11th Hour Decision Pushed To Milliseconds Before Midnight As Slovakia Fails To Reach EFSF Decision

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Mon, 10/10/2011 - 12:46 | 1757929 Mongo
Mongo's picture

Because democracy is so overrated... just as the guillotine is so underrated.


Equillibrium bitchez!

Mon, 10/10/2011 - 12:52 | 1757958 LeonardoFibonacci
LeonardoFibonacci's picture

So much for the end of the financial world due to Europe.  It will be centuries before a collapse because Big Ben has alot of play room.

Mon, 10/10/2011 - 13:08 | 1758023 slaughterer
slaughterer's picture

Of course, if Slovak politicians actually have this thing called conscience and don't have this thing called Swiss bank accounts, then all bets are off.


Slovaks do not need Swiss bank accounts if they are putting on ES-mini-future and EUR/USD shorts in the AH and morning sessions.   Slovaks of the world, short! 

Mon, 10/10/2011 - 13:30 | 1758115 kito
kito's picture

democracy ended in 1776

Mon, 10/10/2011 - 20:32 | 1759525 HardlyZero
HardlyZero's picture

FECALSS between PIIGS have to start somewhere and when ?


Mon, 10/10/2011 - 13:31 | 1758117 wombats
wombats's picture

Pitchforks and Torches...bitchez!

Mon, 10/10/2011 - 14:04 | 1758285 Azannoth
Azannoth's picture

Because you can 'talk' yourself out of any problem NOT

Mon, 10/10/2011 - 12:47 | 1757934 trade the day
trade the day's picture

Eur to the moon bitchez

Mon, 10/10/2011 - 12:57 | 1757970 SheepDog-One
SheepDog-One's picture

Wait I thought when you print and dilute your own currency to insanity, the value DECLINES....well WTF this is easy, now you print and the underlying currency RISES as well?? Why didnt someone notice this phenomenon centuries ago WTF we'd all be trillionaires living in mansions made out of diamonds!

Mon, 10/10/2011 - 12:47 | 1757935 Deadpool
Deadpool's picture

save us Slovakia, you are our only hope....

Mon, 10/10/2011 - 13:01 | 1758001 Finnykins
Finnykins's picture

Camed. English the second language

Mon, 10/10/2011 - 13:03 | 1758009 LetThemEatRand
LetThemEatRand's picture

I just want to say good luck Slovakia, we're all counting on you.

Mon, 10/10/2011 - 13:09 | 1758028 Popo
Popo's picture

What's all this about Souvlaki?

It's making me hungry.

Mon, 10/10/2011 - 13:51 | 1758215 Wooly
Wooly's picture

"Prime Minister Iveta Radicova can be sure of getting EFSF approval through the Slovak parliament eventually. But if SaS does not back her, she will have to rely on the opposition, who have demanded a cabinet reshuffle or a fresh election as the price for their support."


End of story! What a shame theres always a bunch of cronies to kick the can one more time.

Mon, 10/10/2011 - 13:58 | 1758258 Where My Dawg At
Where My Dawg At's picture

Looks like I picked the wrong day to quit sniffin' glue.

Mon, 10/10/2011 - 12:54 | 1757939 hedgeless_horseman
hedgeless_horseman's picture



...if Slovak politicians actually have this thing called conscience and don't have this thing called Swiss bank accounts...

All your politicians are belong to UBS.


Mon, 10/10/2011 - 12:48 | 1757941 the not so migh...
the not so mighty maximiza's picture

Many C130's heading to Slovakia now filled with hookers, blow, and pallets of freshly printed fiats to get the right outcome.

Mon, 10/10/2011 - 12:52 | 1757957 GeneMarchbanks
GeneMarchbanks's picture

Hookers to Slovakia? That's like bringing sand to the beach man.

Mon, 10/10/2011 - 12:57 | 1757979 UGrev
UGrev's picture

hahahaha.. you owe me a monitor!! LOL!

Mon, 10/10/2011 - 12:50 | 1757946 Cassandra Syndrome
Cassandra Syndrome's picture

What's the deadline on the deal?

Mon, 10/10/2011 - 12:58 | 1757983 Dick Darlington
Dick Darlington's picture

Deadline WAS early September.

Mon, 10/10/2011 - 14:20 | 1758343 Dr. No
Dr. No's picture

"If I dont pass this bill in 5 minutes....just wait longer!!" all righty then.

Mon, 10/10/2011 - 22:02 | 1759688 Fips_OnTheSpot
Fips_OnTheSpot's picture

Deadline is the EU-summit, which was delayed a week (now Oct 23rd) earlier this day.


Pure coincidence, OFC.

Mon, 10/10/2011 - 12:50 | 1757949 French Frog
French Frog's picture

I wonder how many new swiss bank accounts have been created today and will have a healthy balance come the EFSF vote tomorrow

Mon, 10/10/2011 - 12:55 | 1757971 DoChenRollingBearing
DoChenRollingBearing's picture

Smart new Swiss bank account holders should make sure that not all of their holdings are euros...

Mon, 10/10/2011 - 12:50 | 1757952 jtmo3
jtmo3's picture

Translation.....we will get what we want and will pass this shortly after tomorrow. Anyone hoping for a vote down, is plain jacking off.

Mon, 10/10/2011 - 13:32 | 1758127 edotabin
edotabin's picture

Again, nobody can be 100% certain.  Similar situation with Ireland a couple years back. Overall, I can't see Sulik or any other Slovakian party standing in the way of this. Actually, I'm getting to the point of thinking it is naive to believe otherwise.

I hope for the best but am 99.99999999999999999999 % expecting the worst.

Mon, 10/10/2011 - 12:52 | 1757959 TradingJoe
TradingJoe's picture

50/50 y'all! But "surprise-surprise", eh?!?!

Mon, 10/10/2011 - 12:52 | 1757961 DoChenRollingBearing
DoChenRollingBearing's picture

Stand tough Slovakia!  Someone has to have the stones to say: No Mas!  Someone here needs to have the same.

Enough bailouts already!

Mon, 10/10/2011 - 12:56 | 1757977 SheepDog-One
SheepDog-One's picture

Theyve got nothing to lose, maybe Slovakia wants to be remembered as the only one sane of the bunch and took out the bankers....Slovakia would be the new Switzerland!

Mon, 10/10/2011 - 12:59 | 1757988 UGrev
UGrev's picture

If there's one thing that I've learned from my time @ZH --

"everyone has a price.." 

Mon, 10/10/2011 - 13:04 | 1758015 SheepDog-One
SheepDog-One's picture

Not Iceland! the little frosty Land of Bjork has more balls than any of these tough-talkers put together!

Mon, 10/10/2011 - 13:09 | 1758034 UGrev
UGrev's picture

The Reserve wasn't met. 

Mon, 10/10/2011 - 13:15 | 1758055 topcallingtroll
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Mon, 10/10/2011 - 20:17 | 1759482 TheFourthStooge-ing
TheFourthStooge-ing's picture

Not Iceland! the little frosty Land of Bjork has more balls than any of these tough-talkers put together!

Iceland definitely has balls; it would not be wrong to refer to it as Sackistan.


Mon, 10/10/2011 - 13:01 | 1758000 dracos_ghost
dracos_ghost's picture

Except I believe the loose translation of No Mas in Slovakian is:


Let's use this crisis to the fullest. We have these autocrats in the EU A-List sweating bullets so let's stick it to them and get huge kickbacks. Oh and buy the ES at 11:58pm our time OK.

Mon, 10/10/2011 - 12:53 | 1757966 Roger Knights
Roger Knights's picture

Yes, we have no mañanas

We have no mañanas today

Mon, 10/10/2011 - 12:55 | 1757972 falga
falga's picture

Slovaks will comply because the rest of Europe will punish them if they actually vote with their common sense...

Mon, 10/10/2011 - 14:41 | 1758438 Rynak
Rynak's picture

"Punish" them? With "what"? Less debt? Less access to being raped by parasitary exporters? WHAT?

The only thing they can "punish", is politicians getting less "foreign contributions". The domestic economy and population doesn't give a shit!

Tue, 10/11/2011 - 05:03 | 1760329 fajensen
fajensen's picture

Yeh - That fat retard Poul Nyrup will write them an angry letter and call them names, like Austria.

Mon, 10/10/2011 - 12:55 | 1757973 kaiten
kaiten's picture

Someone will make a lot of money overnight, I suspect.

Mon, 10/10/2011 - 12:56 | 1757974 lemarche
lemarche's picture

Still waiting to hear about anything called "politician insider trading enquiry", but no I guess, that s plain legal.

Mon, 10/10/2011 - 12:58 | 1757980 jdelano
jdelano's picture

Brussels think-tank CEPS suggested that the EFSF will need to be expanded to USD 6trl and that as a result France will lose AAA ..



6 trillion.  that sounds about right.  

Mon, 10/10/2011 - 13:00 | 1757995 SheepDog-One
SheepDog-One's picture

'$6 trillion EFSF bailout for insolvent Europe......MEH a mere drop in the bucket, chump change! The unemployed will cover the bill surely!

Mon, 10/10/2011 - 12:58 | 1757984 Tao 4 the Show
Tao 4 the Show's picture

Funny part is that the few European leaders who realize this is insane but don't feel strong enough to buck the system are secretly rooting for the Slovakian kill.

Mon, 10/10/2011 - 13:12 | 1758006 SheepDog-One
SheepDog-One's picture

Maybe its all just a ploy, Europe knows it cant handle $6 trillion in printing, so they get the little guy to pull the rug out as theyve all positioned to short the insane euphoric conditions and REALLY make out like bandits on the collapse! And even if this all passes, how long does it last, a week?

I dont believe Europe wants this, its just smoke screen.

Mon, 10/10/2011 - 13:05 | 1758016 jdelano
jdelano's picture

I am too.  Is there a Sulik fan page on Facebook yet?  Going to check....

Mon, 10/10/2011 - 12:58 | 1757987 hambone
hambone's picture

Go long complicity and sellouts, short courage and reality.

Mon, 10/10/2011 - 13:02 | 1758005 Deadpool
Deadpool's picture

can't short successfully at Zero

Mon, 10/10/2011 - 13:00 | 1757996 Belarus
Belarus's picture

The Slovak "hold" is just a bunch of ye-hawing so the market will have an excuse the rally another 3.5% tomorrow, too. I predicted a 7% increase in stocks this week; I may have been too conserative.

Don't worry, it's as digusting watching this shit to me as it is to you. 

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