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Thousands Of Government Supporters Rally In Athens, Demand "Give Greece A Chance" - Live Feed

Tyler Durden's picture




 

In another 'odd' event for Europe's status quo, for the second time in a week, tens of thousands of pro-government supporters have taken to the infamous Syntagma Square in Athens to ensure Syriza knows exactly what tomorrow's 'negotiations' are all about. With the latest poll showing Syriza in an even more dominant position nationally (45.4% vs ND's 18.4%) and Merkel's party looking like it will lose in a landslide in Hamburg local election, it seems the people of Europe have expressed their will. As Germany's Sinn suggests, Grexit would be best, "if Greece doesn't exit the euro, it will keep adding new debt it will be unable to repay." Perhaps that is why the rally cries of "Give Greece a chance" are so loud...

The people are moving more toweards Syriza...

Ifo’s Sinn Says Greek Euro Exit Would Be Best for Country, (as Bloomberg reports)

Previous policy to save Greece hasn’t worked “because it’s not making Greece competitive,” Bild-Zeitung reports, citing Hans-Werner Sinn, head of Germany’s Ifo economic institute.

Euro exit would boost economy, within 3 yrs unemployment would fall; Greece could re-enter euro zone later

If Greece doesn’t exit euro, it will keep adding new debt it won’t be able to repay Debt writedown is precondition for euro exit

Live Feed:

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The crowds are growing as night falls ahead of tomorrow's critical negotiations...

Some messages for Europe...

Europe may want to consider that back in 1985 the fate of the Eurozone was in Greek hands

Saturday, March 30, 1985

 

Western European leaders of the Common Market began crucial negotiations here Friday night with Prime Minister Andreas Papandreou of Greece, who has threatened to veto the entry of Spain and Portugal into the market next year.

 

After late-night talks with Mr. Papandreou, the leaders said early today that he stuck by his vow to block the two countries unless the other market members gave Greece nearly $2 billion in special agricultural aid.

 

Greece has said it needs the money to offset the effects on its economy of increased competition from Spanish and Portuguese products when those nations join the market, formally called the European Economic Community.

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Sun, 02/15/2015 - 19:09 | 5788169 Unix
Unix's picture

that's unpossible...LOL

well every site has their share of idiots, statists I mean! 

there must be some sort of affinity for Greece here, is my guess, oh well, can't agree on everything

Sun, 02/15/2015 - 18:49 | 5788111 tarabel
tarabel's picture

 

 

This is Zero Hedge. You are not allowed to disrespect communists or anti-semites or else you will be gang-raped by all the ugly girls who apparently love both.

Sun, 02/15/2015 - 19:07 | 5788165 Unix
Unix's picture

damn?????? i thought this was a libertarian site, austrian economics and such...scratching my head???

Sun, 02/15/2015 - 20:23 | 5788342 tarabel
tarabel's picture

 

 

Yeah, they fooled me too.

That's what I get for not reading the Terms and Conditions before signing my name.

It's too bad really, since this site could be such a valuable resource, but they are apparently willing to sacrifice reputation for immediate page clicks-- a strategy that will eventually ruin them when all that is left is the Stormfront Investment Advisory Service and Social Club.

I keep looking for an alternative that at least makes the nazis and foreign agents eat in the kitchen rather than giving them primacy of place at the head table. But this establishment is not that sort of cafeteria. 

Mon, 02/16/2015 - 13:33 | 5790383 damicol
damicol's picture

pay your fucking debts and then shut the fuck up

Sun, 02/15/2015 - 14:42 | 5787357 brushhog
brushhog's picture

Greece got a chance, they got bailed out from collapse. Now they dont want to repay the debt or restructure their out of control government spending. They dont want a chance, they want yet another free ride.

Sun, 02/15/2015 - 17:04 | 5787805 logicalman
logicalman's picture

Greece got a chance?

A chance to go further into debt was what they got.

Greek people are no different from people everywhere - all screwed byt TPTB

Time for change

Sun, 02/15/2015 - 14:51 | 5787384 WTFUD
WTFUD's picture

Have probably read around 40% of everything Charles Dickens has written and am currently reading Peter Ackroyd's classic biography of the Great Man.
Born in 1812 and as a child witness to his father's periodic incarceration in a debtors prison for fairly small sums of money owing and this despite a long service in office/ledger work for the British Navy, Dickens rose above this stigma to become one of the greatest author's of his time, maybe ever.

The FEMA CAMPS in the USSA today could be drawn upon as a parallel to the WORKHOUSES of this period where if unfortunate enough to be of working class stock VERY FUCKING BAD THINGS could happen to Children/ Youth and DID

Seems to me that Troika are determined to return the people of Greece back to those unfortunate times.

Sun, 02/15/2015 - 15:00 | 5787418 The Duke of New...
The Duke of New York A No.1's picture

#PrintDrachmasAndGreekTourismWillBoom

Sun, 02/15/2015 - 15:01 | 5787423 Catullus
Catullus's picture

There's nothing to negotitate now. You either pay back or you don't. And from the looks on the streets, you're not going to get a compromise. The Greek gov't can't look like they're giving in now. If you're a bondholder of Greek debt, you're not getting even partial principle back from the Greek gov't. Your best bet is the ECB buys it from you. Maybe at par, more than likely with a haircut.

This doesn't have to end with the drachma being introduced. But it is going to end with interest rates much much higher. The Greek gov't will probably realize that if they're facing a 20% interest rate environment, they're going to not deliver on the promises to all these people anyway. But whatever. That's like 2 years from now. You can always steal what you can now and get the hell out.

 

Sun, 02/15/2015 - 15:02 | 5787429 Joebloinvestor
Joebloinvestor's picture

C'mon the QE that is about to be unleashed in the EU (except Greece) will mask any Grexit effect.

 

Sun, 02/15/2015 - 15:07 | 5787444 Peter Pan
Peter Pan's picture

The biggest problem for Greeks is to realise that their lifestyle was nothing more than a series of dovetailing mirages (plentiful subsidies, government spending based on debt, government jobs, immigrant remittances etc) which have now been shattered.

I truly wish them well if they are prepared to shrink government, roll up their sleeves and temper their expectations.

Sun, 02/15/2015 - 15:10 | 5787450 Mountainview
Mountainview's picture

Sinn is the best...GREXIT

Sun, 02/15/2015 - 15:41 | 5787557 Bunga Bunga
Bunga Bunga's picture

Wishful thinking, but Syriza does not want to exit and the Eurosystem can't throw out Euro members.

Sun, 02/15/2015 - 15:55 | 5787598 Long_America_sh...
Long_America_short_the_world35's picture

Zerohedge has talked enough about this greek melodrama and continues to promote the ward deal and avoiding default.The reality is that Greek malakas have technically defaulted

Sun, 02/15/2015 - 15:59 | 5787617 Joebloinvestor
Joebloinvestor's picture

Greece, the lamprey eel attached to the tit of the EU.

Sun, 02/15/2015 - 20:17 | 5788332 Peter Pan
Peter Pan's picture

I assume you suffer from dyslexia because the reality is that it's the other way round at the moment.

Sun, 02/15/2015 - 16:01 | 5787624 Catalonia
Catalonia's picture

Imagine Greece defaults in March, Spanish Podemos comes to power in autumn and immediately does the same. Portugal and Italy follow suit. Japanese do the same, cause they are broke anyway. And then France, the US and the rest...

 

Hell will freeze over before they allow Greece to go bankrupt

Sun, 02/15/2015 - 16:24 | 5787676 remain calm
remain calm's picture

Exactly! It ain't going to happen. Everyone with wealth loses and so armegedon won't begin with Greece's 450 Billion debt. This will get absorbed.

It will eventually happen, but Greece won't be the proxomal cause.

Sun, 02/15/2015 - 16:08 | 5787641 surf0766
surf0766's picture

Moving away from the bankers to the naiz's or communists is going from pan into fire.

None of those recognize a mans freedom

Sun, 02/15/2015 - 16:31 | 5787706 SmittyinLA
SmittyinLA's picture

Too bad Greece can't fund their treasury on rallies and hope

 

Sun, 02/15/2015 - 16:51 | 5787763 donhuangenaro
donhuangenaro's picture

maybe they should examine Iceland case and why are Icelanders recovering very well without banksters of the europe...

Sun, 02/15/2015 - 18:46 | 5788100 hangemhigh77
hangemhigh77's picture

Now, the next step after your government acts in your behalf is to find the people who betrayed you, capture them, try them and PHUCKING HANG THEM!!! That INCLUDES Goldman Sachs minions.  HANG THESE PHUCKERS.

Sun, 02/15/2015 - 18:56 | 5788131 tarabel
tarabel's picture

 

 

Big surprise that the Hellenic Brigade of the FSA is rallying to the cause of more free shit. But some people are willling to jettison their general principles against the FSA so long as it appears to hurt someone they hate even more. Perfect example of situational ethics and a fine example of why this is all going down hard.

 

Aaaaalll we are saying...

Is give Greece your purse.

 

Aaaaalll we are saying

is give Greece your PIN.

Sun, 02/15/2015 - 19:02 | 5788149 Devon
Devon's picture

Belusconi called Merkel 'unfuckable'.

Looks like Syriza are going to change that. 

Sun, 02/15/2015 - 19:28 | 5788222 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

"Give Greece a chance" said the FSA. Hell not.

Want to have government free stuff ? Fine, but pay it yourselves !

Sun, 02/15/2015 - 20:05 | 5788307 DIgnified
DIgnified's picture

I bet the Germans are loving that flag.

Sun, 02/15/2015 - 22:35 | 5788735 hedgiex
hedgiex's picture

Right Pickets Wrong Posters. No basis for crying for a chance. You owe nothing to Predators. Stand tall to bring down these traps.

Mon, 02/16/2015 - 00:59 | 5789028 Simon Peter
Simon Peter's picture

I'm sure I'm not alone in this. If the EU decides to baliout Greeece (again) I will start to vote for the anti EU party of my country. 

Mon, 02/16/2015 - 03:30 | 5789195 damicol
damicol's picture

By extension that implies that you do vote for pro EU parties now.

I hope you fucking rot in hell if thats the case.

 

Mon, 02/16/2015 - 03:47 | 5789205 damicol
damicol's picture

What I think most people fail to realize, is that at this time Greek is insolvent and bankrupt.

Precisely why is because all its assets and its debt is priced in fake useless  utterly worthless pointless, ponzi fucking vouchers  or coupons issued by the ECB.

The fucking euro pieces of tatty shit paper are fucking worthless in reality and have value only because people believe  it to be so.

Fucking Delhi ass wipe, used and discarded by Puraminda Vindaloo enthusiasts have as much real value.

Once out of the fucking euro shit, and back to a real sovereign currency, the debt is gone. Period, and its assets are all now capable of being revalued in a real  not fake currency.

That makes Greece not only solvent, but relieves it from being bankrupt too, as a sufficient amount of new currency can be printed to balance  not only real valuations of its assets in such as equivalent in gold or another real currency, such as a Ruble, or a Philippine Peso, but the amount of inward flows of funds  that look for bargains in those assets.

Done right, the new Greek currency would very soon find a stable level, and Greece can grow, with no FUCKING DEBT. Therefore zero debt to GDP.

The rest of the fucking criminal crony corrupt scamming thieving fuck pigs at the ECB and Brussels will soon find out that their reign of rank theft and corruption is rapidly coming to an end

 

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