Greece faces meltdown after bail-out vote bombshell

The Greek government faced possible collapse on Tuesday as ruling party legislator demanded Prime Minister George Papandreou resign for throwing the nations euro membership into jeopardy with a shock call for a referendum.Caught unawares by his high-risk gamble, the leaders of France and Germany summoned Papandreou to crisis talks in Cannes on Wednesday to push for a quick implementation of Greeces new bail-out deal ahead of a summit of the G20 major world economies.Reutersreported that six senior members of the ruling PASOK socialist party, angered by his decision to call a plebiscite on the 130 billion euro rescue package agreed only last week, said Papandreou should make way for a politically legitimate administration.A leading PASOK legislator quit the party, narrowing Papandreous already slim parliamentary majority, and two others said Greece needed a government of national unity followed by snap elections, which the opposition also demanded.Euro zone leaders thrashed out Greeces second financial rescue since last year, in return for yet more austerity, in the hope that it would ease uncertainty surrounding the future of the 17-nation single currency.
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