Greece Calls Referendum on New Bailout

It’s not over yet.  The Greek government has put the terms of the new so-called bailout to a referendum.

It will be rejected.

And then what?  Where does that leave Europe?  Discredited.  In disarray.

More importantly for us, where does that leave Ireland?  ONly today, we paid anothe bilion euros to unsecured creditors in Anglo-Irish Bank.  Debts the Irish people did not incur.

 

http://www.reuters.com/article/2011/10/31/us-greece-referendum-idUSTRE79U5PQ20111031

2 thoughts on “Greece Calls Referendum on New Bailout

  1. Oh those crazy Greeks, whatever will they do next? Even funnier is the market reaction of panic at the mere whiff of that Hellenic invention, democracy.

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