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Die Zeit Says Greek Referendum Widely Accepted

According to the newspaper ‘Die Zeit’  there are many who have, since Monday, been posing the question, ”Has the Greek prime minister gone crazy?”  An article of the newspaper answers this above mentioned question, commenting on the recent decision taken by the Greek Prime Minister.

“Papandreou merely recognized that  he will have just as much trouble selling last week’s bailout package to the Greek public as he has the radical austerity path his government has followed. Greece’s debt crisis has long since become a crisis of democracy. Given this situation, Papandreou decided to take the option of last resort”, according to the article.

Moreover, it is underlined that the Prime Minister finally wants some clarity, and not least to discipline the destructive opposition in his country. Therefore it wouldn’t be just bitter irony if he were to lose in the parliamentary vote of confidence or later in the referendum. It could also be very expensive for Europe.

Additionally, the article emphasizes that predictions that Greek voters will reject the debt haircut are too premature. Most know that their country would have been bankrupt in November without bailout measures. But they also know that the ‘haircut’ from Oct. 26 also won’t protect them from being scalped in the end. It’s clear to everyone that the rigorous austerity measures that are strangling their future prospects will continue.

Finally, “it is certain that if the Greek PM loses the ‘game’ of referendum, then we will be assured that this decision was not true from its beginning. But in the case that Papandreou wins, then he will be declared to be a great European politician and our country will make a great progress”, the article concludes.

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