Essential Reading to Understand The Headlines

Wednesday, November 2, 2011

Greece Surprises Everyone with Referendum Vote on Financial Aid

In a stunning decision, Greece puts the help offered to it by Germany and France into a referendum vote unsettling the markets and plunging the financial industry into turmoil. In a deal hailed by the rest of the world just a few days ago has now become somewhat of a curse for the world markets.

Greek PM calls referendum on new EU aid deal | Reuters http://reut.rs/rEy7pt

Greek vote would be on euro membership: Finnish minister | Reuters http://reut.rs/w2c2sv

Papandreou’s bailout strategy unnerves European leaders - The Globe and Mail http://bit.ly/t3QyPc

AM - Sharemarkets dive after Greek announcement 02/11/2011 http://bit.ly/u0J2GT

BBC News - Asia markets fall on Greece fears after referendum call http://bbc.in/vbceiE