How would I vote in the referendum on the eurozone’s economic programme if I were Greek? The answer, alas, is that I am unsure. If I believed Greece could make a success of going it alone, I would surely vote against the programme. But I could not be certain: if Greece could use monetary sovereignty wisely, it would not be in its current state. If I voted in favour of the programme, I would not know whether it was still on offer: the eurozone says it is not, but it might be bluffing. What I would know is that, if Greece voted Yes, it might face years of retrenchment and depression. But that might still be better than post-exit chaos.
I would also surely wonder whether there might be middle ground. Thus some arguethat it would be possible to stay inside the eurozone even if the government were in default. This might also justify a No vote.
In making my decision, I would bemoan both the idiotic leftism of my own government and the self-righteousness of the rest of the eurozone. Nobody comes out of this saga with credit.