So the Greeks appear to have lit the blue touch paper under the Euro project, by the crazy notion of asking the people what they think about a huge financial deal before signing up to it. Yet again the idea of a referendum seems to be throwing the euro-project into chaos and confusion, it would seem that democracy is as welcome to the eurocrats as water to the Witch of the West. There’s a lovely concise live(ish) blog of the “crisis” over at the FT (H/T Katabasis).
The choices facing the Greeks seem to be a referendum or an early election – I imagine if there’s an early election there’ll be an awful lot of things signed before then. Just in case someone gets in on a promise of a referendum or not signing up to the euro-cooked up agreement. Mind past expereince suggests that if the Greeks vote the wrong way they’ll just be given more chances to vote until they get it right – at least the ballot printing companies will do well out of it.
Interesting times, indeed – I can’t help but hope it blows up on Saturday just for the poetry of it.
