Germany's Critical Main Opposition Party Says "No Greek Bailout "

Tyler Durden's picture

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etrader's picture

Hmmm there's rumours of a BA flight been forced to do a 2 engine shut down and divert to Ostend with engine damage.

Maybe things will get more delayed on the Greek issue with the "head lads" being delayed getting to Greece....

Carl Spackler's picture

Jawohl!

Socialists voting against helping other Socialists.

 

 

Recovery3000's picture

What idiot would want to buy any Greek debt product?  Thanks to the Fed's ZIRP no one can find any yield unless it is through fat Tony's loan program with the juice at 5 points.

Cookie's picture

Leo K. wanted in at 7%!!!

Internet Tough Guy's picture

If he liked it at 7, he loves it at 8.

Recovery3000's picture

What idiot would want to buy any Greek debt product?  Thanks to the Fed's ZIRP no one can find any yield unless it is through fat Tony's loan program with the juice at 5 points.

terranstyler's picture

Come on, politics here in Germany is as crappy as everywhere. The SPD will hurry to vote for any rescue package as soon as it is the only political obstacle left in the way. Media will then praise them for their late but wise decision.

It is always like that. Stupidity is infinite and all around -.- My only hope is Axel Weber of the Bundesbank

HarryWanger's picture

I agree, just political posturing. They'll cave quickly when needed.

That being said, I'm watching SPX and /ES closely today. If we close below 1200 on both, we may be heading for a bit of a correction. 

hedgeless_horseman's picture

I'm watching SPX and /ES closely today. If we close below 1200...

Listen -- lewdly-named-anonymous-spin-meisters with patriotic avatars trying to lend credibility to round-numbered-support levels of easily-manipulated indices is no basis for an investment decision.  Solid-equity-trading strategies are solely derived from a mandate from the Federal Reserve Chairman, not from some farcical Edwards and McGee ceremony.

--------------------------------------------------

And now for something not so completely different:

http://www.youtube.com/watch?v=dOOTKA0aGI0

malek's picture

The SPD really has become the laughing stock of political parties.
This posturing is more like grapping for straws for the upcoming NRW state elecetions.

glenlloyd's picture

the reason there's no outrage over this is 1) there's really been no pain here yet and 2) because people don't see / feel the connection to this there's no complaint.

If people understood the ramifications of what will undoubtedly happen here I think sentiment might be a tad bit different. Then again since it doesn't involve Lost, or Idol it gathers little attention. People have been sufficiently dumbed down.

Kina's picture

They said from the very begining in the clearest of unequivocal terms that they would not pass a Greek bail out. I and others have been saying since then that there was no will or way that Germany would approve a bailout.

They will have to find another way to fudge it or simply leave it all to the IMF. My bet is for a default as it is all too late and there no Greek will and, the others are about to line up for bigger amounts.

 

dcb's picture

it makes me wish i lived in germany where maybe they have a bit of democracy. It mkaes total sense. the us has the mst to loose if the global ponzi scheme is shown. so why do anything. now you have paul.

dcb's picture

i just wrote ron paul begging we don't get stuck with bernanke bailing out greece.

ZackAttack's picture

Write your congresscritters.

Let 'em know that it's unacceptable to use US taxpayer funds to bail out European banks.

Let 'em know if they do, they're out on their collective asses.

A Man without Qualities's picture

At some point somebody has to say no more to all this insanity. Any bailouts would merely delay the day on which Greek debt is restructured so rather than have it drag on for a few months, why not get it over with now?

SingleCross's picture

In response to "... America, which is not even on the same continent as Greece, and which will be forced to likely foot a major portion of a bailout, should one occur, has seen absolutely no popular reaction to the fact that it will soon be bailout out a country far, far, away."

I'd bet that most Americans do not realize that the IMF is largely an extension of their tax dollars, via the Powerz that seem to control the TBTF and the gov.

metastar's picture

Fellow Americans, enjoy your sleep. It is easier for a thief in the night (think FED) to do his work. Nothing to see here as the reaper prepares to cut your throat. Believe it when they tell you that its all for your own good.

BlackBeard's picture

At least they have a real opposition party.

Buck Johnson's picture

German people and politicians don't want to bailout a country that not only lied its way into the EU, but made it seem that THEY and not the others are victim of this debt fiasco.  They should let Greece default and do nothing about it.