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First Greek Parliamentary Departure Puts Bailout Vote In Question
It appears that the "guaranteed" political consensus required to pass the Troica's mid-term fiscal proposal, also known as the "bailout #2" vote, which will soon be voted upon in Parliament, may not be all that guaranteed. Reuters reports that a "Greek deputy says will leave ruling PASOK parliamentary group over new austerity plan." Could the government shake up discussed earlier be coming far sooner than G-Pap wanted, and should PASOK lose more deputies in the next several days, that will make the vote passage just a tad problematic.
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It's actually 2 of them that expressed their dissidence just today, and most probably will not vote for the plan. A third one has already declared that he will remain a member of the party but will not vote for the plan. PASOK has 153 MPs left that might vote for it (151 votes needed).
Elections in 3,2,1,...
Default in 10,9,8,7,6,5,4,3,2,1,...
Συν ενα
so when is the vote?
Classical US world trick, paid shills, staged opposition...
In this US world, supposedly, there is political opposition providing an alternate plans to the ongoing plan. To keep the face and maintain the appearances, the Greek political class has to stage a fake opposition, that would allow not to be judged in one block.
These two guys are playing the opposition token to enable their political brethern not to thrown in the same rubbish bin.
Any fellow who come up with "see, politicals, they are all the same, they are all corrupt" will be thrown in his face the story of those two politicians who dissent from the block.
US driven world, same trick as usual.
In this US world, people are driven to judge people in group with loose connections (racism) while it is absolutely forbidden to judge people in group when they have convergence of best interests and strong elected connections.
Your avatar makes you seem a trustable source on things concerning Greece, I'm even willing to bet that you are close enough to actually dip your balls into the Aegean. I digress...
Do you think Greek MPs are long PMs?
Greece is fine!!!
Yep...had my ball joints lubed two months ago. Not at all concerned about Grease.
**and anyway, I parked my truck in the escapte tunnel, so no problem for me**
And getting better every minute! Democracy in action.
I like an honest guy who never hedges his opinion.
A fully hedged opinion is the mark of an economist.
...this HAS to be bullish...no?
It's hard for a government to vote for a deficit to go to zero instantaneously, which is what default does -- since any shortfall cannot thereafter be funding by borrowing.
They will ALWAYS vote for the "gradual and eventual approach" for deficits to go to zero, even though they never do. The curious thing about Greece is that they have to understand that the swaps have terrified the ECB and EU. They should be demanding that their bailout be in the form of grants, not loans. They truly do have that much bargaining power.
I disagree with german pain tolerance.
They are ready to cut greece off and bite the bullet if greece doesnt obey.
All the bdsm sites are dominated by german videos.
They enjoy giving and receiving pain.
And the Euro loves it!
Paper is as paper does~abracadabra!
Vote passage just a tad problematic for many reasons,
Some of them are standing out in front of the Parliament building...
One would hope that realizing sooner than later that killing your fellow countrymen over something as meaningless as perpetuating the debt fraud would not be worth it to some of these 'officials'. The number of people in parliament that still believe it's worth choking the peasantry (or their fellow country-men, women, and children) is very disappointing nonetheless.
Hey when your own neck has been fitted for a noose, suddenly everyone elses neck looks very chokeable.
Everything runs better when no one is around. Just look at the today's volume and the amount of movement up. So if all of parliament departs, then Greece will have massive momentum to the upside. Fundamentals are for suckers.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p81971659116
Zero volume retard meltup...I guess when the casino is totaly empty its real easy to raise up the jackpot on the slot machines.
Oh come now Dog, you should know by now that "less shitty" economic news is reason for the Algos to throw a party!
Yay for full retard mode.
Should be great news for US 200+ P/E stocks Im sure.
The chances of positively resolving Europe's serious debt problems are decreasing from day to day as authorities focus on "buying more time," not solving problems, billionaire investor George Soros said on Tuesday.
see what happens when peoples' necks (literally) are on the line.
http://www.zerohedge.com/article/further-proof-ongoing-nuclear-chain-rea...
…and on the payer's side the new boss of Bundesbank (German central bank) stated that the euro would survive a "default of a country belonging to the euro-zone"
To summarize the Spiegel-article:
If the Greeks do not save as promised, Germany will not pay even if Greece defaults. Even if that might trigger CDS-payments.
Eu commissioner Rehn stated that some other EU countries disagree but" a solution is closer then most think."
source in german:
http://www.spiegel.de/wirtschaft/soziales/0,1518,768287,00.html
THE FINAL SOLUTION
Can't wait for the "solution" the ponzimaster Rehn has cooked up this time. He and his little kleptocrat buddies have "saved" the world so many times that one would think it's all golden now. Only viable solution is to default and break up the little french wet day dream called euro.
And the little ouzo-zorba party is over...
more like final fantasy MCXIV
Another miss in deficit target but somehow IMF, EU and ECB found that all is well and gave the green light to release next aid tranche. Somehow these global criminals (troica) are free to do whatever to save a few banksters and oppress the rest without any questions asked. I hope Greece does the only rational thing and goes ahead with default.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_14/06/2011_394672
And good luck with this one too:
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_14/06/2011_394593
I've had it with all the PASOKing on this plane!
This does not bode well for spanakopita futures.
OT: Here we go again with the eurobonds... Funny how it's always the most indebted ones pushing for these. Italy's outstanding gubbermint debt accounts for roughly 25% of total eurozone gubbermint debt.
06-14 14:03: Italian finance minister says spokes with EU's Barroso about creating EurobondsThe people's parliament simply needs to publicly declare that a criminal investigation must be completed into the prior debt issues and that all debt repayments for investigated entities (read the IMF and certain Euro banks) are suspended.
Greece then gets bailed by China.
Next problem?
Is the vote tommorrow, of June 28?
Either way, alot of people are expecting shit hitting the fan tommorrow. 1/2 price Wednesday's for Molotov cocktails!