The hysteria at The Financial Times continues to mount after Papandreou's announcement that his government would hold a popular referendum on the EU's new bail-out. The Financial Times seems to be echoing with absolute baldness the pro-ECB, IMF, World Bank crowd's contempt for any elected official that might be weak enough to be swayed by their voters:
“With an irresponsible opposition that is promising Greek voters the moon, it is very difficult to see how this referendum could be won,” added Sony Kapoor, head of Re-Define, an economic consultancy. “The decision is good for democracy but is likely to make the euro crisis worse by heightening uncertainty in this very fragile environment.”
http://www.ft.com/intl/cms/s/0/68748490-03f5-11e1-98bc-00144feabdc0.html#axzz1cUsfHbPh