Blurb:After working for months to hash out a bailout deal for Greece which includes forgiving debt, but requires tax increases and reduction of income for most citizens.
Papandreou called for a referendum on the deal at a time when 60% of Greeks oppose the measures.
The resulting uncertainty caused markets all around the globe to fall.
At home, members of Papandreou's own party are calling for his resignation.
It's possible that Greece will form a new government and the referendum will never come to pass.