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Wednesday, 25 May 2011 - Greece considers referendum on austerity: reports |
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    Read more with google mobile : Greece considers referendum on austerity: reports |

    Edition: U.S. Article Comments (0) Full Focus Editor's choice A selection of our top photos from the past 48 hours.   Full Article  Follow Reuters Facebook Twitter RSS YouTube Read Tornadoes leave seven dead in Oklahoma, Kansas | 2:35am EDT Hines Ward scores "Dancing With the Stars" win 12:37am EDT Zuma plans Libya trip to discuss Gaddafi exit: radio | 2:34am EDT San Diego family of 4 found dead in pool and bathtub 24 May 2011 Democrat Kathy Hochul wins upstate New York race 12:11am EDT Discussed 326 Obama and Netanyahu face tense meeting on Mideast 125 As hours tick by, ”Judgment Day” looks a dud 105 Broadcaster silent as Judgment Day hours tick by Watched Deadly Missouri tornado captured on video Mon, May 23 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 The business of managing old age 3:22am EDT Greece considers referendum on austerity: reports Tweet Share this ATHENS (Reuters) - The Greek government is considering organizing a referendum on additional austerity measures after it failed to reach consensus with the opposition, local newspapers reported on Wednesday. Opposition leaders rejected on Tuesday... Email Print Related News EU options for averting Greek default narrow Tue, May 24 2011 Timeline: Greece seeks new tranche of $155 billion loan Tue, May 24 2011 UPDATE 1-Greek PM fails to win political consensus Tue, May 24 2011 Greece steps up sell-offs, lenders add pressure Mon, May 23 2011 UPDATE 6-Greece steps up sell-offs, lenders add pressure Mon, May 23 2011 Analysis & Opinion Lorenzo Bini Smaghi vs Greece The fraught politics facing Lagarde Related Topics World » Greece's Prime Minister George Papandreou arrives to address a cabinet meeting inside the parliament in Athens May 23, 2011. Credit: Reuters/Yiorgos Karahalis ATHENS | Wed May 25, 2011 3:33am EDT ATHENS (Reuters) - The Greek government is considering organizing a referendum on additional austerity measures after it failed to reach consensus with the opposition, local newspapers reported on Wednesday. Opposition leaders rejected on Tuesday belt-tightening measures aimed at averting default as lenders piled pressure on Athens for action and for reaching a broad political consensus before considering any extra help. "According to sources, (Prime Minister) George Papandreou, seeing that a consensus with the head of the main opposition party is not possible along with the very strong objections to new tough measures within (ruling socialist party) PASOK, decided to put on the table the possibility of a referendum," conservative daily Kathimerini said. Government officials declined to comment on the reports, which were front page news in most Greek newspapers. Papandreou is meeting President Karolos Papoulias at 3 a.m. EDT. His office did not say what the meeting would be about. Papandreou often makes comments before or after such meetings. Center left newspaper Ta Nea said the government was considering to organize a referendum on extra austerity if its EU and IMF lenders agreed to lend it more money to plug funding shortfalls for next year. "According to sources, the government is mainly considering the possibility of a referendum to approve a new memorandum, provided that the new 60-billion-euros funding is agreed with the (EU/IMF/ECB) troika, in order to deal with the expected lack of access to markets in 2012," Ta Nea wrote. Paymasters at the European Union have said broad political consensus is necessary for more aid, given the need to plug a funding gap next year. "The big changes for the country are a national necessity. This is the main reason I am seeking the broadest possible political consensus," Papandreou told Greek businesses on Tuesday after the main conservative opposition said it would not back his policies. The conservative New Democracy party, which last year voted against the EU/IMF bailout deal, claims austerity is choking the economy and impeding it from growing out of its debt mess. (Reporting by Tatiana Fragou and Angeliki Koutantou; Writing by Ingrid Melander) World Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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