Greek Cabinet Reshuffle Summary

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Fri, 06/17/2011 - 07:04 | 1376948 Cassandra Syndrome
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Rumours of a €150 Billion bailout. They just don't get it, if there is another bailout the strings attached will be that severe that the Greeks will burn the place and the default will be even more severe plus the extra funds.

The Powers That Be long term view is now down to 1 week. Game Over.

 

Fri, 06/17/2011 - 07:09 | 1376952 hamurobby
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150b is almost twice the "original" estimate, it will probably end up being 300b before its finally tossed.

Fri, 06/17/2011 - 07:14 | 1376957 CPL
CPL's picture

Kidding me, TPTB are already sabre rattling in China if anyone hadn't noticed.  Besides look at those STRONG MARKET FUTURES we're going to break 12k before open.

 

Like magic!!  On bad news, bad earnings, awful situation.

 

So don't worry about it.  QE3 already happened, we need to fund that massive nuclear war we are about to have later this year.

Fri, 06/17/2011 - 07:13 | 1376953 Paralympic Equity
Paralympic Equity's picture

Aaaaand the markets went again on full retarded mode. Dax now up 1,15%...

After the shitload from Merkel and Bonaparte, that they have agreed on the agreement that nothing is agreed, the markets went vertical, are traders retarded?

Fri, 06/17/2011 - 07:16 | 1376958 CPL
CPL's picture

Yup...for no reason other than the children in charge can make the money and the rules.  We'll see how this turns out over the weekend.

 

CTRL-ALT-BANK

Fri, 06/17/2011 - 07:28 | 1376981 ratso
ratso's picture

Strike up the old Titanic band.  When the music stops, nothing will have changed except that the end will be more clearly in sight.

Fri, 06/17/2011 - 07:24 | 1376964 Tense INDIAN
Tense INDIAN's picture

Its all about Sentiment..thats it

Fri, 06/17/2011 - 07:25 | 1376967 GeneMarchbanks
GeneMarchbanks's picture

Your question presupposes that there are "markets" and, what I'm assuming, you mean by "traders", are humans. Not sure this is the case but, whatever.

Fri, 06/17/2011 - 07:34 | 1376997 Paralympic Equity
Paralympic Equity's picture

My mistake, sorry.

I have this naive and romantic view of the market, I see people participating in creating demand and supply, but you are right.

Fri, 06/17/2011 - 07:26 | 1376970 hamurobby
hamurobby's picture

I think its covering at resistance from yesterday in the euro and usd, by next week we should hit resume, and maybe by this afternoon.

Fri, 06/17/2011 - 07:12 | 1376954 Mae Kadoodie
Mae Kadoodie's picture

So the outgoing Defense Minister is now the Finance Minister?  How hard could that job be?

Fri, 06/17/2011 - 07:20 | 1376965 chump666
chump666's picture

hahahaha i know and the greek protesters are thinking whats next martial law

Fri, 06/17/2011 - 07:14 | 1376955 bigdumbnugly
bigdumbnugly's picture

may i be the first to reference rearranging the deck chairs on the titanic?

that ususally comes up in situations like this.

 

Fri, 06/17/2011 - 07:18 | 1376956 Tense INDIAN
Tense INDIAN's picture

Tyler ...i was dissapointed to see that you did not make the list ...::

 

http://www.activistpost.com/2011/06/10-most-influential-people-in.html#more

Fri, 06/17/2011 - 07:24 | 1376973 Arius
Arius's picture

which raises my faith on ZH ....

Fri, 06/17/2011 - 07:20 | 1376960 chump666
chump666's picture

getting comical ancient Rome style.  Greece is gone. 

good stuff zero hedge. we are about to witness the beginning of the end

Fri, 06/17/2011 - 07:18 | 1376962 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

It's a damn shame you can't take the best elements from the US and the best elements from europe and mingle them. Then you'd get a population to kick out the banksters:

Best things about europeans: quicker to take to the streets, more educated, hot chicks, good diet, romantic lifestyle

Best things about Americans: closer to the land/history of self-sustainability, armed, less liberal minded PC pacifist crap is spoken

If only, if only....!

Fri, 06/17/2011 - 07:20 | 1376963 Corduroy
Corduroy's picture

Greek government is full of shit. Merky and Sarkastik are full of shit. Bennie is full of shit. Sterlin Merlin is full of shit. Obamalade is full of shit. The stock markets are full of shit.

The facade will not last the summer.

Fri, 06/17/2011 - 07:22 | 1376969 litoralkey
litoralkey's picture

NATO's southeastern air superiority is paramount.

Erdogan and the Islamists in Turkey sealed GReece's financial rescue... when in 2003 Turkey refused the US 4th Infantry Division access to northern Iraq and later on Erdogan and his allies restricted movement at Incirlik Air Base, and when US friendly Turkish military conspirators were arrested en masse.  When the 4th ID finally did enter Iraq (via ship and from the south several weeks later), they were at that point carrying a battalion of the Greek Army with them, as a direct FU to Erdogan.

Evangelos Venizelos controls one of the largest (US built and paid for) air wings in NATO.  NO matter what happens on the streets of Athens, there Greek air bases are going to continue to be well funded and secure operations.

Fri, 06/17/2011 - 07:34 | 1376995 spanish inquisition
spanish inquisition's picture

The only thing the Greeks can do to impress the markets at this point is to default. Spend 5 years rebuilding like Iceland, rather than be in slavery for 30. 

http://www.bloomberg.com/news/2011-06-15/greece-ireland-can-t-default-like-iceland.html

“Iceland should be humble and avoid advising other countries, especially when it comes to banking,” Sigfusson said. “What happened was an emergency situation which couldn’t be avoided.”

(Translation - Fuck yeah, do it. I just can't say so, or they will invade us)-

Fri, 06/17/2011 - 07:51 | 1377024 NuYawkFrankie
NuYawkFrankie's picture

Cant someone do sumthin about these freekin Greek names?  Get 1/2 way thru any report on this topic & realise I havn't got a freekin clue who the players are.

Must be some sorta script that can translate "Doppadoopalous" into "Smith", Papapopppolis into "Jones" etc.

Othersiwse its all freekin Greek to me :( 

Fri, 06/17/2011 - 07:49 | 1377028 NuYawkFrankie
NuYawkFrankie's picture

Cant someone do sumthin about these freekin Greek names?  Get 1/2 way thru any report on this topic & realise I havn't got a freekin clue who the players are.

Must be some sorta script that can translate "Doppadoopalous" into "Smith", Papapopppolis into "Jones" etc

Otherwise, its all freekin Greek to me :(

Fri, 06/17/2011 - 07:54 | 1377031 NuYawkFrankie
NuYawkFrankie's picture

Cant someone do sumthin about these freekin Greek names?  Get 1/2 way thru any report on this topic & realise I havn't got a freekin clue who the players are.

Must be some sorta script that can translate "Doppadoopalous" into "Smith", Papapopppolis into "Jones" etc

Otherwise, i'm afraid, its all freekin Greek to me :(

Fri, 06/17/2011 - 07:53 | 1377034 huggy_in_london
huggy_in_london's picture

like jamie dimon did to his name!

Fri, 06/17/2011 - 07:59 | 1377044 NuYawkFrankie
NuYawkFrankie's picture

Dimond greek as well?

Fri, 06/17/2011 - 13:14 | 1378029 jmc8888
jmc8888's picture

Outgoing defense minister? Nothing like knowing where to put the troops when deciding on how to screw your people for the banksters. 

What a farce.

Glass-Steagall

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