No Greek Referendum?

[earthside]

Now CNBC is reporting that a Greek Socialist Party official is saying that there will not be a referendum.

What a debacle.

I would think that the Greek people, given now the notion that they might have a direct voice in the further destruction of their economic lives, might be even more angry if a plebiscite is off the table.

The present government will almost certainly now be replaced or have to call new elections.

But that means confusion and uncertainty in the days and weeks to come.

And as Greeks and other Europeans see that the "big deal" put together by Sarkosy and Merkel means economic dictatorship, I can see much more chaos and social unrest in the future.

[Cali_Democrat]

1. Why do the banksters and politicians fear democracy?

Let the Greek voters decide for themselves if they want to eat the shit sandwich.

[CanonRay]

8. Banks are not Democratic institutions

and Politicians find Democracy very inconvenient.

[PoliticAverse]

2. Did someone think the people get to vote on this ?...

(Only Iceland maybe)

[Lionessa]

3. Prime Minister George Papandreou's call for a referendum

(Reuters) - Prime Minister George Papandreou's call for a referendum on the latest Greek bailout plan has blown a potentially fatal hole in the euro zone's strategy to overcome its sovereign debt crisis.

Whether or not a plebiscite takes place, and whatever the result, Papandreou's gamble guarantees long weeks of political uncertainty just when the 17-nation currency area was desperate for a period of calm to implement remedies agreed last week.

[PoliticAverse]

4. Don't believe what politicians 'call for', pay attention to what actually happens...

And even if there is a referendum is it a binding one or a 'if they agree with the results we'll
accept the referendum otherwise we'll ignore it' one.

[inna]

7. was sure hoping. if anyone deserves a referendum, it's the Greeks, given their level of

participation.

[Lionessa]

5. There will be now. Just announced an hour or so ago.

Cabinet got on board with the PM.

[jeff47]

6. Some party members don't want a vote. That doesn't mean there won't be one.

"Six senior members of Greece's ruling PASOK socialists, angered by Papandreou's decision to call a plebiscite on the 130 billion euro rescue package, said he should make way for a "politically legitimate" administration."

http://www.reuters.com/article/2011/11/02/us-greece-referendum-idUSTRE79U5PQ20111102

Basically, a chunk of the ruling coalition fears that they have to accept the deal in order to remain in the Euro. So they don't want to risk the public voting on the deal, because the deal is unpopular. However, staying in the Euro is popular. So it's not completely clear how the Greeks will vote.