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| Greece debt crisis: Referendum promised on EU deal | |
| (40 minutes later) | |
| Greece will hold a referendum on a new European Union aid package intended to resolve the country's debt crisis, Prime Minister George Papandreou says. | Greece will hold a referendum on a new European Union aid package intended to resolve the country's debt crisis, Prime Minister George Papandreou says. |
| Mr Papandreou said a vote of no-confidence would also be held on the deal - but no dates were set. | Mr Papandreou said a vote of no-confidence would also be held on the deal - but no dates were set. |
| The package envisages losses of up to 50% for private holders of Greek debt and a new 100bn euro loan ($140bn). | The package envisages losses of up to 50% for private holders of Greek debt and a new 100bn euro loan ($140bn). |
| There have been large-scale protests in Greece against the austerity measures introduced by the government. | There have been large-scale protests in Greece against the austerity measures introduced by the government. |
| Mr Papandreou said his government trusted the judgement of Greek voters. | Mr Papandreou said his government trusted the judgement of Greek voters. |
| "The command of the Greek people will bind us", he is quoted as saying by the AFP news agency. | "The command of the Greek people will bind us", he is quoted as saying by the AFP news agency. |
| An opinion poll published on Saturday by a newspaper, To Vima, suggested that the majority of people in Greece viewed the EU bailout package in a negative light. | An opinion poll published on Saturday by a newspaper, To Vima, suggested that the majority of people in Greece viewed the EU bailout package in a negative light. |
| Mr Papandreou has faced growing dissent from within his own Socialist party over the impact of the austerity measures on the country. | Mr Papandreou has faced growing dissent from within his own Socialist party over the impact of the austerity measures on the country. |
| The party's approval ratings have plunged and its parliamentary majority has been cut. | The party's approval ratings have plunged and its parliamentary majority has been cut. |
| The EU deal was reached after lengthy talks last week. | The EU deal was reached after lengthy talks last week. |
| After the agreement was announced there were protests in several cities around Greece. | After the agreement was announced there were protests in several cities around Greece. |