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Ear to the Ground

Greek PM: Never Mind the Referendum

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Posted on Nov 3, 2011
Wikimedia Commons / Department of Defense

Or how about we don’t do that?: George Papandreou, seen here at the Pentagon in 2002, when he was Greece’s Minister of Foreign Affairs, reneged on his plan to hold a bailout referendum. Now he could use a bailout.

Greek Prime Minister George Papandreou appeared to be losing his grip on both his country and his job on Thursday, as reports circulated that he had scrapped his surprise call for a nationwide referendum on the bailout plan proposed by eurozone leaders following last week’s emergency summit in Brussels. Although his political fate remains uncertain, Papandreou’s attempt to play to the opposition without losing the option of help from neighboring nations clearly backfired.  —KA

Update: Reuters reports more details of the mounting Greek crisis, including warnings of disciplinary action coming from France and Germany. 

BBC:

Mr Papandreou offered to hold talks with the opposition to seek consensus on the deal, adding that the referendum was never an end in itself.

Four ministers, including influential Finance Minister Evangelos Venizelos, opposed the referendum and there were calls for the prime minister to resign.

EU leaders say Greece cannot get bailout cash until it agrees the deal.

Earlier the BBC reported that the PM was preparing to resign but state TV said he had ruled this out.

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By SmilingAhab, November 4, 2011 at 9:13 pm Link to this comment
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If Papandreou allows these cut-to-the-bone neoliberal austerity measures to go through, he will create in his nation the conditions perfectly to create a national resistance on par, or quite possibly shadowing the uprising of Papadopolous. He had better be very careful in choosing where his allegiences lie. He has a chance to return his people to the principles of social democracy, even though they might be cast out. They are already pariahs to a brown-fearing Europe. They can retain their pride, and their national character, sans the rampant insider deals and corruption, and try to return their economy to a semblance of stability with a (albeit severely reduced) drachma, or he can bow to the transnational banker tyrants occupying Greece, and create such resentment amongst the Greek people that blood and thunder will be inevitable.

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By Robespierre115, November 3, 2011 at 5:36 pm Link to this comment

The Greek masses must smash the old state and replace it with a revolutionary people’s government.

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By Jim Yell, November 3, 2011 at 2:34 pm Link to this comment
(Unregistered commenter)

The momentary flicker of democracy in Greece and already it has been turned over by the grasping greed of the filthy rich. Why do the poor always get to take a pay cut, but the rich always get a raise, even when they are doing nothing to justify the huge amount that they still would make if they played by the rules and paid fair wages? 

The sad thing is so many in labor, blue or white collar, who arekeeping their heads down, are cutting their noses off to spite their faces. We only need to return to the balanced captialism we previously had before the jerks in suits were allowed to buy the government and subvert everything, but profit. To hell with them all.

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By YoungGringos, November 3, 2011 at 2:00 pm Link to this comment

Democracy has gone out of style. 

Totalitarianism is the new black.

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By Blueokie, November 3, 2011 at 11:59 am Link to this comment

Papandreou must have been mistaken when he thought he was in a democracy
and the people should have a say about being thrown into destitution for the sake
of Wall Street and their European toadies.  Can’t you just imagine the call from the
banksters minions in Germany and France-“Did you not see what happened in
Libya, remember, Wall Street’s 7th Fleet is still around and looking for something
to do.”

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