Greek Referendum Spooks Markets

    BERLIN, GERMANY - SEPTEMBER 27:  Greek Prime Minister George Papandreou speaks to the media prior to talks with German Chancellor Angela Merkel at the Chancellery on September 27, 2011 in Berlin, Germany. The two leaders are meeting to discuss the current Greek debt crisis that is threatening the stability of the Euro two days before the Bundestag is scheduled to vote on an increase in funding for the European Financial Stability Facility (EFSF).  (Photo by Sean Gallup/Getty Images)

    Sean Gallup / Getty Images

    Markets around the world took a dive Tuesday on fears that Europe’s debt deal could disintegrate. In the U.S., the Dow and Nasdaq each opened down more than 2 percent. Greek prime minister George Papandreou said yesterday that his nation will hold a referendum on the European Union’s bailout package, saying it’s up to the people to decide whether to adopt the deal. The package would give the cash-strapped nation $182 billion, but also imposes unpopular austerity measures that analysts say could further threaten the eurozone. A survey Saturday showed that nearly 60 percent of Greeks see the new EU bailout as negative or probably negative.

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