UPDATE: IMF threatens to suspend Greece aid!!! Greek markets tumbling!!! Greek coalition on verge of collapse!!!

Update: Russian Market‏@russian_market56 min 

Greeks know how to bake! @DailyFXTeam: IMF: no financing problems for Greece, baking union has made good progress in the past 12 months.

zerohedge‏@zerohedge1 h

Theodora Kalessi‏@dodster0913 min
Greek coalition government one year in loses support from DIMAR. Not sure if the two party gov. can complete the four-year term #Greece

World News‏@news91191137 min
Greek Democratic Left party leader Kouvelis leaving coalition; Greece gov’t potentially…zerohedge‏@zerohedge1 h
Greek Coalition On Verge Of Collapse: Snap Elections Scenario Returns



Gareth Hart‏@tgheretford8 h
A Greek Gov’t minister who condemns #ERT on air is the same ERT he worked at in 1995. In the UK, we call this an “omnishambles”.

Agentur Radio Utopie‏@AgenturRU35 min
Greek gov’t: ERT? What ERT? It’s the gov’t reshuffle, stupid: Last night they agreed. Prime Minister Samaras a…


Greek Democratic Left lawmaker says his party should leave government


Greek markets tumbling. Coalition government in turmoil.


Eleni Panagiotarea: IMF in the Eurozone: A Case of Too Close to Fail?


Greek coalition crisis talks on state TV closure collapse, threatening government

Read more: http://www.foxnews.com/world/2013/06/20/greek-coalition-crisis-talks-on-state-tv-closure-collapse-threatening/#ixzz2WqkddkPv

For a few days, it seemed the government might collapse, but it is still wobbling along. Most Greeks prefer to keep the coalition and avoid a snap election. If one were held, Pasok might not win the 3% needed to enter parliament, according to polls; and Democratic Left’s leader might be unseated. A fiery speech by Alexis Tsipras, the Syriza leader, at an open-air rally outside parliament on June 17th drew fewer people than expected. Mr Samaras promises a cabinet reshuffle.


Article Continues Below


Kouvelis is leaving the Greek coalition government. Snap elections scenario is back with a vengeance

— Nikos Chrysoloras (@nchrysoloras) June 20, 2013

An emergency cabinet meeting starts in Athens. Kouvelis didn’t clarify if he withdraws his support from the government, but he implied it

— Nikos Chrysoloras (@nchrysoloras) June 20, 2013

Venizelos: political stability is under threat in Greece

— Nikos Chrysoloras (@nchrysoloras) June 20, 2013


IMF says prepared to suspend aid payments to Greece unless bailout hole is plugged. This hole (among others)

Think Cyprus is the only country that will need a repeat bailout (as the FT reported earlier)? Think again. Cause heeeeere’s Greece… again…. where as Kathimerini reports, a brand new, massive budget hole for €1.2 billion has just been “discovered.” Only this time it is not some C-grade government service that can just be swept away: it is to fund the country’s biggest healthcare provider, EOPYY. And the deadline is imminent: Greece has less than a month to plug it.


Stocks Plunge As IMF Tells Greece To Plug Holes Or It Pulls The Plug


IMF threatens to suspend Greece aid: report NEW YORK (MarketWatch) — International Monetary Fund officials are threatening to suspend aid payments to Greece by the end of June unless euro-zone leaders move to plug a gap of 3 billion to 4 billion euros ($4 billion to $5.3 billion) in the country’s rescue program, the Financial Times reported Thursday, citing officials involved in managing the bailout. The gap stems from euro-zone central banks refusing to roll over Greek bonds, the report noted. Officials emphasized that Athens isn’t to blame, the report said, noting that one official said the shortfall may force euro-zone finance ministers to discuss “alternate sources’ of funding, including the potential for a new bailout program by the end of the year.



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