Quote Of The Day: "That Was Not A Joke"

Tyler Durden's picture

If one needs proof that after 3 years of being merely totally insolvent, Europe is now also world's greatest Bazooko circus in history, please fast forward to 24 minutes into the clip, where Europe's most pathological liar is now its most (in)voluntary comedian as well.

Question: Is the goal still to get Greece's debt to 120%?

Juncker: The fact is that the target of 120% will remain, but the target as far as the time frame is concerned has been postponed to 2022.

[Laughter in the room]

Juncker: That was not a joke!

Fast forward to 24:00

And cue Bazooko's Circus.

h/t Alex

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Zero Govt's picture

"That was no joke"

He's kidding right? ...no, no, this guy is seriously kidding.

Miles Kendig's picture

This isn't the first time Junker has driven the media to laughter at an EU presser

walcott's picture

That was not a joke that was a Juncker.

Juncker / defintion - 1.) of junk, or 2.) to suck.

adj: a combination of junk and suck or junk suck(er)ing.

Overfed's picture

That was Nigel over there laughing at Junker. (I spelled it 'Junker' intentionally)

optimator's picture

And did you know there were two Erich (Eric) Hartmanns? 


GreatUncle's picture

JUst read another article where some think tank is saying the level of debt at 120% is not sustainable etc. etc. by the IMF.

Here's the thing the 120% is not sustainable under IMF / EU / Troika rules is what should be understood.

Because if it is solely the number at 120% being unsustainable then Japan's 200% is not sustainable either.

Greece needs to exit, devalue and as Japan hold its own debt therefore the debt cannot be traded globally for profit etc. Maybe the 200%+ and maybe higher debt economy ends up as an inevitability and the only solution is


Then take that rule and all sovereignty within the EU has to go with the EU central bank the economic manipulator. No area outside of the EU can hold its debt includes Mr China or anybody else.

Then you can see the issues, removal of sovereignty and the single currency both distinct within the same problem of fiscal responsibility.

Madcow's picture

Anyone who laughs at the king will be taken out back and shot.  Your family will be sent an invoice for the bullet.

No Euros please we're British's picture

I couldn't help myself, it's the way he tells them.

Blankenstein's picture

This is misleading.  If you watch before 24 minutes, the Bloomberg reporter asks if 2022 is still the goal to get the debt down to 120%.  Then Juncker replies the goal is still 120%, but the date has been postponed until 2022.  The laughter seems due to the fact that the reporter asked if the goal was still 2022 and then Juncker replies, no the goal has been postponed to 2022.  

This does not take away from the fact that these "goals" are absurd, but either the poster didn't pay attention or is being disingenuous.  

Anasteus's picture

Jean Claude acts as a typical politburo chinovnik.

Well, at least Christine sees the situation in Greece encouraging regardless of increased instability, growing unemployment and consequent riots as well as apparent unsustainability of every so far centrally planned out debt ceiling. But new brighter promises are fluently coming out so that the show can go on. After all, resounding verbal declarations have always been the most important thing in the statist pseudo-economic shell game.

We are not far from the moment when mere promises will become a Tier 1 quality collateral.

XitSam's picture

Right before, Lagarde says that she doens't read German so Der Spiegel isn't something she has read. There's an english version Christine. #spin

Fort's picture

Somebody in need of a journalist?

Seems there is one more looking for a job.

The laugh exposes the BS and Juncker was not amused, so the journalist just lost his press card.

hannah's picture

perfect comedy ...perfect timing. to bad we will all laugh going to the new gas chambers....!...LOL

Howdan's picture

No, no, THAT wasn't a joke -but this whole fucking-slow-motion-TBTFBanks-bailout-greece-fiasco-car-crash is a TOTAL JOKE!!

pies_lancuchowy's picture

It was 'getting serious' , so he 'had to lie'.

Zero Govt's picture

serious mental illness

..anyone that thinks they can keep a Greek to his word in 6 months is dreaming, this dreamer Junker thinks he can agree a Greek budget in 2022 ??????????????????????