GREECE -- LATEST ON REFERENDUM

 The same fast-talking reporter on CNBC who called Popandreou a genius for calling a referendum on their EU bailout, thus getting the opposition to the table, just reported that the referendum is called off....and a vote of confidence will be called. Great reporting! Opposition leader says he's been betrayed by Popandreou.

Seems once again American and Greek governments can be compared -- presidential dysfunction,   dishonesty, subterfuge and more. Unions cause big problems, but their patron saints in government are worse.

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