debt is a scam. How is holding a referendum on a scam bad?

This sentiment of this video is trying to protect the real thieves.
And I think I'll just downvote this, after all Papandreou's party wasn't in power when the greek debt was created, but this video says of Panadreou, "They went out on a spending spree"

Greece should just GTFO of the euro union while it still can, print a shitload of drachma's to devalue it's currency and go on an exporting spree. When you pair underachieving countries with economic powerhouses like Germany, then expect a single exchange rate to balance across the board, you've got bloody rocks in your head unless you turn Europe in to a defacto single country. One overarching government that manages and redistributes the wealth to the poorer areas from the richer.

This is what happens in the US, Australia etc. The most profitable states generate more taxation which in turn pays for government programs to assist the poorer states. Federal loans/deficits are managed by one body (although states also have their own budgets/revenue/loans) and actions to head off mismanagement at the state level can be enacted by the fed with far less drama than trying to force individual countries to act in the whole unions perceieved best interests (eg. accepting the deal sans referendum in this case).

Leaving each country in the EU self governed was a recipe for disaster even before you add in financial mismanagement.

papandreou is a fucking idiot. So he accepts the money and agrees to the terms of the loan, then proceeds to fall short of what was asked to do, then needs more money, says yes, and all of the sudden says: "you know what? I think I'll hold a referendum instead". What a fucking moron. If he wanted to have held a referendum he should have done it BEFORE accepting the first aid.

Your voice of reason has beed reduced to this. tsk tsk, what happended to the smug european fingerwagging over the iraq war, you have fallen so quickly and now it's our time to laugh, suckers!
http://www.youtube.com/watch?v=Wb-MWoZKYmg&feature=related

Moving this video to Seric's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.