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 nationâ€™s membership in the euro zone.
â€œGreeceâ€™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,â€œ 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.
â€œA unity government passing the austerity package as well as general elections seem plausible outcomes,â€ they said. â€Both scenarios imply that no referendum will take place.â€
Shouldn’t the people of Greece have a say in this? Apparently not, according to some.