W, C & C

George PapandreouAfter all the negotiation of last week, of the leaders of the Euro zone countries, putting together a bail out (or is it bale out) plan for Greece, it was unbelievable that the Greek Prime Minister announced a potentially deal breaking referendum.

One of Uncle Ken’s favourite quotes is “A great inner revolution in just a single individual will help achieve a change in the destiny of an entire society and, further, will cause a change in the destiny of humankind.” Well I’m not sure that George Papandreou has actually had an inner revolution, or that the change in destiny is quite that envisaged by Ken’s quotation, but it is frightening that just one man’s decision can wipe billions off the world’s stock markets at a single stroke.

George Papandreou has, without doubt, courage in abundance. I do however fear that it is not matched by equal measures of wisdom or compassion. I fear that his decision was taken for personal reasons, in an attempt to bolster his flagging political popularity, rather than as an attempt to secure a deal of control, over their financial destiny, for the Greek people.

From the newsreel footage from across Europe today. It is clear that Minister Papandreou has done immeasurable damage to his popularity amongst his peers, though for him, that may be an inconsequential aside. I hope that the Greek people see the bigger picture, realise that Europe is trying to help them out of a state of bankruptcy, but that hope may just be pie in the sky. Time will tell whether they grasp the chance to control their own futures at the expense of the rest of the world.

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