BI: Political Turmoil Is 'SMASHING' The Greek MarketsSubmitted by emalvini on Fri, 06/21/2013 - 11:52
BI: Political Turmoil Is 'SMASHING' The Greek Markets
ROB WILE | 58 MINUTES AGO 82
Athens' stock market is down -6.11% after the Greek government was thrown into turmoil and a report said the IMF could suspend bailout payments.
Major Greek banks are down -7.53%, and the National Bank of Greece is down more than -9%. Yield on the Greek 10-year note spiked +5.90%.
The Democratic Left party ditched PM Antonis' Samaras' ruling coalition today to protest his decision to shut down Greek broadcaster ERT, leaving him with a slim and unstable majority to pass austerity measures.