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Greek Coalition On Verge Of Collapse: Snap Elections Scenario Returns

Tyler Durden's picture




 

And just like that, the entire world is on fire with Greece back in the frying pan following news from Kathimerini's Chrysoloras that the Greek coalition has collapsed, and the possibility of a snap election front and center, and with it the likelihood that the Greek memorandum is voided, the Grexit follows and so on.

 

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Thu, 06/20/2013 - 16:19 | 3676597 Jack's Digestib...
Jack's Digestible Ideas's picture

Well, that escalated quickly.

Thu, 06/20/2013 - 16:21 | 3676610 GVB
GVB's picture

I smell something burning

Thu, 06/20/2013 - 16:25 | 3676651 InvestmentMind
InvestmentMind's picture

So funny.

Whenever there's the threat of no more cash, it's "Quick, we need new elections to distract them into giving us more money".

 

Thu, 06/20/2013 - 19:01 | 3677180 mjcOH1
mjcOH1's picture

Well...it's not good judgement that got them where they are.

Or perhaps the good taxpayers in the rest of the EU really do like an extra hand reaching for their wallet.

Thu, 06/20/2013 - 19:22 | 3677234 Spirit Of Truth
Spirit Of Truth's picture

It's all part of "The Plan": http://www.youtube.com/watch?v=Zvl9N9GdraQ

Thu, 06/20/2013 - 16:28 | 3676658 The Master
The Master's picture

If anyone doubts that there are members of a secret elite known as TPTB look at all of the events that have unfolded in rapid succession and tell me it's nothing but a coincidence:

NSA leak, Syria escalation, QE tapering, China Lehman-type event, IMF statement on Greece

Thu, 06/20/2013 - 16:31 | 3676680 Bay of Pigs
Bay of Pigs's picture

"And down the stretch they come!"

Thu, 06/20/2013 - 16:38 | 3676711 SmallerGovNow2
SmallerGovNow2's picture

And the Bilderberg group just met as well as the G8...  things that make you go hmmm...

Thu, 06/20/2013 - 16:43 | 3676739 otto skorzeny
otto skorzeny's picture

7 of those 8 numbnut leaders are Zionist pawns- I'll let you guess who isn't.

Thu, 06/20/2013 - 17:17 | 3676874 Panafrican Funk...
Panafrican Funktron Robot's picture

"NSA leak, Syria escalation, QE tapering, China Lehman-type event, IMF statement on Greece, Waddell and Reed trades /ES"

Completed the chain for you.

Thu, 06/20/2013 - 22:58 | 3677855 NooooB
NooooB's picture

What I don't understand is that Oil isn't buying it. And neither is the Euro (currency)... I see the events and the numbers and the volume and I am left scratching my head...  Maybe the trashing of 7 Billion worth of war materials in Afghanistan is telegraphing that the party is over?

Thu, 06/20/2013 - 16:34 | 3676697 Kiss My Iceland...
Kiss My Icelandic Ass's picture

 

 

"I smell something burning"

 

Napalm in the morning ?

Thu, 06/20/2013 - 16:43 | 3676730 XitSam
XitSam's picture

FOWARD TO VITORY!

Thu, 06/20/2013 - 16:31 | 3676673 Ham-bone
Ham-bone's picture

these guys are old-school...they vote by snapping (like skidddly de wa, cat...dig?).

guess they don't trust diebold either!

Thu, 06/20/2013 - 17:07 | 3676836 Spawn of Cagliostro
Spawn of Cagliostro's picture

Efcharisto, sir! May I have another?

Thu, 06/20/2013 - 20:50 | 3677441 stocktivity
stocktivity's picture

Does this feel like Groundhog Day? We've been through this 5 times now and we know how it ends...a last minute settlement and the market goes up a few hundred points in relief.

Thu, 06/20/2013 - 16:20 | 3676606 transaccountin
transaccountin's picture

yet /es went up 8 points into the close.... must be all them on the margin idiots doubleing down. lolz

Thu, 06/20/2013 - 16:21 | 3676611 Black Forest
Black Forest's picture

Venizelos: political stability is under threat in Greece

Unusually surprising, I am deeply shocked.

 

Thu, 06/20/2013 - 16:44 | 3676745 foxenburg
foxenburg's picture

@Black Forest. I, too, am puzzled by this.

Thu, 06/20/2013 - 17:18 | 3676885 Panafrican Funk...
Panafrican Funktron Robot's picture

Next thing you know, there will be problems in Italy!  Or Ireland!  Or Spain! 

I know, fucking crazy talk.  

Thu, 06/20/2013 - 16:21 | 3676614 Jugdish
Jugdish's picture

Golden Dawn makes the most sense. Fuck the EU. Long Sisa.

Thu, 06/20/2013 - 16:40 | 3676723 Crtrvlt
Crtrvlt's picture

yea electing a bunch of fucking nazis makes the most sense.  

 

http://jungle-report.blogspot.gr/2012/03/blog-post.html

https://www.facebook.com/media/set/?set=a.10151504459148181.1073741825.340299793180&type=3

 

In an article published in 1987 in the Golden Dawn magazine titled "Hitler for 1000 years", its editor Michaloliakos (Golden Dawn's current leader) showed his support for Nazism and white supremacy. Specifically he wrote, "We are the faithful soldiers of the National Socialist idea and nothing else" and "[...] WE EXIST, and continue the battle, the battle for the final victory of our race". He ends the article by writing "1987, 42 years later, with our thought and soul given to the last great battle, with our thought and soul given to the black and red banners, with our thought and soul given to the memory of our great Leader, we raise our right hand up, we salute the Sun and with the courage, that is compelled by our military honor and our National Socialist duty we shout full of passion, faith to the future and our visions: HEIL HITLER!". Furthermore he uses capital letters for pronouns referring to Hitler ("by Himself", "His people").

http://www.iefimerida.gr/news/48267/%CE%BD%CE%AF%CE%BA%CE%BF%CF%82-%CE%BC%CE%B9%CF%87%CE%B1%CE%BB%CE%BF%CE%BB%CE%B9%CE%AC%CE%BA%CE%BF%CF%82-%CF%8C%CF%84%CE%B1%CE%BD-%CE%BF-%CE%B1%CF%81%CE%BD%CE%B7%CF%84%CE%AE%CF%82-%CF%84%CE%B7%CF%82-%CE%B4%CE%B7%CE%BC%CE%BF%CE%BA%CF%81%CE%B1%CF%84%CE%AF%CE%B1%CF%82-%CF%85%CE%BC%CE%BD%CE%BF%CF%8D%CF%83%CE%B5-%CF%84%CE%BF%CE%BD-%CF%87%CE%AF%CF%84%CE%BB%CE%B5%CF%81

Thu, 06/20/2013 - 16:46 | 3676754 otto skorzeny
otto skorzeny's picture

As your neighborhood turns into Lil' Tijuana you will regret your naivete.

Thu, 06/20/2013 - 17:03 | 3676805 Crtrvlt
Crtrvlt's picture

oh and to clarify, that was by no means a stamp of approval for the current dipshits in offce in Greece. fuck the EU just no nazis please 

Thu, 06/20/2013 - 19:18 | 3677225 SimMaker
SimMaker's picture

I thought I would be kind and tell you why you are getting down voted.

 

YOU, are the Nazi.......

Thu, 06/20/2013 - 17:20 | 3676892 Jugdish
Jugdish's picture

Ya you know what man, you are right man. Let Goldman Sachs (bolsheiviks) continue to run Greece. What was I thinking? Those pesky Greeks and their pride in their culture, history, and people.... Naaaa. Bad idea. The jews in New York are much better stewards.

Thu, 06/20/2013 - 17:39 | 3676903 Crtrvlt
Crtrvlt's picture

ummm i agree with you re goldman, the eu, etc but golden dawn nazis are not the solution and the current coalition certainly is not.  if anything syriza > golden dawn, but all the parties there are awful.  greece's political history is so twisted

Thu, 06/20/2013 - 22:40 | 3677788 MS7
MS7's picture

I think you are speaking sense to people who may not want to hear the truth. They have some warped idea of what nazis are all about, as do most of the people who vote for golden dawn. Imagine if they took over. One could kiss one's rights (free speech, press, etc) good-bye. The people who are arguing with you somehow think these nazis are going to oppose Merkel. That is a joke. They would eagerly enforce the most strict austerity. But if they ever came to power, the EU (although it would like to have obedient Greek servants) would be pressured into kicking Greece out.

Thu, 06/20/2013 - 17:20 | 3676894 Panafrican Funk...
Panafrican Funktron Robot's picture

Weird that a govvy troll would quote a blog.  I thought blogs were only for the paranoid fringe!

Thu, 06/20/2013 - 22:59 | 3677860 NooooB
NooooB's picture

Where do you think trolls are from?

Thu, 06/20/2013 - 19:37 | 3676946 Id fight Gandhi
Id fight Gandhi's picture

Second largest party over there now. Soon to be #1.

Just a sign of the times.

Thu, 06/20/2013 - 16:22 | 3676616 NoDebt
NoDebt's picture

The Amityville Horror of Europe.  Blood dripping down the walls and the house screaming at you "GET OUT (of the Euro)!!"

 

Thu, 06/20/2013 - 16:21 | 3676620 Truther
Truther's picture

What do you expect? bells & whistles? or a boot out the door?

Get fucking real already.....

Thu, 06/20/2013 - 16:23 | 3676625 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Put the right people in and press the red derivatives nuclear bomb button on Goldman Sachs and Draghi and take back control of your country's finances and sovereignty. Do it.

Thu, 06/20/2013 - 16:44 | 3676719 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Mark my words, if a new coalition is formed that is going to pull out and risk taking out Goldman Sachs by blowing up their derivative exposure the US is going to send military troops into Greece to prevent a systematic collapse of the whole banking system. Nato can't do it since both are member countries. You'll hear rhetoric about terrorism along with some violent event to justify going into Greece to stop further outbreaks. They will probably go in under the auspices of lack of ability of the coalition government to enforce law or some variation of. If they go in under Nato they will use some iteration of the coalition government not being an effective government to either throw them out of Nato or go in to stabilize the country since it is a member. No matter what shit is going to get real ie debt negotiations at the end of the barrel of a gun if they do. I hope they do since once that happens the EU, US and all can't take the moral high ground in the world's eyes if they intervene.

Thu, 06/20/2013 - 16:50 | 3676776 CrashisOptimistic
CrashisOptimistic's picture

No, and I am sorry about it because I'd like to see it, but nothing is outside the control of decree when it comes to an imaginary entity like money.

The easier path is to forbid anything from being declared in default.  That precludes swap trigger.

From that point on, deny them oil and they will soon fold.  Hunger does that.

Thu, 06/20/2013 - 16:59 | 3676808 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

If Russia steps into the fray either directly or through a proxy country to counter that opens a up a whole new can of worms. You can make all the decrees you want but you need to back them up too when the other parties just ignore them. Plus I don't think the UN will go along with it (but that remains to be seen). When the white people start turning on each other that will get the public's attention. That has always been a no no unless you have can classify them as evil by racism or some sort of ideology, something that stirs people up enough that when they look at the enemy and see the enemy looks like them the dehumanization is stronger than their natural inclination to humanize the other person.

Thu, 06/20/2013 - 17:25 | 3676905 Panafrican Funk...
Panafrican Funktron Robot's picture

"If Russia steps into the fray either directly or through a proxy country to counter that opens a up a whole new can of worms."

Indeed, the Russian pipeline would not be terribly difficult for Greece to access.  

I'll also reiterate that the Greeks hold 82% of their reserves as gold. They have 112 tonnes of universally recognized collateral to work with.

Thu, 06/20/2013 - 17:42 | 3676955 ThirdWorldDude
ThirdWorldDude's picture

  "I'll also reiterate that the Greeks hold 82% of their reserves as gold."

 

Aaand, it's gone!

Thu, 06/20/2013 - 23:03 | 3677876 NooooB
NooooB's picture

I would upvote your user name if I could.. Well done.. I also would like Greece to cut and run.. As soon as possible.. Maybe they could join Turky in an asshole confederacy..

Thu, 06/20/2013 - 17:10 | 3676853 olto
olto's picture

Dewey Cheatem Howe,

I agree with you wholeheartedly and hope the plunger goes down---about time!

However, I also, find it interesting how often the Euro 'fuse' has been lit by the IMF or BIS at precisely the moment that the Fed's game was over----the machine is dead, but these dudes will go to their graves in denia, and continue trying to blow life into the corpse.

How odd it always seems to me that a couple of billion buck shortfall in Greece or Iceland or Cypress can cause such panic just as the derivitive fuse burns almost completely down-----

Deflation, asset devaluation, a planet priced in sympathy with what the traffic will bear-----we're getting close, but Greece is responsible-----for what?

All I can say is: I don't know!

Thu, 06/20/2013 - 17:41 | 3676954 PKF
PKF's picture

Found this via Frogspot:

http://www.huffingtonpost.com/2013/06/12/house-approves-derivatives-dere...

WTF is going on?  I didn't hear about this on June 12 or 13th.  I guess there were too many Hot Distractions taking place. 

But this really STINKS.  Are certain members of Congress selling their souls (as if they still any left?)

So what nation will determine Greece's, etc. derivatives?  Wonder what the Senate will do???  Or have they already voted on this?

Thu, 06/20/2013 - 18:05 | 3677047 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

It is not law yet.

"The measures are unlikely to advance in the Senate or be signed into law by President Barack Obama. Still, House approval increases the odds. It also puts further pressure on regulators, such as the Commodity Futures Trading Commission, that rely on Congress for funding."

We shall see but it was only passed in the House so far.

Thu, 06/20/2013 - 22:47 | 3677813 MS7
MS7's picture

You are right about that. The last CIA backed dictatorship was in the late 60s- early 70s, I believe. Now Golden Dawn stands at the ready. With some support from the outside, they would gladly take over and serve new masters.

Thu, 06/20/2013 - 16:24 | 3676634 chaartist
chaartist's picture

how to make hundred defaults and not to go bancrupt, for a while

Thu, 06/20/2013 - 16:24 | 3676640 Devotional
Devotional's picture

Is anyone able to tell me where the bottom for GLD is, please? I am crying tears of gold here, my stack is hurting ffs!

Thu, 06/20/2013 - 16:28 | 3676664 slavador
slavador's picture

GLD is going to zero. Gold will not go down quite as far.

Thu, 06/20/2013 - 16:37 | 3676710 Bay of Pigs
Bay of Pigs's picture

Trying times my friend. Only the strongest of hands will prevail.

Thu, 06/20/2013 - 19:14 | 3677216 mjcOH1
mjcOH1's picture

"Is anyone able to tell me where the bottom for GLD is, please? I am crying tears of gold here, my stack is hurting ffs!"

Does the size of the bit-stack change when the server accepts the order? If the answer is 'no' (and it is 'no')... that's not stacking.

Thu, 06/20/2013 - 16:35 | 3676701 SmallerGovNow2
SmallerGovNow2's picture

Same number of ounces in your stack?  Good to go then...  Just hold tight, we're expecting some turbulance...

Thu, 06/20/2013 - 16:44 | 3676741 IridiumRebel
IridiumRebel's picture

My gold is for years from now, not days, weeks or months......

Thu, 06/20/2013 - 19:20 | 3677229 SimMaker
SimMaker's picture

Yup, sitting on gold and cash, and no debt at all...zip, nada......

 

Can ride this out for a looooooooooooooooooooong time, then I will get in the the process of buying up the ashes of debt ridden peoples lives

Thu, 06/20/2013 - 16:45 | 3676742 enloe creek
enloe creek's picture

GLD?? buahahahaha buwahahaha

Thu, 06/20/2013 - 16:28 | 3676666 101 years and c...
101 years and counting's picture

and coming soon: cyprus doesnt have the needed capital for bailout funds.  spain is insolvent.  china has already started its hard landing.  and ben was just arrested for fondling a chambermaid in a Red Roof Inn.

Thu, 06/20/2013 - 16:48 | 3676759 otto skorzeny
otto skorzeny's picture

There are male chambermaids?

Thu, 06/20/2013 - 16:35 | 3676682 Dr. Engali
Dr. Engali's picture

My that is a bit puzzling how that happened so fast. It's like they are out of sync or something.

Thu, 06/20/2013 - 16:31 | 3676687 skank
skank's picture

Alicia Keys - Girl on Fire
http://www.youtube.com/watch?v=J91ti_MpdHA

Thu, 06/20/2013 - 16:33 | 3676689 Peter Pan
Peter Pan's picture

Time for Greece to give the lead by doing a 300 Spartan manouvre. Deadly but might inspire the rest of Europe to do the same. Eventually it will be cathartic. Only when Greeks are left to clean up their own mess will they actually succeed.

Thu, 06/20/2013 - 16:40 | 3676722 the not so migh...
the not so mighty maximiza's picture

not this agian,,,wasn't this fixed like 3 summer of recoveries ago

Thu, 06/20/2013 - 16:43 | 3676735 IridiumRebel
IridiumRebel's picture

Green shits are everywhere! 

Thu, 06/20/2013 - 22:15 | 3677688 Mark Urbo
Mark Urbo's picture

Its been fixed at least three times by my count.  Besides the media keeps saying the Euro crisis is over, so it must be over...

Thu, 06/20/2013 - 16:45 | 3676749 XitSam
XitSam's picture

ha ha  national elections.  

They can't afford to have national elections unless the IMF gives them some money.

The IMF won't give them money unless they have elections. 

Thu, 06/20/2013 - 16:48 | 3676765 Hughing
Hughing's picture

The Fed will soon be blackmailed into printing again.TPTB will print until dead and their tombstone shall read "PRINT". BTFD

Thu, 06/20/2013 - 16:50 | 3676775 Usura
Usura's picture

I agree.  The credible threat of a Golden Dawn administration is the most powerful inducement I can think of to force Merkel to buck up.

Thu, 06/20/2013 - 16:53 | 3676788 CrashisOptimistic
CrashisOptimistic's picture

Yes.  She can't have other countries infringing on the German Nazi monopoly.

Thu, 06/20/2013 - 17:00 | 3676811 q99x2
q99x2's picture

Is Greece going to default? Do you think after 3 fucking years of showing the world what it is like for a nation to be destroyed and pillaged by Goldman Sachs that they will leave the EuroZone?

Or will they prove to the world that the nation of Greece and her citizens are a bunch of fucking pussies?

Thu, 06/20/2013 - 17:09 | 3676850 DeliciousSteak
DeliciousSteak's picture

Leave the Eurozone? You're delusional. The Eurozone will have a new member next year. And another the year after. No, my friend, the Empire is not collapsing... It will expand to the ends of the Earth.

Thu, 06/20/2013 - 17:01 | 3676818 Al Huxley
Al Huxley's picture

Wow, it's almost as if lying about how they were cutting spending and balancing the budget didn't actually reduce spending and balance the budget.  That might be bad news for some other countries I can think of.

Thu, 06/20/2013 - 17:15 | 3676865 Pumpkin
Pumpkin's picture

Christ said he was the 'Thurth'.  Anti-Christ=Anti-Truth.  If you don't know who the Anti-Christ is by now, you have not been paying any attention.

 

THIS IS NOT A RELIGIOUS MESSAGE.

Thu, 06/20/2013 - 18:02 | 3677021 MarsInScorpio
MarsInScorpio's picture

Barack Hussein Obama = 18 letters = 6 + 6 + 6.

-30-

Thu, 06/20/2013 - 17:41 | 3676953 Village-idiot
Village-idiot's picture

Kouvelis knows what needs to be done; he just doesn't have the balls to do it.

He wants to remain poplular but he knows if he does the right thing he'll be burned in effigy.

It's at times like this that the real men step up to the plate. The wusses chicken out.

I'm sorry to say that this is where the Nazis will take over. They ARE prepared to do it!

Signed : a life-long small "c" conservative.

Thu, 06/20/2013 - 20:32 | 3677410 Escapedgoat
Escapedgoat's picture

Are those Greek Polititians bold? the answer is NOT

They have Wigs and propably wear lipstick behind their Private Parties.

The tragedy is they force the Greek population to bend over instead. The entire Parliament is a Charade.

Thu, 06/20/2013 - 22:56 | 3677853 MS7
MS7's picture

The Nazis are prepared to do what? They want to shut down ERT too. Do you mean they would get out of the EU? The white people's club? They wouldn't have a choice because if they took power they would be kicked out. I don't think they have too many economists (or people who can count) in their party that can advise them on what to do after the euro. I do agree with you though that there are few real men in politics, certainly none in either of the 2 parties that have been governing for decades and tanked the economy.

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