The political troubles of Greek Prime Minister George Papandreou mounted on Thursday after his finance minister publicly opposed a plan to tie a referendum to the nation’s membership in the euro zone.
“Greece’s position within the euro area is a historic conquest of the country that cannot be put in doubt … [and this] cannot depend on a referendum,“ said Evangelos Venizelos, Greek finance minister and deputy prime minister, in an early-morning statement issued following his return to Athens from Cannes, France.
Analysts at Danske Bank noted that Papandreou is rapidly losing support, which may open the door for a unity government.
“A unity government passing the austerity package as well as general elections seem plausible outcomes,” they said. ”Both scenarios imply that no referendum will take place.”
Shouldn’t the people of Greece have a say in this? Apparently not, according to some.