eurozone

Out of context: Reply #34

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  • 20120

    Greek Prime Minister George Papandreou insists that a referendum on a EU bailout will go ahead despite turmoil on world markets and stunned reactions from other eurozone countries.

    The surprise announcement of a referendum - to be held at a date yet to be decided - led to sharp falls on European and US markets on Tuesday.

    It threatened to unravel a deal reached at a EU summit last week aimed at resolving the euro debt crisis.

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