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Greek Prime Minister Scraps Referendum on European Debt Deal

Thursday, November 3, 2011 15:46
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Two officials close to the Greek prime minister say he has scrapped his plan to hold a referendum on the latest European debt deal for Greece after the main opposition leader said would back it. The two officials said George Papandreou made the comments during an emergency Cabinet meeting Thursday. One also said the premier would not resign despite mounting pressure, and would await the outcome of Friday’s confidence vote in his government. They spoke on condition of anonymity to disclose talks in the Cabinet meeting, being held in Parliament. Earlier, opposition from within Prime Minister George Papandreou’s governing party threatened to derail his proposal for a national bailout referendum, which had halted the flow of European aid to Greece and endangered its participation in the euro zone.

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