Democracy, Accountability, Responsibility not Welcome Here;is this a Greek Tragedy?

Under pressure from all sides, including the German Chancellor Merkel and The French leader Sarkozy, the Greek Prime Minister, who announced a referendum on the new bail-out package for the country's debt is facing an ousting from government. What/who replaces his government has yet to be decided as the crisis is still unfolding.  A commentator on the B.B.C. echoed the sentiments of some political pundits and the financial markets that his going may bring some relief.  Relief from what. Oh nothing much, just a referendum for the Greek people. Well let's not allow anything like democracy stand in the way of a deal to satisfy the banks eh.
However, not having the referendum does not take away people's choice about the bail-out. There is, as they say, more than one way to skin a cat. We have already seen how the bail-out deals have been received so far: riots, petrol bombs, strikes. Will it be any different with this one. I doubt it.  It could even get worse as the measures kick in. The Greeks have also been told to accept the bail-out or get out of the Euro.
What would a referendum have done anyway.? Well, two things as I see it.
1) To be given a choice, to be asked,  people are more likely to take a more mature approach to a situation.  To have accepted the deal they would be accepting responsibility for the measures that they will have to live with. This, which seems to have escaped the notice of the political elite is called democracy; Participation, consultation, accountability for all.
2) To reject the package, especially under the all or nothing stance would have made it clear that Greeks want out of the E.U.  If this is the case it needs to be faced, and now rather than later. Leaving the E.U. would not be, as some fear, a get out of  paying debt card.  This can still be negotiated, but with the Greeks having more of an input than simply following undemocratic diktats from Brussels, and the international, unelected banking system, and last but not least, China, -that bastion of freedom- whose leaders didn't think a referendum would be helpful-well they would say that wouldn't they.