Wall Street Journal
November 1, 2011
Embattled Greek Prime Minister George Papandreou has called an emergency cabinet meeting later Tuesday amid an open revolt in his Socialist party that could topple his government.
"Papandreou is trying to control a growing revolt in the party after the defections and calls for him to resign. The future of the government may be decided at the cabinet meeting," a senior party official told Dow Jones Newswires.
The political drama in Athens began unfolding late Monday after Papandreou's decision to call a referendum on a freshly minted bailout package for Greece. On Tuesday it sent shock waves across European governments and markets, sparking warnings that the move could push the country into a disorderly default on its debts and destabilize the entire euro zone.
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