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Greece drops referendum plan

Greece drops referendum plan
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First Published: Fri, Nov 04 2011. 05 03 PM IST

Greece’s finance minister Evangelos Venizelos. Photo: Bloomberg.
Greece’s finance minister Evangelos Venizelos. Photo: Bloomberg.
Updated: Fri, Nov 04 2011. 05 03 PM IST
Athens: Greece has dropped its plans to hold a controversial referendum on the country’s euro zone membership, which had threatened to plunge the bloc into a crisis, the country’s finance ministry said on Friday.
Greece’s finance minister Evangelos Venizelos. Photo: Bloomberg.
Finance minister Evangelos Venizelos made the pledge in telephone calls made to Eurogroup chairman Jean-Claude Juncker, European Commission’s Economy and Monetary Affairs chief Olli Rehn and German finance minister Wolfgang Schaeuble, the Greek finance ministry said in a statement.
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“Venizelos informed his interlocutors about the decision to not hold a referendum,” the statement said.
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First Published: Fri, Nov 04 2011. 05 03 PM IST