The nosedive of certain stocks and bonds is indicative of fiscal health or lack thereof

Is it really a precursory drop into further economic recession or a bad omen on that which concerns the economic talks between the Troika and Greece?

The values drop in today's stock market, after the Financial Times report on a controlled bankruptcy of Greece's financial system, indicates that things are getting quite serious. Illustrated by the data contained in the recently submitted Hellenic Budget , findings show that by 2011, the state revenue is estimated at 40 billion Euros due to the economic plan that Greece finds itself in, whereas the government bond payouts will amount to 46.1 billion.

When Greece is cast out from foreign markets and finds itself in the situation of not being able to amass that missing 6.1 billion, a serious problem is born. For the Financial Times, it seems, the matter is quite simplistic in its form, since the compilation of unbearable former and newer debt will just bring about a controlled fall into bankruptcy, which will in turn walk hand-in-hand with social unrest.

Besides what foreign papers report, the turmoil brewing in the Greek government and the recent call to an election in Ireland have pushed the market prices of the Athens Stock Exchange downwards and have launched a new rise in the spreads of Hellenic Treasury Bonds to over 900.

The stock market was to incur a loss of 3%, which was eventually staved off to a final outcome of 1460.33 points and a total 2.33% drop.

The National Bank of Greece suffered a 4.10% price drop at 6.79 Euros, with Hellenic Postbank at 6%. The losses of Biohalco-Ellaktor were over 3% while Eurobank dropped by 2.47% and Marfin Popular by 2.48%.

The only stock that ended up with a positive deviation was Motor Oil, with a 1.46% rise to 7.64 euros.

Exchange trading amounted to a total of 92.2 billion euros.