MF Global, the securities firm run by former New Jersey Governor Jon Corzine, was forced to file for bankruptcy protection Monday. The company, at Corzine's urging, made big investments in European sovereign debt. Those bets turned out to be losers. Analysts don't believe MF Global is a harbinger of bad things to come. It was much more exposed to European debt than most U.S. financial companies. Zoe Chace reports for NPR's Planet Money.
Greek Prime Minister George Papandreou says he will ask the public to vote in a referendum on last week's European debt deal. His surprise announcement could throw a wrench into the bailout agreement. The bankers holding Greek debt agreed to accept losses on Greek bonds on the assumption that the country would carry out austerity measures. For the latest, Steve Inskeep talks with reporter Joanna Kakissis in Athens.