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EURO CRISIS

Reinfeldt: Greek referendum "no" could endanger Euro membership

Publicerat tisdag 1 november 2011 kl 12.50
Greek PM Papandreou speaks in Athens. Photo: Thanassis Stavrakis/Scanpix

"A "no" could lead to a discussion about whether Greece can remain in the Euro zone, " Swedish Prime Minister Fredrik Reinfeldt told Swedish Radio News:

The referendum was announced by Greek Prime Minister Giorgos Papandreou yesterday, causing his nation's stock exchange to plummet 6 percent.

It caused similar downturns at many other major European stock exchanges.

The referendum won't be held until New Year's Day, at the earliest.

 The Swedish prime minister think it adds further insecurity in a time of severe financial crisis. He also cited doubts about whether Greece can make sufficient reforms.

"A recurring critique is that what is promised isn't delivered, that Greece isn't doing enough to match the depth of the problems."

Reinfeldt also added: "Greeks feel they are forced to accept hardship but at the same time it is a country which already relies on money from abroad to pay its public sector workers. It is a very difficult situation."

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