Sunday 18 February 2018

Mary Dejevsky: Medicine will be bitter, but it's only hope of cure

There comes a point, even in the most distressing of tales, where things can hardly become any worse. In this year's euro drama, that point may have been reached between Wednesday night and yesterday afternoon.

When Greek Prime Minister George Papandreou announced that there was to be a referendum on the eurozone rescue package, the response of other EU leaders was consternation. The rage of the deal's two leading architects, Angela Merkel and Nicolas Sarkozy, was palpable when they appeared together soon afterwards.

The usually unflappable German Chancellor had gone to all the trouble of steering advance approval through a restive German Bundestag -- and for what? The French president was seeing a minutely prepared spectacle of pre-election statecraft -- "his" G20 summit in Cannes -- smashed to smithereens before his very eyes. And there was an entirely unapologetic Papandreou, talking about democratic mandates and popular consent.

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