Greek Referendum Is On

Tyler Durden's picture

Contrary to rumors that the entire referendum will be called off, and be replaced with elections instead, it appears that it won't be, and instead, per the BBC, will progress based on G-Pap's fatal assumption that the public will actually vote for the bailout, the loss of sovereignty, and perpetual austerity. Via Bloomberg:

  • Papandreou Adviser Sees Greek Public Backing Bailout Plan: BBC

and it's official:

  • GREEK GOVERNMENT SPOKESMAN TOLKAS SAYS REFERENDUM TO GO AHEAD

Good luck.