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Europe

LIVE: Greek crisis dominates G20 Cannes summit

Text by FRANCE 24

Latest update : 2011-11-03

The Greek debt crisis is topping the agenda at today’s G20 summit in Cannes after Prime Minister George Papandreou announced Thursday that the country would hold a referendum on its bailout package. Follow the day’s events on our live blog.

Overview of the day's events:

- The G20 summit is being largely dominated by the Greek crisis, despite the country not being a member.
- Nicolas Sarkozy has said that Greece will not receive "one cent" if it breaks away from the eurozone via PM Papandreou's planned bailout referendum.
- The Greek prime minister rejected pressure to resign, warning that early elections would lead to an exit from the euro, and instead pledging to negotiate with the opposition conservatives.
-The French president told a press conference that European leaders “cannot accept the explosion” of the euro and welcomed Greece's decision to scrap a referendum on the Oct 27 European bailout.

Date created : 2011-11-03

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