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 the announcement of a referendum has cast doubt on whether the deal will be able to go ahead.
The FTSE 100 in London traded down 2.9% while the Dax in Frankfurt fell 4.4% and the Cac40 in Paris dropped 4.3%.
