Greece debt crisis: Referendum promised on EU deal

Greece will hold a referendum on a new European Union aid package intended to resolve the country's debt crisis, Prime Minister George Papandreou says.

Mr Papandreou said a vote of no-confidence would also be held on the deal.

The package envisages losses of up to 50% for private holders of Greek debt and a new 100bn-euro loan.

Daniel Griffiths reports.