Tuesday 1 November 2011

Markets in freefall after Greece calls shock referendum on cuts which threatens to SINK Euro bailout

Daily Mail
#FTSE 100 falls 3.4 per cent after opening
#Germany's Dax falls by 6.2 per cent
#French CAC-40 falls 5.9 per cent
#Dax, Nikkei, Dow Jones and Nasdaq also tumble
#59 per cent of Greeks think deal is ‘negative’
#'No' vote could prompt country's exit from the Euro
#228-year-old US brokerage MF Global goes bankrupt due to euro bonds
#First Greek referendum since 1974 when monarchy was abolished
#Chinese warn hopes of 'red knight' riding to slay euro debt dragon are 'misplaced'
#Experts warn of second global recession and social unrest
#Comes as UK growth figures 'better than expected'

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