Greek PM Papandreou 'ready to drop' bailout referendum
Found on BBC News on Thursday, 03 November 2011
His announcement of a referendum angered European leaders and sent shockwaves through its markets.
New Democracy leader Antonis Samaras said Mr Papandreou had "nearly destroyed Europe and the euro" with his call for a referendum.
Mr Papandreou told the gathering the referendum on the deal was never an end in itself, and there were two other choices - an election, which he said would bankrupt the country, or a consensus in parliament.
This is a neverending story. Politicians keep making promises which are reverted weeks later. Nobody in the EU will have to pay for other countries they said. Now they do. There won't be a haircut for Greece. Now there will be. Let's see when Greece will leave the EU and drop the Euro. That would have been the best solution from the start; especially since they lied about their finances when joining the EU. If such a little player like Greece can make the EU stumble so much, then it's time to re-think the idea of merging markets too much.