Greek Crisis - Eurozone

Telegraph Live: Reports that the embattled Greek PM George Papandreou is holding an emergency Cabinet Meeting after his statement that Greece would hold a Referendum on the EU Deal. The Greek PM wants to hold on to his job, any early election he and his Party are toast, thus it can be postulated given the present information that he should get the Referendum through the Greek Parliament. Then the fun starts folks, the EU will do its nut, try subvert the Greek system to get a YES vote without actually looking like they trying to subvert Greece. What would the ancient Greeks have made of it folks, might they have thought, “ this Democracy lark is it really a great idea ”, the people having the final say, what about the high and might elite of the EU, they are more important the great unwashed.