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Greece Threatens EU It Will Go To IMF For Bail Out Unless Merkel Stops Changing Her Song Every Fifteen Minutes
Submitted by Tyler Durden on 03/03/2010 08:05 -0500

From Dow Jones: Greek PM Says If EU Doesn't Help Greece It May Go To IMF. Also, this is the definition of a complete lack of leverage: Greek Cabinet Member: PM Says Greece Needs EU To Show Its Support Now, and that the Time for EU Help Has Arrived. And screw strikes - here comes the civil war:

* Greece to cut public sector salary benefits by 30%,
* Cuts wages across the board.
* Establish emergency tax of 1% for salaries over €100,000
* Freeze public sector hiring in 2010, and in 2011 one new job will be filled for every 5 retirements

And all this is followed by a cold water throwing Angela Merkel who just said that the Friday meeting will be purely on the "State of things" and no aid to Greece will be promised.

As always, pure anarchy - should be enough for some 1-2% worth in computerized S&P buying on a few hundred ES blocks.