This page has been archived and commenting is disabled.

Official Statement By An Insolvent Europe On An Insolvent Greece

Tyler Durden's picture




 

Blah Blah Blah. We are broke. Blah Blah Blah

Eurogroup Statement

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 06/19/2011 - 21:44 | 1383513 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

We are the world, we are the children...

Sun, 06/19/2011 - 22:14 | 1383595 phungus_mungus
phungus_mungus's picture

We're serial this time! Captain Crunch even!!! 

Sun, 06/19/2011 - 22:58 | 1383686 ambrosiac
ambrosiac's picture

 

You won't take my Cayenne, Olli Rehn, Olli Rehn

Mon, 06/20/2011 - 08:08 | 1384430 Greyhat
Greyhat's picture

Of cause they will take your Cayenne, its shortly before Machtergreifung 2.0. Hail to our great leders! :-)

”The Council has made a major step forward towards better economic governance in the EU”

http://www.eu2011.hu/hir/council-agreement-economic-governance-package

Greece will become the modern equivalent to the burning Reichstag.

Sun, 06/19/2011 - 21:40 | 1383514 tmosley
tmosley's picture

I think everything any politician says translates to this once you run it through the lie-->truth translation machine.

Sun, 06/19/2011 - 21:59 | 1383538 bob_dabolina
bob_dabolina's picture

So where are the markets going?

Any price targets? Time Frames?

lemme guess...infinite volatility? 

Sun, 06/19/2011 - 22:34 | 1383632 tmosley
tmosley's picture

Damn, you're still all butthurt and shit.

Get a life.

Sun, 06/19/2011 - 22:48 | 1383666 bob_dabolina
bob_dabolina's picture

You're my bitch. 

I own you. 

How does that make you feel?

Sun, 06/19/2011 - 23:05 | 1383701 tmosley
tmosley's picture

What exactly do you want out of this exchange?

You are just acting like a butthurt moron.  Better to simply remain silent.

Sun, 06/19/2011 - 23:36 | 1383765 bob_dabolina
bob_dabolina's picture

bd.bobdbobd.bd@gmail.com 

contact me there. 

Mon, 06/20/2011 - 08:23 | 1384444 tmosley
tmosley's picture

Yeah, I'll do that.

Pfft.

Here's a hint--I'm not particularly interested in you.  You are the one who replies to my comments that aren't directed at you.  You are not a unique little snowflake.  I treat you the same way I treat the legion of other trolls, who have all crawled away in shame after being proven WRONG over and over.

I would suggest you be silent in the future.  All you do otherwise is make a fool of yourself, and collect junks.

If you must hate me, then hate me.  There is a support group for that.  "Butthurt faggot trolls who were dismembered by tmosley anonymous".  Perhaps you ought to sit in on a session.

Sun, 06/19/2011 - 21:42 | 1383517 The Aviator
The Aviator's picture

Waiting for an official statement about the insolvent US

Sun, 06/19/2011 - 23:08 | 1383709 HungrySeagull
HungrySeagull's picture

From who? A ineffective president playing golf? A congress unable to do anything other than filibuster? or a court that needs months to decide or remand the case somewhere else?

Europe is like the Canker family in the trailer park always squabbling over nothing. Centuries of it.

Mon, 06/20/2011 - 05:10 | 1384291 Greyhat
Greyhat's picture

This IS a statement about an insolvent US/IMF. They want european guaranties for their "help" now. ;)

Sun, 06/19/2011 - 21:43 | 1383522 mccoyspace
mccoyspace's picture

how vapid can you get?

Sun, 06/19/2011 - 21:50 | 1383528 The Aviator
The Aviator's picture

sarcasm

Sun, 06/19/2011 - 21:51 | 1383530 bugs_
bugs_'s picture

Haven't the Americans raised their (our) debt ceiling yet???

WHAT IS TAKING SO LONG???

 

Sun, 06/19/2011 - 23:06 | 1383711 HungrySeagull
HungrySeagull's picture

It is easier to raise your own credit card limit than it is for Uncle Sam to do it.

One call does it all. Instant approval.

But here Congress is in it up to eyeballs. And they get nothing done.

Sun, 06/19/2011 - 21:49 | 1383537 nmewn
nmewn's picture

Where's my check?

Mon, 06/20/2011 - 06:21 | 1384337 Yen Cross
Yen Cross's picture

 In the mail, with another bill for the paper it's written on!           YEN

Sun, 06/19/2011 - 21:57 | 1383545 djsmps
djsmps's picture

These pretzels are making me thirsty.

Sun, 06/19/2011 - 21:57 | 1383556 nantucket
nantucket's picture

beyond classic.

Sun, 06/19/2011 - 23:06 | 1383713 HungrySeagull
HungrySeagull's picture

Damn it Barkeep, keep that likker sliding over here!

never mind the speakeasy. Pour it right heah.

Sun, 06/19/2011 - 21:53 | 1383546 Yancey Ward
Yancey Ward's picture

Ok,  I want to announce that I will bail out Europe.  Just trust me.

Sun, 06/19/2011 - 21:58 | 1383550 Forgiven
Forgiven's picture

Drink a bottle of Ozo.

Fill the empty bottle with gasoline (NOT Diesel - dummy)

Stuff a piece of cloth into the neck of the bottle, leaving plenty hanging outside.

Tip the bottle upside down to allow some of the gas to lightly soak the cloth.

Find a suitable target.

Light it and chuck it.

Repeat until you are as broke as your country is.

 

Sun, 06/19/2011 - 23:13 | 1383715 HungrySeagull
HungrySeagull's picture

Did'nt Alexander the Great burn down a city or Palace in drunken revels one time? heh.

At one time shortly after 911 that information or recipies for bomb making would get you jailed.

Hell, they also yanked all nuclear plant diagrams and other stuff off the internet 10 years ago.

Not knowing we are here to discuss FUKU in agonizing forensic detail for months with detailed charts worthy of penthouse or playboy.

Mon, 06/20/2011 - 01:51 | 1384115 Antipodeus
Antipodeus's picture

'Someone' burned down Darius' palace in Persepolis (pretty sure that wasn't the proper Persian name tho' - 'history' is written by the victors, after all).

Now - if only Alexander had had shares in Boeing.

Very 'Persep-tive' of you.  ;=)

 

 

 

Sun, 06/19/2011 - 23:27 | 1383757 Monedas
Monedas's picture

That's the Molotov Cocktail....been around since the 1956 Hungarian uprising, I think ? Here's the Monedas Cocktail: Drink a bottle of Ouzo ! Fill it with gasoline and screw the lid on tight ! Duct tape twoo, threee or foooour sparklers, close together at least at their tips, to the side of the bottle ! Light the sparklers with a butane cigarette lighter or whatever ! Take your time, take aim and launch ! Monedas 2011 It uses Space Shuttle ignition technology !

Mon, 06/20/2011 - 01:44 | 1384105 Antipodeus
Antipodeus's picture

Aren't you supposed to put soap flakes, or detergent, or something, in the bottom to make the gasoline 'sticky'?  Or something?  ;=)

 

Sun, 06/19/2011 - 22:01 | 1383551 Caviar Emptor
Caviar Emptor's picture

Vague translation: Ya see don't get yer hopes up that we're gonna bail all y'all forever, Piigs. It's not like we're just printing money or anything, see? It's not like we're just gonna play sanny klaus and come round with trillions every time there's a hiccup that threatens our buddies at the big banks and Wall Street. We got that situation totally under control ok?. Totally. We tell them what to do not the other way 'round, got it? 

Sun, 06/19/2011 - 22:00 | 1383554 Joebloinvestor
Joebloinvestor's picture

This sounds like it was written by Geitner.

Sun, 06/19/2011 - 21:59 | 1383557 dwdollar
dwdollar's picture

BLAH BLAH BLAH is all it takes to convince the bulls to BUY BUY BUY.

 

Sun, 06/19/2011 - 23:10 | 1383722 HungrySeagull
HungrySeagull's picture

No it convinces Charlie Brown in Class that the Teacher is not worth listening to. They can only stare out the window (If provided...) and dream of a life after school. However short and violent it may be downtown.

Sun, 06/19/2011 - 21:59 | 1383562 curly
curly's picture

Are the Proles losing patience?  Or maybe waking up?

tik tok elitar.  tik tok

maybe a little early, but I sense a distant rumbling.

and it's not that bean burrito

 

Sun, 06/19/2011 - 21:59 | 1383565 JustACitizen
JustACitizen's picture

I have great hopes for the Greeks...

I think that what the statement really says is "we really, really hope that you Greeks don't elect a government that will just repudiate this deal and mess up all of our butt-buddies at the banks".

Sun, 06/19/2011 - 22:20 | 1383574 gwar5
gwar5's picture

"We shall have peace for our time." -- Neville Chamberlain, British PM, September 30, 1938.

No wonder German was almost the official language during the first European Union. We're really supposed to look up to these effete liars? Bring back DSK so we get to fight back, at least no one claimed he was impotent. 

Mon, 06/20/2011 - 01:49 | 1384120 Antipodeus
Antipodeus's picture

No, just 'Important'.

 

Sun, 06/19/2011 - 22:08 | 1383577 Caviar Emptor
Caviar Emptor's picture

I'll bail you, you'll bail me

We're one happy family

With a great big hug and a kiss from me to you

Won't you say you'll bail me too?

-Barney, the Bailing Central Bankster (R) 

Sun, 06/19/2011 - 22:09 | 1383584 carbonmutant
carbonmutant's picture

Mutually Assured Insolvency...

Sun, 06/19/2011 - 22:15 | 1383589 MountainLotus
MountainLotus's picture

In my opinion, this crisis is caused by the flaw of Democracy, which is us, Voters! This flaw now happens every where, Greece, USA or even in my country, Thailand.

Right now, we're going to have a new election on 3rd July and ,sadly, every political party only try to please us by promoting hand out money policy (Tax cut, Debt relief, Stimulus plans... you name it). Can't blame the politician though, because, if someone dare try to promote Stop Stimulus plans or Raise Tax, he will be a goner. So, since politicians can't look ahead longer than 4 years term, these crazy deficit spending policies will go on and on and on until... well, look at Greece. When that happen, Don't blame politician, political system, China or anyone else, Blame YOU (ME).

Sun, 06/19/2011 - 22:14 | 1383596 grove300
grove300's picture

I BELIEVE THE POOP HAS NOW HIT THE FAN, LOCK THE DOOR HIDE THE KIDS.  I DON'T THINK THE GREEKS ARE PAYING. THERE IS A REALIZATION, THE BANKS HAVE A BETTER CHANCE TO SEE GOD THEN GET PAID BY GREECE OR PORTUGAL SPAIN OR ITALY AND LASTLY IRISH BANKS.

THE FIRST RULE IN BANKING DON'T LEND TO CRACK ADDICTS

Sun, 06/19/2011 - 22:21 | 1383612 holdbuysell
holdbuysell's picture

Actually, I think, as bad as it is for the Greeks, they've done their homework and know that if they go, the whole show's over for the banksters. They have the trump card if they can hold on.

"Borrow $100 and can't pay the bank, you've got a problem. Borrow $1B and can't pay the bank, the bank's got a problem."

Right now, every single bank on this planet has a problem. Hyperbole acknowledged.

Sun, 06/19/2011 - 22:30 | 1383631 Caviar Emptor
Caviar Emptor's picture

+1. Ponzi Econ 101

Sun, 06/19/2011 - 23:12 | 1383727 HungrySeagull
HungrySeagull's picture

No it's evacuate the house via escape and evade with a go bag, handing weapons to spouse and kids. And then hide from the grid as it searches for every last dime to save themselves.

The raiding has started with Government Worker's own retirement accounts and Social Security at one time long ago.

Sun, 06/19/2011 - 22:18 | 1383597 holdbuysell
holdbuysell's picture

Ten bucks say they issue the same with the word 'July' replaced with 'August'.

Wash, rinse, repeat.

Sun, 06/19/2011 - 23:14 | 1383731 HungrySeagull
HungrySeagull's picture

I'll cover your ten and show you fireworks which noise will cover the associated shootings that will occur that evening on the 4th.

I say Guns of October. October tends to be the month with which to make a war before the brutal winter breaks steel and entombs the dead in ice.

Sun, 06/19/2011 - 22:23 | 1383616 knavechild
knavechild's picture

Nice and brief, like a little song I used to lull my son to sleep with on the car ride home from the zoo today.

I call it the "Sheeple Song":

I'm a little sheeple....doo doo dooooo.
I love GMO...doo doo doooo.
I love fiat money...doo doo dooo.
Dancing with the Stars...doo doo dooo.
I'm a little sheeple....doo doo YEA!

*repeat*

 

 

Sun, 06/19/2011 - 22:34 | 1383637 Caviar Emptor
Caviar Emptor's picture

Same tune, different lyrics for a bankster lulling his own son to sleep:

I'm a big banskter short and stout

Here is my wallet, here is my clout

 

Sun, 06/19/2011 - 22:59 | 1383695 chump666
chump666's picture

The EU is loosing control, even if the ECB prints Germany will start to get frisky.  Makes me think how primitive economics (and the morons at gov and CB's) is as a science.  At least hedge funds follow chaos theory outcomes. 

Sun, 06/19/2011 - 23:19 | 1383737 HungrySeagull
HungrySeagull's picture

Germans Frisky? Nooooo!

 

Hurry Pass the damn Brat Bitte! Not your kinder dumbkoft!! the sausage schnell!

Sun, 06/19/2011 - 23:31 | 1383762 chump666
chump666's picture

hahahaha thats good

Sun, 06/19/2011 - 23:34 | 1383771 Monedas
Monedas's picture

See Monedas Cocktail recipe above about 15 posts ! FYI

Sun, 06/19/2011 - 23:41 | 1383778 sasebo
sasebo's picture

Ever wonder why the incompenant, stupid asshole politicians selected rich people to print money? Or is it why the people they picked to print money were rich?  

Sun, 06/19/2011 - 23:54 | 1383827 Problem Is
Problem Is's picture

Rich people picked incompetent, stupid assholes to be politicians so they could loot and print money...

Mon, 06/20/2011 - 02:38 | 1384186 OldTrooper
OldTrooper's picture

Problem Is wins tonight's "Cause and Effect" challenge question!  Tell the man what he's won, Johnny!  It's a new CAR - the 2011 Chevy Volt, the car that almost gets you anywhere you sorta want to be in the next hour or so as long as it's not more than 50-60 miles!  (payment of all taxes responsibilty of 'winner' - please see agents Grab and Snatch of the IRS following this broadcast).

+1, on the money, Problem Is.

Sun, 06/19/2011 - 23:45 | 1383783 Charles Wilson
Charles Wilson's picture

"Rooooollllll another one...

Just like the other one...

That one's burnt almost to th' end...

So, come on, be a real friend..."

-- The Fraternity of Man

 

CW

Sun, 06/19/2011 - 23:52 | 1383823 Problem Is
Problem Is's picture

Blah, blah, blah..
Wir sind pleite...
We are broke...
Nous sommes a éclaté.
Blah, blah, blah..

Mon, 06/20/2011 - 00:02 | 1383832 mendigo
mendigo's picture

this greek thing sounds like BS - bunch of people predicting the end of the world

somehow 100 b$ is going to bring the world to its knees - some kind of butterfly effect

bernanke stands ready to flood them with liquidity

how can someone go bankrupt when they own a printing press?

Mon, 06/20/2011 - 02:11 | 1384155 Yen Cross
Yen Cross's picture

100b is chump change! It's the loss in( Faith of the Bankstas)    That collapse empires.

Mon, 06/20/2011 - 03:01 | 1384209 OldTrooper
OldTrooper's picture

debt sustainability hinges critically on Greece sticking to the agreed fiscal consolidation path

Translation by the babble fish:  If the Greeks don't do exactly what we tell them to (the impossible) we (the banksters) are all well and truly fucked because we (the banksters) are counting on this 'asset' retaining some semblance of value to remain solvent so everyone had better make these Greeks toe the line or we'll implode the whole arbitrary, meaningless, fiat system and you will all have to figure out how you will function without paper or electrons with the ECB or FED stamp of approval on them.

Utterly ridiculous.

(And can anyone tell me why Google thinks a TSA help wanted ad is appropriate for the visitors this site?  What's the TSA trying to do - hire a bunch of NSA sock puppets?)

Mon, 06/20/2011 - 03:52 | 1384242 FunkyOldGeezer
FunkyOldGeezer's picture

I'm going to love it when it goes tits up in the uSA. You won't be cracking so many jokes then.

Are your jokes in the same vein as the convicted murderer who turns stand up comedian, just as he steps onto the gallows?

Mon, 06/20/2011 - 06:19 | 1384335 Yen Cross
Yen Cross's picture

 I'm 3/4 moved out of this village!

Mon, 06/20/2011 - 03:55 | 1384244 scratch_and_sniff
scratch_and_sniff's picture

get a load of this from IFR, 8:35am GMT - 

"Just out from the meeting held by EU finance ministers in Luxembourg is the news that greece will now receive additional funding "additional funding will be financed through both official and private sources and welcome the pursuit of voluntary private sector involvement in the form of informal and voluntary roll-overs of existing Greek debt at maturity for a substantial reduction of the required year-by-year funding within the programme, while avoiding a selective default for Greece." Sound familiar?

They managed to get this out just as a flurry of bids were comming in eur/usd ... makes you wonder.

Mon, 06/20/2011 - 04:06 | 1384253 lucylary
lucylary's picture

I love that all of the fragility of a flower opening is captured, helping us appreciate black nike shox what goes in to one little bud opening to the world. It's simple, it's sweet, and I do believe nike shox torch this morning meditation is a wonderful start to the day, no matter what the weather outside the window.If you are lucky enough to have a perfectly sunshiney spring day where you are, watch anyway. These stunning videos can only make it nike shox mens shoes even better.

Mon, 06/20/2011 - 04:18 | 1384266 Yen Cross
Yen Cross's picture

 can I lube ya all up? Olive oil greek style, in the cysterns.  Then I will make you " HOLE"

Mon, 06/20/2011 - 05:11 | 1384287 Version 7
Version 7's picture

They could well have just said: "Basically we don't know what the hell we are supposed to do, except the usual down-the-road-can-kicking." 

Mon, 06/20/2011 - 06:14 | 1384333 Yen Cross
Yen Cross's picture

 Did a pretty good call on that Kampo bid eh?  those long parabolics on the m15's were my first clue!

Mon, 06/20/2011 - 13:40 | 1385351 Hugh Jorgan
Hugh Jorgan's picture

The swimming successes of the Marshall Plan just keep shining!

 

Do NOT follow this link or you will be banned from the site!