Andrew Neil recons they'd struggle to hold a referendum anyway as they haven't done one since the 70s and just don't have the infrastructure in place to do such a snap vote with so many rural, remote and island based polling needed.
With the supposed capitulation by the PM, it may have just been a threat, as he and we know the one thing the EU despises the most is direct democracy, it simply does not have a good record of getting its way when it asks the people.
The referendum is one for the Greek government to decide on. It's really nothing to do with the EU, much as most despise them. If they don't have the referendum, I don't think we can blame the EU. I'd blame the completely incompetent Greek leader, Tsipras. If you vote in an idiot, don't expect anything other than idiotic leadership.
Merkel appears to be saying that she wants the referendum to go ahead. I suspect that she wants the Greeks to leave the Euro.
Indeed it looks like his bluff is being called.
Bumping this thread as the title might be relevant again come Monday.data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
Summer sale in the stock market so plenty of long term bargains to be haddata:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
A crash might be on the way -
Why Are So Many People Freaking Out About A Stock Market Crash In The Fall Of 2015? | Zero Hedge
Good news for long term investors then.
"Economists have highlighted that the Chinese officials might be trying to force a bottom in the Chinese markets [...]"
Source: China market mirroring 1929 crash: Analyst
I guess we'll never understand these strange Chinese uses of bottoms.
As long as the World Economy does not completely crash and burn in a 1930's Economic Depression kind of way.
It's always come back so far data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7 Long term.
It's looking dicey, we are still in a sovereign debt crisis.