In an unprecedented move, Greek Finance Minister and Government Vice President Evangelos Venizelos on Thursday announced to parliament that the popular referendum on the latest bailout program was cancelled.
Venizelos took the floor right after Prime Minister Papandreou, who did not explicitly say the referendum was off. Speaking to his cabinet earlier, the prime minister had merely said he was willing to consider cancelling the vote, since main opposition party, New Democracy, stated it would approve the new lending agreement.
Venizelos was very clear: "The government and the country announce officially that there will be no referendum." He stressed that the primary goal for Greece is now to regain credibility and reverse the negative climate worldwide.
For more: MNI | Greece's Finance Minister Says Referendum Is Cancelled
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