Nicolas Sarkozy warns Greece
French President Nicolas Sarkozy says that the next round of rescue loans will not be paid to Greece, until Greeks vote on whether to accept the terms of the bailout package, international media outlets say.
This is significant, because Greece has said it will run out of money some time this month and the referendum is so far slated for early December.
Greece's Prime Minister George Papandreou threw the European Union into crisis mode when he announced, yesterday, that he would call for a referendum on the bailout. Earlier today, he was summoned for talks with other EU members.
Papandreou agreed Greece's future in the euro was at stake and said a vote could be called on December 4. He did not reveal the wording of the referendum question, but said he was sure Greek voters wanted to stay in the euro.