Good for the Greek people in asserting their own right to self-determination.

No way should Greece accept austerity imposed from outside.

The YES was unacceptable obviously. It was not solving any problem.

However, the NO (whatever it leads too), opens a period of total uncertainty for the Greek people. The best that can be hoped is that this allows the Greek government to have more leeway to negotiate with Lagarde amd Merckel (do you really believe this?). Otherwise, what will happen?

So, really whatever the result, there is nothing to be happy for.

So, what happens when the negotiations drag out?

Grexit is the most likely outcome now.

My POV is that the Greeks want to develop an actual plan for exiting their collapse, which the EU could not provide.

But it will be more painful in the short run.

This week the ECB will decide if it will continue to extend liquidity to Bank of Greece. If it doesn't, then the Greeks will be forced out of the euro - they will have to issue their own currency and begin negotiating with the EU for emergency humanitarian funds to import food, fuel and medicine.

As it is, the Germans want to recognize their losses now and force Greece out. The Italians and French do not, but the French are less focused on it.

If Germany succeeds, the listed debt balances for all three countries go up. But Germany has already mentally written off the debt and wants to exit the pretense.

My view is that the Germans deliberately did this.

Both choices are bad. Greece is in deep doo-doo.

Can't say it was the wrong decision, but the government was not honest when it said a no vote just meant they'd get a sweetheart deal from their creditors immediately.