Bureau Chief, Greece & Cyprus
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Nov 3, 2011

Greek finance minister against referendum now-source

ATHENS, Nov 3 (Reuters) – Greek Finance Minister Evangelos
Venizelos opposes holding a referendum on the country’s euro
zone bailout package, a finance ministry source said on
Thursday, breaking ranks with his prime minister.

Prime Minister George Papandreou’s government is already
teetering on the verge of collapse due to a row over his shock
announcement on Monday of a referendum, and two more defections
from the socialist parliamentary group would wipe out its
majority and probably trigger early elections.

Nov 2, 2011

Sarkozy, Merkel to grill Greek PM on referendum

PARIS/ATHENS (Reuters) – Greece’s prime minister faces a grilling from the leaders of Germany and France on Wednesday after fighting to win the backing of his cabinet to hold a referendum on a 130-billion-euro ($178-billion) bailout package.

French President Nicolas Sarkozy and Germany’s Angela Merkel summoned George Papandreou for crisis talks in Cannes, before a G20 summit of major world economies, to push for rapid implementation of measures to tackle the euro zone debt crisis, which Athens has thrown into doubt.

Nov 2, 2011

Greek PM wins over cabinet, next up Merkel and Sarkozy

ATHENS, Nov 2 (Reuters) – Greece’s prime minister won the
backing of his cabinet on Wednesday to hold a referendum on a
130 billion euro bailout package but will find the stunned euro
zone leaders who engineered the deal last week harder to
convince.

Some of his party lawmakers called for him to quit, accusing
him of endangering Greek euro membership with his shock decision
to call a popular vote, a move that pummelled the euro and
global stocks. But the cabinet support at least gives him a stay
of execution before a confidence vote in parliament on Friday.

Nov 2, 2011

Greek PM convinces cabinet, next up Merkel and Sarkozy

ATHENS (Reuters) – Greek Prime Minister George Papandreou fought off a barrage of criticism to win the backing of his cabinet on Wednesday to push ahead with a referendum the government said would take place as soon as possible on a European Union debt bailout deal.

Some of his party lawmakers called for him to quit for jeopardising Greek euro membership with his shock decision to call a popular vote, a move that pummelled the euro and global stocks, but the cabinet support at least gives him a stay of execution before a confidence vote in parliament on Friday.

Nov 2, 2011

Greek PM defies anger to defend referendum plan

ATHENS (Reuters) – Greek Prime Minister George Papandreou said on Wednesday he would push ahead with a referendum on an EU bailout deal, defying demands from lawmakers of his own party that he quit for jeopardizing Greek membership of the euro.

“The referendum will be a clear mandate and a clear message in and outside Greece on our European course and participation in the euro,” Papandreou told a late-night cabinet meeting, according to a statement released by his office.

Nov 1, 2011

Insight: Isolated Papandreou acts alone in referendum gamble

ATHENS (Reuters) – Through grueling euro-summits, he has looked glum, wistful, even isolated; but no-one would have guessed Greek Prime Minister George Papandreou was weighing the announcement that sent shockwaves through Europe on Tuesday.

Even his Finance Minister was kept in the dark until, at a meeting of deputies of his socialist party, he called a referendum on a bailout agreed only last week. What then was the genesis of the plan critics and many allies fear could pitch Greece into financial disaster? Impulse or calculation, albeit it of a kind impenetrable to most?

Nov 1, 2011

Greece risks meltdown after bailout vote bombshell

ATHENS, Nov 1 (Reuters) – The Greek government faced
possible collapse on Tuesday as ruling party lawmakers demanded
Prime Minister George Papandreou resign for throwing the
nation’s euro membership into jeopardy with a shock call for a
referendum.

Caught unawares by his high-stakes gamble, the leaders of
France and Germany summoned Papandreou to crisis talks in Cannes
on Wednesday to push for a quick implementation of Greece’s new
bailout deal ahead of a summit of the G20 major world economies.

Nov 1, 2011

Isolated Papandreou acts alone in referendum gamble

ATHENS, Nov 1 (Reuters) – Through gruelling euro-summits, he
has looked glum, wistful, even isolated; but no-one would have
guessed Greek Prime Minister George Papandreou was weighing the
announcement that sent shockwaves through Europe on Tuesday.

Even his Finance Minister was kept in the dark until, at a
meeting of deputies of his socialist party, he called a
referendum on a bailout agreed only last week. What then was the
genesis of the plan critics and many allies fear could pitch
Greece into financial disaster? Impulse or calculation, albeit
it of a kind impenetrable to most?

Nov 1, 2011

Greek referendum deepens euro zone crisis

ATHENS (Reuters) – The leaders of France and Germany scrambled on Tuesday to limit damage after Prime Minister George Papandreou decided to let Greeks vote on a bailout package — a move that stunned markets and threw Greece’s euro zone membership into question.

European politicians complained Athens was trying to wriggle out of the 130 billion-euro rescue deal agreed at a summit only last week, concerned not so much about the fate of Greece as the possibly dire consequences for the entire currency union of the referendum.

Nov 1, 2011

Greek referendum ignites German anger, hammers markets

ATHENS (Reuters) – Prime Minister George Papandreou’s shock decision to call a referendum on Greece’s bailout drew veiled threats from Germany on Tuesday and hammered markets edgy over the euro zone crisis.

European politicians complained that Athens was trying to wriggle out of the rescue deal agreed only last week, concerned not so much about the fate of Greece as the possibly dire consequences for the entire currency union.

    • About Dina

      "Based in Athens, in charge of text, pictures and TV teams covering Greece and Cyprus since 2005. Previously based in Bucharest, in charge of Romania and Bulgaria."
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