Futures Keep Falling Off A Cliff Tonight, And There's A Report Of A Brand New Hole In The Greek Austerity Plan

After today's late-day selling, futures continue to fall off a cliff.

Here's a look at S&P futures, via FinViz:

Meanwhile, there are reports of fresh troubles in Greece.

Journalist Matina Stevis -- who's been very reliable on all matters Greece -- says on Twitter that there's a "hole" of some sort in the Greek medium-term fiscal plan, meaning (presumably) that it doesn't cut as much as originally promised.

The next few days are going to be a bear for Greece watchers, as the austerity vote draws near (it's currently scheduled for next week). It's assumed that it will be tougher than the vote yesterday, and it's also totally crucial.

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See Also:

• Why The Divide In Greek Politics Is Looking Very American
• Spanish Central Bank Chief Is The Latest To Say A Greek Debt Restructuring Would Be A "Disaster"
• Goldman's Quick Take On Greece: A March Toward A Managed Deleveraging

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Another Problem In Greece: Member Of Ruling Party To Vote Against Austerity, Bringing Majority Down To 4

The imminent vote on Greek austerity really could be the TARP vote all over again (though the eventual US debt ceiling vote may take drama to a whole new level).

Greek PM Papandreou managed to survive his confidence vote, with every one of his PASOK party members voting for him, allowing to skate by with a razor thin majority.

That majority is already deteriorating a little.

According to Kathimerini, one PASOK politician -- Alexandros Athanasiadis -- has said he will vote against the austerity bill (which needs to pass for the country to get aid).

That brings the majority down to a 4-vote margin. Others have opposed the bill as well, but none others have come out against it.

Please follow Money Game on Twitter and Facebook.

Join the conversation about this story »

See Also:

• Why The Divide In Greek Politics Is Looking Very American
• Spanish Central Bank Chief Is The Latest To Say A Greek Debt Restructuring Would Be A "Disaster"
• Goldman's Quick Take On Greece: A March Toward A Managed Deleveraging

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