You work so, so hard to get a deal done that can stabilize your skittish currency market, living through the beginnings of a recession, but at least not imploding the entire thing. Then...then the leader of the country that has agreed to the structure of the debt-eating and artificially economic propping of their entire country comes out and says that he's going to let his country's voters vote on ratification of the deal the other countries fought amongst themselves to give them.
Voters? The stability of the Eurozone is being left to the voters of Greece?
Merkel and Sarkozy, the respective leaders of Germany and France, are taking a tough stance with Greece at this time. Whether it's talk or has teeth might bear out if their hand must be shown if the Greek voters turn down the deal. They've reported that Greece will be bounced from the Eurozone if they turn down this deal.
While that might help the immediacy of the situation, Ireland and Portugal would be next in possibly getting the boot (or booting themselves), and then it gets worse. Spain and Italy most likely would be far too gone to simply leave the Eurozone, they'd most likely crash.
Not to pick on Greek voters...I don't think the complexity of the financial system, while unfair and set up by people who don't want anyone to know how it works, should ever be left to the masses for a vote.
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