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PM Hints at Referendum Over Austerity Plans

Prime minister said Monday he will consider holding a referendum on further cutbacks essential for the loan-dependent country to continue drawing on funds from an international bailout, amid persistent anti-austerity protests.
“I am prepared, for the great changes that we are putting forward, to use even the institution of a referendum, for the broadest possible consent or opinion,” George Papandreou told his ministers during a marathon informal Cabinet meeting that ran for more than seven hours.
Negotiations between Greece and its international lenders on a new bailout package are not yet complete and the coming days and weeks are critical to the country’s future, PM said
Papandreou has been trying to quell dissent within his own governing Socialists as well as widespread anger among Greeks furious that a year’s worth of painful cutbacks have failed to produce the expected results.
(source: ap)

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