Suddenly the Greek deal - which was a key plank in last week's eurozone agreement - is up in the air.
Greek Prime Minister George Papandreou surprised his own party and parliament by announcing a referendum and a vote of confidence.
"If the Greek people do not want it," he said, "it will not be adopted."
And if that happens the eurozone will be thrown into fresh uncertainty.
Last week, eurozone leaders agreed a second Greek bailout worth 130bn euros as well as banks agreeing to take 50% losses on their holdings of Greek debt.
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