Federal Reserve Plant To Be Next Greek Finance Minister

Tyler Durden's picture

Update: according to sources, L-Pap has taken the smart way out and has decided to reject the offer to replace G-Pap #2.

According to Greek TV, and this is not confirmed by the Greek government yet, Lucas Papademos ("L-Pap", or "The Plant") will replace "Goldman employee of the year" Giorgios Papaconstantinou, (or G-Pap the Second as he is known on Zero Hedge) who is now the sacrificial lamb of the complete failure that is the PASOK government in Greece. A quick glance at L-Pap's resume explains why the European banking cartel is delighted with this nomination: "He followed an academic career at Columbia University, as well as
serving as Senior Economist at the Federal Reserve Bank of Boston in
. He joined the Bank of Greece in 1985 as Chief Economist, rising to
Deputy Governor in 1993 and Governor in 1994. He was Vice President of the European Central Bank from 2002 to 2010." Take a wild guess whether The Plant will be on the side of his "constituency" or of the Criminal Banking syndicate in the upcoming plunder of Greece. And yes, this is quite bullish for the Ensolventzone Central Bank (and its currency) which was about to be saddled with tens of billions of defaulted debt pledged in its nether regions as cash collateral.

From Wikipedia:

Lucas Demetrios Papademos (Greek: Λουκ?ς Παπαδ?μος; born 11 October 1947 in Athens), is a Greek economist, former Vice President of the European Central Bank.

Papademos attended the Massachusetts Institute of Technology, gaining a degree in physics in 1970, a masters degree in electrical engineering in 1972, and a doctorate in economics, in 1978.

He followed an academic career at Columbia University, as well as serving as Senior Economist at the Federal Reserve Bank of Boston in 1980. He joined the Bank of Greece in 1985 as Chief Economist, rising to Deputy Governor in 1993 and Governor in 1994.

He was Vice President of the European Central Bank from 2002 to 2010.

He has been a member of the Trilateral Commission since 1998.

He is a member of the Academy of Athens, and a professor of the University of Athens.

And here are some of his recent thoughts on what Greece should do from Greek reporter:

A well-known adviser to Greece’s government Saturday warned that a restructuring  of Greece’s debts would be not only be “undesirable” for the country, but would have negative spillover effects to other parts of the 17-nation euro zone.

Lucas Papademos, speaking at an event organized by the Central Bank of Cyprus in the coastal town of Limassol warned that any kind of debt restructuring would “undermine” the government’s overhaul efforts.

“The only sensible way forward” is to push ahead with ambitious and large-scale reforms, including the privatization of state assets, he said.

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Timmay's picture

Not going to end well.... for him.

redpill's picture

I wish ZH would lay off all these innocent Greek Pap guys.  It's turned into a real Pap smear around here.


DavidC's picture

Naughty redpill! But very funny!


TruthInSunshine's picture

Guys, guys, guys...listen up.

Please quit talking "nonsense." Thanks.


06-16 13:11: ECB's Mersch says nonsense talk about Greece insolvency must stop now
falak pema's picture

So many phony, pedophile Papas for such an orphan country!

G-R-U-N-T's picture

L-Pap's: "I said start those fuckn' presses NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"


eureka's picture

redpill: "a real Pap smear around here"...

Indeed "around here"; smear spawn courtecy Columbia U, Ivy Ilk Globa-Fi-Scum Machine.

Spec not of the speck in Greece, but the logs in Geekman Sachs, Cali, D.C., Penta-gram (ehh "gun")... the USUK collectivist cartels of cricle-jerkle fratboys of death mongering.

My Motto: Angloginem *USUKs delendam esse.

*(US+UK) The original FI-DOM-Scum (DOM; abrv. add "inatrix")


TradingJoe's picture

I agree, but I don't think he'll take the job, unless he is, well, how shall I put it, "hungry"?

quintago's picture

Another academic. Oh the joys of education.

djsmps's picture

Greece needs a transitory government.

agent default's picture

Greece needs to file for chapter 7.

baby_BLYTHE's picture

at this point, it is likely they get a dictator.

Cognitive Dissonance's picture


They aren't all Federal Reserve plants. I find that disappointing. Time to ring up the Bilderbergers to find out who's dropping the ball..............besides Miami.

Arius's picture

the fact that he is a longterm serving member of the Trilateral commission makes me comfortable he will follow the script...time to buy!

Problem Is's picture

"They aren't all Federal Reserve plants."

Do you mean plant as in treasonous covert operatives... or plant as in potted (e.g. "Crazy Chester" Greenspan)?

Problem Is's picture

BTW: "who's dropping the ball..............besides Miami."

LeBron certainly suffers from cognitive dissonance...

Cognitive Dissonance's picture

I'm a little surprised I wasn't showered with junks. I'll try harder next time. :>)

malikai's picture

He'll do a great job, for whoever he's really working for.

agent default's picture

He may get nominated but I don't think he will take the offer.  One of the reasons G-Pap is postponing the government reshuffle is because he can't find any people willing to join.  Seriously.

Cognitive Dissonance's picture

Will all finance whores please raise their right hand.

See, there are plenty of takers. You must be mistaken.

Cognitive Dissonance's picture

Xe to the rescue.

If I were negotiating his contract I would demand there be a 5 man team of bodyguards on duty at all times and an extraction team on standby 24/7.

But that's just me.

alexwest's picture

is he going take $$$/drahma printing press w/ him?
or benny jet will deliver fresh crisp 'benjamins' by himself


redpill's picture

I think I saw a step ladder in IKEA with that name

DavidC's picture

You're on a roll today! That made me laugh more than the Pap smear one!


falak pema's picture

IKEA is a dangerous place to visit...mini bombs every where...talk about eskalation.

Incubus's picture

I'm guessing this is what euro-guido wannabes listen to?

PY-129-20's picture

No, they're actually listening to the original version. You need to understand some German to understand the joke. It's about a party that is getting messy.


But I actually like Feindflug...


cognus's picture

The Repo man for the syndicate

Bob's picture

So The Family hopes. 

FunkyMonkeyBoy's picture

Worldwide fascist dictatorship... a step closer everyday.

centerline's picture

So far it seems to be progressing nicely.  Just let the unsustainable debt and austerity topple the governments one-by-one until everyone is begging for salvation.

Version 7's picture

People have now gone through such an enduring process of detachment from reallity and gratuitous mindlessness, that I fear they will happily continue to go along, enslaved by a lack of awareness that has become chronic, satisfied in their misery.

tickhound's picture

"...Columbia University, as well as serving... at the Federal Reserve Bank of Boston... Chief Economist... Governor in 1994... Vice President of the European Central Bank..."

= recipe for another financial weapon of mass destruction.

QQQBall's picture

L-Pap "The Auctioneer"

centerline's picture

When history looks back on this time, all of this will be either be forgotten (because the "people" lost and the bankers won and history was written accordingly) or we will collectively have to hold our heads in shame.

mayhem_korner's picture

Meet the new boss...same as the ol' boss.

Any word on whether he chauffered for the Rockefellers?

TradingJoe's picture

Mr Market doesn't seem to "take" this "news"! Selling into "strength" is still the order of the day!

Cone of Uncertainty's picture

Tte populace needs to root out these whores by attacking them at their homes--drive these fuckers out of the country.

Instead of 25,000 people marching on downtown Athens, how about finding out where these people live and simply engage in some mob rule justice.

dwdollar's picture

Eventually, one of these candidates will be able to fool the Greek populace.  That's what the banking cartel hopes anyway.

Seasmoke's picture

the bastards sure are playing Russian Roulette with their lives taking these jobs