I guess the markets weren't intimidated by Greece's loaded gun...
"Greece called for activation of a financial lifeline of as much as 45 billion euros ($60 billion) in an unprecedented test of the euro’s stability and European political cohesion."
If you recall, as I wrote about 11 days ago, Greece attempted to used the "bazooka" defense to lower their borrowing costs, hoping that the THREAT of a bailout would be enough to placate their lenders into accepting lower yields. Just like Hank Paulson's 2008 bazooka attempt with FNM and FRE, this one failed miserably.
EDIT: RELATED: from the Reformed Broker on stocktwits, via Howard Lindzon:
"Dear China, can you please just buy Greece already so we can move on? Thanks, Rest Of World"