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Greek turmoil sends US, world markets lower

A wave of selling swept Wall Street and stock markets around the world Tuesday after the prime minister of Greece said he would let its people vote on an unpopular European plan to rescue the Greek economy.

By DAVID K. RANDALL, AP Business Writer, MATTHEW CRAFT,AP Business Writer | Updated on November 01, 2011
A wave of selling is sweeping across Wall Street and stock markets around the world after Greece's prime minister said he would call a national vote on an unpopular European plan to rescue that nation's economy. (AP Photo/Richard Drew)

NEW YORK (AP) — A wave of selling swept Wall Street and stock markets around the world Tuesday after the prime minister of Greece said he would let its people vote on an unpopular European plan to rescue the Greek economy.

Stocks pared some of their losses after Greek lawmakers dissented from the plan, raising the possibility that Greece’s government would not last until a confidence vote on Friday.

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