Cde Monomotapa wrote:Jamani wrote:ecstacy wrote:50/50 - The Greeks want a referendum...some markets tanking
Global markets have fallen on the shock news that Greece wants a referendum on the eurozone bailout deal.
both ways their real economy is still contracting. At some point and that's soon everyone, including us, will go back to minding their own business.
Quoted from SKYNEWS...
Markets around the world have fallen following the news that Greece wants to stage a referendum on the bailout deal designed to rescue the eurozone.
The FTSE 100 Index opened more than 2% lower, while Germany's Dax (Xetra: ^GDAXI - news) was 4.3% down and the Cac (Frankfurt: 924169 - news) -40 in France lost more than 3%.
European stocks were down close to 3% overall and MSCI's all-country world stock index shed 1.7%.
Meanwhile, the Greek markets shed more than 6% on their opening.
Traders were reacting to Monday's announcement by Greek Prime Minister George Papandreou that he would put his country's bailout to a public vote.
It immediately cast doubt on the eurozone's plan to hand Athens 130bn euros and arrange a 50% writedown on its huge debt.