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Greek leader pushes ahead on referendum

Government teeters; world markets slump

By Derek Gatopoulos and Elena Becatoros
Associated Press / November 2, 2011

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The Greek government teetered and stock markets around the world plummeted yesterday after a hard-won European plan to save the Greek economy was suddenly thrown into doubt by the prospect of a public vote. One day after Prime Minister George Papandreou stunned Europe by calling for a referendum, the ripples reached from Athens, where some of his own lawmakers rebelled, to Wall Street, where the Dow Jones industrial average plunged almost 300 points.

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