OK, lest there be any doubt, erase it all.George Papandreou has rallied his cabinet to support his national referendum idea, which will see the Greek people vote on EU membership, reform, accepting the bailout.
Matina Stevis of WSJ reports that there’s a 99.999% chance that the vote will take place before Christmas.
But even that might be too late.
Greek newspaper Kathimerini is reporting that the IMF now sees disbursement of the sixth aid tranche in doubt, given the absurdity of this referendum idea, and the delay.
All we know is that the European crisis is far from resolved, and that this weekend’s G20 meeting in Cannes will be a riot.