After promising his people a referendum on the bailout plan for their economic crisis, Greek Prime Minister George Papandreou had to go home from Cannes and tell them that Angela Merkel and Nicolas Sarkozy vetoed it. The Germans control everything, the French roll over, and the Greek government is just a puppet. You know, European history.
Not only is the referendum dead, so is Mr. Papandreou politically. He’s promised to resign and give way to a coalition government that will approve the bailout without that pesky referendum.
Who was the genius who decided to hold the G-20 meeting in Cannes this time around? It’s not a film festival, people, it’s a worldwide economic crisis.