Ghee, the EZ has more problems. Overnight Italian bonds grew to 6.2% and an Irish bond bailout purchase postponed because of Greece.
The referendum, as it stands right now, will be about the proposed bailout package and NOT about whether or not to stay in the euro.
Also it seems that by the time the results of the referendum, to be held mid December, are known Greece will have defaulted.
It is therefore possible that the referendum could be boycotted by millions of voters thus confusing the markets even more (if that were possible).
A rudderless boat of clueless leaderless leaders going round faster and faster in ever decreasing circles on a debt filled Mediterranean Sea until the whole thing disappears up it's own fundamental orifice: the euro the EZ and all.
