Like Ian says.
The Greeks held a democratic vote the weekend before last in which they clearly voted in favour of bankruptcy. Then the prime minister, who emphatically recommended this outcome, but of course without spelling out the truth, decided that bankruptcy might not be so nice after all and that the majority of the electorate might not like it one bit. Democracy can be a funny thing.
Here’s another analogy. Say my family has a mortgage on a grand house that we cannot even begin to afford, so we go to the bank manager and say: “We held a referendum amongst ourselves and voted in a clear majority not to have this debt. We should therefore not be required to honour the loan you gave us.” Whereupon the bank manager says: “That’s not how it works in real life; you have to cut back”. So we call him “anti-democratic” and go off in a huff. Joke, right?
No wonder all the other Europeans involved decided that this ‘partner’ was totally untrustworthy.
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