Here's What's About To Happen To The Greek Government...


Confusion continues to mount over the implications of Greek PM George Papandreou’s call for a referendum on the most recent Greek bailout.

One source on the ground — a Greek trader — says this new proposal is bound to unseat Greece’s government.

He writes:

I believe the present government will be history by the end of this week. Most probably this evening actually, when the already scheduled emergency cabinet meeting is to be held.

The important question to be resolved is whether the present government will be replaced by an interim national unity government for several months ratifying in parliament the Eurogroup decisions of last week and then proceeding with elections, or else whether national elections will be immediately announced with probable dates the 4th or 11th of December.

REMINDER: Here’s who’s freaking out now that Greece will hard default >

Update: And now there’s this >

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