Finland

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Greek Lawmakers Won't Back Deal; Finnish FinMin Says "Can't Agree" To New Greek Loans





Is the Greek "deal" falling apart already?

STUBB SAYS FINLAND CAN'T AGREE TO NEW LOANS FOR GREECE

KAMMENOS: GREEK PM TSIPRAS WAS BLACKMAILED AT EU SUMMIT

 
Tyler Durden's picture

Munchau: "The Eurozone As We Know It Is Destroyed"





Despite the euphoria in global equity markets, The FT's Wolfgang Munchau - once one of the keenest euro enthusiasts - warns regime change is coming in Europe. The actions of the creditors has "destroyed the eurozone as we know it and demolished the idea of a monetary union as a step towards a democratic political union," Munchau exclaims, fearing they have "demoted the eurozone into a toxic fixed exchange-rate system, with a shared single currency, run in the interests of Germany, held together by the threat of absolute destitution for those who challenge the prevailing order." He concludes rather ominously, "we will soon be asking ourselves whether this new eurozone, in which the strong push around the weak, can be sustainable."

 
Tyler Durden's picture

After "Deal", Here's What's Next For Greece





Now that Greece has capitulated and offered up its sovereignty in what can only be described as an unconditional surrender to Berlin and Brussels, here's what's next for the country, the government, and the Greek people.

 
Tyler Durden's picture

Deal Struck Following Total Capitulation By Tsipras: Market Awaits Greek Reaction To Draconian Deal Terms





Just around 9am CET, after a 17-hour mammoth all-night session, Greece did manage to cobble together a "deal" if one may call this latest embarrassing can-kicking that, which was nothing short of total capitulation by Tsipras. As part of the deal, Greece "surrendered to European demands for immediate action to qualify for up to 86 billion euros ($95 billion) of aid Greece needs to stay in the euro" in the words of Bloomberg.

 
Tyler Durden's picture

How Fascist Capitalism Functions: The Case Of Greece





There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece. Simply out - The whole system is a money-funnel, from the public, to the aristocracy.

 
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"It's Not Possible To Reach A Deal Today" - EU Summit Canceled As Leaders Scramble To Keep The Dr€am Alive





It was a weekend in which, according to traders, Greece facing an "absolutely final" was going to be saved. Instead, it may go down in history as the weekend in which the Eurozone finally split and its long-overdue disintegration began.

 
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Finland Echoes Germany, Wants Greece Out; Five Other Nations Back Grexit





Initially it was just an unconfirmed rumor circulating in the German FAS media that the local FinMin had proposed a "temporary Grexit" option. It now appears that this was not only not a rumor, but Schauble's sentiment is contagious: moments ago Finnish broadcaster MTV reported that first Finland, and then the Eurozone's smaller, if somewhat more solvent nations, Estonia, Lithuania, Slovakia, Slovenia and even the Netherlands, support the German position on temporarily suspending Greece' Euro membership.

 
Tyler Durden's picture

Peter Schiff On The Big Picture: The Party's Ending





While the party in the 1990s ended badly, the festivities currently underway may end in outright disaster. The party-goers may not just awaken with hangovers, but with missing teeth, no memories, and Mike Tyson's tiger in their hotel room.

 
Tyler Durden's picture

Why Is the American Dream Dead In The South?





The top 1 percent aren't killing the American Dream. Something else is - if you live in the wrong place. We like to tell ourselves that America is the land of opportunity, but the reality doesn't match the rhetoric - and hasn't for awhile.

 
Tyler Durden's picture

Greece Invokes Nuclear Option: Tsipras Calls For Referendum





Greek PM Tsipras just delivered the biggest Friday night bomb in recent European history: he stunned the Troika and his peers in Europe with the biggest shocker of all - a referendum announcement, aka the Greek "nuclear option", something which cost his predecessor George Papandreou his job. At this point there is no turning back, and the Greeks - of which 80% want to stay in the Euro even as 80% want an end to austerity - will get to choose their own fate. Whatever choice they make, they will now only have only themselves to blame.

 
Tyler Durden's picture

Eurogroup Meeting Ends With No Deal





Given that the Greek delegation already left, this is hardly a surprise but...

 
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"When The Unwind Comes, It Comes Sharply As The Exit Door Is Tiny"





“There are three things that matter in the bond market these days: liquidity, liquidity and liquidity. When the unwind comes, like we’ve seen in the past few months, it comes abruptly and sharply as the exit door is tiny"...

 
Tyler Durden's picture

Buy Programs Stumble After Greek Deal Proposal Goes Back To Drawing Board In Last Minute





And it started off all so well: the market, blissfully ignoring what we wrote just yesterday in Why The IMF Will Reject The Latest Greek Proposal In Just Two Numbers, was in full blown levitation mode overnight when it sent Japanese stocks to their highest close since 1996 (pre dot com) and with the Chinese central bank doing its best to keep levitating local stocks away from the abyss, pushing the SHCOMP up another 2.5%. Euro Stoxx 50 went from flat to down 1% and is bouncing. As BBG's Richard Breslow adds, predictably, the market is taking this as a ploy, not an end game. Of course, this is precisely the "Bear Stearns is fine" conventional wisdom that Cramer was spewing days before Bear failed because nobody could fathom how anyone can conceive of a worst case scenario. Only it isn't nobody: we reported before of a Goldman's "Conspiracy Theory" Stunner: A Greek Default Is Precisely What The ECB Wants. 

 
Pivotfarm's picture

Place To Go When War Starts





Nobody can deny that the chances of war are increasing in the world.

 
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