Greek prime minister warns of 'uncontrolled chaos' if country defaults As demonstrators taking part in Greece's two-day general strike turned to violence, the powerful police union released a statement saying its members refused to "stand against our parents, our brothers, our children or any citizen who protests." The union threatened to arrest members of the troika - officials from the European Union, the European Central Bank, and the International Monetary Fund (IMF) - for "blackmail, covertly abolishing or eroding democracy and national sovereignty." Mr Papademos warned of "uncontrolled economic chaos" if Greece defaults. Can Greece remain in the eurozone? Jean-Claude Juncker, chairman of the eurogroup which is reviewing the austerity measures, insisted that Greece must ratify the plans. He added that a further €325m of spending reductions need to be identified by Wednesday. Wolfgang Schäuble, Germany's finance minister, said Greece was likely to miss its debt targets again. He said even current commitments would leave the country's debt-to-GDP ratio at an unacceptably high 136pc by 2020. Elsewhere in Europe, Standard & Poor's downgraded the credit rating of 34 Italian banks.