Markets Slide After Surprise Referendum Is Set By Greece -- New York Times
ATHENS — European markets slid dramatically on Tuesday after Prime Minister George A. Papandreou stunned the continent's leaders with a surprise announcement late Monday that his government would hold a referendum on a new aid package for Greece.
The proposed ballot measure would put Greek austerity measures — and potentially membership in the euro zone — to a popular vote for the first time, risking Mr. Papandreou's political future and threatening even greater turmoil both among the countries that share the single currency and further afield.
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