Honestly it doesn't matter how they got here. It matters what they do now. How do you propose that they move forward without being funded?
It's not really like there's a lot of room for sovereign decisions left, is it? What can you do if you're handed control of the train in the middle of the trainwreck, long after the chance to change tracks or hit the breaks has passed? I'd simply expect everyone else to stop making things worse for profit and think about how casualties could be minimized. I can't believe how Merkel and Schäuble are acting (Except I can, really, because they are obviously acting in the interest of financial elites). We Germans, of all people, should realize that mistakes can be made. Germany would never have recovered if it wasn't for extensive debt forgiveness. One might argue that the sins of my country included slightly more serious transgressions than fiscal irrsponsibility. The Greek should work towards an orderly exit of the Euro zone and establishment of a national currency. Make it non-fiat while you're at it. All the "weak" countries should get out. In the interest of German people, as well. As long as the exports are rolling, I suspect our elites will continue to not give a crap about domestic demand. Wages and social policies reflect that.
You can be entrenched in in financial logic (which I don't think it is an insult to be logical) and still agree that making a monetary union without making a political one is a dangerous game. This is a post in which we were discussing that same idea the other day. However, fixed currencies don't work. They cause deflation when supply of one product constricts supply of money. If you were to work to offset that change and re-value money in new terms of gold, then you're not really bound to a standard anyway and you're working as a central bank. It was abandoned a long time ago because it doesn't work. Any standard (not just gold) should work the same way.