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Syriza Leads In 6 Polls; Leader Tsipras Shuns Merkel, Says "Won't Honor Commitments"
With the leads in at least six polls (of between 4% and 10%), Syriza leader Alexis Tsipras has come out swining for the anti-EU vote this morning:
- *TSIPRAS SAYS ONLY SYRIZA CAN END GREECE'S CATASTROPHIC COURSE
- *TSIPRAS SAYS WON'T HONOR COMMITMENTS MADE BY PREVIOUS GOVT
- *TSIPRAS SAYS WILL NEGOTIATE WITH EUROPEAN PEERS NOT WITH MERKEL
For now Greek assets remain bid on the glorious awesomeness of Draghi but we suspect - though The ECB gave themn room to negotiate and Djisselblom mentioned the possibility of 'working' with Greece - that if things go as the polls suggest Monday could see more bloodletting in EURUSD (and bank runs in Greece).
As Bloomberg reports, Tsipras had a lot more to say...
Greeks called on Jan. 25 to decide whether to continue with the tragedy of catastrophic austerity or whether to return to growth, democracy
Many Greeks turning to Syriza not because of ideology but out of need
Tax burden needs to be eased for middle class, Syriza would abolish property tax, introduce levy for large real estate holdings
ECB QE decision was “historic”, pleased by turn away from austerity to measures aimed at boosting growth
Syriza knows obligation arising from membership in European institutions, austerity wasn’t part of EU’s founding treaty
Syriza doesn’t recognize commitments made by previous govt that will bind new administration
As Keep Talking Greece blog reports, 2 days before the election, Syriza leads in six polls:
Left-wing SYRIZA constantly leads in all polls conducted a couple of days before the crucial elections on Sunday. Its difference to Nea Dimokratia is 4.4%-10%. However, pollsters “see” no majority government so far. On the other hand, the rates of undecided still remains between 9% and 10%.
Poll GPO for MEGA TV
- SYRIZA 32.5%
- ND 26%
Metron Analysis for Parapolitika daily
- SYRIZA 29.6%
- ND 25.2%
Public Issue for Avgi daily (SYRIZA’s newspaper)
- SYRIZA 35%
- ND 30%
MARC for Alpha TV
- SYRIZA 32.2%
- ND 26.4%
RASS for Ependysi daily
- SYRIZA 31.3%
- ND 26.5%
PALMOS for tvxs.gr
- SYRIZA 30.2%
- ND 20.3%
To Potami seems to secure the third position, closely followed by Golden Dawn.
* * *
And then there's this!!
First we take Athens, then we take Madrid @Pablo_Iglesias_ #syriza #ekloges2015 #ChangeEurope #Podemos @europeanleft pic.twitter.com/ZQ413PwDQn
— a.tsipras (@atsipras) January 22, 2015
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The question will come down to whether new leaders bring new ideas, or whether it will be "meet the new boss, same as the old".
I'll believe change when I see change.
Start ze Panzers!!
Go little Greece Go!
And which Panzers would that be ?
I believe many people don't realise the desolute state of the Bundeswehr, and by the way I believe the Greeks have more tanks than GB, F and D put together. So yeah quite funny.
Several years ago Bob Chapman (RIP) stated that Greece's best strategy was to exit the Euro, default then reinstate a silver backed currency. The problem remains with Greece is they're not an exporter other than items like Olive Oil. Their main industry is tourism and they simply cannot complete monetarily with exporting powerhouses like Germany. He went on to state that countries like Germany really like Greece because it kept the Euro low. So despite what they state publically they did not want Greece to exit. If Germany was back on the Deutschmark it would be valued double or triple the current rate in Euro's thereby hurting their export abilities.
I would almost guess that the Euro may strenghten if Greece exits. Everytime one of these countries which are not known for exporting exits the Euro it will drive up its value. Anyway we may get to see if this is correct in a few months!
That could have been an article on ZH, good comment!
Well at least that gives us a clear idea what is not going to happen!
Nail Gun Squad, report to Davos Microsoft business center to pick up itinerary, tickets and special instructions for trip to Athens.
And now we know why QE was launched: It is bailout time for Commerzbank.
Don't forget;
1) Deutsche Bank
2) SocGen
3) BNP
4) Bankia
But how much will QE help those banks if Greek bonds arent included? Those greek bailouts are really just bank bailouts so they don't default on their debt that's being held by all the big European banks. If these people really get put into office and default on that debt, those over leveraged and under capitalized banks are going to get wiped out regardless of this QE, aren't they? This QE isn't going to save them if the Greeks default.
Greek bonds aren't included dude.
That was the "condition" for the QE.
Gotta read the fine print on these things.
"Not all inflations are created equal" as well.
Greek bonds are not included
I know, I said that in the first sentence. That's not what I was asking
Deere to place 910 employees on 'indefinite layoff'
I saw a banner ad here yesterday for Caterpillar; "0% APR, 48 month financing."
As Mises clearly laid out, there is no escape, and you will eventually blow-up all of your capital goods industries in the process of malinvestment.
i love a fuck you in the morning
Merkel is too busy blowing Lord Rothschild to even notice, or even care.
I almost came up with a visual on that before my brain short circuited for my own good.
I'm guessing a rim-job. That way you don't have to see her face.
… what face ?
Its going to be another fun weekend...Saudi Arabia is in play..Greece on Sunday.....Yemin is moving around.....and no NFL football
Yesterday, the NFL went the way of Baseball, Basketball. Hockey is next on the list to be destroyed.
Liberals hate sports, any sport, except the sport of child molestation. They love that sport...
liberals hate any kind of competition (eg, free markets, sports, etc) cuz they usually lose when they don't cheat
What the fuck is wrong with you people? Seriously. What the fuck is wrong with you?
It is the lowest common denominator, which serves as a way of bonding in society. Many people like their useless little labels and mental shortcuts because it is a way to keep things simple and avoid dealing with complexity, which can be taxing on the brain. Usually it is an all-or-nothing label. I suppose it is very difficult for a person who subscribes to this type of thinking to try to understand another person who is say, fiscally conservative and socially liberal. It only gets worse with people who are even more nuanced than that.
It is far easier to pigeonhole people and paint this boogeyman called "liberal" as child molesters, effeminate wimps, or bleeding hearts than it is to deal with complexity. This amorphous, ill-defined- or more to the point- arbitrarily defined, facts be damned- straw man can be very useful. It can also be used as a whipping boy to absolve themselves.
In short, one can point to "them" and say "they" are responsible for our lot.
"Pussies killed the manly sport of football, basketball, and baseball. The last holy bastion of Hockey is in peril. Fucking "liberals", I tell you..."
See how that works?
Although it has been many years since I competed, the sport of boxing is still around. So is MMA, Kickboxing, (non-WWE) Wrestling and a whole slew of other "manly" sports.
----------------------------------
I do not follow Greek politics and really do not know anything about about this Alexis Tsipras, but I can tell you beyond doubt, that oligarchs and opposition politicians in Spain are terrified to debate Pablo Iglesias face to face on the issues. Iglesias makes a quick snack out of people like that, often live on TV.
so what if youre a fag-nobody really cares
Liberals hate sports, any sport, except the sport of child molestation. They love that sport...
A bit OT, but this week, Bernard Levin agreed to plead guilty to a number of charges related to the posession and distribution of child pornography. BFD, you might ask, who is Bernard Levin?
Bernard Levin was the Assistant Deputy Minister of Education for the province of Ontario (i.e. the #1 bureaucrat in the organization, and de facto chief, as the Minister, a politician, usually does as they are told) when the Minister was Kathleen Wynne (now Premier), a confirmed carpet-muncher. Levin was the author and chief proponent of a shocking proposal for moving sex education into primary shcools, down to the Grade 2 level. IIRC, part of the curriculum was teaching children under 10 years old the actual mechanics of fellatio and sodomy (along with intercourse). Huge public outcry stopped it dead in its tracks, but Wynne is now running the province (which is the most heavily indebted, per capita, in the US or Canada) and given her own predilicktions (sic), we may see it resurrected.
n/t
actually being a CONservative yourself, you should know by heart that it is the majority of Conservatives who seem to favor Pedophilia-i mean look at yourself, for example
look at the arrest records
A week from Sunday, the Pats are playing Softball!
right on brother! you got the right bullet points. screw those baggy balls. in saudi..new boss old boss ..samo. yemen..gladioB post CharlieHebdo France diversionary attack space. greece...well lets see: haircut, grexit, re-fi...all i can hear from Irleland, Italy, Spain is...ME TOOO
should be good for another 1% up in the SPX..
Grexit.
how... British. whenever something is going on, you Brits wish for others to leave the EU. do it yourself
like this Tyler's "Syriza leader Alexis Tsipras has come out swining for the anti-EU vote this morning "
what is anti-EU about it? Tsipras is carefully threading a fine line between the anti-austerity and the pro-EU and pro-EUR parts
his main counterparts are claiming Tsipras is anti-EUR, and Tsipras has to defend himself from this populist argument, while nearly nobody is arguing for leaving the EU
I can see you starting to squirm.
I'll be honest -- it makes me happy.
nothing could be further from the truth. I was against the UK joining. I'd be happy to see the UK leaving
Greece... well, it's difficult for me to say no to Greece. But if it wants to leave, I'd be more then happy to oblige
and yet... what I wrote is true. Tsipras is rattling "the cage", but he is not threading an anti-EU line, and for sure not an anti-EUR line like his political opponents are insinuating
and the main reason is that votes are on the pro-EU and pro-EUR side, in Greece
what he wants, the way he is telling the tale, is a complete rewamp of the Greek budget, and more taxes for the rich, particularly the Greek oligarchs
But if it wants to leave, I'd be more then happy to oblige
Well, so you say. But I wonder if the EU would agree with you? In practice, these things are much easier to get into than to get out of, as we saw in the US of A in 1861, in South Africa in 1894, and doubtless if, say, Turkey, decides to leave NATO, or Greece the EU.
leaving a military alliance is a completely different thing from leaving a regulatory/common market alliance of sovereign countries, each with it's own armed forces. or a monetary alliance. the US of A in 1861 was a federation. same in SA. vast differences
Dollar up dude.
"Like its the last dollar on earth."
I hope the Germans have vaseline on the shelf.
The average one does not.
You just need soem shithead politican to come on TV and say something like
"The European Union needs you now. If the EU is important to you, please put your money in the bank, and/or go spend it."
People will do it.
because the EU gives the average German a nice, comfy feeling of having many friends on this continent
Yes, because the warm fuzzy fealing is worth the half trillion euros in foregone GDP per annum
are you being German or American when you argue this way? I can't change Germans, or "cure" them of their German-ness. I tried, a few times, with no avail
and this is part and parcel of our multiculturalism and our tolerance ideal: we leave the Germans be Germans, and so on
Its me having a tertiary understanding of the idea of "opportunity cost."
We, as in many of the electorate would love to leave the clusterfuck of the EU. Our politicans won't let us. Hence UKIP.
Come May I hope the country votes in enough UKIP MP's to make it come true.
I'm not 'British', I'm English. But anyway Ghordy, there's just something about paying the vast salaries and expense accounts of MEPs, and Spanish fishing subsidies, and submitting to illegitimate laws from Brussels, and higher taxes that, I don't know, irks me somewhat. I just feel that £55B a year could be better spent.
I know, I know, it seems strange...
I stand corrected. Does it mean that you see yourself as the member of an oppressed People without an own Parliament? Forced to travel with a passport that claims you are British?
I can understand that you are against the EU. Perhaps you can understand that it's not in the power of us continentals to throw out the UK. That power resides in Westminster
I also mind the salaries and expenses of MEPs like Nigel Farage, if it helps. But again, nobody forces Westminster to submit to "illegal laws from Brussels"
frankly and in my humble opinion Westminster is incredibly happy to shift a lot of blame on Brussels. and that's the main reason why I wish the UK would leave
Well, not really, I see myself as a human being from a specific region now under the control of a group of criminals who seem to have largely usurped the rule of law and rule of the people as set out following the Glorious Revolution.
The real problem I have is that it was never within the rights of the idiots of Westminster to join the EU in the first place. That said, a single EU currency is the height of stupidity and many members would be a lot better off without it.
The incredible waste of capital that we are required to fund and then watch being pissed away is just a bonus.
"The real problem I have is that it was never within the rights of the idiots of Westminster to join the EU in the first place "
this sentence is, I'm afraid, wrong at too many levels. the simplest answer is this: there is no constitution which would have had to be consulted, first
the even simplest is that there was a referendum about joining the then EC
No Ghordy, it isn't wrong. I haven't got the exact wording to hand, but in the parliamentary oath, MPs vow to never to bow to any foreign power before the monarch, who is under contract to the people. This is part of our lawful constitution. We do have a constitution, but it's clear that you, along with many of my countrymen, simply have no idea the extent to which the people have been disenfranchised and moved away from their lawful rights. It's a massive hoodwink centuries in the making, but I speak the truth.
Oh c'mon MG, can't we all just get along. Get along = open your wallets bitchez.
Huh? I thought there already were bank runs in Greece?
http://www.zerohedge.com/news/2015-01-15/greek-bank-runs-have-begun-two-...
"*TSIPRAS SAYS WILL NEGOTIATE WITH EUROPEAN PEERS NOT WITH MERKEL"
If Mutti sends in a few Panzer divisions, he may have no choice.
Sorry twas I who down voted you, purely for the fact that Germany doesn't have a few Panzer Divisions.
Over!? Was it over when the Germans bombed Pearl Harbor!?
Ironshield
Germans? Started on your weekend early?
You must not be Merican. Or young. ;-)
Animal House.
If you haven't seen it you are in for a treat.
It's a well known line from 'Animal House'. Probably only the greatest comedy movie of all time. And the movie that cemented John Belushi as one of the greatest comedic actors of his generation.
Your response should have been along the lines of: "Just let him go. He's on a roll."
Favorite line: "What can I say? You fucked up: You trusted us."
Which also approriate for the circumstances.
Everybody synchronize your watches and split up, it's on.
No, it was over when Russia invaded Germany.
And when you lose control you'll reap the harvest you have sown...
Pink Floyd, Dogs
http://olduvai.ca
< Syriza will really say no to the EU
< Syriza is the usual political Kabuki theater and will kiss EU ass
4% - still not convinced they'll win, too much at stake here. They cannot let that happen, this can set a VERY nasty precedent... ballot stuffing might be required... essentially Syriza winning this may mean the end of EU as we know it.
I'm missing the connection to swine husbandry in all of this. :-)
Silver drachma??
Bankruptcy and default are considered Good business tactics in the United States. Chance to reorganize and screw your creditors. Had a neighbor walk away from 92,000 of Short Term debt in bankruptcy. Year later has a new car and just got a mortgage.
Greece default and be done with it. Go back to the Drachma and enhance your tourism and such/cash flow. The debt is a hardship and cannot be paid. That is considered reason enough in the US. The bankers will be back with loans in the future. Ask any bankrupted American or ongoing business. I live around DELTA airlines. Ask them.
Tsipras came out "swining"? You mean like a pig?
Oink, bitchez.
... the system shows signs of panic, which means that the European officials don't know exactly how SYRIZA will react. In case that SYRIZA has a secret agenda, and be pressed by the lenders beyond red lines, it could nationalize the central bank and return to the national currency, blowing up eurozone.
Prediction: Syriza wins, they reconsider their porsition, and nothing changes.
Does this mean that Greece is going to default.
yes, but I doubt anyone will be able to collect on their credit default swaps.
Greece should leave the EU and NATO, and join Putin's Eurasian economic club and the SCO.
I'm sure that's been discussed.
I'm sure they'll be welcome. The club is growing. They will even have the gas conveniently stubbed out right at the border.
There are two problems.
#1 Greece is dealing with debt that they cannot pay back. They should tell Euorpe to go fuck themselves and go back to the drachma.
#2 There is no reality in Greece. Its easy to tell somone to fuck off on the debt, but unless there are major structural changes in wages, taxes, and their work ethic, none of this will matter.
They have nothing to lose at this point. The only rational choice is for Greece to Grexit, declare bankruptcy, dispand the government, and go full anarcho-capitalist.
In the end, that's what's going to happen anyways!
I tend tyo agree, particularly with yr #2 and especially the work ethic thing. Efforts will be made to rig ballots, tho' it's really un-necessary as Tsipras will not follow through on his rhaetoric. It's well easy to promise all heck mayhem qand revolutionary change when you're eating dust by the side of the road, but once the opportunity to join the club beckons, it's gravitational pull will put Tsipras in a different orbit.
Proving yet again that the "free shit party" wins 100% of the time.
So tired of this decades plus tease.
Do it, for fuck's sake. Do it. Get it over with.
We will see if he has the guts to say no and Go fuck the EU !
The choice is very simple 20 years of recession trying to pay an umpayable debt or exit the EU and start again renegotiating the debt at 2 cents for the dollar . Previous commitments are to be thrown out , useless crap .
Tell me who is counting the votes and I'll tell you right now the results.
indeed, might be worth putting a few quid on ND to miraculously win. CNN & BBC will tell us of course it was "the Greeks coming to their senses on the day, hurrah for democracy". Just like the Irish did on 2 EU re-referendums, just like the Scots did on the Independence vote, just like the Afghans do whenever a Harvard educated, big-oil connected candidate runs for President, etc, etc....
Those EU swine needed a good swining.
“Tax burden needs to be erased for middle class, Syriza would abolish property tax, introduce levy for large real estate holdings.”
I know no Greek is reading this, or listening. But, the above statement is an economic mistake, and actually the main reason Greece is in the debt trouble it’s in now.
If Greece uses private credit Euros, or private credit Drachmas – your credit as money will be created on a double entry ledger. Said ledger will attach assets to make such credit. Of course this is so.
What assets will be attached? It will be land, housing, buildings and the like - all things that can be attached legally and sold in markets.
Private finance uses debt instruments via double entry hypothecation to create loans. Our loans create credit money which we use to do transactions.
A housing bubble is assets landing on double entry, then possibly backed up in power with insurance, and then credit money issuing forth. That credit money then chases after the asset that created it in a positive feedback loop. This is why the property in the state of New York exceeds all industry in the U.S.
If you don’t tax property, then its value will be bid up during credit creation (hypothecation) phase.
The bid up value means that people’s outputs then are vectored to the banker instead of government. In other words, the high debt load sucks money away from your wallet and into the bank’s ledger. Banker earns usury on the process and doesn’t give a damn otherwise.
So, government must then charge income tax and other regressive taxes because they cannot tax property properly.
Also, land taxes gather the rental income due to inputs of the commons. For example, taxpayers fund a road, and then the increase value of property is then captured as taxes when the land value increases. The city improves through the inputs of everybody, and land value increase is captured again. The taxes income fluxes back out to the commons as improvement in a virtuous cycle.
Land tax is actually the only legitimate tax. A good case could be made for tariffs in order to protect against foreign predators also.
If you loan money to an uncreditworthy person (State) that is risky.There is risk involved.
If Greece has only olive oil and tourism,why did Wall Street and the EuroBanks loan them $250 Billion??
If Greece is insolvent,why do they have submarines,tanks and f-16's? Are these toys for the rich kids,or
to intimidate the proles? Someone once said "you can do anything with bayonets except sit on one".....
If they are insolvent (they are) then the Cyprus bail-in was just buying time,kicking the can...
The Cyprus bail-in was the equivalent of looking for coins in the couch cushions,but destroyed all faith in Banks
honesty and integrity forever.
As with Iceland,turning the page can actually be a good thing. Default and start over....
(AND,when they default someone has to pay up on the CDS insurance on their bonds).
So nice to see people here profess their love for the QE lover Tsipras. Who knows, tomorrow people here will start to love Mr. Yellen.
Watch them hold WWII over the Germans when they want loans.
news flash: EU starts illegal QE.
news flash: Greece calls the EU shots.
news flash: Greece won't talk with Merkel.
news flash: Germany laughs, leaves EU.
Who would have thought?
Germany throws Biggest. Party. Ever.
The German "Declaration of Independence".
... finally ...
? could be ?