Summary of Sorry State of Greek Affairs

From Mish’s Global Economic Trend Analysis:

1. Greece did not meet the IMF's criteria for more aid
2. The Greek government is collapsing
3. The Greek prime minister threatened to resign
4. An emergence meeting of the Greek Parliament could not gather support for more austerity measures
5. An emergency meeting of EU ministers produced "no results". The EU has no consensus about what to do
6. Two-year interest rates in Greece topped 30%
7. Germany wants bond holders to take a haircut, France does not
8. Greek unions are on strike
9. Riots and violence have escalated
10. Credit default swaps are pricing in an 80% chance of default

http://globaleconomicanalysis.blogspot.com/2011/06/imf-ready-and-willing-to-throw-away.html