Greece: Papandreou’s All-In Bet

Democracy? In Greece? Investors and political elites squawked in early November at the prospect of ordinary Greeks getting a chance to vote in a referendum on the latest austerity package handed down to them by foreign powers. The betting was that angry citizens would reject the deal, jeopardizing ...

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Athens. Cafes are full in Athens, and droves of tourists still visit the Parthenon and go island-hopping in the fabled Aegean. But beneath the summery surface, there is ...