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G-Pap Says Not Only Is He Not Resigning, But Government Reshuffle Has Been Postponed

Tyler Durden's picture




 

Per Reuters, the "Greek Prime Minister George Papandreou said on Thursday he would stick to the course of reforms and would continue to seek wider consensus among Greece's political parties. "I seek and will continue seeking wider consensus," he told Parliament in an address. "Our response to the challenges we face is stability and to stay on our course of reforms." Apparently, the man who is now without any credibility, also announced during a live televizied appearance that the Cabinet shuffle, announced yesterday to placate the masses has been postponed according to Sky News. Curiously he also said,to a standing ovation, that he would reshuffle his
cabinet before putting it to a vote of confidence by the parliament. In other words, everything has been kicked down the street and there is even less confidence about what is about to happen than before. This is increasingly starting to smell like a (hopefully non-violent) government overthrow in the making, especially now that G-Pap officially has less than the 151 votes needed to pass any PASOK proposal following recent party defections.

 

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Thu, 06/16/2011 - 11:44 | 1374678 the not so migh...
the not so mighty maximiza's picture

He is so brave and selfless to hold onto power.

Thu, 06/16/2011 - 11:54 | 1374734 hedgeless_horseman
hedgeless_horseman's picture

I nominate G-Pap as Prime Minister For Life.  Do I have a second?

Thu, 06/16/2011 - 12:05 | 1374767 Caviar Emptor
Caviar Emptor's picture

Ha! He fooled 'em!

Thu, 06/16/2011 - 11:46 | 1374685 Cognitive Dissonance
Cognitive Dissonance's picture

G-Pap has been reported to be digging fox holes and defensive trenches in the Acropolis.

"You'll have to pry the Drachmas Euros from my cold dead hands."

Thu, 06/16/2011 - 11:46 | 1374691 qussl3
qussl3's picture

Still waiting for the tunnel to finish up?

 

Thu, 06/16/2011 - 11:48 | 1374711 plocequ1
plocequ1's picture

Is it similar to the tunnel Andy Dufresne crawled through?

Thu, 06/16/2011 - 11:48 | 1374717 PY-129-20
PY-129-20's picture

Tunnel cleaners were probably striking yesterday. They probably need some foreign workers to do the clean-up.

Thu, 06/16/2011 - 12:34 | 1374874 hpro123
hpro123's picture

Well, the original story in Youtube from Kontra channel DID specifically say that it wa sforeign workers that were tunnel-cleaning so...

Thu, 06/16/2011 - 11:44 | 1374695 firstdivision
firstdivision's picture

Are the riots continuing yet?

Thu, 06/16/2011 - 11:50 | 1374721 Cdad
Cdad's picture

Not sure, but I hear that the Greek government is handing out free antipsychotic medications to protesters...as members of parliament have actually hit the point of saturation and they have leftovers.

Thu, 06/16/2011 - 11:44 | 1374696 PaperBear
PaperBear's picture

Will there now be a greater number of Greeks descending on Athens ?

Thu, 06/16/2011 - 11:48 | 1374704 Deepskyy
Deepskyy's picture

A better deke than vancouver could come up with all last night.  G-pap must have been watching the Bruins and taking notes.

Thu, 06/16/2011 - 11:49 | 1374709 Corduroy
Corduroy's picture

The captain wants to appear to sink with the listing ship (but once it starts capsizing he will vamoose before the women and children)

Thu, 06/16/2011 - 12:02 | 1374710 baby_BLYTHE
baby_BLYTHE's picture

Greeks don't need IMF shock therapy.

Reissue the drachma, which naturally be devalued fairly significantly against the Euro, endure a quick 1-2 year deflationary depression. Then rebuild

You don't want the IMF. Certainly not to pledge sovereign land as collateral to the jackals

Thu, 06/16/2011 - 12:11 | 1374778 PY-129-20
PY-129-20's picture

That Celente link was interesting. Thanks.

---

I am tired of this Greek-Euro drama.

Thu, 06/16/2011 - 11:50 | 1374713 OpenEyes
OpenEyes's picture

rumor this morning on CNBC was that a bailout for Greece would be announced on Sunday, regardless.  Seems as if the banks are counting their exposure and deciding it will be less expensive to kick the can down the road for a while than tally their losses.  So, as long as the status quo is being maintained, I suppose that G-Pap feels like he can also do the same.  

I especially liked this quote:"Our response to the challenges we face is stability and to stay on our course of reforms."  Yeah, they should 'stay the course' it's been working out so well for them so far.

Thu, 06/16/2011 - 11:47 | 1374716 lolmao500
lolmao500's picture

OFF WITH HIS HEAD.

Thu, 06/16/2011 - 11:50 | 1374720 nonclaim
nonclaim's picture

Is there still a government working in Greece? Nobody seems to be accountable for anything... you promise a thing and its opposite and both are fine, nobody cares.

Thu, 06/16/2011 - 12:07 | 1374760 taraxias
taraxias's picture

Just in Greece????

Thu, 06/16/2011 - 12:05 | 1374766 falak pema
falak pema's picture

Well they think they can get away with a cut and paste job from their european model : Belgium. But the loan sharks seem hotter on Greece's trail, then looking for Brussels sprouts.

"Why don't they go bite Belgian ass", G-Papan must be asking himself. "Why MEEEEE?"

Thu, 06/16/2011 - 11:58 | 1374725 AldoHux_IV
AldoHux_IV's picture

He sounds like Mubarak, Berlusconi, Bernanke, Rehn, Ben Ali, Bashar Al-Assad-- just about anyone leader who have been acting only on behalf of a small group of beneficiaries while submitting mass economic and social damage to the masses-- striping away the very rights and opportunities of the individual.

What stabililty has Papendreou brought the Greek people since the turmoil began? Strikes, mass protests, disrtuptions in the government, growing resentment for the current system-- if anything he and his fellow euro officials have brought more instability to the overall system because they have not the interests of the people in mind, but only their banking masters.  Stability as defined by this treacherous group is the continuation of this current regime, and that's not what Greece, europe, or the rest of the world needs.  The Greek people need to take their country back and the abusive rapacious rule of the EU/ECB/IMF.

Greece, like all countries around the world, needs leadership from the people for the people and not some bullshit institution that currently engages in economic genocide in only to further a broke insolvent system of debt.

Thu, 06/16/2011 - 11:52 | 1374730 Alea Iacta Est
Alea Iacta Est's picture

06-16 11:53: GREEK PARLIAMENT REPORTEDLY HEADED FOR THERMOPYLAE PASS

Thu, 06/16/2011 - 12:01 | 1374742 mayhem_korner
mayhem_korner's picture

This just in...

Pap-smear extends hand to Weiner, inquires about new positions.

Weiner says he doesn't "do Greek".

Thu, 06/16/2011 - 12:01 | 1374743 Arius
Arius's picture

in face of such instanbility in Greece, the US market is roaring (despite terrrible US data)....

for a moment, I almost believed that Greece was able to influence the world markets...foolish me...

Thu, 06/16/2011 - 12:08 | 1374765 SheepDog-One
SheepDog-One's picture

'US market roaring' Im just not seeing it with the DOW up +60. Big deal.

Thu, 06/16/2011 - 12:07 | 1374771 falak pema
falak pema's picture

The mouse that roared! 

Thu, 06/16/2011 - 12:02 | 1374747 nah
nah's picture

it amazes me how much backbone politicians have standing up to public discontent over giving trillions to banks.... really how are banks not contributing to increasing insecurity of citizens... while we go to war with libya for freedom

.

my bet is these banks have created and support a system of conflict that breeds revolution in many a guise.... like people who hate freedom or law or money or whatever

.

banks will find the warriors to fight over their bones

Thu, 06/16/2011 - 12:05 | 1374764 taraxias
taraxias's picture

They already have, it's called.......the police.

Thu, 06/16/2011 - 12:05 | 1374749 Jim in MN
Jim in MN's picture

AP: French banks in firing line over Greek crisis, downgrades likely, government response haughty and arrogant.

Thu, 06/16/2011 - 12:00 | 1374751 gwar5
gwar5's picture

By pretending to step down, G-Pap created time to get more financial and personal safety guarantees from the EU and bankers.

TPTB are losing nothing by dragging this out waiting for a hail Mary. I guess it wears out the opposition sitting in the streets? Worked so well for Mubarack dontcha know.

Thu, 06/16/2011 - 12:04 | 1374762 Robslob
Robslob's picture

Excuse me but I certainly thought timmy Geethner and Been Burnake got to vote as well...that should give him 2 extra votes and another $500 Billion in U.S. Taxpayer funds right there!

What worry?

Thu, 06/16/2011 - 12:04 | 1374763 Robslob
Robslob's picture

Excuse me but I certainly thought Timmy Geethner and Been Burnake got to vote as well...that should give him 2 extra votes and another $500 Billion in U.S. Taxpayer funds right there!

What worry?

Thu, 06/16/2011 - 12:10 | 1374769 Caviar Emptor
Caviar Emptor's picture

The Greek rescue package is being delivered by helicopter in 3...2...1...

Thu, 06/16/2011 - 12:10 | 1374770 SheepDog-One
SheepDog-One's picture

'Stock markets' remind me of just before 2008 big dive, up 100 one day, down 200 the next, up 100....eerily similar.

Thu, 06/16/2011 - 12:09 | 1374786 Cognitive Dissonance
Thu, 06/16/2011 - 12:22 | 1374823 OpenEyes
OpenEyes's picture

I've been thinking the exact same thing lately.  so many things look, feel, sound exactly as they did then.  

Thu, 06/16/2011 - 12:12 | 1374782 falak pema
falak pema's picture

'Black Hawk down' time...? I don't know how to say it in Greek!

Thu, 06/16/2011 - 12:14 | 1374790 Seer
Seer's picture

Do people demand a really just system? Well, we'll arrange it so that they'll be satisfied with one that's a little less unjust ... They want a revolution, and we'll give them reforms -- lots of reforms; we'll drown them in reforms. Or rather, we'll drown them in promises of reforms, because we'll never give them real ones either!!

- DARIO FO, Accidental Death of an Anarchist

When will people learn...

Thu, 06/16/2011 - 12:14 | 1374800 MonsterZero
MonsterZero's picture

If only the Greeks had a losing hockey team we'd see some real rioting.

Thu, 06/16/2011 - 12:24 | 1374840 redpill
redpill's picture

Aw who gives a puck.

 

Thu, 06/16/2011 - 12:27 | 1374853 hpro123
hpro123's picture

Time for fun and bitchassness!!!

Hey Tyler, you have the timelines wrong!!!!

The man said yesterday afternoon that he was resigning for the common good and forming a coalition government that would include of high-profile beyond-reproach figures.

The man said last evening that he was actually going to carry the load on his own since his opposition made it a media circus and that he was announcing the new, reshuffled and improved crisis cabinet today. Cabinet would be put under a vote of confidence Sunday evening.

The man said today that he was actually announcing the new, reshuffled and improved crisis cabinet sometime in the near future and that it  would be put under a vote of confidence sometime next week !!!

I cannot see why you say he has no credibility anymore???? These are only 3 rout changes in less than 24 hours... it cannot be as bad as you make it sound, can it?

:-)

 

Thu, 06/16/2011 - 13:09 | 1374993 Curtis LeMay
Curtis LeMay's picture

"The challenge before us, the moment we are facing, is historic. Either Europe will make history or history will wipe out the European Union" - Prime Minister George Papandreou, Athens 16 June 2011 - 4:36pm

Radio Netherlands

http://www.rnw.nl/english/bulletin/greek-pm-demands-unity-lawmakers-defect-0

= = = = =

Given that Greece's democracy is about 2500 years old, and EU tyranny about a dozen, where u gonna put your bets, eh?

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