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Another minefield in Papandreou's plan is corruption in the political sphere.
In Papandreou's case, it seems his mistake was suggesting that he dare consult the electorate.
The second thing in Papandreou's favour is that if Europe is a problem for Greece then Greece is actually an even bigger problem for Europe.
A vote of confidence in Papandreou's reshuffled cabinet is scheduled for Tuesday, and a parliamentary vote on the next round of austerity measures is expected next week.
Anything that takes another single occupancy car off of San Francisco's streets is a benefit to the city, in Papandreou's opinion.
David writes: The referendum fell because of a revolt against it in Papandreou's own party, led by the Finance Minister, Evangelos Venizelos.
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The conservative opposition leader Antonis Samaras has ruled out participating in a transition government if Papandreou is in it.
The Greens, with 2.5%, failed to cross the 3% threshold to win seats in parliament.Mr Papandreou lived in Sweden as a teenager his father took refuge in Stockholm after his exile by the country's military junta and studied in America and Britain.
Last week, as the Greek parliament began debating a new round of austerity measures – demanded in exchange for further aid – and ruling Pasok party MPs began defecting in disgust, Papandreou's days in power seemed increasingly numbered.
Assuming office in the middle of the crisis, in 2009, Papandreou's tenure has been a precarious balancing act of trying to satisfy the draconian demands of the EU while dealing with the increasing unrest and economic misery of his people.
But since the crisis erupted in Athens within months of his government assuming office in late 2009, Papandreou said his compatriots had been persistently portrayed as profligate and lazy when the problem was as much about the country's structural flaws as the inherent weaknesses in a monetary union whose "architecture is incomplete".
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