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.
Greece drops referendum
Opposition will back bail-out fund
FILED UNDER: Eurozone crisis