Market watchers will be braced for more turmoil Wednesday, after the cabinet of Greek Prime Minister George Papandreou gave its unanimous support to call for a referendum on the European plan to bail out the country's debt-ridden economy.
A spokesperson for the Greek government said cabinet ministers had agreed in a marathon meeting to hold the referendum "as soon as possible," after the details of the debt deal have been hammered out.
Earlier, Papandreou's call for a nationwide plebiscite on the debt deal and Greece's role in the European Union rattled global stock markets.
For more: CTV Edmonton - Greek cabinet backs European bailout referendum plan - CTV News
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