Greece: Incredibly Bad Leadership

As I write this the BBC is reporting that Greek Prime Minister George Papandreou is about to resign, after his spectacular leadership debacle of calling a referendum on the EU financial bailout for Greece.
       Mr. Papandreou has instantly become the "poster child" for non-leadership, or un-leadership. What leader in their right mind would hand back to the people the decision whether to go into default as a country, and to trigger the fall of a 16-country currency (the euro)?
       In my opinion it is difficult to find many leaders in any political system at the moment. The lack of political leadership from the U.S. to Europe to Asia and beyond is striking, and has caused major problems in the world's economies. But Mr. Papandreou has drifted to new lows in leadership incompetence. His best leadership decision now is to resign.