Tonight's Headlines: Bloomberg - Europe Fails to Agree on Greek Aid Payout; Reuters - Euro Zone Agrees To Pursue Greek Debt Rollover Plan

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Sun, 06/19/2011 - 21:36 | 1383483 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

No, we will not raise the debt limit.  We are bankrupt already.

Yes, we will spend more so that we can agree to cut spending later.

Maybe we will just sell all the children of the voters so that we can eat bon-bons.

Wait, we did that already...

Sun, 06/19/2011 - 21:40 | 1383500 Ahmeexnal
Ahmeexnal's picture

rollover to infinity plus one

Sun, 06/19/2011 - 22:17 | 1383594 Beancounter
Beancounter's picture

lol exactly, they need a debt schedule that goes up to 11.

Mon, 06/20/2011 - 03:12 | 1384215 Highrev
Highrev's picture


I like the way you say rollover.

Who else wants to say rollover?

Now, can you say ho-hum?

I like the way you say ho-hum.

Wall of worry?


Sun, 06/19/2011 - 22:15 | 1383590 phungus_mungus
phungus_mungus's picture

Actually these two news articles reflect perfectly the situation int he Euro Zone... No one really knows what the hell is going on, all we can really do is wait for a bright flash and loud noises...  

Sun, 06/19/2011 - 23:15 | 1383729 Founders Keeper
Founders Keeper's picture

I was thinking the same thing, phungus_mungus.


Sun, 06/19/2011 - 21:42 | 1383484 bob_dabolina
bob_dabolina's picture

eur/aud is stable at the moment

I see no imminent problems in the credit markets. 

Sun, 06/19/2011 - 21:35 | 1383486 Barb Dwire
Barb Dwire's picture

LOL! I can't wait to see which banks "volunteer"

Sun, 06/19/2011 - 21:35 | 1383487 oogs66
oogs66's picture

hard to do anything but laugh and stay short

Sun, 06/19/2011 - 21:37 | 1383491 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture


Sun, 06/19/2011 - 21:59 | 1383552 Cognitive Dissonance
Cognitive Dissonance's picture

Speaking out of both sides of the mainstream media mouth. And here I thought only politicians did so.

Mon, 06/20/2011 - 05:57 | 1384323 Yen Cross
Yen Cross's picture

That made me shead a tear!

Sun, 06/19/2011 - 21:36 | 1383490 Hedgetard55
Hedgetard55's picture

How do you say "kick the freaking can" in German?

Anyway, who cares. Did you all see Rory crush it this week at Congressional?


Sun, 06/19/2011 - 21:45 | 1383518 Ned Zeppelin
Ned Zeppelin's picture

Rory was unbelievable.

Sun, 06/19/2011 - 23:13 | 1383719 Quixotic_Not
Quixotic_Not's picture

Bücken, hier kommt es wieder...

Sun, 06/19/2011 - 21:34 | 1383493 DonutBoy
DonutBoy's picture

Bullish for stocks, either way

Sun, 06/19/2011 - 21:38 | 1383497 ThisIsBob
ThisIsBob's picture



Sun, 06/19/2011 - 21:39 | 1383499 Forgiven
Forgiven's picture

I predict that tonight will pass, tomorrow will come, and Greeks will be throwing stones, but little will change.

Sun, 06/19/2011 - 22:26 | 1383598 Hearst
Hearst's picture

Throwing Stones

"Heartless powers try to tell us what to think.  If the spirit's sleeping, then the flesh is ink.  History's page, it is thusly carved in stone.  The future's here, we are it, we are on our own."


Sun, 06/19/2011 - 21:41 | 1383506 Debt Rolling
Debt Rolling's picture

"Voluntary contribution": so those who voluntarily contribue sacrifice themselves for those who don't? 

Few chances to work. 

Sun, 06/19/2011 - 21:42 | 1383507 chump666
chump666's picture

EU has two choices, let the banks lose or more riots...and if the German taxpayer has to keep supporting the bond market for the Greeks (PIIGS) to then flow-money to senior bond holders.  There will be riots in Germany!


Sun, 06/19/2011 - 21:42 | 1383508 takeaction
takeaction's picture

How do I send new stories that I think are worthy of ZH? to Tyler? This one demands front page news IMO. Fukushima type disaster possible here. I don't like to cross post, but this is very serious.......Thanks


Sun, 06/19/2011 - 22:01 | 1383566 Scisco
Scisco's picture

ctrl+v from front page.

The Zero Hedge Team
tips [ at ] zerohedge [ dot ] org - Our Reader Tips Mailbox

This does not bode well for due diligence.

Sun, 06/19/2011 - 22:06 | 1383582 takeaction
takeaction's picture

Thank you! 

Sun, 06/19/2011 - 22:18 | 1383607 dick cheneys ghost
dick cheneys ghost's picture

here is a utube video........the guy said cops are giving out tickets to anyone filming near the plant....




Sun, 06/19/2011 - 22:04 | 1383578 holdbuysell
Sun, 06/19/2011 - 21:44 | 1383511 Re-Discovery
Re-Discovery's picture

Used to be sell first, ask questions later. 

But when it's taxpayer money, hell, why not buy first, ask questions later.

Sun, 06/19/2011 - 21:40 | 1383512 Infinite QE
Infinite QE's picture

Reuters is Rothschild owned so I'd say they are right on this one.

Sun, 06/19/2011 - 21:42 | 1383516 jmc8888
jmc8888's picture

The Greeks have to see to it to convince them? Looks more like they didn't convince the Greeks that this all wasn't a scam and back door bailouts back to their own banks.

Reminds me of the newspapers from Back to the Future that would change.  Emmitt Brown Committed turns to Emmitt Brown Commended.  Which to believe? Neither?


Sun, 06/19/2011 - 21:42 | 1383519 koot
koot's picture

Yep, the Bilderberg Group is a big Kumbaya of agreement, almost as much unity as the Obama adminstration. 

Sun, 06/19/2011 - 21:43 | 1383523 Ned Zeppelin
Ned Zeppelin's picture

A "voluntary rollover" is a joke.   

Sun, 06/19/2011 - 21:52 | 1383532 oogs66
oogs66's picture

yes, will take about 2 days for the hedge funds to game the system and own the right bonds, and the banks and governments will be in worse shape than ever, but hey, they avoided defaulting today - a joke

Sun, 06/19/2011 - 21:44 | 1383524 janus
janus's picture

blow back derelict wind/ lay my soul in the fallow field

Sun, 06/19/2011 - 21:49 | 1383534 Joebloinvestor
Joebloinvestor's picture

I guess you can call it "voluntary", but it is with a gun to the head.

Default and take a haircut.

Extend maturity and take a kicking.

And Greece is gonna default anyway.

Sun, 06/19/2011 - 22:19 | 1383608 CrashisOptimistic
CrashisOptimistic's picture

This can be finessed.  The banks can be persuaded to re-lend money to Greece at 5% (by having the ECB pay the bank the other 25%/yr to get to market rates).


Sun, 06/19/2011 - 21:49 | 1383536 sasebo
sasebo's picture

I predict that until we force our incompenent asshole politicians to take the right to print money away from a small group of greedy, psychopathetic, billionaire assholes who print the money & loan it out at interest or gamble with it, nothing will change. Especially if they print more money to cover their gambling losses.

Sun, 06/19/2011 - 21:51 | 1383542 djsmps
djsmps's picture

I got a kitten 9 weeks ago (who I love), and I'm allergic to him.

Sun, 06/19/2011 - 22:00 | 1383555 Barb Dwire
Barb Dwire's picture

I'm allergic to cats too and have had 4. Your body gets used to it - but lots of Benadry/qntihistamines work wonders too


Everyone needs a kitten

Sun, 06/19/2011 - 22:04 | 1383570 Alea Iacta Est
Alea Iacta Est's picture

Reuters is beyond worthless.

How many times has a reuters source "confirmed" a Greece deal was done now?

Sun, 06/19/2011 - 22:04 | 1383571 Coldfire
Coldfire's picture

Empty words for public consumption. Clearly it is ass-covering time, big time, for the hapless Euro politicians. But it's too late. I love the smell of state default in the morning. Smells like freedom.

Sun, 06/19/2011 - 22:04 | 1383576 Itsalie
Itsalie's picture

Chaos? More bad economic news as Japan posted another $10b trade deficit (no, its not a mistake, the Japanese export robot has died another death), Fitch just commented China's easy money policy has fueld unprecedented housing bubble and inflation.

BUT it is time to ramp the euro, ramp up stocks, all risks are somehow off at this time. Maybe the weary eyed hedgies left their machines in risk-on mode during opex last Friday and gone missing in action somewhere in squid-organzed outing to patpong over the weekend.

Sun, 06/19/2011 - 22:05 | 1383580 Bansters-in-my-...
Bansters-in-my- feces's picture


Let the Banksters "Eat Shit"....!!!!!

Sun, 06/19/2011 - 22:17 | 1383603 bullet357
bullet357's picture

+10  rope & pichforks

Sun, 06/19/2011 - 23:48 | 1383804 Clowns on Acid
Clowns on Acid's picture

Roll over Beethoven.....Roll Over Beethoven and tell Tschaikowsky the news.


Mon, 06/20/2011 - 00:50 | 1383997 Xibalba
Xibalba's picture

who's paying whom here? 

Mon, 06/20/2011 - 04:06 | 1384254 lucylary
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Mon, 06/20/2011 - 05:39 | 1384310 Yen Cross
Yen Cross's picture

 Well come to salt water.

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