France: Greece to be expelled from EU if bailout is rejected

France's European Affairs Minister Jean Leonetti warned Friday that if Greece does not accept the the EU's financial bailout plan, the Mediterranean country will be expelled from the union.

Greek Prime Minister George Papandreou will face a confidence vote on Friday after retracting his plans for a referendum on the bailout agreement, worth (EURO)130 billion ($179 billion). Papandreou sparked a global crisis when he announced the referendum Monday, as investors feared that rejection of the hard-fought debt relief plan would force a disorderly Greek default. (News Agencies)