We do not know anyone who professes to be against Democracy. Cliches about the wisdom of crowds are ubiquitous in most cultures. Whether the desires of the masses coincide with those of their leaders, however, is a different story.
Whether because he is tired and wants to wash his hands in a Pilatean gesture or because he believes his own rhetoric, Georgios Papandreu has apparently decided to ask his people whether they approve the latest bailout package (and the corresponding austerity measures). Although we consider predicting the outcome of such a complex even to be a fool's errand, we'd like to point out that:
(1) the European constitution failed when the French voters, much to the surprise of their politicians, rejected the proposal.
(2) It was the Argentine middle class, tired of the austerity measures, and not the IMF, who eventually pulled the plug in their debt crisis.
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