It's your only hope for the future. If you go bankrupt you still won't have any money so you /will/ have to reduce the size of the state, anyway. Besides, the

It's your only hope for the future. If you go bankrupt you still won't have any money so you /will/ have to reduce the size of the state, anyway. Besides, there is nothing "cowering" about firing corrupt public servants or no longer sending pensions to people who are long dead. The stability of the Eurozone is actually not at stake. Not any more. Playing chicken with the rest of Europe won't work -- you'll just drive yourselves off a cliff.