Friday, 4 November 2011

GREECE CANCELS THE REFERENDUM; WHY ?


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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