Wednesday, November 2, 2011

Greece in meltdown: Government on edge of collapse amid fears of coup as Europe teeters on the brink of financial disaster

JAMES WHITE
UK Daily Mail
November 2, 2011

Europe was teetering on the edge of disaster last night as fears grew that the Greek government is about to collapse.

Markets nosedived around the world, with billions wiped off the value of Britain’s leading firms, as Athens announced extraordinary plans to sack its military leaders amid rampant speculation that it was trying to head off a coup d’etat.

‘It’s all over. The government is about to collapse,’ said one Greek official. Greece’s former deputy finance minister Petros Doukas agreed: ‘The **** has hit the fan.’

Greek ministers this morning voted unanimously for a referendum on the bailout deal to take place in December, backing the proposal made by Prime Minister George Papandreou as he fought to save his own skin.

Their vote came at the end of a seven-hour emergency cabinet meeting, during which Mr Papandreou said: ‘The referendum will be a clear mandate and a clear message in and outside Greece on our European course and participation in the euro.

Full article here: http://www.dailymail.co.uk/news/article-2055872/Greece-referendum-George-Papandreou-prepares-Angela-Merkel-Nicolas-Sarkozy.html

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