Beware of Greeks not bearing gifts but calling referendums

In order to try and safeguard his own political position because presumably he was hoping for re-election, Greek Prime Minister George Papandreou called a referendum on the bailout despite a majority of Greeks saying that they would reject it (though 50% of Greek debt was to be written off). Maybe he was gambling that though 60% of the Greek electorate was against the EU deal, 70% were in favour of remaining in the Euro. Hence, after their all-too-imaginable explosion of fury, France and Germany tried to browbeat Papandreou into framing the plebiscite question as an in-or-out of the Euro poser. But with the Greek finance minister attacking his own boss and other memebers of the ruling party resigning, the Greek government is about to collapse which will result in a fresh general election that could ve very unwelcome for efforts to save the Euro. Let it be made clear. The default and/or withdrawal from the Euro of Greece will, despite its relatively small size in the grand scheme of things, send economic shockwaves across the world. Never was the saying that but for a nail, the kingdom was lost ever more true.