surprise move in greece that may delay or even derail the european debt deal and threatens the entire world economy. the greek cabinet ended a seven-hour meeting early this morning by agreeing to the prime minister s call for a referendum on the debt deal but also calls for the prime minister to resign. he faces a confidence vote on friday. the news that greece might reject the bailout sent stocks tumbling. japan s nikkei fell 2.2% this morning and that follows a big sell-off yesterday on wall street. the dow lost nearly 300 points and is up now just a half percentage point for the year. the nasdaq dropped 77. susan mcginnis is in washington with more on this. good morning, susan. reporter: good morning, betty. this announcement has hit the global markets very hard. the big fear is that a no vote by the greek people could completely unravel this european deal that took european leaders and banks so long to reach. ahead of tomorrow s g-20 summit, french president sarkozy and
also calls for the prime minister to resign. he faces a confidence vote on friday. the news that greece might reject the bailout sent stocks tumbling. japan s nikkei fell 2.2% this morning and follows a big sell-off on wall street. the dow lost nearly 300 points and is up now just a half percentage point for the year. the nasdaq dropped 77. susan mcginnis is in washington with more on this. good morning, susan. reporter: good morning, betty. this announcement has hit the global markets very hard. the big fear is that a no vote by the greek people could completely unravel this european deal that took european leaders and banks so long to reach. ahead of tomorrow s g-20 summit, french president sarkozy and merkel are holding a meeting today to head off the crisis. the greek prime minister surprised everyone by announcing the european deal to save his own country would have to be approved by greek voters. the announcement sent world markets tumbling. the worst case scenario