Wednesday, November 02, 2011

Greek Bailout Part 3

It may be political posturing, but at least Greece's Prime Minster George Papandreou is displaying some backbone. Allegedly his calling for a referendum was never mentioned as part of the bailout deal and has caught out other countries leaders as well as the markets.

Personally I think this says much more about them than they intended. I mean putting this to the public after all the important people have decided the matter already! Who does this guy think he is - some sort of elected official whose power derives from the people and who is supposed to represent their will?

Doesn't he know the public are all drooling idiots who need to be told what's best for them. I mean it's bad enough they get to vote for their leaders, but to let them have a say in what those leaders actually do that could affect the entire country over a long term period is utter madness.

Next thing you know he'll be turning this referendum into a full blown question about staying with the Euro and what sort of example will that set for the much better run countries?