Greek Stocks Slide Most Since October 2008 After Election

-- Greece may be out of the EU within days or a few short weeks. It was all inevitable when we saw the first quarterly earnings reports after Fukushima. -- MCR

The Greek Market Is Getting PULVERIZED

Greek Stocks Slide Most Since October 2008 After Election

Business Insider,

7 May, 2012

Markets are down across the board today, but all in all, our sense of things is that things could be worse.

US futures, oil, and the euro, for example, are all higher than they were last night.

But one market is getting destroyed, and that's Greece.

Athens is down over 6% right now (via mostepicnow).

Athens Stock Exchange General Index

According to Bloomberg, this is the biggest one-day fall since October 2008. Anyway, the reason is simple as we explain here. The country has been thrown into turmoil, with its major parties getting crushed and taking less than 35% of the votes between them.

The bailout/reform process is now in serious jeopardy.