Greek Referendum Is On

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.

Comments

[orkneylad]

 Smells Like the Final Countdown:

http://www.youtube.com/watch?v=rr06IyWMf4Y

[Hannibal]

"Greek Referendum Is On".....

Exercising real Democracy.

[Gief Gold Plox]

What are the chances of this being used as a bargaining chip cometh the next meeting with Merkozy?

As in "I want a better deal or you can kiss a non credit event good-fucking-bye" ?

[AGORACOM]

A much more plausible theory than Pap suddenly became a man of the people

[TheAkashicRecord]

Greek referendum spooks investors, may chill economy

The proliferation of economy in its current form is contingent upon the will of the people not being followed - read the headline in between the lines, it is very telling.  

"Will of the people spooks international finance cartel, may relax the hold that the financiers and central planners have on the balls of sovereign individuals and countries"

[JLee2027]

The only real question now is WHEN will the referendum be held? I read some speculation about January.  That is ludicrous. How about a week ?

[TheAkashicRecord]

There has to be adequate time to spread propaganda. 

[deebee]

Maybe G-Pap wants to worm out of the responsibilities attached to his bailouts by pinning default on Greek voters (if they vote for it).

How are the holders of Greek bonds feeling at this point?

[zuuuueri]

special rush order from diebold to greece!

[Whittaker]

I'm glad they're having a referendum.  But I think that only people who vote in favor of the bailout/austerity plan should be bound by it.

[Element]

I don't know why they even want people to have a vote ... it's just not Greek, damn-it!