Nov 3




A double crisis summit before the true summit! This is the shock treatment that Europe has inflicted over the last hour due to Greek crisis. Completely disrupting the predetermined agenda, European leaders met late Wednesday afternoon in Cannes on the eve of the official opening of the G20, to try to restore order in their home. The foundations of the euro have been greatly shaken by the surprise decision by Greek Prime Minister George Papandreou, to submit the agreement between EU leaders in Brussels on October 27, in a referendum. Called to come and explain this decision, the Greek ruler walked away from Cannes late Wednesday night.

In a press conference, Angela Merkel and Nicolas Sarkozy have shown a very high severity, both in form and substance. "We will not let destroy Europe and the euro," commented Nicolas Sarkozy.The Greeks have to say quickly and clearly if they choose or not to keep their place in the euro area. "

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Nov 2




The decision was surprised by its form. Under pressure from his people and political parties, George Papandreou, the Greek prime minister, announced Monday night to organize a national referendum. Formally, it is to approve the agreement reached last week by the Europeans to clear part of the country's public debt. But in fact, the flexibility of George Papandreou was too small for the government to continue implementing the reforms. "The country is paralyzed for over a month. On the one hand all of the political demand for elections, on the other there is the street. Between working to rule and those that slow the activity, no one works, "said Giorgos Delastik, a political analyst. "It must be added those who can not afford to pay their bills, and violence in the behavior of people who have nothing to lose us fast cash."Indeed, for the first time since the return of democracy in Greece in 1974, the National Day parade was canceled in fifteen cities. In Thessaloniki, in northern countries, tens of Greeks threw eggs and projectiles on official incentives Karolos Papoulias, President of the Republic to leave. In a letter to Prime Minister, Mikis Theodorakis, symbol of resistance to the junta of colonels also called George Papandreou to take responsibility.

This has now changed. In front of the Socialist parliamentary group, Greek Prime Minister did not mince his words: "The will of the Greek people appealing to us," said Papandreou. It will also seek a confidence vote in Parliament on the agreement on debt.

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