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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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Mon, 10/08/2012 - 17:50 | Link to Comment ShortTheUS
ShortTheUS's picture

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

 

http://img846.imageshack.us/img846/8647/tsirpasxgdftw0hedge.jpg

 

Mon, 10/08/2012 - 17:59 | Link to Comment Thomas
Thomas's picture

You can see the computer translation remnants in the prose.

Mon, 10/08/2012 - 18:53 | Link to Comment The Alarmist
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.

Tue, 10/09/2012 - 00:07 | Link to Comment Peter Pan
Peter Pan's picture

Brilliant, but change your name to REALIST.

Tue, 10/09/2012 - 00:10 | Link to Comment andrewp111
andrewp111's picture

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

Mon, 10/08/2012 - 22:16 | Link to Comment arizona11912
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.

Mon, 10/08/2012 - 17:46 | Link to Comment BurningFuld
BurningFuld's picture

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

Mon, 10/08/2012 - 17:49 | Link to Comment Stoploss
Stoploss's picture

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

Mon, 10/08/2012 - 17:52 | Link to Comment BandGap
BandGap's picture

Does everyone sound like Yoda or is it me?

Mon, 10/08/2012 - 18:00 | Link to Comment Thomas
Thomas's picture

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

Mon, 10/08/2012 - 18:04 | Link to Comment BandGap
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. 

Mon, 10/08/2012 - 18:28 | Link to Comment CPL
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.

Tue, 10/09/2012 - 07:09 | Link to Comment Acet
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.

 

Mon, 10/08/2012 - 18:03 | Link to Comment Dr. Engali
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

Mon, 10/08/2012 - 18:18 | Link to Comment Racer
Racer's picture

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

Mon, 10/08/2012 - 18:51 | Link to Comment Tango in the Blight
Tango in the Blight's picture

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

Mon, 10/08/2012 - 19:46 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

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

Mon, 10/08/2012 - 21:57 | Link to Comment A Nanny Moose
A Nanny Moose's picture

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

Mon, 10/08/2012 - 19:31 | Link to Comment frenzic
frenzic's picture

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

Tue, 10/09/2012 - 02:55 | Link to Comment Ethics Gradient
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.

Mon, 10/08/2012 - 20:37 | Link to Comment TWSceptic
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.

Mon, 10/08/2012 - 20:57 | Link to Comment Dr. Engali
Dr. Engali's picture

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

Mon, 10/08/2012 - 22:02 | Link to Comment A Nanny Moose
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.

Tue, 10/09/2012 - 07:14 | Link to Comment Acet
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.

Tue, 10/09/2012 - 01:47 | Link to Comment Rogue Trooper
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....

Tue, 10/09/2012 - 06:30 | Link to Comment Dr. Engali
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.

Mon, 10/08/2012 - 20:53 | Link to Comment Theosebes Goodfellow
Theosebes Goodfellow's picture

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

Tue, 10/09/2012 - 00:13 | Link to Comment SanOvaBeach
SanOvaBeach's picture

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

Tue, 10/09/2012 - 06:26 | Link to Comment Dr. Engali
Dr. Engali's picture

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

Tue, 10/09/2012 - 03:15 | Link to Comment debtor of last ...
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.

Mon, 10/08/2012 - 18:02 | Link to Comment gojam
gojam's picture

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

Mon, 10/08/2012 - 19:08 | Link to Comment NotApplicable
NotApplicable's picture

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

Thanks. Thanks, a lot.

Mon, 10/08/2012 - 18:09 | Link to Comment a growing concern
a growing concern's picture

Opa, bitchez!

Mon, 10/08/2012 - 18:19 | Link to Comment holdbuysell
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.

Mon, 10/08/2012 - 18:31 | Link to Comment CPL
CPL's picture

Open Condom Style!!!!

 

<half listened to>

Mon, 10/08/2012 - 19:10 | Link to Comment NotApplicable
NotApplicable's picture

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

Mon, 10/08/2012 - 19:51 | Link to Comment frenzic
frenzic's picture

Deleted.

Mon, 10/08/2012 - 18:18 | Link to Comment janchup
janchup's picture

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

Mon, 10/08/2012 - 18:27 | Link to Comment zilverreiger
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)

Mon, 10/08/2012 - 19:16 | Link to Comment NotApplicable
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.

Mon, 10/08/2012 - 20:42 | Link to Comment SafelyGraze
SafelyGraze's picture

google impairment indeed

searching for dutch only brings up stuff like this and this

en zo voort

volledige retard, inderdaad

Mon, 10/08/2012 - 19:34 | Link to Comment ebworthen
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).

Mon, 10/08/2012 - 20:07 | Link to Comment Tango in the Blight
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.

Mon, 10/08/2012 - 20:16 | Link to Comment Uber Vandal
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.

Mon, 10/08/2012 - 20:54 | Link to Comment tip e. canoe
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.

Tue, 10/09/2012 - 07:26 | Link to Comment Acet
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 ...

 

Tue, 10/09/2012 - 07:56 | Link to Comment Urban Redneck
Urban Redneck's picture

same same, but different.

Tue, 10/09/2012 - 00:06 | Link to Comment andrewp111
andrewp111's picture

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

Mon, 10/08/2012 - 18:24 | Link to Comment noses
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.

Mon, 10/08/2012 - 18:28 | Link to Comment THX 1178
THX 1178's picture

Ahhhh the "hat fart"... the prank of kings and slaves alike.

Mon, 10/08/2012 - 20:58 | Link to Comment Theosebes Goodfellow
Theosebes Goodfellow's picture

So THX, I have to ask. Can that be done without an ass hat?

Mon, 10/08/2012 - 18:49 | Link to Comment Supernova Born
Supernova Born's picture

My hovercraft is full of eels.

Mon, 10/08/2012 - 19:37 | Link to Comment Arthur Two Shed...
Arthur Two Sheds Jackson's picture

Take off your panties,Sir William......

(points at Merkel)

I cannot wait til lunchtime.

 

 

Mon, 10/08/2012 - 20:45 | Link to Comment SafelyGraze
SafelyGraze's picture

Mijn hovercraft zit vol palingen.

Tue, 10/09/2012 - 07:25 | Link to Comment MillionDollarBoner_
MillionDollarBoner_'s picture

Mijn hovercraft zit vol palingen ;o)

Edit: Damn, beaten to it - by a sheep !;O(

Mon, 10/08/2012 - 19:15 | Link to Comment chump666
chump666's picture

The Dutch are in trouble.

Kick Greece already. Europeans love masochism.

Mon, 10/08/2012 - 21:04 | Link to Comment THX 1178
THX 1178's picture

"We're in a lot of trouble!" -Howard Beale

Mon, 10/08/2012 - 19:21 | Link to Comment q99x2
q99x2's picture

IS GREECE GOING TO EXIT THE EURO?

Can somebody please tell me that much? It has been 2 1/2 years of pure torture for everyone. A simple yes or no will do.

Mon, 10/08/2012 - 19:30 | Link to Comment JohnG
JohnG's picture

Yes or No.

You walked right in to that. :)

Mon, 10/08/2012 - 19:32 | Link to Comment ebworthen
ebworthen's picture

Were you a page with a CONgressperson?

Or an intern at an attorney's office?

Not that there is a difference but...

(/sarc)

Mon, 10/08/2012 - 19:42 | Link to Comment JohnG
JohnG's picture

Nope, just an old database guy.  Very old.

Mon, 10/08/2012 - 19:46 | Link to Comment ebworthen
ebworthen's picture

0 or 1, on or off.

For anything to work, you must choose a combination of both.

;-)

Mon, 10/08/2012 - 19:58 | Link to Comment JohnG
JohnG's picture

That must be why my 8 ball keeps coming up with "Maybe."

Mon, 10/08/2012 - 20:36 | Link to Comment DeadFred
DeadFred's picture

You needed to be a physicist to get the correct answer. <Yes AND No> No one has looked in the box yet so Dr. Schrodinger's cat is still half alive and half dead. In this case it would be more accurate to say 95% dead and 5% alive. My question in line with the poor guy who's been waiting so long is, When will they finally open the stupid box?!

Mon, 10/08/2012 - 22:17 | Link to Comment arizona11912
arizona11912's picture

NO they wont.

Mon, 10/08/2012 - 20:00 | Link to Comment americanspirit
americanspirit's picture

Like the Dutch ( as I do) or hate them ( though I find it hard to understand why) there can be no question that as a whole Dutch society is among the world's most successful, civil, tolerant and forward-thinking societies. Sometimes muct to their detriment, as the humane but foolish decision to allow hundreds of thousands of pathetically dependent immigrants to flood into their country, which has caused and will cause them no end of grief. If nothing else the Dutch are practical people - so if you want to know where the EU is ultimately going to go, watch the Dutch very carefully.

As an aside, the Netherlands is the only country in the world where I have lived where anyone will stoop to pick up the smallest coin from the sidewalk. Toss a couple of pennies on any American street and watch how many people pass by. It is an instructive exercise.

Mon, 10/08/2012 - 20:35 | Link to Comment Tango in the Blight
Tango in the Blight's picture

Dutch people are miserly but can also be generous. Hence the immigrants and the lavish foreign aid. But this also has resulted in a backlash. That's why first Pim Fortuyn and now Geert Wilders got massive votes. The interesting thing is that they also got support from non-islamic immigrants.

Tue, 10/09/2012 - 05:51 | Link to Comment blabam
blabam's picture

The Netherlands going Fascist wouldn't suprise me one bit. Shitload of muslims with high social tensions in "good times". Bad times doesn't bode well for internal stability. Wilders wil come back with a vengeance.

Tue, 10/09/2012 - 08:32 | Link to Comment Joe A
Joe A's picture

Thank you for your kind words regarding us, the Dutch. Spot on about picking up pennies from the sidewalk but we are also quite generous. You are also spot on about the accepting pathetically dependent immigrants. That is due to the leftist Gütmenschen we have. Apparently they are of the opinion that we should accept all, even the ones that hate us, and that the taxpayers will gladly pay for all those who only come to take advantage of social services without making a single valuable contribution to society. You see, some Dutch feel a moral obligation to save the world and 'do something'. There is an irony about NL. The country for centuries so much wanted to play with the big boys but due to the country's size and population cannot be on the same level. But in trying so hard, the country is relatively more prosperous and powerful than some of these big players.

Mon, 10/08/2012 - 20:05 | Link to Comment deerhunter
deerhunter's picture

Being Dutch myself I know a lot of Hollander jokes.  Know how to make a Hollander crazy? Put him in a round room and tell him there is a penny in the corner.

Non Dutch joke,  Know how to tell when a senator has read a book?  All the pages are bent over.

Mon, 10/08/2012 - 20:17 | Link to Comment Banksters
Banksters's picture

The cock sucking bankers will bail themselves out and then tell the peasants to pull themselves up by their bootstraps. Revolt bitchezzzzz

Tue, 10/09/2012 - 00:05 | Link to Comment Joebloinvestor
Joebloinvestor's picture

Plan "B"

Tue, 10/09/2012 - 00:13 | Link to Comment Peter Pan
Peter Pan's picture

It has been some months since the cash balances of foreign companies operating in Greece have been disappearing, so this story is not new. Many German companies have also closed shop in Greece and have either increased capacity back in Germany or taken up the increasing slack in German capacity. All in all, Greece is sinking and her eyeballs are at the waterline but the Europeans  are headed that way as well.

Tue, 10/09/2012 - 02:02 | Link to Comment d_taco
d_taco's picture

It is old news. Zero-hedge behind the curve

Heineken moved its money to triple AAA country Zimbabwe in the North Sea (UK) this spring as we all know

http://www.ftadviser.com/2012/10/08/investments/uk/morning-papers-uk-austerity-squeeze-set-to-run-until-gWXodJKkz8K5j8UiA0rAiP/article.html

http://www.nasdaq.com/article/imf-uk-economy-weaker-than-other-euro-opt-out-nations-20121008-00881

These Heineken people have to move their money out Zimbabwe in The North Sea one point in time.

 

Tue, 10/09/2012 - 03:39 | Link to Comment Joe A
Joe A's picture

What is the really big surprise in this story is that the diplomats and civil servants were actually capable of thinking for themselves! Also, the thing is that due to the fiscal constructions in the Netherlands, all that money can be moved to the Cayman Islands with the flip of a switch. Not for nothing do many companies have their headquarters in the Netherlands. Hell, even Bono -the good doer- and the Rolling Stones are registered there.

The national bank of the Netherlands however said that they don't have a plan B. But they don't intend to bailout the taxpayer anyway.

edit: the timing of this 'revelation' is interesting now that Merkel is in Greece.

Tue, 10/09/2012 - 02:43 | Link to Comment slackrabbit
slackrabbit's picture

Feline Excape!

To me this confirms that the plans I mentioned earlier are already in motion

Tue, 10/09/2012 - 03:12 | Link to Comment DutchDude
DutchDude's picture

LOL, every company has a grexit strategy; that's common sense; something you'd need tot run a company and be even sligthly succesful.

I bet every EZ country told their offshore companies excactly the same thing; nothing Dutch about that.

Tue, 10/09/2012 - 04:41 | Link to Comment Vigilante
Vigilante's picture

Even the Greek govt has a Grexit strategy..

...or so I hope lol...

Tue, 10/09/2012 - 06:22 | Link to Comment giggler123
giggler123's picture

Not so closed doors now then?

Do NOT follow this link or you will be banned from the site!