[lbo-talk] Greek Referendum Plan Threatens Government

[ken hanly]

 Anyone know why Papandreou called this referendum after struggling mightily to pass the deal in parliament. Is he wanting to retire?

Cheers, ken
 

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From: c b <cb31450 at gmail.com>
To: lbo-talk <lbo-talk at lbo-talk.org>
Sent: Tuesday, November 1, 2011 11:18:50 AM
Subject: [lbo-talk] Greek Referendum Plan Threatens Government

http://online.wsj.com/article/SB10001424052970204528204577011452028738504.html
Like · · a few seconds ago

         Greek Referendum Plan Threatens Government

        more in World »
        BY WILLIAM BOSTON, NOEMIE BISSERBE AND COSTAS PARIS

        LONDON—Greek Prime Minister George Papandreou's call for a
referendum on a freshly minted bailout package rattled European
officials and global markets, sparking warnings that the move could
force the collapse of the Greek government and push the country into a
destabilizing default on its sovereign debt.

        The decision opened a rift within the ruling Socialist party,
with one lawmaker resigning from the party in disagreement with the
referendum and another one calling for early elections.

        "The party is in major turmoil," a senior socialist party
official said. "I can't exclude more desertions today, which will lead
to early elections."

        Mr. ...

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