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Caught On Tape: Dijsselbloem To Varoufakis: "You Just Killed The Troika"
Amid 'turmoiling' stock markets on Friday, CNBC's Simon Hobbs summed up the status quo's thinking on the new Greek leadership when he noted, somewhat angrily and shocked, "The Greeks are not even trying to reassure the markets," seeming to have entirely forgotten (and who can blame him in this new normal the world has been force-fed for 6 years) that political leaders are elected for the good of the people (by the people) not for the markets. Yesterday saw the clearest example yet of Europe's anger that the Greeks may choose their own path as opposed to following the EU's non-sovereign leadership's demands when the most uncomfortable moment ever caught on tape - the moment when Eurogroup chief Jeroen Dijsselbloem (he of the "template" foot in mouth disease) stood up at the end of the EU-Greece press conference, awkwardly shook hands with Greece's new finance minister, and whispered..."you have just killed the Troika," to which Varoufakis responded... "wow!"
As Keep Talking Greece reports,
The joint press conference was concluding, when Greek Finance Minister Yanis Varoufakis droped a last bombshell. “…and with this if you want – and according to European Parliament – flimsily-constructed committee we have no aim to cooperate. Thank you.” Varoufakis was referring to the famous Troika, the country’s official creditors consisting of the European Union, the International Monetary Fund and the European Central Bank..
After concluding with a “Thank you” Varoufakis gives the word to Eurogroup Chief Jeroen Dijsselbloem, who wants to hear the translation first. Then he takes off the ear phones, he stands up and sets to leave. An enforced-looking shaking of hands delays the departure of the Dutch FinMin.
Dijsselbloem quickly whispers something to Varoufakis’ ear, he briefly replies back and the Eurogroup chief leaves the press conference hall as soon as it was possible.
Video: the Awkward Greek-Eurogroup Moment
The whole afternoon, Greek and international media were trying to find out “What the hell did they two men said to each other!?”
Private Mega TV reported short before 9 pm on Friday.
Eurogroup chief whispered to Greek FinMin’s ear “You just killed the Troika” and that Varoufakis replied with a simple “WOW!”
Dijsselbloem: Whisper…whisper…
Varoufakis: Whisper….
Dijsselbloom slides his hand away
Back remains Varoufakis with one palm open and the left hand stuck in his pocket – relaxed Greek style
The two men talk for a couple of minutes with lips hidden from the cameras.
Dijsselbloem leaves without turning back to watch his interlocutor.
I don’t quite understand why Dijsselbloem is sour. I’m sure that Varoufakis told him the same things when they had their 2-hour face-to-face talks.
Unless they were talking about Gouda and Feta and the Greek FinMin surprised him when he said at the press conference, that the Greek government will not negotiate with the Troika.
And furthermore, why is he offended? He is chief of the Eurogroup, he does not represent the Troika…
Most probably he was expecting a Yes-Man behavior like in the past with HOHOHO-jocker Jean-Claude Juncker, when he was Eurogroup head.
Juncker – FinMin Venizelos
Juncker – Spanish FinMin
* * *
Later that evening Yanis Varoufakis gave an excellent more in depth interview with BBC's Newsnight... to explain why Greece will not accept more debt from the EU...
* * *
One final thought - how long before this chart converges?
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a good bluff
That BBC interview tells you exactly how unbiased and objective BBC really is. ZERO POINT ZERO OBJECTIVE REPORTING.
http://www.keeptalkinggreece.com/wp-content/uploads/2015/01/varoufakis-d...
Live long and prosper.
Interesting times.
Mr. Panos: "I have a message from the Helenic people."
https://www.youtube.com/watch?v=Zvl9N9GdraQ
that was fuckin brilliant, spellbound! i'm about to watch that again...so funny and so goddam true.
That's the best video I've watched in months.
Greece holds all the cards. The EU needs to write off or drastically reduce Greece's debt, even in light of the moral hazard looming from Protugal, Spain, Italy and others. Otherwise, Greece will leave the Eurozone and join Russia and China's Customs Union, issue and devalue drachmas until its economy begins to recover. Good luck trying to sell Daimlers, BMWs, Audis and Volkswagens in Greece.
People make mistakes but politicians can really Varoufakis up.
i hope to god they(Greece) screw the ECB, Troika and others so hard that they will have no asshole left to screw/...
DEFAULT!
Greece itself is not relevant. What is relevant is what a "bad example" set by Greece could set in motion in the large members. The populists in Italy and Spain are salivating at this opportunity. No doubt Brussels is ready to play ball with the commies in Greece, at least for now.
I hope the commies will bankroll Greece.
As payback for being the bagholders in Cyprus.
What goes around comes around, you shit sucking EU fucktard asswipes.
Fuck the Troika. Questions?
The "business casual" Greek's the Eurocrat in public. I love it!
Personally, I'd be wearing rubber surgical gloves before shaking any Eurotrash hands...
very impressed with the new greek fin min.
this Varoufakis cat knows the score...he's dangerous. dieselbomb settled on stale mate; he saw check coming and coming fast. internationalist bankers know their position is indefensible when cornered by a clever mind...i saw fear in the eyes of the dieselbomb, and i liked it.
(p.s. minister V, it is permissible to be 'regionalist' and at the same time anti-'ultra'-nationalist -- these two concepts are not incompatible. people cannot be all things; even so, they can be a bit more than they presently are)
janus
I too am impressed with him - speaks like a humanist. I wonder how long he lasts before he is "found in bed with a horse."
Is DieselBoom trying to give the guy Ebola?
Not fair fight. Dijsselbloem is a feather weight. Agricultural economist with no real economic experience compared to the FinMin of Greece. I always wondered why he was appointed. Actually I do know: the Dutch always get the shitty jobs that no one really wants to do because countries don't want to burn their hands. So they give it to the Dutch (the bigger of the smallest countries) so it makes them feel like they are part of the big club. We Dutch call this "getting the chestnuts out of the fire for someone else"
The paradox of this all is that despite its small size and small population the country is actually doing pretty well although of course a lot of that is build on debt but who isn't?
German FinMin btw said when Dijsselbloem went to Greece: "he has no mandate". As to get the message across that it are the Germans that call the shots.
Is anyone else having trouble with this site. Half the time it stops responding. Comments take forever to type. The above video kept cutting out. At one point my screen went crazy and computer shut d
Not at all... You're just being paran
BUZZZZ CLICK! FLATLINE...................
Did I just steal your joke and make virtual money off of it?
It's God's work I'm tellin' ya!
(See below - If I'm right: Ha! Ha! Ha! Thanks sucker! Sue me! If I'm wrong you deserve your ratings. Capiche?)
The poor Greeks were forced to retire earlier than they wanted to, with pensions out of poportion to their work. Those mean Germans.
Debt based money is showing some of it's flaws. Most Greeks, Americans, etc... want more from their Government than their willing to fund. Fuck the lazy bastards.
Actually your comment has some merritt. I agree the Greeks have squandered vast national treasures.
I also agree, that a large percentage of Americans would serve better purpose as batteries for the matrix.
In your infinite WISDOM, how would you propose weaning these neuvo troglodytes of their addiction?
Could someone please slap that British homo midget named Simon.
Up arrowed you for your name - fucking awesome in a nightmarish sort of way.
Who is this bitch Simon anyways?
Bullshit! The ONLY time a "guest" gets to beat up the interviewer on a mainstream network (& they run the clip) is when they are running a reverse psy-ops game. (Reference Norm Olson resigns on CNN - sorry I could not find a link). The rest is acting and the Eurogroup chief plays his part well.
Searemployee is most likely right! Sorry my brethren, this is scripted.
I remember Michigan Militia "leader" - Olson - beat up on two CNN talking heads when he proffered his resignation. Recently, he and his ASSUREDLY Fed-agent sidekick Ray Southwell were infiltrating Alaskan politics.
Cheap islands when the SHTF is about right.
Greeks; you gave birth to it. It's up to you to destroy it. Democracy.
BBC British Bullshit Company. "They're good at what they do!"
Propaganda.
Wow, Is this Greek FinMin for real?
Very refreshing to see a real politician representing people's interest.
He is also brilliant enough to handle a threatening interviewer, representing the Money Mafia. He must probably be ready to die. So.... wow.
I still see many are jealous of Greeks ability to borrow and not willing to pay back. Here in the Great USA we bomb people to get more loans. Like you know how we bombed Libya to take over their Gold and billions in cash. Or when we instigated revolution in Ukraine to gettheir Gold. Or like we "fucked the EU" to ensure they dare not ask back their Gold.
By the way, Greek's ability to borrow also comes from our Great Goldman Sach.
So .... USA, USA, USA. everyone wants to follow the Great USA. nice try. lets see if it works for the Greeks.
If it sounds too good to be true ...
No doubt he's more flexible after the election. lol - Feint within a feint and all. GREXIT was a given and priced-in no doubt.
Step up you the MORON to down vote. State your claim or STFU.
Isn't it apparent that the "derivative bubble" collapse is the next biggest MMO??
We know this leads to Nazi/zionistas' hegemony right?
Party On - popcorn and all - bitchezz.
First Iceland then Greece. Who's next to join? Let's do this shit!
Spain!
Italy, Portugal, Slovakoa, France....
I am watching Austria also.
Russia-China-BRICS alliance will welcome one newcomer.I guess the EU never did get their hands on the Greek gold.
Seems kind of scripted to me, but time will tell.
Iceland.....always brings this song to mind for some reason for me...
https://www.youtube.com/watch?v=rjJ4MKE0TM0
Ah ah
we come from the land of the ice and snow
from the midnight sun where the hot springs flow.
the hammer of the gods
will drive our ships to new lands
to fight the horde singing and crying:
valhalla i am coming!
on we sweep with threshing oar
our only goal will be the western shore.
ah ah
we come from the land of the ice and snow
from the midnight sun where the hot springs flow.
how soft your fields so green,
can whisper tales of gore,
of how we calmed the tides of war.
we are your overlords.
on we sweep with threshing oar,
our only goal will be the western shore.
so now you'd better stop and rebuild all your ruins,
for peace and trust can win the day
despite of all your losing.
It won't be long before the global media and troika are accusing the Greek leadership of being anti-Semitic. They'll also push them not the Russian camp. Might even drop hints that they're nazis. This is going to get ugly.
The CIA will reactivate operation gladio.
Yes, but they will have plenty of cookies to eat and NGO money. They had best start checking passports for Academi employees.
National Holiday declared on Q99X2 in honor of the day Varoufakis gave the troika the big one.
I wish this has a happy ending...but I don't think so.
In the end they will strike a deal. Both sides will compromise and carry on with the (shit) show.
The EZ is like the fucking roach motel--you get in but you never get out.
He caved already
back to work sheeple
Greeks: Hey, we thought tis was a finance meeting.
EU: It is, but the General is here to activate JATO if you refuse to sign...
For several years I have read this quote on zh:
HOW DO YOU SAY THAT IN GREEK, MOTHERFUCK?
3'rd party intermediaries can pose a problem. TROIKA
Easily explained by Mr. Panos..... https://www.youtube.com/watch?v=Zvl9N9GdraQ
ooops
Greece's pension and health funds were literally looted, first by the government then by the PSI haircuts. There's nothing left. Tsipras/Varoufakis need to buy a little time. They need to win the country's solid backing. People are skeptical of them right now. If they go after cronies on the Lagarde list, if they jail some oligarchs for the shit they've done, then the people will have faith in them. They will have overwhelming support. Reform the justice system and bureaucracy, get the land registry up and running. These things need to be done first. Then they'll be in better position to tell EU to fuck off.
My local newspaper says the Greek PM promises to pay the debt. Somebody is lying.
Is that presenter a dude?
A fucking ugly dude. I just read that there are speech therapists whose speciality is to train trannies who have had the snip done to speak like females. That bitch needs to sign up fast.
what a statist, status quo CUNT this interviewer is!
this guy is fucking awesome! I hope its real.. and they carry it out! this guy is a greek ron paul.. but with more balls imho
Sorry by Ron Paul never had the Power to make these decisions but did talk about doing it. He was not accepted even within the Rebublician Party which still seems to tow a similar line as many say there is no difference from either of the two Political Choices the USA has. Maybe 2016 will offer hope, only to get no air time in the controlled media so unable to get the message out. Only if it get very messy will regret happen......oh so late.
"The Rothschilds, and that class of money-lenders of whom they are the representatives and agents -- men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest -- stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved." by: Lysander Spooner
(1808-1887) Political theorist, activist, abolitionist Source: "No Treason #6" (1870)
I'm definitely drunk. You look 20 years your Junior, and retired "politcal professor" looking for solace.
Welcome to the club highwaytoserfdom
Wait. Justice will always be served.
I could not listen to more than one half of the wierd interview by the blond brit. I am really tired of bad journalists.
He should have shut her up by saying one thing:
"We are giving Europe the opportunity to see what Spain and Italy are going to do with them, so they can solve the issue while relatively small."
Global financial mafia starts a new war on Greece
The Greek gov'ts public posturing is all fine and well for their public, but the Greek economy is a shambles.Syriza's band of Marxists have no flowering economic activities in which they can deflower in order to spread the wealth. The question is whether the German gov't in particular will further fund wealth redistribution. In the end, I wouldn't be surprised if the US TaxPayer will get further raped and backstops Greece and the EU.
Exactly, and so it will be, e.g. the Commonwealth (Canada / HRH) gets POTUS $4.4 BILLION helos for 3%. (2009).
Which is NWO plan for goyim - spread Babylonian Talmud law and take the NWO into the open - Satan spawn.
Greek side show but false hope for wannabe goyim.
No worries Jebidiah Bush will fix everything after he gets elected. Tweek here, tweek there nad the world economy will be good as gold
Jeb Skywalker: I must fight you, Vader!
Vader: Look, Jeb, I am your father!
George Soros?
It is high time someone represented the bottom 95% of the population in the policital and financial circles. Unelected representatives of the rich and elite dominate the ECB troika which dictate policies which solely benefit their sponsors. The working population of Greece should not pay the price of irresponsible lending by financial institutions and wasteful expenditure of their politicians. They should show the finger to the ECB which will cause a lot of short term pain but would be good for the people in the long run.
http://www.marketoracle.co.uk/Article40231.html
Let's hope the contagion spreads across the Atlantic.
Ohhhhh este vato! Young and naive the young greek is. Ruthless gangsters the troika are. Purchased yourself one way tickets to beat down city you have. Patient and observant the young spaniards should be. Cocked and loaded nail guns the Death Star has. Shitgum wounds your future may hold. Yoda this is someza bitchez!
We need to recruit a GLOBAL NAIL GUN ARMY.
-> I didn't understand a word they where saying
-> I blindly trust zerohedge
I'd give all that have to punch that BBC tool in the cunt.
"The Greeks are not even trying to reassure the markets,"
ordinary people in Greece could not care less about the markets
they own no stocks
Said the Greek man to the Dutch in passing "Let me slip in here behind you."
Recent political victory, wry grin vs. look of consternation, Greek attitudes towards Troika, towards Dutch men...
Pretty well sums it all up.
"The European Central Bank pulled the QE (quantitative easing) trigger at its meeting on January 22nd. Never mind that such an action explicitly violates article 104 of the Maastricht treaty (article 123 of the Treaty for the Functioning of the European Union):
“Overdraft facilities or any other type of credit facility with the ECB or with the central banks of the Member States (hereinafter referred to as ‘national central banks’) in favour of Community institutions or bodies, central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of Member States shall be prohibited, as shall the purchase directly from them by the ECB or national central banks of debt instruments.”
Some would say this still allows the ECB to purchase sovereign debt on the secondary market. This was clarified in 1993 by a council resolution (number 3603) and in a 2010 convergence report adding clarification to the resolution:
“the prohibition includes any financing of the public sector’s obligations vis-à-vis third parties.”
This makes it crystal clear that any QE to purchase government bonds, direct or indirect, violates EU rules."
The illusion of Uruppean Demokracy, like its diseased Mercan kousin is an illusion that no longer functions. Time to rupture the globalist cabal and get back to independent sovereign gold backed currency. If the Troika is dead then let's bury the globalist banksters and political whores who cobbled it together.
Haha, serfs, we at the EU have a pen and phone just like Chalky.
Greece should cancel any intergovernmental agreement they have with the USA and its FATCA nazi regime that prevents Americans from opening bank accounts all around the world. Furthermore Greece should offer protection to American "persons" all around the world and let them bring their millions to Greece and live in peace. 7 million expats around the world are looking for a country, like Serbia, that has the balls to tell FATCA to fuck off
Attn expat Americans ....you should be visiting the Isaac Brock Society web site for daily updates on your persecution by the USA and its puppet cowardly banks in Europe and other countries
Well, that was easy. If that's all it took to kill the Troika then why did it take so long? What do we have to do to kill the NWO Mothership, call them out, too, and tell them we won't play their game either?
I think Elija Muhammed's Mothership should attack the NWO Mothership.
And yet, today, we're hearing Greece is doing 180* turnaround and damange control...promising to repay everybody http://www.bloomberg.com/news/articles/2015-01-31/tsipras-says-greece-to-repay-ecb-imf-reach-deal-with-eu
so what did they accomplish except to blow up their market and banks and create untold damage to their capital base...when at the end of they day, they will do what has always been inevitable. For those with short memories, Samaras was elected on the same promises...and he had to face reality as well when he entered office. So far, all I see are a bunch of naive idealists being taught a very expensive lesson, and if they dont wise up soon they will literally put their country back in the dark ages. It's easy to dis other people and call them names...but you dont make friends that way and Greece now more than ever needs friends.
IMO, the new Greek finance minister is a naive bafoon full of himself who has already demonstrated his inability to operate diplomatically at the international/EU level, which is critically important at this time....but then he dosnt have much experience outside of working for a computer game company...
We may not like the EU, but it is a 22 T economy and we may laugh at the bumbling bureaucrats but they are trying to do something historically very hard, bringing together a bunch of disparate peoples who have for millenia been trying to kill each other.
Ring
Hello?
Is Athens Burning?
As ordered, Fuhrer.
When a country defaults on its debt - does it then attract new capital? It depends on what real assets it has available.
When GM went belly up it hit the reset button - it still had the ability to produce cars and trucks.
When Enron blew up it was pretty much over - no real assets.
Is Greece GM or Enron?
If it can default then borrow -- default and start to borrow again.
If it can't borrow after defaulting -- default and then begin the starvation.
Can the Greek government even maintain the current standard of living that many claim is "austerity" if they can't borrow billions per year? Doesn't look like it to me.
all price--greece is no enron. the cure is the death of debt. jubilee for the people NOT THE BANKs.
all euro denominated debt must be wiped out..for each person each family, but the result will be the end of some banks..is that too high a price?
Since they have not paid back any of their debt - and have borrowed the money to pay the interest as it came due -
What real impact does this outstanding debt have on the country?
Put it like this -
Over the last XX years
They have not been paying anything towards the principal or interest --
Writing off the current debt will do what exactly?
NOTHING - they are not paying it now - defaulting on it doesn't make one bit of difference to how their real economy operates.
What am I missing?
Say a homeowner has not made a single mortgage payment for 20 years - but has just borrowed the money needed to pay interest - and also borrowed more money to buy food.
You write off the mortgage - what difference does it make to them?
Will you still keep loaning the homeowner money to buy food?
Yes, it is a crazy system run by maniacs. The Greeks are about to show the Emperor Has No Clothes.
So the EU BS artists can print money to save the banks , in fact , I know that only the Italian zombie banks borrowed ober 200 billion euros at 1% . The EU has no intention of writing off the Greek debt that cannot be possibly be re-paid . Greece would be riduced to slavery for many decades ..... That's an Inhuman policy of the EU ..... Sarcasm here , why not introduce debt passed on to the children and outright slavery based on debt .. ? But big corporations can apply for bankrupcy protection under the law ...... General Motors , Chrysler an many others did . Why not Greece ? And then there is the Fraud of the FIAT money with the interest to be paid to those that prints the toilet paper called , 10 , 20 , 50, 100, 500 dollars or euro . The interest factor is adding insult to injury !
My view is that The members of the Troika shoudl have a bounty over their head : dead or alive , they are modern day financial terrorists without the Khalashnikov . The same applies to the current idiots in charge ot the EU Titanic !
Branwashed Ass ---les starting from Frau Merkel . They are traitors , I have not forgotten the sabotage of the South Stream .
I wouldn't shake that motherfucker's hand, who knows where it has been?
I'm liking this Greek guy, I suspect a coup any day now. The banksters won't take this lying down. There are already "terrorists in Greece" stories popping up. Don't put anything past these motherfuckers.
Let’s face it, Greece cooked the books to join the Euro, and once in, went on a spending frenzy while enjoying favorable interest rates courtesy of the Euro Zone. How on earth can one rack up 175% of BNP in debt in just a few years? Tax evasion is a national sport, corruption and nepotism are widespread. As the saying goes, ”You get the government you deserve”
Do I dare to say, that the Greek are not very productive and always find someone else to blame for their predicament other than themselves. Watching this new finance minister, again an expat, who teaches kids in Texas about economics is a babbling idiot. I was looking for a more flattering description of his performance to date, but was not able to. His command of the English language is pretty good, I give him that. However, he beats around the bush when asked a question that necessitates a straight answer. Being a politician for only 4 days, he got that down pat as well. See, it’s not all negative I have to say about him. I don’t know what Varoufakis said during the press conference with Dijsselbloem as it was in Greek. Clearly, Dijsselbloem was not amused going by the body language. Dijsselbloem is the head of the Euro Zone finance ministers, but also the Dutch finance minister. The Netherlands is into this Greek fiasco for almost 8 billion Euros. Of course…., he’s concerned as he has to explain this debacle to his parliament and ultimately to the Dutch tax payers. It does not help when Dijsselbloem’s Greek counterpart is clearly disrespectful being dressed like a high school teacher and his smug stance. The Greek may applaud this, but this has been seen all over the world, and it did not do them any favors.
The new Greek government appears to be on track with the systemic parasitic Greek attitude; don’t blame us, someone else caused our mishap and sorry that you have to take it up the rear-end again. Indeed, the Greek are very nice and polite people even when they stab you in the back. One would think that the rest of Europe would have learned their lesson by now.
325 billion Euros should buy the creditors some Greek real estate when they default on their loans. I would not recommend the Acropolis, like the rest of Greece, it’s falling apart and is of need of major repairs.
The cradle of democracy turned into thievery and deceit.
Have a nice day Greece!
not bad for 18 hours on ZH, ok, come on, who were you before you were EPL?
it seems its time for fresh faces (sic) all round!
Looks like you don't recognize a "fresh face" when you see one. I'm a newbie!
Okay, this got posted twice for some reason. I believe I made my point.
wow. just wow.