Greece pulls plug on referendum

Greece has postponed plans to hold a referendum on the European debt deal thrashed out by ministers last week after the country's opposition leader publicly backed the proposals.

According to the Financial Times, Greek Prime Minister George Papandreou said he has postponed plans for a referendum in January. Opposition leader Antonis Samaras has called for Papandreou to step down, and for a caretaker government to be installed to handle the political crisis. Papandreou has refused to resign, despite mounting pressure, according to reports. Tomorrow Papandreou faces a parliamentary confidence vote on his government.