Wall Street markets are suffering huge falls this morning as fears grow that Europe's plan to save the euro will unravel

<p><p style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"><span style="font-size: medium;"><span>Wall Street markets are suffering huge falls this morning as fears grow that Europe's plan to save the euro will unravel before it can even kick in.</span></span></p><p style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"><span style="font-size: medium;"><span>Greek Premier George Papandreou said he will put Greece's bailout through a referendum, throwing the long-awaited deal into disarray.</span></span></p><p style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"><span style="font-size: medium;"><span>Financial markets around the world have tumbled in reaction to the shock announcement today and U.S. stocks have also fallen at the open.</span></span></p><div class="artSplitter" style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"><span style="font-size: medium;"><img alt="Wall Street: Financial markets around the world have tumbled in reaction to the shock announcement and U.S. stock futures are down on Tuesday" class="blkBorder" height="492" src="http://i.dailymail.co.uk/i/pix/2011/11/01/article-2056123-0E9D8C7E00000578-893_634x492.jpg" style="padding: 0px; margin: 0px; border: 1px solid black;" width="634" /></span><p class="imageCaption" style="min-height: 1px; padding: 0px; margin: 0px;"><span style="font-size: medium;">Wall Street: Financial markets around the world have tumbled in reaction to the shock announcement and U.S. stock futures are down on Tuesday</span></p></div><p style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"><span style="font-size: medium;"><span>The Dow Jones opened down 258 points, or 2.2 per cent; the Nasdaq fell 78 points, or 2.9 per cent, and the S&P fell 33 points, or 2.7 per cent.<br /></span></span></p><p style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"><span style="font-size: medium;"><span>‘The market did not see this Greek referendum coming, which is potentially a killer,’ said Vermont investment strategist Paul Mendelsohn.</span></span></p><p style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"> </p><div class="relatedItemsTopBorder" style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"> </div><div class="relatedItems" style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"><h4 style="min-height: 1px; font-size: 1em; padding: 0px; margin: 0px;"></h4></div><p style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"> </p><p style="min-height: 1px; font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff; padding: 0px; margin: 0px;"><span style="font-size: medium;"><span>‘It could knock the wheels off the bus of the whole (Europe rescue) plan.’</span></span></p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: left; background-color: #ffffff;"><br /><br /><br /></span></p>

Wall Street markets are suffering huge falls this morning as fears grow that Europe's plan to save the euro will unravel

Wall Street markets are suffering huge falls this morning as fears grow that Europe's plan to save the euro will unravel before it can e...

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