Papandreou Signals He Won’t Call Vote on Greek Euro Membership

Greek Prime Minister George Papandreou signaled he won’t call a referendum calling into question Greece’s membership of the euro, saying he will reach out to the opposition about forming a transitional government.

Just hours after saying Greeks need to decide on whether their future is in the euro, Papandreou said the country belongs in the currency bloc. He welcomed support shown by the main opposition New Democracy party for last week’s rescue agreement agreed with EU leaders in Brussels.

Papandreou commented to his ministers in Athens today, according to an e-mailed transcript of his statements.

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

To contact the editor responsible for this story: John Fraher at jfraher@bloomberg.net

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