Economy/Business News Alert: Greek Cabinet backs decision on referendum, AP reports

Tuesday, November 1, 2011

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The Washington Post Tuesday, November 1, 2011 9:23:23 PM
ECONOMY/BUSINESS NEWS ALERT

Greek Cabinet backs decision on referendum, AP reports


Greece's government spokesman says a marathon Cabinet meeting has concluded with ministers expressing unanimous support for Prime Minister George Papandreou's surprise decision to call for a referendum on a hard-won European plan to rescue the Greek economy, the Associated Press reports.

Papandreou's referendum announcement was strongly criticized across Europe and caused stock markets around the world to plunge.


Read more at:
http://www.washingtonpost.com/business/markets/referendum-decision-plunges-greece-into-political-turmoil-threatens-government-survival/2011/11/01/gIQAn31acM_story.html



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