Crisis all over again.
Daniel Hannan: I wish I could convey the sheer writhing horror that George Papanderou's referendum proposal has provoked in Brussels. The Slog has a whiff of e German conspiracy. Autonomous Mind thinks: This could be the start of a turning point in European history. EURef has more links and updates.
An me? I am echoing the sentiment expressed by Der Spiegel (p. above): I am wildly applauding the Greeks for their audacity.
[UPDATE001] The Slog has dug a little into the Greek referendum issue and turned up some interesting details: Revealed – How Papandreou Planned It Well In Advance.
Three weeks ago, I was picking up strong hints from well-placed Paris sources about rogue French diplomatic lines having been laid with Athens. But that move, if it was real, has seriously backfired in some way or another; perhaps the Greeks saw through the French self-interest. Their country is, after all, being sacrificed to the eurobanks’ survival. (...) It’s possible that, last summer, the Greek Prime Minister decided he had eaten enough sh*t for one lifetime, and made a principled decision to stuff the banking community.
[UPDATE002] The day democracy died in Europe... Some headlines from Underdog News:
Greece – The collapse of Democracy
Another triumph for the political elite
The EU's democracy deficit widens
A Greek tragedy?