Papandreou’s Do Or Die Moment: Failure Could Mean Euro Breakup
- Wednesday, November 2, 2011, 2:04
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The European rollercoaster continues. Only a few days after global markets rallied on news that Eurozone leaders, with Merkel and Sarkozy leading the march, agreed on a new comprehensive package to eliminate systemic risk, bail out Greece again, and recapitalize banks, Greek Prime Minister George Papandreou called for a confidence vote and a referendum on the new bailout and further austerity measures.
http://www.forbes.com/sites/afontevecchia/2011/11/01/papandreous-do-or-die-moment-failure-could-mean-euro-breakup/