This is really reckless, I hope the Greek government rejects this deal. The debt is already beyond what Greece can pay, unemployment is very high, and yet the plan is to combine more debt and more austerity. This is nothing less than a power grab, there's no interest in a strong Greek economy before its public infrastructure has been sold off.
I hope the Greek government has the guts to go bankrupt. It'd be a short term loss with a long term gain. It's not like the creditors have to lose out, Argentina showed that by paying off its debts after their currency issues. Similarly, savings could be protected by freezing their value and offering to pay the equivalent in the new currency (assuming Greece would be required to leave the Euro).
I hope the Greek government has the guts to go bankrupt. It'd be a short term loss with a long term gain. It's not like the creditors have to lose out, Argentina showed that by paying off its debts after their currency issues. Similarly, savings could be protected by freezing their value and offering to pay the equivalent in the new currency (assuming Greece would be required to leave the Euro).