CIA Warns Of A Greek Military Coup, Rebellion, If Austerity Intensifies

Tyler Durden's picture

Turkish daily Hurriyet, which paraphrases German Bild, which in turn references a CIA report, warns that Greece could face a military coup if the "tough austerity measures and the dire situation" escalate any further. On the other hand, one can avoid this belabored hypertextual chain and simply look at what happens practically every day on Syntagma square where yet again we are witnessing record numbers of people protest against what everyone now realizes is a dead end regime (luckily, in a peaceful manner, for now). More Captain Obviousness (thank you Grant Williams) from Hurriyet: "According to the CIA report, ongoing street protests in crisis-hit Greece could turn into escalated violence and a rebellion and the Greek government could lose control, said Bild. The newspaper said the CIA report talks of a possible military coup if the situation becomes more serious and uncontrolled." Luckily, following last year's Athens mob-inspired flash crash, and 2011's MENA revolutions, the market is rather desensitized to this sort of thing, and nothing short of fat-finger driven invasion of Greece by Turkey, in its humanitarian bid to reestablish the Ottoman Empire 2.0, could dent the /ES or EURUSD by more than 0.01%.


Opposition parties have mostly refused to support the government in its quest to cut spending by trimming an overblown civil service and the sweeping privatization drive announced this week has attracted even stronger protests.

Meanwhile, the Dutch finance minister said his country, Germany, Finland and other EU members won't give Greece any more bailout money, if the debt-laden country fails to adopt further austerity measures.

Jan Kees de Jager said Saturday that "it's vital that Greece will live up fully" to conditions set by the International Monetary Fund if it's to receive the next batch of a 110 billion euros ($155 billion) bailout loan deal it agreed to last year, the Associated Press reported.

Last year, as the financial crisis battered Greece, Bild went as far as to highlight a suggestion by a conservative politician that Athens sell off some of its many islands to help pay off its debts.

What next: CIA reports that monetary policy could set off mass food price driven revolutions in North Africa?

h/t Scrataliano

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hugovanderbubble's picture

In spain will be the same. Completly a chaos just 12-18 months...or why not sooner?

CH1's picture

I have no 'proof' for this... but I have a bad feeling about Q3 and Q4.

i-dog's picture

"the CIA report talks of a possible military coup if the situation becomes more serious and uncontrolled."

Yep, that's the plan. You might even get to see CIA snipers on yootoob taking out a few protestors just to "liven things up" (à la Damascus, Cairo, Bahrain, etc). They wouldn't want it to fizzle out, would they?

The bankstas aided and abetted the PIIGS to go on a socialist spending spree and take on massive debt (not that any of them needed any encouragement, only squid fraud to hide it!). So they will keep the screws on by using the mob to oppose any spending cuts and the opposition to propose tax cuts until the suckers fold and restructure into long-term bondage and a handover of some gold and FIRE assets. Then comes martial law (so that the outgoing .gov gets the blame for selling the slaves down the road).

The Company likes it when a plan comes together.

Rodent Freikorps's picture

Wow, is there anything the CIA can't do?

You know they lied about burying OBL at sea.

They had him stuffed an mounted on the wall in the employee break room.

serotonindumptruck's picture

So THAT'S how they disavow an asset.

I always wanted to know.

downwiththebanks's picture

NaziRat still buys the 'story'.

Good NaziRat!  Will your masters give you a treat for your obedience?

Do you remember, NaziRat, when the CIA worked with other NaziRats after WWII to install a fascist government in Greece?

Rodent Freikorps's picture

You remind me of a parrot I had once.

There is no evidence the CIA had anything to do with the '67 coup, especially since King Constantine liked the coup.

slvrsurfer's picture

Did u see "Charlie Wilson's war"? That guy "Gus"  was the one who gave instructions to the colonels. So, Yes there is plenty of evidence. It's basically accepted as fact.

Rodent Freikorps's picture

That was like a movie, right?

slvrsurfer's picture

Sorry, Read the book. In it are many details about his service in Greece.

cosmictrainwreck's picture

he was, after all, Greek, right? (if I recall)

falak pema's picture

Rodent, the CIA cut and pasted the french parachutist led siege of Algiers in the 1957 insurgency to export it to Vietnam. They got the top french torturer, Commandant 'O', to come teach them torture in the sixties in Fort Bragg; how to apply 'french persuasion tactics against guerilla warriors' in Viet. They did it too, afterwards, very efficiently...Operation Phoenix. The same guy, now openly known as General Aussaseres, taught counter revolution in Managua to Brazilian and all South American 'pistolero' governments in the mid sixties, thanks to CIA financed and French military co-opted joint moves there, in counter insurgency training; to sell arms and counter revolution--big business. The Mossad was also there. Its all documented. So CIA WERE there in Greece, in 1967...very much so...they ousted Papandreou-father, they stage managed it with British help ...who had led the same military elements after WW2 in Greece to fight greek insurgency and were involved in Cyprus troubles just prior to military coup in 1967. All stage managed...piece of cake for CIA then...they were world wide!

thriftymost's picture

You employ "socialist" as a throw-away term of abuse, like hickdead or sockcucker, even as capitalism fails and socialist China kicks everyone's ass. I think you've got a necrophiliac crush on Ayn Rand. Hope your canned beans hold out till the Rapture.

Rodent Freikorps's picture

China isn't socialist. They are communist.

The suck balls as a welfare state.

morkov's picture

there's great chaos under the heavens. the situation is perfect!

thriftymost's picture

Define your terms.

The Chinese themselves claim to have a mixed socialist-capitalist economy, under the leadership of a self-styled Communist Party.

But with all of China's four big banks under direct Communist Party control, you've got to wonder about . . . everything.

And if, as you say, China "sucks balls as a welfare state," yes, in a sense and up to a point, but consider that the average Chinese family will do whatever's needed to provide for grandpa and grandma, while spending the rest of what they have on the kid's education.  Confucian mores amount to a kind of crude communism in their own right.

Confucianism alone will the kick the balls off any pseudo-Christian western crapistan any day of the week, until the pseudo-Christians let loose with a Hiroshima bomb.

Just sayin' . . . 


Rodent Freikorps's picture

Too bad they went commie.

They were kick ass allies during WW2.

Their quality of life has always sucked though. Too many mouths to feed.

Outside our big cities, I think you'd find the extended family model is much healthier.

All Confucius wanted was a government job, so who cares what he thought?

Michael's picture

I don't buy the majority of the Greek mob doesn't want spending cuts. I believe the majority want 3/4 of the government employees laid off and they want to default on the debt those government employees piled on them. I also believe the majority of Greeks want out of the euro zone and want their sovereignty back. Similar to some things the majority of the American people want.

Re-Discovery's picture

Coming soon to a low- to mid- income, inner city neighborhood near you!

Diablo's picture

not a chance. the only way the lemmings in the USA were to revolt is if 'american idol' or 'dancing with the stars' get cancelled.


THE DORK OF CORK's picture

@Gavin Kostick

If you are watching Zero hedge  - it seems I have been blocked from posting on the Irish economy blog again - such is life

Here is the response to your final question on "the one size fits all thread"


Well I will give a amateur stab at things

So (a) - the buyers deposit seems to be a term deposit if it pays a interest of 3% - this is not really a deposit in a bank but rather a loan to the bank (cash & checking accounts should at least in theory be the same thing)

Lets imagine a simplified idealised CB with Gold on its asset side of the balance sheet and cash as its liability and your asset.
Given that this buyers deposit was created by a loan in a commercial bank somewhere and now becomes cash, it is the CBs liability now
(B) If the quanity of Gold remains the same withen the CB then the extra cash becomes devalued relative to the shiny asset.

(C) wealth is neither created or destroyed withen the monetory juristiction - just transfered , however the external buying potential of the currency becomes compromised (such as for the buying of oil) - hence the reluctance of certain imperiums that do not have a petro currency peg to devalue their currency.

The balance sheets of CBs are of course far more complicated then the above with probally certain pieces of midland bog somewhere withen  Frankfurt balance sheet.
As for seigniorage and other such concepts well then asking pros such as Lorcan K would be best but I will leave you with this chap who is gaming the CBs seigniorage extraction business.
 - the above is pure seigniorage gaming since the goverment price is below the current cost price of the nickel , unlike buying gold where you pay a premium over spot for such metal indulgences

Its the reason why Gold and silver and other base metals with fixed goverment prices at least equal to the extraction cost  was taken out of circulation - to enable the CBs to pay their clients over and above the rest of us serfs

A_MacLaren's picture

Max can see through the game: 

No cash to pay your debts? We'll take your gold, Greece!

THE DORK OF CORK's picture

My mistake Irish Economy Blog - sorry , it seems to have been a technical glitch.

Libertarian777's picture

this is why we need a competing currencies law.

When you are required to use government money, even if gold backed, if all that gold is controlled by the central bank, you have NO SAY over how it is used (since the central bank can debase even a gold backed currency at will ala 1971).

If you had various gold/silver-backed currencies issued by various entities, some would fail, some would become de facto standards. Inevitably the government would not be able to confiscate all the gold easily without affecting numerous institutions.

This contrasts though to the current structure of investment/commercial banks being joined at the hip to the central bank. I'm thinking more along the lines of regional banks issuing money. Unlikely the Feds would be able to confiscate gold from 15,000 banks in a weekend.

THE DORK OF CORK's picture

@Libertarian 777

I would be more in favour of the rule of law being obeyed or at least recognized - the Euro disaster is primarily the result of bank bond holders escaping without a loss after the commercial banks hyperinflating credit with the CBs sanction.

If you look at the creation of money withen the Euro / EMU area the creation of bank liabilties exploded relative to a nearly static goverment debt until recently.

The core of this problem lies the the Basel rules on bank capital - these credit instruments remain on commercial banks liability side of their balance sheets - they exploded in the eurozone relative to a smaller and smaller ratio of goverment debt on banks  asset side of the balance sheet.

They now dominate the money supply - at least in peripheral countries - yet these were considered buffer capital under "the rules"

They were not as the CBs have did everything they could possibly do to save this misallocation of capital.

We essentially have competing currencies in the euro zone already as there is no transaction tax on Gold although there is still various capital gains taxes for the metal - we however have no rule of law !!

bankonzhongguo's picture

No need to riot. 

Just lay siege to the hotel/airport where the IMF and their security stays. Whining about your local government won't get rid of the alien infection.

Like a cancer, sometimes you need to target the tumor and remove it with extreme prejudice.

downwiththebanks's picture

Gee - I wonder which side the CIA will take.

kaiten's picture

as always - the dictator´s one

That Peak Oil Guy's picture

This is interesting; the Greek PM accused of trading Greek CDS at low rates to friends and family back in 2009:

"The gist of the allegations rest on the charge by Mr. Kammenos, that the Greek Prime Minister, Mr. George Papandreou and members of his team, presided over the sale of 1.3 billion dollars worth of credit default swap contracts (CDS on Greek sovereign debt) on or around December of 2009, shortly after coming to power. The 1.3 billion dollars worth of insurance protecting against a Greek default was bought during the spring and summer of the same year, by the Hellenic Postbank, a public banking arm of the Greek government... the very insurance that was being held in public coffers by the Hellnic Postbank, is today worth approximately 27 billion dollars."

YHC-FTSE's picture


Great post!

I hadn't known about this before, a bit strange considering it's been going on for some time. Anyway, this in my view has just increased the probability of a military coup or similar chaos. 

Pepe's picture

well, my Grandfather used to say. If you want to find the fire follow the smoke...duh

spekulatn's picture

Who gets the credit this time, facebook or twitter?

(sarcasm off)

Racer's picture

Go tell 'em where to shove their bonds Greece!

Crisismode's picture

Southern Europe will lurch toward anarchy within 24 months, and will be ripe for a new dictator and war.

Thomas's picture

could be sooner. I also think that everybody knows that the austerity is being shoved at the people (who, admittedly, are often slackers) in lieu of shoving the stresses back on the banks.

Sheikh Djibouti's picture

Hey Strickland, still calling people slackers ? That's SO 1955 ...

Well maybe you think people in Southern Europe are lazy. They tend to think other people are self-congratulating liberal over-achievers. Sometimes quality of life can't be measured in monetary value or economic production.

Agree about the austerity. Monetary system is created to filter wealth and power up, and fuck everybody else. Needs to change.

luciusfargo's picture

Maybe quality of life can't always be measured in monetary value or economic production, but it always has to be paid for in monetary terms out of economic production. Debt-financed, state-provided quality of life is a mirage. The indolent yet insatiable Southern Europeans have finally received the bill and, surprise, surprise, they cannot pay it. Of course, the banks that fuelled this 'quality of life' binge made their bed and should be made to lie in it. Let the peripheral laggards default, boot them from the euro and let banks face the consequences of their poor investments. 

Sheikh Djibouti's picture

Agree on most points, but I think the same arguments apply to a lot more places than just Southern Europe. In fact qualifying them as "lazy" I think is not entirely fair, even if work ethic in Latin cultures is most definitely different from Germanic ones.

The problem is much bigger than Greece or Spain. The nature of a debt-based economy is going to create situations which people will refuse to adhere to. That has profound social and political implications. What we do with it is up to us.

Deepskyy's picture

Back to the Future part 1 and 2


Hacksaw's picture

will be ripe for a new dictator

What do you think they have now? For that matter what do you think we have? These democratically elected governments are just a figment or our imaginations.

When your government answers more to an outside body instead of the people they are supposed to be representing, I'd call that a dictator.

I hope to God that all this leads to revolution. It's time for all the fraud to end, the made up wars to end, and all the financial manipulations to end.

For your Memorial day viewing and listening pleasure.

A BIG thank you to all the men and women who have served.

ElvisDog's picture

The war thing is amusing. Who would be fighting who exactly? And what would be the objective?

thefatasswilly's picture

China, Germany, Russia, vs. USA, England, France.

Objective will be to dump all the winners' debts on the losers.

How is this not obvious?

PY-129-20's picture

Why should we side with China and Russia? Explain. Do you really think that German public would be in support of this?

Listen, I am German and I think we won't side with anyone. If the EU breaks up, it will be a great delusion for our leaders and elite (wether they are business or intellectual). You cannot compare 2011-Germany with 1933-Germany. It's a different generation, a different cultural and historical background. We don't want to have another war. The broader public is against the war in Afghanistan. We want our troops home and we want to do our business, to produce things - like nice cars, aircrafts, ships and to have a decent and nice life. And currently, we have lost the nation we grew up, because our elite copied the American model. Basically, we are doing the same mistakes that the American business elite did. We are beginning to sell our manufacturing base, although the people here work harder, they are getting less and less and they soon have to work until they are 69 years old. It's flawed.

Yes, we have different relations to Russia (and China) than the United States. In fact, our relations to Russia have improved and I am very glad about this. I just would wish that China and Russia would open up and their systems would be more open. I think there is a development in China - and we don't know how this will end up - much seems to be possible, but I hope that there will be a more open China, a China that respects intellectual rights. Than it would be a great trade partner and I would have no problems or bad feelings about China becoming one of the most important nations in the world.

But the current situation is very dangerous - both sides are developing - the USA and China. And you don't know what will happen in the end. I hope that the United States will return to be the country I used to love when I grew up. I hope my country will develop to be the country again that had a good vision of how to improve the living standard (or social justice) for everyone, that we will be more independent and that there will be a totally different European Union. About the EUR - it's a great vision - and I would have no problems to share a currency with France, Denmark, Sweden, Netherlands, Austria. But it was a failure to take Italy, Portugal, Spain, Greece. And of course to back this NewEuro with a Gold standard.

And I would hope that China will develop into a more open society. That would be the uber-optimistic best case scenario. Unfortunately I don't believe in the possibility of best-case-scenarios.

thefatasswilly's picture

You will not support China / Russia. You will simply oppose the anglo saxon imperial alliance, for reasons you have listed yourself.

Enemy of my enemy is my ally.

ElvisDog's picture

China, Germany, Russia, and USA, England, France will fight a war over Greece? Really. You've been watching too many "Bourne" movies. How exactly do China, Russia, and the U.S. fight a general war without it going nuclear? There is a reason there have been no direct conflicts between major nuclear powers over the past 60 years. And your scenario has one NATO country (Germany) going to war against two others (U.S., France). Go back to playing Black Ops, because you've left common sense behind.

thefatasswilly's picture

Greece is simply one of the many escalating crises spawning and getting worse worldwide. This sort of proliferation of disasters preceded the previous two world wars, as well.

Did I say it would not go nuclear? Do not put words in my mouth.

NATO doesn't mean shit when national sovereignty is at stake. You do realize that Germany invaded Russia despite the fact that they had a treaty, right? Try thinking outside of your box, fool. I do not watch movies, nor do I play video games. I suggest YOU desist in being so glued to your entertainment screen.

AnAnonymous's picture

Expansion follows always the same pattern. Expansionists have not managed to beat it.


When there is room to expand, all is nice, all is fine. When room is no longer available to maintain the required expansion rate, troubles occur.

In an expansion, segments of population thrive by being off limits for the expansionist scheme, they are the safe harbour for wealth being protected from the looting wrath of the expansionist.


When the stage of saturation happens, it is followed by the stage of auto looting, that is a redefinition of a paradigm that put segments of populations off limits.

Rome example: when expansion was  possible, all was great. Roman religions temple were protected from the greatest plunderer in the area, Rome, and thus could build up wealth. What the rate slowed down, introduction of a new paradigm (christianity) that put back roman temples into limits, which is good as they had centuries to hoard gold and other wealth. And Christians did the job of plundering.


Now, in this US driven world, it is known that the US has plundered populations to put off limits a certain segment of population known as the middle class. The plunder was done to enrich that segment of population.

That is where the wealth is. So any objective of any world will include reducing the middle class as it is where the wealth is.

Noticeably, usually, the segments grow as structural elements for a society, and the auto loot comes at the expense of social chaos.