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.
Yesterday world markets went haywire over Greek Prime Minister papandreou's unilateral decision to hold a referendum on the term of the Greek bail-out deal. The more measure reaction of European opinion formers today is less panicked. (Spencer Platt/AFP/Getty Images)
Greek Prime Minister Papandreou's decides to hold a referendum on the terms of the country's bail-out.