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Europe Fractures: France "Prepared To Support Greece" In Debt Renegotiations
Despite Angela Merkel's insistence on numerous occasions this past week that there will be "no debt renegotiations," it appears a schism at the core of Europe is opening. As France24 reports, following a meeting between France's finance minister Michel Sapin and Greece's finance minister Yanis Varoufakis, the press conference had a considerably more amicable tone that Friday's Dijsselbloem dissing. "France is more than prepared to support Greece," Sapin said adding that Greece’s efforts to renegotiate were "legitimate." Sapin urged a "new contract between Greece and its partners."
France’s Socialist government offered support Sunday for Greece’s efforts to renegotiate debt for its huge bailout plan, amid renewed fears about Europe’s economic stability.
The backing was a victory for Greek Finance Minister Yanis Varoufakis, holding talks with European officials to push for new conditions on debt from creditors who rescued Greece’s economy to save the shared euro currency. Worries have mounted that Greece’s new far left government might not pay back its debts.
Varoufakis is also visiting London and Rome – and said Sunday that he would visit Berlin. The German government has been particularly angry at the new Greek government’s position and bluntly rejected suggestions that Greece should be forgiven part of its rescue loans.
Varoufakis insisted that Greece wants to pay the money back, but said he wants new terms and new negotiating partners, arguing that “it’s not worth” discussing with the so-called “troika” of creditors who set the strict terms for Greece’s rescue.
France’s Socialist leadership, whose president has campaigned against austerity, presented itself Sunday as a possible mediator between Greece and creditors.
French Finance Minister Michel Sapin insisted his country wouldn’t support canceling the debt, but offered support for a new timeframe or terms.
“France is more than prepared to support Greece,” Sapin said after meeting Varoufakis, saying Greece’s efforts to renegotiate were “legitimate.” Sapin urged a “new contract between Greece and its partners.”
* * *
Perhaps Merkel should remember her nation's own history?
Marina Prentoulis, a senior lecturer at the University of East Anglia and Syriza’s London spokesman, said that Europe’s austerity drive had left an entire generation in Greece with “no future”.
"We are not going to enforce the austerity programmes, what we call the memoranda, it created a huge humanitarian crisis, she said. People have been working all their lives and their pensions have been slashed to 40pc," she told the BBC's Andrew Marr Show.
"We have huge unemployment – 27pc. And 60pc for young people. This means that they have created a generation that has effectively no future. They have destroyed any employment rights. So this has to stop. This programme Syriza has pledged is not going to be enforced any more."
Angela Merkel, the German Chancellor, has ruled-out cancelling more of Greece's national debt, which has climbed to more than 175pc of gross domestic product (GDP). However, Ms Prentoulis said Germany should "remember it’s own history".
"In 1953 a big part of the German debt was written off and then the repayments were associated with growth. This is what Syriza is asking for Greece as well," she said.
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European Dis-Union once again!!!
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Fuck ALL countries, they are just ways of dividing people into manageable herds, with the added advantage that they can then be persuaded to fight each other instead of the real enemy, The Banksters.
Another thing....
better to think with your brain than your balls.
Quit with the prick teasing and DEFAULT
Bullish statement, gotta get the futures green pretty soon.
The eruo in its current form cannot go on much longer. Germany should either join a northern Euro or go back to the mark. Either way they are going to loose the race to the bottom!
If the people that are running Greece think they can live in an EBT county using their Merkel phones I think they might be in for a shock
Damn right France wants a deal. Anything to keep Marine Le Pen out of the Élysée.
The continent is ripe for a historically bloody war.
Given that 1/2 of Europe is on the verge of cornholing the Hun, me thinks you are on to something.
"In 1953 a big part of the German debt was written off and then the repayments were associated with growth. This is what Syriza is asking for Greece as well"
Gee I wonder why? Excessive debt from war reparations had a direct influence on the outcomes of 1938. Me thinks the spendthrift ways of PIIGS + France are a bit different.
Let's just send Lloyd Blankfein down there to sort things out!
Sincerely,
Big Loser, Vegas
You haven't reported that Sapin said that there would be no debt write-down. This is the key.
You also haven't reported that despite 2.5 years of preparing for this election, SYRIZA has still not defined a plan for managing the debt, and is requesting ECB funding to keep Greek banks afloat for 3-4 months while it develops such a plan.
No Eurozone creditor, and certainly not the ECB or IMF, have agreed to a debt write-down. The rest will be cosmetic adjustments to loan maturity, a small interest rate reduction, and probably shifting the EUR 50 bln HFSF loans off the government books. No real difference in daily operations.
They want to bailout Greece so that the banks have more time to steal Greek assets with shit counterfeit Euros and corrupt and paid for politicians and courts.
-_-. . .
Greek people should tell the Euro to go fuck itself and take their shit back from these fucking bankers who do nothing but sit on their ass and counterfeit money so that they can go buy Greek Island paradises on the backs of European Tax-Payers.
When you can't pay your bank back, and your bank keeps calling you up to give you more loans . . . that is the very definition of predatory lending and fraud.
All the Greek loans were fraudulent from the Get-Go and as such all contracts are Null and Voidable.
The entire point of joining an Economic union and using the same currency is so that trade barriers fall.
But what the ECB has done is impoversh and endebt some nations while other nations benefited as "creditors".
What kind of "partnership" makes one party a debtor and another party the creditor? when both parties are supposed to be in business together?
Thats like me making a contract with you to print our own currency together and participate in trade, but then me backstabbing you and telling you that you owe me money . . . doesn't make a whole lot of sense, and thats why the Euro is SHIT and thats why it is failing, because it was a scam designed to fail from the Get-Go.... it was all about tricking nations into thinking that they were part of some mutually beneficial partnership, while really it was all about one nation stealing the REAL ASSETS of the other nations (Germany stealing from Greece) for example.
The Greek people got practically NOTHING for the Euros that were lent into their economy.... they did not get anything that they did not have before... in fact GREECE WAS BETTER OFF WITH THE DRACHMAS.
Under Drachmas
-every greek had their own house, land, food and farms
-every greek didn't really pay any taxes, the entire idea of "taxes" was almsot a foreign concept in greece
-No Greeks were really in - debt
Under Euros
-Greece is in debt
-The Greek government became 10x fold more corrupt
-All the Greeks are unemployed and buying their own farm goods from GERMAN SUPER MARKETS (Olive oil is extracted in greece, sent to germany bottled, and then sold back to Greeks at inflated prices in GERMAN SUPER MARKETS THAT EMPLOY GERMANS.
-GREEK TAXES ARE BEING INTRODUCED ON THINGS THAT WERE NEVER TAXED BEFORE, MY AUNT IN GREECE GOT A TAX BILL FOR "NOT MAKING ENOUGH MONEY" thats exactly what the tax officials told her, my family there owns a farm, but there is no money to be made because of draconian sanctions preventing Greeks from exporting their farm goods to anywhere but where the Europeans tell them.
They try and play it off like "greece borrowed money and owes it back", when almost 100% of the money that was lent to Greece went right back to the perported Lender . . . because the people funneling money to greece were only doing it to launder it back to themselves . . . the European banks are all corrupt in Greece they were pushing Greece into debt to make them and their German friends richer . . .while pushing propaganda in Germany that Greeks are lazy and in debt . . . when really its German/British banking interests committing fraud to defraud Greece and European tax payers.
Name one god-damned thing that Greece got out of the Euro system that was a net positive without 10 net negatives attached to it?
Greece didn't borrow SHIT, German/European corrupt assholes in key positions borrowed and stole all the money and bought mansions and greek island to party on and then shifted the bill on Greeks and Euro Tax Payers
There are only line 11Million something people in Greece . . . 600 Billion Euros loaned to 11 million people, shit everyone in Greece should have a fucking Island Paradise on the fucking moon for that kind of scratch, but all they got was 300 Euros a month for about 2 million old people for about 5 years and 65% unemployement rate for people under the age of 28.
This is Nothing short of attempted GENOCIDE ,THE ECB IS DESTROYING THE ABILITY OF YOUNG GREEKS TO START A LIFE AND FORGE FAMILIES IN GREECE.
Amen- sing it brother
Looks like Norway did the right thing for not wanting to be in the EU, let alone be a part of the Eurozone. Their oil money would have almost certainly gone to bailing out Greece and the rest of the PIIGS.
Iceland looks smart for withdrawing their EU application too.
Now they just need to tell the rest of the Nordic countries to pack their bags and get out of the EU.
"I would say that in my scientific and philosophical work, my main concern has been with understanding the nature of reality in general and of consciousness in particular as a coherent whole, which is never static or complete but which is an unending process of movement and unfoldment...."
(David Bohm: Wholeness and the Implicate Order)
any questions?
Holonomic theories don't account for the fact of the existence of "reaction times" in the hundreds of msecs. At best, they proffer a theoretical consciousness in which the measurable passage of time in connections between nerves doesn't matter, which means subjective experience/qualia doesn't matter, which means the theory is about something - but it is not about consciousness.
French Finance Minister Michel Sapin insisted his country wouldn’t support canceling the debt
Angela Merkel, the German Chancellor, has ruled-out cancelling more of Greece's national debt
Varoufakis insisted that Greece wants to pay the money back
So, it seems they are all in agreement after all. 1+1+1 usually equals three. Now they just have to work out the details. Phew, crisis averted.
Debt cancellation is not the issue as it can be kicked over a period of 30 years, provided interest rates are kept in line say with inflation not with money markets. (which means that no private banks inside the loop. Ecb deals direct with sovereign bonds).
If the period is LONg and the interest is small, its Present Value is lightened. Thats what inflation does too!
Its equivalent to debt write off !
Thats what Greece wants. But MORE than that Greece wants Eurobonding!
No more banksta hanky panky inside the sovereign LOOP !
Hot diggity dog. Now end the sanctions against Russia.
Greece is a decent gold producer. They could nationalize the gold mines and back the drachma with gold. See paragraph 8 of this article.
http://www.globalresearch.ca/greece-meaningful-economic-reforms-could-co...
That could work, except the gold isn't worth anything, until it is dug out of the ground. Who's going to do the digging?
Unemployed Greek youth with picks and shovels LOL
That big thing blocking out the light at the other end of the tunnel, is the uninended consequences train. And it's coming toward us balls to the wall.
lDriving that train, high on cocaine,
Casey Jones you better, watch your speed.
Trouble ahead, trouble behind,
And you know that notion just crossed my mind.
A revealing indicator of France's own economic situation.
Sage advise..... https://www.youtube.com/watch?v=Zvl9N9GdraQ
Hahaha, Mutti's foxtrot with Draghi is now getting contagious, as France wants to salsa with Varoufakis...
Half in half out, France loves round abouts. In fact there are more round abouts on french roads than British roads.
And it was imported into France from those disciplined Brits to temper gallic indiscipline at traffic lights!
I think that France wants to push Mutti to full blown financial euro bonding. Its always been their position.
Then bank disciplining could well begin !
Right now the banks are the go betweens between ECB and Sovereigns. With Eurobonding they would be OUT of the loop. Then banks would be bled by bail in without compromising sovereigns.
Voilà Mutti ....
Fuck 1953. There's no comparison of current times to post-nazi Germany. Crazy talk.
Ironic isn't it, that all this banking manipulation is what Hitler was trying to stop in the first place, after declaring bank interest immoral. Then amazingly, Judea declares war on Germany and Poland massacres innocent Germans, which is why Hitler went in and trounced Poland. No, I didn't get that from the history channel or CNN.
The ECB will let the bank of Greece QE away part of the debt if they play ball. Along with other adjustments they will initially agree.
The big thing would be a large EU spending package .. That helps Southern Europe.
Lots of unemploye angry your people in developed countries spells trouble if they don't get things moving soon 5ys of contraction here comes the spending QE / inflation
no matter what....at the end i hope we ll be able to buy cheap
greek girls on the market!!
http://www.xvideos.com/video3245096/anal_with_greek_girl_olga
And what does France have to say about this latest announcement from the Commander-in-Chimp of the United States of America!
Your President just admitted to treason through his favorite mouthpiece CNN!!!
Wake up France!... Wake up Germany!..., Wake up Netherlands... Wake up Spain!... Wake up Italy... Wake up England!...
Wake the fuck up America!!!
The magic negro knows the sheeple don't give a fuck. He's comfortable with treason. Cunt
It's not Treason if he is not a US Citizen.
Just sayin'
Right you are... but it was treason to knowingly promote a person not qualified... so the Demopublicans need a little guillotine training. Yes?
Keep playing that race card, bitchez! When the next U.S. president comes along and behaves in exactly the same way, you dumb, race baiting 'Muricans (Fuck Yeah!) will stop caring if she is white. You'll still be fucked though because you are not in the club.
Where exactly did all this "Bail Out Money" come from. My guess it was all printed out of thin air. Since it was the IMF and ECB and others who "Loaned" the money. It is the same in the USA and around the world. The banks and the central banks create currency (mistakenly thought to be "money") and loan it out when there is really not deposits from bank customers. It is all in an effort to make the people of countries debt slaves and control them. I would like to see Tyler or someone else expond upon this.
What's the rush. Germany didn't make its last reparations payment per the Treaty of Versailles until October of 2010.
http://abcnews.go.com/International/germany-makes-final-reparation-payme...
Yes thin air $. Meanwhile Russia buys Uber amounts of Gold
Make no mistake. The governments in Spain, Italy, France are fighting for their very survival. With or without GREXIT they might be doomed. For Greece the best outcome would be the one that is presently hardly mentioned: GREXIT plus Drachme2 plus refusal to repay 100% of the euro debt. The country could have a fresh start with no debt, new government and no reason to participate in the Russian sanctions any longer what costs their farmers dearly. Goldmann Sachs will not like it. Merkel will not like it. And the EU buerocrats will hate it knowing this is going to fold their tent in Bruxelles. Hence the GREXIT option has been labeled not viable and suicidal for the Greeks. If you take the propaganda away it remains the preferrable option.
Ouch, but bound to happen, the EU became too big
debts nominated in exactly what?
bullshit from thin air? no?
yes.
houston, we have a pricing problem.
Putin takes all of EU without firing a bullet? When the soclaist and communist and facist start working together you know the end is near
allegro non presto
BTW: Today is the day Russia wanted France to either deliver the Mistral or refund Russia's money for the carriers.
My guess is Russia is not too disappointed with the French announcement, n'est ce pas?
Stirring up the past to take on more debt.
France's finance minister Michel Sapin can fuck right off!!!!
After Greek debts are restructured then France wants next. All the good socialists.
It's kinda like the Maidan of the EU.
"live by the coup. die by the coup"
"After Greek debts are restructured then France wants next. All the good socialists."
Yes, but you and I and EVERY banker on earth should know this.
These countries are high risk but they sell bonds at 1%?
Does this make the solcialists stupid or the morons who lend to them?
Squid
DIVIDE AND CONQUER
Lessons learned watching the Great Zero except this guy is freeing people instead of enslaving them....
Divide And Conquer could be defeated straight away if people would just turn off that god damned Electronic Synagogue (called a TeeVee) that's hanging from their living room wall.
Well fancy that..France now want`s to help Greece! sort out their problems,wonder why? Then again has it somthing to do with French banks, being the biggest loan providers since Greece became a member of the community allso contributed a 1Billion Franc loan towards the budget of Greece when they joined the community with a little help from GS
There is socialism, communism, capitalism and alcoholism.
The first three in their purest forms are as bad as the last one.
Seriously? You are kidding, right?
----
YOU ARE DECADES TOO LATE.
They already been there, done that. Game over.
For quite a while now, the only choice has been slavery or guillotines.
PERIOD.
Here's an idea, lets ALL not pay our debts!
Debt is evil anyway, especially since we have spent all the money.
If only there was a religious ideology that backed up this idea of Usury being sinful. It would really help if this religion or ideology was familiar to us already.
Also, we will need a group, say a religious/ethnic group we could pin the results of our lack of self control on.
If anyone has an idea about a group we could scapegoat, perhaps a group that has been traditionally scapegoated when it comes to "Central Banking" and usury, let me know.
Because we spent all the money. And we don't want to pay it back.
The Devil made us do it.
small problem with your plan..all that debt is my retirement plan. Even though The Evil Bankers™ may have negitiated to loans the principle came from ordinary people. Killing all the bankers will not get the world their money back because as you point out ...it is already spent.
Oversimplified. Those who convert their fiat, fake, fraud, fiction, fantasy, fractional-reserve non-wealth into real, physical goods (like gold, silver, platinum and so forth) EARLY get to KEEP all their wealth.
On this specific topic, SHEEP LOSE.
what about this case? selling bonds and cutting out the bankers?
Let's say a certain country borrows, let say $18 trill, and spends it on, say 20 aircraft carriers. And when it's time to pay the interest on the $18 trill, it borrows moar to pay the suckers who loaned them the money in the first place.
That country could always print the interest payment in the basement of the Fed. But the peeps would know they were printing their way out of a deficit enroute to Nirvanah.
And that isn't kosher. Just ask Yellen and Fischer.
They're the resident experts on kosher money.
"Here's an idea, lets ALL not pay our debts!"
If the party that lent you the money KNEW that you could not repay, which Germany knew about Greece because Germans can add, then the loan is effectively a gift. Germany loaned the money anyway because it made it possible for the Greeks to buy German "stuff".
They should and will default. They can't pay it back full stop. Anyone who can add knows that. The Germans should have known better but then, investing in a bond is an investment and that invovles sue diligence which appears to be soarly lacking here.
If you want an end to ZIRP, pray the Greeks default. Risk will then FINALLY get put back into bond prices and everyone will learn a good lesson.
Squid
Translation (from the French) oink oink, gimme some o dat good good free (German) monies...slobber slobber. We ain't had no luck begging by ourselves, maybe if enough of us dreamers and schemers beg they'll give in.
Turkey Allowing Terrorists To Launch A Direct Threat On Public Television Against All Western Tourists, Foreign Companies And Embassies, Saying That They Have Until February 11 To Leave Or They Will Be Killedhttp://shoebat.com/2015/02/01/watch-terrifying-clip-showing-turkey-allow...
Nobody likes the Germans.
Hey, nobody likes Americans either.
Bollocks.
They do the worlds best Beer, Sausage and Engines.
Excellent news day. Without France there is no EU.
And the French so warmly embraced the idea of "Austerity"
http://www.tradingeconomics.com/france/government-spending
All...Western...Nations...Must...Save...Their...Free...Shit...Voting...Armies
LOL
God bless the F--KING, OH excuse my FRENCH!!!!!!LOL
And the bullshit never ends:
There is all the difference in the world between "debt" that was imposed at the point of a gun and debt that was freely entered into.
Worries have mounted that Greece’s new far left government might not pay back its debts.
Worries have mounted that Greece’s new far left government might rid itself of the yoke of debt slavery.
FIFY MSM.