Today’s article by James G. Neuger on Bloomberg describes in the most vivid way the threat of bankruptcy and leaving euro slowly shining through.

The article indicates that Greece for the third time in a row is in danger of exiting from the euro.

Perhaps “Judgment Day” for Greece has arrived, according to the article by Bloomberg.

A chain of political events forced investors to think the worst scenarios and come back to the question “whether Greece will stay or leave the euro.”

Among other, the article describes the situation in Greece over the last two days and states that: The Greek stocks fell yesterday 1% after the dramatic decline of the ASE with 13% the previous day, the biggest drop since 1987. Yields on ten-year bonds rose again after jumping 93 basis points to 8.18% on the 9th of December, about where it was in April of 2010 during the negotiations on the first bailout.

According to Bloomberg the European Union is much more prepared now than back in 2010.

Furthermore, the article refers to SYRIZA and how most likely will form the next government and quotes a statement by Malta’s Minister of Finance saying that: “The risk to have parties that argue against Europe is not a privilege only of Greece. We’ve seen it happen in other countries as well”.

In conclusion the article refers to the difficulties that the government is facing for gathering  the 180 MPs required for the election of the President of the Republic and highlights the fact that Samaras has not got the support of Members required to elect president.