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Greece planning a referendum on debt agreement

Associated Press / November 1, 2011

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Taking a huge political gamble, Greece’s prime minister announced Monday that his debt-strapped country will hold a referendum on the new European debt deal reached last week - the first such vote in 37 years. Prime Minister George Papandreou appeared to take many lawmakers by surprise by saying that a hard-bargained agreement that took months for Europe’s leaders to hammer out will be put to a public ballot. He gave no date or other details on the proposed referendum, which would be the first in Greece since 1974, when the monarchy was abolished by a landslide vote months after the collapse of a military dictatorship.

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