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CIA Warns Of A Greek Military Coup, Rebellion, If Austerity Intensifies
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%.
More:
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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Ice picks are a bit messy don't you think?
The only viable solution is to kick Germany out of the EU. The other euro nations have already suffered enough.
A Deutschmark Blitzkrieg.
another slow-motion trainwreck.
this lays out the post-default scenario http://blogs.telegraph.co.uk/finance/andrewlilico/100010332/what-happens...
Charles Moore, Nicholas Boles, Oliver Letwin and co, eh?
Not really the non-statist libertarians you were looking for. Hint: all Old Boys from the Oxford side of the network, all dyed in the wool Monarchist / Thatcherite supporters.
But sure - if you're peddling the Matchstick Integration mark Six policy document, then that's what they think. They've been known to be wrong.
Greece will default by July:
http://www.polycapitalist.com/2011/05/why-greece-will-default-in-june-an...
All of this is a natural progression. I think the fact that debt is being used as a weapon for toal domination is not really news to anyone here. The EU is screaming, Eurogroup is screaming, the IMF has its troubles. So what's left? Get the CIA into the picture to threaten the situation with a possibility of a military style coup "unless everyone complies"
Give us stuff or else. Proceed with complete EU integration or else. Now the political parties in Greece are supposedly having differences. My ass. That is a smokescreen. It creates the appearance of opposing viewpoints only for all of them to fall in line "to save our country" when faced with more serious consequences. The CIA has just warned them of the more serious consequences.
Once integration is complete the headlines will read "Greece's debt not as bad as first thought." They throw a little bone to a few people so as to reward them for making the "right" choice. You know "Europe saved, dollar about to crash", "Greece's economy growing at 8%", "China invests heavily in Greece, creates jobs", "EU control of Greek Finance Ministry yeilds results", "EU management of Greece's economy responsible for immediate turnaround".
It doesn't matter to me one way or the other. To sum it up, they have to raise the stakes in this game of chicken to attempt to make others back down while retaining some form of credibility.
The only question that remains is : Who will blink first?
Place your bets gentlemen.
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The only 'event' that could get the Eur/USD to move is the Chinese pull their support. I think that it is obvious that the Euro is backed by the "full faith and credit" of the Chinese $4t SWF ;)