Greek gov’t teeters on bailout referendum
Updated by the side of 9:44 a.m. ET ATHENS, Greece – burden mounted Thursday in lieu of Greek Prime Minister George Papandreou to resign and agree to a union government approve a European bailout arrange in its place of holding a risky referendum on it. Papandreous proposal earlier this week to leave the hard-fought bailout package to a referendum horrified Greeces international partners and creditors, triggering turmoil stylish economic markets when investors fretted larger than the outlook of a disorderly default and the countrys exit from the 17-nation eurozone. Papandreous prospects, reports CBS News correspondent Allen Pizzey, are looking increasingly dim. He might well lose his perception larger than his brazen decision to call a referendum.