The Greeks voted to end their national humiliation. Now it's time for Europe to cut them a better deal.

This weekend, the Greek people voted in a referendum on whether to accept the terms of the latest bailout offer from the eurozone brass. The offer had been withdrawn by the time of the vote, but Greeks voted to reject it anyway, by a nearly 23-point margin, showing that bald threats from top eurozone elites had backfired spectacularly.