Thursday, November 03, 2011

a tempting offer

senior members of greek prime minister george papandreou are calling for him to resign if i were prime minister papandreou, i would jump at the chance. there is no upside at all to staying in power in greece right now. whatever happens, whether the government shoves another round of harsh austerity measures on the greek people to assure that international banks get paid off, or a greek default and divorce from the euro, neither is going to go well for whoever is sitting in that PM chair. papandreou has proposed a referendum, thus showing the greek people that he actually gives a shit about what they think. if the pushback against the referendum is too great, resigning might actually allow him to salvage some kind of legacy.