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German Minister Says no Going Back on Greek Bailout

As Europe demands an explanation from Greece’s prime minister for his decision to hold a referendum on the latest EU bailout, voters are warned that a rejection of the rescue plan is a rejection of the euro all together.
Germany’s foreign minister issued a warning to Greece on Wednesday, saying the bailout package agreed to by European Union leaders last week cannot be renegotiated if it fails in a referendum scheduled for the coming months.
“The whole program we just agreed last week cannot be placed back on the table,” Westerwelle told reporters in Istanbul on the sidelines of a conference on Afghanistan. He added that Greece could not expect financial help from the bloc without making sacrifices.
“Every country in the EU does its own homework, which means reforms are necessary.”
The comments came less than 48 hours after Greek Prime Minister George Papandreou announced plans to hold a referendum on the country’s latest bailout by the EU. Greek Interior Minister Haris Kastanidis said Wednesday that the vote could be moved up from January to December.
(source: DW)

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