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greek referendum News

Op-Ed: The 'Yes' side won the Greek referendum

Athens - Greeks rejected a proposed deal that their government had put to a referendum rather than accept. The same government is now agreeing to negotiate an agreement that will bring even more austerity and harsher conditions.

Op-Ed: Paul Krugman applauds the Greek referendum on Troika offer

Athens - Paul Krugman, the American liberal economist, has been consistently critical of the austerity program demanded by the Troika as a condition of releasing the final funds of the Greek bailout that expires on June 30.

Angela Merkel suggests Greek referendum on euro membership

German Chancellor Angela Merkel has reportedly suggested to Greek President Karolos Papoulias that a referendum on Greece's position in the eurozone be held at the same time as the nation's second elections on June 17.

Papandreou refuses to resign, drops referendum

Athens - Greek Prime Minister George Papandreou has decided not to resign but to ask for a coalition government. Having dropped the idea of a referendum he still has to face a parliamentary vote of confidence on Friday which may result in his downfall.

Greece: Papandreou to resign

Athens - Greek Prime Minister George Papandreou is expected to tender his resignation on Thursday following the decision of European leaders to cancel the November bail out in wake of calls for a referendum.

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