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Greece's New Leader Sends Germany A Loud Message With His First Act

Tyler Durden's picture




 

Update:

* * *

"Hi Angela, do you hear me now?"

And perhaps on a related note, moments earlier:

  • MERKEL SAYS AUSCHWITZ 'FILLS US WITH SHAME'

No shame, however, for switching the DEM with the EUR.

 

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Mon, 01/26/2015 - 11:50 | 5706291 Finnman
Finnman's picture

But German stock markets soarrrrrrr...??? DAX up 1% so they like Tsipras.

Mr Tsipras is actually good for Wall Street?

How weird.

Mon, 01/26/2015 - 11:51 | 5706293 AurorusBorealus
AurorusBorealus's picture

Arbeit macht Frei, bitchezzzz.

Mon, 01/26/2015 - 11:51 | 5706301 Lostinfortwalton
Lostinfortwalton's picture

Well, the Brits just got around to paying the US the last of the WW II debts so the need for conditions so harsh a female doctor has to sell her body to feed her kid is a little harsh. That said tax-avoidance in Greece is an art as is corruption at all levels. My father-in-law is Greek and he has recent stories of having to bibe the doctors to get an operation on his legs.  

Mon, 01/26/2015 - 11:54 | 5706312 Prober
Prober's picture

I live in Germany during the summers, LOVE it, consider it more of a home to me in terms of values than any other country.

If I were German leaders, I would tell the Greeks to get out of the Euro.

Mon, 01/26/2015 - 12:26 | 5706507 headhunt
headhunt's picture

Step one to elimination of the EU - good for some, others... not so much

Mon, 01/26/2015 - 12:46 | 5706607 walküre
walküre's picture

As fellow German I can only tell you to get out of the Euro yourself and personally convert to CHF, gold and silver.

Our leadership is selling is out for short term industrial profits. We will suffer immensely long term when the leadership and the profiteers from this ponzi have long rode off into the sunset.

Mon, 01/26/2015 - 14:22 | 5707048 Prober
Prober's picture

I agree with you, I got out of the Euro incrementally when the debt crisis emerged and completely by May 2011. I moved my money to Switzerland in a Swiss Franc account, because I thought that the Euro will collapse and Europeans would flee to nearby currencies. Now I pay my German expenses by converting USD and Swiss Francs only as needed, rather than keeping balances in Euros.

I am increasingly predicting the failure of the Euro - it was a "bridge too far".

I am sure that Germany can do VERY MUCH BETTER on it's own rather than carrying all the European parasites and incompetents. If Germay does exit the EZ, then I will apply for German citizenship and make it HOME.

Mon, 01/26/2015 - 12:00 | 5706363 msamour
msamour's picture

I do not post often on this site, but what I have observed in the last 2 days bears mentionning. It also seems no one else has seen what I think is potentially a great move being prepared by Alexis Tsipras. I 'm only 51% sure at this point, and his further actions wil confirm, or disprove what I think his intentions are. but just for shits and giggles here is what I think is happening here:

 

1) Alexis Tsipras is acting as sacrificial lamb to change the current European power paradigm. Visiting a controversial site wherby invaders killed your own counrtymen many years ago is a move meant to antagonize German leaders, even perhaps the entire German population.

2) Stating point blank that one wants to remove, or destroy the old oligarchis order is a direct threat to the people that have indirectly held power in Greece, and in other locale for a long time. (Mr Tsipras should indeed avoid nailguns for the forceable future.)

3) aligning with members of the Far Right Independent Greece seems to indicate willingness on the part of Mr Tsipras to be willing to compromise with his own countrymen to be rid of what the Greek population as a whole percieve as invaders.

Based on these three elements enumerated above, my prediction for the near, and medium term future is for Mr Tsipras to continue a campaign aimed at discrediting the leaders of the European Union, and perhaps aims at making the terms of negotiations so difficult, that the Troika will have to cut ties with the Greek government. The Tsipras coalition can then use the refusal by the Troika to negotiate as a reason for a default/return to the Drachma, then reset negotiations with Russia/ Other BRIC Nation.

It is useful to remember that the BRICS now have a development bank. Greece could potentially become the first beneficiary of its funds after a full default of Westernized banking system.

Long term bullish on de-dolarization.

 

Disclosure: Absolutely no investment in any markets (one would have to be a little crazy to invest in this climate anyways.)

Mon, 01/26/2015 - 12:39 | 5706582 IridiumRebel
IridiumRebel's picture

This is an interesting thought. At some point, you will see true patriots from whatever nation rise up to "take one for the team". Nail guns not withstanding. I'm sick of faux patriotism and people claiming to be the real deal only to capitulate and be bought off. At some point I wanna see a real deal, pimple on their ass scorched earth motherfucker stand up and start doing some real damage to the power structure that enslaves so many.

Tue, 01/27/2015 - 03:40 | 5709630 w a l k - a w a y
w a l k - a w a y's picture

In support or your observations is a similar proposition made by Bill Holter recently.

The “Neutral” Swiss Just Changed Sides!

Excerpt:

We asked the question “why”, last week. Why did they drop the peg, especially after confirming it just 72 hours earlier? The common sense reason was because they had to. Euros were piling up on the SNB’s balance sheet with the current 60 billion per month more staring them right in the face. Why accumulate more of something the issuer publicly and purposely wants to dilute?

 

Fast forward less than one full week and another, maybe the BIGGEST piece to the puzzle has emerged! It appears the Swiss may have been given an offer they couldn’t (shouldn’t) refuse? It was announced yesterday that the Chinese and Swiss have agreed to opening a “renminbi hub” based out of none other than Zurich.

 

Do you think this deal just came out of the blue? Did the Chinese request, or offer, a renminbi hub AFTER the Swiss announced the end of their euro peg? Or, do you believe the louder Mr. Draghi became and the closer the date of QE announcement came, the Chinese and the Swiss were meeting behind closed doors? As an earth shattering side note, the Chinese publicly and formally also announced yesterday of their intentions for the yuan to be an internationally traded currency!

 

The obvious takeaway from these announcements is twofold. One we could have certainly speculated on, the other a surprise. First, it is and has been common sense that the yuan (renminbi) was going to eventually become an internationally tradable currency with the speculation of eventually becoming “a” if not “the” reserve currency. This, we could have expected, the timing though was unknown. The not so obvious take and maybe just my own opinion, the Swiss just took and changed sides! I know this is a big statement so I will try to explain my thinking here.

 

The Swiss surely had to know when they dropped their peg, speculators, financial institutions and even some central banks would be offside and take losses, BIG losses. They could have dropped the peg differently. They could have even moved the peg slightly and not forecast further moves. In other words, they could have made the move slower. They chose not to and according to Christine LaGarde, they gave no prior notice to the IMF. I was not sure last week but now, after the Swiss/Chinese alliance I believe her. I believe this was a bolt of lightning out of the blue to the Western banking system and probably a shot across the bow by the Chinese.

 

Going just a bit further, the Swiss have actually injured the Western financial system with their overnight and sudden move. Derivatives have taken hits and very well could have set off a chain reaction behind the scenes …which have not yet surfaced? They did this AND moved Eastward at the same time. In my opinion, the Swiss “know” the direction where the power structure is moving. You see, Switzerland has “re” refined several thousand tons of gold over the last few years. They know where the gold came from, they know they received London good delivery gold, they know they recast this gold into “kilo” bars which is good delivery in the East …and they know where they shipped all of this gold. You would not have to be as bright and precise as the Swiss to understand what is happening. They have seen the flow, done the math and watched as “power” (gold) has been moved from West to East.

  
Mon, 01/26/2015 - 12:42 | 5706588 Jethro
Jethro's picture

Very thoughtful post. I disagree with your first point however. I sincerely doubt that the average German will be antagonized buy Mr. Tsipras visiting a funerary monument. Some closely-allied banking bureaucrats might be, but they are afraid of the winds of change...and should be. It isn't the German people that are financially raping Greece, it's Central Bankers. The German people would probably prefer that Greece goes it's own way.

Mon, 01/26/2015 - 13:02 | 5706698 msamour
msamour's picture

The problem with German people is their pride. They are being steered into a thinking that they are the only ones actually "working hard". It may, or may not be the case. From what I have seen there are hard working people everywhere in the world. There are lazy people everywhere also. The problem with Germany is perception. Many of its people perceive themsleves has being the only good hard working people in Europe. I have seen this in many You Tube videos.

I do agree with you on who is doing the pillaging and raping in Greece. Regular Germans are simply being used by their leaders as scapegoats to point the finger at the "lazy" people of Europe. The EU never should have been established. You cannot have so many different cultures sharing the same currency/"artificial values" it simply does not work.

I think for many of the oppressed people in Europe (regardless of the country), they simply wished somone, anyone would have the courage to tell the Oligarchy to go screw themselves, and re-establish a power structure where the people of individual country do not give so much of their wealth to the  ruling Elite few. There is a danger in this kind of rebelion, wanting to pull back on oligarchic power, you get accused of being a socialist. (It happens here often). If you don't protest enough, you get accused of being a member of the oligarchy that has been bought and paid for.

The only option for real change is what I mentionned before: Sacraficial lamb. Destroy the current power structure through hard negotiations with the current established power brokers. By having hard negotiations open to the public, they show their cards, and all the people of Europe see what the ruling Elite is really about. Stall the system long enough, expose to all Europeans how bad their leaders actually are, then watch the dominoes fall.

Will this strategy actually work? Not likely. But it's worth trying.

 

That is what I see Alexis Tsipras trying to do. That is until he gets bought...

Mon, 01/26/2015 - 13:52 | 5706921 msamour
msamour's picture

The European Oligarch hubris has started much earlier that I expected:

 

http://www.wsj.com/articles/ecb-board-member-says-greece-must-repay-debt-restructuring-talks-possible-1422261074

 

Mr. Tsipras must pay, those are the rules of the game, there is no room for unilateral behavior in Europe —ECB executive board member Benoît Coeuré

The more these idiots stick to their Greece must pay rethoric, the more Alexis Tsipras gain in the public oipinon. It will be up to the poor people in other countries of Europe to finally get a bloody clue of what is really going on. This winter will be very exiting to follow. All Tsipras has to do is maintain his policy of wanting a debt write-off, and show the European elites don't want to budge an inch, and he will win popular opinion everywhere in Europe. Bonus points to him if he successfully defaults.

Mon, 01/26/2015 - 14:18 | 5707031 Jethro
Jethro's picture

IMHO, the ECB can't budge an inch, because if they do, Italy and France do what Greece has done, and whomever remains in the Euro is left holding the bag.

Mon, 01/26/2015 - 12:48 | 5706619 Wahooo
Wahooo's picture

Hard to imagine Russia or China moving in to help Greece without predatory terms.

Mon, 01/26/2015 - 14:15 | 5707010 walküre
walküre's picture

Good one!

Mon, 01/26/2015 - 14:41 | 5707141 tsuki
tsuki's picture

They already have.  China is Greece's fourth largest export market.  They long term leased the Athens port with much more favourable terms than being offered by the West.   Bought an airport that had been left to rot after the Greek depression.  Russia will lift sanctions.  And they could extend the pipeline to Bulgaria and Italy paying transmission fees. 

Mon, 01/26/2015 - 12:04 | 5706383 f16hoser
f16hoser's picture

Nazism is synonymous with the US Government. Not Germany.

Mon, 01/26/2015 - 12:09 | 5706407 IndianaJohn
IndianaJohn's picture

Germany and everyone else too, ought be ashamed of drinking the zionist kool-ade.

Mon, 01/26/2015 - 12:27 | 5706492 richsob
richsob's picture

I don't get all the sympathy for the Greeks.  They borrowed more money than they can repay.  They spent too much money they wish they had back now.  They were irresponsible in their social contracts.  And somehow it's all the mean old Germans' fault?  WTF!  If I buy a house that I can't afford and the banker is hounding me into a foreclosure whose fault was it?  And please don't tell me the Germans held a gun to the Greeks' heads to make them spend all that money.  The Greeks started this problem by lying about their financial situation on Day One to get into the European Union and enjoy the "benefits" of the Euro.  I know a lot of Russian sympathizers on ZH are pretty biased toward Russia but damn, people, the Germans aren't always the blame for everything.

Mon, 01/26/2015 - 12:36 | 5706545 williambanzai7
williambanzai7's picture

You sound like a rich SOB.

Unfortunately, the narrative that it is all the borrowers fault has proven to be tired and worn out.

As we have seen, there is indeed such a thing as predatory finance.

Mon, 01/26/2015 - 12:42 | 5706592 richsob
richsob's picture

Yea, I'm rich but I damn sure didn't do it exploiting anyone.  I agree with you 100% that The Tribe does way too much of that in the guise of "Wall Street" and "Big Business" but fuck Greece.  They didn't cut a bad deal with the banks who had been laying in wait to screw them.  They created their problems over years and years and years of profligate spending.  I don't do that in my personal life or my business life.  I pay my bills and I save/invest/conserve whenever possible.  I actually don't think you and I disagree on some important issues.  But Greece?  They asked for a LOT of their problems and now want to blame the Germans?  Come on, man.

Mon, 01/26/2015 - 12:51 | 5706635 SmedleyButlersGhost
SmedleyButlersGhost's picture

There are no innocents in Greece - just like the borrowers in the US and most of the EU. The question now is who pays. I would argue that the next 1 -2 generations of taxpayers of those countries are not responsible so the bankers can sod off. They knew what they were doing - they're supposed to be the money experts.

Mon, 01/26/2015 - 12:53 | 5706642 walküre
walküre's picture

Goldman Sachs cooked the books for Greece. I don't see a Greek partisan army blowing up GS HQ in NY? They lived way above and beyond what their GDP could ever afford. Nevermind repaying debt, the Greeks could never carry the debt.

An economy that is based on shipping, fruits and vegetables can never be at par with industrialized economies building planes, trains and automobiles and ships and power plants and dams and tall bridges and on and on ...

The ECB and EU were a mistake in the making from DAY ONE. It could never work so I don't understand why everyone is still acting surprised that it didn't work.

Mexico has more industrial output and resources than Greece and Mexico would DIE 100% if it were a part of the USD.

Mon, 01/26/2015 - 13:06 | 5706689 williambanzai7
williambanzai7's picture

There is nothing new about what happened to Greece. It happens all over the world and is restructured accordingly. There is always some amount of pain to be endured.

However, someone decided in Greece's case a new example would be made. The borrower carries all the freight and the lenders walk off whole. No write downs, no pain for the shylock. You must pay for the tanks and submarines! Meanwhile basic services such as very basic healthcare for example are cutoff. There is no hope in the equation.

Who decided this? That is certainly not what happened in the Asian financial crisis. The banks were forced to restructure as well. But in this case, suddenly the rules are different. Why? Because the core lenders got very very drunk that's why. Because forcing them to take a haircut on this pile of shitty leverage would be their undoing.

What sin did the Greeks commit to be treated in this fashion. 

By all accounts what is happening there now rises way above taking your debt medicine. It rises to the level of inhumane.

If that is what in means to be in the hollow union, then so be it. And they are right to question whether the hollow union is what they want.

Finally, I would say that your notion that this is purely a matter Greek fiscal irresponsibility is naive.

There is a reason why this happened all around the periphery. It is systemic.

And plenty of ordinary people who are too busy trying to live were sold a rotten lemon by sharks dressed in pinstripes.

Kudos to the Greeks for electing someone who does not quietly lean over for Deutschebank and  Goldman Sachs. 

Mon, 01/26/2015 - 13:15 | 5706770 walküre
walküre's picture

we will find out soon enough if that is true

Kudos to the Greeks for electing someone who does not quietly lean over for Deutschebank and  Goldman Sachs.

did you vet him? could be that he has secret ties and connections to the cabal that are not obvious yet

Mon, 01/26/2015 - 13:31 | 5706816 williambanzai7
williambanzai7's picture

This sorry saga has gone on 6 years now. This seems to be the result.

He who has the balls to speak gets the votes.

Don't be too quick to shoot the messenger.

If as you imply, everyone has secret ties to the cabal, then nail guns all around.

Mon, 01/26/2015 - 14:16 | 5707022 walküre
walküre's picture

Every politician has an agenda and has a soft spot for corruption. The cabal will try to make a deal with him. If he doesn't deliver, well he's probably a dead man walking.

Mon, 01/26/2015 - 14:26 | 5707078 msamour
msamour's picture

In an earlier post I indicated that German people had a major problem: Pride. This person that you are exchanging with presently illustrates my point very well. Keep posting Mr German, you are sinking yourself further with every post..

 

Or as Mr Panos would say. " Mr Shintzel face"...

Mon, 01/26/2015 - 13:27 | 5706818 newworldorder
newworldorder's picture

As always you are a ray of sunshine and sanity. Too bad many of the newbies that have joined this site are mostly the intolerant type.

Mon, 01/26/2015 - 16:59 | 5707807 Joe A
Joe A's picture

Or either pro-Kiev or pro-Moscow trolls.

Mon, 01/26/2015 - 15:38 | 5707412 shovelhead
shovelhead's picture

It all starts once you let a Goldman Sucks snout under the tent.

Mon, 01/26/2015 - 12:42 | 5706598 Wahooo
Wahooo's picture

Well, someone we all know god's-worked some Greek folks.

Mon, 01/26/2015 - 13:08 | 5706718 kikk
kikk's picture

The Greeks borrowed all this money ???? You are a fool.

No, the bankers and politicians borrowed all this money and put the Greek population on the hook for it.

Just like Mario Draghi did last week, he gave every man woman and child in the Eurozone a debt to the tune of 3000 Euros each. Did he ask them ? Of course not but you can bet both your kidneys that at some point someone is going to ask them to pay back money they personally have not borrowed.

Your mortgage is your problem but if someone else took out a mortgage in your name would you pay it ?

Greeks do not owe the money, the people who borrowed it and profited from it owe the money.

Mon, 01/26/2015 - 13:15 | 5706776 walküre
walküre's picture

it's book money

money that was never there to begin with

same as every loan or mortgage in this country

the undoing is happening

got gold?

Mon, 01/26/2015 - 16:56 | 5707776 Joe A
Joe A's picture

Everybody knows the Greek messed up their country. Everybody knew that, including the banks that loaned them the money to do so. But these banks made bad investments and got bailed out by the rest of Europe (aka tax payer). That doesn't seem fair to me. If you and me make bad investments then nobody will bail us out. But the banks were. Only 10% of the 250 billion Euro bailout of Greece reached Greek society. The rest went to bail out banks. Greece needs to pay back that money with interest and they have higher debt now then before the crisis. They also were hit with austerity that killed off their SME.

The ECB is bailing out banks now Europe wide with its QE. Current and future taxpayers are on the hook for that. Banks will say "thank you and fuck you".

Mon, 01/26/2015 - 12:28 | 5706518 GIABO
GIABO's picture

May this be a a lesson to the Zionist and Neocon's for what you did on 9-11...

Mon, 01/26/2015 - 14:57 | 5706519 RagnarRedux
RagnarRedux's picture

Hah, just like everyone, including enlightened historians, absolutely knew for 50+ years that the Nazis executed 22,000 Polish officers in the Katyn Forest, EXCEPT THEY DIDN'T, it was the ethnic Soviets, as usual!

http://www.independent.co.uk/life-style/history/us-helped-russia-cover-u...

http://www.ynetnews.com/articles/0,7340,L-3342999,00.html

https://www.youtube.com/watch?v=eefn1FyXC9w

Mon, 01/26/2015 - 16:45 | 5707752 Joe A
Joe A's picture

Actually, that was known for quite some time. There are even pictures of American officers walking at the burial sites along with German officers at a time the US was already at war with Germany.

Mon, 01/26/2015 - 12:30 | 5706528 LetsGetPhysical
LetsGetPhysical's picture

Kudos for the "symbolic" act I guess. Hands Up, Greek Lives Matter and all that, BUT... How is this guy going to grow his economy? Or did I miss that part? More government dependence? More hand outs? Hyperinflation? Price controls? So now the Greeks have got their own Hugo Chavez?

Mon, 01/26/2015 - 12:41 | 5706583 williambanzai7
williambanzai7's picture

When you are absolutely certain you are in the shitter, the first thing to do is get out.

Mon, 01/26/2015 - 16:49 | 5707750 HardlyZero
HardlyZero's picture

++

when you are digging your own grave and you strike the old graves down below (we remember!)...and are neck high in it.

exit...stage left (like snagglepuss).

(EU fiatexit) - avoiding a doomed fiat fate - fait accompli

Mon, 01/26/2015 - 12:38 | 5706568 IronShield
IronShield's picture

And here I thought the first act was to go to Disneyland.

Mon, 01/26/2015 - 12:39 | 5706573 Hannibal
Hannibal's picture

Greece should:

Leave the EU, and default on all ECB and other banksters.

Back to the Dragma and let it float freely (likely downward first)

The cheap Dragma, should make Greek tourism and exports take off.

 

Mon, 01/26/2015 - 12:55 | 5706663 walküre
walküre's picture

Good luck financing their economy on the sales of fruits and vegetables.

Besides if they leave the Euro, they are leaving the Eurozone and protectionism will kick in. Spain and Italy will immediately benefit to sell more of their fruits and vegetables into the EU as Greek products are left rotting at the ports of Greece.

Can't have their cake and want to eat it too.

Mon, 01/26/2015 - 13:19 | 5706760 Joe A
Joe A's picture

Uuhh...Europe soon will need to go and pick up gas from Russia in Greece.

Greece is member of WTO so good luck with that protectionism

Italy and Spain need to buy Greek olives and Greek olive oil to add their own because their harvests failed last year.

Russia already hinted at making exceptions to Greek agricultural produce in their sanctions of European fruits and vegetables.

 

It is all not that one sided really.

Mon, 01/26/2015 - 14:08 | 5706973 walküre
walküre's picture

Bullshit

Mon, 01/26/2015 - 16:43 | 5707741 Joe A
Joe A's picture

Great argument. Got nothing else?

Mon, 01/26/2015 - 16:53 | 5707788 HardlyZero
HardlyZero's picture

Agree and think Greece will be the next Ukraine, but this time a warm relationship will somehow occur with Turkey, and then Russia.

When you go exit, you have to choose and prepare, and get along with the border countries.

 

Will Italy setup a direct pipeline under the Adriatic to Greece for this new natty source, funded by Italy and Russia, similar to Nordstream ?

Interesting times.

Mon, 01/26/2015 - 17:01 | 5707817 Joe A
Joe A's picture

Indeed.

Mon, 01/26/2015 - 12:43 | 5706591 Falconsixone
Falconsixone's picture

Did they get greeced? Any deaths in the past from  Zu(rich), London, Vatican or Tel Aviv?  Ceremony and fuss.

Mon, 01/26/2015 - 12:49 | 5706618 WTFUD
WTFUD's picture

LISTEN PEEPS! Greece is doing Germany , rather the GERMANS a huge Favour by exposing their CAPTURE to the GOLDMAN/NEOCON JUNTA. This will all come out in the WASH. This is one small step in ridding the EU of the VICHY DC.

Mon, 01/26/2015 - 15:32 | 5707386 Againstthelie
Againstthelie's picture

You still believe Tsipras, who was sworn in already the next day, and had a coalition partner already after 12 hours, because he is so "anti-establishment"? A government's coalition program negotiated within 48 hours after the elections? That program must be ful of important topics and revolutionary solutions!

Do you really believe this scam was anti-establishment, while the political leaders of Golden Dawn have been jailed? You mean Tsipras, who immediately after his election begins spreading lies against the Germans in WW2 who fought the INTERNATIONAL HYENAS that have won the war, will be a threat for the establishment?

Tsipras obviously is controlled opposition.

Mon, 01/26/2015 - 12:51 | 5706630 mog
mog's picture

I really really really like this new Greek PM.

I really do.

And I like his prioriities

A man of the people - right across the EUSSR.

Maybe the Fourth Reich has finally met its match.

Mon, 01/26/2015 - 13:01 | 5706691 walküre
walküre's picture

Every action will cause a reaction. Gestures like this will have far reaching consequences.

How much is that Greek debt? Definitely less than Draghi is printing. It can be written off and Greece can be shown the door.

Greeks left to their own devices. Isn't that what socialists always advocate? Each man for himself and survival of the fittest? /sarc

What a stupid people.

 

Mon, 01/26/2015 - 13:51 | 5706924 dexter_morgan
dexter_morgan's picture

Greeks left to their own devices. Isn't that what socialists always advocate? Each man for himself and survival of the fittest?

LOL - yeah, will be very interesting to see them go it alone being the rugged individualists they are, though I suspect they'll find another sugar daddy in Vlad if they want one.

Mon, 01/26/2015 - 13:04 | 5706712 El Gringo
El Gringo's picture

If the Germans executed someone it's probably because they deserved it. 

Mon, 01/26/2015 - 17:03 | 5707825 me again
me again's picture

Wow; you're a complete moron; and a moral degenerate, and you got up-voted; that makes me feel queasy.

Mon, 01/26/2015 - 13:08 | 5706724 irongator
irongator's picture

We may be having a new war front open up in Greece... CIA Quick, conjure up some NGOs!

Mon, 01/26/2015 - 13:07 | 5706729 Jethro
Jethro's picture

Where is Vicky Nuland?

Mon, 01/26/2015 - 13:18 | 5706783 newworldorder
newworldorder's picture

With her Democratic Party Executive Service support group. All in a sounproof room, of course.

Mon, 01/26/2015 - 14:16 | 5707026 Almost Solvent
Almost Solvent's picture

Because the Republican Party group is any better.

 

 

Mon, 01/26/2015 - 14:17 | 5707023 Anunnaki
Anunnaki's picture

Icky Vicky Nudelman aka The Cookie Monster. She about to drop $5 bil worh of bakhlava on Tsirpas

Are there any colors on the color wheel for yet another color revolution by the ZWO?

Mon, 01/26/2015 - 14:29 | 5707086 tsuki
tsuki's picture

Lookimg for her Baklava recipe. 

Mon, 01/26/2015 - 14:59 | 5707222 WTFUD
WTFUD's picture

Nuland is on tour with her NWO Band ; Vichy Vicky and the Varmints

Mon, 01/26/2015 - 13:08 | 5706728 JR
JR's picture

It was bound to happen: The banker dream of centralized political control over all of Europe for the benefit of the international financiers - failure! The details in the unraveling are found in a comprehensive report from The Telegraph:

How the European dream is dying, state by state

As the victory of the anti-austerity Syriza party in Greece shakes financial markets across Europe, find out how the EU project is slowly falling apart in the ten major member states and two cities which form its heart

http://www.telegraph.co.uk/news/worldnews/europe/eu/11366613/How-the-European-dream-is-dying-state-by-state.html

“In 2007, a majority of Europeans - 52 per cent - trusted the EU. That level of trust has now fallen to a third.”

Mon, 01/26/2015 - 13:33 | 5706850 Joe A
Joe A's picture

That's because the Europeans are finally are waking up to what the EU really is: a neo-liberal corporate takeover of a continent. Perhaps the EU needs to die in order for Europe to live. Most Europeans agree to living and working together.

Mon, 01/26/2015 - 13:13 | 5706763 El Gringo
El Gringo's picture

They fucked up.  They should have voted Golden Dawn.  If that had happened you'd really see the banking rats scurry.  The reason Golden Dawn is so maligned by the media scum bags is because the political class traitors fear them the most.

Mon, 01/26/2015 - 13:40 | 5706882 Batman11
Batman11's picture

Never say never.

France swung to Hollandes socialists first before swinging to Le Pens far right.

If Syriza aren't successful, Golden Dawn come next.

The center ground dug their own graves when they gave bankers unconditional bailouts and imposed austerity on the people.

 

Mon, 01/26/2015 - 14:52 | 5707183 peaceful
peaceful's picture

Fully agree with your bat-senses. People must realize politicians will not change their world; only they can. So if they don't have the balls to grab a gun, the people that do will run them

Mon, 01/26/2015 - 16:06 | 5707566 Monty Burns
Monty Burns's picture

Who knows how many votes GD actually got?  As Stalin said, the important thing is who counts the votes, not how people voted.

Mon, 01/26/2015 - 13:14 | 5706768 dirty belly
dirty belly's picture

MERKEL SAYS AUSCHWITZ 'FILLS US WITH SHAME'

Indian-Killer Andrew Jackson Deserves Top Spot on List of Worst U.S. Presidents

Read more at http://indiancountrytodaymedianetwork.com/2012/02/20/indian-killer-andrew-jackson-deserves-top-spot-list-worst-us-presidents-98997

 

NATIVE AMERICAN GENOCIDE

http://www.wicocomico-indian-nation.com/pages/genocide.html

Any mention of 'shame' by white people?  None?

 

 

Mon, 01/26/2015 - 13:43 | 5706885 RagnarRedux
RagnarRedux's picture

Get real, over 90% of the American Indians that died after arrival of Europeans were killed by infectious disease, and many more died from that long before Europeans recolonized the Western Hemisphere.

http://news.sciencemag.org/biology/2014/08/seals-infected-early-american...

http://www.bbc.com/news/science-environment-28871719

Mon, 01/26/2015 - 14:16 | 5707029 dirty belly
dirty belly's picture

Here is the question AGAIN:

"Any mention of 'shame' by white people?"

Mon, 01/26/2015 - 15:52 | 5707492 shovelhead
shovelhead's picture

Nope.

All the actors in that tragedy are long dead. The pain and guilt died with them. You may think different but those are the facts.

Would you willingly go to prison for someone elses crime?

Then, there it is.

Mon, 01/26/2015 - 16:04 | 5707551 Monty Burns
Monty Burns's picture

Actually this White guilt meme never stops getting shoved down our throats. How do you think the vibrants live so well in White countries?  And if it wasn't for the White man you'd still be waiting to discover the wheel and suffering mass starvation during every bad Winter. And no, neither I nor anybody I know had anything to do with those events so I feel f*ck all guilt.

Hope this clarifies my position.

Mon, 01/26/2015 - 17:55 | 5708005 dirty belly
dirty belly's picture

Your interpretation of history is the problem.  It is assumed that advanced civilization did not exist in the land that is NOW called North America.

In fact, it was the Great Law of Peace that the United States Constitution is based on, an advanced technology of the indigenous people of the land BEFORE it was called America.

http://en.wikipedia.org/wiki/Great_Law_of_Peace

To think before any white man / person ever set foot on the land NOW called America, one could have drank clean pure water from ANY stream or land body of water. 

Think about it.

Mon, 01/26/2015 - 13:51 | 5706913 sTls7
sTls7's picture

Trail of Tears aka death march.

Mon, 01/26/2015 - 14:10 | 5706991 walküre
walküre's picture

it's been 70 fucking years ago

how many people have Jewish bankers killed with their war financing since?

how many Palestinians are being starved by Jewish people?

GIMME A FUCKING BREAK

MERKEL IS A WHORE

Mon, 01/26/2015 - 15:58 | 5707523 Nobody Important
Nobody Important's picture

"MERKEL IS A WHORE"

Nah! Nobody would be despirate enough to pay for that.

 

Mon, 01/26/2015 - 16:23 | 5707650 walküre
walküre's picture

... and yet, all of Germany is paying for her failed policies.

She is a sellout, selling herself out and selling out Germany.

Mon, 01/26/2015 - 13:35 | 5706845 SpanishGoop
SpanishGoop's picture

"Tsipras's first meeting with a foreign ambassador since being elected Greek PM was with Russia's Andrey Maslov"

Putting the steamkettle on the gas and turn it too high.

 

 

Mon, 01/26/2015 - 13:43 | 5706888 Son of Captain Nemo
Son of Captain Nemo's picture

The only genuine Holocaust in Europe next to Stalin's purges that matter for the history books!

Mon, 01/26/2015 - 18:28 | 5708085 JR
JR's picture

Interesting, Son of Capt. Nemo, that the story of the 6000000 in this TRANS22 documentary begins in 1915 and ends with this news story from the New York Times, dated February 23, 1938, a year and a half before the start of WWII:
Jewish Teachers Chided by Isaacs


A depressing picture of 6,000,000 jews in Central Europe deprived of protection or economic opportunities, slowly dying of starvation, all hope gone, was presented to the teachers by Jacob Tarshis, known to his radio audience as The Lamplighter.  Mr. Tarshis represented the American Jewish Joint Distribution Committee. The Jewish tragedy started when Hitler came into power in 1938, Mr. Tarshis declared. Now anti-Semitism has spread to thirteen European nations, and threatens the very existence of millions of Jews, he said.

The lie in all of these newspaper articles is confirmed by the World Almanac both in 1933 and 1948:

Before and after the "Holocaust": Jewish population numbers in 1933 and 1948

"According to these pages from the World Almanac, the world population of Jews increased between 1933 and 1948 from 15,315,000 to 15,753,000. If the German government under Adolf Hitler had - as is alleged - murdered six million Jews those losses should have been reflected in the Jewish population numbers quoted in the World Almanac.

"The suspicions raised by above numbers concerning the veracity of the allegations made against the Hitler government are confirmed by the official three-volume report by the International Committee of the Red Cross, released 1948 in Geneva, according to which 271,304 concentration camp inmates died in German custody, about half of them Jews. The following article elaborates..."

A Factual Appraisal Of The 'Holocaust' By The Red Cross: The Jews And The Concentration Camps: No Evidence Of Genocide 

The above is chapter nine from the book "Did Six Million Really Die?".

http://www.gnosticliberationfront.com/a_factual_appraisal_of_the_holocaust_by_red_cross.htm#ICRC

And, now, we have this report of censorship from  TheTrans22, 2 months ago : Well people it now seems that action has been taken against my video, my video is now banned in Martinique, Poland, Mayotte, Israel, Italy, Reunion, France, Switzerland, French Guiana, French Polynesia, French Southern Territories, Germany, Saint Pierre and Miquelon, Austria, Netherlands, New Caledonia, Guadeloupe, Czech Republic, Wallis and Futuna.

Mon, 01/26/2015 - 13:47 | 5706899 kikk
kikk's picture

 

 

Angela Merkel arrives at Athens airport and is greeted by a border guard at passport control.

Guard: Name please

Angela: Angela Merkel.

Guard: Occupation ?

Angela: No, just a vacation but we are keeping that option open.

Mon, 01/26/2015 - 13:48 | 5706908 sTls7
sTls7's picture

Bad. lol.

Mon, 01/26/2015 - 13:52 | 5706928 Son of Captain Nemo
Son of Captain Nemo's picture

Guard: Occupation ?

Angela: No, just a vacation but we are keeping that option open.

"."

Mon, 01/26/2015 - 13:55 | 5706932 dexter_morgan
dexter_morgan's picture

Meh, in 'merica who cares? There are more important things going on like what the samsquanch first spouse is wearing and meaningful stuff like that.

Mon, 01/26/2015 - 13:57 | 5706944 Ex Cathedra
Ex Cathedra's picture

Greece should change its name to Goldman Sachs. Then the Reich will offer it a blank check.

Mon, 01/26/2015 - 14:04 | 5706964 sidiji
sidiji's picture

As if he gave a shit about those dead people before he got elected.. so the poor souls not only are dead but being used by this pol to further his career.

 

I really really hope Europe kicks these deadbeat mtfkers out of EU and let them go the way of Cyprus and just dwindle into the insignificance from which they arose

Mon, 01/26/2015 - 14:19 | 5707039 Robert.Paulson
Robert.Paulson's picture

So where is the video: "Hitler realizes Greece voted left." ?

Mon, 01/26/2015 - 14:26 | 5707067 walküre
walküre's picture

no further comment

http://www.thirdreichruins.com/tannenberg1931DE.jpg

1931 - Adolf Hitler (before being Fuhrer) personally commemorates Germany's Fallen of WW1 at Tannenberg

Mon, 01/26/2015 - 15:57 | 5707516 Monty Burns
Monty Burns's picture

Hitler was doomed the day he showed that a country could prosper in the absence of the globalist central banker parasites.

Mon, 01/26/2015 - 14:36 | 5707114 fishwharf
fishwharf's picture

So think of Greece as a low wage family barely scraping by month to month.  They run short of money one month and go to a "payday" lender who charges a usurious interest rate plus fees.  They are unable to pay the loan back the first month and must roll it over resulting in more fees and interest.  After a few months of this they owe the lender more than they earn in a year.

What would you do in their situation? 

Mon, 01/26/2015 - 15:55 | 5707507 Nobody Important
Nobody Important's picture

Bankruptcy of course!

Mon, 01/26/2015 - 16:04 | 5707553 shovelhead
shovelhead's picture

I think I'd shoot the dick who took out the loan because he aint the one who has to pay it.

Mon, 01/26/2015 - 14:38 | 5707120 Bankster Kibble
Bankster Kibble's picture

With this new Greek government, how will the EU get the Russian gas that is going to be piped through Turkey vs Ukraine?  Hmmm, I see some urgent negotiations over transit fees coming up soon.  Maybe Greece can make some cash out of this.

Mon, 01/26/2015 - 14:56 | 5707190 Son of Captain Nemo
Son of Captain Nemo's picture

With this new Greek government, how will the EU get the Russian gas that is going to be piped through Turkey vs Ukraine?

You rang?!!

They won't of course... And they wil have to start a war in order to make "interests" that are splintering out of their sphere of control among the remaining EU members stop before King USD dies the most excruciating death!

 

 

Mon, 01/26/2015 - 14:54 | 5707195 walküre
walküre's picture

how much gas is in Norway, Sweden or Finland?

there's a glut of natgas and pipelines can be built anywhere

German farmers and municipalities have thousands of small anaerobic digesters and feeding back into the grid already

that Russian card is not all that powerful anymore when you factor in the alternatives. Russia isn't stupid to piss off any good paying customers just for spite.

Mon, 01/26/2015 - 17:05 | 5707838 JohninMK
JohninMK's picture

Not a lot of TurkStream gas will end up in Germany, that is the task of NordStream.

Mon, 01/26/2015 - 14:56 | 5707203 tommylicious
tommylicious's picture

the Troika are gonna get it....Greek style.

Mon, 01/26/2015 - 14:58 | 5707205 exartizo
exartizo's picture

...so far Mr. Tsipras is walking the walk.

His stock is advancing by the minute.

Reminding Germany of their transgressions and Greeks of their pain is the move of a chess playing person.

Overtures to Russia is definitely going to win him points with the EU folks.

Hanging out with leftist Spanish groups is expanding his influence.

In short, he is really enjoying turning Europe on it's proverbial ear.

I do sincerely hope those are calculated risks for his sake.

Mon, 01/26/2015 - 15:08 | 5707256 freedom123
freedom123's picture

This how Putin regime kills people in Ukraine and annexed part of it:

http://youtu.be/8dW3W1T6Vcw

This is what russian speaking ukranians think of Putin:

http://youtu.be/4SqpX-l_8Fo

http://youtu.be/x4xHA1Ac2PE

Mon, 01/26/2015 - 16:09 | 5707585 dexter_morgan
dexter_morgan's picture

fuck off already, would you

Mon, 01/26/2015 - 15:09 | 5707260 He_Who Carried ...
He_Who Carried The Sun's picture

Fear of Grexit contagion minimal.

He can throw flowers where he wants and invoke history how it pleases him.

Mon, 01/26/2015 - 15:08 | 5707265 He_Who Carried ...
He_Who Carried The Sun's picture

Fear of Grexit contagion minimal.

He can throw flowers where he wants and invoke history how it pleases him.

Mon, 01/26/2015 - 15:11 | 5707275 The Boognish
The Boognish's picture

You guys just aren't cynical enough. Any good populist despot knows that the first order of buisinees when setting up a new government is to create an enemy to the people, preferably one which you can't really fight and will be there in perpetuity. The US leadership has found the perfect threat to the American way of life in "The War on Terrorism". The Greeks have far too few resources to engage in a conflict like that aren't a target for terrorists anyway. Middle East muslims are saying "Emigrate to Greece, hell no, my bombed out mud hut is Syria is better than that!"

What Greece's new president is doing is setting up his governmental scape goat, and the best way to get that started is to do something outrageous in the hopes that there will be a public response from Germany. It doesn't even have to be a governmental response, just a harshly worded piece in Der Spiegel would be enough. Tsipras can hold the article up at a press confernce and say, "see, the Germans are after us." Then when he turns out to be as corrupt, inept, and foolish as the other politicians, he can just blame Germany.

Mon, 01/26/2015 - 15:28 | 5707350 Undecided
Undecided's picture

Take god out of society and society falls apart.  When a US judge was told to remove the ten commandments from his court room, he said fine,  but don't expect me to judge correctly if you do. Where there is no faith,  individuality, love, law and most emportantly free will only darkness will come.   

 

 

 

 

 

 

Mon, 01/26/2015 - 15:35 | 5707394 Evil Bugeyes
Evil Bugeyes's picture

Syriza has made a lot of promises and I don't see where it is going to get the money to pay for them. So it needs to change the subject and find a way to direct the anger at Germany. Greece is burning its bridges and won't get any more money from the EU. But it is only getting a trickle now, so it really doesn't have much to lose. And it really does need to get away from the euro.

Mon, 01/26/2015 - 18:35 | 5708162 Old Europe Avan...
Old Europe Avant-Garde's picture

They will get the money. As long as the EU wants to keep Greece ("the root of democracy" - or any other propaganda slogan to be added here), the Greek are in the stronger position. They know that whatever the EU says, they finally get the money.

The only interesting part will be how they are going to hide the fact. So there will be no formal debt write off, but something which is essentially the same but called different. So like EC buying their debt, giving them 0% refinancing or whatever. Greece will get the money, count on it!

Mon, 01/26/2015 - 15:49 | 5707486 Monty Burns
Monty Burns's picture

All armies apply reprisal executions when their soldiers get killed by non-uniformed enemies.  Just like spies were hanged in wartime. I personally think it's terrible but it is - or was -  common practice.  In fact the British army had a much higher reprisal ration (1:50) compared to the Germans.

But we must keep then evil evil German meme going..... and the shekels flowing,

Mon, 01/26/2015 - 15:53 | 5707498 Angry Plant
Angry Plant's picture

A completely symbolic and childish act by new PM.

We don't need useless political theatre Greece need calm rational completely cold blooded action.

Start with defualting on all goverment debt then leave Euro.

Calling current Germans Nazi's isn't going to accomplish anything in 2015 except make them hate you.

Mon, 01/26/2015 - 16:08 | 5707575 dexter_morgan
dexter_morgan's picture

But isn't that the essence of socialists? Form over function, symbolism over reality?

Mon, 01/26/2015 - 16:19 | 5707635 shovelhead
shovelhead's picture

I'm gonna guess that pushing on the absolutely breathtakingly monstrous teetering edifice of debt derivatives ain't exactly gonna win you a box at the Brussels Opera House.

Mon, 01/26/2015 - 16:26 | 5707664 walküre
walküre's picture

Correct, but he did make that gesture. Childish? I don't think so. He's got an agenda.

None of the German news outlets have picked this up by the way... and for good reason, I imagine.

But the story cannot be surpressed for much longer.

This is a BIG DEAL.

Mon, 01/26/2015 - 17:49 | 5707996 tsuki
tsuki's picture

Deutsche Wirtschafts Nachrichten did, complete with pictures.

He has an agenda.  That is to replace the perception of the EU and replace it with the German.  That does not sound lucid, but I believe that in a time, the average Greek will begin to think of the EU as German, the House of Glucksburg, the Swiss Banks that hid the gold, art and antiquities that the Germans stole.  He is gambling.

Mon, 01/26/2015 - 16:18 | 5707634 dexter_morgan
Mon, 01/26/2015 - 16:22 | 5707636 Victory_Garden
Victory_Garden's picture

The Rothschilds’ satanic global power play:

https://www.intellihub.com/rothschilds-satanic-global-power-play/

Mon, 01/26/2015 - 16:54 | 5707789 dexter_morgan
dexter_morgan's picture

wow - that should keep the TFH'ers busy for a while.....

Mon, 01/26/2015 - 16:35 | 5707695 walküre
walküre's picture

75 years of indoctrination in Germany.

The result is that a majority of Germans getting their news from BILD

Check out bild.de for today's headlines

http://www.bild.de/

top news

"Who will save the campers from their hunger in JUNGLE FEVER?"

"David Hasselhoff - rescue swimmer in Helsinki"

"How Putin drills the kids for war!"

"Iran visit - Why are you visiting a Jew hater Mrs. Roth?"

"Soccer - Quatar" .. the neverending story

and sex on cruise ships, sex and more sex, sex, sex

********************

According to Bild, Germans are oversexed and want more sex. Germans are critical with everyone who just looks at Jews the wrong way and of course Germans are very very concerned about Putin, PUTIN, PUTIN!!!

BILD FUCK OFF

DIE ALREADY ALL THE SPRINGER SCUM

70 years of INDOCTRINATION AND FALSE INFORMATION, PROPAGANDA - Germany deserves better!

Quite obvious that the cabal is running the show in Germany.

Pro Jewish propaganda 24/7 and since Jews are the most beklemmt and obscene people on the planet, the porn industry flourishes.

Mon, 01/26/2015 - 17:19 | 5707892 Salsipuedes
Salsipuedes's picture

Stimmt schon mein Herr. 

Tue, 01/27/2015 - 04:18 | 5709669 22winmag
22winmag's picture

Auslanders raus?

Mon, 01/26/2015 - 16:34 | 5707696 HardlyZero
HardlyZero's picture

OK. Every modern fiat based economy has been doin' it.  Both/all sides have taken "their" turn at printn' it.

Fiat is eventually going to zero, but what happens Next in the near term ?

Grexit before fiat collapse; before Portugal, or Spain, or Italy exits.

What other exits will occur soon ?

Ukraine war probably concurrent with all this mess.

Dismal outlooks for interesting times.

Mon, 01/26/2015 - 16:36 | 5707710 Remington IV
Remington IV's picture

Greece ---- falling further and further into the toilet

Mon, 01/26/2015 - 16:53 | 5707778 Nussi34
Nussi34's picture

Looks they killes the worng ones

Mon, 01/26/2015 - 17:16 | 5707869 Salsipuedes
Salsipuedes's picture

Awfongoolo is Greek? Here we say "chupe se la verga!"

Mon, 01/26/2015 - 17:34 | 5707948 luna_man
luna_man's picture

 

 

The NERVE of this young whipper-snapper!...i like it

Mon, 01/26/2015 - 18:03 | 5708029 Clowns on Acid
Clowns on Acid's picture

Its the natural progresio of things.... buckle up.

Mon, 01/26/2015 - 18:11 | 5708061 Peter Pan
Peter Pan's picture

Perhaps a fairer way of calculating German war compensation would be to calculate what percentage of GDP those lossess were back in 1945 and then pay an amount based on Greece's present day GDP.

Now that he has honoured the dead I hope he can honour the living who are holding on by the skin of their teeth.

 

Mon, 01/26/2015 - 18:28 | 5708132 Old Europe Avan...
Old Europe Avant-Garde's picture

This men is an absolute professional!

His to be finance minister gave an interview in which he told a french newspaper that "whatever the Germans say, at the end they are always going to pay". He is absolute correct. You can count on German politicians always wanting to play nice, be a good European citizen and putting the interest of Germany last.

So visiting this place is a clever move, because it hits home on the weak point of German politics: the fear to be perceived Nazi. So this is a nice psychological play and the only audience for this theater is Merkel.

Lets sit back and see how they will bent over to Greece presuming they don't.

Mon, 01/26/2015 - 18:30 | 5708140 Bazza McKenzie
Bazza McKenzie's picture

The first thing Tsipiras did after the election was form a coalition not with another leftist party but with one on the right adamantly opposed to the EU bailout of European banks paid for by Greek citizens.  He created a coalition that has no common purpose except to get the EU/ECB and the bankers off the necks of the people of Greece, a coalition that would immediately fall apart if he was going to act like his predecessors in bowing to the EU.

Then, in his first public act, he lays a wreath at a shrine for Greeks executed by Germany.  He does this at a time when he is busy assembling his government and its programs.  This was no casual, meaningless outing.  It was a calculated statement.

His first diplomatic meeting is not with an EU ambassador but with the Russian ambassador.

Actions speak louder than words and his actions are about starting the process of repudiating the debt.  Despite the hysterical comments from some commentators here, he has to go about that carefully.  He needs to put in place currency mechanisms Greece can quickly use if Draghi attempts to pull the rug out from under him and bankrupt Greek banks.  He would prefer to have the EU ultimately agree to the repudiation, or most of it, and have Greece stay in the EU.  But he probably understands that is unlikely and he needs to carry the country with him, so he is laying the groundwork.

Greece currently would balance its budget except for its interest payments on borrowings.  It does not need to borrow, except to keep rolling over all that government debt.  If the debt is repudiated, Greece does not need German money, which does not flow to the ordinary people.

In his choice of coalition partner Tsipirashas burned his bridges.  He will not, and now cannot, roll over to the EU like his predecessors.  Greece will now make things very interesting in Europe.

Mon, 01/26/2015 - 18:39 | 5708178 Old Europe Avan...
Old Europe Avant-Garde's picture

I agree on the deliberate act part, but disagree on the EU not giving the money.

The EU will bent over once again and give them the money. As long as the EU wants to keep them, the Greek are in a stronger position. The Greek know it, bank on it and the past 8 years are proof of it.

The to be finance minister even said "Whatever the Germans say, at the end they will pay". Bingo.

Mon, 01/26/2015 - 19:03 | 5708278 Bazza McKenzie
Bazza McKenzie's picture

The EU/Germany may pay up, but Tsipiras really has them between the proverbial rock and hard place.

The EU/Germany could probably afford a large write down of the debt (50%, say $100B) but the IMF will almost certainly decline any write down (bad precedent), if it comes out of the ECB's debt holdings the ECB is totally bankrupt, so calls on all its shareholders.  That leaves it up to the Northern European countries, mainly Germany but Holland, Finland etc to absorb.  That will be a very tough sell at home.

But of course then Spain, Portugal, Ireland, Italy all pop up saying "what about us?"  And if they are told to get lost then that guarantees at the next election in each country the victor will be a party promising to reject the debt.

Germany and the EU might cope with Greece on its own, though it would be terribly unpopular with voters in the countries paying.  But add in the flow on and it is impossible for them.

Mon, 01/26/2015 - 19:34 | 5708385 Old Europe Avan...
Old Europe Avant-Garde's picture

True, but German voters are willing to endure anything.

After all there are no political alternatives. Merkel's CDU is already as conservative as it is politicial correct in the country. The social democrats (SPD) will be even more willing to give the money, so the German constitution has no alternatives at polls unless they start to vote for radicals which they will not do given WWII. So count on German politicials to get through with anything at home.

Also given the 60B per month the EC just announced, I would assume this will pay for some kicking the can down the road. Also don't forget the ESM which also has some hundreds of billions ready if needed. So unless there is no way out, the EC will continue with bailing all the PIIGS out.

Mon, 01/26/2015 - 23:39 | 5709231 hedgiex
hedgiex's picture

C'mon economic conditions will be OK. Euro's value will hang on to Germany's economic performance. PIIGS in the peripherals will continue to be collateral damages for the greater good of EC.

PIIGS are just too indebted to be freed from the vises of fiercer Predators and shall in substance be colonies. More smokes and mirrors shall be devised to ensure the preys do not see traps.

Yes, popular uprisings and social upheaveals shall gather momentum much to the delights of the Predators to accentuate distressed situations for their continuing feasts.

 

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