From Spiegel Online International:

Not even a day after [German Chancellor Merkel] and French President Nicolas Sarkozy suspended aid payments to Greece pending the results of a bailout referendum called by the government in Athens, Prime Minister Giorgios Papandreou has backed away from his plan.

And this, from the Greeks’ own government:

On Thursday, Papandreou [yielded] to demands that he enter into negotiations with the opposition on the formation of a cross-party caretaker government. Shortly thereafter, plans were scrapped to hold the controversial referendum….  Papandreou’s own finance minister broke ranks.

The people will not be allowed to speak on the matter, save through continued riots.  And their own government will not hear them.

Greek democracy, RIP.