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Papandreou Says Greece’s Place in Euro Was at Risk

Prime Minister George Papandreou said he didn’t want Greece’s position in Europe undermined and the nation’s financial crisis was a ‘guinea pig’ for the European Union.

The decision on whether to hold a referendum was the government’s and not the European Union’s, Papandreous said during a confidence debate televised live on state-run Net TV in Athens today.

Papandreou said he would have asked the Greek people to vote on the terms of an Oct. 26 accord with the EU and not on whether the nation should remain in the euro region.

A rejection of the Oct. 26 agreement would have forced Greece to exit the euro, he said.

To contact the reporter on this story: Maria Petrakis in Athens at mpetrakis@bloomberg.net

To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net

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