Earlier we brought you some brilliant commentary from Jefferies David Zervos on the matter of George Papandreou’s new referendum scheme.This paragraph really stood out to us:
It is a basically another Greek blackmail scheme. The Greeks, led by Papandreou’s father, executed a blackmail scheme back in 1985 when they withheld a vote for Spanish and Portuguese membership in the EEC. Ultimately they received 30b in EU funds for a yes vote. This type of action is very typical of Greek political leaders – like father, like son.
Given this, we almost feel embarrassed for everyone that this sudden turn of events wasn’t predicted.
When reading texts from the time, it’s impossible not to get a sense of Deja Vu.
See this passage on the economic situation from the book Iberia and Latin America: new democracies, new policies, new models found via Google Books
Or this from the book Frontiers of Europe: A Transatlantic Problem
Once a mess, always a mess.