Wednesday, November 2, 2011

EU Threaten Greece With Expulsion If Bail-Out Is Refused



Greece Will Be Cut Adrift If Bail-Out Is Refused, Says EU -- The Telegraph

Greece last night faced the threat of bankruptcy within weeks after the EU said it would not provide any more funding to the beleaguered country unless it agreed to support the euro bail-out.

The Greek government is expected to be unable to pay wages for state workers and pensions next month without a planned injection of £8 billion of EU cash.

George Papandreou, the Greek prime minister, met his French and German counterparts ahead of today’s G20 summit of world leaders.

Mr Papandreou has called a referendum on whether the Greek public supports the bail-out. The decision has plunged the rescue into turmoil.

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More News On The EU/Greece Debt Crisis

Greece to Determine Euro Membership in Vote
-- Bloomberg
Greek Premier Pledges Vote on Europe’s Debt Deal -- New York Times
G20 leaders to meet amid Greek fears -- BBC
France and Germany Ask Greece to Respect Euro Bailout Plan -- Voice of America
France, Germany give Greece ultimatum on euro -- Reuters
Greece’s Euro Membership to be Put to Vote -- Bloomberg
HIGHLIGHTS-Comments by policymakers at G20 in Cannes -- Reuters
Timeline: Greece's debt crisis -- Reuters

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