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The Athens Stock Exchange reported a 4.61% drop today, reaching 788.99 points due to the failure of Athens and its creditors to reach an agreement. Analysts say the main reason for the crash is the fact that Greece did not repay today the loan to the IMF worth 300 million euro. The sector index of banks reported losses of over 9% due to the intense selling of their shares.

Financial experts consider today's extraordinary session of parliament as a negative event that has raised the uncertainty over the end of negotiations between Greece and its creditors and increased the number of negative publications about the country in the international media.

Athens’ decision not to make the loan payment to the IMF today and group all loan payments due in June, amounting to 1.5 billion euro, has directly affected the securities market.

10-year bonds are ranging between 54 and 55.5 basis points with a market yield of 11.55% and yield to maturity of 11.18%. The spread between 10-year Greek bonds and the German securities now is 1,047 basis points compared to 968 points yesterday.

The average yield of 5-year bonds is 17.11% and the yield of 2-year bonds is 25.05%. At the time of issue, their yield was 3.5%.

At the same time, Greek Minister of Economy George Stathakis stated that Greece had deliberately failed to repay the loan to the IMF. "The proposal by the IMF was at hand, so I think the government chose to accept it and pay at the end of the month," he said in an interview with the BBC.

When asked by the journalist, "You therefore have the money but have chosen not to give it?", Stathakis replied, "That is correct."

His statements entirely contradict the statements of IMF representatives, who said they were surprised by the announcement of the Greek government that it wanted to group the four payments and make them at the end of the month.