Greece can’t distract us from cutting the deficit

JUST when we were starting to believe that things couldn’t possibly get any more uncertain, and on the contrary, that the most recent Greek deal and euro rescue plan were starting to throw up some light on the horizon, the whole world has gone crazy once again.

The decision by the Greek prime minister to put the latest Greek rescue plan to the people in a popular referendum — although this may now be in doubt — has certainly thrown the whole EU project into a state of chaos once again.

At one level it is hard to blame George Papandreou for taking such action.