Greek referendum call hits markets hard (AP)

By admin on November 1st, 2011

People are reflected on an electronic board of a securities firm, which shows the yen-dollar foreign exchange rate, a day after after the Bank of Japan weakened its currency to help Japanese exporters, in Tokyo, Japan, Tuesday, Nov. 1, 2011. On Monday, The Bank of Japan says it sold yen and bought dollars during Tokyo trading in order to pull the yen down from a post-World War II high against the dollar. (AP Photo/Koji Sasahara)AP – Stocks slumped Tuesday on renewed concerns over Europe’s debt crisis after the Greek prime minister unexpectedly called for a referendum on the country’s latest rescue package — a vote that could decide whether Greece remains in the euro currency union.


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