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Greek Deputy FinMin Confirms Athens Is "Prepared For Rift" With Europe
Just days after Greek FinMin Yanis Varoufakis' comments about hoping the Greek people will continue to back the government "after the rift," were played down by Syriza; ekathimerini reports that Alternate Finance Minister Euclid Tsakalotos on Friday made waves by seeming to confirm that the Greek government was "always prepared for a rift" with its European creditors - "If you don't entertain the possibility of a rift in the back of your mind then obviously the creditors will pass the same measures as they did with the previous [government]," (which perhaps explains why default risks are soaring back to post-crisis highs).
As ekathimerini reports, alternate Finance Minister Euclid Tsakalotos on Friday made waves by saying that the Greek government was "always prepared for a rift."
Tsakalotos, who is the ministry's key official for international economic relations, made the comment during an interview on Star television channel, prompting a flurry of reactions and criticism on social media.
Tsakalotos was speaking just two days after Finance Minister Yanis Varoufakis was caught on camera during a visit to Crete on the occasion of Greece's Independence Day telling a citizen that he hoped Greeks would continue to back the government "after the rift."
Varoufakis' comment was subsequently played down by SYRIZA commentators who said he might have been referring to a possible rift with vested interests in Greece rather than with the country's creditors.
Apparently in the same vein, Tsakalotos said on Friday, "If you don't entertain the possibility of a rift in the back of your mind then obviously the creditors will pass the same measures as they did with the previous [government]." "We are creating ambiguity with the creditors intentionally because they have to know that we are prepared for a rift, otherwise you can't negotiate," he said.
He added that the new government is intent on backing "those who lost a lot in the crisis, and that we are prepared, if things do not go well, for a rift."
Prior to his comments, Tsakalotos took part in a meeting with Varoufakis and Prime Minister Alexis Tsipras.
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So is the plan to bleed the EU for as much as possible for as long as possible... then pull the Grexit "rift" card, pivot to Russia/China? Time is ticking loudly...
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I doubt that Greece is 'prepared' but I do hope that they are 'preparing'
Hard to prepare for something like this, especially when your population has bought into fairies and unicorns forever.....
this... is the biggest bullshit of the week.
as if they would even think to accept to be even poorer than what they are already..
those olive ass fillers are definitivly the most funny european country.
Rift = "We won't leave, but we won't pay."
Grexit is not part of the equation.
Further integration of the EU is.
Greece goin' Cyprus. News at 11.
Boom.
http://portal.ransquawk.com/headlines/reports-on-twitter-citing-market-t...
News Headline Summary
Reports citing market talk of Greece introducing capital controls either tonight or on April 10. Deposit flight said to be intensifying.
Analysis details (15:56)
- Recent press reports have speculated that the liquidity situation in Greece will become critical on the 9th of April and could lead to the country running out of funds on the 20th of April.
Rift = "We won't leave, but we won't pay."
That's where the real fun lies and the EU doesn't understand this.....
THIS MEANS WARRRRRRR!!!!!!
Bullish. Long cannons. Really long cannons. 20km at least.
Let's be very direct, here.
The only way AND reason the EU manages to stays together in even remotely the form it now exists, for more than a few more years (until the next inevitable liquidity/debt/funding crisis), is if budget surplus nation taxpayers (such as Germany, also a positive balance of trade EU member) get absolutely reamed up their collective asses by their own politicians, who are being bought off by the banks, who will only be made whole on EU Member State obligations if
a) such ass reaming is done before the particular indebted member state, such as Greece, leaves, or
b) they are collectively ass reamed in a TARP/TALF bald-headed fuck Hank Paulson way AFTER THE FACT of a Grexit, Spexit, Italxit, etc.
SAVING THE EU IS NOTHING MORE, FULL STOP, THAN A TAXPAYER-SUBSIDIZED BANK BAILOUT ON AN EPIC SCALE.
No, that won't be enough. German economy is barely positive. Not enough surplus to support ALL those losers...
Agree. This is Sparta!
When it occurs it will be exciting and probably they are setting up all the EU bad banks to go down at the same time (rigged to go).
It...just...might...work...for a short time.
Born Ready!!!!!!!arghhhh!
"Alternate Finance Minister"? WTF?
In a parlimentary system the party out of power has 'shadow' ministers....just in case....
"I shot the sheriff, but I did not shoot the deputy, oh no no!"
Varoufakis is touring with Bono
I'd heard that Yanis had signed 'im as th opening act
I'll believe it when i finally see it
right now TALK IS CHEAP BITCHEZ
Just leave the EU already.
German retreat gives a chance for Greeks to prepare for Grexit
end game
This guy waffles more than an inner city Soul Food Restaurant.
What was accomplished up to this point? just a little less than 2 mths in time passage is all..
Well done
Look for more time to pass with votes and negotiations, or at least until some poor country is on fire.
There are -0- solutions to this corruption...
blah,blah blah, bLAH...
how do u know when a Greek is a debt bitch??
when he opens his fucking mouth...
Masterplan by Greeks at next meeting in Brussels is to bring Windex and wipe away all Big Fat Greek outstanding debt resulting in Opa rift and referendum----end of party, back to work.
Greece, I suggest a swift drift toward a terminal Rift.
Pain will be unavoidable either way, but only one of the choices lead to hope for a Greek recovery: Default, issue the Drachma, reboot with affordable Greek tourism and export of Agricultural goods.
As the Germans aptly say: "Besser ein Ende mit Schreck, als ein Schreck ohne Ende". (~ "Better a horrible end, than a horror w/o end")
Enough with the fan dance nonsense, default already.
exactly....
as was my point above...
Prepared? Prepared? Prepared?
That video game expert for Finance minister has a plan? Hope it goes better than the negotiating strategy.
What do the socialists have identified as the next target for plundering?
Go Greeks ! stuff them and jump to the eurasian team ! The others will follow and the Germys will knock at the russian door, hat in their hands.
The EU has succeeded in making this a non-story. They are all lawyers after all. When in doubt, drag it out. Now, very gradually, begin the tightening of the screws.
just tell them goodbye, like now.
Let Merkel and Scheuble explain to the taxpayers of Europe, especially the Germans, how THEY are going to have to eat umpteen TRILLIONS of Euro debt because the banks have been allowed to escape their stupidity by transferring all their liabilities to the schmucks who think that the EU is a good idea.
Is Greece going to default?
Bankers to Serfdom. Don't drain your bank account holdings. We cannot pass the next round of bank stress test.
Ghee, when have we heard this line before? Like, 1000 times! Tspiras is the worlds biggest PUSSY. Nuff said.
Monetizing debt with new debt obligations. Monthly minimum inflow increases as debt amount balloon is placed in a long term fund repayment program.
"Prepared for a rift?" What does that mean? Did Greece successfully test a nuclear weapon?
Greece is a poorly produced on going circus. Everyone involved knows that they can not repay their debt, that is a fact.
Banksters Inc. just wants to keep them in their yoke! The citizens are fucked.
The trouble is they cannot service the debt they have and even if it was 0% interest loans, they still need more to survive another month.
Yeah, there's no upside anywhere in this clusterfart.
FUCK Greece.
They have no intention of repaying debt.
They have no intention of fixing their broken system.
They have no intention of prosecuting anyone who is Greek who got them where they are.
What the hell is an alternate finance minister
They will fold. This is just to keep the Sheeple on the Syriza hamster wheel
Quit prick teasing us. Either default or surrender to debt slavery. These guys are worried if the people will still "like them"
What a bunch of egotistical, simpering fools
Seriously, this is what a generation of namby pamby multicultural head candling has led to
Where everyone gets a gold star for their "attempt".
Choose wrong and there will be burning tires in Athens. With a Zio banker hanging from every lamp post.Yet Tsirpussy and Whatthefuckis are worried about their Q rating
Tsirpussy is worried he won't get to go on RT while not wearing a tie
The Greeks are playing a blinder! And all you dumbfucks moaning on here would do exactly the same if you had the cojones and found yourselves in the same kind of fiscal Queer St. Think about it: the EU is an unending source of moolah and providing you talk to 'em nicely, they'll cough up a few more euro-shekels whilst you pull the smoke and mirrors act. As everybody knows, no one, not the Greeks, the Spanish or the Italians have a cat in hells chance of ever paying their debts, and everybody includes not just us smartarses on ZH, but the rest of the Euro-cabal too. This is a highly ritualized dance which protocol on both sides insists everyone must conform to. Once the Byzantine niceties have been observed, each side picks up it's marbles and goes home, or in the case of the Greeks, all aboard the Orient Express to St Petersburg for the real negotiations with Vlad and heavy friends. It was always going to happen, principally because the Greeks had no intention of signing up to any more S&M games with the Troika, and the Germans, i.e. the real paymasters, are hostage to their electorate, who just want to get the whole thing over and get back to the Dmark and forget the entire ghastly EU experiment. The only real fly in the ointment is Mutti, Schaueble and the German banks, no one else really matters. Mutti will eventually have her revenge on Obama and reach an accomodation with Vlad, but before that can happen a new series of waltzes must ensue, both for the sake of form and the sake of appearances and in order to extract the right agreement from Vlad, who needs Mutti and friends as much as they need him. Truly, we live in interesting times...........
For decades the IMF has used the same structural reforms to ensure third world nations stay as third world nations.
They have now gone to the next level, turning first world nations into third world nations.
The trial run in Greece has exceeded expectations.
International finance - jam today and penury tomorrow.
the IMF is a Vulture fund Casino run by the US/UK dominated financial service industry
vultures like Goldman Sachs and the whole Pyramid scheme of the London financial district.
Everybody else are just serfs to this rotten system, especially the dumb fuck consumption addicted middle class !
The way to fix the fucked up rotten system is like that:
just don't co-operate or participate and watch the shit implode,
live happily on the essential and don't take part in the feeding frency.
Avoid supporting the corrupt system as much as possible -
try NOT to be a Debt slave all your life.
Fuck the system...
Don't get mad, just get even....
there are plenty of ways to do it as long as you don't buy into all this middleclass consumption addicted shit...
starting with your nice Girlfriend or Boyfriend, that nice middleclass family with 2.5 Kids, that nice middleclass house with the debtslave mortgage,
cause it never was your house, your wife, your boring fucking Job.
No, this was all about you and how you bought into this big fucking lie of what was sold to you
as a happy land of dreams via hollywood. Wake the Fuck up !
time to wake up and smell the shit that hit the fan.
otherwise you may well drown in it or do something weird, like crashing A320's or joining IS.
Just STOP !
fucking WAKE UP !
you are a consumer Addict...addicted to sex and food and money...
and now you are on the little blue and red pills...
and addicted to fucking 'your psychiatrist' at 200 bucks per 30 minutes.
No, you were never a real Pilot, just a glorified busdriver that went nuts,
because you did'nt get any more.
fucking Idiots.
WR;)