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Eurogroup To Hold Press Conference Momentarily: Live Webcast
Update: EUROGROUP SPOKESPERSON SAYS AGREEMENT REACHED ON GREECE
While the Eurogroup will present a Greek deal in a few minutes, which will have the following big picture framework:
- 4 not 6-month extension
- no completion of current program
- no new austerity measures
- no unilateral actions
some of the key terms remains undisclosed, and somewhat unexpectedly Reuters reports that Greece will have until Monday, which is a national holiday, to list the planned measures it intends to take. It is surprising that Germany has agreed to an open-framework of this nature, which also means that once the final memorandum is available, everyone will dissect the language to find out just who folded.
So while we wait, the Eurogroup's press is said to begin momentarily. Watch it live below.
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Greek measures to be taken on Monday: "Shot of Ouzo or two, smoke cigar, convert Euros to Gold."
The Germans and the Brussels Bandits also need time to cover their asses.
so being in Greece and all, I guess I can pause my bank run for at least until after the weekend
well that's fixed...what now? back to Ebola?
Back to how low energy prices are going to destroy our economy.
You know, as I sit here pondering "which side folded" it occurred to me it's the wrong question. The RIGHT question is "did anything get solved?" Yeah, you probably feel where I'm going with this already. I'll bet heavily that the unpayable debt will live for another day. Another grand can-kicking victory. But still nothing fixed.
well I guess it was never supposed to be 'fixed' today was it?
I live in Greece and believe me, I feel for the first time that the Govt are not just a bunch of Cunts, now that may change and they may well turn out to be, but why doesn't anyone think there is a remote chance that they could change for the better, I mean they are asking to make a memorandum based on Growth measures, WTF is wrong with that?
Because if Greece changes for the better after leaving EU, what will happen to euro? More specifically, what will happen to Northern Europe and their surplus?
This is so non-event like and retarded even the spokesman has a furrowed brow while shoveling this shit.
Sounds more to me like this is merely an "extension" of time so that the banks, et al don't have to write off all the loans, etc. Kicking of the can. Nothing more.
This is such bullshit.
The also proves that Ghordo knows way more about the inside workings of the EMZ than he lets on.
He disappears for a while when the future of Greece is uncertain, and then the same day the can gets kicked he shows back up again. Ghordo -- explain yourself.
Oh, so now we can work on what work has to begin.
Huh.
So we've planned to plan. FUCKIN-A
IT SAYS SHIT
"Success is predicated upon progress yet to be agreed upon" or some such shit.
"It's morning again in Greece"
So does this mean that Greek debt (newly issued, who cares) are eligible for purchase by and discounting at the ECB?
At least they don't spoil our week-end.
Oh my gosh... its a COLLAPSE.... Of confidence in Greeks and Germans ability to adhere to their promises...
Pain, real regenerative pain is not on the menu boys...
" IT SAYS SHIT
"Success is predicated upon progress yet to be agreed upon" or some such shit. "
Yep. It's a crock o' bullshit. They gave themselves a deadline by which to have an agreement and on their dealine they have issued an agreement to meet later to work on another agreement before another deadline.
Bureaucratic dithering and verbal diarrhea.
Talking shit and getting paid. Talking interest rates down and markets up.
Jaw-boning for time to steal more.
NO real plan. NOTHING resolved. NOTHING.
whats this french version of repitle saying?
I think he's got Tourettes and irritable bowel syndrome. Why the fuck would anybody be presenting this shit in French. English (universal) and German (Decision-makers) is more appropriate.
French is the holy language of the Oompa Loompa witch queen.
Maybe he's trying to impress her so he can win a golden ticket to tour her chocolate factory.
Tongue punch that fart box!
Oui.
So what are we going to do on Monday? I'll be in Brussels consulting with the EuroGroup. First thing is I'll be getting a pedicure with Christine. Every Monday she gets he nails polished after the fungus is scraped. Then we'll be getting a massage together. Followed by breakfast at the most expensive breakfast restaurant in town. Caviar (Bing!) Then off to a meeting where we all will agree that we've agreed in principle on all the primary items, most importantly, that we get to do this again and that none of us should have any penalties because of the bad hairy Greeks. Then we'll break for coffee. After that all 17 EuroGroup members will play show and tell, presenting their own thoughts and language amendments on the agreement signed today. Drafts of all 17 will be exchanged. Then off to lunch at the most expensive luncheon restaurant in Brussels. Champagne (Bing!) Then a nap. After our naps, and we've still got to decide amongst us how long the naps should be, we'll reconvene to further discuss the things that we didn't get to discuss in the morning because we didn't have open discussion before lunch and our naps. We'll then take a break until dinner time for the notes and minutes of the day's discussions get printed out and distributed. Actual distribution will happen after dinner. Dinner will be at the most expensive dinner restaurant in Brussels.
There is no deal, as far as I understand. This is kabuki theatre. The cancer patient is not allowed to die, which puts everyone watching this horror show in complete pain.
This is an incredible joke.
Three more extensions and we're gonna add 8% to the S&P !!! Fahrvergnügen !!!
How high will the ES go today? I am going to convert some of the BTFD this morning to PM's on Monday. Here is to hoping they kill the PM's sunday so I can get a nice Sale Price.
Maybe the cancer patient is the whole worlds economy
Get out of Greece, if you cant see the comming reconing you may be due for a reality check, I have not lived there for ten years but from what I can tell its about the same now as it was then. Never trust a politician, never trust a greek with your money, and above all never trust an honest socialist. My 2 cents.
Deflation: Do you realy want me to fix it?
Obama's cluster f^&* in Ukraine. That looks to be heating up nicely. Eyes will be back on the EU Sanctions against Russia as they may need to adjust those downwards to spur some GDP growth. Merkel will need some good news to crow about.
What is a Ukraine ?
It no longer exists anymore, the remaining rump end will be reabsorbed by Poland
over time.Hope the enjoy their sh#t sammiche.
Whats left of Ukraine in the end will be a splintered and deeply divided country of 25 million people living in an agrarian based economy, ruled by neo-nazi banderist sympathizers selling sunflowers and grain to the EU. They are now economically castrated and will end up 100% dependant on US & EU aid for its very survival. Another neocon success story!
A Whole New White Free Northern African Slave Class
The pre-announced April offensive to retake Mosul is shaping up nicely. Nothing like door to door warfare in a large metropolis. I guess Obama will have to let in a couple million more "refugees".
Maybe the Red Shield controls Russia Bank and PRC Bank. Plus the others. Maybe to get a 1-World Dictatorship all these guys are playing a game. Then there is a War. With Nukes. Every survivor prays for Order.
A group comes forth and offers:
Order Out of Chaos.
Hmmmmm?
And the Oscar goes to.......
Get enough phone calls from enough pissed off oligarchs and even the Greek PM folds.
fold! hah! pussies!
Schäuble flinches again...as usual
One needs to only follow the chain of dominos that make up Deutchebank's soveriegn debt holdings (and the underlying capital ratio tied to those holdings) to realize this was theatre from the beginning.
Yep, the Greeks oughta be out there buying gold like crazy.
Was hoping they'd slap down PMs on the 'good news'' more than they have today so could add to the stack at a better price. Not quite the dive that I had hoped for.
Hey maybe they can get Yellen to make a surprise guest appearance to announce that ZIRP will continue for 10 years more, QE4 will begin next month and that they will buy stocks with the money until the S&P is at 5,000. You know, just to push it totally over the top.
Everyone needs to do even MOAR.
The Fed buys stocks??? Whaaaaa?
the fed absorbs all their franchisees (the banks) debts. they pay the bad bets off with fresh cash
and the tbtf banks buy stocks rinse repeat.
"today is US options expiration. therefore, it has to be a risk on sort of day. after today, this deal will be a no deal and greece intends to leave the Euro"
fuck Greece their masters and this mother fucking "press conference..."
over it man.
tink, tink, tink.... sound of can being kicked. extend and pretend all is well.
TOLD YA -
Of course, so did a lot of others.
They have four months to really get their war with Russia (open or clandestine) geared up.
The evil magicians have to constantly divert the audience's attention.
My first thought as well.
Just stalling until it's all moot.
Hey Italy, would you like a slice of pie?
And now its Springtime for Merkel and Germany...Winter for Ukraine and Greece....Springtime for Merkel and Germany!
Every Hotsy Totsy Nazi stand and cheer!
Greece and Germany are both caught in the same beaver trap. This 'controversy' just shows which animal is chewing hardest to leave their leg behind. In any event, you die whether you chew your way out, or stay in the trap.
I just got back from JFK and I'm sure I saw James Franco boarding a plane bound for Greece.
You sure it wasnt James Taylor with a horse in tow?
Excuse Me--While you wait M'Fers.
Any extension is bad news for Europe because when you are under attack and the attacks continue you lose your strength. Europe is not saying crush Greece; it's admitting Greece is unhappy and Greece won’t take it anymore.
The anti-Eurozone forces in France, Italy and Spain only have more time now to develop their attacks. Only a quick, quiet settlement would have helped the EU.
Extension just means no settlement.
wrong...there is no "bad news" any more.
Most of the heavy hitters buying equities today – the primary dealers - are operating completely short run, happy to drive up the indexes until the next round in the Greek crisis. But in a larger sense, an economy that is only identified with a Fed-manipulated stock market is an economy that will take those market gains one day soon and destroy them.
The Fed is operating on hype, fooling the investors into a party that must eventually end.
Bottom line: the money the Fed is passing on to its insiders to use in the market is Federal Reserve notes printed out of nothing, its value stolen from the people.
@ JR.,
I see your point. So I have a question. Regarding the Criminal Fraud UNITED STATES, CORP. INC. & speaking in terms of working within the Fraud entity US CORP. INC & Fractional Fiat System.
Hasn't the Criminal Federal Reserve then functioned outside of its intended Charter, be Audited, arrests made & be dismantled?
And, are we a Constitutional Republic or a Criminal Fraud entity ie. THE UNITED STATES, COPR. INC.?
Did the Greeks cave?
See what I did there?
"Greece is leaving the EU."
Now we will take questions from the audience....BANG! BANG!
Who even gives a shit anymore? I recall all the hand wringing and cold sweats over just the idea 'Syriza' might get elected months ago, it was everyones worst nightmare, etc, every 'worst case scenario' since resulted in nothing but fresh ATH and bankster backslaps all around.
What time does the tickertape parade begin?
I hear there's plenty of shredded fiat we can toss.
What's the point of extending your deadline for 4 months if you are out of cash in 8 days?
They won't be out of cash in 8 days. The printing presses will be in overdrive this weekend and Greece gets the next batch of bailout money. In about 3 1/2 months, all the doomsday warnings come out again. Then they come to another agreement at the last minute. Rince and repeat. It's all Bullshit!!!
Just make sure you have the nerve to buy greek stocks few days before this
The denial levels were epic on ZH the last few weeks about Greece staying in the EMU/EZ/EU.
Are you still in denial?
No I always said 'dont count on the politicians not fucking you over double+' from the start.
What a crock of shit.
7 years of this fucking crap.
DavidC
So will there be pitchforks and torches in Greece this weekend?
I'm hoping for torches and pitchforks in America but I think it will take an end to bread and circuses for it to happen.
Oh come on! Get on with it! You coffee drinking, what shall we do in Belgium tonight junkies!
Ron Paul: “Good News” That Secession Is Happening“The good news is it’s gonna happen. It’s happening.”
Feb. 19, 2015
Andrew Kaczynski - BuzzFeed News Reporter
Former Republican presidential candidate and congressman Ron Paul says secession is happening and it’s “good news.” Paul later predicted the states would stop listening to federal laws.
“I would like to start off by talking about the subject and the subject is secession and, uh, nullification, the breaking up of government, and the good news is it’s gonna happen. It’s happening,” Paul, the father of potential Republican presidential candidate Rand Paul, told a gathering at the libertarian Mises Institute in late January. The event Paul was speaking at was titled “Breaking Away: The Case for Secession.”
Paul said secession would not be legislated by Congress, but would be de facto, predicting “when conditions break down…there’s gonna be an alternative.”
“And it’s not gonna be because there will be enough people in the U.S. Congress to legislate it. It won’t happen. It will be de facto. You know, you’ll have a gold standard when the paper standard fails, and we’re getting awfully close to that. And people will have to resort to taking care of themselves. So when conditions break down, you know, there’s gonna be an alternative. And I think that’s what we’re witnessing.”
Later, Paul said the Federal Reserve would end and the states would stop listening to federal laws they didn’t agree with.
“The Fed is gonna end. There is going to be a de facto secession movement going on. The states are going to refuse to listen to some of the laws. We’ve seen tremendous success already with states saying to the federal government, ‘We’re not gonna listen to you anymore about the drug laws.’ And they’re getting out of it, and I think the American people are waking up to that, and as far as I’m concerned, the more the merrier.”
Here’s the full video of his speech
http://www.buzzfeed.com/andrewkaczynski/ron-paul-good-news-that-secession-is-happening#.uy3krEAkD
Until I see new coinage and script issuance I am not buying one word of this bullshit from Ron Paul.
He is talking about a dissolution of the Federal Union at the same time as his son is angling to become President of said Union?
Give me a fucking break...
Ron Paul is not Rand Paul, and for my money, when Ron Paul says as end to the Fed is coming, it makes my hopes soar. And when Rand Paul says something, it's just statement from another politician.
And, you, you are such a political pundit, you found out that Rand Paul is Ron Paul's son, and that's your evidence that Ron Paul can't be trusted regarding secession because "his son is angling to become President of said Union."
P.S. I already knew that Rand was Paul's son.
"P.S. I already knew that Rand was Paul's son. "
My word you are so very well informed!
Any confusion concerning their near identical last names -and their shared party affiliation- has been solved at last!
Ron says "there's going to be an alternative," but he chose the wishful thinking one of de-escalation, when in reality, these things only ever end one way, TOTAL escalation.
I can only wonder who will type "The Tweet Heard 'Round The World" that will be the official kick-off for WWIII.
The Paul pumping has become painfully pathetic.
I HAVE BEEN INSIDE MORE THAN ONE CAMPAIGN YOU DUMB FUCK.
Show me the DEEDS You poor delusional pavlovian dogs: DEEDS NOT WORDS.
WORDS ARE CHEAP. I can talk all fucking day just like Ron Paul and Rand Paul can. IT DOESN'T MEAN SHIT!
SHOW ME THE NEW MONEY.
THE NOT FRN MONEY.
SHOW ME THE REAL STATE ISSUED CURRENCY GOD DAMMIT.
Throxx, I aggree wit you. Show me something, don't jaw jack about it. That being said Ron Paul does give a little hope.
If you’ve read the speech, this is a change in what Ron Paul has been saying. The move against the Fed which he courageously fought those years in Congress and those political campaigns in which his message never wavered have forever changed the politics against the Fed.
His tone, once pleading, is now triumphant that the end is coming. And that’s different!
WORDS. MORE EMPTY FUCKIN' WORDS.
"If you’ve read the speech, this is a change in what Ron Paul has been saying. The move against the Fed which he courageously fought those years in Congress and those political campaigns in which his message never wavered have forever changed the politics against the Fed.
His tone, once pleading, is now triumphant that the end is coming. And that’s different! "
EMPTY FUCKING THREAD SPAMMING.
"Change in what Ron Paul has been saying." "His tone, once pleading, is now triumphant.. "
PATHETIC. PATHETIC PAUL TROLLING! DISGUSTING PATHETIC FUCKING TROLLING & NOTHING MORE!
SHOW ME THE NON FRN MONEY YOU PATHETIC SPAMMING DOUCHE.
..& MORE IMPORTANTLY: SHOW ME THE ARMY PREPARED TO FACE THE US MARINE CORPS AND US ARMY AND US NAVY!
http://en.wikipedia.org/wiki/American_Civil_War
"The American Civil War, widely known in the United States as simply the Civil War as well as other sectional names, was a civil war fought from 1861 to 1865 to determine the survival of the Union or independence for the Confederacy. "
***NO ONE -ABSOLUTELY NO ONE- IS GOING TO BE ALLOWED TO PEACEFULLY LEAVE THE FUCKING UNION AND THE FUCKING FED/DOLLAR SYSTEM.***
so they agree to disagree?
"Peace for our time."
POS now. (fixed it) its the new new.
Yes, the context is amazing, there is nothing tangible in any of their proclamations.
This will hit ground sometime this weekend.
Still in my shorts.
Wow. (heh.)
Lokks like an agreement to disagree, and start over again in four months.
Nothingburger.
I wouldn't short anything based on the Greek situation alone, except gold and its derivatives.
I'm only seeing what looks like a still with some empty lecturns in an inset PIP.
WTF: did I miss the hugs and kisses?
Markets love consistency - Greece is still a debt colony.
They are teaching Dr. V how to kneel properly, or at least bend a knee...might take a few eons.
I understand as a bone-us that Banksters Inc. is sending "free" of charge jumbo sized Vasiline jars to each citizen.
Being kind and generous slave owners they want them to enjoy the fast and furious rump riding they are about to get!
Of course it is for their own good!
Time to bring back the Riot Dog
says time UNKNOWN, since there are unknown unknowns un huh
still waiting........
I keep saying...this is Zeno's Paradox...all over again.
EU taking infinite number of half-steps won't get Greece to their ZERO DEBT goal.
Zeno explained many years ago...half-steps to the goal (the precursor to the Calculus).
We won't ever get there (today).
It will take another theoretical regime.
A new credit/debt paradigm to fix the Greek Debt. RESET finally !!! take the leap of faith across the divide.
02/20/2015 ... is there a NUMEROLOGIST in the house ?
FEBRUARY 20, 2015 G-day !
this is really quite funny. Dumb people loaned smart people money both knowing they'd never pay it back...and somehow this is news? Funny how the banks can always skim but they can't take a loss, even with fake money they loaned out of thin air...but that would cause the ponzi scheme to collapse. Just fun to watch.
EBS the Emergency Broadcasting System
So how long until the next bailout 4 months 6 months? In a world where debt is king, I guess failing to repay loans in the only way to get new one.
FFAILURE =SUCCESS
If Mr. Panos blinks first and then folds like a cheap suit I wouldn't go back to Greece anytime soon.
www.traderzoo.mobi
Greece/EU isn't really a problem with a solution. It's a predicament in which can kicking is all one can do.
WHO else thinks that they are gonna try to put off saying anything until after 4:00PM EST?
Anything said before 4:00PM EST will launch the trading algos into a wild frenzy...
Place your bets.
Everyone who KNOWS anything with any certainty is positioning themselves to profit with maximum leverage RIGHT NOW.
8 minutes.....
they must be preying on Greece, while praying for a Miracle hail Mary pass.
Did anybody see Zeno, tortoise or hare yet.
Follow the rabbit.
It must be an "Extend and Pretend" agreement. Lets be real, there is no real solution to 300+ billion Euro debt with interest saddled up upon a falling economic output and rising unemployment Greek economy.
What can not be paid, will not be paid. This Germany will find a way to give Greece money on loan to pay the EU banks on a temporary basis, as Greece has NO MONEY.
Let the markets go into a face ripping burst upwards, the problem will return soon. Extend and Pretend is necessary for Germany to keep PONZI EUROPE going, they now live from day to day, at all costs seeking one more day of PONZI, while they wait for an escape velocity recovery that will produce revenues to pay back all the debts. Who fucking believes that shit? The ECB? The Bankers?
OR.....they are extending n pretending in order to wait out the dollar's inevitable demise (soonish).
There's bigger things in motion here.
"Lets be real, there is no real solution to 300+ billion Euro debt" The Fed could buy up all that debt and add it to their balance sheet. What's another $400 billion?
If they got the 4 month deal they wanted then theoretically Europe won. The Greek position was that giving them the loan would buy all of Europe time to gets its shit together. If they don't "fix" things by the end of the bridge period them who knows what happens. But the bankers got four more months where the Greeks can't go rogue on them and Syriza got a four month window to put the squeeze on the Germans.
When are the Spanish elections?
Right then, it is a simple extend and pretend. I mean, what else could they do? The answer is Nothing. They have no choice but extend the Ponzi or Europe crashes in flames. The Banks have booby trapped the entire financial system with CDS and other Derivative mine fields set to blow up the EU financial system. No matter WHAT, the Ponzi can not have it's bluff called. In fact, at this point, the entire world financial and banking system is one big BLUFF! If it ever gets called, like Greece threatened, the end of days financial crisis would ensue.
Greek lawn chairs - Sale now on!
It would be so cool if Mr. Panos makes a showing representing the Greek side...or maybe Beppe will rip out a few massive grills of EU on stage.
There's absolutely nothing surprising about any of these developments. Greece is broke and the EU cannot let them default.
Same goes for the rest of them.
If Greece decided to leave they will not announce until proper measures to stem capital flight is put in place. Until then they will have to pretend that everything is A-OK, isn't it?
Dude, stop that shit. Ask yourself why they would leave the Euro when :
A) Greeks dont want that
B) they can just default on greek liabilities and stay inside Euro
(see cyprus)
There will be no Grexit.
It would be great if they would just say,
"Within 4 months, the Greeks have promised that they will be able to pay off all debts plus interest, as they have discovered a method to produce unlimited amounts of feta, olives, ouzo and figs at virtually no cost with no land, labor or material requirements. It is the equivalent of cold fusion in the agricultural arena. Transport to greater Europe, Asia and North America will happen on a fleet of unicorns which popped out of Zeus's head."
At least it would be more believable.
King Leonitis would be extremely disappointed if alive today. He would have kicked each and every EU leader down that massive black hole just outside his city.
Angela: But I am a generous German Frau. I can make you rich beyond all measure. I will make you warlord of all Greece. You will carry my purse full of Euros to the heart of Europa. Your other EU rivals will kneel at your feet if you will but kneel at mine.
Tsipris: You are generous as you are divine, O Frau of Queens. Such an offer only a madman would refuse. But the, uh, the idea of kneeling, it's- You see, and obeying and slaving away for all those men of yours has, uh, well it's left a nasty cramp in my leg, so kneeling will be hard for me... but nonetheless I will do it because unlike the Spartans of old, we Greeks now carry women's purses.
sounds like hope and change soon. with some trust on top
I want to see them breaking some plates up there...or throwing some chairs.
Hate To Say “I Told You So, But I Told You So” - Fund Manager Dave Kranzler on Greece/EU Can Kick
http://thenewsdoctors.com/?p=286585
Meanwhile, the bearded Chosen Ones are cackling in their beards at the fraternal, squabbling goys.
See you guys in four months! Have a good one!
Greece lost.
I would not come home as a (Greek) gouverment right now but stay in Brussels.
Greece either defaulted or was forced immediately to put its neck on the block. This agreement has given it reprieve, a chance to fight again. Imagine what the streets of Greece will be like in four months.
I heared Disselbloem say "no unilateral decisions" so nothing changes in the coming four months in Greece ?
No, call in the riot dogs.
As Victoria Nuland says, Fuck the EU!
The Europeans, including the Greeks have simply decided to allow the status quo to continue and see if the velocity of the dollar goes to zero before the Euro.
What part of all fiat will die doesn't everybody get?
ZH goldbugs all be like "Whaaaa?!?! We wanted Grexit!"
of fucking course an ''agreement'' was reached.
and of course, even though every fucking ''market'' was fucking up daily regardless of news and never had a down day on greece, lets fucking pretend that the ''markets'' are surprised by this and fucking pump aapl another 1 plus percent and all the other shit companies that trade in the s&p 500.
and whats the best part about this? its only a 4 month extension, so in 4 months from now, we can get more fucking bullshit rumors daily to send the fucking s&p 500 and dow to all time fucking highs, and then rinse and repeat the same thing every fucking time.
this shit is so sickening, and its happening in broad daylight, yet no one fucking does anything to these ppl.
its time ppl start throwing stuff ( hard stuff, like hockey pucks, baseballs) at bankers on a daily basis as they walk into there offices. that is just a start.
Don't worry...ZH says the central bankers are almost out of bullets lol
the only bullets that central bankers ( and regular bankers) need is a bullet to the head.
That is possibly the best dissection of the problems with the current system.
Good news? Up!
Bad News? Up!
What does it actually take to push markets down? World War? Probably not even that as GS and JPM would say "That means deficit spending and good times at BAE and Boeing!".
I even saw it here when the markets were looking for any (and I mean ANY) excuse to go green. It was like the reverse of Dr Banner (He was looking for any excuse to NOT turn green!). Yet tangible stuff like gold and silver? Flat, at best. Dip, at worse.
No frigging logic at all!
Off Topic. Sorry, but no home here for this important story. The IMF has loaned Ukraine money, 15.7 billion Euros. Now they have come for payment. This is just the start of the IMF Governing of Ukraine. Welcome to the EU folks.
"
Demchishin is planning to lay off 20% of miners this year.
The Ministry of Energy and Coal Industry intends to close five state-owned mines and to idle additional seven, said Minister Demchishin in an interview with the journal “Focus”.
“Out of 35 mines under our control, we will close 5, and additional7 will be idled and preserved.”
He underscored that 20% of coal mine workforce will be reduced. “That’s 10 thousand out of 52 thousand miners,” predicts Demchishin."https://www.youtube.com/watch?v=881eaKn4Jzk
IMF plans for
"restructuring" always predictably include
a give-away fire sale to "privatize" public assets,
a policy of unrestricted foreign "investments" (e.g. sell off Ukraine farmland to Monsanto et al to then raise Roundup Ready crops),
and the build-up of "security" forces to enforce "stability" (IMF stability meaning the freezing and cutbacks of wages to pay off loans).
GREEK FAIL!
I wonder if the Naz can get to 5000 by the close?
Why doe Lagarde always sound like she has a mouth full of semen?
Congratulations EU. You just took it Greek Style.
4 months with no bad Greek news? This 'LITERALLY" could push the DOW past 20k in that time span.
Who is that tax dodging bitch?
So much for tearing up the Memorandum.
Disbursements will be made.
More throwing good money after bad.
dup
I was hoping the EU representatives would be tarred and feathered.
Another confirmation - there are just weaklings and EU cocksuckers left.
The new Greek leaders are no different than the rest.
Obviously NSA had them already on their balls.
Nothing ever changes - since Stonage.
What a sad day for Europeans as well as the greek population.
THOUGH: maybe that was just a smart move - game strategy - get another few billions for free - and now you have cash for another couple of months to get along - AND with that have bought enough time to properly prepare for the exit. Hope dies last. Add four months - and that is end of June - close to when gold should bottom (July) and rates should start rising again. Cyclewise this outcome fits pretty well. It would not have fit if exit happened today. So it remains to be seen what will be the final outcome - in summer. Currently the Greeks may have lost face BUT they have a least won a few more billions to feed their poeple - what in the end in the moment is more important - as it bought TIME.
Wait. Make sure Dr. V remains unharmed and on-stage, need to see his eyes. See if he bent his knee.
o and how amazing is it that earlier this week, the msm said that greece is not a big deal, but now that a deal has been reached, its the biggest deal.
dax should reach 12000 monday on this garbage.
yes a country is not going to be bankrupt by monday, what awesome news.
o ya, and an asteroid wont wipe earth out on monday, that should be good for another 30 s&p pts.
Probably not what the citizens voted for.
what a fucken shit show , keep on pushing the can bitchez
have a great weekend bitchez
We are Evolving!!!
It's Alive!!!
The really joyously bullish aspect of this "resolution" is we now know all PIGS can fly
This will end up as a 100 year, 0% Greek bond.
ZORBA WINS AGAIN!