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The Latest "Most Critical" Eurogroup Meeting Begins - Live Feed
With "common ground" appearing to be a long lost hope, Eurogroup members have been arriving in Brussels for the latest installment of the EU-Greece showdown. Notably, ECB President Mario Draghi is in attendance this time. With Germany staunchly anti-change and France appearing to soften their stance a little, the cracks are beginning to show as EU leaders - as they arrived - were anything but optimistic of a solution being reached anytime soon.
Live Feed:
The arrivals were not all on the same page...
EU's Moscovici: Go to deal sympathetically with Greece...
Germany's Schaeuble: I'm not optimistic about agreement today. As the Greek government does not want a program, I have to think of options. From September wait for Greece. The Greek program must be completed.
Austria's Hans Jörg Schelling: Greece can not have new terms in the current program
Spain's De Guindos: "Our red line is that the Greek loans to be repaid, the possibility Grexit in no case on the table."
France's Sapin: In favor of extending the current Greek program and not a new one. "hopeful"
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But apart from that... good luck.
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Election would be illegal if it changed anytrhing... so what do you think?
The guy is either a puppet or a tool...
If he wanted to shake the boat he'll do an 'Iceland Style' for now... BS
"If voting made a difference, they wouldn't let us do it."
-- Mark Twain
What a beautiful mess!
Will this bitch quit talking? Enough with the introduction and "thinking european"
GTFO with that nonsense
which is why I previously posted :
zzzzzzzzzzz - snort - mmphh - huh? its on? someone wake me back up when an actual ACTION has happened please - zzzzzzzzzzzzz.....
C'mon!! Get the brawl started already!
Shheeesh.
And get some topless cocktail waitresses in there too.
It's all a fucking joke anyway. Might as well give it some real entertainment value.
When Greece jumps off the sinking EU Titanic, let's take notes how many others (Portugal, Spain, Italy, etc.) hold hands and jump with them.
This might be when the FAT LADY SINGS !!
Don't worry guys, nothing dramatic will happen today.
Today is again one of those days that are 'invented' by ZeroHedge & Co in order to get everybody nervous again, so that they will buy moar gold, moar put options, moar government bonds and moar toilet paper for their bunkers, but in the end it all stays the way it was.
If this really is a Black Swan, then you wouldn't be reading about it.
If both the EU and Greece say a Greek exit is not in the cards, then what the fuck are we talking about here? And how can Syriza be bluffing, when they said they will "do whatever it takes" to stay in the EZ? This is all bullshit, there will be a deal and both sides will claim victory. Syriza will get some concessions and get credit at home, and the EU will say how great Europe is because countries can "work things out."
they never said "do whatever it takes" to stay in the EZ, they said whatever they can. and they obviously cant risk their mandate.
Their mandate is just as much to keep Greece in the EZ, based both on campaign promises and popular sentiment.
No,...it's subtle.
Dr. V says he and Greece will "do whatever they can". It has been that way for a few weeks now since the elections.
"can" means there are limitations...not "do".
Right, it's not Can, it's Do, and the Troika isn't the Troika, and it's not an Extension it's a Bridge.
Maybe Greece should just apply to the USSA for a ferderally insured national bank charter and borrow all the money it needs from the Fed at 25 bps. Problem solved. /s
Their "mandate" is to keep the feeding troughs full for the Greek Free Shit Army and they can't exit and feed the free shitters at the same time. That would be quite the hat trick.
Hm, when looking at all the photos... Schaeuble resembles a bit Harry Potter's Dobby, doesn't he?
"No *you* hold the fucking hand-grenade."
Varying attitudes with varying latitudes.
Varoufakis exposes Troika's CIA-type method
I think 67 might be a more appropriate reference vis a vis Greece and the CIA. ;)
Paying back the money you borrowed - so fucking complicated that we need to hold meetings about whether or not it will happen.
Borrowed?... it's monetisation of signature... out of fine air. It's a fraud.
There is no Loan. It's an exchange of promissory note...
Get your knowledge updated cause they told you BS...
So if someone you didn't know borrowed your credit card and ran up a huge bill on it, you would be happy to repay it?
That's why credit card insurance is recommended. Surely, you won't get all your losses back but better than losing everything...By the way, I think you mean if someone has stolen your credit card (borrowing is somehow different to stealing something ... in principle...in the long run may turn to be the same...so that's why Securitization of debt was invented... but nothing is perfect in the business and shit happens... )
Perhaps it shows that the meetings are about something entirely off the public radar. Don't forget, that by 2018, the Phoenix currency needs to be in effect on a global scale, always according to the Economist article written back in January 1988 (Vol. 306, pp 9-10) that has been forgotten: "The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. Pencil in the phoenix for around 2018, and welcome it when it comes."
https://www.facebook.com/photo.php?fbid=157940421008619&set=pb.100003779...
-1 most of the money they "borrowed" went to bail out the bankers.
Hope....Just hope he's got the Zus balls to tell them to fuck off.
when everyone is on the same side of the boat, they are usually wrong. ie, does anyone actually think Greece wont cave, or the EU wont cave and then tomorrow stocks open up another 1-2%?
A gathering of some miserable looking dickheads, on their standard course of screwing as many people as possible. While explaining to the serfs how it's for their own good.
A true uprising that includes assholes like these and their Bankster Inc. Butt Buddies swinging from lamp posts is turely what needs to happen!
zzzzzzzzzzz - snort - mmphh - huh? its on? someone wake me back up when an actual ACTION has happened please - zzzzzzzzzzzzz.....
shouldnt Her Schaeuble have a bit of a moustache there?
I'm guessing in his case it would be more like the monica lewisnky "milk" moustache, courtesy of Bill C.
Greek Min. of Finance should have walked in with a Black Swan on a leash to demonstrate what is at risk for derivatives.
Maybe he will expose his pet Black Swan at the meeting, or private.
These finmins are sooo ignorant...its how they print their economies.
The finmins have to believe...their sales jive....ultimately they sell it to everyone else...pure fiat allows this.
Dr. V should show the Black Swan....then walk out. It would be chaos (glorious in a Klingon way).
Since Dr. V is part Vulcan and Spartan...it's a toss up.
Channel your inner Victoria Nuland and FUCK THE EU!
Either you're bankrupt or you're not. There's no such thing as a little bankrupt. Consequently:
- Option 1 = Stay in the program, possible with some "help" from the ECB/Troika, go the painful and slow walk towards a future default (and commit political suicide considering what you won the election on)
- Option 2 = Declare full bankruptcy, write down ALL debt pre new government, only honour the single small recent issue. Start anew with debt to GDP near zero. Shore up initial three years in cooperation with BRICS, and since you have to be fiscally balanced from here on for at least a decade or two, might as well go to the gold standard.
Greek media is reporting that Germany (through officials close to the German finance minister, as well as through the German embassaador in Athens) have been letting the Greek government know that they should get rid of Varoufakis because he's apparently making the Eurogroup all confused. Poor little Eurogroup. They just want to do what the banks want and go home. Why is he complicating things?
He is telling them to fuck off. What is confusing about that.
There are better lines in this meeting than the SNL reunion show....
check out spain gettin' all uppity and shit. it's your turn next bitchez.
Spain will let lose their brothel unions on the bankers. Works like a charm.
The lady is talking a lot/too much.
From Yanis Varoufakis' NYT Op-Ed -
Spot on and if Greece can become independent of the European Fiscal Union and use sound money policy via gold/silver backed currency Greece could get a big leg up on the preditor creditor states of Europe.
"YAWN." It's like listening to Alan Greenspan talk to himslef.
www.traderzoo.mobi
Reply to your comment, "YAWN!"
If you're bored go read yahoo news then.
it's like sychronized prescripted Chaos. 4,000 US Tropps in Kuwait today, Ukraine Minsk peace Agreement NOT & Greece preparing for their inevitable departure. The specter of it all.
Aren't there 2 kinds of default?
1. Fuck you, take your bonds and shove them.
2. Sorry fellows, don't have the dough to pay you right now. When things get a little better we'll try to get back on schedule.
"When do you plan to get back on schedule?"
"shortly before the sun explodes or a giant meteor hits the earth. Which ever comes first."
Some reporter should ask the Greeks the most obvious and only question of any real significance.
How much additional money must you borrow to prevent the complete collapse of Greece?
how come no interviews with the CN and RU players. lol
A lot of people give Schaeuble a bad reputation as an evil, mean-spirited prick, but he really is a blast at parties. When the meetings are over and we are all down at the bar getting hammered, he is always like, 'Pull mein finger' and shit. That is how the phrases, "Get my Schaeuble on" and "Schaeuble-icious" came into vogue. Its well documented that he fucked up his back doing a keg-stand at one of Berlusconi's 'bunga-bunga' parties. True story.
double-tap!
The biggest problem Tsipras has in negotiating Germany
The biggest problem Tsipras has is that the Greek people like the Euro and don’t want to get out of the monetary union. If they would be more supportive of playing the ‘leave the monetary union’ card Tsipras negotiation position would be strong and simple. Give us what we ask for or:
– We leave the monetary union
– Default on the debts to European banks
– Support the Russian pipeline trough Turkey and Greece
– Give Russia a port
– Make a free tax haven with full anonymity to everyone and every company on the globe
Because the Greek people don’t like to return to the Drachma, and Germany knows that, it makes Tsipras negotiation position very difficult.
Why Germany feels so strong in Greek debt negotiations
It seems hypocritical now since Germany was always opposing ECB’s QE is now using it to strengthen itself from possible Greek fall out:
The European Central Bank’s plan to buy at least €1.1 trillion ($1.3 trillion) of bonds is sheltering markets from the potential consequences of Greece failing to reach an agreement with its international lenders. While Europe’s finance ministers meet Monday to discuss the country’s aid, credit markets suggest investors are reassured they will be shielded, whatever the outcome.
FROM: ECB Stimulus Fosters Greed and Eclipses Greece Risk http://www.bloomberg.com/news/articles/2015-02-16/greece-risk-eclipsed-as-stimulus-fosters-greed-credit-markets
Why are they sitting on a stage in front of an audience talking?
Shouldn't they be in a closed meeting discussing the realities?
Bread and circuses.....
If the banksters let the Greeks off the hook, then the rest of the PIIGS will want the same. If the Greeks don't fold, this will be very interesting.
Give Scheuble some Ouzo and Metaxa and he'll be ready to negotiate. What an uptight German tool.
http://www.liveleak.com/view?i=c17_1422626222