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Greek Deal Falls Apart After EU Says "No Way Forward", No Eurogroup Statement; Greece "Questions Merit" Of Bailout Extension
NO DEAL!!! -
- *DIJSSELBLOEM: NO STATEMENT POSSIBLE WITHOUT JOINT CONCLUSIONS
- *DIJSSELBLOEM: POLITICAL AGREEMENT NEEDED ON THE WAY FORWARD
- *DIJSSELBLOEM: TO CONTINUE TALKS ON MONDAY, MOVE ON FROM THERE
#Greece gov't sources tell @geoterzis there was no agreement at #Eurogroup, extension to MoU will not be accepted & consultation will go on
— Kathimerini English (@ekathimerini) February 11, 2015
The Full Dijsselbloem statement:
Good evening.
Today, as you well know, we had an extra Eurogroup to start our talks with the new Greek colleague, to already cover some ground in advance of the regular Eurogroup, which is on Monday.
It was the first opportunity to meet and to listen to the new Greek colleague on their plans, ambitions of their government. And that was very welcome and useful. We had an intense discussion and constructive, covering a lot of ground, also making progress, but not enough progress at this point to come to joint conclusions. So, we will continue our talks on Monday.
On Monday, we have a regular Eurogroup, with a number of items on the agenda, but we will also continue our talks on Greece and our current and future cooperation with Greece. That is where we stand. So, there are no real conclusions, which I can share with you. You will have to bear with us a little longer. We will continue our talks on Monday. And that is as far I can go, at this point. I am open to all your questions, but I am already going to say to you to be patient and I will probably repeat that five times to your questions. But I will try anyway.
And why Greece matters.
Official exposure to #Greece for EZ countries non-negligible: €330bn of exposure to Greek govt, 3.5% of EZ GDP (Barc) pic.twitter.com/unXgd8rmTJ
— Holger Zschaepitz (@Schuldensuehner) February 12, 2015
But only one man mattered:
Greek FinMin varoufakis' statement:
What @yanisvaroufakis said in Greek to the Greeks sounded far more interesting than his words in English pic.twitter.com/09UqAPnDnn
— Bruno Waterfield (@BrunoBrussels) February 11, 2015
And it appears Mr. Varoufakis is not afraid to mis it up with the landed gentry of the mainstream media...
* * *
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.
- *VAROUFAKIS HOPES FOR `OPTIMAL' CONCLUSION AT MONDAY EURO GROUP
- *VAROUFAKIS SAYS EURO GROUP MEETING WAS VERY CONSTRUCTIVE
- *VAROUFAKIS: THIS EURO GROUP WAS NOT MEANT TO SETTLE ANY ISSUES
- *VAROUFAKIS SAYS IT'S `NORMAL, NATURAL' TO WAIT UNTIL MONDAY
- *GREECE WOULD NEVER AGREE TO STAY IN CURRENT PROGRAM: VAROUFAKIS
- *EXISTING PROGRAM HAS BEEN CATASTROPHIC, VAROUFAKIS SAYS
* * *
Thanks CNBC
— zerohedge (@zerohedge) February 11, 2015
- *PADOAN SAYS GREECE EURO TALKS WERE 'AT TIMES FRANK'
* * *
UPDATE: From Reuters: NO DEAL YET ON GREECE
- EUROGROUP SOURCE TELLS REUTERS NO "DEAL" YET WITH GREECE, MAY BE AN AGREEMENT TO EXPLORE POSSIBILITY OF EXTENDING BAILOUT PROGRAMME
- SECOND EUROGROUP SOURCE SAYS GREECE AGREES IN PRINCIPLE TO MEET ITS FINANCIAL OBLIGATIONS IN DRAFT COMMON STATEMENT
- GREEK GOVT OFFICIAL SAYS NO AGREEMENT IN EUROGROUP, GREECE WILL NOT ACCEPT AN EXTENSION OF CURRENT BAILOUT
And stocks and EURUSD give back almost nothing...FOMO!!
* * *
And so it begins... 1am local time and we get 'unidentified sources' stating that:
- *GREECE AGREEMENT `IN PRINCIPLE' REACHED, CNBC REPORTS
- *GREECE WILL STAY IN EU BAILOUT PROGRAM, CNBC REPORTS
- *DETAILS OF GREECE DEAL UNCLEAR, CNBC REPORTS
Stocks futures and EURUSD are surging on it but we suspect - given the timing - that there is no detail yet and this is nothing but a blanket statement of effort for compromise to calm Greek bank stocks for the week as they reach ELA limits.
- *GREECE, EUROPE SAID TO MOVE TOWARD BAILOUT EXTENSION
- *GREECE, EURO AREA DISCUSSING LANGUAGE ON BAILOUT EXTENSION
It appears the "deal" of an agreement "in principle" means that if Greece folds and satocks to Germany's program demands then The EU will allow them to stay in and fund them... LMFAO!!
The kneejerk reaction...
We can't help but suspect this is about rallying Greek banks for the next few days to avoid being forced into a rapid decision ahead of the final statement next Monday:
- *FINAL DETAILS OF GREEK DEAL WILL BE KNOWN MONDAY, CNBC REPORTS
We shall see...
* * *
The seating chart... Greece center stage right...
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"Greek officials are apparently briefing that an agreement has not been reached -- as their team could not accept extending the current bailout. That’s via Capital GR’s Efi Efthimiou"
Extending the bailout means extending the bondage
Greeks would never accept that. Why should they? They are poor so that German bankers and so on can live lavishly? Greeks peddle harder to avoid a default of Douche Bank which is loaded to the gilts with derivatives on Greek bets?
Fuck 'em. Please blow up Douche Bank and bring the Germans to their senses. They've become to complacent and taking too much for granted.
Germans haven't been hungry and miserable for a long time. They're only at their best when faced with a challenge. I know what I'm talking about.
For example, look at the desaster in Berlin (Airport) and Stuttgart (train station). Not to mention the stupid Merkel cunt cutting off the nuclear power.
Time buying "HOPIUM" ? And a break for a Troika scoop out of the poopy laden panties?
If they can sell grilled cheese sandwiches out of 4 trucks and have a market cap of $100 million, I am going to sell "hopium" in easy to open foil packs.
Crushed glass with a warning label not to use in conjunction with kool-aid as product may cause internal bleeding. That should cover any liabilities, shouldn't it?
Offer double your money back if not absolutely delighted after 90 days of use and you should be golden there.
obama likes grilled cheese. there you go. and kardashians also. and bruce jenner said he hopes to eat grilled cheese all the way through his 'transition'. brian williams likes it also.
Hey, did you hear that they finally settled on what Bruce's new name will be...
48765309
Hey, people, we are all Greeks.
http://youtu.be/B9fi1H13120
whatever happens you can bet your last dollar it will be BULLISH in the end
my neighbor's sister-in-law makes $86 /hr on the laptop . She has been out of work for ten months but last month her pay check was $19485 just working on the laptop for a few hours. why not look here... www.globe-report.com
Another marketing idea whose time has come. Spam-be-gone. (and your bloodline as well...)
MY Grandma, in between baking cookies and joining her sewing circle, STILL managed to make nearly $1000.00 a day using this simple freaky process that you have RIGHT IN YOUR OWN HOME! Compare that to your shitty $86/hr-thats barely checking in the dryer/couch money
I'm making over 60 billion Euros a month out of thin air working part time for the ECB!!!
I kept hearing other people tell me how much money they can print at central banks so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do..
-Print Euros to buy interest bearing bonds
-Wait until the interest on those loans can not be paid off by Governments unless they incur more debt
-Wait until there is blood in the streets and print more Euros so I can lend them at NIRP to my proxy holding company and buy real assets such as water rights, minerals, precious metals and real estate!
Rise repeat!
Nobody is leaving the EU. Just look around... the elite want a global monetary reset and are systematically bankrupting/lending to each and every country they possibly can with one goal in mind. Bankrupt the entire world economy (ideally) simultanteously then hit their "RESET BUTTON" and implement THEIR PLAN without much resistance... even it it tastes bad to the 99%. Put EVERYONE in debtor's prison via CDOs, Derivative debt, QE, etc., then when the time is right (for the 1%) the 99% will be forced to comply worldwide. All I can say is this is a LOT bigger than Greece/Grexit... look at the big picture and quit drinking their koolaide. Those in power are aiming for a 1-world economy (no matter what it takes... more police, more military, more wars, more QE, more bailouts, more debt, etc.). People in debt with nothing to lose will be considerably more compliant when the 1% hit the reset button if they have nothing to lose... those with a lot to lose... they will be more resistant. They can't bankrupt us all, but as long as they can bankrupt the majority of people and countries across the board, the easier it will be to implement a new global economic/political/governmental system and do so on the basis of "it's an emergency, we have to do it this way"... the biggest part of the plan to transfer most of the wealth/power to the 1%/banksters is complete while wiping out the middle class, etc. All that's left now... empty every person's bank account, empty every country's bank account, put every woman, child, man and country deep into debt... debt = control and in order for the transition to take place smoothly you've got to put everyone in the same boat at the same time so when you pop the cork and the ship starts sinking the passengers will agree to anything just to stay alive... it's just easier that way.
Then the AntiChrist shows up and it gets Really Bad.
***
"Archangel 1 prepare for Maximum Warp. We must save Earth."
"Yes, Lord."
I for one welcome our new intergalactic overlords...
Seriously, could even an alien jelly blob that digests teenagers, or guy in a silver dentist's outfit, do as bad a job as our current crew?
We should send beacons into space INVITING other intelligent life-forms to come and conquer us...Really, I think maybe it's time for Earth Inc. to seek other investors, dump the Board of Directors.
We could always send them pics of DSK and his orgies and tell them that folks like this run our global economy, but then they'd probably just laser-fry our planet instantly.
That scenario wouldn't play out beyond the third sentence...
Don't forget, that '99%' is not ONE group of easily corralled sheeple. In that 99% are most of your military, your religious groups, your revolutionaries and militias, political blocs, etc. ALL of whom can, and have in the past, seized control from TPTB at the time.
In fact, power gets handed over quite a lot if you look at the history. The 1% is a very fluid group...in our day, it's bankers. But sometimes it's generals, or newly-formed political parties, or religious leaders...
They won't even get CLOSE to world domination. Of course, that doesn't mean they won't make one hell of a mess trying.
Bemused.... thanks for the 99% cheerleader posting... so idealistic, so naive, so insanely positivly rebellous. The sheeple have been trained not to revolt/fight back...
I suspect you will be VERY dissappointed should that day arrive in the 99%'s "run, scurry and hide" response when confronted by police and the Natational Guard.
AH....well here's certainly a fine rumor to kick around for a while to manipulate markets.
discussions on paving new road for can kicking is so stimulating
whatever the final outcome is, when it is known, these 3 things are a lock:
1 US Treasuries will be well bid
2 DOW-S&P-DAQ will burst higher
3 gold & silver will be smashed lower
Ho-lee Shit, boys, we have a total defection on our hands.
You mean defecation don't you?
The Vampire Squid said the S&P will hit 2100 this year. The Vampire Squid is never wrong.
There is not going to be a deal even if the Finance Minister agrees to take one home. Last time he met with the EU he kissed its ass only to get shut down by the home guard. That being said, the GRExit doesn't mean shit anyway. It is a small problem that can be solved with a printing press.
...the GRExit doesn't mean shit
yep. it's not like da boyz are ever gonna take a loss. they are the ones who set this whole thing up and they have made a profit every step of the way. much ado about nothing imo.
or one of those special Brussels bank accounts opened in Switzerland to stash all their Gold winnings. How many got dachas and hidey holes ? bet its more than one, and they all have each other's phone number.
"It is a small problem that can be solved with a printing press."
You clearly don't understand the purpose of the €!
Isn't it like midnight in Greece right now? This was a timed move to manipulate the markets.......Nothing changes
Of course. We were having problems getting to an ATH today. Notice the denial has only retraced half of the initial move. Tomorrow there will be another rumor floated and the same thing will happen until we take out every bearish chart..........again
The sheeple are now so conditioned to never worry about anything that if a 100 mile meteor hitting the earth tomorrow would cause ES +50 minimum.
This is clearly the MIC guaging the potential fallout in "realtime". It's pretty fucking laughable actually...
This situation is highly reminiscent of most of the C/B shenanigans over the last 7 years.
The oligarchs haven't finished their Doomsday ark yet.
Does it really need reiterating that if it is in the msm, it is a fucking lie?
What a crock. Nothing will be done to disrupt the order of the markets. Ukraine will be solved for awhile and Greece appeased in some manner to keep the calm and Strong Dollar/USA until all the chairs are arranged in their favor and then stop the music.
The $usd is in a very clear topping cycle on the weekly charts. The $usd has been in an uptrend since April 24th of 2011.
When people say the $usd has been soft, they're incorrect. When the ECB starts it's QE program in March the $usd will selloff, as hot money moves to the European markets.
This is why there's been no concertive effort by the Fed. to lower $usd vs FX Major valuations. What happened to bond yields when the Fed. discontinued QE? They did the EXACT opposite the market thought they would do.
GREECE: DEFAULT! DEFAULT! DEFAULT! and EXIT
Amen, brother (or sister),
but the Greeks want the money rather than the pain of having to get a menial job in the tourist industry.
I/we used to ask "What would Jesus do?"
These days we may ask "What would Brian Williams do?"
What have we come to?
And religious elites rue the day the Bible was translated into the common language of the people...
Audit the Fed.
If Greece would just suck it up, pull out of the Euro, go through it's "Special Period", as Cuba did, i.e. prepare their landscape for personal "Victory" (organic) gardens, start riding bicycles and live within their means, then after the initial realization that a plus 20% "body fat" Greek will become a thing of the past. at least for the next 10, 20 or so years. Greece and its citiizens will become, much like Cuba has become, the most sustainable and healthiest country per capita in the greater Europe region.
Note: it's the first couple of years that will push a few buttons for many in the Collective, i.e. overcoming the varioius addictions that going cold turkey entails. However, after that, for those who survive, expect smooth economical, social and environmental sailing for their sovereign country, free of the Zionist clutches.
The lobotomy scars hardly show. You must have had one hell of a surgeon.
I'm all for Greece striking out on its own, but they don't want that at all. They want the money and they'll take it from whomever is willing to give it to them. They hope to play the EU off against Russia and China, but the only thing they will get out of those two countries are sympathetic pats on the back and offers to buy any remaining assets of the Greek state at giveaway pawn-shop prices.
Yes, it is bizarre. Greece is "threatening" to borrow money from other countries it will never pay back. Yea, that'll show those Eurocrats. Even if Greece leaves, the Eurocrats will just continue to cover the Greek bond payments on paper owned by banks and sovereigns, and they'll foist the bill on Greece in absentia. The markets will accept that, as it is no more untoward than the whole idea of QE, or any of the other bailouts of Greece.
As for China and Russia, they're fighting to adopt Lindsay Lohan. Or it's like the old joke: The winner gets a week in Cleveland, the loser gets two weeks in Cleveland.
Two weeks in Cleveland. I like that.
It's more like Greece is threatening complete default and Russia and China are offering sanctuary and military protection, with a future ports deal and natty pipeline deals.
Greece is one of the Balkans, and it has that distinction for a well established reason.
Greece is going old school on the EU.
Yes "tarabel" I did have a good surgeon, but that's beside point. Austerity will be coming to knock on ALL of our doors, sooner than later. It's just the nature of the hole we've all dug ourselves into. In life, as observed around us, we see and experience expansion and contraction, expansion, contraction happening on all strata of creation. It's a naturall mechanic of Nature. In our case, as humans on the planet right now, we are stuck (in our minds in expansion mode when we should be in contraction mode, in regards to the financial world and the resource world, i.e. our present trajectory is NOT SUSTAINABLE, and hasn't been for a long, long time. So, based on the surgery you think I had, or need, I'm allowed to error here, but I say the great account in the sky is coming to pay us all a visit. Resources and Finances are finite on this planet. And when the tally has been added up, our new life-styles, based on Austerity Measures (and we're not talking about our stupid fucking Zionist Government Corporation in America making that call) are going to slam dunk us all into 'living within our means'. There will be no "give aways" because there will be nothing to give away. Everyone will have to take responsibility for 'packing out what one packs in', so to speak.
Mathmatically speaking, the "haves" can no longer support the "have nots". Those in Greece are going to have to "you can pay me now, or pay me later" suck it up, deal with the reality of where they find themselves in, as most countries, like Greece, will have to do the same. Anyway, I'm rambling here and probably not making any sense to anyone other than myself. Side effects of the operation.
x
No, I quite agree with the makers and the takers thing you aver to.
But I do not consider Cuba to be a raging success story and a role model for the rest of humanity. I listen to RHC almost every night and it's really rather frightening once you penetrate the facade of false just-like-us normality they offer up.
As for me, I'm out here on the ranch and hoping that things hold together long enough for me to get a crop in before stuff goes totally wacky.
The Calvinism hardly shows. You must have had one hell of a protestant upbringing.
I'm all for you shutting the fuck up about some morality lever that has come to serve as the groundwork for central banks to rape and pillage sovereign states with their extraterritorial finance wars. You feel you deserve what you got because of only your hard work and you'll take that as evidence of your blessings from god. You hope to differentiate yourself from victims of the banks, but the only thing you will get out of this delusion is self-hatred when the bubble collapse snatches you from the predestination of which you believe your financial success is sacred evidence.
Don't worry, Upgrayedd is praying for you.
Not much in the way of courting - more of a quickie.
Grexit pending.
Just as long as this shit doesn't effect trading. THAT is what matters. Greek slaves beholden to Eurozone Banking Faggery? Fuck em! My shares in AAPL? Don't fuck with them.
Greeks.. please leave EURO zone. Or even EU. Go to other doors to knock for financial help. Go back to your drahma, declare default, etc. do what ever you want. But don't come back begging for more money.
Thank you!
But don't come back begging for more money or potatoes... There, fixed it for you.
Standard Disclaimer: Where would any of your posts be without the Latvian potato meme rearing it's ugly head?
Are you sure that's correct? I always thought of potatoes as more of an Irish/Russian thing. The Baltics were big on amber.
I'd be more impressed with Greek fortitude and honesty if their position were one of saying that they wanted no more money period and were going to rediscover the virtues of the simpler life. As it is, they want the money, but not those pesky Terms and Conditions. So I regard them as simpering hypocrites rather than sturdy, independence-minded yeomen.
idiot-they never have begged for money-it is the installed bankers and the banker installed politicians that have arranged these loans-THEY WERE NOT PAID TO THE PEOPLE OF GREECE but to the banks
Actually, they have reached the penultimate stage of the Greater Uomi tribe where they DEMAND money as their right. No begging about it at all.
But, to take your arugment at face value...
Okay, the money went to the banks. Default and move on. Kick out the parasites and start over.
But no. They want to retain the lifestyle that borrowed money bought. And the parasites are the government. Were, are and always will be.
How ya gonna keep em down on the farm
Once they've seen Paree?
I believe the line is "How ya gonna keep em down on the farm...once they've seen Karl Hungus"
Is that the seat map? Greece nestled between Spain and Ireland facing Austria?
Just looking at how this thing is setup and who thinks they have a mandate "negotiating" what will truly affect millions of people regardless of the outcome boggles the mind.
The bankers run the show and yet, not a single banker is present at the meetings. What do these "Finance" ministers really have to bring to the "table"? They can probably not even balance their own chequebooks. A bunch of guys discussing huge budgets and debts that none of them can comprehend anymore.
Go home guys and call your bankers to go fuck themselves. Tell the bankers to put their own dicks on the line and duke this out with their own blood.
Can't believe they ramped the Dow up 140 points on that shit...and its still up 70 AH!
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?
The funniest part of this entire abortion is that these are the people we count on to fix things... Now that's scary.
We do?
Now you see it.
Now you don't
Now you see it
Now you don't.
Sounds like a bloody streaker running down a hill.
Greece needs to go on the Whimpy plan. Gladly pay what you owe next Tuesday!
"GREECE WILL STAY IN EU BAILOUT PROGRAM, CNBC REPORTS"
I smell horseshit. New Greek gov't ain't about to do a 180 on their own so soon after the election.
There is NO upside for Greece to delay things any further, but plenty of downside:
Any delays favor TPTB in the EU and IMF, because it gives them time to destabilize and remove the current Greek regime. The Greek Gov is playing it correct, by using the "Paradise by the Dashboard Light" strategy:
"Stop right there! Before we go any further... I got to know right now..."
SWEET - working that into your analogy = major props. Dude.
I heard they're going to decide who wins by playing Twister.
"Best of 3! No, best of 5! Okay, best of 7!"
If they get Dr. V on the playing mat ... he will bend a knee !
Is this the same Greece is fixed deal as two years ago that sent stocks soaring?
Because you know so many business deals in the USA all hinge on Greece. If Greece was fixed Tesla would have sold 20k cars in China. It was all Greece's fault.
Hoping for Iceland #2. That would be a good deal.
ECB has to bailout the banksters. The Fed the squid and other derivatives.
I snuck into the meeting, and the next thing I know, I got written in for a $15 bil loan provision. Thanks guys!
all these rumors are floated out there just to pump the ''market'' to all time highs.
the ''market'' has not gone down 1 bit due to greece, but somehow if a deal is reached, it will soar way past 18000 and 2100 respectivley on both indexes.
if there were ever going to be ''bad news'' expect it next sunday and monday bc the ''markets'' are closed for a holiday. then of course monday night, only good news will be heard so we go green.
so predictable
Only the NASDAQ hit new highs and only briefly, but what are details?
ur right, its been flat pretty much, meaning that bad news on greece is not factored in, so there is no reason for the''market'' to hit all time highs on any ''good''news, bc the ''market'' is pretty much saying the greece problem is a non issure for us even though we know thats not true
Greeks NEW Rockstar
https://www.youtube.com/watch?v=cK-4G4VWUz4#t=41
Wait a minute ... "Bestist friends with pope? Came outa nowhere?
http://beforeitsnews.com/global-unrest/2015/02/a-charismatic-new-world-l...
"
Greece: No agreement at the eurogroupThe Greek government has had enough of the delays, and has released its own statement, reports Helena Smith in Athens.
And crucially, it reads,
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."
Fuck the Euro! The Dollar dies next. After that, we hunt-down and Hang Central Banksters and their minions!
Dollar first. Europe will burn every single citizen in the great oven of growth b4 it accepts the inevitable.
dont forget Congress-they are hated more than Oblama-approval wise (10% vs 22%)
These conflicting CNBC (AKA:D.C. Narratives) stories were to test the "waters" for the Banking Cabal; now we wait.
Brian Williams says he was at the table and his 11th-hour suggestion is what saved the talks.....
...but I might have mis-remembered things....
I see that NBC is investigating his expense accounts now also. Could it be that this ten million dollar man is both a liar and a thief?
It must have not gone well and very little (if any) progress made or they would have met tomorrow (friday)
Why wait until Monday? To let heads cool.......and try again to not yell at each other.
And no statement?? Because the statement would show how far apart they are.
Would you like an after hours wash and rinse? lol
http://jessescrossroadscafe.blogspot.com/2015/02/headlines-greece-will-stay-in-europe.html
Greece would be foolish to make any deal with the European bankers. Such a deal would only continue their current form of enslavement and exacerbate their misery.
It's simply not possible to negotiate with bankers. They wish only to control people through debt. Please remember this quote from the film, The International:
Umberto Calvini: [In explaining the "true" nature of banking in the world] The IBBC is a bank. Their objective isn't to control the conflict, it's to control the debt that the conflict produces. You see, the real value of a conflict, the true value, is in the debt that it creates. You control the debt, you control everything. You find this upsetting, yes? But this is the very essence of the banking industry, to make us all, whether we be nations or individuals, slaves to debt.
http://www.imdb.com/title/tt0963178/quotes
Just watch GREK in after hours trading. It was up over a buck but now only up 40c.
Deal? No deal?
From a market trader's perspective, there is more money to be made from volatility than from boring regularity. No deal is incontrovertibly better than a deal. If a deal settles things, the market might have to look at fundamentals. Boooooring.
GO VOLATILITY!
Fuck the banks. I like this new turd. At least he is standing up for his peeps. The banksters KNEW fucking Greece could never repay the loans from day fucikng ONE. They shorted Greece. That's not "business" that's extortion.
Fuck 'em. Fuck the senior bond holders.
My thoughts exactly.....
"Goldman Jews Do Greece (America too) article: http://www.realjewnews.com/?p=482
Of course there's no deal. Dicklessbloem wants Syriza removed from power and liquidated, and replaced with people the Germans can count on to tighten the screws even further, to teach the uppity Greeks a lesson. He won't accept any deal short of unconditional surrender.
Why? Varoufakis insulted him on camera. It's personal now.
It's rarely appreciated how much of our masters' actions are motivated by simple spite and malice. Most are sociopaths, recall, whose genuine emotional range is limited to blind, murderous rage when they don't get what they want, and fear of bigger monsters than themselves.
You gotta love the CONTRARIANS NEWS BUBBLE CHANNEL, and the cast BRIAN WILLIAMS SCHOOL OF JOURANLISTS and their cast of stock gamers and operators, fleecing the muppets every day....
Kick them out. Save the rest of the EU.
Yanis and Tsipras, now is the time to stand firm. Stand your ground. Please. Bring this socialist charade known as "The EU" to an end and let the people of Europe get back to mutual friendships and beneficial trading with each other. The EU is an unnecessary obstruction to this.
Exactly, smacker. And what kind of political union is it when it is neither elected nor representative?
Former EU Commission president and Communist Jose Manuel Barroso serving from 2004 to November 2014 outlined what the EU was always meant to do as a single market, and that is “to plan ways the powers of Brussels can be further extended into every part of the member states economic and fiscal lives, including taking control of corporation tax rates.”
And for that kind of work Barroso made No. 1 spot on People With Money’s top 10 highest-paid politicians for 2014 with an estimated $58 million in combined earnings… pulling in an astonishing $58 million between March 2013 and March 2014, a nearly $30 million lead over his closest competition,” according to MEDIAMASS, April 13, 2014.
As Mary Ellen Synon explained while based in Brussels as a columnist at the Irish Daily Mail: “It all stinks.”
The bunch of EU sycophants in Brussels, like Barroso and current Commission President Jean-Claude Juncker, are all unelected, which means the EU is the least democratic organization since the U.S.S.R. Politburo.
And speaking of communists, MEP’s Nigel Farage has repeatedly warned of the communistic, authoritarian nature of the EU’s 27-membership, many either current or former communists.
For instance, Jose Manuel Durao Barroso was a former leader of the underground Maoist MRPP Communist Party of the Portuguese Workers/Revolutionary Movement of the Portuguese Proletariat. (Wikipedia)
On January 27, 2014, Before It’s News (BIN) wrote in No, the EU has not gone off the rails; we are seeing what was always intended that “The European project has not lost its way or gone beyond its original plan. It is firmly on track to achieve what its architects set out to do.”
The EUphile media, under the control of the bankers and supreme government in Brussels, hides the fact that the EU services “the vested interests of corporations that benefit from EU membership and rule by bureaucracy, while the negative consequences of membership are experienced by ordinary people as the democratic process is eroded and the capacity of people to effect change is eradicated."
Writes BIN: “The EU is supremely confident and relatively content with its patient implementation of the decades-old plan, hatched by the likes of Monnet and Salter, to develop one overall government for all of continental Europe. It was never about creating a continent-wide free trade area. The customs union was not the aim, just a consequence of creating a single political jurisdiction. In José Manuel Barroso’s own words, the agenda is ever closer union and ‘the EU needs to be big on big things and smaller on smaller things.’ Governance is a big thing and the EU will be big in governing, as per the long standing plan."
Continues BIN: The European project was always intended, slowly and deliberately, to relegate national governance to nothing more than a rubber stamping operation. By keeping nominal national governments in place, the distracted and barely cognisant populus would retain an impression of national sovereignty where none exists… in this long planned and slowly implemented subversion of national self determination..."
Source: https://autonomousmind.wordpress.com/2014/01/03/no-the-eu-has-not-gone-off-the-rails-we-are-seeing-what-was-always-intended/
I love the way communism seems to go so often from a presented ideal of equality and liberation of the working/peasant classes to a reality of dictators amassing control and personal wealth (Stalin's Soviet Russia, Pol Pot's Cambodia, the EU in Brussels). Then there are the more idealistic (read "clueless") communist idealists in Venezuela who waged war on personal property rights, directed all the nation's wealth to the poor, and made an economic basket-case out of a rich country. What do they have in common? Megalomaniacs who see themselves as entitled to lead the World to a bright new future (whether that future is bright and new for the World or bright and new for the wealth and power of the megalomaniac.....).
An excellent exposé of the EU's real agenda. Thanks JR. A country called "Europe" is what it's always been about from the beginning.
British politicians on both sides hide this agenda from the British people when they sign new treaties like the Lisbon Treaty (aka EU Constitution), which Gordoom Brown signed in a closed room with TV cameras not allowed in to record the event.
The EU is a stitch-up carried out with the active connivance of domestic political elites. Pretty much the same goes on in other European countries.
A socialist is going to end the socialist charade? The only debate here is who is going to pay the bill. Both groups of socialists are pointing the finger at each other.
Quite so. It's what makes supporting either side very difficult.
But it confirms my long held belief (and that of Edward Griffin) that sooner or later socialists always end up fighting each other like rats in a sack. At that point, some of them turn to communism whilst others turn to fascism. It's the totalitarian nature of both factions which makes it difficult in practice to get a paper wafer between them.
Isn't it possible for the Euro countries to force a deal tomorrow -- after all, the PMs>finance minister?
The EU
The whore that road the beast
image
https://euobserver.com/institutional/118148
Futures are up. All roads lead to stocks.
It'll be tough for the EU to leave the Greek's behind.
it'll be a mess when they pull out
Shit will hit the fan.
My favorite quote of the day:
"Expectations for this evening's emergency #eurogroup on #Greece were exceedingly low, and they still managed to fall short of them."
Monday, hmmm? Let's see...this is Wednesday. So I presume they mean Monday of NEXT week?
Uh, guys...if you want to create an atmosphere of tension in order to press your claim about how important this is, you might want to tighten that schedule a bit...
Just sayin'...
Stocks are just looking for an excuse to go up. Any good news will rocket them higher any bad news has little effect on them.
Exactly, but who are the morons buying at nosebleed levels? The Chinese? The FED? I can't see a good investor buying here, but I have been thinking that for almost 2 years. I guess overpriced can become more overpriced. Earnings are just atrocious and will get worse, yet prices go up. Stocks have become a Giffen Good.
The buyers are not morons, they are earning profits, based upon record-high carry trades and leverage. They all believe and hope that if there is a plunge, that they can get out before losing more than they gained, but the exit door is not that wide.
Cut greece out like a cancer.
Greece is trying to cut the EU out like a cancer.
Greek/EU Standoff – TND News Round-Up
http://thenewsdoctors.com/greekeu-standoff-tnd-news-round-up/
We've already established what you are madam...
Did I fall asleep for two days..its only Wednesday...why cant they work Thursday and Friday..oh thats right ...it Europe....they have three day work weeks...does anyone see a problem there.....now its party on the corporate credit card....
+1000
And this folks is the real problem. Who is carrying the water?
Hey dumba$$ durden,
If there is so much risk, why is the TED spread at 0.25?
Sincerely,
Ben
“I think a Greek default would be a wonderful outcome. Entities who participated in the Greek debt with the point of view that the rest of the world should bail them out should get what’s coming to them — good and hard."
Rick Rule on King world news.
Agreed hundred per cent.
"What @yanisvaroufakis said in Greek to the Greeks sounded far more interesting than his words in English"
1 side of mouth to rally the locals around you. Other side of mouth to not burn bridges with other players on the table.
The highly educated, motivated working peoples of the EU are the ones we should be allowing to freely immigrate to the United States, not Ayatollah Obama's chosen illiterate rabble!
That would be dumb ... they won't vote DEM automatically nor join a Union.
I like the way the Swiss deal with stuff better.
They don't drag it out and let the markets absorb the latest rumor.
all was fixed...
http://www.politicaleconomy.org/gaffney.htm
Something that will be called a deal will be reached, but it will be a can-kicking.
One of the market changes going on is the one week increase in the yield on the 10 yr UST bond.
Some central bank somewhere must be selling pretty large to cause that move. Note that the EU country rates are pretty stable. USD is seemingly strengthening but rates on the increase. I'd sure like to read some reasonable explanation of it.
Good point, Augustus. Something is awry. I'd like to read an explanation too.
Brother Nathanael's take on Greece. https://www.youtube.com/watch?v=73qPJAWqslc
Funny that it takes less money than Greece is asking for to keep the stock futures up for a few hours.
(seedy bar on the docks of a Greek port)
First, the Germans come here and kill with their Army.
Now, they strangle us with their Euro!
Kill them! Ouzo for everyone!
Diasphones, we are pretty lazy as a people.
Ha! We are Greeks! They already knew that! Ouzo!
Zorba:
Is it possible to talk by dancing? And yet I dare swear that's how the gods and devils must talk to one another.
https://www.youtube.com/watch?v=66dJoVawkb8
"Unidentified sources" = fuckheads from the EU, US, IMF etc.
It all can start on a tiny rarely visited place like Iceland. Now finally some blowback to Greece which may also tell the Bankers to go fuck themselves. Lets get this ponzi unraveling fast..The big D word is starting to become a concern. OBTW D stands for Deer in the headlights with a aritive added at no xtra charge plus you can get a second one for free just add xtra shipping and handleing...thx
Plain english direct statement of the situation:
The Greeks want the other members of the EU to donate (euphamistically referred to as "loan") money to Greece so that Greeks can continue to live better than they earn for themselves.
The other members of the EU do NOT want to donate any more money to Greece so that Greeks can live better than they earn for themselves.
Solution: EU members should tell the Greeks that if they can find a better deal elsewhere, then they should leave the EU and take the other deal. And good riddens to the parasites, err uh I mean Greeks.
This seems like a good time to ask whether or not Greece is going to default bitchez.
I've been asking that question for longer than some people have been on this planet. I said People wise guy. But other things have been behind some of my questions. One just crawled under my desk. And what are they going to do if they don't move to a gold backed monetary standard. I think they should go Iceland on them and do whatever it takes. Long live Greece. There'll always be a warm spot in my bed for Aphodite. So close to sleep and the intersection of frozen rivers.
The only question is who Greece defaults upon, some creditors are more important than others.
Geece can not move to a gold backed monetary standard. It has been advocated for a long time as a way to have austerity forced upon a country and the people by the relatively automatic market movements and discounting the currency value. Somewhat like a market enforced balanced budget clause. Recalling the number of times Greece has defaulted, without any gold standard, it is impossible to believe the country would ever accept the idea or even consider the proposition. Any recommendation that is not a form of Spend Baby Spend will never pass in a country commited to socialism as the Greeks have been.
The issue is not the current level of Greek debt - which will need to be written off one way or the other (I.e. whether Grece leaves the Eurozone or not). The real problem is that the Greeks want to keep the free spending ways that bankrupted them going forward (ie deficits as far as the eye can see). This includes higher pensions, 10000 more public employees, etc. If Germany agrees to keep these clowns in the Euro they will not only have to write the debt off, but they will need to subsidize these parasites indefinitely! Euroland might as well give Greece the boot and send them back to the Drachma where they belong.
The Bankers are no longer in power. The Greek people have not recieved a dime of the bailouts-the Bankers took it all= so your argument is moot--hang the Bankers and default
Natuurlijk had Christine Lagarde (sPion van Hollande en opvolger van DSK) het ook over 'een begin van een proces' om netwerk WitteGejT te dwingen te acteren in harmonie met de 'Logica van de 1'. De Europees Commissaris voor Economische en Financiële Zaken Pierre Moscovici moest van Juncker zeggen dat er 'enige tijd' nodig zal zijn om de blauwdruk voor het systeem 'Leven en Laten Leven' aan politici uit te leggen. Ondertussen blijft onze rechtelijke macht nog bezig om zoveel mogelijk mensen af te knijpen. Dit patroon zie je ook op wereldschaal terug.
http://nos.nl/artikel/2018781-nog-nooit-zo-veel-incassozaken.html
Het huidige leningenprogramma van Griekenland loopt deze maand af en het is nu al wel duidelijk dat de nieuwe regering van Griekenland zich niet wil corrumperen door garant te staan voor contracten die zijn geschreven in het SCHULD=h00P-paradigma. Want waarom zou Griekenland een hogere rente moeten betalen over 'gratis gecreëerd geld' dan de zogenaamd geldschieters. Immers de andere eurolanden hebben het geld ook niet, maar lenen het tegenwoordig zelfs tegen een negatieve rente.
http://www.nrc.nl/nieuws/2015/02/11/topoverleg-over-oekraine-wordt-nacht...
Ook het conflict in de Oekraïne gaat er in feite over 'hoe een failliet land' aan de verplichting kan voldoen. Netwerk Obama weet dat Merkel, Hollande, Porosjenko en Poetin nog niet precies weten waar BloemigeJeroen vannacht over heeft gedroomd. De informatie-stroom van gisteren vanuit zijn karma heeft vannacht gecorreleerd met zijn intuïtie en geweten en zijn bewustzijn beseft nu dat het tijd is geworden om de PvdA-top in te lichten over wat maandag waarschijnlijk naar buiten zal komen.
http://www.volkskrant.nl/buitenland/experts-europese-unie-naar-athene-vo...
Gisteren heeft Eurogroepvoorzitter Dijsselbloem nog aangegeven dat 'eenzijdige kwijtschelding van de geleende miljarden' niet aan de orde is en was. Toch vinden de ministers van Financiën van de eurozone het wel een leuk plan om de gehele financiële sector ineens te definieren als een criminele sector en dan de 'rente-inkomsten' van de hypotheek-contracten terug te vloeien in de gemeentekas.
De VVD-top begint steeds meer achter te lopen over de ID'en-strijd in netwerk Juncker en blijft onze @MinPres steunen, dat de 'wiskundige definitie van de absolute waarheid' niet door de mens te kennen is. De VVD-top beschouwt de nieuwsberichten van redactie@waarheiddelen.nl over de 3e SpinozaGolf dan ook als `karaktermoord' op de huidige rechtstaat. De Eurozone mag nu de andere MuntUnies inlichten dat ze ...
No nation (indeed, few individuals) want to be told--let alone be "required" --to change.
They may be profligate, but they are sovereign too.
The EU, it seems, is dragging this out for important reasons. No one can accurately predict the effects of a messy departure of Greece on European banks (who knows their real state in the frequent swirl of lies all over?).
What would other troubled member states do or expect?
Perhaps, most importantly, what would a Russian presence in central Europe mean to the EU, or NATO?
For all we know, Russia is very serious about it's offer of aid.
Then again, perhaps Russia has met frankly with Merkel, et al, to demand the EU drop sanctions, against them (which should never have been imposed in the first place), lest they actually do become Greece's new benefactor, and establish a beachhead in that country.
One thing seems clear to me: the EU will cave, despite Schauble's hard line, if Greece stands it's ground. It can't pay, it won't accept any more externally-demanded austerity (the new leadership can't cave having just won a close domestic election, and having just cobbled together a new coalition government at home), and it doesn't seem to be afraid of leaving the Eurozone. They have little to lose.
The EU, on the other hand, apparently is much more worried about something...else they wouldn't keep talking.
Even IF some sort of extended arrangement is agreed to, absent better economic conditions in the whole of the EU, Greece (and others) will not be able to pull out of their problems for a very long time. That also makes more stubborn (Schauble) negotiation rather pointless.
m
And, there's more:
What all of this ultimately boils down to, especially for Schauble, is the sanctity of a contract. What it should boil down to for all concerned, is the true meaning and scope of "Union"...
Germany wants what's due, because it's owed what's due, according to the agreement it entered into as a primary source of funds supporting the EU and ECB, when those entities acted to help Greece.
Aside from the loans, it also received assurances, as part of those deals, that Greece would demonstrate periodic progress in reforming itself into better financial health, and better governance to avoid profligate financial foolishness in the future.
Greece, for it's part, has made an effort to honor it's agreement, but has found those original terms (especially with regard to austerity) to be unreasonable and unjust. Because economic conditions generally are not good globally, these are very poor in the EU as well.
Now, Greece could make a number of defensive statements in support of it's refusal to continue with its EU/ECB agreements:
It's creditors knew Greece's socioeconomic propensities up front, and yet advanced it credit. In doing so, they also incurred a special risk of sovereign default, that they do not want to acknowledge. The EU/ECB's motive must have encompassed much more than Greece alone. Indeed, the EU's strength of unity must have been at the heart of it's otherwise very risky decision.
Therefore, Greece is part of a "family", bound by an expectation of trust and care, despite it's known shortcomings, as it was freely accepted into that whole with full knowledge of those propensities.
This reasoning could be successfully compared to a militarily-weak member of NATO (a defensive union), enjoying the care and mutual defense of the whole, against an external threat, despite it's known weakness as an independent state. In this case, NATO pledges itself, as a kind of "family", to care for its members regardless.
In the NATO example, the threat likely is foreign military aggression.
In Greece's case, and this is important, it is a depressed global economy which threatens it's economic health, even as that same depressed global economy threatens the economic health of the Union of which it is a member. If the EU valued strength of unity above all before it admitted Greece, then it must value it to the same degree after. An existential threat to any member of such a Union (such as serious economic decline threatening the EU), must require the care and protection of the rest, otherwise, such claims of strength and value, indeed, of Union, are fraudulent.
Greece might also claim that it was lead to believe that statements of European recovery, made routinely about two years ago, were true, and instead, were not, as evidenced by the EU's serious, and continued economic decline, then and since.
Greece might claim that had it's Union actually been in recovery, it would've been in a position to satisfy it's obligations, but cannot because those claims were fraudulently made, and were not true.
m
Wow Germany really? I guess that Greece should start a couple of wars, kill tens of millions of people and then ask for and recieve debt write downs like you did in 1953. I hope that you never have any problems AGAIN because a hard line stance would be remembered.
Gonna be funny when Russia says "nyet" to unsecured loans to Greece, they'd rather foreclose.
Russia has already offered help-you only read comic books in your spare time?
Lifting a food import ban isn't the same thing as walking away from hundreds of billions of Euros in investments, that's all Russia has offered.
No freebies.
Hell, it is easy to get Russia to state that they will offer assistance. It won't be quite as easy to accept the terms the Russians will impose. Sales of Islands? Create a Russian special banking zone within the EU? Russian deeded a part of Greece in a Gitmo type arrangement? And consider that it would probably takeat least EUD 100 billion in collateral or sales to get enough cash to take care of the funding needs for five years to cover debt repayments and some funding to continue life as it was before the EZ started cracking down.
Fundamentally what's the difference in governance and the folkways of the denizens comparing Detroit and Greece? Not much
.
.
Am I supposed to get in the bunker now?
Troika says swallow, Greece says, we ain't even gonna suck it.