Beyond returning to the scene of the crime - Euro membership - as Mr. Sarkozy would have it .....
Not sure this inspires great confidence:
Papademos will now have to deal with an issue that he acknowledged a year ago. Last Nov. 10 he said that while fears Greece would restructure its debt were overestimated, they couldn’t entirely be ruled out. In May, he told the Wall Street Journal that “haircuts” for holders of Greek debt should not be part of a rescue package. The accord agreed to on Oct. 26 by European leaders includes a 50 percent writedown of Greek debt.
http://www.bloomberg.com/news/2011-11-10/papademos-who-took-greece-into-euro-must-now-save-country-s-membership.html
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