I am no expert on the topic. However,
"We need to declare that we no longer recognize the debts, go back to drachma, and then the government can adjust the exchange rate," Drakia, a 47-year old public servant, said. Only after dropping out of the euro, she said, could Greece return to prosperity.
So people think that you can just simply declare that you have no debt and not pay it?
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
Also, as far as I read parts of the referendum it included erasing a HUGE part of Greek debt on the cost of private investors and the EU.