Greek PM Cancels Bailout Referendum

...but tomorrow's confidence vote will still occur
By Newser Editors and Wire Services
Posted Nov 3, 2011 9:59 AM CDT
Greek PM Cancels Referendum: Officials
An EU and a Greek flag are for sale as tourists walk in Plaka district of central Athens on Wednesday, Nov. 2, 2011. latest rescue package.   (Petros Giannakouris)

It's official: The Greece prime minister has scrapped his plan to hold a referendum on the latest European debt deal. George Papandreou reversed himself after his political opponents agreed to broad austerity measures in exchange for the bailout. "The government announces formally that we are not carrying out a referendum," said the nation's finance minister. Papandreou still faces a confidence vote in his government tomorrow and has rejected calls to resign and hold an early election. (More Greece stories.)

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