The Greek parliament has approved a referendum to decide whether to accept the latest bailout terms offered by the country’s creditors. It will come too late and ask the wrong question.
This is a vote that Prime Minister Alexis Tsipras should have called at least a month ago -- if it were an honest effort to let the Greek people make a democratic choice on where their future lies, which it is not. As it is, the July 5 referendum will be so rushed as to be flawed in principle, and will come after the current bailout program expires. Indeed, it may come after Greece has already suffered a banking collapse.
