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Increases, hours and wages being affected. also this country can prove the eu it's worthy of a bailout of $146 billion. also this morning, you know, people concerned about portugal. you have people concerned about spain. we've been telling you about these countries, portugal, italy, ireland, greece, spain, countries that have much bigger debt and much bigger expenses than they have money coming in. so there's concerns that the greek bailout may face some hurdles. there could be a domino effect around europe, and that would be a threat to the global economic recovery, a recovery that has been p...

Deadly and the fallout stretches all of the way to talking about wall street, rather, where investors are keeping close tabs on what's happening in greece. we'll get an update from cnn's diana magnay in athens in just a few minute sdwloos so who would have thought that greece's economic misery would have such an impact on you, me and the markets? it's true. stephanie elam is covering the story out of new york. steph, we saw a huge sell-off yesterday because of the situation in greece. how are things looking today? >> yeah, taking a look at the markets right now, kyra and we are in the red agai...

Talking about a massive debt. >> tony, this really comes down to spending cuts because part of what has to happen here for greece to get this bailout to the tune of $146 billion, they've got to do some things on their own, so it's got some strings attached to it. so greek officials are meeting today and they'll vote tomorrow on public sector wages and pensions as well as tax increases. so these protesters, you're talking about people who are teachers and bank employees and you're talking about doctors and they're upset with how politicians have managed their country's economy. remember, this c...

These protests have actually turned deadly and is causing a crisis for our markets here in the u.s. stocks all around the world sold off yesterday because of what's going on in greece. and here in the u.s., the dow actually plunged 225 points. it's the biggest drop in three months. stephanie elam following it for us in new york. steph? >> reporter: it shows us how small the world is getting when you look at stuff like this and think about what's going on in greece and think why does that affect us here? it has an impact. we are looking to see a lower open, nothing like yesterday's big sell-off...

Furious over the cuts. greece is in an impossible situation. greece teethers on bankruptcy. they are waiting for $146 billion bailout from the imf and other european countries that bailout won't come unless they pass these measures. people in the streets are upset. they blame the government for the position they are in. they say the weight of this burden should not fall on their shoulders, it should fall on the government. it's really a situation where they are between a rock and a hard place. tamron. >> stephanie gosk live with the latest. we'll have much more on that story. thanks, stephanie...