Papandreou on need for Greek euro referendum EURACTIV

Greece is with its back up against the wall after Germany and France on Wednesday evening told the Greek Prime Minister that his country will not receive EU bailout money until it decides on whether it wants to stay in the Eurozone or not.

German Chancellor Angela Merkel and French President Nicolas Sarkozy delivered this message in conference in Cannes, where G20 leaders are meeting on Thursday and Friday.

Greek prime minister Papandreou was summoned to Cannes after his shock announcement that the Greek government plans to hold a referendum on the European plan to save his country from bankruptcy.
Papandreou said a referendum on the euro can take place as early as the 4th of December.
It remains very unclear if it will actually happen. If the Greek parliament on Friday rejects the plan for the vote, then Papandreou will be forced to step down as Prime Minister and new elections will have to be held.

Papandreou on need for Greek euro referendum
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