This page has been archived and commenting is disabled.

Eurogroup-Greece "Deal Or No Deal" Press Conference Begins - Live Feed

Tyler Durden's picture




 

EU President Jeroen Dijsselbloem is about to explain how there is an agreement in principle (if Greece folds, follows the program it's been given and behaves itself - which they have since confirmed they won't) and that discussions are ongoing (haven't changed on bit all day)...

The Greek government has had enough of the delays, and has released its own statement, reports Helena Smith in Athens. And crucially, it reads,

“At this euro group there has been no agreement.”

 

“An extension of the memorandum cannot be accepted. Negotiations will continue with the goal [of achieving[ a mutually beneficial agreement.”

The statement added that the Greek side had put forward well-founded arguments as to why the bailout accord had failed, enlightening listeners on Greece’s problems of public debt and the humanitarian crisis it has also suffered.

 

 

 

Press Conference Live Feed:

* * *

As The Telegrpah reports,

As the meeting went on into the night, conflciting accounts began to emerge that indicated the two sides had been unable to find common ground.

 

Two official sources told Reuters that, while there was no deal had been struck, a joint statement was being drafted that could leave it open for Greece to extend its current bail-out deal.

 

However, a Greek official said that Athens would not sign up to an arrangement that would see the bail-out's term being extended. Reports seemed to indicate that the wording of any agreement was key to progress, with the Greeks wanting an accord to show their voters that they secured an end to the current deal but had reached an arrangement that woudl prevent financial chaos.

*  *  *

 
 
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 02/11/2015 - 18:28 | 5773376 junction
junction's picture

Get real. No deal!

Wed, 02/11/2015 - 18:33 | 5773394 stocktivity
stocktivity's picture

It's all Bullshit!!!

Wed, 02/11/2015 - 18:38 | 5773420 negative rates
negative rates's picture

And there off, the black horse is off to a good start, but here comes whitey as they go into the first turn.................

Wed, 02/11/2015 - 19:31 | 5773601 Arius
Arius's picture

this guy is a joke ... he doesnt even know how to lie

 

on the first question he states what the handlers told him: we are working.... be patient blahh blahhh

on the third question he replies saying none is going to do anything until Monday because we have no political agreement therefore the experts cannot work on details ...then he realizes he talked to much and just closed the press conference ... cant they do any better than this ?  i mean really ... it is insulting

Wed, 02/11/2015 - 20:07 | 5773793 new game
new game's picture

has the fat greek sang yet?

Wed, 02/11/2015 - 18:38 | 5773418 RaceToTheBottom
RaceToTheBottom's picture

Cut the meeting short and get on a plane to china.  See what those guys have to say?

Check out one of those empty cities we keep hearing about.

Wed, 02/11/2015 - 18:56 | 5773490 dimwitted economist
dimwitted economist's picture

Greece.. Blah.. Blah... Blah... Debt... Blah... Blah... Blah... ISIS/ISIL WTF??????? Ukraine/Russia WTF???? OIL WTF?????? tell me where is SANITY?

Wed, 02/11/2015 - 19:49 | 5773690 Nobody For President
Nobody For President's picture

Sanity?

Gold.

Silver.

Brass/Lead.

Tight community.

Garden. Food and flowers.

Wood stoves and wood.

Well stocked pantry.

Be your own water and power company.

Wed, 02/11/2015 - 19:10 | 5773551 zorba THE GREEK
zorba THE GREEK's picture

Gotta love them Greeks, they reject slavery, even if it means death. 

Death is the ultimate freedom. If only Americans will wake up and

join them.

Wed, 02/11/2015 - 20:34 | 5773834 noben
noben's picture

We were glowing like metal on the edge of a knife,
We could see Paradise by the Dashboard light...

Greece:
I gotta know right now
Do you love me?
Will you fund me forever?
Do you need me?
Will you never leave me?
Will you make me so happy
For the rest of my life?
Will you take me away
Or will you take me with strife?
I gotta know right now
Before we go any further
Do you love me?
And will you fund me forever?

EU:
We couldn't take it any longer
Lord we were crazed
And when the feeling came upon us
Like a tidal wave
We started swearing to our god
And on our mother's grave
That we would fund you to the end of time
We swore we'd fund you to the end of time

So now we're praying for the end of time
To hurry up and arrive
'Cause if we gotta spend another minute with you
We don't think that we can really survive
We always break our promises and forget our vows
So God only knows what we can do right now
We're praying for the end of time
It's all we can do (ooh, ooh)
We're praying for the end of time
So we can end our time with you

https://www.youtube.com/watch?v=C11MzbEcHlw
His name was Robert Paulson

Thu, 02/12/2015 - 06:17 | 5774911 supercelld
supercelld's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Wed, 02/11/2015 - 18:30 | 5773384 giovanni_f
giovanni_f's picture

This could be the neat little black swan all were waiting for. Spread your wings...

Wed, 02/11/2015 - 18:31 | 5773388 DavidC
DavidC's picture

Please. Please!

DavidC

Wed, 02/11/2015 - 18:32 | 5773392 giovanni_f
giovanni_f's picture

flap-flap

Wed, 02/11/2015 - 18:36 | 5773406 NoVa
NoVa's picture

3rd round draft means the Lawyers are working on it now

Wed, 02/11/2015 - 18:49 | 5773453 HardlyZero
HardlyZero's picture

The proposal is in the fluffer stage of development, to be followed by the business jargon filter and booster mix, to be followed by the legalese blend.

Hot Frape'  ! mmm.

Wed, 02/11/2015 - 18:32 | 5773391 Yen Cross
Yen Cross's picture

 The eur/jpy m-5 chart left some "skid marks" on my screens.

Wed, 02/11/2015 - 18:34 | 5773396 dreadnaught
dreadnaught's picture

so give us the start time in US Eastern.....i can see heads moving but no sound

Wed, 02/11/2015 - 18:38 | 5773416 Yen Cross
Yen Cross's picture

 The "Tokyo Fix". GMT+9. (90 minutes)

Wed, 02/11/2015 - 18:34 | 5773399 Rainman
Rainman's picture

Congrats to all parties involved ... everything that could go wrong in 16 yrs. with a common eurocurrency is going wrong. Sooner this bitch dies the better.

Wed, 02/11/2015 - 19:52 | 5773717 Nobody For President
Nobody For President's picture

Rainman, you are cynical enough to have a rational conversation with.

Wed, 02/11/2015 - 18:44 | 5773444 walküre
walküre's picture

When the Troika shut down ERT, they pretty much paved the way for Syrizia and Golden Dawn. ERT was the propaganda tool for the established parties.

Not so smart now, are they?

In a very grotesque and almost kafkaesque way, Troika did Greeks a favor!

Wed, 02/11/2015 - 18:58 | 5773499 Arius
Arius's picture

"Not so smart now, are they?"

 

you still think all of this is about greece ?  not sure who is the smart one...

Wed, 02/11/2015 - 19:07 | 5773541 walküre
walküre's picture

if Troika had left ERT operating, the Greeks would have voted for another EU pawn government

you think Troika's plan was to incite the turmoil and bring a party in power that would challenge the EU and Troika?

everything is possible, I guess .. that would also mean that EU led by Germany wanted the Greeks to commit GREXIT out of their own doing?

so if GREXIT happens, the Germans will be happy that their plan worked?

Wed, 02/11/2015 - 19:25 | 5773591 Arius
Arius's picture

europe was designed to fail ... you have one currency yet each country issues his own bonds.  until now it has been greece, soon they will move to others

Wed, 02/11/2015 - 19:31 | 5773611 walküre
walküre's picture

Europeans were sold a ruse. They were told lies and left in a state of complacency. It cannot work this way and it should have never been tried. Once again the people followed their leadership blindly and are now paying the consequences. Oppostion to the EU and the Euro was practically shut down and always overruled.

Is this really what the people wanted? It can't be true.

As always, follow the money and ask who benefited the most?

Wed, 02/11/2015 - 19:38 | 5773636 DutchR
DutchR's picture

Hahahah, we told NO and a year later they say yes, all you need to know.

 

 

Wed, 02/11/2015 - 18:36 | 5773409 dirtyfiles
dirtyfiles's picture

"conflicting accounts began to emerge that indicated the two sides had been unable to find common ground"

one must be deaf or blind to see a agreement here

Wed, 02/11/2015 - 18:37 | 5773410 stateside
stateside's picture

Let me know if you see any lips moving. That way I'll know they are lying. 

Wed, 02/11/2015 - 18:37 | 5773411 FMR Bankster
FMR Bankster's picture

Both sides desperately want a deal. Just one small detail to be worked out, Greece doesn't want to pay and the rest of Europe expects them too. Other than that small detail everything else is settled.

Wed, 02/11/2015 - 19:38 | 5773638 thinkmoretalkless
thinkmoretalkless's picture

Well it is encouraging that they have a framework

Wed, 02/11/2015 - 18:38 | 5773417 lucky43113
lucky43113's picture

Deal or no Deal do they get a chance to change cases at the last minute like on tv?

Wed, 02/11/2015 - 18:42 | 5773433 dirtyfiles
dirtyfiles's picture

no cases swap but you can change your mind the next day is that ok?

Wed, 02/11/2015 - 18:41 | 5773431 Neue Regel
Neue Regel's picture

Well it cant be good if it's taking them this long to have the press conference. I guess it isn't going as smoothly as the Minsk negotiations?

Wed, 02/11/2015 - 18:46 | 5773448 walküre
walküre's picture

Dijsselboom: What do I say? What do I say?

Anyone? What the fuck am I going t report now?

Wed, 02/11/2015 - 19:02 | 5773510 Yen Cross
Yen Cross's picture

  Do you remember when he was named head of the Eurogroup last year? He wasn't completely "Juncker'ed" yet. He suggested the Euroarea debt was unsustainable, then backtracked within hours, courtesy of BBG and RTRS.

Wed, 02/11/2015 - 19:10 | 5773546 walküre
walküre's picture

Cyprus is a template ... Dijsselbloem 2013

not the smartest tool in the shed

Wed, 02/11/2015 - 19:40 | 5773645 DutchR
DutchR's picture

Like to compare bank accounts?

 

/s  i don't know you but i think he's not stupid

Wed, 02/11/2015 - 19:57 | 5773749 Yen Cross
Yen Cross's picture

  We're not discussing intellect.

Wed, 02/11/2015 - 20:03 | 5773776 walküre
walküre's picture

Correct. But I'm willing to concede that Dijsselbloem is maturing at the table. Juncker's "when it gets really bad, you lie" comment was just as stupid. Glad they show their true colors sometimes though.

Wed, 02/11/2015 - 18:50 | 5773467 HardlyZero
HardlyZero's picture

Hope everyone leaves intact, and no one gets damaged.

And everyone leaves as they came.  (no missing persons)

Wed, 02/11/2015 - 19:00 | 5773504 NDXTrader
NDXTrader's picture

Funny that they are so worried about the language so they don't spook the financial markets - THEY ARE THE FINANCIAL MARKETS! A quick call to Draghi's henchmen in the bowels of the ECB to start buying Euros and selling Yen and everything is solved

Wed, 02/11/2015 - 19:05 | 5773523 falak pema
falak pema's picture

tomorow is another day for the Political call.

Once the political call is made, the financials will be ironed out.

Political call is by Mutti and Juncker (for the others). Period.

Mutti will be tired from Minsk tension. Lets see what happens there. More urgent.

Greece is a problem that can be stretched out.

Wed, 02/11/2015 - 19:10 | 5773552 Neue Regel
Neue Regel's picture

"

Greece: No agreement at the eurogroup

The Greek government has had enough of the delays, and has released its own statement, reports Helena Smith in Athens. 

And crucially, it reads, 

“At this euro group there has been no agreement.” 

“An extension of the memorandum cannot be accepted. Negotiations will continue with the goal [of achieving[ a mutually beneficial agreement.”

The statement adding that the Greek side had put forward well-founded arguments as to why the bailout accord had failed, enlightening listeners on Greece’s problems of public debt and the humanitarian crisis it has also suffered.

"

Wed, 02/11/2015 - 19:14 | 5773564 dirtyfiles
dirtyfiles's picture

good one

Wed, 02/11/2015 - 19:20 | 5773574 Berspankme
Berspankme's picture

So these eurofags are just now understanding Greece's position and calling them good points? seriously? Fuck the Fascist Brussels gang

Wed, 02/11/2015 - 19:17 | 5773569 Neue Regel
Neue Regel's picture

I seriously hate CNBC. Those bastards can't keep getting away with manipulating the markets like this. Isnt there some SEC shit to watch over this. Wait haha...I said SEC.

Wed, 02/11/2015 - 19:18 | 5773570 B2u
B2u's picture

Greek?  Anybody want to buy a Tesla?

Wed, 02/11/2015 - 19:19 | 5773571 Neue Regel
Neue Regel's picture

So the logical response for the market would be to go nicely negative on a no deal much like it went up 15 handles on a deal rumor. Im not holding my breath.

Wed, 02/11/2015 - 19:23 | 5773585 walküre
walküre's picture

no progress.. no talks.. Monday will be the same story

GREXIT is coming

switching gears to the meetings in Minsk where a peace agreement will not be reached either unless Ukraine government accepts a splitup of Ukraine

once the US moves weapons into Ukraine, all bets are off

Wed, 02/11/2015 - 19:35 | 5773626 epicurious
epicurious's picture

Wow I guess I was hoping to hear some exchange of positions and discussion of issues at least.  Let's see "we have'nt agreed on what to say we haven't agreed on".  Very impressive.  It's great to know the European Union is in such competent hands!

Wed, 02/11/2015 - 19:48 | 5773686 medium giraffe
medium giraffe's picture

Dieselboom just plead da fif?

Thu, 02/12/2015 - 00:00 | 5774464 Renegade0031
Renegade0031's picture

How The Dutch media thinks about our great and beloved financial leader:

http://www.geenstijl.nl/mt/archieven/2015/01/dijsselboem_varoufokis_fotos.html
http://www.geenstijl.nl/mt/archieven/2015/01/dikke_vinger_voor_dijs.html

Please DO NOT TAKE THIS GUY SERIOUS WARNING!

Do NOT follow this link or you will be banned from the site!