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Greek PM Seeks "Happy Ending" - Will Do Whatever It Takes

Tyler Durden's picture




 

As next week's Eurogroup meeting's last chance to get more cash, ahead of the looming threat of a €780mm payments due to The IMF, rapidly approaches, the left-wing Greek Prime Minister Alexis Tsipras has forecast a "happy ending" to fraught negotiations on the cash-for-reforms deal. EU creditors are less enthusiastic, as Reuters reports, noting talks were making progress, though not enough for a deal next Monday. Tsipras promised to do "whatever it takes in order to reach... an honest and mutually beneficial agreement with our partners", but gave no indication of yielding on the lenders' core demands for painful reforms.

The relentless payment schedule for The Greeks...

 

 

As Reuters reports,

With Greece fast running out money, sources close to the talks with the International Monetary Fund, the European Commission and the European Central Bank said there was still no breakthrough on crucial sticking points over pension and labor market reforms and budget targets.

 

Tsipras, who has taken personal charge of the negotiations, told parliament in Athens: "I am confident that we will soon have a happy ending and that despite the difficulties... we will carry out the agreement which will be concluded soon in Europe."

 

The leftist leader said his government was "doing whatever it should in order to reach ... an honest and mutually beneficial agreement with our partners", but gave no indication of yielding on the lenders' core demands for painful reforms.

 

The government has said its "red lines" are that it will not make further pension cuts or legislate to ease layoffs in the private sector. It has given some ground on privatizations and value added tax but wide gaps remain.

 

In Rome, Eurogroup chairman Jeroen Dijsselbloem said Monday's meeting of finance ministers of the currency area would not be decisive, but negotiations were moving forward. Greece's partners would only consider debt relief once Athens committed to and completed its current bailout program, he said.

*  *  *

As a reminder, Monday is D-Day, as Athens must make a €780 million payment to the IMF on Tuesday and unless the IMF agrees to effectively pay itself by loaning Greece more money, that payment will be missed at which point "all bets are off."

 

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Fri, 05/08/2015 - 09:50 | 6072638 TheIlluminaughty
TheIlluminaughty's picture

I'm gonna need some confirmation that he will infact love the IMF for "rong time"

Fri, 05/08/2015 - 09:52 | 6072646 Soul Glow
Soul Glow's picture

The IMF is going to give him pocket change the Greeks can believe in.

Fri, 05/08/2015 - 09:56 | 6072656 Waylon Bits
Waylon Bits's picture

The we seeked a "happy ending" at our massage therapist.   Had a cop pay we a visit.....

Fri, 05/08/2015 - 10:03 | 6072688 NotApplicable
NotApplicable's picture

Hand jobs for everyone!

Fri, 05/08/2015 - 10:04 | 6072691 Latina Lover
Latina Lover's picture

You are too US centric.

 

Happy endings for Greeks are getting it up the rear from the EU while getting their testicles fondled before they are crushed.

Fri, 05/08/2015 - 10:29 | 6072767 TeamDepends
TeamDepends's picture

A chicken in every pot, a hand in every crotch...

Fri, 05/08/2015 - 10:06 | 6072689 Latina Lover
Latina Lover's picture

All the EU 'extend and pretend' won't matter since the Greeks are bankrupt.  The real plan is to load up the Greeks with enough phony debt untill all of their major assets are held by foreigners, then pull the plug.

Fri, 05/08/2015 - 10:35 | 6072788 Freddie
Freddie's picture

If the Greeks had any balls - they would elect Mr. Panos as prime minister.

https://www.youtube.com/watch?v=Zvl9N9GdraQ

Fri, 05/08/2015 - 10:03 | 6072690 sodbuster
sodbuster's picture

Maybe he's getting a BJ from LaGarde? Merkel?

Fri, 05/08/2015 - 10:18 | 6072737 PartysOver
PartysOver's picture

Totally uncalled for.  That is just plain gross!  Not to mention shrinkage effect.

Fri, 05/08/2015 - 11:31 | 6072995 Kirk2NCC1701
Kirk2NCC1701's picture

In China a haircut costs $2.  Haircut with a Happy Ending: $25-50.

Adjust prices for Greece and Troika.

Fri, 05/08/2015 - 11:31 | 6072999 Larry Dallas
Larry Dallas's picture

This PM turned out to be a bonafide, flash in the pan. What a fagit!

Fri, 05/08/2015 - 09:55 | 6072660 Oh regional Indian
Oh regional Indian's picture

Cool handle....

Greece might well be the spot from which the great crash will originate. No other country is in this deep a hole, has a population used to a certian way of life they cannto change and the ruthless IMF breathing down their necks.

Just imagine, 10 years ago Athens hosted the olympics, and now this.

Burn the fucking money-changers system down.

But yeah, Greece might be the financial tinder-box they use to explode th esystem.

Mother of democracy and all that, let her kill her metastasized off-spring eh?

Meanwhile, Sonic Cleansing, Sequence 17:

https://www.youtube.com/watch?v=5BrvoWEw2J8

Fri, 05/08/2015 - 09:51 | 6072643 Soul Glow
Soul Glow's picture

Cue the massage parlor jokes.

:)

Fri, 05/08/2015 - 09:54 | 6072647 Dr. Engali
Dr. Engali's picture

It's a good thing the Greek's latest election changed everything. Can you imagine how bad it would be if they didn't have this guy fighting for them? Remember this in November and tell all your friends to get out and vote. It's their most important duty as a citizen. 

Fri, 05/08/2015 - 09:54 | 6072657 astoriajoe
astoriajoe's picture

I don't think a Tsipras R&T is gonna cover it.

Fri, 05/08/2015 - 09:55 | 6072659 BadDog
Fri, 05/08/2015 - 10:06 | 6072700 Polymarkos
Polymarkos's picture

End socialism in Hellas; that'll solve your problems.

 

Good luck with that, PM.

Fri, 05/08/2015 - 10:11 | 6072718 lasvegaspersona
lasvegaspersona's picture

No need to 'end socialism', it will end itself...when the money is gone!

Fri, 05/08/2015 - 10:12 | 6072722 SpanishGoop
SpanishGoop's picture

Greece will fold !

 

Fri, 05/08/2015 - 10:25 | 6072758 Atomizer
Atomizer's picture

Alexis, don't forget to wear your vibrating butt plug while sucking cock for more money.  

Surviving Progress| World Bank

http://m.youtube.com/watch?v=186JorWpklo


Fri, 05/08/2015 - 10:36 | 6072789 gcjohns1971
gcjohns1971's picture

Tsipra's press releases, alternately threatening, then begging, have a remarkable similarity to the gyrations of a junky to get more dope.

Looking at Greece's woes, it appears that the Greek Government is the problem, not the solution.

Fri, 05/08/2015 - 10:41 | 6072806 Sizzurp
Sizzurp's picture

Sounds like he has looked over the cliff and decided he didn't like the view.  When the choice is riots all summer long, or sipping ouzo on the beach for awhile longer, it's not hard to understand.  Politicians always choose the path of least resistence.  Full on collapse will come soon enough anyway.

Fri, 05/08/2015 - 10:43 | 6072814 Joe Tierney
Joe Tierney's picture

Tsipras has been misquoted

 

He actually said, in a literal word-for-word translation,

"Greece will have a herpe ending",

meaning that it will either leave or be kicked out of the EU and the disease of European Union will finally be over....

Fri, 05/08/2015 - 10:51 | 6072843 Father Lucifer
Father Lucifer's picture

How did a happy ending become a requirement. He should know if kept his promises that it would not end happy. Why the fuck does everyone think they're supposed to be and are entititled to be HAPPY? BULLSHIT the truth rarely make you happy.

Fri, 05/08/2015 - 11:35 | 6073017 Joebloinvestor
Joebloinvestor's picture

Expect Greece to promise anything and implement nothing.

Sat, 05/09/2015 - 04:34 | 6075315 Sauerkraut-Opinion
Sauerkraut-Opinion's picture

Same strategy as usual - signing a formular for the German and French account department to retard write-downs, to prolong the fiction of repayment to the voters and keep up fake statistics.

Greeks don't care anyway - but it'n not realy relevant in this negotiation. The paper is needed to facilitate new thefts - sorry - credits flowing the same day into the pockets of the financial mafia. 

Banks convert their bad loans (...and companies their Ponzi-deals...) in real money plus interests. German tax payers pay for their exports - the yields are adressed to international stock holders, bankers & management.   

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