First, I would like to say how hilarious Greece's PM actions were! They sounded so childish and power hungry to me that I believe he deserved this reaction...
The Wall Street Journal:
http://online.wsj.com/article/SB10001424052970203804204577015130025553196.html?mod=WSJ_hp_LEFTTopStories
This evening...Finally, PM Papandreou came to his senses! (With a little help.)
The Wall Street Journal:
http://online.wsj.com/article/SB10001424052970203804204577015130025553196.html?mod=WSJ_hp_LEFTTopStories
I think that it's very clear that George Papandreou's referendum was simply for the sake of power. He wanted to keep control of the matter and retain dignity in the wake of the financial crisis. Unfortunately this action backfired and caused stocks to plummet. I'm sure that bankers and investors are please that the referendum has been lifted. It will be interesting to see how the markets today reflect this change from the referendum.
ReplyDelete