Total Confusion Rages Over Greece Which [May|May Not] Get A New Bailout Package, [And|Or] [Kept|Kicked Out] Of Eurozone

Tyler Durden's picture

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MacedonianGlory's picture

The Socialist, and totally corrupted, Gvnt of Papandreou will go to jail for it destroyed everything.

Greeks will trial these traitors

ivana's picture

hahaha ... after Papandreu family will than come Karamanlis family gov which will just continue same corrupt policies.
Same "changes" like past , how much?...., 60-70 YEARS!!!

G-R-U-N-T's picture

One question! Does Greece produce wealth?

Just like Portugal Greece will never be able to pay her debt.

BorisTheBlade's picture

Just like Ireland Greece will never be able to pay her debt./

That's the whole point of excercise, stabilization loans are not given to stabilize anything, rather, to put country into the debt slavery even further. Following default, country will be foreclosed on and assets sold out at fraction of their value. Has been done so many times before. Question of value production aside - every country does and Greece could probably sustain itself even if with lower standard of living.

agent default's picture

The can shall be kicked until it can be kicked no further. The reasons to bailout Greece and the rest, has more to do with EU politics than anything else.

Construct's picture

That is right. EU is still having plans for about another 10 countries to join the EMU (Euro) soon. They will just continue with this till Germany is utterly broke and cannot bail anything out let alone feed itself. Then EU/EMU will all come crashing down. But we are not realistically there just yet.

speedy's picture

Germany will not go broke until the bailed out countries default.  That is why non of the PIIGS will default and leave the euro.  That would be game over for the ponzi €uro.

Sudden Debt's picture

BUY 1 GREEK ISLAND AND GET 1 FREE!!!

2 FOR 1!!

 

Cassandra Syndrome's picture

I hear Hillary Clinton is keen to buy the Greek island of Lesbos.

n9lhm's picture

BOGO bitchez!!!!!!!!!!!!!!!!!!!!

Alcoholic Native American's picture

Ok, why is there even a debate about this shit, when colonial outposts like Pakistan and Afghanistan don't even have a fucken economy, let alone one in a fiscal crisis.  but yet the funds flow.

The whole fucken world is insolvent.

Bahamas's picture

All Greek citizens can sell a kidney...that'll do the trick.

 

Sudden Debt's picture

I think the Chinese would be pleased with a downpayment of this kind.

But we should offer the greeks a choice. THAT'S THE DEMOCRATIC WAY!!

3 pounds of meat or 5 liters of blood from their body.

And if they want a doctor present, they may do so at own expense.

 

 

 

ivana's picture

Yeah but than we would see kidney bubble, than kidney price would decline, some futures + derivatives, hedging and "new financial kidney products" .... what do you get in the end: kidneys will end up in sausages & pate

ivana's picture

It would be nice ifsomeone could closely track this greek "confusion" and PR spins ... one would clearly see in the end who is who in EU bankster world, who are real "players" and who are just puppets, which bondhoders have priority etc etc

anynonmous's picture

riots and protests

50b bailout by fall

riots and protests

70% hc within 12mths

celebrations

depart eu within 6mths of the trim

 

 

Sudden Debt's picture

one would clearly see in the end who is who in EU bankster world

Would you actually give a fuck if you knew that?

 

 

ivana's picture

not really but I like when "illuminati" get exposed in public ... than public know ... word spreads around ... anger accumulate as years go by ... than MIRACLE happens.

Construct's picture

It is just negative propaganda in order to push the Euro down witch the EU elite feel is 'overvalued'. When you have an economy that grows 1% and then you have a currency about 100% higher then other currencies then you pretty much have a 'dead economy'. there is just no demand for your goods/services.

Dick Darlington's picture

And here's S&P offering deep value to all their (non)existing customers:

*S&P'S KRAEMER SAYS GREEK RESTRUCTURING NEITHER `GOOD NOR BAD*

 

e_u_r_o's picture

LOL, this article is well written :D

Oh regional Indian's picture

Someone knocked and the Greek FM asked "Who is it?"...

"It is I MoFu"...

End of story...

ORI

http://aadivaahan.wordpress.com/2011/05/09/population-control-vectors/

 

PY-129-20's picture

Actually, you could make a mediocre pop song out of this misery...

Rynak's picture

>.>

Now imagine this state of "relationship" between China and the US....

TexDenim's picture

There is no way Germany will let the Greeks hang out to dry. They have too much to lose. On the other hand, Germany can't be perceived to bail profligate serfs out at the drop of a hat, so they have an incentive to keep people guessing until the last second.

Mountainview's picture

Today EU and ECB are fully aware that there is no solution. Only exit EURO and debt rescheduling will do the trick. But no EU leader can confront his electorate with this news. So some more pretend and extend. But free market forces are now fully aware of the situation and the will drive the EU to the wall.... Remeber Soros against the UK government !!!!

lizzy36's picture

This isn't about GREECE.

This is about 500bn Euro French and German bank exposure to the peripheral economies.

The question is why haven't french and German banks raised capital over the last year, in the same way US banks did in the spring/summer of 2009?

We all now Geithner is in there whispering "no haircuts" same as he did in Ireland. Must preserve Banks (and bonuses related thereto) is now first and and only priority.

Urban Redneck's picture

Some more jawboning out of the Germans and €500B ≈ $700B (aka T.A.R.P.), no big deal, the US picked up the last round.

Commander Cody's picture

Its much bigger than that.  If allowed to fail, any large commercial entity or government that defaults will start dominoes falling and the world-wide fiat Ponzi will fail.  The central banks need to keep the plates spinning to prevent this.  That was the purpose of synthetic financial instruments, to create TBTF.  A sovereign debt default will lead to the next large-scale war as punishment and cover for falling out of line.  Its either debt slavery or death, take your pick.

unununium's picture

> Its either debt slavery or death, take your pick.

Death to the TBTF's.  For the effect on regular people, see Iceland.

Cdad's picture

Total confusion over the first European domino falling....maybe/mabe not...which is why S&Ps are up, I suppose.  

DogSlime's picture

Someone's going to get stiff-ado'ed  :P