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"Stop Putin" Coalition Cracking: Greece Laments "Blind Obedience To Cold War Strategies Of Brussels And Washington"

Tyler Durden's picture


It was all fun and games while the grand western "Pariah Putin is evil" alliance was calling the shots, lobbing one sanctions after another, and Russia was quietly sitting there and taking it all. But once Europe realized that suddenly its food exporters are about to see their revenues plunge (and ostensibly lead to even more domestic deflation as all the excess produce floods domestic markets) and lead to gaping trade deficits, suddenly cries that Putin's retaliation is "unfair" have filled the air. What's worse, the moment Russia retaliated, the grand alliance started to crack. Enter Greece which has hundreds of millions in food exports to Russia, and which was the first country to hint that it may splinter from the western "pro-sanctions" alliance.

According to Bloomberg, earlier today the Greek foreign minister and former PM said that "we are in continuous deliberations in order to have the smallest possible consequences, and if possible no significant impact whatsoever."  He added that Greece is trying to protect agricultural production, keep friendly relations with all countries, and fulfill its EU obligations. The problem is that it can't satisfy everyone, and certainly not its food exporters if it wants to remain on friendly terms with the same artificial union that has kept it on life support for the past 4+ years.

Bloomberg adds that Greece will set up a task force to monitor exports of Greek products to Russia, according to e-mailed statement from country’s Foreign Ministry. The task force will be comprised of representatives of Greek exporters and government officials, and its role will be to examine ways to expand markets for Greek, fruits and vegetables, in response to Russia’s decision to ban most food exports from EU countries.  Greek Foreign Ministry has taken action to ensure smooth access of agricultural products to Russian market. The problem is that Putin has clearly rejected any such "action", and the moment when largely agricultural Greece will where its allegiances lie, is coming.

And making it very clear that this will be a major political issue was a statement by the main opposition party Syriza which today said that the Greek government's "blind obedience to the Cold War strategies of Brussels and Washington will be disastrous for country’s agriculture." In a moment of surprising clarity, Syriza asked govt to immediately lift all sanctions to Russia, as they don’t contribute to a solution of the Ukrainian crisis, and "instead fuel an economic and trade war, in which Greece has unfortunately become involved." Syriza concluded that the government hasn’t weighted Greece’s special interests and bilateral relations with Russia.

It's not only Greece, however. That other country which recently spat in the general direction of Brussels and instead aligned itself with Russia and the South Stream gas pipeline, Austria, also made it very clear that the sanctions approach won't stand. Exports to Russia developed better than average in recent years, Austrian Agriculture Minister Andrae Rupprechter says in e-mailed statement.

Austria exported €238 million of agricultural products, edibles to Russia last year; Russia is Austria’s 3rd biggest export destination for such products outside of the EU. These exports have grown in all but 2 years since 2006, with Austria last year mainly exporting prepared foods, meat, animal feed, coffee, tee, spices, milk.

The implication there is quite clear too: sanctions are fine and all, but the second Russia retaliates, all bets are off.

And where things get really interesting is that Germany itself, that biggest wildcard in the grand Eurasian "counter USD" alliance, said moments ago that the Russian ban on imports of meat, fish, dairy products, fruits and vegetables from EU and U.S. will have “noticeable” impact, German Agriculture Minister Christian Schmidt says in e-mailed statement.

"I very much regret that Russia has taken this clearly politically-motivated step" Schmidt said, adding that "This action by Russia undoubtedly puts the previously constructive cooperation between the Russian and the German government on the export of agricultural goods to a tough test."

It would appear that Herr Schmidt, too, is shocked that Putin didn't merely crawl back into his cave but decided that the logical response would be its own round of sanctions. His anger is palpable: "This Russian decree isn’t suitable as a means of political pressure.  Russia’s boycott decision will not only have a profound impact on the German and European economy, but will also directly affect Russian consumers."

Sure, but more importantly, it will first affect German agricultural exporters, and they, unlike Russian consumers, get to vote in German elections. They also happen to be very vocal when they see their top-lines get crushed due to idiotic propaganda policies.

But the coup de grace, and what assures that things are only about to get much worse (before they get even worse) is the following:


In other words, the moment of truth for Europe is almost here, and very soon the insolvent continent will have to decide: blind allegiance to the world's (fading) reserve currency, i.e., the US (which is so friendly to its allies, it was just exposed in the biggest spying scandal with Germany in recent history), or the country which provides it with nearly a half of its energy needs and which just showed it can and will cause far more pain to Europe than vice versa.


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Thu, 08/07/2014 - 11:11 | 5058923 Latina Lover
Latina Lover's picture

The Greeks are taking it again greek style on behalf of the unelected EU officials, compromised by the NSA.  Imagine a Europe without the EU, where every country lives according to its domestic norms, instead of diktat from the USSA, ultimately controlled by international banksters.

Thu, 08/07/2014 - 11:38 | 5058976 Headbanger
Headbanger's picture

++14930352  Fibo!

That's fucking awesome!

BTW:  It was actually the Russians who liberated Greece in WWII and I doubt they have forgotten that fact!

"On February 2nd 1943 the German army surrenders to the Red Army in Stalingrad. Over a quarter million German soldiers have died and almost a hundred thousand are taken prisoner. By August of 1944 the Russians have crossed through Romania and into the Balkans. The Germans in Greece are in danger of being cut off from their homeland and begin a retreat north. As the last German soldiers take the swastika down from the Acropolis and begin to drive through the city towards the road north they pass through crowds of Athenians in a state of joy, waving the blue and white Greek flags, embracing, while bells ring all over the city"

Thu, 08/07/2014 - 11:42 | 5059104 Publicus
Publicus's picture

Wait till Russia bans European flights but allow everyone else to fly over Russia, EU's reaction will be comedy

Thu, 08/07/2014 - 12:09 | 5059248 Keyser
Keyser's picture

That will cost EU airlines 1.3 billions Euros over 3 months when Vlad plays that card... 

The card I'm waiting for the Ruble or Gold for fossil fuels announcement... Vlad has been very patient with the numpties from the West.. The question is, how long will his good nature hold...


Thu, 08/07/2014 - 12:19 | 5059321 El Vaquero
El Vaquero's picture

I guarantee that Putin has access to more information than I do, so the real picture may be different than what I see and the proper response may be different, but based on what I know, it would make sense for Putin to ensure that for all dollar transactions on energy, the price goes up "because of the sanctions," while allowing countries to settle in other currencies or even PMs at a discount to dollar transactions.  The timing for this would be at the onset of fall or just before, when people are starting to turn on their heaters.

Thu, 08/07/2014 - 13:02 | 5059620 jaxville
jaxville's picture

   Good point EV.  As much as many of us here would like to see the US dollar reserve status get buried forever, it could take another year or even two before it actually comes to fruition.

  Ultimately gold would be the best reserve currency but there is no way the BRICS will push for that until the gold supplies as well as the price discovery mechanisms of the West have become irrelevant.  We could easily see another year of outflows, possibly two; before the LBMA and Comex become minor players in price setting.  For now the status quo will remain as the East accumulates artificially priced (cheap) gold. Their only concern is a resurgence in Western demand that creates competition and higher prices...something not likely to happen while most Westerners get their news from the mainstain media.

  Before another currency can replace the dollar, that currency must have a developed bond market so that countries running current account surpluses have a mechanism for holding that surplus in a secure and liquid means.  We have at least another year before the Red Chinese Remnimbi is well enough established into the global banking system for it to be a credible component of a currency basket that displaces the US dollar.

  Point is that we must be patient as the US dollar will not be replaced as the global reserve overnight. It will be Saudi Arabia and other gulf oil exporting states that end the reserve status by accepting other currencies for their exports.


Thu, 08/07/2014 - 11:12 | 5058930 MarsInScorpio
MarsInScorpio's picture

I'm curious what percentage of Germans buy their lying politicians' lies?


Thu, 08/07/2014 - 11:30 | 5059031 Leopold B. Scotch
Leopold B. Scotch's picture

The Greeks will soon be reminded of which side their debt bubble is buttered... And will be offered more butter to make up for the trade consequences.

Nothing a little currency devaluation (tax) can't solve.  see?

Thu, 08/07/2014 - 11:45 | 5059129 oddjob
oddjob's picture

I can't believe its not butter, Butters.

Thu, 08/07/2014 - 12:20 | 5059328 CPL
CPL's picture

Those that opted a couple of years back for system B, they are doing alright, not great but getting by without 'government' just fine.  Eventually all governments will just be seen as crazy people asking for things they don't merit.  Like attention, time and money.  Eventually the cheques start to bounce (which in Greece it's been happening for a couple of years) and all those people with guns, will need to find employment that puts food on the table.

Got silver, got gold, got BTC?  Because that's the plan.  No 'if's' 'and's' or 'buts'.  You are all getting the Coyote medicine.  It's bitter, but it works really well.  Now open up, your next dose is coming because it's going to get weirder.  Eventually it'll just get strange and I doubt a bunch of soft paw richie riches will be able to handle strange.

Thu, 08/07/2014 - 23:30 | 5063263 JustUsChickensHere
Thu, 08/07/2014 - 12:20 | 5059334 El Vaquero
El Vaquero's picture

At some point, real goods have to be exchanged and papering over the problem will fail. 

Thu, 08/07/2014 - 13:03 | 5059638 LostandFound
LostandFound's picture

Bingo, the real stuff not the ponzi scheme.

Thu, 08/07/2014 - 12:30 | 5059402 Greenskeeper_Carl
Greenskeeper_Carl's picture

If they are like the US and reelect 95% of their incumbents, despite complaining about nonstop, I'm sure that percentage is pretty high.

Thu, 08/07/2014 - 12:17 | 5059303 KnuckleDragger-X
KnuckleDragger-X's picture

Great link Leonardo....

Thu, 08/07/2014 - 13:34 | 5059871 barre-de-rire
barre-de-rire's picture


Thu, 08/07/2014 - 11:05 | 5058907 Seasmoke
Seasmoke's picture

Economic War makes for strange bedfellows. 

Thu, 08/07/2014 - 11:18 | 5058969 101 years and c...
101 years and counting's picture

does that mean no more German money going to greece?  and greece finally has an all out default?  and leaves the euro?  

Thu, 08/07/2014 - 11:58 | 5059074 813kml
813kml's picture

I don't see how this is strange, Russia and Greece have always had strong ties.  Throw in a thorough raping by the EU and I think the BRICS development fund might have found its first customer.

Thu, 08/07/2014 - 12:24 | 5059349 KnuckleDragger-X
KnuckleDragger-X's picture

Agreed, and the bedfellows are going to get much stranger as this progresses.

Thu, 08/07/2014 - 11:09 | 5058920 Dr. Engali
Dr. Engali's picture

Too bad Greece is following the debt masters with blind obedience.

Thu, 08/07/2014 - 11:26 | 5059013 Postal
Postal's picture

I'm thinking the smartest thing Putin could do would be to set up a bi-lateral trade agreement with Greece:They won't support the EU sanctions, Russia will funnel Chinese funds to prop up their economy, and Russia will continue to buy their exports. Methinks that would make life considerably more interesting.

Thu, 08/07/2014 - 11:54 | 5059164 DeadFred
DeadFred's picture

Would that the world could show such sanity.

Thu, 08/07/2014 - 11:11 | 5058926 LawsofPhysics
LawsofPhysics's picture

Much like what has been going on in Russia for the last 30+ years, the "official" state of the economy and "markets" in the west will be "reported" as one thing, all the while the situation on the ground (i.e. places like Detroit) will be something else entirely.

Same as it ever was...

Thu, 08/07/2014 - 11:11 | 5058931 q99x2
q99x2's picture

If the EU could get rid of the Goldman Sach they would have more business than ever because they are at one end of Russia and China is at the other. Russia naturally is the next area of growth.

Thu, 08/07/2014 - 12:30 | 5059387 COSMOS
COSMOS's picture

Get rid of the Middleman,  GS is just a parasite feeding off transactions.

Thu, 08/07/2014 - 11:12 | 5058934 the not so migh...
the not so mighty maximiza's picture

where is Obozo?

Thu, 08/07/2014 - 11:15 | 5058951 MarsInScorpio
MarsInScorpio's picture

the not:


Escaping from Reality by playing golf, getting drunk night after night at his drunken gab fest dinner parties, making speeches to brain-dead Obamabots whom he knows will still worship his every word . . .


How much longer before the inconvenient truth that Obama is mentally ill sinks in?


Thu, 08/07/2014 - 11:18 | 5058968 Winston Churchill
Winston Churchill's picture

Unfortunately his psychosis is more infecteous than ebola.

Thu, 08/07/2014 - 11:15 | 5058949 SillySalesmanQu...
SillySalesmanQuestion's picture

More shots fired in the Great Currency soon before the real bullets and bombs start flying and dropping?

Thu, 08/07/2014 - 11:18 | 5058964 MarsInScorpio
MarsInScorpio's picture

Only a madman would behave so irresponsibly. For that reason, it's time to implement the 25th Amendment, Section 4:

Section 4. Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

Thereafter, when the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that no inability exists, he shall resume the powers and duties of his office unless the Vice President and a majority of either the principal officers of the executive department or of such other body as Congress may by law provide, transmit within four days to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office.

Thereupon Congress shall decide the issue, assembling within forty-eight hours for that purpose if not in session.

If the Congress, within twenty-one days after receipt of the latter written declaration, or, if Congress is not in session, within twenty-one days after Congress is required to assemble, determines by two-thirds vote of both Houses that the President is unable to discharge the powers and duties of his office, the Vice President shall continue to discharge the same as Acting President; otherwise, the President shall resume the powers and duties of
his office.
Obama has lost his mind, and is placing the US in danger of a pandemic that could kill thousands - maybe even more.

He has to go - this is the way to get him away from the "button" of disease warfare waged on the American people.

Thu, 08/07/2014 - 11:28 | 5059030 pazmaker
pazmaker's picture

Brilliant idea...let's hand over to Biden!  (sarc)

Thu, 08/07/2014 - 12:03 | 5059218 Bollixed
Bollixed's picture

Now you know why the job was handed to Biden...

Thu, 08/07/2014 - 11:18 | 5058960 CPAHb GOSPODNYA

Ven i am sad i tink of Vlad an den i stop be sad an be awsum instad!

Thu, 08/07/2014 - 11:18 | 5058967 Victor999
Victor999's picture

Putin to the EU:  In the one hand I hold economic disaster and possibly the devastation of the other hand I have peace and dollar-free economic prosperity.  I leave it to you to choose.

(Paraphrase credit to Paul Craig Roberts)

Thu, 08/07/2014 - 11:24 | 5058996 Winston Churchill
Winston Churchill's picture

And realpolitik says that then , Pax Americana turns europe to glass.

'The American way of life is not negotiable".

You can read that anyway you like, but its true meaning is obvious.

Heads europe loses, tails europe loses, getting out of it is going to be fascinating to watch..

Thu, 08/07/2014 - 12:00 | 5059200 Urban Redneck
Urban Redneck's picture

Nuking Europe has been the official US plan for almost 70 years now.

Did the Europeans never figure out that that US would be perfectly willing to sacrifice a couple hundred thousand of its own troops right along with most of the population of "the continent" so that the USSA and USSR could escalate to tactical madness and then let cooler heads prevail without resorting to strategic insanity?

Thu, 08/07/2014 - 12:14 | 5059280 Keyser
Keyser's picture

'The American way of life is not negotiable".

TPTB realize this, which is why they are destroying the republic from the inside out instead of dealing with it, while throwing the EU under the bus to delay the inevitable collapse in the US from the weight of it's own debt... 

Thu, 08/07/2014 - 12:35 | 5059424 KnuckleDragger-X
KnuckleDragger-X's picture

Sow the wind, reap the whirlwind. they think they can control they end result but completely ignore chaos. The gods of the copybook headings shall be speaking soon.

Thu, 08/07/2014 - 11:22 | 5058989 Lea
Lea's picture

Greek foreign minister: "we are in continuous deliberations in order to have the smallest possible consequences, and if possible no significant impact whatsoever."
Yes, but "no significant impact" works only as long as you are not on the receiving end of economic sanctions, dearie. 

One wonders at such a tsunami of sheer idiocy, how many brainstormings, how many taxpayer-funded think-tanks were involved so these guys could delude themselves into thinking Russia was weak and Putin would take it all without retaliating?
Please don't remind me these guys are actually PAID.

Thu, 08/07/2014 - 11:23 | 5058992 himaroid
himaroid's picture

How many dumbasses voted for oBUMMER thinking the whole world would love us again?

Thu, 08/07/2014 - 11:47 | 5059138 Againstthelie
Againstthelie's picture

Wrong question.

How many dumbasses believe in the color-changing game? How man dumbasses believe if they vote the other color it would change something? How many dumbasses still believe in the gigantic lie of "free press"?

How few people understand it is not and never has been a "democracy", that it's a plutocracy?

How many Americans understand that it's not even a country, that it's only a business?

Thu, 08/07/2014 - 13:09 | 5059686 himaroid
himaroid's picture

Lotsa valid questions.

Thu, 08/07/2014 - 13:39 | 5059863 Quick
Quick's picture

Wrong answer.---- Obama was chosen by the left because he agrees with the goals. Or is too stupid to thwart the leftist agenda.


There ARE factions that disagree among TPTB. You think they all follow the same agenda to the same end result-----


WRONG !!!!


Different factions of TPTB have different ideas and goals. Same as the different gangs in a city try to protect their turf OR different crime families fight each other.

They dont all agree!!!!!


The left won the last 2 elections and have moved quickly to ruin the US and make elections useless in hopes of finishing what they started  --  The demise of the US.

Thu, 08/07/2014 - 11:23 | 5058993 williambanzai7
williambanzai7's picture

What a bunch of maroons...--Bugs Bunny

Thu, 08/07/2014 - 11:44 | 5059121 The Black Bishop
The Black Bishop's picture

If only their own lives were at stake, and not hundreds of millions, even billions of people.


Being a Norwegian I am actually gloating at the news of Russia sanctioning Norwegian products. The stupid asshats "leading" my country are driving us into confrontation. The same hypocrites that always try to empasise Norway's role as a "peace negotiator" for our prudence and objectivity....right!


Norway dumped all of its gold reserves in 2005-2006 under the argument that "it wasnt generating any returns". That tells volumes of these maroons (thanks for that william :-) understanding of what gold is and has always been about. Security. Now we have invested around 1/3rd of our sovereign wealth fund in the USA. Watch it all burn! I bet we are not going to see much of  that money ever again. And yet the maroons keep clamoring about pumping up even MORE oil from our North Sea reservoirs. The idiots dont understand that the best return possible is just to keep it down there. Do we really need more electronic numbers on a bank account?


I am one of the forunate few with no debt and money to  spare. I am just waiting for the shit to truly hit the fan and for the nightmare to come in through the front door and burn it all down. I will be smart and keep my money out until everything has hit rock bottom. Then I'll jump in. If there is anything to jump in. And if not, then I'll trade for some good booze and go out partying.

Thu, 08/07/2014 - 12:10 | 5059259 williambanzai7
williambanzai7's picture

The people doing the sanctioning are not "the people."

Thu, 08/07/2014 - 12:18 | 5059313 The Black Bishop
The Black Bishop's picture

Exactly, I doubt that "the people" nor "businesses" would go along with this insane political nonsense that the US is forcing on the EU and Russia on the receiving end. At least if they had the proper information of a more objective nature.

Thu, 08/07/2014 - 19:34 | 5061879 Direct Democracy
Direct Democracy's picture

Direct Democracy is the answer!


Thu, 08/07/2014 - 14:35 | 5060339 teslaberry
teslaberry's picture

i almost moved to norway to marry a norwegian who lived in new york for a while.


part of what stopped me was the idea of being in a country so liberal on the outside, so fascist on the inside, and so fucking cold and dark much of the year . 


what do you think? american going to live in the norway and try and integrate? learn the language? seems like norwegians usually leave to come here for better wether, but now that america is more broke, and the oil money keeps welfare up in norway, that the tide is reversing , but for how long?

Thu, 08/07/2014 - 15:54 | 5060763 The Black Bishop
The Black Bishop's picture

What you seem caught up in is the smokescreen. Norway likes to present itself as "progressive" and "open". But like all societies we have a history and a somewhat divided population. Immigration is very unpopular among a large part of the ethnic norwegian population, yet its kind of taboo to talk about this issue. Western (white) immigrants have a much easier time in Norway.


Personaly, I dated a US gal living in Norway for a year. Good times but she had issues too. One of the first things she asked me was if I was a rascist. I said no. A few months later she went on a serious rant against the "lazy arsed good for nothing indians (native americans)". One of the more rascist rants I have ever heard to be honest. So there was a bit of a disconect you can say.


As for cold and dark, thats true. But it does make you physicaly and mentaly harder also over time. But our cityslickers  are pretty much standard western fare. Weak and ignorant.

Thu, 08/07/2014 - 11:26 | 5059020 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I think I know how to tell when we are for real heading into war.  Putin will buy time on US media to speak directly to the American people.  He will point out  (among many other things) that from day one he and Merkel have advocated a negotiated settlement to the issues in Ukraine and that Washington has never shown the slightest interest this.  He will point out how Europe is unnecessarily hurt by following the US blindly and will present evidence of Russia's innocence in the airliner crash and how this was of no interest to western media. 


In short, he will make one last ditch attempt to behave statesman-like before things get irredeemably ugly.

Thu, 08/07/2014 - 11:29 | 5059047 Winston Churchill
Winston Churchill's picture

Will TRY.

The empire of lies will never allow it.

Thu, 08/07/2014 - 11:46 | 5059130 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I think it will become a social badge of honour among Americans to have purposely not listened to "That crazy commie-nazi madman".  


I just noticed a lucky coincidence.  Have you observed that in over 100 years, the west has never once fought  an enemy that wasn't mentally ill?  You'd think by now we would have faced some "very cunning and dangerous strategic rivals", but no, it turns out every single one of them was just completely bonkers.  Even Saddam, who was once quite lucid just went nuts one day and we had no choice but to take him out.


What are the odds?

Thu, 08/07/2014 - 12:40 | 5059473 KnuckleDragger-X
KnuckleDragger-X's picture

And now our goernment is insane......

Thu, 08/07/2014 - 13:39 | 5059899 basho
basho's picture

speaking of lucidity. how is yours?

Thu, 08/07/2014 - 16:56 | 5061072 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Alright I think.




On another topic I have long noticed that people with nothing to contribute often simply accuse those they disagree with of being crazy.  Apperently it was Lenin who pioneered this as a political tactic (though I am not certain of this and am open to correction).  


I think this sort of shameful tactic  only lowers the calibre of debate.  What do you think?

Thu, 08/07/2014 - 14:36 | 5060350 teslaberry
teslaberry's picture



Thu, 08/07/2014 - 11:27 | 5059021 Joe Tierney
Joe Tierney's picture

Little diddy for the euros:


In economic as in conventional war,

  There's always someone to play the whore.


Got to keep the soldiers satisfied,

  All their fleshly desires gratified.


Else the soldiers' loyalty wanes,

  When they start to use their brains.


Europe - you are America's whore,

  You put yourself up for the chore.


But now you're catching the STD,

  What whore is there that's disease-free?


STD - Sustained Terminal Drawbacks


Thu, 08/07/2014 - 11:31 | 5059034 ThisIsBob
ThisIsBob's picture

Jeezus - The US/EU/ sanctions are designed to cause economic harm to Russia.  Why would Russia continue to shop there?  Who would?

And Japan goes along for the sanctions ride in expectation of reciprocal help from the US in its territorial disputes with China.  Suckers.

Thu, 08/07/2014 - 11:32 | 5059056 pazmaker
pazmaker's picture

No olive oil for Russia! will they survive?

Thu, 08/07/2014 - 12:14 | 5059285 Keyser
Keyser's picture

Butt cheese? 

Thu, 08/07/2014 - 11:34 | 5059067 buzzsaw99
buzzsaw99's picture

psst, hey greece, nobody gives a damn about you. not the german politicos, not the eu bankers, and certainly not the usa maggots. it's a dog eat dog world and you're wearing milk bone underwear.

Thu, 08/07/2014 - 11:34 | 5059072 mattgallis
mattgallis's picture

Well shit, if Greece says it, everyone should definitely listen.

Thu, 08/07/2014 - 12:04 | 5059227 Xploregon
Xploregon's picture

I don't know how much produce/agriculture the US exports to Russia but, it seems to me (as with the EU) if exports are suspended, the surplus created by the suspension of exports will cause US and EU prices to decrease due to said export suspensions. With the economy as it is and US drought , might this not be an unintended beneficial consequence albeit not so good for agricultural producers?

Thu, 08/07/2014 - 12:28 | 5059378 Clycntct
Clycntct's picture

Ya right and next a executive order to burn the crops in the fields.

that'll keep them prices were we want em.

Thu, 08/07/2014 - 13:36 | 5059881 basho
basho's picture

i think the ussa only exports diseased poultry.

Thu, 08/07/2014 - 11:38 | 5059084 Reaper
Reaper's picture

Is there honor among the EU stooges?

Thu, 08/07/2014 - 12:16 | 5059298 Keyser
Keyser's picture

A better question is whether there is any honor among socialists? The answer is NO as long as they can continue to spend / tax / seize other people's money....

Thu, 08/07/2014 - 13:34 | 5059867 basho
basho's picture

hopefully not. let the feeding frenzy begin.

Thu, 08/07/2014 - 11:42 | 5059108 viator
viator's picture

Greece is so old school.

Thu, 08/07/2014 - 11:45 | 5059124 demoses
demoses's picture

"I very much regret that Russia has taken this clearly politically-motivated step" Christian Schmidt


And your sanctions on russian were not politically-motivated?

Thu, 08/07/2014 - 11:47 | 5059141 rwe2late
rwe2late's picture

 And Greece was doing so well under EU stewardship.

Thu, 08/07/2014 - 11:51 | 5059150 goldhedge
goldhedge's picture

Waiting for the MPNetFags to chime in LOL.

Thu, 08/07/2014 - 11:50 | 5059151 JamesH
JamesH's picture

Sanctions are supposed to influence policy. Seems Putin is better at setting sanctions than the US / EU

Thu, 08/07/2014 - 11:59 | 5059193 Itchy and Scratchy
Itchy and Scratchy's picture

Greece is expendable to the Marxist visionaries! Along with Spain & Protugal too! Collateral damage!

Thu, 08/07/2014 - 12:00 | 5059201 Canucklehead
Canucklehead's picture

If Greece and Austria want a bunch of free stuff from the EU, they will tow the EU line here. Both countries can leave the EU, if they like. I wonder what exports would be lost if they pulled the pin on the EU?

Thu, 08/07/2014 - 12:01 | 5059209 John McCloy
John McCloy's picture

   Drudge Top Headline Now Russian Bombers Tested Northwest Airsplace 16 Times in 10 Days: 

Also Congress CALLED BACK for rare recess session. Between Ebola, Russia slapping the EU/US empire by banning food, MH-17 false flag coming apart now that independent on the ground analysts are near positive that it was not a missile but TWO 30mm cannon guns that strafed the pilots from both sides and the wing ...something is up. This may be it folks...too many plates to spin for the ponzi masters finally?? We said it before but who knows.

Thu, 08/07/2014 - 12:06 | 5059236 CheapBastard
CheapBastard's picture

The Greeks have suffered alot as a result of Bankers. I am not sure they want to take another bullet this time for them.

Thu, 08/07/2014 - 12:08 | 5059247 Itchy and Scratchy
Itchy and Scratchy's picture

Looks like youth unemployment in Greece goes to 85%!

Thu, 08/07/2014 - 12:08 | 5059252 potato
potato's picture

"Russia’s boycott decision will not only have a profound impact on the German and European economy, but will also directly affect Russian consumers."

That is an incorrect conclusion. Only an imbecile would stop thinking, write that, and publish it.

This will never happen to the extent it is threatened, and trade will continue. It is meant only to galvanize opposition in EU states to antagonistic State policies. Nobody wants trade to cease.

Thu, 08/07/2014 - 14:25 | 5060275 WhyWait
WhyWait's picture

The question is, politically, which country's leaders have the depth of support from their public to be able to absorb a cut in living standards?

Thu, 08/07/2014 - 12:13 | 5059273 Itchy and Scratchy
Itchy and Scratchy's picture

Ya' gotta luv the way the EU has put an end to ALL CONFLICTS on the the continent! Well done Maoists!

Thu, 08/07/2014 - 12:14 | 5059282 TabakLover
TabakLover's picture

I give all this dumbshit saber rattling till about December.  Coz once the cold winds of winter blow in Ukraine, Germany, etc....and there is no Russian NG flowing, tunes will change fast.

Thu, 08/07/2014 - 12:28 | 5059310 Jano
Jano's picture

Those EU companies opend with the help of CIA, USAID and jewish lady, V. Nudelmann a nice market in Ukraine.

WHy don't they export their goods to this new big wonderful market (and forget that ugly Russians)?

Mr. Putin seems to share the same opinion with the lady about the EU: F*ck the EU.

Thu, 08/07/2014 - 12:40 | 5059458 smacker
smacker's picture

Perhaps a few countries who obediently participated in sanctions against Putin/Russia because he was responsible for the downing of MH17, either directly or by way of providing BUK missile batteries to the rebels which did it (according to Washington, Westminster, NL, France & EU) are now having second thoughts since the cat is out of the bag.

Namely: MH17 was shot down by an air-to-air missile and attacked with 30mm cannonfire by fighter jets of the Ukraine air force:

Obviously the Ukraine pilot(s) who did this will soon be arrested and charged with mass murder of 298 innocent people including kids. Don't hold your breath. They will claim "I was following orders from the top in Kiev". And we all know who's funding Kiev, so perhaps Obama will be arrested.

This revelation - which seems to have completely by-passed MSM TV News channels - will also explain why the political elites in above capitals have gently moved the reason for applying sanctions on Putin. Instead of blaming Putin of mass murder, they simply now accuse him generally of providing support to the rebels etc.

The hypocrisy in these Western capitals is getting so loud, I'm gonna need a pair of ear muffs.

Thu, 08/07/2014 - 12:47 | 5059524 foxenburg
foxenburg's picture

"Bloomberg adds that Greece will set up a task force to monitor exports of Greek products to Russia"


That ought to be a nice little number. "How much stuff did we export to Russia last week?" "Nothing".

"And the week before?" "Nothing."

"OK, you type up the figures and let's knock off for the week."

Thu, 08/07/2014 - 13:41 | 5059917 barre-de-rire
barre-de-rire's picture

set my ass....  60% unemployemnt  they set nothing,  lol, with what money...

pffff...greece.... country of famous faggot philosophs sticking olives in the ass... things not changed that much, they still take it with philosophy.



Thu, 08/07/2014 - 12:57 | 5059588 Son of Captain Nemo
Son of Captain Nemo's picture

As I've mentioned elsewhere before...

How many days are left to September 21, 2014. I'm picturing Putin with the biggest shit eating grin on his face putting an "x" through every day moving forward to sweater weather.

This is going to be an unusually cold Fall!

Thu, 08/07/2014 - 13:08 | 5059679 Circle of DNA
Circle of DNA's picture

"The audacity of hope", versus effectiveness of action


You wanna be Uncle Sam's bitch? Pay the price!

Thu, 08/07/2014 - 14:17 | 5060200 ChiangMai
ChiangMai's picture

Two excerpts from The Vineyard of the Saker link above:

Second, the sanctions are wonderfully targeted.  The Europeans have acted like spineless and brainless prostitutes in this entire business, they were opposed to sanctions from day 1, but they did not have the courage to tell that to Uncle Sam, so each time they ended up caving in.  Russia's message to the EU is simple: you wanna be Uncle Sam's bitch?  Pay the price!  This embargo will especially hurt southern Europe (Spain, France, Italy, Greece) whose agricultural production will greatly suffer from it   These countries also happen to be the weakest in the EU.  By hitting them, Russia is maximizing the inevitable friction inside the EU over sanctions against Russia…

Fourth, Russia used these sanctions to do something vital for the Russian economy…Russia is using this total embargo to provide a crucially needed time for the Russian agriculture to invest and take up a much bigger share on the Russian market.  Also, keep in mind that Russian products are GMO-free, and that they have much less preservatives, antibiotics, colors, taste enhancers, or pesticides.  And since they are local, they don't need to be brought in by using the kind of refrigeration/ preservation techniques which typically make products taste like cardboard.  In other words, Russian agricultural products taste much better, but that is not enough to compete.  This embargo now gives them a powerful boost to invest, develop and conquer market shares.


Ukraine - the Bee War



Thu, 08/07/2014 - 13:29 | 5059832 basho
basho's picture

oh come on Vlad we didn't mean it.

barry and joe and jack told us nothing would come of it.

a**holes all.

Thu, 08/07/2014 - 13:38 | 5059894 Urban Redneck
Urban Redneck's picture

Why weren't the Greeks lamenting blind obedience a couple years ago? If they had they would have just won the Sanctions Lotery®.

Thu, 08/07/2014 - 14:34 | 5060340 TeaParterade
TeaParterade's picture


hate western democracies?

try a dictatorship!

-zero hedge, the fox news of financial reporting

Thu, 08/07/2014 - 18:49 | 5061620 Dickweed Wang
Dickweed Wang's picture

The guy is so retarded he posted the same garbage twice . . . . . again, what a DICKHEAD!!!!

Thu, 08/07/2014 - 14:35 | 5060341 TeaParterade
TeaParterade's picture


hate western democracies?

try a dictatorship!

-zero hedge, the fox news of financial reporting

Thu, 08/07/2014 - 18:48 | 5061611 Dickweed Wang
Dickweed Wang's picture

What a DICKHEAD!!!!

Thu, 08/07/2014 - 14:47 | 5060416 besnook
besnook's picture

pnac attack.


forget greece, merkel is close to her breaking point. this may do it. if it doesn't a"shortage of gas in a few months will.


i am sure the farmers of europe are swearing at their .gov and not putin and russia.

Thu, 08/07/2014 - 18:57 | 5061665 Dickweed Wang
Dickweed Wang's picture

"I very much regret that Russia has taken this clearly politically-motivated step" Schmidt said . . .

The audacity of this statement is almost beyond belief! To say that Russia has taken a "politically motivated step" regarding the whole sanction farce while completely ignoring the fact that every (so-called) sanction imposed by the USA and EU has been totally political in nature is the height of hypocrisy.  I guess in the scheme of things we should expect this kind of behavior though.

Thu, 08/07/2014 - 22:03 | 5062660 earleflorida
earleflorida's picture

'Turkey's exports slow after Russian sanctions, Iraq conflict'       August/2014

'Agriculture in [NATO #2] Turkey?'     Will Russia subsidize Turkish exports of:  Wheat, Cotton, Tobacco, Figs-Hazelnuts-Raisans-Apricots, FRESH Veggies & Grapes, Tea,...etc.?                 

Absolutely[!] Of course they will! Perhaps they'll even help Egypt's Cotton Crop to give al-Sisi moar room to appropriate USSA foreign-aid [weapons, munitions, etc.] towards building a proto-type prison system like America's Rent-A-Prison, for those terrorist Nationalist Muslim Brotherhood,... whilst the Ukrainian breadbasket rots-in-the-ground? being for[ever] temporarily off-line!?!


But, what to do about geographic courier Syria [wanna bee NATO?], and the Greeks[NATO]... hmmm 

Fri, 08/08/2014 - 05:01 | 5063884 onmail
onmail's picture

EU bustards deserve A-missiles in their behinds.

Tue, 08/12/2014 - 00:33 | 5080598 Sauerkraut-Opinion
Sauerkraut-Opinion's picture forgot ex-chancellor and present gasprom-advisor Mr. Schröder playing golf and slurping Crimean sparkling with the Kremlin every second weekend....

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