If true, quite a surprise report in Greece newspaper Kathimerini(via @lorcanrK):As pressure from Greece’s foreign creditors and austerity-weary citizens mounts on the government, Prime Minister George Papandreou is considering calling for a referendum on whether Greece should continue to tackle its debt crisis within the eurozone or by exiting the single currency.
A bill submitted in Parliament, paving the way for a referendum to be carried out, is to be discussed in coming days.
There’s a lot to be sceptical on in this report.
First of all, it doesn’t seem obvious (at least from our perch) that the pro-Euro side would win, giving Papandreou a huge mandate. Certainly the brutal austerity problems are not popular.
What’s more, it’s weird for this to come out amid Greece’s efforts to get more cash, since a departure from the euro would not be in the country’s creditors.
Tomorrow’s followup call between The Finance Minister and the Troika should be interesting.
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