Following last weeks announcement that the eurozone leaders had reached an agreement on a Greek bailout, the Greek Prime Minister made his own shocking announcement that he plans to hold a referendum on the matter. Under the terms of the deal announced last week, banks would take a 50% hit on their holdings of Greek debt, and in return Greece would implement another round of (already controversial) austerity measures. And just as the collective international markets breathed a sigh of relief hoping that the eurozone was going to hold itself together, Greek Prime Minister George Papendreou shocked his own party and parliament by announcing his plans to hold a referendum and a vote of confidence saying "if the Greek people do not want it, it will not be adopted". The markets responded by selling and prices were down.