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Putin Pivots Back: Russia Confirms Willingness To Provide Financial Aid To Greece
We suggested the Greek pivot from Europe to Russia was building previously, and now, we get confirmation from Russia's finance minister Anton Siluanov that the pivot could be mutual, who told CNBC in the interview below:
- *RUSSIA WOULD WEIGH FINANCE FOR GREECE IF ASKED, SILUANOV: CNBC
With fire and brimstone spewing from Germany over the potential for Greece to veto any and everything, it seems Russia may just have stymied Europe's leverage over the newly democratic nation.
* * *
Recall that a German central banker warned of dire problems should the new government call the country's aid program into question, jeopardizing funding for the banks.
"That would have fatal consequences for Greece’s financial system. Greek banks would then lose their access to central bank money," Bundesbank board member Joachim Nagel told Handelsblatt newspaper.
Well, maybe...
Unless of course Greece finds a new, alternative source of funding, one that has nothing to do with the establishmentarian IMF, whose "bailouts" are merely a smokescreen to implement pro-western policies and to allow the rapid liquidation of any "bailed out" society.
An alternative such as the BRIC Bank for example. Recall that the "BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks
* * *
It appears, in Russia, Greece has found another possible friend...
Siluanov: "if such a petition [for financial aid] is submitted to The Russian Government, we will definitely consider it"
So once again, it appears as if all the leverage is. much to the shock and humiliation of Brussels, back in Tsipras' hands.
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In what currency?
Putin is dumping dollars as fast as he can.
Tsipras will accept rubles?
I'd gladly accept the loan in physical gold.
https://www.youtube.com/watch?v=yloaBw80fV4
Tsipras will not even dare to think to repo greek gold with roubles.
He'd go straight to jail after army uprising
I think Victoria Nuland said it best..
LOL ... RUSSIA Backdooring Into Greece...
Well, at least the EU and State has western Ukraine and the Nazi's.
..a bunghole if there ever was one.
I need ! I need!
Greece could end up being richer than the eu. No stay on our team to be extorted! No over here! Pay to stay, pay to go.
Makes you wish you were a country.
Déjà vu? Remember this from December 2013.
"Ukrainian Dream Comes True" : reduced interest payments, new orders for industry, investment in infrastructure, jobs, economic security.
http://orientalreview.org/2013/12/23/ukrainian-dream-comes-true/
I honestly don't understand how Russia can afford to help Greece financially, beyond a token amount. But, then again I am not a statesman nor privy to all of the information that Putin sees.
Nevertheless, this is getting interesting.
Resistance is NOT futile!
ONE country, TWO currencies.
Russia supplies Rubles, wheat, and Greek produced (but Russian purchased) olive oil and wine.
Special subsidized shops and bakeries sell to the poor bread, wheat, olive oil and wine - PRICED IN RUBLES. The rubles being previously provided by Russia and handed out as charity to the poor people. That way the poorest unemployed get bread, olive oil and wine with Russian labels on it AND the ordinary people get used to handling Rubles in their everyday life. It does break any EU rules because it is all provided FREE - as charitable relief of extreme poverty.
Nothing like a glass of wine and some bread with olive oil to sink your worldy troubles.
Russia could supply surplus oil from Iran from the goods for oil deal that was struck with Iran last year, maybe deferred payment. I am sure Russian tourists would flock to Greece in their thousands rather than spend their rubles in other ungrateful EU countries.
No.
The oil from Iran is sanctions quota limited. It can only be refined in Russia, it can't be re-exported.
It does however free up an equal amount of Russia mined oil which is not embargoed for export.
+1.
Heavily disounted Iranian oil, gas transit fees starting in a couple of years, a heavily devalued Drachma, and a brief brutal recession and you've got the start of a solution for Greece.
Also, I question whether much more than 'token' assistance will be required once Greece's Odious Debt and oil imports are removed from the equation.
The Greeks are an expensive mistress to have, I suspect the Russians must have backing of the Chinese on it. Perhaps the Greeks will take a more friendly line on Chinese economic issues involving the EU. The Chinese have the capital, I dont think the Russians do.
No way to be certain but the Chinese can't be happy about the sudden port of Piraeus contract cancelation.
As for Greece being an expensive mistress, the Russians are not stupid. They have followed the circus closely over the past few years.
Yes, Russia really cannot afford to help Greece too much. This reminds when Iceland's banking industry was in deep do do some years ago and were desperate for a bailout from the EU and West. Then some Icelandic politician said, "We may let the Russians setup an airbase in Iceland." Most rational folks in the West correctly thought it was just the politicians trying to lever the West. Same thing with the Greeks. They will say and do whatever they can do renogiate the terms of their debt. Stringing out their debts payments another 20+ years into years 2075 and beyond and then relaxing the very strict gov't budget spending rules will help save Greece from going into the dark ages.
what a bunch of fucktards here, claiming that Russia cannot do this or that, go polish your knob, maybe you KNOW how to do that?
russia cannot do this. or that. theyz broke.
http://rt.com/business/227315-russia-ruble-oil-economy/
If Russia is broke, with their Billions of US$ reserves, without even considering their gold. Then how would you describe the financial state of the US economy with their 18+ trill national debt
"We're Number One?"
I honestly don't understand how the US keeps selling their debt. $17 Trillion in debt and they keep issuing more?! But, then again, I'm not a central banker.
I too have a hard time with the complexity and paradoxes.
Cases in point:
Could the U.S. Become the Unrivaled Superpower Again? Charles Hugh Smith
http://www.oftwominds.com/blogjan15/superpower-US1-15.html
Understanding what propels the World Economy is mandatory to comprehend its Demise - Martin Armstronghttp://armstrongeconomics.com/2015/01/28/understanding-what-propels-the-...
The Paradox of Inflation/Deflationhttp://armstrongeconomics.com/2015/01/29/the-paradox-of-inflationdeflation/
Help us out ZH'rs
Thank You.
Is this what European politics is all about, barons in the same neighborhood swapping one deadbeat customer (Ukraine) for another deadbeat (Greece)?
Royal waste of blood, sweat, tears, and treasure.
I don't know why you got the DV's because there are significant similarities between Greece and Ukraine. Both: either had or will have huge gas lines transiting their territory, have relationships with Russia & the EU that are in flux, and are in need of external financing. I'll be very interested to see how chessmaster Putin handles Greece to avoid the situation you allude to.
Man, this shit is fascinating!!
Zionist Banking Oligarchy Controlled Putin is correct saying that Zionist Oligarchy Ocupied & Controlled Ukraine is a Nazi state. The same is going for their masters in Israel.
PS
1. Holly shit, how stupid ZH posters are or may be they working for RT?
2. Financially and economically broke Russia will save Greece? You can put two turkeys together but they will not fly like an eagle.
What about that third turkey: Turkey? NATO is going off the rails on a crazy train!
I've heard the opinion expressed that Greece was only ever brought into EU to preclude it falling under Russian influence.
This is why they were allowed in even though everyone knew their national financial statements were completely doctored to make then appear compliant with EU norms.
If my first sentence is correct, the intrigue is just beginning.
Diversification? Excellent Med. location, and pre-existing port infrastructure, so providing greater "warm water port" diversity?
Something's afoot, and I'd not be surprised if this "something" has been planned for a long time.
I vaguely remember some financial squids helping Greece cook the books to ease joining EU.
This goes back to the post World War 2 Greek Civil War of 1945-1949 when the Greek Communists (backed by the Soviets/East Bloc) were defeated. The Greeks (and the Turks) then joined NATO in 1952 and then the EU came decades later.
Reminds me of an old Albanian guy I befriended. He fought the communists on the border unarmed, they would roll boulders and throw rocks in the woods to mess em up - true story. Rock on!
"We're going to Greece, Reggie!"
"Why, Munchkins?"
"Russian dick. Lots of it!"
Crap show...
Goldman Sachs Goes Greek on Greece
Touché for the clever double entendre.
Well, the EU has basically made Greece fuck their friends, why the hell not see what Russia has to offer?
And have them do it while they still have any property left.
Banksters are certainly not going to like someone pissing on their cheerios, especially with EU entering another depressionary phase.
pods
Paul Craig Roberts weighs in, in his typical insightful and prescient manner:
http://www.paulcraigroberts.org/2015/01/29/democracy-dead-west-paul-crai...
Thanks! The news has been flowing so hot and heavy I forgot to check back in with the man, PCR . . .
Greeks are actually committing suicide, because Greeks cannot provide for themselves in the depressed conditions that the EU and the private banks have created for them for no other reason than that the private banks must not have to write down the loans.
When you finally get to the point where you decide there is no hope and your own life is worthless, BE SURE YOU SHOOT THE RIGHT PEOPLE.
Exactly. I am amazed that nobody has taken out any of the Goldman Sachs and JPM banksters.
I can't think of more deserving people who deserve to be shot.
Why the Islamic extremist are blowing up innocent citizens and Isis mercenaries are chopping of the heads of average people, proves that they are controlled by Brussels and tel aviv! Extremist provide the neocon with the funding and this caliphate is creating an oil pipe line path pure and simple.
If Isis was truly free to act they would focus on the 1% worldwide and the world would change overnight! Efficiency 101?
We live in a brainwashed, jewfucked world where we believe that ISIS is really an islamic extremist group who wants to kill everyone EXCEPT the people they should want to kill the most.
What about recent surge in banksters' deaths? May the process already started? Hm...
Greece and Russia have been kindred spirits for a long time..
@manthong,
that was the only smart thing she ever belched.
The funding is defiintely an issue but even if BRICS Dev Bank was sending Dollars to Greece to keep them afloat. Does anyone really think the strings to that money from BRICS are any loser or different than IMF conditions? Chinese are never forgiving any debts.
You are logic would appear to be constrained by the funding currencies you are limiting yourself too (and I'm not referring to roubles), and the value that central banks attach to currency generally. Banks (and particularly central banks) excel at manipulating f/x, the more control they have over the cross-currency, the easier the manipulation. It's not about forgiving debts, it's simply CapEx (or OpEx if you prefer the "cost of doing business" oversimplification) for higher level strategery. And yes, various BRICS are offering substantially preferable terms to the IMF right now, in at least on case I am personally familiar with- over 1000bps better.
Abd so the SCO grows stronger .
Chinese do not accept debt payment in dollars, only in natural resources
To the Chinese money is a means to and end, not and end itself. There are things far more valuable then money.
Chinese lent out dollars and get paid in oil and minerals.
From Venezuel they get paid in oil. From Kenya they get pain in minerals.
They don't accept dollar payback, only resources
How about being paid with strategic positioning and access? Favorable trade and investment opportunities, instead of just plundering?
Now wait.
Are you saying that a mass murderer like Putin is a realiable partner?
LOLOLOLOLOLOLOLOLOLOLOLO
OK troll, who has Putin mass murdered? You sound like you belong on Yahoo message boards.
Putin has murdered close to 20 millions real Slavic Russians. During the time Putin was in power, Russian population was reduced by over 20 millions. It is more than Russian people lost during the WW2. There is a demographic catastrophe in Russia. It is expected that Russia population will fall below 100 millions in the next 10 years.
You Putin's groupies are really disgusting.
caconhma bleated:
Do you just make up these fantasies as you go or are you reading from a script?
Wrong. Russia has the highest birth rate in Europe. The only developed countries in the world with a higher birth rate are Australia, New Zealand, and Iceland. Russia also has a higher total fertility rate than most of Europe.
Wrong. Even without Crimea's return, Russia's population is 144 million and is slowly but steadily growing.
Unlike caconhma, I will gladly provide a source for my claims:
http://russia-insider.com/en/2015/01/13/2354
You fappars and your lies are really disgusting. What is it that compels you to vomit such drivel?
Don't confuse them with facts. Those haters live in Fantasy Land. Let them be for now. Awaikening will be rougth.
"Putin has murdered close to 20 million real Slavic Russians.."
caconhma-you are either a fool or a troll, neither of whom is interesting even one tiny bit.
OK troll, who has Putin mass murdered? You sound like you belong on Yahoo message boards.
Maybe you should add up the death toll in the ME, just in this century, then come back and let's have a little discussion about mass murder.
Do you have any idea who the biggest arms merchant in the world is?
Ask Madeleine Albright
The Chinese want Piräus Terminals as a means to control entry into European markets. The Cosco deal was basically down to the signature of Greece.
What good is Piräus Terminal if Europe will put an embargo on goods shipped from Greece?
Like you said, Chinese want repayment in resources. I would add strategic services to that. But Chinese had a deal lined up with last government and the EU blessing of the sale.
Now what? The terminal is useless if the borders between Greece and EU go up again.
Money walks: prospect, http://www.clingendael.nl/sites/default/files/2014%20-%20Chinese%20inves...
The news we see is just smoke and mirrors
Now there's an idea...let the Greeks pay back their loans in olive oil and Ouzo. What do they owe? Like 350 billion or something?
I imagine you could lube up and intoxicate the entire continent, for months on end...Gonna need a really big warehouse...
If they default and embrace the East, they start with a fresh slate. That is what bankruptcy is. Greece has no hope of EVER repaying those debts. Don't you get it?
I KNOW that...it was a JOKE! Ha Ha!
Of course they can't pay it back. One doesn't need a degree in economics to figure that out. My DENTIST could have told them that. And he's an idiot.
Sorry, I didn't catch the sarcasm in your post.
No, my bad...I should have used the sarc tag thingy...:-)
The Chinese work different than the angloamericans. They use debt constructively. They'll offer to help build something, but they get a cut of the action. Tit for tat. They conquer economically.
Monopoly money is not POWER. Geopolitics & Political relationships are worth more. Not to mention the ports, planned transit routes and the energy reserves of the future.
In X years the decaying US will have limited outreach.
I see Turkey as a convenient third party in this situation and it would be a big poke in the eye for the EU.....
Next, the EU can wait in line for decades to become second-class citizens of Turkey.
Rubles for rubble.
Such a bahgain.
I've already suggested that Greece should adopt the ruble for their currency. Russia can absorb the printing costs.
Ruble readily exchangable for turnips and cabbages.
The approved Senate Sanctions Bill against Iran is nothing more than a back door Sanctions Bill against Russia who continues make agreements to sell Natural Gas / Oil out side of the Criminal Fruad UNITED STATES, CORP. INC. Petro Dollar. Trade agreement with Gold via the BRICS, Iran & now Greece.
The De Dollarization away from the Criminal US grip of Soverign countries is coming to an end.
Picture this. Putin / Russia is already selling Natural Gas Oil & perchasing massive amounts of Gold with US Petro Dollars.
The BRICS have agreed & are setting up its own Credit rating Agency & central banking system.
China is no longer buying worthless US Bonds / Treasuries. Now imagine the following scenario. Russia / China dump Criminal Fraud UNITED STARES, CORP. INC. Asset Holdings & Treasuries.
Now the Criminal Fed can print & buy up those Assest Holdings. However, they cannot print foreign currencies & buy up those Trillions of Criminal Fraud UNITED STATES, CORP. INC. Fiat Dollars which will flood our shores & collapse the Ponzi Scheme.
Viola
The US (and UK) used to print counterfeit German Marks during WWII ...... I guess they could print fake rubles and yuan to disrupt things.
As far as I can see, WWIII is already underway .... all tactics in play except full on kinetic war (aka air, land and sea battles between the major powers ... and Nukes)
In what currency?
oil
A probable scenario is that Putin will loan from China, and then lend to Greece. Becoming China's junior partner isn't in Russia's long-term interests, to be sure, but if Putin remains unwilling to back down in Ukraine, he may not have much of an alternative.
dum dum dum da da dummm
Zorba the Greek?
Sergeant Joe Friday, the piasano.
https://www.youtube.com/watch?feature=player_embedded&x-yt-ts=1422503916...
I like the stupid politicians chanting through the whole speech like children sticking their fingers in their ears and saying, "I can't here you!" over and over. Pretty much the same thing most people in the West have been doing since Day One of this whole mess.
...and one 'Latvian' guy in the corner chanting, "I hate Russia, give me potato!"
"give me potato, I make you wodka!"
Colored blue and shipped in Windex containers? I luf dis Country!
gimme 30 pounds & I can get u thru a chunk of the winter.
gimme gimme gimme and i tell you who is american
IRONIC :D
LATVIA PLUNGES INTO DEMOGRAPHIC CRISIS AS POPULATION HITS NEW LOW
http://sputniknews.com/europe/20150128/1017462371.html
Guess our resident latvian troll should spend more time creating Latvians than writing crap from behind a keyboard.
Good grief, just realized I was so disturbed by the video that I misspelled the word "hear." That doesn't happen too often.
That speech should have its own "front page" post on ZH.
I think we have more of the story now, that Walter (RIP) Crankcase, CIA Operative, no longer has control of the News.
And here's proof they're not lying about the date. Uploaded in Ukrainian 20/11/2013
https://www.youtube.com/watch?v=CNsGqePNrFg
nice shiny russian warships at europes belly
Greece has some harbors and airfields to "privatize".
France's delivery costs may have just been cut in half.
Winning!
Interesting thought, there, when resource trades are considered . . . doesn't Greece still have a strong shipbuilding industry?
It all shut down.
I don't think they pay taxes though...but I could be wrong about that. I thought I read something about the shipping industry being international and so not paying taxes to the Greek government...
Can anyone straighten me out about this?
I'm sure Putin is really excited by the idea of converting rubles into euros or liquidating his dollar reserves to pay European creditors who currently believe they're never gonna see that money again.
The German banks would be thrilled!
Maybe he would like to have the Skouries gold shipped to Moscow instead of the LBMA.
http://www.eldoradogold.com/assets/europe/projects/skouries/
What Russia is trying to do here looks a lot like the (failed) Hunter Strategy from the now bankrupt Swissair Group: buy up half bankrupt and loss making airlines and think you can form an alliance that way. See also: http://en.wikipedia.org/wiki/Swissair#Hunter_Strategy
Are you worried about Russia becoming insolvent and bankrupt like the US and EU?
No. Russia will remain just bankrupt Russia.
Except they can share a bottle or their vodka under the bridge with bankrupt Greece.
Don't forget Iceland, and any other country that is done with taking orders from sodomite Yale scum.
You think the price of oil will stay low permanently (like US ZIRP)? The largest country on the planet with more than a quarter of Earth's resources and sufficient military forces to safeguard it vs aging bankrupt empire sitting on a mountain of unpayable debt and pretending all is just swell. Day will come when confidence trick stops working and no matter how much financial engineering is tried, mirage will lift and US will take it's proper place in the long line of failed states. So drinking vodka under the bridge might be in YOUR future.
Greece can provide some really sweet havens for all kinds of Russian ships and airplanes and great vacation spots for Russian People.
Especially the vacations. Right on.
Gas transit fees will provide good steady income for Greece when Europe (which does not have a choice in the matter after blowing the South Stream) will start receiving gas from Turkey/Greece border. Very sweat deal. Russia can finance or build necessary infrastructure in Greece and help maintain it while Greece can do what it does best - provide hospitality services for tourists and enjoy nice easy southern lifestyle. After being pushed to the brink and living in misery for several years, Greeks will be fools to reject a way out of the current situation.
What part of default don't you understand?
If the EU pushes back, Russia will simply say -- pay for your oil and gas in Euros, which we can send to Greece. Remember, the Russian oligarchs are not saviors or Santa Claus here -- they and Putin will extract value from Greece -- Perhaps even an unofficial Russian Navy base in a NATO country?
Who needs Cyprus when you can have the whole Aegean?
Or perhaps entire Europe.
Oil & gas in Euros would send the Euro to stratosphere and crush the Dollar. Why would that be a bad thing for Europe? The US MIC would be mobilizing a war so fast in Europe, you barely have time to read the draft notice.
Germany would tank much faster then it is now and all that euro debt would instantly become unservisable, all the eurozone would become as unemployable as the people of Greece.
So here is a question for the group:
Who leaves next?
1. Spain
2. Portugal
3. Italy
4. Another EU country.
Draft notice.....now that is some funny shit right there.
I wish .gov would try to draft citizens for a new banker war. We put an end to that in the 60's & early 70's before there was even an Internet. Didn't even have fax machines. "Hell no, we won't go" would be the rallying cry again. The MIC got away with it in Viet Nam for a while, as it took some time for the population to really wake up to how wrong it was.
It wouldn't take 2 days for the domestic political heat to to bear down on the local politicians so hot their hair would catch fire. Why do you think we have a mercenary army now?
Draft notice.....HaHaHa.
45 million recipients of EBT and SNAP make for potentially good canon fodder. Among them, I'm sure MIC could pick the "cream" of the crop. Single Mom's with 8 kids from 8 fathers could get a medal after all.
Putin is half as clever as he thinks he is. The Russian economy is doing badly now. It will be even worse after trying to support a few million Greeks who think they have a God given right to exist at the expense of others with no need to produce what they consume. Putin may look good now but an expensive Greek anchor around his neck will eventually sink him.
Then the EU should be happy about the prospect of Grexit, but for some reason that's being painted as an even worse scenario.
Nope. Russia won't sink. They have a plan, and they are good planners. They can do this, because the west has different reasons and ambitions than the Russians do. Every rouble to Greece will do 1.2 roubles worth of work. They are not slothful and wasteful and destructive like the western banks. Putin is twice as clever as you think he is....
You are Naive in the extreme - there are more ways to manage Greece than adding debt endlessly and starving the people
What do you think they're paying with now? Shekels?
It´s been a long time that a day has not been so much fun...
The propoganda value is priceless.
The screwin you get for the screwin ya got. US playin wid Cuba well how about Russia in Greece.
Fidel: "I don't want anything from these IMF Criminals. Next thing you know, they will own our sugar crop!"
Priceless!
Priceless - Obama fighting Mrs. Watanabe.
And just the right amount of golf club - neither too much nor too little.
The Putin 'wink' - priceless.
Putin's gonna be the one to slice it, I bet!
You dropped a point, good guy's wear white bad guy's black...
Or, hidden agenda, cue www.youtube.com/watch?v=NzlG28B-R8Y
edit* Crap, my bad, the bad guy winked, so he is good.........
An off topic question: I remember reading about a proposed israeli/zionist geopolitical theory in which the author advocated perpetuating constant strife in the middle east. A divide and conquer strategy if you will. What is the name of this particular theory / politiking?
Obola Foreign Policy.
The Yinon Plan:
http://www.informationclearinghouse.info/pdf/The%20Zionist%20Plan%20for%...
That's the one. Thanks.
Cabal Caliphate?
Psychopathic Succubus Strategy?
just call him duke ferdinopolis.
So Europe trades away Greece to Russia, and gets Ukraine in return? They are both pretty worthless properties. If Europe and Russia were smart, they would get China to take both of them.
"worthless properties"
useless inane comment
why so many eager to take away then? even with killings..
Giving financial aid to Greece is better than giving it to silly Junta in Kiev . China should jump-in also !
MAKE EU SQUEAL .
chinese generally don't care for butt sex. that's a western bro thing, a vestige of the trademark of the british empire, the buggerer kings with their courtesans and viceroys.
So, we throw Greece out of the EU and tell them to sell their olive oil to Russia. Is the Russian working man going to be happy letting the Greeks retire at 50 with 13 pension checks a year? And more gimmies to the Greeks to lay in the sun while they shiver in the Artic Cicle pulling oil out of the ground.
They will use Greece as a military post. They can PIVOT forces to europe or middle east
"The Greek, Russian, and PRC Flags flew together today, as a new, super Port and Airbase was turned over to the SCO. The SCO now has a Dagger pointed at the underbelly of Europe..."
Naval... Naval! Predominantly Merchant Navy.
stupid people monkeys on a little blue marble
Selling oilve oil to Russia is better than selling it to Italy to blend as Italian which is how stupid West Europeans buy Greel olive oil
Hey,Krauts, how do you like being nothing more than Pawns in the Anglo-Zionist Financial Dictatorship?
They still making you feel guilty for exterminated Jews? The Zionists sacrificed those people. Besides, what goes unreported are all the Other people killed by the SS! Who speaks for them???
"Who speaks for them??? "
good question