Last week the people of Greece and France voted against austerity. In the days that followed, the markets, global investors and speculators cast their ballot. They drove the euro and shares downwards and interest rates on government bonds upwards. For their part economically powerful European nations emphasised that their tough agreement with Greece could not be unpicked if it wished to remain in the Eurozone.
What happens next in Greece’s case is far from certain. As this is being written talks are proceeding between
