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Greece Warns It May Default On IMF Loan As Soon As Next Week
Now that the Greek tragicomedy of the new government "threatening" to leave the Eurozone if it doesn't get its way, has been postponed for a few weeks, if not months, we can go back to the biggest story involving Greece, one we first covered in October of 2014, when we said that Greece needs about €43 billion through the end of 2015 to cover its funding needs. Earlier today, the broader market finally woke up to precisely this problem for Greece, when MarketNews reported that Greek creditors are now contemplating a third bailout which could be as large as €30 billion.
Of course, the only "use of proceeds" of this bailout would be to cover prior financing obligations: maturities and interest on pre-existing debt. None would actually go to the Greeks themselves; however a third bailout would certainly come with even more draconian conditions and terms that would make the current Greek "austerity" measures seem like a walk in the park.
So now that the Greek topic is back to overall debt sustainability, a few hours ago Greece Kathimerini reported that the Euro Working Group "discussed Greece’s imminent funding problems on Thursday amid mounting concern about how the country will meet its obligations next months."
This follows a suggestion earlier in the day by the Greek Minister of State for Coordinating Government Operations Alekos Flambouraris that "Greece might delay payment to the International Monetary Fund if it cannot find the necessary money."
According to Kathimerini calculations, Greece is due to pay the IMF 1.6 billion euros next month but Flambouraris said that Athens might ask to delay this payment for two months. "Greece has a total of 7.27 billion euros in obligations next month of which 4.6 billion euros is in treasury bills that are due to be rolled over. The government’s first T-bill issue will have to take place by Thursday as 1.6 billion euros has to be rolled over the next day."
One possible solution is for the Troika, pardon, Institutions to raise the €15 billion limit on T-bill issues, a request which however the ECB has so far rejected.
But wait, how does a country "delay" a payment on a debt obligation, especially when it is due to the very IMF that has over the past year refused to even consider lending Greece any more money (apparently all of its spare cash goes to Kiev these days)?
Well, it doesn't. Back to Kathimerini which reports that "the possibility of Greece postponing the repayment of any debt tranches to the International Monetary Fund is seen as “exceptionally complicated” with “many obstacles,” according to officials familiar with the subject. They stress that such a move would constitute a “clear default,” with consequences for a large number of other loans Greece has received."
A delayed IMF loan repayment would generate multiple consequences, which market professionals estimate would have a negative impact on Greece and its economy, as when the Fund lends money to a country it is always the first to be paid back. If a country forfeits a repayment, this is considered a credit event, or default.
Wait, so, after all the drama of the past month, and all the posturing by the once-proud new Syriza government whose spine, leverage and confidence have since been crushed, Greece may actually have no money to pay the IMF with? Well, yes, because remember: the biggest problem - as explained yesterday - that has always faced Greece, is not its massive debt load, but the reason why Greece accumulated this massive debt load in the first place: its chronic inability to collect taxes!
“Greeks consider taxes as theft,” said Aristides Hatzis, an associate professor of law and economics at the University of Athens. “Normally taxes are considered the price you have to pay for a just state, but this is not accepted by the Greek mentality.”
And that's the whole problem in a nutshell.
So when is the Greek drama set to make a surprise come back appearance?
Greece is due to pay the IMF 310 million euros on March 6, 350 million on March 13, 580 million on March 16 and another 350 million on March 20.
We suggest readers grab a seat and some popcorn on any of those days, because the inevitable day when Greece finally runs out of not just its own but other people's money, may arrive as recently as one week from today.
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They probably want to blow-up Tsipras' plans for Grexit:
On the other hand, Tsipras took what he wanted in order to prepare better for a Grexit. The Greek Leftists in power know very well who are dealing with, so they will use this time to prepare for the next battle of this big war. The four-month period is currently a tactical win for the Greeks as it is close to a recent proposal which was not accepted initially by the eurogroup
Why is anyone still in Greece?
Seriously if I was a resident Greek I would just catch a train to Germany and live there.
The Greeks should just quietly and peacefully invade the sneaky German bastards. There is free movement of people throughout Europe and the currency is... exactly the same.
Why would anyone live under austerity when all the borders are literally wide open?
Some Greeks do it. But only a few. Believe it or not Greeks here in Germany complain that we Germans here in Germany actually live our lifes the German way and act like Germans and the Greeks don´t like it that everything on Germany is sooo German. Toldya, those Greeks are living in a delusion.
Just point out to them that there is a reason they are over there and not the other way around. Also, if you put too many Greeks in one place you get a scaled down version of Greece.
The Greek society in Greece will implode in a not to distant future and Greek Germans will take over the country. Greece will be germanized to a great extend. Those second or third generation Greeks here in Germany, most of them educated at German schools and universities are much more Germans than Greeks, even if they still have Greek family names.
We saw this greek drama play out before in Argentina, and Mexico.
Greece will claim to delay payment, creditors will agree not to push for a default but will skip a payment to be done later. ECB holds back the liquidity facility funds until March.
Germany approves the bailout in the Reich, ECB enables Greece to have the working capital to roll the debts and pay the bonds on the condition the first 4 restructurings are met before July 2015.
Or:
Germany's Reich approves the bailout, but Greece's Syrza govt. splits in two, forcing a new election, and Greece on their own accord must come to terms with their broken society. Finally the average Greek citizen learns it was their own unions, bad governance and socialist pork politics which led them here.
I'll bet the prior happens. And to think, all this Greek, Spanish and PIIG drama could have been avoided if only the arrogant socialists had wanted to develop their own economies instead of beggar thy neighbour trade walls for their own little agricultural and energy special interest groups.
Sad.
@Wolferl
What the hell are they putting in your meat balls?
You got it wrong. All of Europe will be more and more Greek by the minute. You heard the Greeks. Taxes are theft. I concur. The Greeks have this thing figured out much better than your Germans. You still work for the taxman, the large public service sector and the oligarchs.
When Germany is bled dry, Greece will move on and still live a happy life. Germans won't understand what hit them right between the eyes - AGAIN.
Wake the fuck up and stop sucking Merkel's black dildo.
I didn't know she had a black dildo !
It looks like Germans actually don't realise that
their money is going to prop up Douchebank.
The black dildo is a gift from Douchebank.
You're fucking delusional. The seeds of Germany's destruction has also been planted. Sorry, no Nazi rebirth for you dickhead.
I've been to Germany lots of times and I would have to agree with the Greek immigrants that it's too German.
But hey not for much longer, as Germany's policy of exporting debt and austerity to their Eurozone neighbours is certain to result in a huge influx of alternative cultures (economic migrants) and then Germany will become the multicultural melting pot that it seems so desperate to achieve.
Yup I got your point. The Germans are too German. The Greeks are too Greek, The French are...
NOW how about the IMF is too IMFy and the BIS is too BISy and the heavens,,,,The exceptional ones, The UK and USA are just hunky friggin dorey? I will use it as my new mantra.
Yup those damn Germans are way too German. Got it.
Germany is no melting pot and never will. If people come here the assimilated and have to become Germans or they will be in trouble.
Go tell that to the Turks and the rest of religion of peace disciples you have piled up over there.
Like i said, there´s trouble ahead for some guys.
The trouble is for Germans who are used to a certain lifestyle and they won't be able to cope with the demographics when the new blood takes over.
The problem with Germany is that they see everyone else as racial stereotypes.
Mainly because they are so in love with "The German Way". Which doesn't actually mean anything.
Germany is sleep walking into another once in a lifetime geopolitical/economic flashpoint that is going to leave another demographic crater which echoes around the world every 25 years for an entire century.
Wolfkraut, you will note that assimilation is the very essence of the notion of "melting pot." If immigrants to Germany are required to become German, then, by definition, Germany is a melting pot. Frankly, this is to be applauded. The problem with counter-productive immigration is referred to as "Balkanization," which is precisely the opposite of what you claim for the German state. No charge for the edification, and so much for the post-modern German intellectual, eh? Now get back to your golden shower video.
"I'm Muslim but I came directly from Dubai with a MTM tuned Audi, BMW and a Ferrari. I drive 300 km/h on the Autobahn and power-slide in Berlin center, then I pick up western slut and whore and fuck them right in the pussy."
Q: I'm assimilated on the Western values ?
A: Yes, my friend and you are welcome to do it, it's bullish for our GDP !
Well I would complain about German way, unless you are born in Germany, life the German way is unbearable.
The concept of countries is insane.
Countries are just a way of dividing humanity into manageable herds for exploitation, with the additional feature that they can then be played off against each other so they never fight the real enemy - the psychopaths who want power over others.
You are the one living in a delusion - along with the vast majority of non-thinking hairless apes.
Wake the fuck up, humanity.
there is another insanity: going all logical and asking nationalism to go away all of itself, together with other "delusions" like religion
and you are not even aware that you are lobbying, with your stance: for a liberal empire that is against nations and religions a priori
so while you are moaning against psychopaths leading masses basing their leadership on nationalism or religion or both...
you are actually supporting psychopaths leading masses basing their leadership on free movement of people, capital and services... regardless if they want or not
logical, yes. based on what people want... you don't really care then they aren't logic, and so they are, for you, irrelevant, are they?
You don't understand the fatal flaw of the EU. It's not like moving from NY to Florida. The Greeks don't speak German and the Germans don't speak Spanish, etc. The open borders mean shit. Why would you hire a Greek in Germany if they don't speak the language? Also, it's damn near impossible to open a new business anywhere in the EU. The red tape is unbearable. It's a flawed system doomed for failure.
And the cultures are too different. It´s tiny geographically but the cultural gaps are enormous say between a Finish and a Portuguese or just accross the Rhine between the French and the Germans. They can not understand each other, period.
I am a frog (French), I went to Frankfurt and on the way back a German guy was sitting at 9h30 in the morning pulling white sausages out of huge bowl and eating with brown mustard and a large pint of beer at 9h30 in the morning.
I was with my milk coffee and my toasts with jam and butter like with disgut at the white sausages brown mustard and pint of beer of the guy sitting next to me, and that when I was thinking: I need to get out of that place as fast as possible. I realized that there is no way we can live in the same political-economic area. We are too different.
I must be German. ;-D
Look at the bright side, you guys can still play soccer between the trenches and sing Christmas carols together.
I like beer for breakfast much better than milk. I also don't care for toast nor white sausages, but beer is great with grits and eggs with hot buttered biscuits with local honey. The eggs have to have plenty of Tobasco to keep the microbes in check as a honey complement. A double bourbon after breakfast will settle the stomach and promote digestion.
Fuck Wheaties.
Grexit would mean freedom from the sadistic European neoliberal economic empire that sucks peoples' blood to offer it to the banksters and plutocrats.
Defalut my ass. this is another ploy to get suckers (used to be me) to short so I can burned again and again. I have lost my last penny in this rigged game.
Your problem for trying to out think theives.
Germany needs to pay!! First put coffee down
http://www.degaray.com/?p=5014
Germany needs to pay!! First put coffee down
http://www.degaray.com/?p=5014
Occident:
Excellent point - if IS can threaten to move 500,000 Moslems into Italy, moving Greeks to Germany ought to be a cinch.
Moving on to another point - this shows the entire drama up to now is meaningless for the EU; "Yo, EU / IMF / ECB / FED / BIS, get out the KY, because you be ******."
The Germans are so screwed - their manly man fiasco is for naught. So they get their way in the so-called negotiations which resulted in some EU hack writing up the papers, and it doesn't matter because the Greeks are broke courtesy of bankster demands.
Which once again proves banksters are nothing but dumb thugs. They just nail-gunned themselves. The Greeks can sign anything the banksters tell them to sign, and they are still not going to make the payments.
I see the banksters suddeenly saying to themselves, "Our program means nothing because they aren't able to pay regardless. The derivative crash is coming, a la Samson and the Philistines. OMG, what's that hard object I feel cramming up my rectum . . . ?"
I love it: the banksters are being hoisted by their own petard.
-30-
Had to upvote you for the Falstaff reference.
If you've ever watched My Big Fat Greek Wedding, you'll undertand how insular cultures can be, notably the Southern European ones...
Greeks, by culture, don't have the willingness to survive themselves. It has become ingraned in their DNA to not contribute anything to society anymore and thus, their sovereignty will be mostly wiped out during this coming generation after they are forced to borrow more money from the Russians.
Why is Germany paying for foster children they didn't adopt? This is - on a large scale - Sovereign Darwinism. Suicide.
Is it suicide or is it the NWO doing whatever it can to fracture all cultural groups that might oppose their overlordship?
People who want power over others have 2 choices.
Imposition or subterfuge.
What better way to get people to go along with government than making them dependent on it?
Michael Lewis in one of his many great books ("Boomerang", I think) said that Greece was the only country he visited in the EU where he never found any Greek willing to say anything positive about another Greek. That comment tells you why they have a problem!
Watch My Big Fat Greek Wedding = am now qualified to pontificate on Greece.
What a fucking idiot.
You'll find that many of the Greeks with a bit of gumption moved to Australia in the 50s, 60s, and 70s. Australia has the largest Greek population outside of Greece.
My parent's neighbour came over as a simple labourer and is now a multi-millionaire with a large brood of healthy intelligent grandchildren. He goes back to Greece regularly and tries to tell them how stupid they are, but they just laugh. I wonder if they are laughing now...
Australia offers opportunity to those with the will to take it. But like the Greeks wallowing in Greece, most people are just whingers and pretenders.
Talk to me after Australias bubble economy implodes.
Sure. I'll invite you over for a bbq dinner down by the beach. Fresh crayfish pulled in from the reef, sweet herring caught off the jetty, lamb chops from the local farmer, and fresh fruit and vegetables from the orchards and market gardens.
You can bring some canned spam if you feel like it would be embarassing to rock up with nothing, but don't feel like you have to. I know 'meat' is expensive in Amerika.
LOL yeah by the beach cause you are living out of your van since you cant afford the fucking housing there. Well guess without having to pay for housing you can scrape enough for some fresh veggies instead of vegemite. Just dont go into the water, the crockies or sharkeys may bite ya. And dont go under the van the brown snakes may nip ya mr dundee.
Just as a mental exercise, I reread all the comments that started with Occident Mortal (comment 5833412) and substituted Mexico/Mexicans for Greece/Greeks and America/Americans for Germany/Germans. So many of the comments rang true with the substitution. Mexicans (as a placeholder for Central Americans in general) quietly invade America, because Obama allows free movement of people between Mexico and the USA.
Then there was the comment that "Greeks here in Germany complain that we Germans here in Germany actually live our lifes the German way and act like Germans and the Greeks don´t like it that everything on Germany is sooo German." Those Hispanics really don't like it when Americans want everyone to speak English. And then "if you put too many Greeks in one place you get a scaled down version of Greece", which can easily be morphed into a description of Hialeah, FL, sometimes referred to as Little Havana.
One last example: "Germany will become the multicultural melting pot that it seems so desperate to achieve." I'm not so sure about how much the typical German really wants to be a melting pot, as the several Germans I know here in Florida do not feel that way. On the other hand, try "America will become a balkanized, multicultural mess, just as the Progressives are desperate to achieve."
Try it and perhaps you'll see the parallels.
If it weren't for all the free shit (welfare/medical/schools/etc.) and a profitable place to sell drugs, most Mexicans wouldn't bother coming here. Get rid of the free shit and end the war on drugs, and we won't even need Border Patrol any more.
The aversion to tax collecting, IMHO is not the cause of this problem.
Apparently, on the issue of tax collections, je suis Greek. Don't know French; did I phrase it correctly?
Let's stick with English.
I speak French badly - I'm even worse at every other language on the planet.
TAXATION IS THEFT.
Simple, really.
I bet Google translate could with that in a lot of languages (unless told otherwise)
"Je suis grecque" is the correct one.
Greece will do whatever the IMF says and it all just bullshit .
Abit:
When you can't pay, you can't play; or was that concept too subtly communicated for you?
So let me spell it out - the IMF ain't getting doodooly squat if there's no money in the treasury to pay them.
Obviously, this is the "minor" point the EU et al. didn't consider in their rush to put down other nations' anti-austerity movements.
No, the EU and its thug "institutions" are going to do "whatever it takes" to make sure there is money for the Greeks to make their payments.
All macho grandstandiong by the so-called institutions aside . . .
-30-
If the banks can just print it, why do governments force people, effectively at the point of a gun, to pay taxes?
Can anyone help with this?
Logic, the answer is that all the money printing in the world is just dilution. The only way any value can be kept in a fiat system at all is through the input of labor in exchange for the paper. Hence, without ongoing and incremental taxation, the probability of a hyperinflation becomes intolerable. In other words, post-slavery America immediately set about the reinvention of slavery. But, of course.
Control
"If the banks can just print it, why do governments force people, effectively at the point of a gun, to pay taxes?"
I believe it is Control as foodstampbarry had already pointed out. Taxation is nothing less than enslavement, it exists to compel us to remain job and debt slaves. If we didn't need jobs or credit facilities to pay for our daily bread, some of us may use the time and opportunity to rebel against the existing order.
Oops, time to stick another wad of bubble gum in the leaky dam of global debt. It's a good thing the ECB starts further ponzifing European debt next week.
LOL What a coincidence!!
I thought we where going to hear some wisdom from Mr Panos
https://www.youtube.com/watch?v=Zvl9N9GdraQ
still funny and true.
Mr. Panos IS BACK. He just published another couple of short YouTube clips at mrpanosblog - first ones in a year. I think he's doing them drunk and probably naked in his bathroom with his cell phone. I'm assuming it's a Greek thing.
He's kind of scary in The Greek Financial Crisis Deal, but the newest (and very short) video Cyprus was hilarious - it finally clears up everything I always wanted to know about that place, "We all one peypool!". He gets my thumbs up.
GREECE IS FIXED !
Like wrestling matches, EVERYTHING is 'fixed'.
Try to imagine describing the world's financial system to an alien with a logical mind!
He'd piss himself laughing (assuming aliens have to excrete!)
Fixed like my cat.
Look at the US 30 OMFG....................
Que pasa?
http://finviz.com/futures_charts.ashx?t=ZB
https://www.youtube.com/watch?v=Nv35OPKzCQw
ZH trying to suck me back into the greek tragedy --- not going to bite ---- wake me up when the Comex stops selling paper gold -
You may, in that case, be effectively dead.
I don't know how the game has lasted this far, but the fact that the ref can change the rules at will to favour the team of his choice, and the teams are about as far apart in power as a fart and a hurricane may be the answer.
Could take quite a while.
I'd have more respect for them if they explicitly repudiated these debts as odious. Since they can't be repaid, there's no payoff for being a moral quisling about it.
The Greeks have so much assets it´s no problem to repay that loans.
Maybe they can stick their assets in a few German holes hahaha
You are confusing the debt of the state with the debts of the citizens .
That's why they're called MORTGAGES .... you never pay them off !
The really scarey thing is that this situation has become a joke or a non-event, until something unexpected happens and either side has no option but to walk away and then this shit isn't going to be so funny anymore. BTFD until . . . well the Trojans thought everything was hunky dory until it wasn't anymore.
What's "scary" about it?
"You screwed up. YOU TRUSTED US!"
ULTIMATE power of gold is when you get a reserve currency failure.
We might get two simultaneuosly should this "euro contagion" hit Japan.
First there was Yanis Varoufakis (Anus Whereyoufuckus) .... now there's Alekos Flambouraris (Alikes Flameourarses) .... read between the lines !
The euro could collapse ...quite possibly over the weekend.
"Everyone starts issuing national currencies all at once. All debt expires worthless."
You cannot borrow your way out of debt. Greece is finished, EU is finished. They just don't say it out loud
So is the U.S.
The US is moving into Kiev right now...guaranteed.
This is a relief operation now.
The entire country has been destroyed.
That's what US does best, isn't it?
The destroying countries bit, I mean.
So, you're saying the solution to too much debt isn't even more debt? That kind of thinking might lead to the elimination of fractional reserve banking and central banks in general!
Just default and go away already Greece.
You mean, the Greeks should leave Greece and give the country to the creditors?
Let Turkey run it apparently.
No one is allowed to default ever again.
just enough time for every Greek to dig their own grave.
I saw it from someone else on here - sorry don't remember who - but 'could you loan me $10 so I can pay you the $5 I owe you?'. Some how or another I'm not regretting having no Edumacation in economics.
Sadly, that was from me.
Greece is the new Ferguson .... just a lighter shade of gray !
The Grecian formula will get that gray out....
so the real problem of global economy is the greek tax evation and not the [central banking money creation - money creation through debt (#modenrn money mechanics) or the unreality of the derivatives market].
ok. next the aliens bring us some money to pay our debts to the banks,
If aliens are watching, they are:
1. Laughing themselves to death.
2. Totally confused.
3. Both of the above.
If they advanced to the point where they can achieve interstellar travel, they figured out how 'useful' money is long ago and moved forward.
Odds on humans pulling this off?
dear dummies. This is fiat. Easy come, easy go, easy click click, easy debt gone bye bye - so fear not & buy buy buy
Greece knows that it is bankrupt entirely, and cannot afford to keep the charade up for IMF's sake.
Another zero sum game not worthy of playing another round.
[GAME OVER]
[PLEASE INSERT ANOTHER QUARTER]
[==========]<--------------INSERT QUARTER HERE
[PRESS START]
Greece is just like herpes simplex virus, the gift that keeps on giving.
The tale of two bailouts.
http://personal.lse.ac.uk/casellif/papers/greece.pdf
This is a repeat: "We (the Greeks) pretend to want austerity .... They (the Germans) pretend to believe us !"
Can you send me a JPEG of that lovel EU Coin ?
Dig it & could not find it on google search.
Thx appreciate
You what the money? "Come and Get it"; molan labe. :-)
A few computer clicks and the $30 billion is magicked into being. Greece uses this to 'pay off' the IMF, Credit Event avoided.
What's that clanging noise I hear? That's the sound of the can being kicked down the road. This will be a non-event.
Click a little more. You missed the other side of investment vehicle.
One of the most commonly used gadget these days, an alarm clock also had its origin in ancient Greece.
Irony
The only fucks broke are the IMF and ECB. Issuing another loan will bank the government piglet for a short term window.
http://www.imf.org/external/pubs/ft/scr/2014/cr14151.pdf
Let's run another 5,6,7,8,9 review. IMF is going to be audited next, so will the UN and World Bank. Count on it.
HAHAHAHAHA
Is this any fucking surprise?
Just walk away already.
Christ, save what is left of the foundations of your economy and society. They will default in the end regardless.
Are the Greek negotiators trying their next move? "Loan us more or we default."
The sooner the Greeks exit the EU the better. Most likely to BRICS.
The apogee of stupidtiy. To continue to make the same mistakes & expect different results.
Sheeple, it's what's for dinner.....
Deja fucking Vu
Government Debt in Europe - Google Public Data
Two years are missing on Google search engine. I have active numbers, let Goggle nose dive in Net Neutrality and AdSense bullshit. Stock put options are a finger key away.
Nothing like beer and bratwurst with mustard at 9:30 in the morning.
Smells like...victory ! They didn't win the war, but dammit, they can have bratwurst and beer at 9:30 in the morning. I call that a win.
This is RICH!
We don't have Euros, but will you take Drachmas ?
No ?
Well then fuck you Malaka !!
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http://ec.europa.eu/eurostat/help/new-eurostat-website
I won't tell you how you can see everything on the internet. Passing laws without knowing how the 20 year product works.. Brilliant.
One question for the FCC, how do expect to protect your new law when a third party is managing their tier 3 internet provider looking to subsidize fiber optic expansion. Are you that stupid when the High definition TV movement was charging for HD TV for HD service that didn't exist for broadband connection service? TV's where still analog. Your TV service is a jewish kiked overtake.
Prior to TARP bailout, they gave you free boxes so you could still watch analog TV. Do you remember the American and reinvestment act? FUCK YOU FCC & NIGGER OBAMA> I just exposed your trail of fraud.
Watch out for that AR-15 silver bullet theory you might be running as a threat against your life. Lee Harvey Oswald, your communist buddy used a a single bolt rifle. The 6.5 mm Carcano carbine manual, not automatic. Think about it.
TV??
Who the fuck, in their right mind, would point their face at one?
Are you suggesting that LHW did the Kennedy job by himself?
I'm looking for clarification, as I really don't see your point.
Dear Greece, you're boring me. Please get your shit together. signed, the Planet.
May I ask how you are bored? It's a failing organization
http://www.tavinstitute.org/
Obama signs bill, gets Secret Service protection for life
"With the stroke of a pen Thursday (January 10th, 2013), President Barack Obama gave himself and his wife Secret Service protection for the rest of their lives."
http://politicalticker.blogs.cnn.com/2013/01/10/obama-signs-bill-gets-se...
Boredom comes from within, not without.
If you look out at the amazing and complicated world you live in and are bored, you really are not paying close enough attention.
:>)
Wait until it's China thowing down a few debt markers for something other than worthless paper. The sooner Greece tells the EU to come and get it the better for the world.
Watch my lips....
The Greeks waived sovereign immunity under the memorandum, which was written under English law.
If they default, Tsipras & Faroufakis will be replaced by Troika GS technocrats, who'll knock out Greece's state-owned assets (wherever they are) in a fire sale to the banksters who'll set themselves up with juicy perennial rents utilising cheap Greek labour. Greece is pwned.... forever & ever & ever.
But the Greeks will love it because they can eat again.
What's the difference?
You mean a contract still in existance to loot a loan given to Greece from England? What the Brussel idiot wants is the UK to join EU to grab the debt note and spring into higher borrowing leverge? Government refinancing is all.
Make sure you're not wearing a Obama taypayer condom.
http://ca.blackberry.com/enterprise/products/vpn-authentication.html?LID=ca:bb:software:businesssoftware:bes-12&LPOS=ca:bb:software
https://store.blackberry.com/direct/Product-Catalogue/Management-%26-Control/c/1000
FYI..
Achtung bitchez...
Here in Kanada, we have the largent Chinese population in Vancouver outside of China. We have the largest Greek population in Toronto outside of Greece, the largest Italian population outside of Italy, and so on...yet, we all get along.
Germans are hard working and serious, Greeks enjoy 25 hour work weeks and drinking ouzo and playing the bouzouki, the French start work at 10am and take loooong lunches but work till crazy late hours, and so on.
I dont think anyone wants to be FORCED to live in another man's culture and climate and language, especially when they're reduced to economic refugees.
Like Nigel Farage has said; yes to economic exchanges between countries of Europe but not the kind of forced mariage that has been imposed and least of all, the one size fits all approach of the EU.
Maybe I'll move there. You mentioned work.
All those that resort to name calling of individual european countries are drinking the Zionist cool-aid.
Dont fall for it. Before the EU "experiment", we all loved and travelled to those countries exactly BECAUSE of their differences.
Now, because the experiment has gone horribly wrong, we expect each individual culture to just MELD without so much as a screen or a convulsion?
Heck, American's have always laughed at Canadians for our inexistant differences and this despite the fact that we share the same language, the same basic culture and the long est, contiguous border in the world.
Anyone who pays debt service with borrowed money has already defaulted. The endless bullshit otherwise notwithstanding.
Call AMEX, demand a Black Card. Honestly, tell them to fuck off and use cash.
https://www.creditcardinsider.com/insider/the-american-express-centurion-black-card/
See the annual fees via countries? Someone is basing on SDR rates. Have a good laugh.\ Old comedy, RIP Rik Mayall. You brought so much humor in our lives as youth's. Just found out lastnight. my condolenences Barbara.
You brought so much humor in our lives as youth's. Just found out last night, my condolence’s Barbara. In America, we get so tied up with this Kenyan Gypsy Negro who thinks he operates under the fucking parliament. Missed the funeral announcement, quite sorry.. Adrian, Rik, Jennifer, Nigel, Peter, Dawn, and others formed our lives in British comedy. I’ll tribute a favorite, bet less than 1% remembers channel 4 viewing. winks
Comic Strip Presents: Four Men On A Plane
The Airport/BP segment on the rewards program is a example of the fraud in USA.
Anyone who lends money to someone without doing their due diligence and making sure the borrower is completing the 3 standards of any lending institution (credibility, serviceability,warranty) has already lost their money from day one...any court will tell you that.
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