Thursday 3 November 2011

Chaos In Europe As G20 Members Voice Frustration Over Greece's Changing Positions On It's Debt Deal




Greek Farce! PM Calls Off Referendum And Refuses To Quit In Eurozone Fiasco -- Daily Mail

* George Papandreou's fate will be decided by no-confidence vote in Greek Parliament tomorrow

* Greece finance minister breaks ranks with Papandreou
* Country could face enforced bankruptcy and ejection from the euro
* China refuses to invest in euro stability fund until situation is resolved

The Greek eurozone bailout fiasco descended into total farce this afternoon as Prime Minister George Papandreou apparently called off his plans for a referendum.

After an emergency Cabinet meeting, Papandreou also announced that he had no intention of resigning, leaving his fate to tomorrow's no confidence vote.

The remarkable about turn left some commentators claiming it had all been a ploy to get the Opposition to support the euro bailout.

It is believed his Pasok party will now speak to with the main Opposit [...]



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