Greeks sceptical over referendum plan

European markets have fallen following Monday's announcement of a Greek referendum on the latest aid package to solve its debt crisis.

Eurozone leaders agreed a 50% debt write-off for Greece last week, as well as strengthening Europe's bailout fund.

But opinion polls suggest that most Greek citizens do not support the deal, which is designed to reduce Greek debt by about 100bn euros through a series of measures including public sector pay cuts, tax rises and falling pensions.

People on the streets of Athens greeted the referendum plan with scepticism.