Breaking News Alert
The New York Times
Thursday, November 3, 2011 -- 12:46
PM EDT
-----
Greek Prime Minister Calls Off Referendum on Bailout
Plan
Saying that the plan had served its purpose by creating a broader
national consensus behind the European Union debt relief deal for his country,
Prime Minister George Papandreou of Greece said on Thursday that he was calling
off a controversial plan to hold a national referendum on the deal.
The
announcement followed word earlier in the day from the leader of Greece’s main
opposition party that he would reverse course and back the debt deal, which
imposes new austerity measures on Greece, saying it was unavoidable. Mr.
Papandreou still faces a confidence vote in the Greek Parliament on
Friday.
Read
More:
http://www.nytimes.com/2011/11/04/world/europe/greek-leaders-split-on-euro-referendum.html?emc=na
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