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Greece drops referendum

Opposition will back bail-out fund


 

Greek Prime Minister George Papandreou has dropped plans on Thursday evening to hold a referendum on his country’s future in the eurozone, the New York Times reports. The PM said he no longer saw the need for a popular consultation now that the opposition has said that it supports accepting emergency funds from eurozone countries and the International Monetary Fund. Several commentators are suggesting the referendum was a daring an astute political manoeuvre by Papandreou to force his political enemies to admit Greece has no alternative but say yes to the bail-out.

The New York Times


 
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