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Greece Misses 1st Commitment: Delays Reform List Delivery Until Tuesday
Well that didn't take long...
- *GREECE TO SUBMIT LIST OF REFORM COMMITMENTS TO EU TOMORROW: OFFICIAL
So we are less than 3 days into the 'new deal' and Greece has missed its first deadline. We can't help but wonder if the initial draft, just as we warned, was thrown up all over by the Germans.
Gov official says Greek list of reform proposals to be sent early Tue (or late Mon). Being discussed w creditors;drafts have been exchanged.
— NikiKitsantonis (@NikiKitsantonis) February 23, 2015
As George Saravelos, strategist at Deutsche Bank notes:
“The Greek government’s capacity to agree and deliver on the conditionality of the current program remains the key source of uncertainty under the current agreement. Most immediately, the government will have to navigate the fallout from today’s agreement, as well as the ‘reform list’ that will need to be submitted on Monday.
On a more forward-looking basis, it is likely that the government will have to agree to fresh revenue generating measures: even with a downward adjustment to this year’s fiscal targets, budget execution for this year is meaningfully off-track. The road ahead remains long, and it remains unclear how the current government can navigate between the commitments it has made to Europe with competing domestic political demands – both internally within the Syriza party as well as with the electorate.
A small step has materialized, but the hard work is about to begin.”
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The letter got lost in the post/The email system was down/The dog ate it
Homework is a bitch.
Pünktlichkeit is an even bigger bitch.
Greece will be forced out, inch by inch, and will remain faultless in the process, trying, trying, trying.
Then what?
Then come in no particular order Portugal, Ireland, Spain, Italy, most East Europeans, and (the great coronation of this entire mess ) France ! Of course, by that time UK will be long gone. Other than that, everything will be awesome...
Yawn.
Has Greece determined how many angels can dance on the head of a pin yet?
They have about the same odds as finding a way out of their debt maze without imploding their country.
pods
The country has already imploded. But as long as they don't acknowledge this the EU can continue to put lipstick on the Greek PIGS.
Greeks are excellent negotiators (also in business). Don't expect a signature until Friday 27th midnight...
True, they didn't get to be where they are today by being shit negotiators.
Greeks are excellent negotiators (also in business). Don't expect a signature until Friday 27th midnight...
It just might be funny if Greece out-manipulates the ECB due to certain giant ego's calling the tune. No matter what though, in the end things WILL fall apart and the EU will be the ones who are eating this turd
Heil EU!
They have 1-800-Putin on speed dial.
The Greeks are in control of this situation, in case there is any shadow of a doubt...
You do not fuck up deals with Russians involved. They are not your typical Euro/US pussy. Your mother is sick..fuck you..pay me.
Did the Russians get delivery of their ships from France?
(I actually do not know the status, did France refund payments?)
You think that affair is over?
Is there a russian equivalent for "bottomless pit"?
https://www.youtube.com/watch?v=Dssn5mUb3D4&feature=youtu.be
Mr. Panos returns. FUCK YOU MALAKA!!!!
Loukanikos rises from the ashes...
how about "the hard drive crashed"
Clearly, Germany didn't like the first list...
Didn't know what to make of this but I think you nailed it.
Germans like fairy tales! Why shouldn't we like these lists?!?
https://www.youtube.com/watch?v=_EZI4IZd9oE
Bloomberg running this assesment.
http://www.bloomberg.com/news/articles/2015-02-23/tsipras-tamed-as-econo...
As usual, Bloomberg spin is the OPPOSITE of the truth.
Greece now even further ahead on points...
Troika continuing out of ideas, still poking that turtle to try to make it run.
"This is not the repayment plan you are looking for...
"Odious debt."
Greece has the law on its side. Why are they even "negotiating" for anything other than a total write off?
They have a tax regime now.
Take the devaluation, pay for things in your own debt, declare Greece "open for business." An 80 percent deval would probably result in a fifty percent increase in population actually "as Europeans bail on the euro.". Its not like people are packing the bags to head to Generalplan Ost anytime soon.
Obviously there is enough natural gas in the Aegean to supply all of Europe "forever."
Don't think Noble Energy isn't looking for some new opportunities?
Bwhahahahaha.
three card molly anyone!
Like watching paint dry.
...inside of a humidifier.
well to be fair, they probably have lots of vacation to use up before they submit their list of demands. And it was the weekend too, folks. Daytona 500 was on. ;-)
I'm sure they'll get around to the default eventually.
Not sure I saw any Greeks running around with Dale Earnhardt hats.
Work, work, work...newly released video of the new Greek Gubment in action
http://youtu.be/WolIS6PfJfQ
I thought they had until midnight tonight?
DavidC
And then what?
Vun more step, and ve shoot ourselves in the head! : )
Nihilist: Ve vant ze money, Lebowski.
Nihilist #2: Ja, uzzervize ve kill ze girl.
Nihilist #3: Ja, it seems you have forgotten our little deal, Lebowski.
The Dude: You don't HAVE the fucking girl, dipshits! We know you never did!
[the Nihilists, stunned, confer amongst themselves in German]
Donny: Are these the Nazis, Walter?
Walter Sobchak: No, Donny, these men are nihilists, there's nothing to be afraid of.
Nihilist: Ve don't care. Ve still vant ze money, Lebowski, or ve fuck you up.
Walter Sobchak: Fuck you. Fuck the three of you.
The Dude: Hey, cool it Walter.
Walter Sobchak: No, without a hostage, there is no ransom. That's what ransom is. Those are the fucking rules.
Nihilist #2: His girlfriend gave up her toe!
Nihilist #3: She thought we'd be getting million dollars!
Nihilist #2: Iss not fair!
Walter Sobchak: Fair! WHO'S THE FUCKING NIHILIST HERE! WHAT ARE YOU, A BUNCH OF FUCKING CRYBABIES?
The Dude: Hey, cool it Walter. Look, pal, there never was any money. The big Lebowski gave me an empty briefcase, so take it up with him, man.
Walter Sobchak: And, I would like my undies back.
[Stunned, the Germans confer amongst themselves again]
Donny: Are they gonna hurt us, Walter?
Walter Sobchak: No, Donny. These men are cowards.
Nihilist: Okay. So we take ze money you haf on you, und ve calls it eefen.
Walter Sobchak: Fuck you.
Who cares about this smelly steaming pile of marxist & trotskyite paracite leadership that runs the world now?
You couldn't make this up...
LMAO....And we are surprised because???
So now Syriza has to come up with rollbacks of austerity measures for the home front and new austerity measures for the Troika. Can't wait.
Guess they went to kick the can and stepped on it instead. " oh shit...go get a new can".
Meet CanCrusher! Squashing hopes and dreams faster than a woman changing her mind.
CanCrusher, capable of disposing of multiple kicked cans, especially ones kicked by PIGS.
CanCrusher, faster than Mario Draghi promising to do whatever it takes.
If you order now, we will send you 2 CanCruisher's for the price of 1....CanCrusher.
it's a new twist on the old saying
"you pretend to negotiate and we'll pretend to go along"
Syriza is playing an excellent poker hand b/c no one knows the true situation,
That's the problem when your refuse to take orders by mail but you cannot impose your will... it leaves you trying to guess what the Germans want.
Who cares what the Germans want? Until they decide they don't want the euro anymore... THEN relevance returns in a rush.
Merkel probably wants the Sudentenland and Poland, just she's trying to figure out how to get it and in the meantime she'll take a Vichy Greek government.
Been there, done that. Didn't work.
You know for the last several weeks/months I've made it a habbit of not reading any articles with the word "Greek" or "Greece" in them.
Have I missed anything?
Nope. Back to sleep, von Winkle, and when you wake up again, it'll really, for sure, DEFINITELY be almost fixed.
This is a horror movie where Jason (the banks) is ripping the heart out of his victim (Greece) and the screaming goes on and on and on where the audience is yelling "just die already" -- party out of anguish and partly out of bordeom - but should the victim die - Jason's fun dies --- so it must continue.... and an IV drip must be brought in to keep the victim aliove - keeping the vicitm alive is all that matters - cannot allow it to die - to die robs the killer .... and onto Tuesday ....wednesday....then a vote ...then a re-vote...then adoption of the plan...the a reset then another vote...then a hearing --- then another deadline ---- F##k'n die!
Socialism kills!
...and then there's keynsian capitalism.
so much better.
lmao
Keynes did say in the long run we are all dead! Which explains the debt mess/catastrpohe the world now enjoys!
Health Ranger unveils 3-D printed home hydroponics system that does not need electricity – VIDEO
What utter bull shit.
The delay in delivery was a thumb in the eye to the EU over any "deadline".
Anyone who believes Greece is going to fix itself should buy stock in it.
(spoiler alert: IT WON'T)
Ok, we will have to wait till tomorrow for this (again...)
http://youtu.be/G_Sy6oiJbEk
All Greece has to do is make a list of their bills due this year....and then run to the bathroom to puke....they really have no options...but they sure talk like they do...big hat..no cattle..
No options??
Have you been smoking that crack-laced cnn stash again?
You can't have yer Kate and Edith too! Both sides are drowning in deNile!
All of these freaks are ideologically driven marxists/maoists that are very happy to destroy free markets, and debt & currency markets! Defaults are simply part of their twisted process sheeple!
I believe Mike Whitney actually has it nailed with his recent article, 'Varoufakis's Revolutionary Plan for Europe -- Don't Tell Anyone In Berlin
http://www.marketoracle.co.uk/Article49522.html
My own impression of Varoufakis was that the guy was exceptionally bright and fearless, and beyond that, that the media-herd perception that he had blatantly folded in the face of German pressure was impossibly absurd. We are merely watching a master geopolitical chessmaster at work. Time will bear this out quickly enough. Just witness today's headlines here. Whitney did a good job of filling in a few of the blanks for me, so I thought it well worth passing along.
Bright? Fearless? Chessmaster? What has he been smoking?
I'd luv to see this superstars move if he was the one that LENT the $$$ instead of freeloading like ALL militant socialists do! This bottom feeder is another in a long line of spineless welshing social paracite visionaries who feed off the efforts & risks taken by others!
We will see how clever this imposter is if they return to independence and the Drachma!
Wow. You actually do know more than two words! : ) Shouldn't you be posting your usual, "Socialism kills! ..... the four hundredth time now, my dear litte troll?
Revolutionary Socialism Kills!
A new verbal record! But thanks, we needed the comic relief.
The sad & tragic joke is on the poor niave people that vote for these charasmatic paracites!
Oh. For a moment there, I thought you might be talking about me.
Some wishful thinking there.
Funny how world peace depends on Greek austerity and the Greek people elect the most irresponsible party on the planet they could find. Hmmmm live within our means or loot somebody outside NATO?
Thing is it's not Greece's choice, it's Germany's, but Germany is no longer a "nation" but part of the "EU", a non-state entity, they have no choice either in funding Greece region, the most irresponsible entity on the planet, the EU is completely unaccountable, like the IRS.
Nukes will fly soon, hopefull over "corporate" first.
keep 'em quessing.
that surely pisses the DE off.
lol
"Oh shit, was that due today!?"
Nothing pisses off Germany more than not being punctual. So this was done intentionally.
Lol!
You can give your heart to Tsipras, but your ass belongs to the Eurogroup!
How do you say mañana in Greek?
'aupiov'
if you lived long enough in Greece, you'd know that "avrio" doesn't mean tomorrow.
It simply means "not today".
Big difference!
Socialists always live for today with little or no regard for tomorrow!
Interestingly, the famous neocon philosopher Barney Fife, once referred to your condition as a "compellsion."
It's a great life until they run out of other peoples' money.
Is somewhere a politiician who has kept his/her promise?
Only the tax & spend types!
Ron Paul. Nelson Mandela. Ghandi...
http://youtu.be/n-SCqbWd_7Q
Well done, my Greek friends, Renzi & Hollande are sooo happy about you work!
...........and Wolfgang opens his wallet
Anyone want to bet there is an "emergency meeting" tomorrow that spills over the entire rest of the week?
Staying in the Euro-zone and ending austerity were always mutually exclusive.
Syriza has two options:
1) Taking the four month bailout and letting the electorate decide between the Euro and ending austerity.
2) Making the decision to end austerity now and explain to the electorate later.
Greeks, learn the following German words and keep repeating them for the next 4 months.
***
Ja, bitte mein Herr. Ja, danke mein Herr. Jawohl. Ja, wir bezahlen. Wir bezahlen. Wir machen das. Wir machen alles nach ihren Wünschen. Ja, ja und nochmals ja.
Dankeschön. Vielen Dank. Danke. Gruß an die Gattin.
***
So, and after 4 months you can enjoy life in the sun with Drachmas and be the nicest, most affordable and safest holiday spot on the planet. The Greek economy would explode overnight after DEFAULT on the Euro and the German banks.
There is life after the Euro. Be the first to experience this new life and surely, more will follow as they watch in awe how the Greek Phoenix emerges from the ashes of a horribly failed currency concept!!!
The economy sure will 'explode' .... but not in a nice way!
Greeks love the "woooshhhh" sound of deadlines passing by.
At the end you have to fight them anyway you can...ignoring their deadlines is small but serves a purpose.
Are you wearing fishnet stockings or hip waders? :>D
Tax revenue in Greece was 23% below target in January. The government is probably going to have to hire a lot more tax collectors and put them in some kind of uniform to make them more convincing. They need something simple and inexpensive, like brown shirts...