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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the not so mighty maximiza's picture

He is so brave and selfless to hold onto power.

hedgeless_horseman's picture

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

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."

qussl3's picture

Still waiting for the tunnel to finish up?


plocequ1's picture

Is it similar to the tunnel Andy Dufresne crawled through?

PY-129-20's picture

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

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...

firstdivision's picture

Are the riots continuing yet?

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.

PaperBear's picture

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

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.

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)

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

PY-129-20's picture

That Celente link was interesting. Thanks.


I am tired of this Greek-Euro drama.

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.

lolmao500's picture


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.

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?"

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.

Alea Iacta Est's picture


mayhem_korner's picture

This just in...

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

Weiner says he doesn't "do Greek".

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...

SheepDog-One's picture

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

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

taraxias's picture

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

Jim in MN's picture

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

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.

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?

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?

Caviar Emptor's picture

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

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.

OpenEyes's picture

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

falak pema's picture

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

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...

MonsterZero's picture

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

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?



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


= = = = =

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