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Back To Square One: Germany Throws Up All Over Varoufakis Proposal, Calls Greek Plan "Half-Baked"

Tyler Durden's picture




 

If there was any confusion how Germany would react to the latest Greek plan, even though as we explicitly stated yesterday, the "new" Greek plan is really the "old" Greek plan but repackaged semantically for appeal to German taxpayers, even as the proposal to involve Europe's public entities in a distressed debt restructuring is a non-starter, all confusion can be now abandoned following remarks by Merkel's ally Kauder in which he not only called the Greek debt plan "half-baked" saying he will no longer respond to new proposals from Athens "every day", but making it clear that there will be no renegotiation of the existing bailout proposal saying "we have agreements with Greece and not with a government - and these agreements have to be adhered to."

From Bloomberg:

  • Volker Kauder, the caucus leader for Chancellor Angela Merkel’s Christian Democratic-led bloc in German parliament, calls Greek debt recommendation “half-baked” demands a refrain from new proposals “every day.”
  • "We’re not going to play this game,” Kauder tells reporters in Berlin ahead of CDU/CSU caucus meeting. “I’m not ready to comment on half-baked plans every day. The fact remains that we have agreements with Greece and not with a government -- and these agreements have to be adhered to.”
  • Greek Prime Minister Alexis Tsipras’s new government has a right to make proposals, though must bear consequences
  • “The German tax payer mustn’t be held liable for the decisions of this leftist-populist government,” Kauder says. “It’s up to Greece to decide.”
  • Troika of ECB, IMF and Commission must remain as negotiating partner with Greece: Kauder
  • “I don’t like the tone of voice out of Athens at all,” Kauder says. “That’s not the way to talk to one another in Europe.”
  • “There are new proposals and new reports coming out of Greece all the time and all of Europe and beyond seems to be holding its breath,” Kauder says
  • “A government should first of all reflect, should make concrete proposals and not present something new every day,” Kauder says
  • “The new Greek government doesn’t create any trust this way,” Kauder says

All of this takes place after moments ago Merkel made the record-high DAX unhappy when she said the Greek talks would likely drag on for months.

And just like that, we are back to square one, even though futures are now almost 60 points higher form where they were this time yesterday.

Mission accomplished.

 

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Tue, 02/03/2015 - 13:12 | 5739334 IronLead
IronLead's picture

I was talking about the principle obviously.

 

And what is the difference between Europe and the rest of the world anyway.

 

A landmass, a language group?

 

You just spouted meaningless drivel.

 

 

Tue, 02/03/2015 - 14:25 | 5739669 walktheline
walktheline's picture

It seems to me that you are proceeding on the basis of political beliefs. Commonsense of the most elementary kind utterly rubbishes the idea that one can have a currency area embracing nation states with huge economic disparities between them. You seem not to understand this at all. This is the root of the "Greek problem". The continuing obsession with growing the EU 'weiter doch und weiter' is a form of political psychopathology that will end in disaster. We have long left behind the ideals of the university debating society: this is the real world impacting on real peoples lives.

Wed, 02/04/2015 - 06:20 | 5742389 nicxios
nicxios's picture

you are right, Greece would have been soooooo much better off with the Drachma /S

 

Actually, they would have. I remember the Drachma. People lived more simpler yet happier lives. A Taxi driver could not afford a BMW but he could go to a Greek island for a reasonable vacation. The Euro threw everything out of whack and let PASOK-ND borrow and steal to destruction.

Tue, 02/03/2015 - 11:06 | 5738810 lakecity55
lakecity55's picture

nsa duped me.

Tue, 02/03/2015 - 11:07 | 5738811 lakecity55
lakecity55's picture

We all know this huge mess is going to end in War at some point.

Tue, 02/03/2015 - 11:07 | 5738822 Colonel Klink
Colonel Klink's picture

The artist may want to redraw those German banksters with the appropriate male pattern baldness and much larger noses.  Same as it's ever been!

Tue, 02/03/2015 - 10:36 | 5738650 Winston Churchill
Winston Churchill's picture

9

Tue, 02/03/2015 - 10:56 | 5738752 Panem et Circus
Panem et Circus's picture

Intelligence, and humor. +1

Tue, 02/03/2015 - 11:13 | 5738844 Colonel Klink
Colonel Klink's picture

Updated for current times 999.

Tue, 02/03/2015 - 10:38 | 5738652 Bernoulli
Bernoulli's picture

“The German tax payer mustn’t be held liable for the decisions of this leftist-populist government”

But unfortunately, the German tax payer will be held liable for the decisions of their own government. This is worse...

Tue, 02/03/2015 - 12:27 | 5739168 Calmyourself
Calmyourself's picture

Let me fix that for you " held responsible for the bankers controlling his leftist populist government"

Tue, 02/03/2015 - 10:38 | 5738654 hairball48
hairball48's picture

I sure hope the Greeks tell the Eurocrats to fuck off and default.

And so I'm still long Greek donkey carts 'cause they're gonna need them.

Tue, 02/03/2015 - 10:37 | 5738656 Philo Beddoe
Philo Beddoe's picture

The fuckers will drag it out to the last minute then strike a deal and the markets will go parabolic. 

Tue, 02/03/2015 - 10:39 | 5738657 hotrod
hotrod's picture

“The new Greek government doesn’t create any trust this way,”  loloolololol

Since WHEN is there any trust anywhere.  Certainly not in the US and it starts at the top.

Tue, 02/03/2015 - 10:40 | 5738658 The Black Bishop
The Black Bishop's picture

Just say "Fuck the EU" already and GTF out of EU, Greece! Throw the Euro in the trash and reinstitute the Drachma. Then lets see how the assholes in Brussels talks back...

 

Greece has a natural income source in its tourism, and its agricultural sector can also become thriving if they get in deep with the Russians.

 

Lots of options, painful for sure, but in the long run its better to be a free man than a slave, no?

Tue, 02/03/2015 - 10:46 | 5738705 Bernoulli
Bernoulli's picture

Plus, if they get out first, they even have the chance to become a temporary "safe haven", as the rest of the Euro falls apart.

"Investors" like stability, don't they? So they might at one point prefer a weak Greek drachma over an instable volatile Euro...

Tue, 02/03/2015 - 10:51 | 5738724 SpanishGoop
SpanishGoop's picture

And didn't they have a huge gasfield just in their reach with a little Russian help.

 

Tue, 02/03/2015 - 14:06 | 5739550 Bob
Bob's picture

And the transit point for GAZPROM's pipeline.  The do have some assets to work with that don't involved fire sales of existing public investments. 

Tue, 02/03/2015 - 11:20 | 5738884 Doom and Dust
Doom and Dust's picture

The euro won't fall apart - how many moot Cassandra cries do you guys need?

There's more wealth stored in euros than in any other currency save the dollar. Why does this crazy euro collapse hypothesis even survive? The euro will not collapse, whatever the next fuckup from Brussels. It simply can't. The universal force of compound interest - centuries of it! - will see to that.

 

Tue, 02/03/2015 - 13:58 | 5739507 Bob
Bob's picture

We all know a post-EU Greece would have dramatically better prospects realigned with the Chinese-Russian trade union, BRIC bank, and (most especially, imo) alternative/non-SWIFT payment system.  Alot of that stuff still isn't fully operational. 

The Greeks need to burn some time off the clock. 

Additionally, it would play better for the the world audience if the Greeks can be seen as accommodating to a reasonable degree as they burn that time.  When the EU refuses to be equally reasonable, then the Russians, Chinese, et al, can rush in and save them . . . rather than busting in now and looking like the chaos that follows was actually caused by them. 

I think the Greeks may be playing a better chess game here.

We'd like to see some cage fighting, but this really doesn't seem to be the best time for it, everything considered. 

Tue, 02/03/2015 - 10:38 | 5738659 Kolchak
Kolchak's picture

""we have agreements with Greece and not with a government - and these agreements have to be adhered to."

 

hahahahahahahahaha just like you friggin banksters bros raping the world for interest paid on illegal debt, go EFF yourselves and eat shit cake banksters.

Tue, 02/03/2015 - 12:33 | 5739190 juujuuuujj
juujuuuujj's picture

And just like Germany had agreements and debts, which were annulled after WW2. 

Tue, 02/03/2015 - 10:43 | 5738665 NoDebt
NoDebt's picture

Watching the incestuous and dysfunctional European family of nations squabble and negotiate with eachother is probably one of my favorite time-wasters.  

Our children will be having these same discussions on ZH decades from now.

Tue, 02/03/2015 - 10:57 | 5738763 williambanzai7
williambanzai7's picture

Tue, 02/03/2015 - 11:02 | 5738787 lakecity55
lakecity55's picture

WB, you left out cousin IT.

Tue, 02/03/2015 - 11:09 | 5738820 Metalredneck
Metalredneck's picture

He's getting the haircut.

Tue, 02/03/2015 - 14:00 | 5739529 Miketheterrible
Miketheterrible's picture

HAHAHA

 

That made my day.  Thank you.

Tue, 02/03/2015 - 10:41 | 5738669 Doom and Dust
Doom and Dust's picture

Hair cutting Greek debt would instantly solve German deflation, pushing yields upwards. Taking away the weakest link will increase, not assuage doubt about the chain. Therefore Greece's negotating position has both strength and commonality. This Varoufucker guy seems to be in the know.

Tue, 02/03/2015 - 10:41 | 5738670 Rainman
Rainman's picture

Stupidest comment of the day ( so far ) : " The fact remains that we have agreements with Greece and not with a government "..... ROFLMAO !!

Tue, 02/03/2015 - 10:44 | 5738692 durablefaith
durablefaith's picture

That statement is a blueprint for how the global government intends to rationalize (attempt to legitimize) its takeover of every country on earth.

The debt will not be forgiven, the current government has no power to renegotiate a binding contract (tell that to Oppenheimer in the GM fiasco), so in effect...the central bank is the government...

Oh vey. Is this the only inhabitable planet around?

Tue, 02/03/2015 - 10:53 | 5738738 Chupacabra-322
Chupacabra-322's picture

Exactly! "We", euphemism as in this Pure Evil Sick Psychopathic Cunt is the marienite mouth piece for the Criminal Scum Fuck Central Banksters pulling her strings.

It's so obvious now.

Tue, 02/03/2015 - 10:59 | 5738769 lakecity55
lakecity55's picture

Of course not.The Khazars came from somewhere offworld...

Tue, 02/03/2015 - 12:50 | 5739261 Element
Element's picture

*cough*  Haitian debt  *cough*

Tue, 02/03/2015 - 10:41 | 5738673 Bernoulli
Bernoulli's picture

He used way too many words and made a lot of complicated sentences. I cannot follow anymore. IMO, he should reduce what he wants to say to a maximum of 140 characters and tweet, like all the others as well. How else are we supposed to understand, FFS?

http://www.merkur-online.de/bilder/2014/01/08/3302533/1126307678-dpa_kau...

 

Tue, 02/03/2015 - 10:43 | 5738675 Reaper
Reaper's picture

Merkel doesn't want to pay her costs for keeping the EU together.

Tue, 02/03/2015 - 10:59 | 5738778 Watson
Watson's picture

Merkel, herself, would pay (actually, arrange for her taxpayers to pay) yesterday.
Guilt over WW2 producing overwhelming desire for United States of Europe, Euro-Anthem, Euro-Parliament.

Merkel will have long term problems with Spain/Italy/maybe France lining up for bailouts as well, but no politician cares about long-term.

However, Merkel's short-term not so nice either:
1. (Obvious) Growth of AfD;
2. (Less obvious) Bailout means sacrifice from Netherlands. Netherlands is solvent, mercantile and no reputation for bad behaviour during WW2. Netherlands just wants free trade in Europe - to them the Euro-anthems etc. are just an expensive waste of time. So Netherlands could say no (or yes provided Germany pays their share).

Watson

Tue, 02/03/2015 - 10:42 | 5738678 j0nx
j0nx's picture

Something tells me all these political pricks are getting rich with the ebb and flow of the markets during these so called 'negotiations'. Insider trading? Nahhhh. That's only for pukes like me and you.

Tue, 02/03/2015 - 10:42 | 5738679 maneco
maneco's picture

Germany agreed to the Versailles Treaty but the Nazis did not adhere to that treaty so why does the Greek government have to adhere to these bailout agreements?

Tue, 02/03/2015 - 10:51 | 5738728 Monetas
Monetas's picture

I refuse to pay my taxes .... I cite the Versailles Treaty exception !

Tue, 02/03/2015 - 10:57 | 5738758 lakecity55
lakecity55's picture

Hitler did not renounce the Treaty until he had built up some amount of forces.

Also, he threw their own words back at them. Germany had been disarmed. The other Europeans were NOT disarming, therefore Germany had NO choice but to re-arm, and he announced Re-Armament.

Tue, 02/03/2015 - 11:05 | 5738804 Monetas
Monetas's picture

llakecitySS .... Ja, I upvoted ya !

Tue, 02/03/2015 - 10:44 | 5738680 Panic Mode
Panic Mode's picture

The whole EU and euro are real half baked. Learn the bloody difference.

Tue, 02/03/2015 - 10:44 | 5738689 youngman
youngman's picture

I think it is a good idea not to answer back every day about a new statment out of Greece....let them starve slowly....they will...you cant give it all away for free like the Greeks think they can...and the New Greek politicians love getting in front of the cameras..its their 15 minutes of fame....wait until they tank Greece and people are starving..then watch them run from the cameras....so typical....I give them two months till they are broke...

Tue, 02/03/2015 - 10:59 | 5738766 Monetas
Monetas's picture

My mother in law .... is making $70 an hour .... growing vegetables .... in her garden .... just outside Thessalonika !

Tue, 02/03/2015 - 11:02 | 5738782 Panem et Circus
Panem et Circus's picture

Sure that will work short term. Unfortunately the next step is for the impoverished masses to coallesce behind a strongman that claims to be able to give them revenge on their oppressors and make everything rainbows and lollipops again if they just give him absolute power.

Tue, 02/03/2015 - 10:48 | 5738702 Chupacabra-322
Chupacabra-322's picture

I'm Just waiting for another Greek Tweet. # Germany & the EU go fuck yourselves & the horse you rode in on.

Tue, 02/03/2015 - 10:47 | 5738704 Anunnaki
Anunnaki's picture

DeFault and then call Putin and ask for the same deal he Offered Yanukhovich

Tue, 02/03/2015 - 12:00 | 5739055 MS7
MS7's picture

And then be driven out of the country by a Nuland cookie-fed mob?

Tue, 02/03/2015 - 10:55 | 5738730 samsara
samsara's picture

 "The fact remains that we have agreements with Greece and not with a government...."

What the hell does that mean?

“A government should first of all reflect, should make concrete proposals.."

I thought you just said...

“I don’t like the tone of voice out of Athens at all,”

WHO THE HELL DO YOU THINK YOU'RE TALKING TO BOY ?

Go ICELAND Greece

 Oh, and the Picture is great.  Merkel "Here, while you are talking, let me take the wine from your glass and pour it into mine.... See?  All better..."

Tue, 02/03/2015 - 11:10 | 5738837 NotApplicable
NotApplicable's picture

It means that doublethink has gone mainstream.

Statists standing in full opposition to statism that doesn't suit them, all while demanding adherence to a flavor of state that no longer exists. It's only incoherent if you stop to think about it. Which, of course, the politicos have little to worry about with their lap-dog press.

Tue, 02/03/2015 - 11:23 | 5738899 Charming Anarchist
Charming Anarchist's picture

molon labe

Tue, 02/03/2015 - 10:54 | 5738731 noben
noben's picture

Volker Kauder's response to the Greek Finmin/Finman's proposal, and how it will go down with Germany:

"Zum kotzen".

Tue, 02/03/2015 - 10:55 | 5738744 Iam Yue2
Iam Yue2's picture

No surprise - that is what the European project is all about - ignoring the mandate of democratically elected governments.

Tue, 02/03/2015 - 10:55 | 5738756 Fix It Again Timmy
Fix It Again Timmy's picture

I can just imagine Cartman from South Park saying, "Goddamnit, either shit or get off the pot"... My sentiments exactly....

Tue, 02/03/2015 - 10:58 | 5738762 hotrod
hotrod's picture

imagine the sanctions on Greece should they decide to leave.  Bet they would shut them off to everything and have painted that picture to V.  In bed with the devil.

Tue, 02/03/2015 - 10:59 | 5738764 geno-econ
geno-econ's picture

First Ukraine, then Crete, then Teheran.  This after Afghanistan, Iraq and Syria.  Unfortunatly, War is in the air sparked by resources, fiat debt and lack of Western growth.  Damn those Bankers and Neocons 

Tue, 02/03/2015 - 12:03 | 5739064 Unix
Unix's picture

You may just get your wish, they loaded the Stennis to the gills with...bombs! Maybe it was a training exercise, but the handwriting seems to be on the wall.

Tue, 02/03/2015 - 10:59 | 5738765 Son of Captain Nemo
Son of Captain Nemo's picture

Why purchase the cow when you can get the milk for free?

Tue, 02/03/2015 - 10:59 | 5738768 SpanishGoop
SpanishGoop's picture

I think that if the current Syriza gouverment doesn't make a big change it will be lampposts and rope soon in Greece.

Their lives are at stake when the took over Greece.

 

Tue, 02/03/2015 - 11:14 | 5738839 Son of Captain Nemo
Son of Captain Nemo's picture

I think that if the current Syriza gouverment doesn't make a big change it will be lampposts and rope soon in Greece.

And that's why the EU will lose because they will continue to serve up these threats.  Good news is "Bath House" just admitted to committing treason to the American people and the World last Sunday because the Russian government got that big "White Book" which just keeps incriminating the fuck out of the United States!

And when Russia intervenes just like the U.S. did in the Ukraine last February to help the Greeks with that debt problem?...

If the neo-Nazis come to the rescue of the EU in eliminating that fledgling democratic goverment  just like in Kiev... How do you think Washington's gonna hold the Middle East, Ukraine and Greece ALL together  at that point?!!!!

What a mess!!! Huh???

 

Tue, 02/03/2015 - 12:00 | 5739058 Unix
Unix's picture

It certainly is a mess, from which there is basically no way out, sans default. No way in hell Germany takes on the rest of Euroland debt, when Spain, Portugal and Italy do what Greece is doing.

Every day I wake up, it is a new day, and I hope for some sanity to return, yet it never happens. This global collapse is like watching a slow motion turtle walk 3,000 miles, watching grass grow would be more fun!

Tue, 02/03/2015 - 10:59 | 5738771 random999
random999's picture

Hahahaha "we have agreements with Greece and not with a government - and these agreements have to be adhered to."

Ya ya I bet all the greeks got a word on that agreement didnt they?
Let me follow that statement with a question: who else apart from the former greek government signed that agreement?

Tue, 02/03/2015 - 11:03 | 5738802 hotrod
hotrod's picture

Since when do governements represent the people?  Most in the United States have NO clue what our government is involved in.  They just hope to have a job, raise a family and watch the Super Bowl.

Tue, 02/03/2015 - 11:08 | 5738828 Bernoulli
Bernoulli's picture

This logic is hilarious. Next time the Germans will go like: "It's just a leftist government, they have nothing to say. We want to negotiate with GREECE!"

Tue, 02/03/2015 - 11:22 | 5738889 SnatchnGrab
SnatchnGrab's picture

Channeling your inner Lysander Spooner I see.

Tue, 02/03/2015 - 11:04 | 5738799 vegas
vegas's picture

"... and these agreements have to be adhered to." Wanna make a bet? You can put all the cinammon in the world on chicken shit and it still isn't gonna taste like chicken salad. This is all bullshit to avoid the inevitable default everybody with a fucking brain knows is coming; it's only a question of when and how asshats like Soros can take advantage of it for him and his elite pals.

 

www.traderzoo.mobi


Tue, 02/03/2015 - 11:12 | 5738841 shovelhead
shovelhead's picture

You can put cinnamon on chicken salad and it won't taste like chicken salad.

Where did you learn to cook?

Tue, 02/03/2015 - 11:07 | 5738813 RogerB
RogerB's picture

It strikes me that the first thing the Greek governemtn should do if it wishes to demonstrate honesty and balls is to sue Goldman Sachs in every Court available to it for committing the fraud of getting Greece involvled in the spurrious derivative based scam of attempting to show the EU that Greece's debts were not as they truly were by the deceit of hiding them under cover of that spurrious contract . . . 
It should make the case that this government is an honest one and that it is going to repudiate the dishonesty of former regimes and seek compensation from those corrupt commercial entities, like and including GSax who misled the nation and the EU with fraudulent advices and misrepresentations.
The enemy of nations like Greece is not other nations or governments, but the international banker class as, in this case, GSax.

Tue, 02/03/2015 - 11:16 | 5738865 Monetas
Monetas's picture

Avoid foreclosure .... sue the banks for Robo-Robbing .... then you get closure !

Tue, 02/03/2015 - 11:26 | 5738909 Escapedgoat
Escapedgoat's picture

Varoufakis, Stathakis, Milios and DRGASAKIS might be called "Leftists" or Communists for all that matters, but in essence all are Washington's Bitches. To be more Precise that of the FED's.

They want to make the Euro the same as the Dollar or the Japanese Yen. In order to make the Dollar attractive for Hedge Funds to run for Dollar Cover.

Germany resists, Greece is the Trojan Donkey here as the Germans know the plot. The Ordinary Greeks are played for fools as well. Some already know it .

The only answer is to Default , go to Drachma and subsequently ask for all the money Germany ows to Greece from the World WarII.

 

Tue, 02/03/2015 - 12:27 | 5739160 MS7
MS7's picture

Yours is tbe best theory. It also explains why these "radical leftists" are getting such good press in America.

Tue, 02/03/2015 - 15:40 | 5740039 bid the soldier...
bid the soldiers shoot's picture

And then let Germay pay reparations to Russia, successor state to the USSR, for the damages done in world war 2

Germany had no trouble making her taxpayers subsudize 6 submarines to Israel at below cost prices.

 

There wouldn't be an Israel if the USSR hadn't defeated Germany.

HITLER'S HEIRS ARE STILL RULING BERLIN 

Tue, 02/03/2015 - 11:37 | 5738963 shovelhead
shovelhead's picture

On those grounds, that would end the EU. Every country cooked the books to meet the deficit and/or debt limits outlined in the Maastricht Treaty.

Annual government deficit:
The ratio of the annual government deficit to gross domestic product (GDP) must not exceed 3% at the end of the preceding fiscal year. If not, it is at least required to reach a level close to 3%. Only exceptional and temporary excesses would be granted for exceptional cases.
Government debt:
The ratio of gross government debt to GDP must not exceed 60% at the end of the preceding fiscal year. Even if the target cannot be achieved due to the specific conditions, the ratio must have sufficiently diminished and must be approaching the reference value at a satisfactory pace. As of the end of 2010, only six EU member states, Bulgaria, Estonia, Poland, Luxembourg, Finland and the Czech Republic, still meet this target
 
"When it becomes serious, you have to lie."
Jean Claude Juncker
Tue, 02/03/2015 - 12:30 | 5739157 Charming Anarchist
Charming Anarchist's picture

I do not want to take away from the spirit of your post.  I really like it but... 

 

<<It strikes me that the first thing the Greek governemtn should do if it wishes to demonstrate honesty and balls is to...>> 

 

...fuck the government of _____ , is what I say. It is high time that the proletariat takes control of their own houses.  It is time people start trading in real money and abstain from the banking system.  They have no choice but to STOP looking to government to solve their problems. 

 

Common Greek folks are facing the end of the road much like most other Westerners will have to face and much like others on this planet have already faced. 

At some point, we ALL will have to revert to REAL money.  The sooner tax-payers abstain/move away from the fiat system, the better chances they have of re-establishing reliable supply chains into the future, I reckon.

 

What is stopping Greeks from trading gold in their day-to-day affairs?  I ask naively. 

Tue, 02/03/2015 - 11:09 | 5738826 Shekels
Shekels's picture

If money is all the Greeks need, why doesn't the US Fed print (digitize) what they're lacking - like some kind of sugardaddy. If the US can give Israel billions, why not poor, little, victimized Greece?

Tue, 02/03/2015 - 11:15 | 5738858 sheikurbootie
sheikurbootie's picture

Greece is too big to bail out at half a trillion dollars. 

Tue, 02/03/2015 - 11:34 | 5738950 Seamus Padraig
Seamus Padraig's picture

Because Greece obviously doesn't have much of a lobby.

Tue, 02/03/2015 - 11:46 | 5738995 dexter_morgan
dexter_morgan's picture

Greece has no AIPAC that spends 100m every election cycle supporting their candidates.

Tue, 02/03/2015 - 12:16 | 5739120 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Two words. Samson Option.

Tue, 02/03/2015 - 12:18 | 5739125 plongka10
plongka10's picture

Greece has it's own printing press - it could quite easily print up Euros to cover their debt. Who would know? lol

Tue, 02/03/2015 - 11:09 | 5738827 shovelhead
shovelhead's picture

Germany is learning to speak Mediterranean...

"Fuck Me?

No, FUCK YOU!"

Tue, 02/03/2015 - 11:12 | 5738843 HamRove
HamRove's picture

Subterfuge for the inevitable. This is all while Germany and France are looking for ways out of the Euro through the back door. 

Rule #1 Always have an out.

Rule #2 Never use the out unless there is no other possible choice. 

Tue, 02/03/2015 - 11:13 | 5738852 22winmag
22winmag's picture

There is nothing like a no-tie brunch with representatives of the country that used to roll tanks thru your streets and shoot your partizans.

Tue, 02/03/2015 - 11:18 | 5738875 Kina
Kina's picture

"we have agreements with Greece and not with a government - and these agreements have to be adhered to."

 

Maybe she doesn't understand of democracy and governments elected to represent the people. i.e. an agreement with the people is through it govt.

 

So Anglea, an agreement with the govt IS an agreement with the people. And people change their minds, go bankrupt, insolvent, lunatic, mad, psycotic...etc.

Tue, 02/03/2015 - 11:17 | 5738876 roadhazard
roadhazard's picture

Great pic of Merkel being thrifty.

Tue, 02/03/2015 - 11:22 | 5738894 lakecity55
lakecity55's picture

Geez, lookit where Au is...I am getting moar today.

Go for it, Bit-Chez!

Tue, 02/03/2015 - 11:27 | 5738897 Monetas
Monetas's picture

I went to a plate fight .... and a Greek wedding .... broke out !

Tue, 02/03/2015 - 11:26 | 5738916 DeliciousSteak
DeliciousSteak's picture

As he said, "it's up to Greece to decide". Honor the agreements, maybe something can be worked out to ease the pain a bit, or GTFO.

Tue, 02/03/2015 - 11:30 | 5738937 dag
dag's picture

France and stupid US are trying to fuck Germany.

Greece and France can kiss Germany's ass and so can Obama.

 

Tue, 02/03/2015 - 11:36 | 5738957 Seamus Padraig
Seamus Padraig's picture

It would be a bit harder for Washington to f-ck Germany without Merkel's total co-operation.

Tue, 02/03/2015 - 11:34 | 5738949 SheepDog-One
SheepDog-One's picture

I'm just laughing at how it's all back to pins and needles over Greece again, their debt which 'the whole world hinges upon' isn't even 1 months worth of Fed free money....niggas please.

Tue, 02/03/2015 - 11:40 | 5738976 Itchy and Scratchy
Itchy and Scratchy's picture

But Portugal, Spain, Ireland & Italy ain't bro!

Tue, 02/03/2015 - 14:56 | 5739823 Kolchak
Kolchak's picture

you know the old domino effect and all, with most, if not all .govs insolvent we cant have the people realising this and saying eff off banksters/.govs/corps hell we need need a one word solution to the mix of thieves.

Tue, 02/03/2015 - 11:34 | 5738953 SnatchnGrab
SnatchnGrab's picture

What a BS statement.

"HOW DARE YOU ATTEMPT TO ESCAPE OUR *** CONTROL *** "

 

It's about control. Sure there's money, organizational theft, et al., but it's about CONTROL.  Holy fek.

Tue, 02/03/2015 - 11:40 | 5738968 Itchy and Scratchy
Itchy and Scratchy's picture

Beward of Greeks bearing gifts ............................................................. for themselves!

Tue, 02/03/2015 - 12:04 | 5739008 NuYawkFrankie
NuYawkFrankie's picture

BREAKING.... Victoria Nuland/Kahn/Nudelman(...) proposes pumping in $5 Billion to prop up new Greek Govt!!!

Tue, 02/03/2015 - 11:49 | 5739014 dexter_morgan
dexter_morgan's picture

creepy - looks like that dude is trying to get Angela all liquored up so he can have his way with her later............

Tue, 02/03/2015 - 11:50 | 5739016 Unix
Unix's picture

Oh, like a half baked potato? Roger that.

Greece has no money, so how can they restructure their debt? Maybe they can sell islands and the Acropolis, but that will not save them. They have lived off of others for far too long, just like the FSA in the US, eventually it has to come to a stop.

There needs to be a reset of the global debt, a jubilee, default, whatever you may want to call it; because debt at these levels are a drag (anchor) to growth and prosperity. We all know all the debt around the world, sans a few countries, cannot be paid back, so why drive countries/people to the ditch trying to manage it.

There will be haircuts, but those people are the ones who can most afford it, as regards to the financial elite. As to countries, well that is another matter, not many ways to get around the pain there!

I hate doom and gloom, really do, but as I survey the landscape, there is not much out there that is a real positive.

Tue, 02/03/2015 - 12:19 | 5739135 Bankster Kibble
Bankster Kibble's picture

Sounds like an ideal time for Greece to default, then.

Tue, 02/03/2015 - 11:52 | 5739024 Wahooo
Wahooo's picture

Fuck you, Hitler!

Tue, 02/03/2015 - 11:53 | 5739031 Pumpkin
Pumpkin's picture

"we have agreements with Greece and not with a government - and these agreements have to be adhered to."

 

I think they will find out differently if the go to view the signatures (if any exist) upon any agreements.

Tue, 02/03/2015 - 13:42 | 5739442 Sentient B-ing
Sentient B-ing's picture

They can just call up some of the unemployed Robo-signers here in the US and get any signatures they need to support any narrative they choose to put forward.

Tue, 02/03/2015 - 11:55 | 5739040 foodstampbarry
foodstampbarry's picture

Awesome! Release the kraken!

Tue, 02/03/2015 - 11:55 | 5739043 Atomizer
Atomizer's picture

Can you see the problem? Greece is within the EU.. Hahahaha

Disinflation in EU Countries outside the Eurozone

 

Merkel just needs to slap her tits together three times and say ‘There's no place like home.’

/sarc

Throwing Snow - Avarice

Tue, 02/03/2015 - 11:56 | 5739044 rwe2late
rwe2late's picture

  Did he really say

"we have agreements with Greece and not with a government"  ???

With "Greece" ???

How is it even possible to have an  "agreement that must be adhered"  with the

very nebulous concept of a "nation" ???

Tue, 02/03/2015 - 12:02 | 5739073 Itchy and Scratchy
Itchy and Scratchy's picture

Lol! Nice try! Don't work that way I'm afraid!

Tue, 02/03/2015 - 11:58 | 5739049 Goldbugger
Goldbugger's picture

Half Baked Mus-kaka is not tasty.

Tue, 02/03/2015 - 12:02 | 5739061 Itchy and Scratchy
Itchy and Scratchy's picture

Tsipra's 15 minutes of swagger is almost over!

Tue, 02/03/2015 - 12:08 | 5739089 Armed Resistance
Armed Resistance's picture

Hardly. He has even gotten started yet. This should be fun!

Tue, 02/03/2015 - 12:04 | 5739077 jmcadg
jmcadg's picture

"we have agreements with Greece and not with a government - and these agreements have to be adhered to."

That there is fighting talk. Time to up the anti Tspiras.

Tue, 02/03/2015 - 12:17 | 5739127 Bankster Kibble
Bankster Kibble's picture

I noticed that quote, too.  If not with the government, then with whom?  Since when did the Greeks actually have a voice on the austerity and debt repayment?

Sounds like Kauder does not have an agreement at all.  "How dare you talk to me that way!"  Sounds like the emperor in "Dune" who has not yet realized he lost.

Tue, 02/03/2015 - 12:43 | 5739098 JR
JR's picture

“The German tax payer mustn’t be held liable for the decisions of this leftist-populist government,” Kauder says. “It’s up to Greece to decide.” -- Volker Kauder 

Why should the German taxpayers be liable for Goldman-engineered debts if Greece restructures?

These comments from Germany are not coming from the politicians; they’re coming from the banks who put the words in their in their mouths. And the primary way that these banks make money on their European debt monopoly is to extract more and more from the taxpayers in Germany and Greece.

It’s the bankers who wear the jackboot; who’ve always worn the jackboot; it’s the bankers' economic engines that are strip-mining Europeans’ financial future, especially that of the German people. Will these peoples’ necks ever be free of the boot?

And now Spain is going to come under the heel of the jackboot.

The reason for establishment of the Federal Reserve, the European Central Bank, IMF, and all the rest was not some sort of civic duty to serve the people. They were vehicles to extract the wealth of labor and production and the result can easily be seen: the people struggling with unemployment and their bankrupted businesses versus the filthy, obscene rich of the banking establishment.

And who are Merkel’s personal friends and masters. They include, perhaps her most important Jewish political backer through the years, Josef Ackermann moving through the top ranks of Deustche Bank while calling the shots on the Greek debt crisis to the Washington-based Institute of International Finance where he led negotiations with the Greek government on behalf of private bondholders, “towards resolving Greek Debt ((2003–2012).”

.As Deutsche Bank’s Chief, Ackermann argument against restructuring the Greek debt was that “it would force investors — and banks — to share Greece’s pain.”

The NY Times said at the time that Ackermann had "called on European governments to devise a ‘Marshall Plan’ for Greece that would offer more aid, while forcing the country to sell billions of euros’ worth of state assets, and provide a framework for rebuilding its economy.

“Any restructuring, Mr. Ackermann cautions, could be even worse than the crisis brought on by Lehman’s collapse,” he said. “It could threaten the stability of major financial institutions, as well as the European Central Bank, which hold huge amounts of Greek debt.”

 

Tue, 02/03/2015 - 12:44 | 5739246 JR
JR's picture

More on Our Man Ackermann: A Swiss banker; former CEO Deutsche Bank, former member influential Washington based advisory body, the Group of Thirty; member Steering Committee Bilderberg Group;  Positions held include: Chairman Board of Directors of the Institute of International Finance; visiting professor of finance the London School Finance; Second Deputy Chairman Siemens AG (resigned Sept 30 2013) non Executive Director Shell; Chairman Board of Directors World Economic Forum.

“Days after retirement and on the eve of a conference call by G7 finance ministers and central bank governors on the continuing European debt crisis, Ackerman said in a speech to the Atlantic Council that "Germany will ultimately take whatever steps [are] necessary to keep the euro zone intact", according to one report. The country "is moving cautiously because it simply fears that countries on the European periphery will stop reform measures if they see that Berlin is going to guarantee everything", he continued.[10] He was a non-executive director of Vodafone from 2000-2002.

Return to banking -- to the Bank of Cyprus

In November 2014 he was elected as chairman of the board of directors of the Bank of Cyprus following the proposal of the new major shareholder of the bank Wilbur Ross.

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

Tue, 02/03/2015 - 12:14 | 5739110 Peter Pan
Peter Pan's picture

What goes round comes round. 

The wheel of justice is still turning.

 

Tue, 02/03/2015 - 12:14 | 5739113 escapeefromOZ
escapeefromOZ's picture

There is rumour that the Tsipras government has engaged as advisers the speculative expert " Lazars " that ones that participated in the Greek downfall ! Could somebody confirm it ? It makes you puke ! 

 

 

Tue, 02/03/2015 - 12:28 | 5739162 Itchy and Scratchy
Itchy and Scratchy's picture

The Greeks need all the help they can get! Unfortunately there are no more rabbits to pull out of hats!

Tue, 02/03/2015 - 12:16 | 5739118 ILikeBoats
ILikeBoats's picture

ODIOUS DEBT - a word Greeks need to learn to say, in both Greek and German languages.

Tue, 02/03/2015 - 12:15 | 5739121 surfvin
surfvin's picture

There are no independent nations it's all bullshit,because if there were we would have been dipped in the grease a long time ago. The whole world is controlled by a handful of fux who are on exactly the same page. This shit is simply theatre. They approved this Greek election and whatever comes of it.

Tue, 02/03/2015 - 12:23 | 5739139 Dre4dwolf
Dre4dwolf's picture

"we have agreements with Greece and not with a government - and these agreements have to be adhered to."

 

Where is the agreement with the Greek people?

Greece is not a government.

Greece is not a corporation.

Greece is a land-mass with free people living on it.

Where is your agreement signed by every individual on the land-mass known as Greece?

If you have such an agreement, I suggest you go down that list and find the people who signed that list, and shake them down.

The Greek government that agreements were made with was not a government of Greece, it was a government created out of thin air by the banking aristocracy who are trying to funnel/launder counterfeit funds from the IMF and other global "institutions" through Greece and into their own hands washing themselves of the liability the Fiat creation machine creates.

 

And nothing has to be adhered to, agreements are made by humans and as such can be un-made, unless you German Nazis plan on invading Greece with an army you are quite literally drowning in a river without a rubber ducky, (good luck getting that to fly, I dare you to give Russia an excuse to enter the conflict and show the world what a criminal POS NATO is).

You "loaned" Greece money???? Greece does not have the problem, YOU HAVE THE PROBLEM, all the counterfeit money went back to the "lenders" anyway.... Greece is just a patsy for an international criminal counterfeiting ring (Institutions like the IMF are active participants).

 

 

Tue, 02/03/2015 - 12:40 | 5739198 Itchy and Scratchy
Itchy and Scratchy's picture

It might be a good idea if citizens start to consider exactly who the fearless visionaries are they vote for. Governments are duly elected by the people and they can & do determine the appropriate amount of debt the country is OBLIGED & legally bound to repay! The money has long been spent & now the problem of repayment lays in the lap of the voter! If you look close at your leadership chances are you will discover an enlightened dangerous idiot!

Tue, 02/03/2015 - 13:03 | 5739307 Dre4dwolf
Dre4dwolf's picture

No one is responsible for the actions of another.

voting is a pointless endeavor as the people who get voted in rarely if ever do what they campaigned on.

Tue, 02/03/2015 - 13:28 | 5739331 Itchy and Scratchy
Itchy and Scratchy's picture

Ask the Greeks if its not a problem!

Tue, 02/03/2015 - 13:09 | 5739324 Dajd45
Dajd45's picture

Absolutely agree, and right on the button. The Eurozone wouldn't know what democratic, enlightened goverment means, if it sat up and bit them!!

Tue, 02/03/2015 - 12:24 | 5739152 Oswald did it
Oswald did it's picture

Could somebody here be so kind as to explain where the Jews fit into all this?

Tue, 02/03/2015 - 12:39 | 5739225 Peter Pan
Peter Pan's picture

They have the best intelligence service in the world and hence they know everything that is being discussed whether it be in Greece, Germany the USA and possibly Russia. They then use the information they gather to profit and control.

Tue, 02/03/2015 - 14:40 | 5739749 shovelhead
shovelhead's picture

Jews:

Omniscient, Omnipresent and Omnipotent.

Even God's son was a Jew. More than likely Dad is a Jew.

Coincidence?

I think not.

They run everything.

That guy in the plumbing dept. at Home Depot?

Yup, you guessed it.

Tue, 02/03/2015 - 12:26 | 5739154 Kina
Kina's picture

greece will never be able to recover whilst it has to trade in euro

Tue, 02/03/2015 - 12:35 | 5739204 Itchy and Scratchy
Itchy and Scratchy's picture

Correct!

Tue, 02/03/2015 - 12:28 | 5739166 TeethVillage88s
TeethVillage88s's picture

Yesterday's Quote "We are all Alarmed about Greece's Actions and Behavior". Oh yeah. In this Propaganda you just attempted to Enlist not only all of Europe, but all of the Readers & Listeners.

So, today perhaps we see Greece waffling about earlier statements which seemed to indicate they would leave the Euro & EU... While Germany "Gaslights" Greece, by indicating that they are immature and uninformed. Wow.

SNAFU. Control, Power & Propaganda as usual.

Germany & the Troika want Greece to shut up and be their "Bitch".

Repost:

Having earned a doctorate as a physical chemist, Merkel entered politics in the wake of the Revolutions of 1989, briefly serving as the deputy spokesperson for the first democratically elected East German Government in 1990. Following the German reunification in 1990, she was elected to the Bundestag for Stralsund-Nordvorpommern-Rügen in the state of Mecklenburg-Vorpommern, a seat she has held ever since.

Sorry, None of these people were a Christian Democrat before the "Wall Fell." This is bull shit. Merkle is a communist. We might not fight with her on that, but that she doesn't have Credentials other than being able to build consensus through corruptions, intimidation, blackmail, or cajoling.

- Erich Honecker, 3 May 1971 – 18 October 1989; was a German politician who, as the General Secretary of the Socialist Unity Party, led East Germany from 1971 until the weeks preceding the fall of the Berlin Wall in 1989.
- Egon Krenz 18 October 1989 – 3 December 1989, is a former politician from the German Democratic Republic (East Germany), who was its last communist head of state.
- Manfred Gerlach, 6 December 1989 – 5 April 1990, was a German jurist and politician (LDPD). He served as Chairman of the Council of State.
- Sabine Bergmann-Pohl, 5 April 1990 – 2 October 1990, is a German doctor and politician. A member of the Christian Democratic Union of Germany (CDU)
- Angela Dorothea Merkel is a German politician and a former research scientist who has been the leader of the Christian Democratic Union (CDU) since 2000 and the Chancellor of Germany since 2005.

-

So if these people from East Germany have failed?? Is it a surprise that they have not protected the people on Main Street. BTW: the mission of CDU is to balance the wealth.

If Angela Merkle is CDU, why doesn't she balance the wealth inequality that is so apparent in all Western Economies??

Primer Angela Merkle: Please Answer.

Social Market Economy = Germany = CDU = What? Eye not on the Ball???

Tue, 02/03/2015 - 12:34 | 5739180 falak pema
falak pema's picture

"No U turn..." Says Yanis! 

"Ach soo !!! Zen velkommen to ze Mutti Kitzbuhel Hahnenkammer speil games! Herr Yanis, velkommen Viele Male!...

Achtung ! ve Startschuss down the Streif, yawohl, zen Mausefalle fur di mouse in ze trappe and,  if u komen zi aus in one picz, you Karussel in ze S turns like a cocktail shaker and zen zi big one : ze Steilhang! zen Bruckenschuss, Alt schneise,Seidlalmsprunggg, Larchenschuss, Hausberg and Querfahrt ...

Yes very big fahrten...But its not offer yet...zen zielschuss and finally, finally ---if Mr Yanis Varoufakis is still in ze one peeece... you go to Rasmusletein an ze gluhwein ! Ya welkommen to ze Streif..

Put on ze ski shoos and fahrten your skis, Herr Yanis. We vill teach you what Anschluss means, Mutti style!

Tue, 02/03/2015 - 12:43 | 5739207 shovelhead
shovelhead's picture

See the sequel to the hit comedy "Going Greek" with Angela Merkel reprising her role as Mutti the Mangler with the new comedy duo, Tsipras and Varoufakis as they bring mayhem and laughter to the EU financial districts.

Watch the sparks fly when a pair of grifters try to walk away with the loan-sharks loot. "Hardcore Greek". Coming to Financial News outlets near you.

"Hardcore Greek is funnier than than the bail-outs of 2008." -Hank Paulson-

-"Hardcore Greek made me laugh so hard that the only problem I saw was there was not more of it."- Paul Krugman - NY Times.

Tue, 02/03/2015 - 12:41 | 5739236 juujuuuujj
juujuuuujj's picture

Germany's debts were forgiven after WW2, to avoid suffocating the economy, but now all of a sudden "debts should always be respected". Fuck that. Greece should default and start over with a new currency. Investment will definitely return, just like it did in Germany and Russia after their defaults. 

That's the dirty little secret creditors don't want anyone to hear: investment returns quicker after a default, than under austerity. 

Tue, 02/03/2015 - 13:43 | 5739447 julian_n
julian_n's picture

Soon Germany will do the maths and Greece will get its write-down - one way or another.

But before it happens there has to be bluster for the benefit of the German Sheeple - "we did try - please don't vote AfD"

Tue, 02/03/2015 - 14:07 | 5739552 Prober
Prober's picture

Simple cure for all (countries, companies, municipalities, individuals) who borrow too much and don't pay it back:

Burn alive all those who applied for and signed for the loans.

Then people will borrow ONLY what they are sure they can AND will pay back.

Tue, 02/03/2015 - 14:07 | 5739562 Miketheterrible
Miketheterrible's picture

Go Icelands route - Default, jail bankers, and say fuck you to debt.  I have faith in you Greece, please do it.

Tue, 02/03/2015 - 14:13 | 5739597 Joebloinvestor
Joebloinvestor's picture

Sounds like a similar event Barry had with the CBO and the CBO was complicit in passing a bill that was fucked up.

Tue, 02/03/2015 - 14:15 | 5739599 robobbob
robobbob's picture

"we have agreements with Greece and not with a government"

WTF does that mean?

a democratic country just fired the guys you made your deal with


Tue, 02/03/2015 - 15:00 | 5739846 Kolchak
Kolchak's picture

no shit right Robo, what do we all get when a fukn salesmen quit whom we purchased through?  we get shit on, sorry that fucker isn't here anylonger so you'll have to pound sand up your ass.

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