Via ZeroHedge, I bet Merkel and Sarkozy (not to mention Von Rumpy-Pumpy and Baroso) didn’t see this one coming when they were giving press conferences on Wednesday :
It appears the Greek leader has had it, and is officially throwing in the towel, leaving his citizens to tell Europe to shove their perpetual bank rescue plan, via Bloomberg:
- PAPANDREOU SAYS NEW GREEK PLAN MUST BE PUT TO REFERENDUM
- PAPANDREOU SAYS GREEKS CALLED ON TO CHOOSE ON COUNTRY’S COURSE
- PAPANDREOU SAYS CALLS FOR VOTE OF CONFIDENCE ON POLICIES
- PAPANDREOU SAYS GREEK DECISION WILL BIND ALL POLITICAL PARTIES
- PAPANDREOU SAYS REJECT ELECTIONS AT THIS TIME
Naturally, with scenes like this one from last week, don’t expect a glowing Greek endorsement of abdicating national sovereignty to the European superstate. In fact, expect the opposite. And with that, preparations for a Greek exit from the Euro and Eurozone begin in earnest. Needless to say, Deutschland is not too happy.
I wonder if it will be like the Lisbon Treaty referenda where they are made to vote again and again until they get the right result? There should at least be a serious amount of arm twisting behind the scenes as our Brussels overlords try and keep the show on the road just a little bit longer.
The Euro skeptics in Britain must really be enjoying saying “I told you so” right now.
Blindfolded Monkey – I would think so yes – hopefully it is one step closer to the end of the great EU experiment.
As an aside, I wonder if Cameron and Clegg could have braved it out against the citizens striking and riotting for as long as the Greeks have – personaly I doubt they would have gone a month let alone the best part of a year.