Michelbach Says Widening Euro Area Spreads Papandreou’s Fault

German Christian Social Union lawmaker Hans Michelbach, the party’s senior representative in the finance committee in the lower house of parliament, said Greek Prime Minister George Papandreou is to blame for widening euro region government bond spreads and has cast doubts on Greece’s reliability as a euro member by announcing a referendum on a new bailout package.

Michelbach made his comments in an e-mailed statement.

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