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Greek PM prepares for showdown with Merkel and Sarkozy tonight

• www.dailymail.co.uk
European Commission President calls on Greek leaders to support the bailout package insisting the alternative would be more painful
Greek cabinet vote unanimously to hold referendum on whether to uphold debt agreement
Generals face sack in Athens as coup rumours spread Papandreou to face confidence vote in Greek parliament on Friday

By James White

The Greek prime minister was today preparing for a tense showdown with the leaders of France and Germany after he announced shock plans to hold a referendum on his country's emergency bail-out.

George Papandreou has arrived in Cannes, France, after securing his ministers' support for the vote in a mammoth seven-hour cabinet meeting last night. The referendum could take place next month.

If Greece rejects the austerity measures - part of a package to stop the sovereign debt crisis spreading, Europe faces being plunged into an economic catastrophe.


Read more: http://www.dailymail.co.uk/news/article-2055872/Greece-referendum-George-Papandreou-prepares-Angela-Merkel-Nicolas-Sarkozy.html#ixzz1cZXZbmLD
 

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