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The Colum McGrath Breakfast Show

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Greek PM faces showdown with EU leaders

The Greek Prime Minister is due to arrive in Cannes later ahead of a meeting with the French and German leaders.

Overnight, George Papandreou’s cabinet unanimously backed his proposal to hold a referendum on the latest Eurozone bailout deal, announced just last week.

The suggestion caused panic in the markets yesterday, amid fears that the vote could put the rescue plan at risk.

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