The real question is to know why has the Greek Minister of Finance formally cancelled the Referendum on the EU announced by the Prime Minister, Mr Papandreou ?
Is it to obey the orders of President Sarkozy and Chancellor Merkel and the EU ? Or is it in preparation for the next step this coming weekend when Greece, after the Banks have closed for business, will announce its withdrawal from the EURO and a Devaluation ?
Speculation is always rife !!!
In all events the withdrawal from the Referndum is already a defeat for democracy. In addition one should realize that nothing can be attained without the agreement of the Greek electorate.
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