Bye Bye George Papandreou

[chef]

Greek Prime Minister George Papandreou is to go to the country's president where he will offer to stand down to allow a coalition government to take power.

from bbc news

The referendum is then expected to be scrapped and then what?

Never a quiet day in Greece

[doodab]

It's probably best for everyone.

What was he thinking?

[EternalOptimist]

It's probably best for everyone.

What was he thinking?

Papendopodopolousus -'I know, this is a democracy. lets ask the people'

EU Beaurocrats -'Fck that'

[petergriffin]

But the European Commission said if Greece left the European single currency, it would have to leave the European Union as well.

"The treaty doesn't foresee an exit from the eurozone without exiting the EU," spokeswoman Karolina Kottova told a briefing in Brussels.

Either the BBC or this Polish hairdresser Karolina Kottova are talking tulip. No member state can be forced to leave the EU.

[MarillionFan]

And how does the market see this news??

Barclays just jumped from 1% down to 7% up. [shakes head smiley in disbelief]

[TimberWolf]

It's probably best for everyone.

I thought the Germans might have glimpsed a glimmer of hope with recent developing events, with Greece seemingly on course for removing itself from handouts for perpetuity.

[TimberWolf]

And how does the market see this news??

Barclays just jumped from 1% down to 7% up. [shakes head smiley in disbelief]

Gold's up a bit too.

[Arturo Bassick]

If a large wooden horse appears outside the European Commission don't wheel it inside!

[suityou01]

from bbc news

The referendum is then expected to be scrapped and then what?

Never a quiet day in Greece

If the referendum is revoked I'd expect more riots.

[doodab]

Papendopodopolousus -'I know, this is a democracy. lets ask the people'

Dear Stavros, would you prefer:

a) ten or more years of public sector austerity in return for some loans from the EU
b) no pay, no pension, social disintegration, the army on the streets but you'll get to tell your grandchildren you stood up to those nasty Germans