around 4,000 vessels. It is the largest in the world in terms of capacity, representing 16pc of global cargo tonnage,
according to Boston Consulting Group.

Athens has submitted a package of tough austerity measures in an attempt to reach a €53.5bn bailout and avoid Grexit

Alexis Tsipras urges MPs to support austerity plan

The tax status of certain far-flung Greek islands will be affected by the new proposals, reports my colleague Angelique Chrisafis who is in Greece.


The creditors had insisted last month that Greece completely scrap its special low VAT rates for distant Greek islands. This special VAT discount rate has been in place for decades, to help certain islands which are far away from the mainland and have to pay high costs to bring essential goods long distances from Athens or Thessaloniki.

Under the new proposals, the Greek government has agreed to remove the special VAT discount, initially targeting only the richest and least remote of those islands, which would include the tourist-magnet of Mykonos. But it seems that the special measures would remain in place to help the most remote islands - and presumably the smaller and poorer of those islands, whose dwindling populations have already been hit hard by the crisis.

Greek crisis: Markets surge after Athens submits reform plan

The offer included a proposal to raise certain value-added taxes and eliminate parts of a politically charged tax break that has long applied to the Greek islands, in a bid to pull in billions of euros in tax revenue. In addition, Athens proposed raising the corporate tax rate, broadening the tax base to include lower-income earners and eventually raising the retirement age to 67.

The proposal also contained pledges that Greece has made in years past, but which have made little progress, including a vow to speed up the privatization of state assets to raise cash and to crack down on corruption and an inefficient judicial system.

Critically, though, Athens proposed targeting a low so-called primary surplus of 1 percent this year with gradual increases in subsequent moves; the term refers to the amount of cash in its treasury after expenses and interest payments. Athens has argued that being allowed to keep more money on hand rather than spending it on debt payments will allow for some spending stimulus that is needed to stoke the moribund economy.

Hans-Peter Friedrich, a member of the Christian Social Union in Bavaria, which is part of Angela Merkel’s conservative bloc, expressed skepticism about the program, noting that many of its points were part of the deal rejected by Greeks in the referendum last weekend.

“That means there are two possibilities: either the Greek government is tricking its own people, or us yet again,” Mr. Friedrich told Deutschlandfunk radio early Friday, noting that he had not yet seen the full proposal.