Greece Calls Another Referendum

The uncertainty in the Greek markets returned due to the loose ends of the agreements treated last week in Brussels. The lack of clear objectives regarding how the European Fund of Stability will increase and the doubts about the removal of the Greek debt by a 50% made that the European stocks closed in negative.

Greek Prime Minister Yorgos Papandreu had doubts about the immediate future after the announcement the new referendum in the upcoming weeks. The citizens demonstrated their contempt about the second rescue approved by Brussels since it ascends a sum of 130,000 million of euro.

The popularity of Papandreu has been seriously affected by the continual cutbacks and economic measures taken. A recent poll published last Saturday showed that 60% of the Greeks consider the new rescue of the EU as negative. (AV)