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BI: Political Turmoil Is 'SMASHING' The Greek Markets

BI: Political Turmoil Is 'SMASHING' The Greek Markets

ROB WILE | 58 MINUTES AGO 82
AP

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.

Read more: http://www.businessinsider.com/political-turmoil-is-hectorin...



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