Conservative daily Die Welt writes:
“At the end of the eventful day, the redemptive message came: Papandreou would withdraw his referendum because conservative Greek opposition leader Antonis Samaras declared he was ready to vote for the aid package with the government and take part in an interim national unity government……”
“But the reasons behind this welcome development did not lie in Athens, but in Cannes. There, Merkel and Sarkozy bet the house when they took the Greek prime minister to task. They didn’t just say that payments to Greece would stop until the Greeks made it clear they would hold up their end of the bargain. They also insisted that the Greek referendum would essentially be a vote on Greece’s membership in the euro zone — the really big question. The politicians in Athens decided they’d rather not take the risk.”
Filed under: UK & Europe Tagged: debt crisis, euro-zone, Greece, referendum, unity government
