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The 'Relentless' Greek Debt Payment Schedule

Tyler Durden's picture




 

Greece, which owes €324 billion to the International Monetary Fund, the European Central Bank, and euro zone governments, faces a relentless debt payment schedule over the next few months.

As Bloomberg reports, little money has been coming into the country, however, and talks over the release of bailout funds are progressing slowly. The government has been meeting obligations by drawing on its cash reserves.

In a move that could keep the country afloat until the end of May, Prime Minister Alexis Tsipras ordered municipalities to transfer funds, estimated at about €1.5 billion, to the central bank.

Below, a sampling of debts due in May, June, and July.

 

Source: Bloomberg

 

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Fri, 04/24/2015 - 13:49 | 6026911 kchrisc
kchrisc's picture

Dear Greece,

ZATO, in one form or another, is coming.
You may want to find and oil up that old hunting rifle.

Liberty is a demand. Tyranny is submission.

 

In Iraq the Zion's war dog DC US drove right to the doors of the oil ministry. In Greece they will drive right to the doors of the treasury.

Fri, 04/24/2015 - 14:11 | 6027025 Groundhog Day
Groundhog Day's picture

Dear Greece,

If you are ultimately going to default anyway,  why make any payments at all?  do you really need more time to prepare?  you've only had 3 years.

Fri, 04/24/2015 - 22:57 | 6028598 capital one
capital one's picture

I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com

Fri, 04/24/2015 - 13:36 | 6026846 Osmium
Osmium's picture

Get Old Yeller on the phone.  She will print up more Clownbux and hand it to Greece to pay their debts.

Fri, 04/24/2015 - 14:12 | 6027029 Groundhog Day
Groundhog Day's picture

A lanister always pays his debts

Fri, 04/24/2015 - 13:38 | 6026852 centerline
centerline's picture

Makes one wonder if this is a distraction.  Probably not.  But, doesn't hurt to ask.

Fri, 04/24/2015 - 13:43 | 6026853 Bam_Man
Bam_Man's picture

It's kind of like when you owe 100 dimes to Carmine and Vinny at 2 points a week and you're trying like hell to avoid contracting aluminum bat syndrome.

Fri, 04/24/2015 - 13:38 | 6026855 Not_FieldingMellish
Not_FieldingMellish's picture

They will stop bleeding Greece dry when the last of their gold reserves are assigned over.

Fri, 04/24/2015 - 14:17 | 6027055 Spectre
Spectre's picture

Betcha it's gone or will be by the time anyone thinks of even having it assigned to the foolish creditors.  How Funny this all is.

Fri, 04/24/2015 - 13:38 | 6026858 youngman
youngman's picture

Not going to happen....so Greeks ..prepare for the future..whatever that holds for you..either way its a shitstorm...

Fri, 04/24/2015 - 13:39 | 6026860 kchrisc
kchrisc's picture

My repayment recommendation: Don't

Liberty is a demand. Tyranny is submission.

Fri, 04/24/2015 - 13:43 | 6026880 Q-Q-Q
Q-Q-Q's picture

Keep on paying this months even if you can't pay next months!

They're just praying and delaying........the same as the rest of the Western world.

Fri, 04/24/2015 - 13:54 | 6026907 Kirk2NCC1701
Kirk2NCC1701's picture

Suggest they 'print' the EURO payments, the same way that the EU 'prints' their Loans:  Out Of Thin Air.

That's what the Weimar Republic did (as I recall), to give the Allies (Brits and French) the middle finger, after the usurious Treaty of Versaille.  And after the Reset (Weimar hyper-inflation and collapse), they issued debt-free money: OEFA and MEFO bills.

   https://en.wikipedia.org/wiki/Mefo_bills

   https://en.wikipedia.org/wiki/Oeffa_bills

And here's some useful info on Germany's FinMin (Hjalmar Schlacht) during the 1930s...

http://www.fourhourday.org/content/docs/Hjalmar%20Schacht.pdf
Horace Greely Hjalmar Schlacht ("And the Magical Mystery MEFO Bill").  BTW, Schlacht also helped create the BIS -- which got hijacked by Moneychangers (for their Globalist plans), but that's another story...

Fri, 04/24/2015 - 13:58 | 6026954 kchrisc
kchrisc's picture

Actually Weimar gave the Allies gold and gold Reich marks, as required under threat of having the Ruhr, amongst other things, invaded.

They printed non-gold backed Reich marks for operations at home, which then set off hyperinflation. The hyperinflation was further flamed by returning Gold Reich marks coming back into the country and inflating prices further.

Liberty is a demand. Tyranny is submission.

Fri, 04/24/2015 - 13:49 | 6026908 youngman
youngman's picture

Pretty much all the cards are on the table...the EU gave them way to much money..and the Greeks have no way of paying it back...its over...unless you just want to support them for ever..and for billions more as the Greeks will steal as much as they can now....for survivals sake...

Fri, 04/24/2015 - 14:06 | 6026928 Smiley
Smiley's picture

I love when people actually think that the Greek debt is structured in such a way that it can be paid back.  The people that lent the money don't want their crappy paper back, they want Greek land assets.  It is fun watching the holding pattern of unicorn pilots pontificating about how they will be the ones to stop austerity and restore the gravy train.

Its all just a circus to placate the sheep and make sure they are tired and weary instead of pissed off and motivated.

Fri, 04/24/2015 - 16:50 | 6027766 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Exactly. They want Greek real estate, and the Greeks out---after guilt-tripping their relatives abroad into coughing up tens of thousands of euro a head for exit visas for their cousins, of course---and replaced with the contents of humanoid cesspits from Lagos to Lahore.

As a guinea pig for the banksters' latest sadistic social engineering schemes, Greece will never replace the Soviet Union, but they plan to have as much fun as they can stand just the same.

Fri, 04/24/2015 - 13:57 | 6026946 Chupacabra-322
Chupacabra-322's picture

A HOT Potato of Debt.

Fri, 04/24/2015 - 14:01 | 6026956 farmboy
farmboy's picture

Ridiculous, 320 bln is just 3 months of the new QE 4 to keep a good ally away from the Russians.

Fri, 04/24/2015 - 14:19 | 6027065 Spectre
Spectre's picture

Alex, I'll go with "Greece is Fucked" for $1,000 !

Fri, 04/24/2015 - 14:26 | 6027112 pashley1411
pashley1411's picture

More headlines, more shilly-shalling, more back-door-loans, more tax-day foregiveness, more pension-fund confiscation, more crony-back scrathing, more Greek-money-hiding-in-London real estate, more Russia/China/space aliens-will-save-us, more Kraut-bashing, more tears-and-wailing.   

One thing our sophistry-based polical class does not produce, is results.   Hard decisions, hard consquences.   Turning to realty would cut the "BS Factory" out of the loop.

Fri, 04/24/2015 - 14:51 | 6027264 itstippy
itstippy's picture

Herman Von Rompuy must return to the helm of the European Council and provide stability, reason, and hijinks.  The genius of that one man is the only thing that can save the situation at this point.  Bold, yet restrained.  Creative, yet conservative.  Brilliant, yet understated and simple.  Von Rompuy is crucial to returning Greek Financial Crisis to its former glory.

Also that jolly fat former Greek Minister Of Finance, Evangelos Venizelos, must step up to the plate for his country.  Silvio Berlusconi should make some biting statements and cameo appearances.  A suitable replacement for Sausage The Riot Dog is needed.  And bread helmets.

The cast and script writers of this season's Greek Financial Crisis are BORING.  That's unforgivable!

Fri, 04/24/2015 - 14:57 | 6027293 CHC
CHC's picture

Quit being a slave to the lenders - default TODAY!!

Fri, 04/24/2015 - 15:20 | 6027393 escapeefromOZ
escapeefromOZ's picture

Dear Greek government with all those deadlines coming up for debt payment , it is obvious that you cannot reapay debt due in a few months , then stop now because it is pointless . Admit that the debt is impossible to re-pay, be honest with ypur electors and tell them that eternal servitude to the banks is not worth the euros . 

Tell the IMF and BCE to Fu.... off , straight , directly and on Television . Those morons you are dealing with ( The EU traitors and the IMF voltures ) must understand what you are saying and the only language they do understand is the dirty language , not polite , diplomatic , subdued mambo Jambo . 

Fri, 04/24/2015 - 17:03 | 6027802 Anunnaki
Anunnaki's picture

So fucking sick of how pathetic Syriza are. Keep eating Merkel's shit you Commie weaklings

Fri, 04/24/2015 - 18:32 | 6028025 Prober
Prober's picture

Lesson: If you don't want to have to pay back the money, then don't borrow the money !

Sat, 04/25/2015 - 00:19 | 6028703 Joe A
Joe A's picture

Lesson 2: Irresponsible lenders will be bailed out by the tax payer.

Cause we live in a system where profits are privatized and losses are socialized.

Fri, 04/24/2015 - 21:53 | 6028452 GreaterFool1965
GreaterFool1965's picture

Why haven't they setup a gofundme account yet?

Sat, 04/25/2015 - 00:21 | 6028706 Joe A
Joe A's picture

Default already. Like you should have done some time ago.

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