Greece’s Shock on the Institutions’ never-ending proposal: Do Greeks really want this choice?

General view of a debate on the referendum in the plenary session at the Greek Parliament in Athens, Greece, 27 June 2015. Greek Prime Minister Alexis Tsipras called for a referendum on the Greek debt deal on 05 July, during a televised speech late night on 27 June on Greek state TV.


With low odds of anything written about Greece having any residual value 12 hours after posting, we venture a brief update and posit a few questions.

First, any of us who come from countries that prefer some kind of controlled political process have to be impressed by the intensity of Greece’s dramatic pivot to call a Snap Referendum for July 5. The government has stated the Referendum will be a straight yes/no vote on the proposals (actually they are counterproposals) delivered to Greece by the Eurogroup on Thursday.

At this point, Greek government sources have indicated this is the question to be voted upon:

“Greek people are hereby a...

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