• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Spiegel Greek Hit Piece #2: Bailout Troika Finds "Greece Missed All Fiscal Targets" - Next Steps: Game Over?

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 05/28/2011 - 14:09 | 1319505 takeaction
takeaction's picture

So many countries are going down the tube.  I hope people here on ZH are ready. Look at this video from Spain yesterday. (Graphic Violence)


Sat, 05/28/2011 - 15:03 | 1319582 Vuvuzela
Vuvuzela's picture

Did you notice how well fit those fags beating on peoples are.

I dont think they are the regular police, but some specila military forces incorporated in the police force

what says you ?


Sat, 05/28/2011 - 16:02 | 1319659 CH1
CH1's picture

Police employees picked for this job.

Sat, 05/28/2011 - 18:20 | 1319874 Re-Discovery
Re-Discovery's picture

Spain has more surviving self-identified Fascists than any other European country.

Sun, 05/29/2011 - 00:25 | 1320236 tiger7905
tiger7905's picture

Don Coxe touches on Spain in his latest Basic Point for May 2011. Says Spanish debt will soar when local government financial fudging is revealed.

For Highlights see here:

Sat, 05/28/2011 - 16:08 | 1319663 IdioTsincracY
IdioTsincracY's picture

Until people realize that they are being raped by Bankers who have their tentacles wrapped around politicians, this will not go anywhere.

They are protesting the wrong entities .... pillage the banks ... and then will talk!!

Sat, 05/28/2011 - 23:10 | 1320195 Michael
Michael's picture

What Europeans fear the most about a Greek debt default and no more bailouts is a severe depression in Greece that drives down the prices of real estate and other asset classes, making Greece the most reasonably affordable place in Europe to live. Greece will become the 1st ultra competitive country and best place to do business leaving the rest of Europe to envy them. At the same time it will lead to a depression in real estate prices throughout the rest of Europe in time.

Sun, 05/29/2011 - 05:20 | 1320340 Dismal Scientist
Dismal Scientist's picture

You are assuming that the Greeks will be allowed the luxury of exiting the Euro, devaluing hugely and then becoming competitive. This is not going to happen, until the northern Europeans and their bankers have looted the place properly. As for Greece becoming 'the best place in Europe to do business', have you lost your mind ? Corruption is endemic, the population are livid and the government is desperate. No company would do business in such an environment; and we haven't even discussed capital controls yet.

Not buying your thesis at all.

Sat, 05/28/2011 - 16:07 | 1319665 Danielvr
Danielvr's picture

Regular police in riot dress. Don't feel too sorry for those student protesters, they're mostly bored privileged kids looking for a day of comradery and excitement while their less well-off peers are working hard to make ends meet and pull their nation out of the crisis.

Sat, 05/28/2011 - 16:59 | 1319742 topcallingtroll
topcallingtroll's picture

So perhaps not every european is living better than the americans, eh?

Sat, 05/28/2011 - 17:04 | 1319751 Rodent Freikorps
Rodent Freikorps's picture

Maybe the pics of Sicily I saw were not representative of normal, but those pics looked more like Tijuana than San Diego.

Sat, 05/28/2011 - 18:26 | 1319886 Danielvr
Danielvr's picture

No, in the PIGS nations youth in particular is suffering from high unemployment. But at least they're not $100K in debt (American students should consider going to college/university in Europe - all sorts of courses are available in English, tuition is only $8K/Yr or so, you'll get a decent education, see a bit of the world, and your resume will stand out).

Sat, 05/28/2011 - 17:02 | 1319747 Bay of Pigs
Bay of Pigs's picture

Yeah, beating on defenseless civilians. Sounds great dude. Glad to see you come down on the side of police brutality. Those police are a bunch of meatheads abusing their authority.

No need for any of that kind of violence, but apparently you think it's okay.

Sat, 05/28/2011 - 17:18 | 1319753 Rodent Freikorps
Rodent Freikorps's picture

I do have to admit seeing socialist parasites get whacked with a stick by the employees of socialists, because they demand to be saved from socialism by even more socialism, did amuse me greatly.

Sat, 05/28/2011 - 20:25 | 1320030 NOTaREALmerican
NOTaREALmerican's picture

> whacked with a stick by the employees of socialists

Country First!

Sat, 05/28/2011 - 18:40 | 1319894 Danielvr
Danielvr's picture

Boo-hoo. Look, as a former activist I'm not very impressed by the level of angst and violence in that vid, OK? I didn't see any bricks and molotov cocktails flying, I saw no tanks, no tear gas, no cops on horseback trampling the protesters -- just a few patient officers giving a few 'protesting' youth a few mild punches so they'd get on their feet and clear the street. If you think this was a riot, let alone police brutality, you aren't used to much. Just wait till the livelyhoods of large groups of people are actually at stake -- then you'll see what riots are, and what police brutality is.

Sat, 05/28/2011 - 19:36 | 1319969 Bay of Pigs
Bay of Pigs's picture

I never said it was a riot. These people had no weapons. They were not a threat to anything. I said it was wrong of the police to beat on them. What the fuck is wrong with you anyway?

You certainly talk a big game as a "former activist". 

Sat, 05/28/2011 - 17:13 | 1319761 breezer1
breezer1's picture

you must be right . what are these shifty lazy citizens doing? don't they have jobs to go to. they are probably on their lunch break just trying to make trouble for those hard working policemen. did you see that one hippy bastard hitting the policemans baton with his head. he should be thrown in jail with all those other criminals who break the law.

i can't go on with this......  you are one fucked up asshole.

Sat, 05/28/2011 - 18:47 | 1319904 Danielvr
Danielvr's picture

Pity, you were on a roll. Again, these are basically bored, self-important privileged kids who enjoy playing 'Gutmensch' for a day and feel all warm and fuzzy about themselves for being so progressive and caring about their suffering fellow humans. I know because I was just like them 20 years ago. And twenty years from now, many of those same kids will be running the Wall Streets of this world. Fuck them and their faux bourgeois social engagement.

Sat, 05/28/2011 - 17:50 | 1319824 desgust
desgust's picture

Fuck you, asshole!

Where do you want to know that from?

Triplefuck every hole!

Sat, 05/28/2011 - 18:48 | 1319908 Danielvr
Danielvr's picture

Sounds good to me, let me have it! :-b..

Sat, 05/28/2011 - 22:00 | 1320126 lawrence1
lawrence1's picture

¨Bored priveleged kids ... ¨  Think you´re wrong.  Unemployed kids who know they cant find work and no longer believe that voting counts.  Hear Gerald Celentes recent interview on king world news, his prediction of riots throughout Europe this summer.

Sun, 05/29/2011 - 06:54 | 1320375 OldPhart
OldPhart's picture

I saw quite a few geezers in the mix.  One of them looked a hell of a lot like me.

Sun, 05/29/2011 - 11:16 | 1320540 topcallingtroll
topcallingtroll's picture

Obviously many who junk you have never seen a real protest, not the scared pussies who run when they get hit a couple of times by the baton. And yes most of them are bored priviliged kids. They may not have a job but they dont need one to have food on the table and a little running around money from mom and dad.

Sat, 05/28/2011 - 15:46 | 1319638 CrashisOptimistic
CrashisOptimistic's picture

Until gunfire starts administering headshots, it's just a bunch of people sitting meaninglessly in the street.  If they aren't willing to kill, then they don't really have any commitment to their concerns.

Sun, 05/29/2011 - 10:05 | 1320473 downwiththebanks
downwiththebanks's picture

... says the Keyboard Cowboy.  Yours are the tactics of the agent provocateaur.  

Revolutions never start with murders.  They start with the masses taking the streets and succeed or fail depending on whether the military (and police in some cases) will switch sides.

The easiest way to guarantee it doesn't happen is to attack violently the very people you're trying to turn.

Sat, 05/28/2011 - 16:20 | 1319678 Sudden Debt
Sudden Debt's picture

Not more dangerous like a peacefull protest. Can't have that right?

If they would have fought back on 1 cop, they would have had the right to shoot on the crowds with rubber and use more force.

But yes... the police had to. They wanted to organise a Fifa open air football spectacle for the tourists.

And all they did was provocing every youngster in Spain.



Sat, 05/28/2011 - 16:37 | 1319702 I think I need ...
I think I need to buy a gun's picture

thanks for posting because i haven't seen this in mainstream media

Sun, 05/29/2011 - 10:02 | 1320469 downwiththebanks
downwiththebanks's picture

Countries are only going "down the tube" if they insist on remaining slaves to the Banker-Gangsters rather than fighting them.  

The obvious question, when faced with a hit-piece from a Banker-Gangster vessel, is "we're in debt to whom."  

Why does a 5'8" 155 lb.  weasel that shines shoes for a living and can't butter bread get to determine the fate of nations?

Sat, 05/28/2011 - 14:07 | 1319509 Troy Ounce
Troy Ounce's picture


Yeah, firesale

Yeah, balance sheets

Yeah, bankruptcies

Yeah, derivatives

Yeah, dominos

Yeah, entitlements

Yeah, burning parliaments

Yeah, PM

Yeah, TV, beer & chips

Yeah, Stone Street Advisors explaining this shit ;>(

Sat, 05/28/2011 - 14:08 | 1319513 Parth
Parth's picture

I am keen to see how the Germans and French collect from Greece. If the black swan was Middle East Jasmine revolution and the tsuname; the mother of all black swans is a resurgent Germany starting forced collections in Europe. In other words the real WW3 starts again in Europe. Of course we shall liberate them again. And so the great game continues, and oddly America wins again.

Sat, 05/28/2011 - 14:44 | 1319561 cosmictrainwreck
cosmictrainwreck's picture

agree, conditionally. having to really rub my eyes to see how "America wins". USA is ripe for it's own shit-storm

Sat, 05/28/2011 - 16:23 | 1319683 margaris
margaris's picture

Yes, but this time, the main driver of WW I and WW II, being PETROLEUM has peaked and is declining.

Maybe I hope that you cannot start and maintain WorldWars for a long time without CHEAP ENERGY?


Ok, sad part is: All nuclear missiles are filled up and ready.

Sat, 05/28/2011 - 17:45 | 1319819 Ben Dover
Ben Dover's picture

Here's something that will help you sleep well - http://www.latimes.com/news/la-fi-new-bomber-20110522,0,260684.story?track=rss

Don't let the bed bugs bite.

Sat, 05/28/2011 - 18:14 | 1319868 Ag1761
Ag1761's picture

Wow, I just bought 100 Baird and Co Monarch of the Glen Rounds, they look like phantom ray drones when you angle them up to the light

Sat, 05/28/2011 - 22:12 | 1320149 cosmictrainwreck
cosmictrainwreck's picture

wow...that's sooo awwwsum I just shit myself. when's the video game come out? /sarc

Sat, 05/28/2011 - 16:32 | 1319698 Danielvr
Danielvr's picture

Hahahaha! I don't know if I should be amazed or amused by some of those outlandish American comments on the crisis in Europe. Germany is just about the most war-averse nation on Earth. They won't "collect". But they're damn right to squeeze the thumb screws tighter on the Greeks, who haven't even begun to curb their government spending, get rid of the nepotism and corruption, or restructure their economy to bring it more in line with what they actually can afford.

Anyway, most Europeans are still living from summer vacation to winter ski trip while Americans are living from paycheck to paycheck or foodstamp to foodstamp. I wonder what inspires you to get so excited about Europe - it's not like you own a couple of trillions in EU debt, so, maybe it's just Schadenfreud, or a welcome diversion from the problems at home.

Sat, 05/28/2011 - 16:53 | 1319735 margaris
margaris's picture

greece is and always was a poor country with not much to give. So , this thumb screwing you are talking about.... is this simply to inflict pain? Or do you really believe greece has something else to give then their freedom and land ???

Sat, 05/28/2011 - 19:01 | 1319920 Danielvr
Danielvr's picture

You're almost right, Margaris. Greece should be a poor country because it isn't producing much of value and it is consuming much more than that. Thanks to fraud and cheap credit, many Greeks are leading lives of wealth and abundance. The older generations and government workers in particular have taken very good care of themselves -- but they have left their own children very deep in debt. It's time those people took some responsibility instead of expecting their children and the rest of Europe to pay for their privileged lifestyles.

Sun, 05/29/2011 - 07:24 | 1320392 margaris
margaris's picture

No one of my greek relatives is near wealth and/or abundance. All working for a shitty wage or recieving an abysmal pension.

All of which has been cut severely again and again....

Okay, they have land, ... land they inherited from their parents etc... not much more..

So again, cant you people just understand that all money/wealth/excesses went to the banks (best friends of greek politicians scum)... and were done by the banks.

And that now that the greeks have nothing left then a little land those said Bankers are trying to steal even this last piece of remaining wealth?


How is it allowed for foreigners to steal native homeland anyway? I predict that many greeks (if not nearly ALL) ... will go THIS IS SPARTA -Style on those bankster asses....

Sun, 05/29/2011 - 10:06 | 1320478 downwiththebanks
downwiththebanks's picture

"Wealth and abundance"!  HA.  So little concern for unemployment.  So much little concern that an economic system in terminal decay cannot provide for the needs of anyone in the world, save a select few partying with high-priced hookers.

And yet, so much concern over debt.  So much interest in making sure Banker-Gangsters get paid.  So much concern over austerity - just not for those who need it most.

Sat, 05/28/2011 - 22:07 | 1320142 lawrence1
lawrence1's picture

Agree that the US elite-media use Europes problems to divert attention from the US which is clearly more serious.  Sounds like a bit of Schadenfreude coming from you..Enjoy your summer vacation... but be careful where you go... black swans have been seen circling Europe too.

Question ... Do you think that, since gold constitutes a major portion of the backing for the Euro, that the authorities might make use of that? 



Sat, 05/28/2011 - 18:14 | 1319865 Ag1761
Ag1761's picture

I really love those Kalamata Olives, reckon I could collect a couple of acres soon for a monster box, well if they are talking of a sell off.....

Sun, 05/29/2011 - 11:24 | 1320545 topcallingtroll
topcallingtroll's picture

Then the greeks will tax the shit out of you so you always lose money. They will fine you for wage and labor violations until you cant stand it and sell at a fifty percent loss.

Sun, 05/29/2011 - 12:00 | 1320590 Ag1761
Ag1761's picture

Yeah, didn't think of that, and there will probably be hoardes of rampaging starving zombies trying to  get in to my fields. I'd probably run out of ammo at some point.

I think a total world wide default and reset is on the cards in a couple of years after the asset stripping.


Sat, 05/28/2011 - 21:16 | 1320086 TK7936
TK7936's picture

Atleast you acknowledge the parasitic nature of the american eco model. For a while there it seemed americans actually believe there ww2 participation was altruistic.Nazi Germany was the only black swan to rise against Banking Rule -the only. And it wont happen again cause Germany is now a bank too.

Sat, 05/28/2011 - 14:08 | 1319514 ATM
ATM's picture

Perhaps it is the Greeks that really hold the cards. If they go belly up the rest of the Euro banks go belly up too. They have a gun to their own heads and Europe should be quaking.

Sat, 05/28/2011 - 14:29 | 1319546 Coke and Hookers
Coke and Hookers's picture

Quite right. Greeks do hold the cards. However, there's not a single government anywhere that's not held by the balls by someone else - i.e. the banksters and their EU enforcers. Even the Icelandic government has been busy handing the country over to hedge funds while trying to hand over public property to the EU. Everybody is either working for the EU/banksters (and against their own people) or being invaded or coerced one way or another (Lybia, Syria, Iran, Thailand etc.). Globalism has gained enough strenght to either outright own more or less all governments or force them do do their bidding. Seems they even have a military force now to clean up stragglers like Gaddafi.

Sat, 05/28/2011 - 16:03 | 1319655 Muir
Muir's picture

scary thoughts

Sat, 05/28/2011 - 16:03 | 1319631 Urban Redneck
Urban Redneck's picture

The ECB & IMF might try to fire-wall Greece and burn it, then turn to direct bailouts of the very institutions they are trying indirectly to bailout through the Greek government and then QEeuro the cost (sort of like the Bernanke OpEx murder only far more vicious).

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