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Comedy Hour: Full Letter From A Pissy G-Pap Blasting His Rescuers And Confirming Beggars Can Be Choosers

Tyler Durden's picture




 

Yep. G-Pap, up until a week ago completely reliant on the good will of Europe to prevent a revolution in Athens, has now turned the tables on his saviors and has dispatched a scathing letter blasting his rescuers: ""Crunch time" has arrived and there is no room for indecisiveness and errors such as: (1) taking decisions that in the end prove 'too little, too late' to convince the markets we are serious; (2) making compromises that satisfy our internal political 'red lines' that in the end substitute tactical politics for sound management of the crisis (although I do recognize the problems some governments have and the democratic demand for a greater say of Parliaments in trying to deal with this crisis); (3) failing to use in-depth technical analysis and consultation before decisions are made; (4) allowing a cacophony of voices and views to substitute for a shared agenda, thereby creating more panic than security; (5) nd I would add more global issues such as doing nothing substantive about the destabilizing role of the rating agencies, credit default swaps, tax havens or about plausible new revenues such as a financial transaction tax....The above have in one way or another had profound effects on my country and others facing similar challenges." Yeah, it's all Europe's fault Greece is broke. And the vile, evil speculators of course.

Full Letter

PRIME MINISTER’SPRESS OFFICE

Athens, 11th July 2011

LETTER BY PRIME MINISTER

GEORGE A. PAPANDREOU

TO THE PRESIDENT OF THE EUROGROUP

AND PRIME MINISTER OF LUXEMBOURG

JEAN CLAUDE JUNCKER

Dear Jean Claude,

Let me again express my appreciation for your continued engagement
and help in dealing with our crisis. You have stood by Greece in these
difficult moments.

At the same time we have all become aware that this crisis has become a crisis of our shared European home.

It has highlighted deep problems in the architecture of our currency, our governance structures, and our financial system.

And no one member state can alone effectively deal with these questions.

Again in seeking to solve problems in the Eurozone, you have tabled
important and visionary proposals on behalf of Europe. Such as for
example the idea of the eurobond.

Fourteen months after commencing our reform program, Greece has
achieved an impressive fiscal consolidation and launched numerous
far-reaching structural reforms.

In recent months, our government and the members of the Troika have
worked tirelessly to produce a credible medium-term fiscal strategy,
including an ambitious privatization plan, that will continue to drive
our reform process and stimulate growth.

We have also pinpointed key impediments to reform, particularly our
difficulties in stopping tax evasion and in building the capacity of our
civil service to implement change. We have initiated a process whereby
implementation deficits of the past are being remedied.

Furthermore the President of the Commission, Jose Manuel Baroso has
strongly supported a program that will insure transfer of know-how and
technical assistance for best practices from other member states to
assist us in the implementation of major reforms in our country. This we
welcome as this is our government's basic agenda.

Had major reforms been implemented years ago we would have avoided the current crisis.

The Commission has also been forthcoming on proposals and help to stimulate growth and job creation through community funds.

These remain priorities for our government and preconditions to reach a viable economy.

From our side, as you know, the Greek Parliament has approved the
country's promised medium-term financial strategy and implementing
legislation-approvals that were required for release of the fifth
disbursement of the initial program and for approval of additional
funding until 2014.

Our recent Parliamentary votes signal a renewed bold effort and strong political will to reach our goals.

Yet in no sense is our crisis over. Indeed, we together stand today
at a fateful juncture in Greece's and Europe's ongoing economic
adjustment program.

The markets and rating agencies have not responded as we had all
expected. They continue to doubt (and therefore punish) our shared Greek
and European reform program, and in so doing, are threatening Greece's
and Europe's common recovery from the recession that began three years
ago.

I am now convinced, after fourteen months, that no matter what Greece
does-and we have proven ready to live up to our responsibilities-if
Europe does not make the right, collective, forceful decisions now, we
risk new, and possibly global, market calamities due to a contagion of
doubt that will could engulf our common union. Strong and visionary
European leadership is needed.

I say this to you because now there is a greater need to avoid
mistakes of the past. "Crunch time" has arrived and there is no room for
indecisiveness and errors such as:

  • taking decisions that in the end prove 'too little, too late' to convince the markets we are serious;
  • making compromises that satisfy our internal political 'red lines'
    that in the end substitute tactical politics for sound management of the
    crisis (although I do recognize the problems some governments have and
    the democratic demand for a greater say of Parliaments in trying to deal
    with this crisis);
  • failing to use in-depth technical analysis and consultation before decisions are made;
  • allowing a cacophony of voices and views to substitute for a shared agenda, thereby creating more panic than security;
  • and I would add more global issues such as doing nothing substantive
    about the destabilizing role of the rating agencies, credit default
    swaps, tax havens or about plausible new revenues such as a financial
    transaction tax.

The above have in one way or another had profound effects on my country and others facing similar challenges.

As for Greece specifically, the attempt over the past ten days to
structure private participation in our recovery program, for example,
has led to public warnings that the rating agencies would declare a
selective default.

While we are not against PSI in principle the proposal that was
tabled seems to be flawed. It could prove to be too expensive, too
little and too dangerous.

Too expensive for Greece and too little or inadequate to effectively
deal with the management of Greek debt. And with these meager results
one may still not avoid a selective default.

We all also know that, because there is still a deep distrust about
the financial health of the banking system in Europe, that the new
"stress test" results to be announced in a few days may fuel yet more
market insecurity.

All these debates-around the new Greek program, private sector
involvement, the amount of funding necessary, the talk of 'selective
default'-- and the continued cacophony in the media only make the
problems in front of us more difficult to solve.

Going from crisis to crisis at such a weak stage of recovery, with
such a cacophonous press and frightened public, is not any longer an
option Greece can sustain.

Greece is responsible for her past inaction. However over the past
year Greece has taken the pain, made unprecedented decisions, and yet we
have paid for too much experimentation and confusion.

The climate of uncertainty and distrust from markets and analysts is a
climate that has undermined and will continue to block the efforts and
sacrifices of the greek people towards a sustainable economy.

Concerning Greece, it is necessary that this time we reach an effective solution to ensure three basic goals:

debt sustainability, access to markets and means to restart growth of the Greek economy.

Liquidity provided by the new program is essential but it may only serve as relief and not as a cure.

I thus believe it is time now to address our fundamental problems
head-on-and produce a comprehensive package of solutions that clearly
signals our determination not to see the European project further
damaged or destroyed.

I believe that we must begin, as soon as possible, convening a series
of closed working meetings-of leaders, advisors, and technical
experts-that can offer up effective, possibly even far-reaching
solutions in place of one-off and ad hoc responses.

The purpose of this letter is not to get into details of possible
solutions as many ideas have already been put on the table: rollovers,
reprofiling, buybacks, bond exchanges, eurobonds, extension of
maturities, lower interest rates, EFSF flexibility, etc.

What I do believe is that we need a comprehensive and new assessment
of both the problems ahead of us, and careful weighing-first and
foremost, on a sophisticated technical level-of our options.

This technical assessment will in turn be the basis on which we will
all have a better, solid understanding of the impact of the political
decisions we collectively and soon must take.

At the same time today's Eurogroup meeting needs to send a strong
message that there is a strong political will to support Greece's
ambitious program of change, provide the necessary liquidity for the new
program, and decisively deal with the issue of debt sustainability in a
manner that does not negatively affect the greek economy, banking
system and future access to markets.

Dear Jean Claude,

Europe's and the world's economies are fragile at best, and could
quite easily now begin the sort of "second recession" that would add
years to our recovery.

The developments ahead will also be crucial for the fate of our nation and the greek people.

Whatever decisions are made need to be taken in close cooperation which I look forward to.

My Finance Minister Vangelis Venizelos and I will be in close contact with you to help ensure our common success.

Sincerely yours,

George A. Papandreou

 

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Mon, 07/11/2011 - 17:18 | 1445446 DNB-sore
DNB-sore's picture

Who's the beggar now?

Mon, 07/11/2011 - 17:22 | 1445464 knukles
knukles's picture

Bingo....
The official reminder that Greece owes the EU a Pissloadbazillionhumongoliod euros and as such is the one now in the drivers set, not the other way around.

G-PAP, you shoulda waited to have at least recieved the next trache before squeeing their balls so tight.

Gotta love the "We'll be in touch" closing, aka "Fuck You"

Mon, 07/11/2011 - 18:39 | 1445707 TheFourthStooge-ing
TheFourthStooge-ing's picture

G-Pap: "Dear Jean Claude, if you can't even handle a little carpet, what are you going to do when we come to the crunch?"

http://www.youtube.com/watch?v=6RqWkZvjzLA

 

Tue, 07/12/2011 - 00:45 | 1446773 Ahmeexnal
Ahmeexnal's picture

G-Pap to the Troika: "Don't call us, we'll call you."

Mon, 07/11/2011 - 17:32 | 1445502 IQ 145
IQ 145's picture

 funny shit, man. Nobody minded the rating Agency as long as everything was AAA, eh? Now, all of a sudden, they're part of the problem. Reality is the problem. not the ratings.

Mon, 07/11/2011 - 17:18 | 1445449 treemagnet
treemagnet's picture

This is why I don't lend my sister money.  Anymore.

Mon, 07/11/2011 - 18:30 | 1445669 Putty
Putty's picture

Word

Mon, 07/11/2011 - 17:31 | 1445456 TruthInSunshine
TruthInSunshine's picture

OT, ZH, but can you post this in Comedy Late Night? (Thanks)

On Topic - This letter is remarkable in many ways, not the least of which is that it literally reads like something a teenager involved in puppy love episode gone wrong would have written.
They broke G-Pap's heart. Maybe G-Pap decided he wished to remain in Greece, if that's still possible, rather than flee into exile, after all.
*This section is particularly hilarious:

The markets and rating agencies have not responded as we had all expected. They continue to doubt (and therefore punish) our shared Greek and European reform program, and in so doing, are threatening Greece's and Europe's common recovery from the recession that began three years ago.

Mon, 07/11/2011 - 17:38 | 1445527 IQ 145
IQ 145's picture

 Yeah, it's too much, really. Austrian Economics makes the whole thing immediately understandable; there's no remedy and no fix for the "crack-up bust' that comes after the "boom". Or as Maggie Thatcher anounced, "The problem with Socialism is you run out of other peoples money to spend."

Mon, 07/11/2011 - 20:29 | 1445457 carbonmutant
carbonmutant's picture

Someone must have emailed him about the change in sentiment...

Mon, 07/11/2011 - 17:19 | 1445458 Seasmoke
Seasmoke's picture

kind of like the windshield cleaner on the corner who cleans your window before you say yes and then demands $5

Mon, 07/11/2011 - 17:28 | 1445489 knukles
knukles's picture

with the greasy rag

Mon, 07/11/2011 - 17:20 | 1445460 Mae Kadoodie
Mae Kadoodie's picture

Better eat your peas Greece.

Mon, 07/11/2011 - 17:19 | 1445461 Cleanclog
Cleanclog's picture

"Why didn't we act when we had the time?"   -signed the Western Powers of Europe and the USA

Mon, 07/11/2011 - 17:24 | 1445465 Highrev
Highrev's picture

Perhaps somewhat OT. ;-)

To follow up on my previous comments on the subject (which you can trace starting here: http://www.zerohedge.com/article/friday-afternoon-humor-birinyis-ruler-back#comment-1420331 ):

Just a chart with a couple of annotations: http://img694.imageshack.us/img694/6657/nyadaily110711.jpg

 

Mon, 07/11/2011 - 17:24 | 1445468 kito
kito's picture

why do greeks keep cash in their greek bank accounts? really? its been a slow drip but...i just dont get it. there has been no stampede and it just defies logic...

Mon, 07/11/2011 - 17:28 | 1445488 Cursive
Cursive's picture

@kito

Why do bulltards continue to buy stocks? Bonds? Why do Americans keep money in US accounts?

Mon, 07/11/2011 - 19:02 | 1445774 kito
kito's picture

fair enough, but greece is clearly at its end game. this country is not there yet. 

Mon, 07/11/2011 - 18:01 | 1445551 The Fonz
The Fonz's picture

Saw something about this in a documentary on Argentina, from what I saw is it takes about 4 years for deposits to be drained, first two years are slow, perhaps 20% of deposits. The third year about twice as fast, then deposit withdrawls are limited by the banks sporadic for the last 6 months or so.  It becomes impossible to move any large sum of money out of the banks once that happens. The entire time the system will be lying about the state of the system, so you'll hear little or nothing about the withdrawls until it is actually too late to get the money.

Here is the documentary, it has a good segment speaking with an economist that goes over in some detail the pacework of the bank run there.  I remember watching it but I cannot find it for free atm for some reason. The procuders site is at the link below.

 

http://www.bullfrogfilms.com/catalog/arg.html

 

Mon, 07/11/2011 - 17:36 | 1445469 Cult_of_Reason
Cult_of_Reason's picture

G-Pap almost made me spit soda out of my nose. This is hilarious... very funny.

If I were G-Pap, I would be very uncomfortable living in that multimillion dollars mansion on the hills in Athens. Sooner or later people will respond to the harsh economic situations they face and march on G-Pap’s Versailles on the hills.

Mon, 07/11/2011 - 17:50 | 1445553 macholatte
macholatte's picture

If I were G-Pap, I would be very uncomfortable living in that multimillion dollars mansion on the hills in Athens.

Yup! That's why he wrote the letter..... pass the buck time. Can't you hear him saying what so many before him have already said, "It's not my fault. I'm the good guy. I did everything I could given the circumsances. I didn't have all the details. Nobody could have forseen this."

wash-rinse-repeat

Mon, 07/11/2011 - 17:24 | 1445470 equity_momo
equity_momo's picture

The markets and rating agencies have not responded as we had all expected. They continue to doubt (and therefore punish) our shared Greek and European reform program,

Theres so much horseshit in this letter but i thought it worth highlighting how these megalomaniacs think. There it is , just goose the markets.

Theyre officially losing control though and i dont see anything Europe can do to prevent all out collapse of the EZ.  Soon to be followed by the UK and then the US.

Put another packet of popcorn in the microwave sports fans.

Mon, 07/11/2011 - 18:03 | 1445586 jbc77
jbc77's picture

Fucking classic. Thanks man.

Mon, 07/11/2011 - 17:24 | 1445471 Janice
Janice's picture

I heard a lovely little suggestion for Greece today.  Take all the bailout money that they can get, default in one year and re-introduce the Drachma, and then devalue the Drachma by 50%.  Greece would become an inexpensive tourist destination, the tourist would flock there and the Greek economy would be back in full swing in two years.

Mon, 07/11/2011 - 17:25 | 1445485 NotApplicable
NotApplicable's picture

But what of the poor starving bankers? What about them?

Mon, 07/11/2011 - 17:28 | 1445490 equity_momo
equity_momo's picture

Nice idea but we arent far from peak air-travel for the plebs. Budget airlines will go to wall in the next leg of this depression. And make tourism very colloquial.

The bucket and spade brigade will be priced out of air travel in a few years and it will return to how it was in the 60s.

Mon, 07/11/2011 - 17:47 | 1445546 IQ 145
IQ 145's picture

 Railroads. Europe has railroads. It's already the way it was in the 60's; Greece was broke then too, and they have been devaluing their currency regularly during the twentieth century. The Euro scam was an irressitable temptation to do it up big time; and the basic idea is that Germany and Holland and Denmark pay the bills; not exactly a practical plan.

Mon, 07/11/2011 - 18:12 | 1445617 equity_momo
equity_momo's picture

Good point re railroads. Very impressive they are too.

Mon, 07/11/2011 - 17:24 | 1445474 AbandonShip
AbandonShip's picture

"leaders, advisors, and technical experts"  <--ROFLMAO

Good 1 G-Pap. 

Mon, 07/11/2011 - 17:24 | 1445478 NotApplicable
NotApplicable's picture

Buyer's remorse, G-Pap?

Mon, 07/11/2011 - 17:25 | 1445480 Cursive
Cursive's picture

So this is what it was like inside the Oakland Raiders locker room in the '70's.

Mon, 07/11/2011 - 17:26 | 1445481 agent default
agent default's picture

What does he mean convince the markets we are serious?  You are broke and that's serious. And the markets already know that.  Seriously.

BTW G-Pap, what about those Greek CDSs your brother trades?  The shit is about hit the fan over that one in Greece pretty soon, apparently opposition MPs are all over this and about to make a big stink.

Mon, 07/11/2011 - 17:27 | 1445487 lizzy36
lizzy36's picture

Oddly nothing in there about Greece missing its Public deficit Target for the first half of 2011.

Greece’s public budget deficit widened to E12.78billion in the first half of this year, putting it 23.2% above the governments target of E10.374 billion, according to preliminary data released by the Greek Finance Ministry.

But then again accountability isn't a defined word for Politicians.

Mon, 07/11/2011 - 17:28 | 1445492 Joebloinvestor
Joebloinvestor's picture

HAHAHA

It is just like the cartoon about US foreign aid.

They have one hand out and the other hand giving the finger.

The EU deserves the grief they give themselves because they don't have the guts to do the right thing and cave to fear mongering.

Mon, 07/11/2011 - 17:29 | 1445493 Franken_Stein
Franken_Stein's picture

 

That G-Pap smear went right into the face of the Eurocrats.

 

Mon, 07/11/2011 - 17:31 | 1445499 scratch_and_sniff
scratch_and_sniff's picture

Ha ha, Tax Havens, thats just taking the piss.

He says;

"The purpose of this letter is not to get into details of possible solutions as many ideas have already been put on the table: rollovers, reprofiling, buybacks, bond exchanges, eurobonds, extension of maturities, lower interest rates, EFSF flexibility, etc."

Then says;

"What I do believe is that we need a comprehensive and new assessment of both the problems ahead of us, and careful weighing-first and foremost, on a sophisticated technical level-of our options." What I believe is that Greece has had a very “comprehensive assessment” of both the problems ahead of them, and careful weighing, first and foremost on a sophisticated technical level-of they’re options…it can all be summed up eloquently in very un-technical language - YOURE FUCKED.

Mon, 07/11/2011 - 17:33 | 1445505 JR
JR's picture

It is impossible to steal from a country such as the IMF has from Greece without the full cooperation of its political leader.  For example, if Papandreou didn’t want his country to be sold and given to the bankers, he only had to a) tell the bankers their arrangements were fraud and he’s not going to pay, and b) tell the people the truth and start walking the road back to honest nationhood.

The people would have stuck with him…

There are two sides to a cheating arrangement. Both the politicians and the bankers have been a party to fraud… that now threatens the breakup of the Eurozone.

Mon, 07/11/2011 - 17:33 | 1445509 A Man without Q...
A Man without Qualities's picture

Hey, bitch

Stop cheating on your taxes, stealing money and moving it offshore and stop offering shit to voters that you cannot afford.

We all know what Greece represents to the origins of Western culture, but we're sick of being told it by some Gucci-loafered sweaty, hairy twat propping up the bar on the French riviera. I'm fed up with this evil bankers this, Nazi Germans that, loss of sovereignty bullshit. The elites of Greece have siphoned cash off, avoided taxes and generally run their country into the ground. Now, they are hoping to bankrupt the country, at which point they'll get the $300 billion plus of funds stored in Switzerland and buy everything up on the cheap. The average worker in Greece needs to wise up and see who the enemy is.

Mon, 07/11/2011 - 17:58 | 1445568 IQ 145
IQ 145's picture

 As Pogo, the cartoon character said; "we have met the enemy, and he is us".

Mon, 07/11/2011 - 17:35 | 1445515 Big Ben
Big Ben's picture

This famous Keynes quote comes to mind:

"If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours."

 

Mon, 07/11/2011 - 17:58 | 1445567 cosmictrainwreck
cosmictrainwreck's picture

aha! I wondered where that came from; I'd always heard "if you owe the bank a lttle, you're in trouble....owe a lot, the bank's in trouble"

Mon, 07/11/2011 - 18:31 | 1445674 cosmictrainwreck
cosmictrainwreck's picture

well, Ben, somebody doesn't like our take - or us, maybe. must be one of those longs, in a bad mood. narrows it down pretty tight. or that douche "coppertop". OR one of them right-wing capitalist nazis that think the scum-bag "bailee" should have no rights & STFU. I smell even more junks coming Ha!

Mon, 07/11/2011 - 17:35 | 1445520 FlyPaper
FlyPaper's picture

On the other hand, the Europeans have been dragging their feet and dragging their feet and dragging their feet (France/Germany)... to keep pretend and extend going.  The bottom line is Greece is insolvent.  

He's got a point there... 

Mon, 07/11/2011 - 17:39 | 1445528 bigwavedave
bigwavedave's picture

probably just pissed at being upstaged by the italians the last few days. 

Mon, 07/11/2011 - 17:40 | 1445530 Piranhanoia
Piranhanoia's picture

Pappy speaks directly to mighty Tim Bernankadrino.  Here you go, that's right, down on your knees now.  No, no,  lookie straight ahead and you will see it wiggling,  see!  see it!  It's my gyro and you gonna take a nice long drag.  

Mon, 07/11/2011 - 17:42 | 1445532 SwingForce
SwingForce's picture

Take the Money and RUN!  €€€€

Mon, 07/11/2011 - 17:44 | 1445539 THE DORK OF CORK
THE DORK OF CORK's picture

I am disappointed with Zero Hedge analysis - this is all theatre - the end game is the destruction of the nation state.

The speculators could have been liquidated in 2008 but were given the blessing of the CBs

Money is a goverment function - goverment has left the building.

The ECB is their handmaiden - their Bible is Hayeks "denationalisation of money"

This is the end of people and the rise of the machines.

Mon, 07/11/2011 - 17:49 | 1445552 lesterbegood
lesterbegood's picture

+1776

Mon, 07/11/2011 - 18:01 | 1445581 Tyler Durden
Tyler Durden's picture

The nation state disappeared about 20 years ago when the corporations took over and globalization became the norm.

It's not about machines and never has been. It is all about boardrooms and the harvesting of profits while socializing losses.

Mon, 07/11/2011 - 18:20 | 1445639 THE DORK OF CORK
THE DORK OF CORK's picture

The machines I was referring to are indeed those soulless bastards inside those boardrooms harvesting profits & socialising loses.

What libertarians fail to realise is that endeavours to free themselves from the old nation state makes them easier prey for various non state actors.

And I am aware the process accelerated 20 years ago but the powers that be want to normalise that arrangement using new official power structures - see ECB , EU etc.

The nation state was really a product of bankers but the synthesis of power did not suit their all consuming greed - they have ejected the Princes from postions of power using their vanity to propel the ejection sequence.

 

Mon, 07/11/2011 - 18:36 | 1445699 Lord Welligton
Lord Welligton's picture

Sweet Jeebus.

You really don't get it do you.

The nation state was really a product of bankers but the synthesis of power did not suit their all consuming greed

Why don't you go and write a book.

Everyone will buy a copy.

Who was the first one that gave the "order" to "invade" Ireland?

Mon, 07/11/2011 - 18:56 | 1445758 THE DORK OF CORK
THE DORK OF CORK's picture

Cromwell was a republican baby - banking interests were behind this faction as they challenged the landed aristocracy of the Royalists.

The modern nation state replaced the clan system - Highland Scotland was a even more classic case.

Their military superioty was partially as a result of banks raising money more efficiently - the Dutch banking interests were all over this Lord.

Mon, 07/11/2011 - 19:03 | 1445779 Lord Welligton
Lord Welligton's picture

Laudabiliter was a papal bull issued in 1155 by Adrian IV, the only Englishman to serve as Pope, giving the Angevin King Henry II of England the right to assume control over Ireland and apply the Gregorian Reforms in the Irish church.

 

1169.

Nothing to do with banks.

Just power.

The Pope didn't like the free expression of "Christianity".

So he sent in the Normans.

Mind you it took an Irishman to invite them.

Who do you think that was?

Mon, 07/11/2011 - 19:18 | 1445816 THE DORK OF CORK
THE DORK OF CORK's picture

@Lord

I was not referring to the history of Irish invasions - I was referring to the birth of the modern nation state.

In the middle ages most people could not read - there really was no Irish or French as we understand them.

The Catholic Church was the very first corporation with power that stretched across borders that were not national borders.

It used tax raising powers to centralise wealth - it did not need to use usury at that time.

Mon, 07/11/2011 - 19:31 | 1445860 Lord Welligton
Lord Welligton's picture

Dork,

Really don't want to disagree much with you.

You say "Bank" and "Nation State".

I say the basic element of psychopathy.

The desire, without understanding, for power.

Whether it is money, religion or sex is, I think, an irrelevance.

What is relevant is that, and I'm guessing here, only 1% of humanity suffers from the disease of psychopathy.

And only 1% of them are caught.

The rest work their way to the top of banking, religion and politics.

It's just that there are more people, and therefore more psychopaths, around right now.

 

 

 

Mon, 07/11/2011 - 19:37 | 1445889 janus
janus's picture

good show

Mon, 07/11/2011 - 19:44 | 1445913 jm
jm's picture

It's not the size of the scholar in a fight, it's the size of the fight in a scholar.

Mon, 07/11/2011 - 19:56 | 1445958 THE DORK OF CORK
THE DORK OF CORK's picture

The world has always been mad

Have you ever traipsed along the rough bounds of the Knoydart ?

Its rough enough without redcoats chasing you.

www.youtube.com/watch?v=bh8m-eyykHM

 

Mon, 07/11/2011 - 20:20 | 1446029 THE DORK OF CORK
THE DORK OF CORK's picture

Yes its a strange place - I am not boasting but I know the west coast of Scotland pretty well, you can put up with the rain but not the midges.

www.youtube.com/watch?v=qsj5AZuJniA

 

Mon, 07/11/2011 - 20:49 | 1446106 Lord Welligton
Lord Welligton's picture

Lock Arkaig?

http://americanmonsters.com/site/wp-content/uploads/2009/12/loch-Arkaig.jpg

The route that the Prince took with the help of Cameron.

How did the Scottish Lords get their land back after the rebellion?

Mon, 07/11/2011 - 21:34 | 1446170 THE DORK OF CORK
THE DORK OF CORK's picture

The Prince was a useless piece of shit - but he could run...........

I guess they accepted the new reality , others that did not died or left those shores.

I think the 1971 film Kidnapped which adapted R.L. Stevenson's two novels is a good yarn and perhaps captures some of the post Culloden atmosphere from that time - the landcapes are excellent & Micheal Caine is a surprisingly good Highlander.!!!!!

www.youtube.com/watch?v=2Qym6hQos0A

 

www.youtube.com/watch?v=B0D9DLZLzko

 

 

 

Mon, 07/11/2011 - 19:12 | 1445541 slewie the pi-rat
slewie the pi-rat's picture

hahahaha!  slewie translation 1:

"pullllleeeease! give us the 121 Bil imf Euroz!  we'll give you anything, if we, somehow,  fail to repay!  look what you have done, already!"

G-pap goes public with the need for the political leadership to continue its public opinion brainwashing... 

G-pap is v. good.  almost like a central bankster, really.  how can anybody not want more loans? 

Mon, 07/11/2011 - 17:45 | 1445542 SwingForce
SwingForce's picture

Cheech & Chong's Dogshit: http://www.youtube.com/watch?v=eY7ZX6ngOSs

Mon, 07/11/2011 - 17:53 | 1445557 oldman
oldman's picture

GP is almost with us. He still finds a need to explain, but then, at least, he does it with tongue-in-cheek.

If I was forced to make a decision on his admission into the 'do-nothing-dudes', I suppose I could let him in under 'provisional'. But since doing this confuses me by seeming to be 'something', I will do-nothing about this thought except watch it blow across the vast emptiness of this oldman's mind.

I am already sufficiently confused

Mon, 07/11/2011 - 17:54 | 1445560 Lord Welligton
Mon, 07/11/2011 - 19:03 | 1445778 janus
janus's picture

Thank you, Lord Wellington.  You do the Knights of Bath great credit.

Why aren't cartoons awesome anymore?

I think the hairless vagina may be to blame for all of this.

Mon, 07/11/2011 - 19:11 | 1445797 Lord Welligton
Lord Welligton's picture

Why aren't cartoons awesome anymore?

They try to send too many messages at once.

South Park is good I think.

I think the hairless vagina may be to blame for all of this.

I must admit I have no objection to it myself.

Mon, 07/11/2011 - 19:23 | 1445830 janus
janus's picture

southpark -- naturally, the exception that proves the rule.  But your reflexes are good.  Still, can't watch southpark with the kids -- strictly prohibited by the better h.

Your predeliction viz. the pussy; it may be fading; i'm long on trim...always have been.

Say, old boy, can you answer something for me?  I'll donate 25 yankee greenbacks to ZH, in honor of Queen and Country, if you can tell me the name of the brand smoked by this hack writer I took a shyin' to...P.G. Wodehouse.  I haven't been able to uncover the answer, in spite of herculean effort. 

"the nations, not so blessed as (we)/

must in their time to tyrants fall/

but we shall prosper great and free/

the dread and envy of them all"

Mon, 07/11/2011 - 19:57 | 1445963 Lord Welligton
Lord Welligton's picture

if you can tell me the name of the brand smoked by this hack writer I took a shyin' to...P.G. Wodehouse

Don't know the brand.

But he called them "gaspers".

Apparently he knew how to smoke plain cigarettes and drive an Aston Martin.

Mon, 07/11/2011 - 20:14 | 1446008 janus
janus's picture

Yeah, I've gotten that far.  But, i reckon that's enough...maybe I'm to continue smoking these Van Nelle Zware hand-rolled jobs...the donation is made in honor of Wellington.

I know it's tacky to mention things like this, but I'm very proud of it.  Wodehouse and I belonged to the same golf club in Aiken, SC.  It's called The Palmetto; gentlemen only.

Wellington would have gone down hard had the field been anything but slop.

Vive Napoleon!

(I'm not trying to pick a fight, just reminding you)

Mon, 07/11/2011 - 20:25 | 1446040 Lord Welligton
Lord Welligton's picture

It has been a damned serious business... Blucher and I have lost 30,000 men. It has been a damned nice thing — the nearest run thing you ever saw in your life. ... By God! I don't think it would have been done if I had not been there.

Enjoy your smokes.

Mon, 07/11/2011 - 20:30 | 1446057 Lord Welligton
Lord Welligton's picture
Rule Britannia!
Britannia rule the waves.
Britons never, never, never shall be slaves. The nations, not so blest as thee,
Must in their turn, to tyrants fall,
Must in their turn, must in their turn, to tyrants fall,
While thou shalt flourish, shalt flourish great and free,
The dread and envy of them all.
Mon, 07/11/2011 - 20:39 | 1446082 janus
janus's picture

gooseflesh-making.

Sorry, people. I cannot deny that the currents of Saxon Zeal course mightily in me.

Mon, 07/11/2011 - 18:01 | 1445580 slaughterer
slaughterer's picture

To quote Turd:  "Ha Ha, Fuck G-Pap."

Mon, 07/11/2011 - 18:03 | 1445584 Lord Welligton
Lord Welligton's picture

Greece is responsible for her past inaction. However over the past year Greece has taken the pain, made unprecedented decisions, and yet we have paid for too much experimentation and confusion.

Got news for you old cock.

You were the one who willingly engaged in the experiment.

 

Mon, 07/11/2011 - 18:09 | 1445606 MacedonianGlory
MacedonianGlory's picture

The masturbation goes cloud

Mon, 07/11/2011 - 18:11 | 1445614 Lord Welligton
Lord Welligton's picture

All these debates-around the new Greek program, private sector involvement, the amount of funding necessary, the talk of 'selective default'-- and the continued cacophony in the media only make the problems in front of us more difficult to solve.

Why?

You sad sack of shit traitor.

Does the truth hurt?

Greece is bankrupt.

Stop torturing your people and declare a default.

 

Mon, 07/11/2011 - 18:15 | 1445624 slaughterer
slaughterer's picture

Message to my G-Pap bitch: Fucking default already.  My gold is itching for you to do the inevitable.  You will do it in 2012 anyhow.  Just get it over with.  

Mon, 07/11/2011 - 18:19 | 1445636 Lord Welligton
Lord Welligton's picture

Going from crisis to crisis at such a weak stage of recovery, with such a cacophonous press and frightened public, is not any longer an option Greece can sustain.

 

Absolutely and completely fucking unbelievable.

What the fuck do you do all day George?

Suck Barroso's cock?

What about your country.

Did you just wake up from a bad dream?

Mon, 07/11/2011 - 18:26 | 1445652 MacedonianGlory
MacedonianGlory's picture

He does kayaking in between smoking pot

Mon, 07/11/2011 - 18:24 | 1445648 Lord Welligton
Lord Welligton's picture

Going from crisis to crisis at such a weak stage of recovery, with such a cacophonous press and frightened public, is not any longer an option Greece can sustain.

 

Got news for you traitor.

They are not frightened. It's just that they woke up before you.

They see you for the traitor you are.

You are the one who is frightened.

And with good cause.

You are scum.

 

 

Mon, 07/11/2011 - 18:30 | 1445671 jm
jm's picture

Dear Rest of the World:

We can do this x 1,000,000,000,000.  Don't put us in a bad spot, bros.

Love,

The United States of America

Mon, 07/11/2011 - 18:46 | 1445727 Lord Welligton
Lord Welligton's picture

Had major reforms been implemented years ago we would have avoided the current crisis.

 

You lying piece of shit.

Your father?

Following the German occupation of Greece in World War II, he joined the predominantly Venizelist government-in-exile based in Egypt

Time for you to go into exile and stop selling out your country for a French Vichy dream.

Go now.

And let your people make their own decisions.

You are a traitor.

You disgust your father.

 

 

Mon, 07/11/2011 - 19:08 | 1445788 janus
janus's picture

Who is this Wellington?

Good grief, I'm going to look hard for some bone over which we can scrap.  You're just the sort that will do this world a lot of good.  Careful, that kind of stuff will get you nothing but trouble.

Mon, 07/11/2011 - 18:59 | 1445766 chump666
chump666's picture

a zombie country...its already dead

Mon, 07/11/2011 - 19:01 | 1445772 oldman
oldman's picture

Where does all of this anger come from???

Look in the mirror---------how are we any different?

Are you dudes sure that you are on the correct blog?

This is ZH, man----no hedge---do nothing---accept what the turn of the wheel does

Tyler, what about all of this anger

I thought that this was fight club---not piss'nmoan club

Mon, 07/11/2011 - 19:18 | 1445821 Lord Welligton
Lord Welligton's picture

I thought that this was fight club---not piss'nmoan club

Shut the fuck up dickhead.

Mon, 07/11/2011 - 20:03 | 1445983 oldman
oldman's picture

LW,

I apologize. I had no idea this was so personal.

Though, I must confess that I'm having fun on Comedy Hour.

'Doing-nothing' disrepectful,    om

Mon, 07/11/2011 - 20:13 | 1446004 Lord Welligton
Lord Welligton's picture

I could care less.

Mon, 07/11/2011 - 20:30 | 1446056 oldman
oldman's picture

My Dear LW,

Of course, i think it is a joke.

I have watched this 'joke' unfold for decades now and have been so disappointed many times by the lack of a punchline that even now I can hardly accept this as the real thing.

These clowns that think they are motus are truly jokes---we keep them in place by paying attention to their actions, and this is another joke.

None of this shit is personal---you make your bet, you win or lose, and a new game begins

 

There is neither gain or loss---just a passing of time and space

We are really getting a lot for our money this time, if

this is the big joke

No hard feelings Lord wellington    it is not a personal matter

Mon, 07/11/2011 - 20:35 | 1446072 Lord Welligton
Lord Welligton's picture

None of this shit is personal---you make your bet, you win or lose, and a new game begins

I have not doubt they understand.

http://www.euaustralia.com/wp-content/war-graves.jpg

Mon, 07/11/2011 - 20:45 | 1446094 oldman
oldman's picture

Sorry about that---a few of those are mine, also.

That IS 'personal'.

However, with enough distance and time the universe expands and the personal falls away and all this oldman can do is to laugh at what a great fool he is.

Laughing at a great fool is fun---especially when it is one's own self.

Everything will balance out----this is called universal justice

It is all the justice I am going to receive.

good luck on youir trades, LW

Mon, 07/11/2011 - 19:21 | 1445825 slewie the pi-rat
slewie the pi-rat's picture

this is a very adroit attempt @ a total buzzkill for Comedy Hour!

you're good at what you do!  esp in the piss & moan dept...

Mon, 07/11/2011 - 19:14 | 1445806 allenaki
allenaki's picture

The "Madison Avenue Advisory Board" maybe has contributed in writing this letter.

This advisory board consists of the about 170 or something advisors from all over the world who advise G-Papster.

Most of them professors, nobel laureates in economics, in sustainable environmental bullshit etc.

G-Papster is fluent in english, both spoken and writtern, his mother language is the american language, after all.

He probably has an american passport.

Father?

No, this was the grandfather in Egypt.

The father "escaped" (with an airplane) to the USA during the military junta.

This is common for the greek political clan, all "escaped" "with a little help from their friends" to the USA, to Paris, to Egypt, to London during the WW2, during the junta.

While, all the other "ordinary" greek people remained home and suffered or fighted.

Α mansion in Greece is relatively "worthless" compared to other assets, Chicago Sky scrapers for example.

Mon, 07/11/2011 - 19:22 | 1445827 Lord Welligton
Lord Welligton's picture

Father?

No, this was the grandfather in Egypt.

My lack of knowledge there.

I stick with my proposition.

The current one is a Traitor to the Greek people.

Of course he does not consider himself "Greek".

He is a "globalist".

He like the Irish globalists want only one thing.

The enslavement of the people they come from.

Mon, 07/11/2011 - 19:30 | 1445856 allenaki
allenaki's picture

 Of course he is a dedicated globalist.

He is a "machine", programmed to execute the agenda and therefore very dangerous for the greek people, and not only.

Mon, 07/11/2011 - 19:49 | 1445926 Lord Welligton
Lord Welligton's picture

He is a "machine", programmed to execute the agenda and therefore very dangerous for the greek people, and not only

No argument there.

Mon, 07/11/2011 - 19:56 | 1445956 Quantum Nucleonics
Quantum Nucleonics's picture

I guess the check cleared.

Mon, 07/11/2011 - 19:59 | 1445968 agent default
agent default's picture

Has anybody noticed that every time there is an article about Greece, mass junking ensues?  They are a touchy bunch aren't they?

Mon, 07/11/2011 - 20:11 | 1445999 midnight
midnight's picture

Probably because you rednecks can't see that this is a lame distraction from US internal problems.

Mon, 07/11/2011 - 20:14 | 1446009 oldman
oldman's picture

Touchy?

Not as in 'touchy-feely', I am sorry to say.

But I do detect the lack of a wider perspective; one that includes a sense of humor.

Perhaps, Comedy Hour is too complicated for everyone to enjoy.

i liked your post, however, agent default.

Mon, 07/11/2011 - 20:31 | 1446058 janus
janus's picture

don't take it hard, old sport.  It's the same with me: the salt in the wound is the salt of mirth.

Mon, 07/11/2011 - 21:30 | 1446203 Buck Johnson
Buck Johnson's picture

I'm surprised the rest of the EU haven't figured out what G-Pap and many know, the old saying.  When you owe your bank 100,000 dollars, it's your problem.  When you owe your bank 200 billion dollars it's the banks problem.  In niceties G-Pap is saying this and knows that the EU can't allow Greece to fall because it will push the other dominoes down and then we will see trillions upon trillions in default (not to mention the derivatives).  As I've said many times before, I don't think that Greece is going to be able to or even want to do these austerity things regardless of what deals they have made.  Because at the end of the day, these politicians can't make an enemy of the whole country without chancing a revolution and possible arrest and execution.

Mon, 07/11/2011 - 21:39 | 1446224 MS7
MS7's picture

I guess I never take what G-Pap says at face value. I bet he got the ok from his bosses before sending the letter. Maybe he's trying to appear tough so the Greeks don't try him for treason?

Mon, 07/11/2011 - 21:51 | 1446268 MS7
MS7's picture

Finally, a mainstream newspaper in Greece, Eleutherotypia, raised some questions regarding CDS and the Papandreou family-- specifically G-Pap's brother, A-Pap. Apparently, A-Pap had a high position in a company that bet against Greece. A-Pap denied he had anything to do with the CDS the company handled. I believe he also threatened to sue the newspaper. So, I'm not sure if this will go anywhere (and whether it will lead to accusations that G-Pap sold the Greece's default insurance, even though he knew the economy was about to tank). But it seems significant that the topic was sort of raised in a popular newspaper.

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