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Greek FinMin Varoufakis Warns "Be Ready For A Clash"
Germany's Steinmeier reiterated that "Greece needs to respect its bailout pledges," but Greek Finance Minister Varoufakis told lawmakers that "the post-bailout period for Greece begins today," warning that...
- *GREECE WON'T ACCEPT BAILOUT TERMS DEEPENING CRISIS: VAROUFAKIS
- *VAROUFAKIS: WE DON'T SEEK A CLASH, WE ARE AWARE OF PROSPECT
Demanding a new loan contract with partners, Varoufakis concluded that Greece "seeks an honest anti-bailout agreement." Not what the EU wants to hear...
Varoufakis added:
- *GREECE WANTS A NEW LOAN CONTRACT WITH PARTNERS, VAROUFAKIS SAYS
- *VAROUFAKIS: ONE SHOULD BE READY FOR CLASH IN ORDER TO NEGOTIATE
- *VAROUFAKIS: I WON'T PLAY GAME THEORY WITH GREECE'S FATE
- *GREEK FINANCE MINISTER SAYS 30 PCT OF BAILOUT IS TOXIC AND WE WILL REJECT IT
- *VAROUFAKIS: GREECE WON'T REJECT TAX SYSTEM REFORM
- *VAROUFAKIS: GREECE TO SEEK HONEST ANTI-BAILOUT AGREEMENT
* * *
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whatever the outcome is it's bullish for stocks
It's the second, third, er fourth coming of STOCKS SURGE ON GREEK HOPE.
I'm braced.
Keep Greece; change the EU.
Keep the EU, too.
ECB: "Our QE will blot out the sun."
Greece: "Then we will default in the shade."
ECB: "This is madness!"
Greece: "No. THIS IS ATHENS!!!!"
Is it "Clash" or "Crash" ? whatever ...
You owe the EU a million Euros, it is your problem.
You owe the EU more Euros than you can possibly ever repay, well that is the EU's problem.
pods
"GREEK FINANCE MINISTER SAYS 30 PCT OF BAILOUT IS TOXIC..."
I think his estimate is a bit low...
Apparently, Greece is filled with terrorists at the highest level of this new government and needs to be invaded, post haste.
Just like the 'Occupation of Ruhr'
How long until we see the "Occupation of Athens"?
This is not madness... THIS . IS. SPARTA!...
https://www.youtube.com/watch?v=QkWS9PiXekE
It'd be so awesome if the Greek Prime Minister turned the negotiating table into a Kill Bill scene.. pfft pfftt pftttt!!!!!
When we find out that debt was paid down due to the proceeds of "significant investments" in Greek infrastructure by China and/or Russia. Could probably include India into that sphere.
Then we'd see NATO organizing exercises in the immediate vicinity.
Oh, and some of those troops would remain in Greece because they were for Cyprus, but it was decided to actually deploy them in Cyprus would cause more geopolitical tension than needed.
The only plan that works is to 100% walk away (default) on the debt, reissue the Drachma, watch the EU crash and start again. Then watch the domino's drop as every other weak Euro nation votes in their Yanis clones.
You left out the people who will be starving..homeless...and cold....and still without a job other than going thru trash dumps looking for food....but then again..they al; partied at the feast when it was good...so now its diet time...
True, but I'd rather diet on 'my' terms and not Merkal's/Draghi's.
They're already starving, homeless, cold and without jobs.
It's starting to warm up nicely...someone quoted a few years ago that first quarter 2015 is gonna be interesting, did not believe at the time due to the many collapse predictions and the failure for some people to realize how long the powers that be can kick the can, seems to be coming to fruition. time get more popcorn...and ammo.
"Fuck the EU"
Governments running debts ARE TOTAL BULLSHIT! Why should they run *any* debt when they have the ability to print currency to fund their operations? The problem is the government decides it's own budget -the counter-balance must come from the people (aka vote cards deciding spending)
Secondly Government departments should be rewarded for the percentage they come under budget - not rewarded with an equal budget for next year because they recycled pencils all year till March madness came along and then blew billions.
You do not even need a vote...the 'people' always want just a little more.
yes, it is a shit show
Now that adds significantly to the dialogue..... LOL
and the Dow rallies....
from MarketFarce...
"U.S. stocks climb on Greece deal hopes."
next up: gold & silver get smashed lower
of course..
it makes sense dont it?????
Greece defaults, and it is spun to be a good thing..
3:30 ramp - do I have the timing right?
Forget one puking unicorn we need like a herd of them all shitting skittles and puking rainbows as they strut along the Milan runway!!
Someone has to make a ad lib verision of 300..
"Father knows best. Wall St knows best."
How many frikking TEOTWAWKIs have been called here? At least a thousand.
Facts are facts, and stats are stats, no matter what libertarian theory claims.
Until libertarians (and Austrian economics theorists) take over the Wall St Casino, I'm betting on the 'Wall St Casino', not Austrian theory pundits and Doomsday. I'd be mathematically retarded to do otherwise.
Given Greeces history, the loan "partners" would be better off setting fire to a pile of money.
This is Sparta!!!
That scene from 300 completely applies here. Only problems the roles are reversed. Its Eurozone pushing Greece towards the hole, getting ready to kick it in.
Well the difference is that Greece is strapped to the EURO. THey plunge and the rest does as well.
Greece is fucked with the debt pile, so either EU renogiates the debt gently and Greece can avoid turbulence, or they don´t and Greece exits the EURO, faces massive problems in the short term be re-introducing the Drachma but eventually will return to growth while its debt is repudiated.
That is why the Greeks are so bold. They know they are fucked and the only way is to recut the debt or repudiate it. If they stay in this debt overhang which they can not inflate away, they are permanently in depression.
Austerity without debt recut does not work. Bad debt has to be destroyed, either through inflation (a form or default) or by outright default (when they do not print the currency).
A DESPERATE IS EXTREMELY DANGEROUS, BECAUSE HE DOES NOT HAVE MUCH TO LOSE. Keeping the debt pile makes the situation desperate for Greece.
No, this is Sparta.....
https://www.youtube.com/watch?v=xIDCwtBj4DY
Somebody fed all the black swans poison.
How retarded is this new FinMIn? its like teenagers being allowed to rule a country
The only retards are the ones who think odious debt will be repaid.
Indeed. And those who believe getting kicked out of the EU = freedom & prosperity are smoking what, exactly?
They will not get kicked out of EU, just the EURO.
EU is an instrument of oppression and an economic tool to achieve supra-natioal goals. European nations are proud and went to break the shackles of the EU.
LOL, compared to whom?
Better to have a Geithner or a Paulson boosting their own personal fortunes
Are "YOU SERIOUS"? Apparently (reading your personal bio) the new Greek FinMin is over "over-educated" and "well laid", unlike yourself. And yes, I am serious!!
Beware of Zionist Yids bearing gifts!
Greek bailout near
Greece moving closer to bailout compromise, before…
Eurogroup chairman Jeroen Dijsselbloem on Tuesday extended an olive branch to Athens a day ahead of a crucial meeting to discuss the stand-off over Greece's bailout, saying he was "extremely willing" to work for a solution.
and:
Greece may turn to Russia or China for financial help -…
latest:
http://tersee.com/#!q=greece&t=text
Steinmeier is Foreign Minister and there is no role for a Foreign Minister in EU Finance Policy. Plus, Steinmeier was SDC to Schroeder when Greece was admitted to the Euro as a result of France and Germany bending the Stability & Growth Pacty in 2004 when they both fell through its parameters
Leeeeet's get reDY TO RUMBLE!!!!!!!!!!!!!!!!
Yanis' proposals are rational and legitimate. Now we can be watching how these proposals will be being refused one by one revealing the inability of the other side to reflect the new reality of these days... until everyone else realizes their utter incompetence to lead anything.
It seems the complexity of the world has just reached the threshold of their understanding.
My money is on Varoufaukis punching Steinmeier in the face and then breaking that finger off.
These are Sparta's walls.
Freeeeeeeeeeeeeeeeedoooooooooooooommmmmmmmmmmm!
[Mel Gibson in Braveheart with war paint on photo.]
Wow....the new greek word in odious debt payment.
Imagine a bank demanding that a defaulting homeowner take out an additional mortgage in order to service the first mortgage under threat of foreclosure if he does not.
The end result is entirely evident. The bet is when and how much human suffering.
Since you put it in those terms - why not just take the new money, have a good time then let the banks forclose.
It is different when you're dealing with real real estate like a nation. Problem there is with actually control over the estate from a distance.
Seems the debtor often comes to hate the lender....human nature.
Greece seems to be wonderfully ungovernable. They need to expand their tolerance for organization enough to get a functioning economy going however. At present they just don't seem to be able to take care of themselves which is not much of a credit to the cause of anarchy.
How very true. With few exceptions in history, man has always chosen to be lorded over by another. I chalk it up to the feeblemindedness of the human brain. Von Mises and Hans Hermann Hoppe were the far and few exceptions to that rule.
Yanis Varoufakis has the edge with everything he says.
He really does believe he is telling the truth.
The entire European machine has no chance because they DON'T believe ANYTHING they say, AND NEITHER DO WE.
"He really does believe he is telling the truth."
Did he remind you that, in 2 months you'll be selling your daughters to the highest bidder?
RELEASE THE DRACHMAN!!!
I think we need to coin a new catch phrase:
A "Greek Dilemma"
It happens when you just don't know which teat to suck.
"Greece seeks an honest anti-bailout agreement."
Translation: "How dare you give me more crack when I specifically ask for more crack?!?"
VAROUFAKIS: No refined petroleum for you
http://atlas.media.mit.edu/profile/country/grc/
http://ieconomics.com/exports-forecast
http://www.tradingeconomics.com/greece/exports
Germany's Steinmeier reiterated that "Greece needs to respect its bailout pledges,"
Or what? You'll send a strongly worded letter demanding payment?
"Or what?"
Or they'll get a lesson in what real austerity looks like, followed by becoming the poorest nation in Europe overnight and subsumed by their new Turkish landlords.
are people still letting schweinmaier stand inn front of a mike since he and frauuu ferkel did their backpedaling on the NATO Eurocrat hard line on ukraine?
the writing is on the wall.germany has a big write down in its near future and the days of the supranational tyrannus euricus are also shrinking rapidly. the question is which country will bail first to beat the rush to the door. germany can minimize its losses but not eliminate them.
keep listening to the banks and they will bleed all of the true belieeeevers dry.
popcorn please
“Greece “seeks an honest bailout agreement.””
They want an “honest… agreement”?
This would require a “valid contract”; which requires real parties to the contract.
In other words, who were the parties on the original agreement? Only they are obligated by its terms… among civilized men, that is. Normally, such government loans are negotiated by government bureaucrats who pretend to represent the people of the country, who never know what happens, are never consulted, and never give their consent to such agreements/loans.
Hence, government loans are contracts between bureaucrats/legislators and lenders: the people are clueless bystanders, for the most part.
In other words, if there is to be an “honest bailout agreement”, it will require all who took part in the negotiations and signing of such agreements to be held responsible for its fulfillment; and no one else.
Of course, to declare is one thing; to make it real is quite another. That will require knowledge of the law and procedures of redress; especially that part of redress that deals with governments that have become destructive of the peoples’ rights.
"Anti-bailout", but wants more loans?
More loans that they will NEVER pay back....now who is going to make them....a year from now....I think these guys will be thought of as jokes..or criminals....they really have no clue what is going on....they are going to find out very soon....when they cant make the next payroll....
My point exactly. It's like Krugman running a country. All unicorns and bravado until the bill comes due. I'll repeat what I've said for weeks now: What is the plan to restore the Greek economy? Beyond debt forgiveness? The Germans would be out of their friggin minds to give them another cent.
Delusions of grandeur.
They really should be talking to the greece people about paying taxes and their fair share.....right now they are saying you dont have to pay anything..not a good school room teacher for the masses..
There are Greeks with a work ethic, skills, and a degree of self-interest that are working in the underground economy. They will be the foundation for rebuilding unless they are overwhelmed by a parasitic authoritarian regime.
"GO TELL THE SPARTANS PASSERBY,
THAT HERE OBEDIENT TO THEIR LAWS WE LIE."
Oh the puns we can have with this epitaph!
Shows you, Spartans were no Greeks. I mean, c´mon, a Greek obedient to law, impossible ....
who cares? this does not effect the financial markets as a whole at all. Every third article on ZH is about the impending carnage in Greece. It was the same thing 3 years ago during the first go around and nothing happened. No global carnage. Let them go, default, borrow more, stay in the euro, get out of the euro...doesnt matter. Even if they go back to the drachma which is the nightmare scenario, who cares? they'll have years of pain but the devaluation will ultimately help. I fail to see how this produces contagion. They're not going to suddenly becoming a manufacturing powerhouse and start taking away jobs from Spain/Italy etc and without the greece headache the troika can focus on the other problem children that arent in as bad shape.
Varoufakis' efforts are valiant for sure. If the clash happens however, it will only benefit the central banks' he's fighting because they would have to CTRL-P (which stawks would love).
Real prisioner's dilemma for Greece. But at good for them, they are at least asking the questions.
Greece has nothing to lose by forcing this showdown, the EU on the other hand is truly in a difficult position as they have everything to lose. This is an existential battle for the would be empire as the simmering anger over austerity and immigration among the plebes starts to boil....
the system when you get born with debt of 30000 euros (the situation greeks are in) is a broken system
@Debugas
If 30,000 Euros debt represents a broken system what does 180,000 Dollars mean for Amerikan new born? Hope and change?
US can print the debt away, Greece cannot.
Behind US debt stands the US Army, going arround looting other countries, the greeks cannot do it since Alexander the Great.
"VAROUFAKIS: GREECE TO SEEK HONEST ANTI-BAILOUT AGREEMENT"
Define HONEST.
http://youtu.be/EmOH5f1J1Uc
Varoufakis becomes unlikely heartthrob in Germany
http://www.ekathimerini.com/4dcgi/_w_articles_wsite4_1_09/02/2015_547054
Greek Finance Minister Yanis Varoufakis has become an improbable heartthrob in Germany, where his demands to renegotiate the nation’s debt fell on deaf ears but his charm and masculine appearance have not gone unnoticed.
Germany’s ZDF public television even lampooned its own news anchor for enthusiastic comparing the minister with Hollywood tough guy Bruce Willis, while Stern magazine published a gushing article on Varoufakis’s "classical masculinity".
"Varoufakis is without doubt a man full of charisma," ZDF anchor Marietta Slomka said on air. "Visually, he’s someone you could imagine starring in a film like ‘Die Hard 6’ - he’s an interesting character."..
...The host of the ZDF parody "Heute Show", Oliver Welke, ridiculed his "lovestruck" colleague over the 53-year-old Varoufakis but admitted: "He is an incredibly attractive man."
Varoufakis’s casual tie-less appearance - especially the fact that he does not tuck his dress shirts in and leaves their tops unbuttoned - was an unlikely focus of news reports in Germany, an unusual angle in a country whose leaders have been firmly insisting on Greece fulfilling austerity pledges.
"What makes Yanis Varoufakis a sex icon" was a headline in conservative newspaper Die Welt over a story that raved about "his balding head, cool style and muscular Yamaha motorcycle".
"He rattles around Athens on a big, black motorcycle, never tucks his shirts in and radiates a sort of classical masculinity that you only usually see in Greek statues," Stern wrote. "He’s not one of the world’s most respected economists, but a man whose good looks separate him from all the grey suits."
German woman are horny, you should have seen what an E German blond was willing to do to get out of E Berlin in the 80's
Marietta's not hard to look at. http://www.nwz-inside.de/News/Music-Stars-und-Style/Boulevard-und-Stars/...
I hope the zombies from L4D show up and fix things. I feel that's as likely to work as the more obvious options.