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Tag Archives: referendum

Referendum Backfires: No 6th Aid Tranche Until After Greeks Vote YES

 “Blackmailing” has turned into major strategic tool among EU leaders and IMF technocrats and the ‘shock’ referendum proposal of Greek PM George Papandreou seems to backfire. It blocks the release of the six aid tranche of 8 billion euro for the payment of pensions and wages. CANNES, France(Reuters) – The European …

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G20 “Blocks” Political Developments in Greece

The invitation of French President Nicholas Sakrozy to Greek PM George Papandreou had a catalytic role in the political turmoil that broke out in Greece after Papandreou announced a referendum on the loan-agreement of October 26th. With no exception all opposition parties rejected the planned referendum and retiated their demand …

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Greece: Dramatic Political Developments – Live Blogging

The atmosphere within Greece’s governing party PASOK seems to be extremeley thick and Ministers come now and openly oppose the referendum or distance themselves after the fierce reactions by opposition parties and public. It looks as if PM Papandreou had not informed the cabinet on this decision, but just a few …

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Athens Stock Exchange Plunged -6.92% on Referendum

The Athens Stock Exchange suffered heavy losses of -6.92% in the aftermath of the referendum announcement on the loan-agreement on Monday evening by PM George Papandreou. The General Index closed qt 782.65 unit and the total volume was 75.72 million euro. Stocks on the banking sector suffered the heaviest losses …

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Europe, IIF “freeze” over Greek Referendum…

I guess the IMF is speechless too. So far there has been not official statement to the decision of Greek prime minister George Papandreou to put the new loan agreement in a referendum. Formally, the response of the representative of the European Union Carolina Kotova was “no comment” and “We …

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Greek PM Calls Referendum Over “Haircut”-Agreement

Greek prime minister George Papandreou announced referendum over the October 26th, 2011 Loan-Agreement  (“Haircut”-Agreement) stunning the public. It was the PM’s answer to all criticism by the opposition, the society and even some of his own deputies, the request for early elections and/or government of national unity. Speaking to parliamentary …

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Greek PM: We had 3 Options-Default, Eurozone Exit, Bailout

Greece prime Minister George Papandreou revealed for the first time he was considering the options of “default” and “exit the eurozone” but that he finally picked up the “bailout”.  Speaking at the Greek Parliament during the debate for the vote of confidence, Papandreou announced a referendum for ‘important changes’ among …

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