As one might expect, since this is the topic of the upcoming European Union meeting, this is triggering some new chaos and concern. That said, the euro is losing some strength but it's not as dramatic as one might expect. Is a referendum really so bad? Having the full consent (or dissent) of the voters is not unreasonable since the voters have already been routed by the political class who created this mess. Greek Finance Minister Evangelos Venizelos isn't wrong to be panicked over what may or may not happen, but all of the choices are hard to like. More from Venizelos.
Having an immediate picture of the situation in Europe and around the world, I have a duty to tell the Greek people the full and simple truth: If we want to protect the country we must, under conditions of national unity and political seriousness and consensus, implement without any delay the decision of October 26.
Now, as soon as possible.” Defending the decision to hold a referendum as his government seeks a mandate from the people, he called for an end to internal battles between Greece’s main parties.
“Internal political balances and the future of individuals and political parties of this country is not what matters.
