Greek Prime Minister George Papandreou is backing off plans to hold a controversial referendum on an international bailout for his country, he told his Cabinet on Thursday, saying there was no need for it given opposition support for the tough austerity measures that accompany it.
Papandreou caused shock this week when he announced the referendum that would have allowed the Greek people to reject the hard-won eurozone debt deal that seemingly put the bricks in place for the economic salvation of the continent. French President Nicolas Sarkozy said Wednesday that Greece would have to leave the group of 17 nations that use the European single currency if the country and its people failed to accept austerity and other measures that formed part of the bailout plan. Thursday's developments came as leaders of the world's financial powerhouses met in Cannes, France, for the Group of 20 economic summit. The G-20 meeting was scheduled to address adding confi dence and stability to the global economy, but the Greek crisis has dominated so far. U.S. President Barack Obama, in France for the summit, said: "The most important task for us is to resolve the financial crisis here in Europe." ----- I Believe What I Believed... Sent from my Gerobakz® Mobile Network -----Original Message----- From: [email protected] Sender: [email protected] Date: Thu, 3 Nov 2011 14:22:52 To: <[email protected]> Reply-To: [email protected] Subject: Re: [saham] PM Yunani mundur? What next? Papandreou mundur diganti papademos, papah loreng seneng pastinya Sent from my StrawBerry® without shortcake -----Original Message----- From: Made Surya Kumara <[email protected]> Sender: [email protected] Date: Thu, 3 Nov 2011 19:40:53 To: <[email protected]> Reply-To: [email protected] Subject: [saham] PM Yunani mundur? What next? Sumber: http://www.bbc.co.uk/news/world-15575198 Greek Prime Minister George Papandreou is expected to offer his resignation within the next half-hour, sources in Athens have told the BBC. Mr Papandreou will meet Greek President Karolos Papoulias immediately after an emergency cabinet meeting has finished. He is expected to offer a coalition government, with former Greek central banker Lucas Papademos at the helm. Mr Papandreou himself would stand down, the BBC understands. The Greek government was on the verge of collapse after several ministers said they did not support Mr Papandreou's plan for a referendum on the EU bailout. The bailout would give the heavily indebted Greek government 130bn euros (£111bn; $178bn) and a 50% write-off of its debts, in return for deeply unpopular austerity measures. On Thursday, main opposition leader Antonis Samaras of the centre-right New Democracy party called for a caretaker government to safeguard the EU deal. Shadow over G20 Mr Papandreou had called a vote of confidence for Friday. His Pasok party holds a slim majority, 152 out of 300 seats. However, he was faced with a parliamentary revolt after several of his MPs withheld their backing. Some called for early elections or a government of national unity instead. The row threatens to overshadow a meeting of the G20 in Cannes, where leading industrialised nations are to discuss the eurozone debt crisis. Mr Papandreou told reporters in Cannes his referendum would in effect be a vote on whether Greece should remain in the euro. But the European Commission said if Greece left the European single currency, it would have to leave the European Union as well. "The treaty doesn't foresee an exit from the eurozone without exiting the EU," spokeswoman Karolina Kottova told a briefing in Brussels. Earlier, the chairman of the group of eurozone countries, Jean-Claude Juncker of Luxembourg, said plans were in place for a Greek exit from the euro. "We are absolutely prepared for the situation that I have described and do not want to see come about," Mr Juncker told German ZDF television.
