November 2, 2011

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France's Liberation on Greek crisis - LE CHAOS

Leading French newspaper Liberation made an extensive report on the Greek economic crisis as well as what happened to global financial markets following Prime Minister George Papandreou's decision to call for a referendum asking Greek citizens to vote on whether or not they want to accept the new EU bail out package and all its measures, or exit the Eurozone and return to the drachma. 

Papandreou’s announcement spooked some investors, who feared a public vote would jeopardize the carefully-crafted deal. Sources claim that French President Nicola Sarkozy is rather irritated with Papandreou’s “irrational” decision and has left it to be understood that the announcement “surprised all of Europe.”.

All but Germany's press which actually agree with Papandreou's decision. Spiegel published an article entitled "Papandreou Is Right to Let the Greeks Decide".

It kind of makes you wonder.... Is Germany working on its own, or for the benefit of Europe?

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