Papandreou Holds On, Referendum Canceled
Tweet
Share
E-mail
The situation is Greece continues to dominate market headlines, with the focus Thursday on the fate of Prime Minister George Papandreou and his call for a referendum on the latest bailout.
Amid speculation of his ouster, Mr. Papandreou addressed the country saying he will remain as Prime Minster and explained the details surrounding the referendum. He said the referendum was not his first choice but has created a "positive shock."
With or without Mr. Papandreou in power, there has been tremendous pressure on the debt-ridden country to cancel the referendum. Bowing to this pressure, Greece Finance Minister Venizelos confirmed that Greece will not hold a referendum on the latest EU bailout agreement.
Amid speculation of his ouster, Mr. Papandreou addressed the country saying he will remain as Prime Minster and explained the details surrounding the referendum. He said the referendum was not his first choice but has created a "positive shock."
With or without Mr. Papandreou in power, there has been tremendous pressure on the debt-ridden country to cancel the referendum. Bowing to this pressure, Greece Finance Minister Venizelos confirmed that Greece will not hold a referendum on the latest EU bailout agreement.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Criteo Is Said To Attract Vista Equity-backed Takeover Offer - Bloomberg
- Retail investors largely unaware of SEC semiannual reporting proposal
- Raymond James cuts Delta and JetBlue ratings ahead of Q2 earnings
Create E-mail Alert Related Categories
General News, Market Check, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
