Greece's cabinet has unanimously backed Prime Minister George Papandreou's call for a referendum on the Greek bailout. Papandreou is due to hold emergency talks with other euro zone leaders later Wednesday.
France's president Nicolas Sarkozy and German Chancellor Angela Merkel arrive for a joint press conference at the Elysee presidential palace in Paris on August 16, 2011 after a meeting between the two leaders on debt crisis. (Patrick Kovarik/AFP/Getty Images)
All politics is local - even when the global economy is collapsing around your ears as David Cameron and Angela Merkel are finding to their irritation.