"The law says, should any future Greek government try to default in any way on its debts – by setting up a debt commission or by any other means, even one accepted by international law and precedent, then Greece chooses to relinquish all claims on the assets of the Greek people and the nation and equally relinquishes all legal protections from its creditors/bond holders."
"If the Russian people managed to halt and reverse the German torrent at the doors of Moscow, they owe it to the Greek People, who delayed the German divisions long enough so that they could not bring us to our knees."
Georgy Constantinovich Zhoukov
"On the 28th of October 1940 Greece was given a deadline of three hours to decide on war or peace. But even if a three day or three week or three year deadline was given, the response would have been the same.
The Greeks have taught dignity throughout the centuries. When the entire world had lost all hope, the Greek people dared to question the invincibility of the Germans, raising against it the proud spirit of freedom."
Franklin Delano Roosevelt
"Until now we used to say that the Greeks fight like heroes. Now we shall say, that heroes fight like Greeks."
I am not familiar enough with international law and debt to know if the terms of this Greek debt deal are truly unique, breaking new ground.
But the terms are striking, and symbolic of the neo-feudal social organization that had been prevalent in the colonial Third World.
It would seem to be better to take the Icelandic option, and leave the Eurozone, and refuse to surrender their sovereignty, though the heaven's fall.
The Humiliation of Greece