The Greek referendum

Looks like Prime Minister Papandreou has given in to pressure and will be taking the whole package 'deal' proposed by Brussels to a referendum. The austerity measures that come with the 'solution' to the financial crisis have hot the general population extremely hard so it is very unliklely that any referendum would return a vote which approves the reforms, in which case Greece will revert to the Drachma and default on its debt meaning that the markets would then collapse. What a bloody stupid system we have!!