Dutch Prepare To "Awaken Sleeping Giant" As GRExit Plans Resume

Tyler Durden's picture

On the inaugural day of the much-awaited holy grail of Europe - the ESM - DutchNews.nl reports that Dutch diplomats in Athens have been secretly planning for an eventual Greek exit from the eurozone (along four themes - liquidity, energy, communications, and security). "We have deliberately strictly kept this behind closed doors", a Dutch diplomat told Volkskrant, adding "I do not know who has trumpeted." Among the Dutch companies doing business in Greece are Heineken, Unilever, and Philips as one business owner note that they "send cash back to the Netherlands as soon as possible - holding as little money in Greece as possible." While the foreign affairs ministry would not confirm, the paper cites a diplomat who commented: "we do not want to awaken any sleeping giants." We suspect you just did - sshh!


Via Volkskrant (via Google Translate):

Netherlands Dutch companies in Greece began to prepare for a possible Greek departure from the euro. Dutch diplomats in Athens inventory of the risks, planned emergency measures and shared a few months ago in a confidential meeting with companies.


Preparations are sensitive because the Dutch government publicly stressed that Greece should remain in the eurozone. The Greek government is also annoyed speculation about a Greek exit from the eurozone, because the economic recovery more difficult.


"I do not know who has trumpeted," said a Dutch diplomat. "We have deliberately strictly behind closed doors done. We do not want to wake spirits that are not awakened to be made. " Diplomats organized the meeting because in the run-up to the Greek elections in June at Dutch companies growing unrest arose about a possible departure from the euro. During the meeting shared the companies themselves also information about their precautions.


The diplomat: "Everyone was willing to share information provided in strict confidence."


Uncertainty Fears of a Greek exit from the eurozone - 'in jargon grexit'- is the last month eased somewhat, because Greece is a government coalition the power that seem prepared to accept some of the cuts and reforms that are demanded by the European Union and the International Monetary Fund. But there remains much uncertainty.


Among the Dutch companies in Greece are multinationals such as Heineken, Unilever and Philips, but also smaller companies such as travel agencies and yacht brokers. Many companies have recently taken steps to limit the damage of a Greek exit from the eurozone limit. Thus, companies have adjusted their computer so they can quickly switch to a new currency. Or they have an appointment with the head office in case of emergency an employee with a suitcase of euros to Athens comes to workers' pay.


"We demand especially by our customers giving us much faster than before paying," said Tasos Zacharidis, manager of the Greek branch of the Dutch company Den Braven, specializing in adhesives, sealants and foams. 'Self we send our cash as soon as possible to the Netherlands. We ensure that we here in Greece as little money as possible. "


What advice the Dutch embassy to the companies has given is not entirely clear. The diplomats had initially hoped to build on what colleagues in Argentina prepared when that country in 2001 and 2002 financial crisis. But there was little they could find about. So went the diplomats themselves to work. They copied the emergency measures of the embassy, ??which covers such matters as earthquakes, and they thought themselves after.


So they came on four themes: liquidity, energy, communications and security. The editors of the Times, the Ministry of Foreign Affairs requested further information on the opinions and to disclosure of the relevant documents. According to the Department, no information can be provided, because the pieces' also security related aspects. "We never statements about safety," said a spokesman.

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ShortTheUS's picture

Only after Greece has lost everything that it will be free to do anything...




Thomas's picture

You can see the computer translation remnants in the prose.

The Alarmist's picture

The Dutch, being thoroughly familiar with euthanasia, know in their hearts what would be appropriate, but the Euro is apparently a mutual suicide pact.

Peter Pan's picture

Brilliant, but change your name to REALIST.

andrewp111's picture

As William Hague said: "A burning building with no exits."

arizona11912's picture

Greece will remain in the Euro-zone. Bank on it!! The EU will continue on its path to Eurobonds in due time.

BurningFuld's picture

Merkle is coming to Greece on Tuesday to anounce they have been kicked out of the EU. Ba Ha!

Stoploss's picture

IMF now screaming bloody murder, global catastrophe, going to Ben and Wen a whining and a cryin'.

BandGap's picture

Does everyone sound like Yoda or is it me?

Thomas's picture

It's you. Must be a narrow band gap (or it is the translation software.)

BandGap's picture

I am having issues these days in a world where bad news is good.

The Dutch are just the people to get this thing rolling. Thrifty assed people, that is for sure. 

CPL's picture

No, they are next in line after France.


It's called clearing the field at this point.  Gotta make room to tear apart the next batch of sovereigns.  This entire thing is a process.  A beginning and an end.

Acet's picture

Dutch grammar as used in Holland has the sentence structure being (roughtly):

Subject + verb + other-non-verb + other-verbs

For example: "I have the pencil to my sister given"

Google translator probably translates at a lower level than sentences hence it doesn't reorder the whole sentence to English.


Dr. Engali's picture

There's only two things I hate in this world. People who are intolerant of other people's cultures and the ... the Dutch

Racer's picture

The US is WAAAAY above the rest of the world on your hate list then!

Tango in the Blight's picture

I'm Dutch, would you care to step outside?

Jendrzejczyk's picture

Put the guns down and take off the nose, he'll be out in a sec.

A Nanny Moose's picture

Outside? Why, is that where we will find his fahza?

frenzic's picture

I hate intolerant people just as much as you do. That is not why I junked you.

Ethics Gradient's picture

Intolerance? Of course we're all intolerant. And yes, I'll speak for all of you in this.

I'm intolerant of stupidity, those who wish to reduce my liberty. I'm intolerant of thieves and murderers. I don't sit there and say, meh, "I'm tolerant of that - 'cos tolerance is a good thing".

The thing is, those things that I'm intolerant of are a product of my experiences and genetics - tempered with whatever strength of character I can muster. Each to their own... And so yes, I accept other's will be intolerant. If it's inconsequential, hey, you know what? I might even tolerate it...

Don't fall for this cultural marxist clap-trap. Grow a back bone.

TWSceptic's picture

What's your problem? The Dutch generally have more common sense than the rest of the world including the US.


You and the other 13 probably base your negative emotions about us on some MSM BS.

Dr. Engali's picture

It's a movie line meant to be ridiculous from Austin Power Gold member...Sheesh.

A Nanny Moose's picture

Yeah..this went right over everybody fucking heads and right into the cesspool of politically correct false indigniation.

Their clue should have been the duality of your post.

Junk the fuck away you fuckers.

Acet's picture

Well, the original post makes a good way to separate those that actually think critically about what they read and those that just react.

The tinyiest bit of critical thinking would've teased out the self-contradictory nature of the text.

Rogue Trooper's picture

I understand your 'frustration' Dr.... an option is to use sarq-on tag for the 'tards! On the other hand its good to read the dumb posts....

Dr. Engali's picture

Sometimes I think things are so obvious that you don't need a sarc tag. I guess I underestimate the stupidity of some people.

Theosebes Goodfellow's picture

Ahh my good doktor, I see you are toit, toit like a tiger.

SanOvaBeach's picture

I'm dutch!  Fuck u you racist prick..............

Dr. Engali's picture

Read the line again. A little slower this time. Maybe you'll get it. Then again maybe not.

debtor of last resort's picture

Give all Mexican immigrants Medicare, a house and free money every month as soon as they enter your country. And then experience the Mexicans shitting on your culture, like muslims in the Netherlands. Mi casa es su casa crap.

gojam's picture

' I got chills, they're multiplyin', and I'm losin' control..............'

NotApplicable's picture

Ya know, I really didn't need that earworm.

Thanks. Thanks, a lot.

holdbuysell's picture

Your comment caused a flash vision in my mind of the elite such as Lagarde line dancing ala PSY's Opa Kangnam Style. Shudder.

CPL's picture

Open Condom Style!!!!


<half listened to>

NotApplicable's picture

You need to drink more. Sobriety is obviously having a detrimental effect upon your mind.

janchup's picture

The Dutch are having a property crash at the present time.

zilverreiger's picture

This piece should be mainly seen as dutch diplomats telling dutch companies to cover their asses since june for the eventuality of a grexit, and not as some new development. (i'm dutch and not google impaired)

NotApplicable's picture

Google impairment? Why it's a comedy distillation device!

What I really like about Google Translate is that so many people repost flawed translations from it, that it is getting even dumber from using them to further train itself.

Eventually, it's gonna go full-retard.

SafelyGraze's picture

google impairment indeed

searching for dutch only brings up stuff like this and this

en zo voort

volledige retard, inderdaad

ebworthen's picture

I wonder what Gernman companies are doing?

I think the Dutch were at this game earlier and better at it than the Germans (trade, I mean).

Tango in the Blight's picture

The German Mark was never a reserve currency. The Dutch Guilder was. Tyler posted a timeline of world reserve currencies in history today which showed that. In the 17th century we Dutch were badasses, beat the English, the French and several German states at the same time. And later helped the Americans when they fought the English. Now we don't matter much anymore. We only want to have a stable currency and be able to trade with the world. Guess that's too much to ask in these days.

Uber Vandal's picture

Everyone forgets that New York was once New Amsterdam.

Imagine how much different the US would have been were it more a Dutch influence vs. England.

I guess one could just look to South Africa.

tip e. canoe's picture

not to mention that they built some serious fucking housing.   some of them still standing solid after 300 + years...and still aeshetically gorgeous (see upstate NY for example).   too bad they had to slaughter a bunch of redmen to do it.

Acet's picture

Well, the Egyptians were once badasses. And the Greeks, the Italians (the Romans), the Portuguese, the Spanish, the English, the Americans ...

You'll notice from the list that it goes from longest ago fallen empire to more recently fallen (or in the case of the last one, now going through the pains of internal collapse and fall).

As a Portuguese and now living in England I can tell you (from both countries) that engaging in the kind of masturbatory nationalism which is to claim one's greatness as nation and specialness due to past glories is just a way of excusing the mediocrity of today's people and society in those countries.

I love the Dutch and Dutch society, used to live over there, spreek zelfs nederlands (I even speak dutch). Would hate to see the Dutch go down that road ...


andrewp111's picture

Isn't a Spexit or an Italexit more likely than a Grexit?

noses's picture

"I don't know who has trumpeted"


I bet it was the elephant in the room. But it's better that way - imagine it hat farted.