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  • Greece’s cabinet backs PM’s referendum on EU debt rescue package

    Published on November 2, 2011

    Greece’s cabinet has given unanimous backing to the proposal by Prime Minister George Papandreou to hold a referendum on EU debt rescue package. The announcement shocked political leaders. Mr Papandreou is due to meet European leaders in France today. Meanwhile, Stock markets recorded big drops amid shocked reactions in eurozone capitals to the referendum announcement.

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