You said this in the original LTE draft:

As an ardent supporter of the European project, it gives me no pleasure to make a recommendation that may result in breaking the Eurozone. But I can no longer in good conscience watch Greece commit economic suicide for the sake of the failed economic doctrines at the core of current €-zone policy. Enough is enough.

By the way, when you say

I do not believe that it is in the long-term interest of the European Union to cow-tow to an EPP government that is too craven to stand up to the gutter press

the European Union is currently a very good approximation of a continent-wide EPP government and will be for some time. It's a dreadful prospect.

Economics is politics by other means