We take note of the intention of the Greek authorities to hold a referendum. We are convinced that this agreement is the best for Greece. We fully trust that Greece will honour the commitments undertaken in relation to the euro area and the international community. The Presidents of the European Council and Commission have had a telephone conversation with Prime Minister Papandreou. The Presidents are in contact with members of the Eurozone and will continue to be in the margins of the G20 meeting in Cannes.
Among other things, the statement is quite vague about the status of what Greece agreed to at the latest Summit to End All Summits on October 27. Which puts the self-congratulatory tone at the end of that summit (see photo above) in sharp relief. How long more can the EU function with the same pathetic leadership?
Photo: EU Council photo service.
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