This page has been archived and commenting is disabled.
Greek FinMin Varoufakis "It's Plan A, There Is No Plan B" Press Conference - Live Feed
We've heard the Eurogroup's side, now it is Greece's turn...
- *GREECE'S VAROUFAKIS SAYS EUROGROUP TALKS WERE 'COLLEGIAL'
- *VAROUFAKIS: GREECE SEEKING 'SUSTAINABLE LONG-TERM CONTRACT'
- *VAROUFAKIS SAYS `NO DOUBT' GREECE WILL STRIKE AID ACCORD
- *VAROUFAKIS: ILLOGICAL TO ASK GREECE TO COMPLETE PLAN IT REJECTS
- *VAROUFAKIS: GREECE WAS `HAPPY' WITH DRAFT TEXT FROM MOSCOVICI
- *VAROUFAKIS: GREECE PREPARED TO TAKE NO BUDGET-BUSTING ACTION
- *VAROUFAKIS: GREECE REJECTS ANY RECESSION-INDUCING MEASURES
- *VAROUFAKIS: GREECE WANTS MORE THAN COSMETIC CHANGES TO RESCUE
- *VAROUFAKIS: GREECE UNHAPPY WITH EUROGROUP'S `FLEXIBILITY' TERM
- *VAROUFAKIS: GREECE EXPECTS EUROGROUP TO DROP ULTIMATUM
- *VAROUFAKIS: GREECE `READY AND WILLING' TO DO WHATEVER IT TAKES
- *VAROUFAKIS: GREECE WANTS `HONORABLE SETTLEMENT'
- *VAROUFAKIS SAYS GREECE ISN'T BLUFFING, HAS NO PLAN B
- *VAROUFAKIS: GREECE WILL REMAIN MEMBER OF EURO AREA
- *VAROUFAKIS: GREEK GOVERNMENT IS PRO-EUROPEAN TRUTH TELLER
- *VAROUFAKIS SAYS GREECE SHOULDN'T BE TREATED AS DEBT COLONY
* * *
Live Feed
* * *
Just for clarity - here is the difference between Troike expectations and the reality that occurred in Greece...
»
- 14808 reads
- Printer-friendly version
- Send to friend
- advertisements -
He obviously did not attend the Buckeyes/Ducks game.
He had me until "The Greek government is a pro-European government."
Fool.
Silly Greeks ... the IMF meant non-GAAP GDP and the U-3 employment index.
I would have preferred a press confrence going along these lines;
"Hello ladies and gentlemen. Thank you for your time. I am going to issue a statement, and then take questions.
ehem (clears throat)
It is the position of the Greek government to burn this entire motherfucker to the ground unless they give us exactly what we want, and that now includes Mario Draghi doing all future press conferences in drag.
Thank you for your attention. Any questions?"
That is pretty much what he was saying. Didn't you hear it? There is absolutely no way out. They want to negotiate a "contract" as "partners", not a "program" for debt slaves.
And the TAFKAT (The association formerly known as Troika) cannot (CANNOT) let this happen, because it means that everybody and their mother would come and renegotiate as partners.
So GAME OVER. Just in nicer words.
(I wouldn't want to be the bodyguard of Varoufakis...)
Free Europe from the EU and the EURO!
He had me until "The Greek government is a pro-European government."
Fool.
What he meant was that "Greek government promises to take money from all of Europe."
It is called diplomacy.
Dont worry.
Now we can play catch. I will go first.
Varoufakis has some balls. He is not afraid of bank runs.... It is better to default than be stuck for 20 years with unrepayable debt... No Japan scenario for Greece, well done Mr. Varoufakis... (Theseus).
Ha! Ha! Ha, yeah, we'll see, tough guy.....in 2 weeks the only balls he'll have, will be Angela Merkel's balls, swishing in his mouth.
I'll wait for history to prove whether or not Varoufakis is just another status-quo statist vampire.
Yes I bet he is stalling until they can get that latest 5 billion out of the banks the ECB just gave them....get it while its free....
Gave them?
merkel tbags varoufakis! now we're getting somewhere
problem is, he is not a "player". he would not know a financial market from a moose. as many if not all university professors do, he underestimates the consequences of what he is proposing. In this case he's overestimating domestic support: Yes, the Greeks go to Syntagma Square to show support for him, but only in between going to the ATMs to withdraw Euros from their bank accounts.
he's also misrepresenting the stakes on the table, which are anyway asymmetrical: the EU has already put a lot of money into Greece, and he thinks that they will throw good money after the bad, as all politicians do. the EU thinks instead that good politicians throw good money after the bad only AFTER they've checked which part of their own constituencies will benefit. In this particular case, the answer is "none". True, they will have to own up to the fact that Greece was a basket case, as economic leaders go, and the EU has a fairly low bar. But Varoufakis himself has said, and that's the measure of the idiocy, that Greece will never repay that debt: why should it repay the new one? yes, the hat will pass through the pews to give some hardship money: but no leader, not even old Maggie, would have found the guts to go to the people to say:" i'll tax you so that some greeks can be paid for imaginary work".
Didn't you get the memo? Screw the taxpayers. Bond holders want to be paid. Hit Ctrl P.
Who's getting the HAIR CUTS? .... and how much do they get taken off?.
Where gonna need a bigger Flowbie!
Flowbee's cut the perfect mullet. How appropriate!
I'm thinking of bailing out Greece myself. Maybe they'll accept my $10 offer. I'll offer $20 if they promise all the gyros I can eat for one full year.
.
And Black is White...
This might be the best one you have ever done.
For those of you who don't read German, the sign "Arbeit Macht Frei" was changed to "Schuld Macht Frei" or translated into "Debt leads to freedom"
Excellent.
He's buying time before the Grexit - playing their game - I hope.
and I am still very afraid Greece will cave in in last second, or they will be kiled, or bought, or something... I want EU broken so much...
The can't. Greece will be the Georgia of the EU. Worlds biggest debt colony.
Dr. V whips out some Vulcan "logic"...he is the only man there !
ILLOGICAL TO ASK GREECE TO COMPLETE PLAN IT REJECTS
Notice his highlight of the terms "deception" and "flexibility".
In order to effectively play the game one has to know the motives of the other side.
Are they sure those unemployment rates in the chart do not represent the U.S?
Germany vs. Greece a short clip
The world stage is watching
https://www.youtube.com/watch?v=-2gJamguN04#t=79
Great quote just now from the conference (responding to a question about which game he's playing): "I've never played Monolopy with fake money. I've always played Monopoly with real Monopoly money."
IMF forecasts are a combination of wishful thinking and uneducated guesses based on how much bullshit they think they can get away with.
Varoufakis is the Man!
Somebody gotz a bad case o' the stupids.
he gives better press conferences than draghi
Greece will make an agreement then renege on it.
Repeat as often as history allows.
*VAROUFAKIS SAYS `NO DOUBT' GREECE WILL STRIKE AID ACCORD
I don't get why you would say this when negotiating. For the Greek banks?
...unless he has already conceded, that is....
He didn't say with who.
The unspoken problem that Tsipras will have if he gets the EU-crats to roll over is that he will then have to rely on the Greek people to roll up their sleeves and get the economy going. Right now it's still shrinking. And many Greeks have become accustomed to living the life of Reilly for years and may not rise to the challenge. Then what?
".... rely on the Greek people to roll up their sleeves..."
Yeah, that's not such a good idea, is it?
Then they will apply to be the US 51st state. They will fit right in.
Make that 52.
Israel is 51.
Oops, no, Israel is 1.
Alaska is 51.
"What a revoltin developement this is".
every Greek should roll up the singlets and open a Beach Bar
It's worth remembering what 300 Greeks managed to do at the Hot Gates of Thermopylae.
Just like the Japanese, the Greeks have a nascent warrior spirit. Push them too far, and it comes out. Again.
They're in a depression. My guess is that the warrior within is a lot closer to the surface than it is in this country right now.
Mr Varoufakis, just make them prove this debt wasnt 'Odious' debt placed on the back of your countrymen with fucking interest added.
And then tell them to fuck right off. People round the world stand by your side my friend, and I am one of them.
;-)
It was the majority of Greek citizens, using the system of Democray to choose leaders, who enjoyed the benefits of spending the money, assets, and wealth of others. That same system brought them the burden of giving their future (today is yesterday's future) in repayment.
They voted for it and now they are getting what they bragained for. And getting it very very vigorously.
You must be one of them nutters I was told to stay away from Augutus, while being a fucking child.
Idiot cunt, fuck off and bother someone that gives two fucks you clown. The Greek population you cunt, had no say that this money was borrowed against already printed debt you cuntish clown.
Go and bother somone that gives a fuck son.
Idiot
:-)
Just because you CAN talk like that here, does not mean you SHOULD. Save it for when it really means something.
Read his past posts saulysw.
I do not drop down on no one without reason.
I try to stop them filling the likes of you with shit. A troll is always a troll.
:-)
I have little patience with them also.
but where is the seasonal adjustments?
They have no Plan B, because they've shot their wad. They're going to default. They want to continue to spend more. And they want to get on with this as soon as possible so they can blame someone else for it. Delaying this only risks the Marxist gov't in power.
Greeks, you're having this guy getting rid of all your debt without getting rid of your taxes. So in response to this "bailout" you got in 2011, you also got VAT jacked up on you. Think these Marxists are going to normalize that back down to pre-bailout levels? FUCK NO.
You have no idea of what is going on in Greece.The problem is not the VAT, it is who pays the VAT or the other taxes and where the money from the taxes go.
So it's the VAT?
Because let me guess how the Euro works... it's a banking cartel that gets the member nations to raise taxes to pay the expansion of the credit. And allows the centralizations of Big Government, Big Business, and Big Labor to fuck everyone and their mother throughout Europe?
What am I missing here? Did you think that defaulting on debt that was already purchased by the ECB and sterilized from any sort of impact on the rest of the banks is going to make a shit of difference? The taxes are still there, the big government remains. The Marxists will "nationalize" industries in Greece , which means they're going to pay off the Big Business interests that paid next to nothing for them years ago.
y.v. should be the president of the union,
fixed.
.
http://www.hollanderguitars.com/banjo/SoldiersJoy-PUTW.mp3
That OM is freakin' gorgeous w/ a 1-13/16 nut, exactly what I need. Thank you FED RSV. I'll never be able to buy one, but my banker has a colleciton of 30, none of which he can actually play (investments you understand). Sad times we live in.
ouch. you should offer to give the guy lessons
for a trade, it could work?
Varoufakis says Greece shouldn't be treated as a debt colony which is a prime requirement of the EU because that's how and why they set these thing up. The way out of this is to deny the debt and default--forthwith.
VAROUFAKIS SAYS GREECE SHOULDN'T BE TREATED AS COLONY
that is the most important
Question easily solved, what's best for Goldman.
Schaeuble / Dijsselbloem pretending they're idiots by talking about 'words' that have to be apparently different and then going on about program extension and business as usual was painful. Listening to Varoufakis telling it like it is sure is refreshing, if nothing else. No wonder there are attempts at discrediting him - remember Spiegel's 'is Varoufakis anti semitic' article, now recent attempts to get the Greek Govt to replace the guy... too bad they apparently got no hold over anyone important at Syriza.
I am reminded of former FinMin Papakonstantinou and Venizelos - former now under trial for attempting to delete certain names from the original Lagarde list (names of his own relatives, that is), latter for 'forgetting' about the list's existence and leaving it untouched in his desk drawers for months, even while promising to combat tax evasion and so on. These are the kind of people the EU wants to 'have discussions' with, not someone of Varoufakis's caliber (like it or not, he has oodles of it).
Varoufakis exposes Troika's CIA-type method
“Here's Varoufakis describing how Greece's creditors, the European Commission, European Central Bank and IMF (informally known as the Troika) treat the country's economy: 'Shortly before the cardiac arrest, we are granted a few breaths of air. Then we are put under water again, and the cycle starts anew.'”
“The bailout Greece has been getting allows it to keep its public finances flowing, but also includes severe austerity conditions, as well as structural reforms like the privatisation of government-owned assets. When Spiegel said there were good people working at the Troika, this was Varoufakis' response: 'There were also very good people at the CIA when waterboarding was used against their will and therefore were in a terrible moral dilemma.'”
.
http://failedevolution.blogspot.gr/2015/02/varoufakis-exposes-troikas-ci...
its going to get worse before it gets worser
It's always darkest just before it goes pitch black.
It is not true the Greeks are mostly liars, thieves, tax dogers, lazy good-for nothings; they are actually a lot worse than that.
Wrong website
It's Only Make Believe - Robert Gordon - Chris Spedding - Guitar
https://www.youtube.com/watch?v=gAZpemyNcmk
I am surprised they let him talk so much truthiness. Very surprised. He is good. And his words are going to spread like a wildfire in the Eurozone periphery...
Interesting times.
nice picture to see EU zone twisted.
Isn't writing articles about how consensus economist expectation are, hmm, "off", something like fishing with grenades? Economics is politics with numbers, politics is to support the ruling oligarchy, deception is the currency.
If Greece can hold on through the economic "Water Boarding" & Spain picks up the "Exit-EU Virus" contagion, then Portugal, Italy & so on. The Dominos or "underpinnings" were all designed to cascade. The headlines will get more dystopic & surreal. Funny how quiet China & Russia are regarding their inducements. Notice no OPSEC / PERSEC vio's there. I'll bet the "five eyes" are busy. Wonder if Yanis et al uses a cryptophone ?. Ukraine's plunder will be escalated & so will the ME's powder keg.. But don't worry everything's normal.
Phase 1 is Collect Underpants:
http://www.youtube.com/watch?v=tO5sxLapAts
Why doesn't Southern Europe get together as a block? Organize, man!
http://www.zerohedge.com/news/2015-02-12/american-neocon-fck-eu