THE BIGGEST BOMBSHELL OF ALL: Greek PM Papandreou Has Gone Rogue

Papandreou

With the announcement of a big new referendum on the latest Greek bailout, one thing is looking increasingly more likely.

Greek PM George Papandreou has gone rogue.

Not only are questions circulating about how his ego caused the referendum, it looks like Finance Minister Evangelos Venizelos never even knew that Papandreou was going to put the bailout to a popular vote.

Meanwhile, turmoil seethes within Papandreou’s ruling PASOK party. One PASOK MP has already resigned over the referendum decision and six more have called for Papandreou’s resignation, according to eKathermirini.

Reuters is also reporting that the opposition party is threatening snap elections instead of a referendum.

REMINDER: Here’s Who’s Freaking Out Now That Greece Will Hard Default >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

moneygame-us