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Angela "It's What's Right" Merkel Parody Paraded In Greece

Tyler Durden's picture





 

Following Angela Merkel's address to her people this evening, explaining, "anyone having their money in Cypriot banks must contribute in the Cypriot bailout. That way those responsible will contribute in it, not only the taxpayers of other countries, and that's what is right," we thought it ironic that the people of Greece envisioned her in a slightly different light today during a parade in Patras. 'Union'? No tension here at all...

 

(h/t @tottensniper)

 

or this from Cyprus

(h/t @frankmanktank)

 


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Sun, 03/17/2013 - 17:18 | Link to Comment Hopium Dealer
Hopium Dealer's picture

It's like they're trying to make a full-blown crisis or something.

Sun, 03/17/2013 - 17:23 | Link to Comment Croesus
Croesus's picture

HAHA........they fucked up bad, and they know it!

EUROPEANS......START YOUR BANK RUNS!

Bring this motherfucker down!

Happiness returns to the world, when bankers jump off the fucking rooftops.

Sun, 03/17/2013 - 17:25 | Link to Comment HoofHearted
HoofHearted's picture

If you haven't started to be your own Central Bank long ago, then you are screwed. 

Sun, 03/17/2013 - 17:30 | Link to Comment Croesus
Croesus's picture

I am my own Central Bank, but the goddamned Fed wouldn't accept my request for a bailout package, the cheap bastards. I was only asking for a couple of million.

Of course, what else would I expect, trying to pry money out of a banker's hands?

And now, my reserve assets have been lost in a boating accident.

Sun, 03/17/2013 - 17:32 | Link to Comment Pool Shark
Pool Shark's picture

 

 

Who would have guessed after two failed attempts in the 20th Century involving World Wars, that Germany would manage to take over Europe in the 21st Century without firing a single shot?

 

 

Sun, 03/17/2013 - 17:40 | Link to Comment falak pema
falak pema's picture

its called hard work BMW, VW, Audi and MB style. 

Sun, 03/17/2013 - 17:49 | Link to Comment slightlyskeptical
slightlyskeptical's picture

"In 2010, Germany produced more than 5.5 million automobiles; the U.S produced 2.7 million. At the same time, the average auto worker in Germany made $67.14 per hour in salary in benefits; the average one in the U.S. made $33.77 per hour. Yet Germany’s big three car companies—BMW, Daimler (Mercedes-Benz), and Volkswagen—are very profitable." 

It's because they actually reward hard work rather than shit on it.

 

 

Sun, 03/17/2013 - 18:03 | Link to Comment Pool Shark
Pool Shark's picture

 

 

But without the strength of the Euro, the periphery would never have been able to afford to buy those cars.

Now Frau Merkel is trying to collect the bad debts of those countries for cars that should never have been sold in the first place.

It's like lending money to your deadbeat cousin (who you know can't possibly pay you back) so he can buy your car, and then trying to collect from him after he drives your car into a ditch.

Good luck with that...

 

Sun, 03/17/2013 - 18:08 | Link to Comment smlbizman
smlbizman's picture

i dont speak german but did merkel say that the rape victim must pay for some of the attackers expenses?

Sun, 03/17/2013 - 18:18 | Link to Comment falak pema
falak pema's picture

that gets more expensive in gang bang mode. Maybe those Indian rapists will take out a class action against that poor swiss woman.

"Cyprus doctrine! All those naked femen got our goat!"

Sun, 03/17/2013 - 19:23 | Link to Comment knukles
knukles's picture

Kinda on the subject, I was reading the other day of the glories of the old Caliphate Empire.  Didja all realize that way back when they were excellent mathematicians, builders, scholars, engineers, had large comprehensive libraries and had excellent medical facilities.  In fact, somewhere during the 17the century the Arabs discovered that in using a sheep's intestine, it was an excellent birth control method.
Then in the mid 1800's the English discovered that it worked even better when the intestine had been removed from the sheep.

Sun, 03/17/2013 - 19:28 | Link to Comment Hulk
Hulk's picture

thats baaaaaad...

Sun, 03/17/2013 - 21:33 | Link to Comment Bullionaire
Bullionaire's picture

"And that, my liege, is how we know the world to be banana-shaped."

Sun, 03/17/2013 - 19:19 | Link to Comment Greyhat
Greyhat's picture

Yes, she did.

In her oppinion its justice if small cypriot savers have to pay for cypriot bankers and polititians bs.

Ok, its better they pay then the rest of the european tax payers, but first they should have held the banksters liable.

Sun, 03/17/2013 - 19:08 | Link to Comment Silver Garbage Man
Silver Garbage Man's picture

Yeh, but they only work 3 hours a day......no wait, that's the French . Sorry Germany!
Got Silver???

Sun, 03/17/2013 - 19:32 | Link to Comment otto skorzeny
otto skorzeny's picture

Germany now produces alot of cars here in US-the German autoworker looks upon his US counterpart as a UAW member looks upon a Mexican autoworker

Sun, 03/17/2013 - 20:13 | Link to Comment SoCalBusted
SoCalBusted's picture

Here is Cali, the staff and admin parking lots of public schools are filled with all the cool EU cars: MBZ, BMW, etc.  It's for the children.

Sun, 03/17/2013 - 17:59 | Link to Comment e m m
e m m's picture

Though it happened before that after so much sweat, doubling down and flying high on expectation (and a bit of cheating too), they fold just before the finish. Like it's destiny that a Balotelli comes along.

Mon, 03/18/2013 - 02:17 | Link to Comment Dre4dwolf
Dre4dwolf's picture

The assets are not lost, just write up some derivatives contracts for the salvage value of the sunken assets and sell them.

 

It would be wise to "estimate" what the value of your derivitized sunken treasure would be in say...100 years of inflation and value the contracts at that, thats how most banks are valuing their current sunken treasure (home loans that are underwater ) ;p

 

 

The world is so bad, that you cant even make jokes anymore without the joke actually being a plausible scenario......

Sun, 03/17/2013 - 17:50 | Link to Comment azzhatter
azzhatter's picture

Start your week out right, Hang a banker!

Sun, 03/17/2013 - 19:47 | Link to Comment q99x2
q99x2's picture

The sooner the FEDs are forced to implement the physical takeover of the US the better. Don't wait until the DHS is fully armed and into position.

Sun, 03/17/2013 - 17:23 | Link to Comment McMolotov
McMolotov's picture

Frau Merkel deserves a tungsten medal for shitting the bed.

Sun, 03/17/2013 - 17:30 | Link to Comment lolmao500
lolmao500's picture

Frau Merkel deserves a hot tungsten rod up her arsch. But again, it might excite her, she's German after all... and Germans are into kinky stuff... not judging.

Sun, 03/17/2013 - 17:31 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Cripes, at first glance, I thought the small picture (Merkel with horns) on the ZH main page was a picture of Davros.

Sun, 03/17/2013 - 19:15 | Link to Comment Element
Sun, 03/17/2013 - 19:25 | Link to Comment knukles
knukles's picture

Now that is an interesting take on the whole thing.  The PTB in the EU are actually Daleks....
It makes as much sense as any other explanation.

Sun, 03/17/2013 - 20:11 | Link to Comment void_ptr
void_ptr's picture

The fact is Germany has been subsidizing and bailing out the PIIGS & friends. They are trying to draw a line in the sand. If they just bail out without limit, then  the PIIGS will just spend without limit (into corrupt kleptocracies). Either via taxes upon German producers, or indirectly via debasement of the Euro via ECB monetization of bad debts. The moral hazard problem cannot be ignored. As willing as they have been to go along with the idea of preserving the status quo, they have too much decency to do the totally irrational thing and just print to pay any and all debts brought on by rank looting of the public treasury.

This Cyprus episode looks to me like the very first instance of what the deflationists always said would happen: bad debts entail the shrinking of the money supply. Up till now (since Lehman), all the bad debts have pretty much been transferred to the central banks who "expand their balance sheets" to receive them e. g. Maiden Lane and the worthless MBS. For the first time, the bad debts are recognized for what they are. You deposited your money in a bank that was insolvent, and now that bank is not able to make good on its liabilities (your deposits). The Germans come in, and make up the bulk of the difference. And what do they get for their generosity? Villanized as "deserving a tungsten rod up the arsch". Inflationistas like Schiff said the system would never have the integrity to let bad debts go bad, and let the people who regarded those bad debts as assets suffer their losses. Instead we would print endlessly so they were all nomimally made good, in the end bringing on the hyperinflation. And here is the first merest, slightest hint of not just printing to pay everything to everyone that might have been promised something by someone, and there's this waspish malignancy to paint the people imposing some rational constraint as perverse somehow.

I suspect the Germans want this resolution as a shot across the bow of those like Beppe Grillo and the Italians who don't want any austerity. Economics has been the defined as the science of allocating scarce goods to unlimited human wants and needs. And the moment some constraint is attempted to be imposed on states that want to grant everything to everyone, we see a great hue and cry that the person imposing the constraint is a Nazi. Thank Goodness for the Germans and Teutonic Virtue. It doesn't seem to be found anywhere else.

 

Sun, 03/17/2013 - 20:11 | Link to Comment King_Julian
King_Julian's picture

I'm guessing many have a problem with the word "generosity". It doesn't seem to fit here. Are you really arguing this is some sort of charitable act? This allows a perverse status quo to continue. True, many Europeans may want the party to continue so they keep their social welfare state with all the bennies. The Euro is a tool for Germany to dominate at the least cost possible. It is indeed "generous" to let this illusion to continue a bit longer.

Sun, 03/17/2013 - 20:32 | Link to Comment void_ptr
void_ptr's picture

The Germans (or those in the EZ that are capable of paying, as opposed to taking, anything) are _giving_ 10B euro to spare the Cypriot depositors losses they would otherwise suffer. That's not generosity?

I think the highest road would have been to refuse to print anything for anyone and refuse to subsidize the corruption in the kleptocracies. They no doubt felt pressure to help, and to prevent the falling apart of the eurozone for light and transient causes. I'm hoping that they are finally at the point of not just caving in to everyone for everything, and finally demanding that the corrupt kleptocracies pay _some_ price for their looting.

BTW thanks for actually reading my post. You homed in on what I suspected people would object to, if they understood what I was saying.

Sun, 03/17/2013 - 17:29 | Link to Comment machineh
machineh's picture

Frau?

Just call her the Merkelsatan (die Merkelteufel).

Sun, 03/17/2013 - 17:41 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

...oder Merkel, die Geistig behindert Trüffelschwein.

Sun, 03/17/2013 - 19:42 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Ihr Kommentar ist gemein und grammatisch inkorrekt.

Sun, 03/17/2013 - 21:22 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Leider ist dein Kopf sehr krank, nach US 'amerikanischer' Staatsbürgerismus.

Sun, 03/17/2013 - 20:30 | Link to Comment Number 156
Sun, 03/17/2013 - 17:44 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

Fucking fat bitch is talking out of her big fat arse.

Sun, 03/17/2013 - 17:51 | Link to Comment Irelevant
Irelevant's picture

It's like they're trying to make a full-blown crisis or something.

That is what I was thinking. You must be fucking insane, drunk and high on meth to come up with a plan as the one set forth in Cyprus. It`s nuts. I don`t know what they are cooking but its something big, this Cyprus deal smells like a huge false flag, mainly because all the MSM is all over it. How many outlets reported the NDAA? Also, this will feed Grillo in Italy, other extremists in Greece, Hungary is the craper big time. Romania, that is another country down the drains. Austrian banks, with all those flats in the Ukraine, Poland, Romania and Hungary, now there is a good business model.

Having the situation so volatile I`m amazed they came up with the Cyprus story. $17B is peanuts for the ECB/IMF, they could just have had given them the loan, another blip in a news feed, DOW to new highs! But confiscation of property, in the European Union?! WTF! We have the Charter for Fundamental Rights within the EU, property is sacred ...until it isn`t. Its fascinating, I have no clue what they are preparing for the sheep, but it will be big, and it will go something like due to the escalating situation, derived from the Cyrpus debacle (blame Cyprus) we will now close the borders, close the banks, have you arrested, have your metal confiscated and so on. For the good of the state and the many of course, you gold and food hoarding bitchez!

Sun, 03/17/2013 - 18:22 | Link to Comment Ratscam
Ratscam's picture

+1 could not upvote you

Sun, 03/17/2013 - 18:32 | Link to Comment BandGap
BandGap's picture

Dude, on the scale that Cypriot banks do business, this is a significant amount.

This is about revenge, or teaching someone a lesson. But the amount Cyprus is expecting is not small. Think scale.

Sun, 03/17/2013 - 19:52 | Link to Comment Rustysilver
Rustysilver's picture

Irelevant,

+1 I could not +1 you because your post started with italics (i think).

Anyway +1.

Sun, 03/17/2013 - 17:21 | Link to Comment falak pema
falak pema's picture

William, calling William the menace, to best this brilliant parody of Gretel lost in dark forest of debt frenzy remedial pain.

Sun, 03/17/2013 - 17:21 | Link to Comment They Tried to S...
They Tried to Steal My Gold's picture

Frankly this is worthy of a Nobel Peace Prize....

Sun, 03/17/2013 - 17:21 | Link to Comment FleaMarketPete
FleaMarketPete's picture

Does this mean a fiscal union solution is off the table?

Sun, 03/17/2013 - 17:22 | Link to Comment magpie
magpie's picture

This is the fiscal union...they will loot accounts one by one.

Sun, 03/17/2013 - 18:34 | Link to Comment machineh
machineh's picture

EURidiots ... alla youse ...

Sun, 03/17/2013 - 17:23 | Link to Comment debtor of last ...
debtor of last resort's picture

Money as an exchange. Between hate and anger. Do i see a head on a stick?

Sun, 03/17/2013 - 17:23 | Link to Comment squid virtuous
squid virtuous's picture

History will look back on this as the Arch-Duke Ferdinand moment of the Euro collapse, and perhaps even WW3

Sun, 03/17/2013 - 17:31 | Link to Comment s2man
s2man's picture

Possibly.

Will this start the banking dominoes tumbling?  Regardless of the final "levy" in Cyprus, if bank runs start in European Disunion (love that, Tyler) then bank failures will follow. Ignore Cyprus, Spain, Italy... When the banks fail in Germany or UK it will extend to the U.S. banks. Bank holiday, coming to a bank near you.

Sun, 03/17/2013 - 17:24 | Link to Comment lolmao500
lolmao500's picture

Merkel, another biatch who should be hanged, drawn and quartered.

Sun, 03/17/2013 - 18:12 | Link to Comment TheGardener
TheGardener's picture

Merkel can claim to take this bitching to perfection.

She would have been ready to tell her people all their savings are gone but the good news is they are given the chance to make the state whole with a 50% real estate levy
5 years ago. Now she will say anything like with a straight face, announcing the next best dictator thing "without alternative" while having breakfast .

She might take the EURO to his well deserved grave and get
all the praise for it but her Endsieg- talk without alternatives is sickening, to say the least.

Sun, 03/17/2013 - 17:24 | Link to Comment El Oregonian
El Oregonian's picture

Merkel the Erkel "Did I do that!?!" (upon finding that she destroyed the Euro)

Sun, 03/17/2013 - 18:36 | Link to Comment machineh
machineh's picture

Archduchess Ferdimerkel:

Stay the hell outta Sarajevo, bitch!

Sun, 03/17/2013 - 17:26 | Link to Comment SDShack
SDShack's picture

I suspect Merkel is worrying about elections later this year, and understand the German people are fed up with recession after bailing out the PIIGS and listening to France. She probably took this stance out of political expediency, and is essentially saying if this blows up, it's going to be every EU country for themselves. But if the EU holds together this summer and she and her parry survives, you can bet it will be more kick the can down the road.  

Sun, 03/17/2013 - 17:28 | Link to Comment lolmao500
lolmao500's picture

The only way Europe REALLY survives is if the German anti-EU party wins and tells all the can kickers to go to hell.

Nothing will change till Italy and/or Germany tells the EUrocrats to go to hell. Anyone big enough to take the whole thing down at once...

Sun, 03/17/2013 - 17:36 | Link to Comment SDShack
SDShack's picture

True, but since Germany is an export country, they benefit from the Euro vs what would be a much stronger Deuchmark. You can bet this will be the way the election will be framed. The real quesion is will the EU make it to German elections, (which I think are in September) or will this and more EU crisis change the entire dynamic? As to Italy, I would say that is the better chance of being the domino that makes the EU fall.

Sun, 03/17/2013 - 17:39 | Link to Comment Alpha Monkey
Alpha Monkey's picture

I'm pretty sure germans know how to weaken their currency...

Sun, 03/17/2013 - 18:39 | Link to Comment TheGardener
TheGardener's picture

German currency was always weak. Only rich people could
by Swiss francs, dollars could be had for a bucket full of deutschmarks by the very rich and pounds were always
out of reach , before Soros got the pound busted a German
tourist had to give almost 3 DM for a pound that bought
him LESS than a single DM at home. Go figure, German money only had relative strength towards other weaker European
currencies that coincided with their favorite holiday destinations.

To present and former reserve currencies the Germans had limited convertability to, anything quoted in DM was very
cheap and still is in the EURO surrogate while salaries are
less than half as in pre- 2002.

Sun, 03/17/2013 - 20:07 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

How did Germany ever build itself into a powerhouse without the Euro? Seriously.

"Ignorance is bliss." -1984

Sun, 03/17/2013 - 17:27 | Link to Comment gwar5
gwar5's picture

Anybody know if there were any military/police on the streets in Cyprus or Greece prepositioned for this? Curious.

Sun, 03/17/2013 - 17:29 | Link to Comment gwar5
gwar5's picture

Anybody know if there were any military/police on the streets in Cyprus or Greece prepositioned for this? Curious.

Sun, 03/17/2013 - 17:34 | Link to Comment chockl
chockl's picture

Pre planed total take down...Thank you Banksters.

Sun, 03/17/2013 - 17:42 | Link to Comment Jugdish
Jugdish's picture

I'm moving all my money to the stock market and turning Gay. Now is a great time to invest.

Sun, 03/17/2013 - 17:45 | Link to Comment squid virtuous
squid virtuous's picture

Bob Pissani has some good tips re: both of your decisions...

Sun, 03/17/2013 - 17:52 | Link to Comment azzhatter
azzhatter's picture

You should join CNBC too, a trifecta

Sun, 03/17/2013 - 18:04 | Link to Comment nmewn
nmewn's picture

Hi-ho fella!

Sun, 03/17/2013 - 18:06 | Link to Comment nodhannum
nodhannum's picture

I think that just "sucks" Jugdish!  I've thought about about picking up a few REITs and/or Refiners but tubesteak is just too much.

Sun, 03/17/2013 - 21:38 | Link to Comment void_ptr
void_ptr's picture

Post deleted. It was a witless joke.

Sun, 03/17/2013 - 17:45 | Link to Comment psyops
psyops's picture

this really feels like Sept 1939, the invasion of Poland all over again...They just now do it with Euros instead of Panzers...

I wonder how long until we witness the City of London Blitz No2...

I bet Mr. Schauble having his Finance Ministry in the former Luftwafe headquarters in Berlin was a choice dictated by an unconscious preference for both National Socialist aesthetics and Blitzkrieg tactics...

Sun, 03/17/2013 - 19:57 | Link to Comment Rustysilver
Rustysilver's picture

I have some distant cousins in Ost Prussen. I think that someone is cleaning up the wolf's lair.

Sun, 03/17/2013 - 17:48 | Link to Comment Mediocritas
Mediocritas's picture

If Germany is able to continue clipping PIIGS depisitors then euros will take flight to the core for the perceived safety. Drained peripheral nations will either have to massively expand government spending or face crippling deflationary collapse.

If they choose spending, then their bond issuances will have to attract core euros and that comes with strings attached. In other words, Germany will take over fiscal policy.

The alternative is to leave the euro and devalue after suffering a massive capital drain to Germany.

At face value it looks like a successful conquering of the periphery by Germany. In reality, it's only the non-financial players who see it that way (who, incidentally, have a stronghold in Germany (manufacturers)). The truth is that German banks are too exposed to the periphery to let it go up in flames.

If the periphery blows, then the Germans, up on their high horse ( with reason to be) will suddenly find their own nation blowing up in their faces thanks to Deutsche bank et al. It'll come as something of a rude shock.

Maybe they figure that they can spook enough capital out of the periphery that it will flow to be looted in the core to fill the core's own black hole of a banking sector. One hell of a gamble to be making.

More likely that Merkel is simply losing ground ( for her banks) as popular opinion in the German electorate swells against more bailouts..

Sun, 03/17/2013 - 18:02 | Link to Comment SDShack
SDShack's picture

Yep, it looks like Merkel is trying to thread an awfully small needle. Trying to keep the EU together to save her banks and export economy, while balancing the rising anger of the German people against the bailouts of the PIIGS. With Germany in recession, it is clear the Merkel strategy up till now is not working and the likelihood is that she will lose re-election. This may be an attempted hail mary to change that trajectory, but I don't see how.

Sun, 03/17/2013 - 18:17 | Link to Comment css1971
css1971's picture

Commerzbank will be first.

I wouldn't go from Greece to Germany, I would go from Greece to the US or Switzerland. Get out of the Euro entirely. Better. Get out of cash entirely.

Sun, 03/17/2013 - 17:46 | Link to Comment AvenoSativo
AvenoSativo's picture

>>Angela Merkel's address to her people this evening, explaining, "anyone having their money in Cypriot banks must contribute in the Cypriot bailout.<<

 

-----

Will someone bring a class action suit against EU for inflicting on the rule of "deposit guarantee" (government guarantee of return of maximum deposit amount of EUR 100,000 per depositor)?

Sun, 03/17/2013 - 17:48 | Link to Comment PY-129-20
Sun, 03/17/2013 - 20:32 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Funny. Note the words "You must save" on the flag on her arm.

But you do realize that this was a float at Carnival? So it's all in good fun.

Sun, 03/17/2013 - 17:52 | Link to Comment chockl
chockl's picture

The Hun The Hun the horrible Hun.

Sun, 03/17/2013 - 17:55 | Link to Comment chockl
chockl's picture

I hear there throwing babies out of incubators as we speak.

Sun, 03/17/2013 - 17:55 | Link to Comment Edward Fiatski
Edward Fiatski's picture

The Cypriot one has more class. :)

Sun, 03/17/2013 - 17:56 | Link to Comment thismarketisrigged
thismarketisrigged's picture

somehow cnbc will turn this whole europe crisis into a positive for the u.s stock market.

 

tommorrow on squak on the street,'' i am very bullish on u.s equities right now, with all the turmoil in europe, those people have to put there money somewhere, and the u.s is the safest place to do so. buy buy buy''.

 

asia better be down at least 3 plus percent tonight, this is as bad of news out of nowhere as there can be.( we all saw this coming, but the street didnt)

Sun, 03/17/2013 - 17:58 | Link to Comment chockl
chockl's picture

O Bummer Drones are on the way go usa.

Sun, 03/17/2013 - 18:03 | Link to Comment nmewn
nmewn's picture

"anyone having their money in Cypriot banks must contribute in the Cypriot bailout. That way those responsible will contribute in it, not only the taxpayers of other countries, and that's what is right,"

So, someone who chose their bank poorly can either pay the government a tax for their bad decision in trusting that bank OR risk losing everything in that poorly, governmentally regulated bank?

Whats not to love about this arrangement?...ROTFL!!!

Sun, 03/17/2013 - 18:28 | Link to Comment Peterus
Peterus's picture

At last it is clear as day that this is not "tax" it is just the amount the robber elected to take. All the fairy tales of social contract can just get torched. Well armed guys are taking, peasants are giving and this is it. Allowing masses to choose either blue prince or red prince to be ruling right now - changes nothing, except for confusing the peasants.

Sun, 03/17/2013 - 18:35 | Link to Comment nmewn
nmewn's picture

"At last it is clear as day that this is not "tax" it is just the amount the robber elected to take."

I believe that was my opinion of ObamaCare...but I was over ruled by the majority...so I feel much better now for having bathed in their infinite wisdom ;-)

Sun, 03/17/2013 - 21:39 | Link to Comment void_ptr
void_ptr's picture

If we keep going in this direction, banks might have to actually compete on the basis of the solvency of their balance sheet. We can't have that, can we?

Sun, 03/17/2013 - 18:06 | Link to Comment currencywar
currencywar's picture

Who will fall next to this madness?

And, will "they" see the error of their ways with this move and reverse this "bailout" seeing the harm it is doing ot the EURO?

Sun, 03/17/2013 - 18:13 | Link to Comment knukles
knukles's picture

NO

It will be labelled as Grillo's fault what with crazy fuckers taking over, destroying confidence in well established EU institutions.
Bush's fault as it's about time it was resurrected
White people's fault as like Detroit had they not left the city it wouldn't have gone bankrupt
Gold holder's fault as they're speculating against the system (as per Krugman here yesterday on ZH... like, WTF has holding a traditional barbarous relic got to do with bankrupting the system and if it does, why the government holding it as they're doing a fine job of bankrupting the system already)
Tea Party's fault (self explanatory)
Fat white Bible and Gun loving males
UKIP (self explanatory)
Global Warming (self explanatory)
Nope, not the problem of the EU or Euro all of which are logical sane and for your betterment, peasant.

Sun, 03/17/2013 - 18:43 | Link to Comment nmewn
nmewn's picture

So, in summation, Birkenstock wearing, gun totin, white Tea Partiers, born in Maine, of Italian decent, quoting scripture from Al-Gorzeera's epic, an Inconvient Currency?

Sun, 03/17/2013 - 19:18 | Link to Comment knukles
knukles's picture

Who?

Sun, 03/17/2013 - 18:08 | Link to Comment Joebloinvestor
Joebloinvestor's picture

She really is fucking stupid.

Sun, 03/17/2013 - 18:52 | Link to Comment WTFx10
WTFx10's picture

Shes a puppet stupid, their all FUCKING PUPPETS. The controlling hand is fisting all their political asses.

Know thy enemy

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." John Dalberg Lord Acton

Sun, 03/17/2013 - 20:18 | Link to Comment itstippy
itstippy's picture

Right or wrong, Merkel is consistant.  I admire that in a politician. 

Merkel's position has always been "Nein!" to fiscal unity.  She has clearly stated that as long as she is in power, Germany will not guarantee deposits in other Nation's banks.  Period.

It's rare to see a politician on any continent stick to their position. 

Would you prefer that she agree to have the EU backstop the Cyprus banks' guarantees to depositors' funds, after insisting that she would not under any circumstances allow such a thing?  Would that make her "smart"?

Sun, 03/17/2013 - 18:08 | Link to Comment chockl
chockl's picture

It's the fucken jew banksters fucktards...Don't yea ever learn.

 

Sun, 03/17/2013 - 18:49 | Link to Comment WTFx10
WTFx10's picture

The Germans will be hated because of a ___________ controlled bankster cartel. Who invented the Euro?

Who controls the world Bank and the IMF?

Who controls the BIS?

Who collects the interest on the national debts?

Who is the most outspoken in the USA government to strip us of our Gun rights? What dual citizenship do they hold?

Who controls all the MSM outlets in the USA? Who controls BBC?

What is the only country that disregards the most UN resolutions. Why do they refuse to sign the NPT. Why do they have Nukes?

Why is Iran vilified for signing the NPT and following the rules?

Why was MAD good for the USA and the soviet Union but not for them and Arab counties?

Who bank roles the wars and profits from the winner and the loser?

Why do they practice what they want everyone to pity them for? Why do other counties let them get away with it?

Why does this tiny state control the USA?

But DON"T ever say it out loud SHHHHHHHHHHHHHHHHHHHHH its a secret. The slaves might catch on and do something about it.

 

 

  “Truth hurts. Maybe not as much as jumping on a bicycle with a seat missing, but it hurts.”

                                      -Naked Gun

 

 

 

Sun, 03/17/2013 - 20:37 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Observation: 8 up, 0 down. Nothing too overt, but framed tactfully. Interesting takeaway.

Sun, 03/17/2013 - 18:13 | Link to Comment css1971
css1971's picture

"anyone having their money in Cypriot banks must contribute in the Cypriot bailout. That way those responsible will contribute in it, not only the taxpayers of other countries, and that's what is right,"

WTF?

Bye bye Spain, Italy, Greece, Ireland, Portugal bank deposits, and banks.

bye bye Santander. Aren't they the biggest bank in Europe?

Sun, 03/17/2013 - 18:15 | Link to Comment chockl
chockl's picture

They want Moar and moar and moar and moar.....

Sun, 03/17/2013 - 18:20 | Link to Comment noses
noses's picture

In the midnight hour she cried "more, more, more"
With a rebel yell she cried "more, more, more

 

Bad luck for the Greek that they can't sing worth a dime...

Sun, 03/17/2013 - 18:18 | Link to Comment noses
noses's picture

As long as they've got the time and the money for that kind of shit the rest of Europe is still paying too much for them. Only a stupid dog would bite the hand it expects to feed it.

Sun, 03/17/2013 - 18:22 | Link to Comment MS7
MS7's picture

I don't know if this was also reported in the US, but according to a Greek blog (that generally is good), Merkel told the PM of Greece that if he did not fire more government workers, Greek banks would meet the same fate as Cyrpriot banks. Even if it isn't true and only a rumor, it could still cause a bank run. Who knows what the plan here is?

Here's  the link to the Greek article:

http://www.kourdistoportocali.com/articles/19438.htm

 

Sun, 03/17/2013 - 18:23 | Link to Comment Racer
Racer's picture

those responsible are the fu$Ck1ng evil banksters you moron

Sun, 03/17/2013 - 19:03 | Link to Comment besnook
besnook's picture

the greek soccer player was right. heil merkel!

Sun, 03/17/2013 - 19:11 | Link to Comment QQQBall
QQQBall's picture

Euro plummets, USD skys... which lever do I pull?

Signed,

 

The wizard of Fed

 

Sun, 03/17/2013 - 19:33 | Link to Comment Doug
Doug's picture

Keep on biting the hand that's feeding you, Greeks!  Yeah!  You show 'em who's boss!  Tell the Germans to work harder for you!

Sun, 03/17/2013 - 19:35 | Link to Comment SqueekyFromm
SqueekyFromm's picture

Well, here is an Irish Poem I just wrote in pigdin German:

 

Dichtig

Frau Merkel sagte, "Ja, dies ist richtig!"

"Zu packen die Geld vollstandig!"

"Und besser fur ganzer,

Als senden die Panzer

"Verpiss Dich! Unser Geld ist sehr wichtig!,

(You can copy and paste this into Goodle Translate, then hit the speaker button, and you can hear it in German.)

 

And here is an English translation:

 

Tightness

Mrs Merkel said, "Yes, this is correct!"

"To tackle the money completely!"

"And better for all,

Than send the tanks

"Piss off! Our money is very important!"

 

Squeeky Fromm, Madchen-Reporter

Sun, 03/17/2013 - 19:52 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

The avalanche has already started. It is too late for the pebbles to vote.

Sun, 03/17/2013 - 20:03 | Link to Comment Krugger
Krugger's picture

The Hitler bunker parody for the Cyprus deal is out already.

http://www.youtube.com/watch?feature=player_embedded&v=K5R2JyU_MKg

Regarding someones  (gwar5 )  earlier question about troops etc on the streets,perhaps no coincidence the British government has offered to compensate any financial losses for the 3,500 or so British troops on the island.

Their services may be needed soon !

Sun, 03/17/2013 - 20:03 | Link to Comment Rustysilver
Rustysilver's picture

The question is would you want to drive German made car anywhere in Europe.

I think when some German cars start spontaneously combust then I think that people will see the light of day (no pun intended).

Sun, 03/17/2013 - 20:38 | Link to Comment Day_Of_The_Tentacle
Day_Of_The_Tentacle's picture

Naaah don't be silly! Have you ever been here? Everybody drives german cars here...except for the French of course.

Sun, 03/17/2013 - 20:44 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Skoda is a Czech VW, owned by VW. Only cheaper, and attractive to rocks and heists.

Sun, 03/17/2013 - 21:00 | Link to Comment BarryG
Sun, 03/17/2013 - 21:41 | Link to Comment void_ptr
void_ptr's picture

That blog you link is the most wrong-headed analysis possible. See my comments above if you want a clue.

Sun, 03/17/2013 - 22:07 | Link to Comment 22winmag
22winmag's picture

...or below if you set your preferences to list most recent comments first, like anyone with half a brain does.

Sun, 03/17/2013 - 22:23 | Link to Comment void_ptr
void_ptr's picture

Thanks for the pointer. Yes. Above, below, ever-what.

 

Sun, 03/17/2013 - 21:12 | Link to Comment dunce
dunce's picture

"It is what is right' is just another fairness argument against private property, the state owns every thing and you just have it on loan and they can call the loan anytime.

Sun, 03/17/2013 - 22:05 | Link to Comment 22winmag
22winmag's picture

Correct... fail to pay your protection money (aka property tax) and they send armed goons to take your house and sell it off.

Sun, 03/17/2013 - 22:11 | Link to Comment Youri Carma
Youri Carma's picture
Here's my $5 cents worth:

Germany Finance Minister Schaeuble's Dark 'Uncontrollable' Hand Over Europe http://img.photobucket.com/albums/v393/youricarma/Miscellaneous/DrStrangelove-Schuble001.jpg

German finance minister asks Bundestag to agree Cyprus deal, 16 March 2013, Berlin (Reuters) http://www.reuters.com/article/2013/03/16/us-eurozone-cyprus-germany-idUSBRE92F09F20130316 Germany Finance Minister on Cyprus Bailout - Vid http://www.bloomberg.com/video/germany-finance-minister-on-cyprus-bailout-p6Kxl1KIRP6WIkr93iGuew.html

Mon, 03/18/2013 - 11:03 | Link to Comment Mr. Magniloquent
Mr. Magniloquent's picture

These lavish Greeks still have money for frivilous street art! Obviously the screws still have a few turns left to be had.

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