Wednesday, November 02, 2011

Greece Latest - Eurozone Crisis

BBC News: Reports that the Greek Cabinet has supported the referendum plan of PM Papandreou. Lets be honest folks, they didn’t have much choice, either support their PM or face a General Election, they could have faced electoral disaster. The Greek Government must hope it will win a no confidence vote on Friday, as this is part of the referendum plan. The G20 meeting in France tomorrow should be interesting, the French and Germans can hardly demand that Greece is not democratic, thus they will push for a question in the referendum that will make it hard for Greeks to vote no, they could argue that Greece should decide if it wants in or out of the EU, in other words blackmail folks. Lets hope the Greek PM tell them that if they push to hard the Greek people might vote NO out pure dislike for the way they have been treated by the EU. An interesting meeting tomorrow folks.

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