A Greek bearing gifts.

The article focuses on the political repercussions of Greek prime minister George Papandreou's call for a referendum on a debt deal that is intended to stop the ongoing European debt crisis in 2011. It states that French President Nicolas Sarkozy has said Greece will not receive any money from the European Union until uncertainty on the debt deal is cleared up. It suggests that only the European Central Bank can finance vulnerable but solvent large debtors such as Italy and Spain.