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Concern over Greek bailout referendum

 

The latest deal to tackle the Eurozone debt crisis has been thrown into doubt – after the  Greek Prime Minister announced that the country will hold  a referendum on the EU aid package.

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The vote is seen as a huge political gamble by the Prime Minister George Papandreou who is facing growing opposition inside his party to resist the debt deal.

A confidence vote on the measures is expected to be held in parliament on Friday, with the referendum likely to be held early next year.

A weekend poll revealed that nearly 60 percent of Greeks are NOT in favour of the plan – which will lead to spending cuts and higher taxes.
 

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