G-20 Meets amidst Crisis in the Eurozone

In Cannes today, Greek Prime Minister George Papandreou (seen at left) met for two and a half hours with German Prime Minister Angela Merkel and French President Nicolas Sarkozy. Then Papandreou went home and told his parliament he was calling off his controversial referendum on the massive bailout designed to keep Greece part of the European Union. The on-again, off-again referendum has turned the G-20 Summit into a crisis meeting instead of a demonstration of economic stability. What's next for the European Union and what are the consequences for global prosperity.