The head negotiator for Greece claimed that a Grexit could possibly lead to the collapse of the Euro itself. “My biggest fear is that the collapse of the Euro will take us back to competitive monetary devaluations, nationalism and the kind of economic politics that we had during the 1930’s.”
 
According to Mr. Tsakalotos, any deal will have to be economically feasible.  “We have  a conciliatory  disposition, we have suggested solutions and the institutions have submitted a document which was very close to the initial agreement.”
 
When asked about an emergency plan, Mr. Tsakalotos answered that unless the proposed deal is economically feasible and puts a stop to the recession and the debt spiral, the Greek government will chose to ask the people:  “We have no order to abandon the Euro and that would be a very bad possibility.  We will have to ask the people because our orders were to achieve the best possible deal within the Euro, we are pro-Euro and pro-Europe.”