..this option was open to the greek government as well. it chose otherwise.
Venezuela Takes Steps to “Smash” Currency Speculation
I wouldn't exactly hold Venezuela up as the paragon of economic excellence. It sits on one of the biggest oil resources in the world, yet it's slowly swirling down the economic shitter. If Venezuela's economy was the example of the alternative to the EU/IMF bailout, then taking the bailout would be a no-brainer (the Greeks will be way better off under the relatively short-term austerity program than the Venezuelan people will be in a long, long, long time).