This page has been archived and commenting is disabled.
Greece Will Default On June 5 Without Deal, IMF Leaks
Another week came and went with no breakthrough in negotiations between Greece and its creditors. The IMF is now fed up and has reportedly refused to be a part of any new bailout program for Greece, after Athens drew down its SDR reserves to makes its latest payment to the Fund. That money will now need to be repaid and in a move that surely marks the new gold standard for absurd circular funding schemes, Greece will likely look to use the next tranche of IMF money to payback its IMF SDR reserve which it tapped to pay the IMF. The country’s public sector employees live in limbo, not knowing from one week to the next whether they will be paid and commuters are now subjected to a 50 second looped highlight reel of the Nazi occupation meant to rally the country behind the government’s quarter trillion euro war reparations claim (they might as well just ask for a 'gagillion') on Germany which has now become the symbol of tyranny and debt servitude for many Greek citizens.
Given the situation, one would be inclined to think that Alexis Tsipras would be falling all over himself to cut a deal with creditors because while giving up on campaign promises to voters isn’t ideal, it’s better than going down in history as the PM who sent the country careening into a drachma death spiral, and besides, giving up on campaign promises is something most politicians do all the time (it’s a job requirement for the US presidency). Alas we were back to the now ubiquitous ‘red line’ rhetoric on Friday as Tsipras continued to employ the “tell EU officials one thing behind close doors and tell the public the exact opposite a day later” negotiating technique. Here’s more from Bloomberg:
Greece won’t cross its red lines in negotiations with international creditors just because time is pressing to close a deal, Prime Minister Alexis Tsipras said.
“Those who think that our red lines will fade as time goes on would do well to forget it,” Tsipras said at a conference in Athens late Friday. “I want to assure the Greek people that there’s no way the government will back down on the issue of pension and wage cuts,” he said. “A deal must be reached but it must be mutually beneficial.”
Europe is once again set to take the stalled negotiations down to the wire as it now appears the next serious round of talks will come in Riga (the site of an epic Varoufakis meltdown that saw the FinMin tweeting out melodramatic FDR quotes after he was forced to have dinner by himself while his EU counterparts attended a gala) when Tsipras will try to close a deal by the end of the month.
Tsipras will address the standoff in bailout negotiations on the sidelines of a meeting of European Union leaders to be held May 21-22 in Riga, Latvia, according to a Greek government official who asked not to be identified as the diplomacy is not public.
If a deal isn’t struck by the end of May, it is truly game over. Here’s the ECB’s Yves Mersch:
“We are in an end game in Greece where the situation is grave. This situation is not tenable. There has been an accord between Europe and Greece to go through a program. This hasn’t been the case since December last year, because the new government said it doesn’t want to have anything to do with the program. But then they can’t demand money that was attached to that program either. In the meantime, they haven’t managed to bring other measures to the table that could lead to the same goal as foreseen in the first program. Greece is convinced it can play along the line of other rules than” the other 18 euro-area members.”
Despite the obviously dire circumstances, the Syriza government still insists it will somehow scrape together cash to meet its obligations...
“Greece Will Pay Wages, Pensions, Varoufakis Tells Skai TV”
...while EU officials (who one imagines are at this point completely amazed at how obtuse the Greek government has proven to be) are left with no option but to remind Greece that Brussels is still waiting on a list of reforms…
“Dombrovskis Reminds Greece to Submit Reform List, Bild Reports”
….and at the end of the day, here is the reality (via Bloomberg)…
"Greece won’t be able to make IMF repayments, beginning with a June 5 payment, unless an agreement is reached with international partners, U.K.’s Channel 4 reports, citing a leaked IMF memo dated May 14."
* * *
As a reminder, here is the IMF procedure for a default and a matrix which outlines what a missed IMF payment would mean in terms of accelerated payment rights for Greece's other creditors:
»
- 74004 reads
- Printer-friendly version
- Send to friend
- advertisements -
<- Heard it all before.
<- But it's different this time.
Seriously. I'll believe it when I see it.
Greece prepare yourself to recieve democracy!
Upon payment the creditors will ask, "Where did you get the money?"
So one of two things happens;
1) The world shrugs its shoulders, and its back to normal
2) CDS start getting called, and the world as we known it is over. It will be one of the pivotal points in our lifetime.
Yeah... But which ever it will be..
Just get it fucking over with already!
SHEEESH!
Repeat post: The Hellenic kingdom was ruled by the Glucksburg family since 1832 and until 1973. Germany should annex Greece and install a German king again. Case solved.
http://en.wikipedia.org/wiki/List_of_kings_of_Greece
Wallace shouted back. "Fight and you may die. Run and you will live at least awhile. And dying in your bed many years from now, would you be willing to trade all the days from this day to that for one chance, just one chance, to come back here as young men and tell our enemies that they may take our Drachmas but they will never take our freedom!"
You may have to replace Wallace with Yannis and drachmas with euros
I hope the International Motherfuckers Fund blows up, it's offices collapse into their own footprints and all it's agents see the light of truth.
Orange Laggard can/should spontaneously combust.
Death and destruction make me un-happy, but I recall well Arjun's lesson from the Geeta.
There are good fights and bad fights.
The fight against the IMF and other "World" and "International" bodies need to die...
Imagine, this was Greece in February 2012, already people begging and fighting for food...
https://aadivaahan.wordpress.com/2012/02/23/greece-and-the-lesson-of-aus...
Bastards...
Throw those pathetic Greeks out of Europe already.
Do you ever post anything except this same comment over and over?
Ok, can kicked til June 5 and then what.....
If can kicking was an olympic sport.....
Judging by the spike in the EUD/USD the past week I'd have to say all the Chicken Little rhetoric about Greece is bullshit. The problem has been solved. The solution has not yet been published.
Kick that can baby!
@ MeatTrapper
I learned this and much more from Marcus Porcius Cato the Elder.
Or to use another film reference (and more appropriate):
https://www.youtube.com/watch?v=zvILGIIVsMU
https://en.wikipedia.org/wiki/List_of_kings_of_Greece
The House of Wittelsbach held the Greek Crown between 1832 and 1862, when it passed to the House of Glücksburg.
A republic was established and the monarchy was abolished following a public referendum in 1973, held by the then-ruling military regime. The abolition of the monarchy was re-confirmed in a referendum in 1974, after the restoration of democratic rule. The monarchy was also abolished during the Second Hellenic Republic (1924–1935).
https://en.wikipedia.org/wiki/House_of_Wittelsbach
The Wittelsbach family is a European royal family and a German dynasty from Bavaria.
https://en.wikipedia.org/wiki/House_of_Gl%C3%BCcksburg
The House of Glücksburg (shortened version of the House of Schleswig-Holstein-Sonderburg-Glücksburg; Danish: Slesvig-Holsten-Sønderborg-Lyksborg, also spelled -Glücksborg), is a German ducal house.
Junior branches of the House include the royal houses of Denmark, Norway, and Greece. The Prince of Wales, who is the heir apparent to the thrones of the United Kingdom and the other Commonwealth realms,[1][2] belongs officially to the House of Windsor,[3] but also belongs to a cadet branch of the House of Schleswig-Holstein-Sonderburg-Glücksburg.
...
The important part 1924 - 1935, remember context this after WWI ended and Allies were sticking it to Germany afterwards.
http://www.economicexpert.com/a/1922:in:Greece.htm
Makes sense why the German's are being a bunch of hardasses concerning Greece leaving the EU now. /sarc
The royal families never gave up power they just hide behind the EU instead using unelected bureaucrats instead.
Prince Charles of Wales (next in line for the crown in England and part of Glucksburg family).
https://en.wikipedia.org/wiki/Ancestry_Charts_of_the_Current_British_Roy...
This one is important because it ties Greece/England and the US together here.
https://en.wikipedia.org/wiki/Ancestry_charts_of_the_current_British_Roy...
They all are have common descendants Prince Charles (next in line to be King in Great Britain) and in turn the house of Glucksburg and the majority of US Presidents including the current sitting President Barack Obama who is descendant of King Edward I and most prior US Presidents.
http://pdf.amazingdiscoveries.org/References/RtR/Lec4/Lec4-List_of_US_Pr...
They are all descendants of Alfred the Great.
Get the picture yet people. The monarchs and royalty never gave up power, just reorganized in a more covert manner.
It's a big club and you ain't in it.
The parent house to all them.
https://en.wikipedia.org/wiki/House_of_Oldenburg
...
The House of Oldenburg is a European royal house of North German origin. It is one of Europe's most influential Royal Houses with branches that rule or have ruled in Denmark, Greece, Norway, Russia, Sweden, Schleswig, Holstein, and Oldenburg. The current Queen of Denmark, the King of Norway and the ex-King of Greece as well as consorts of Greece and the United Kingdom belong to this House.
It rose to prominence when Count Christian I of Oldenburg was elected King of Denmark in 1448, Norway in 1450 and Sweden in 1457. The house has occupied the Danish throne ever since.
...
I reiterate it is a big club and you ain't in it. One can only hope some rogue intelligence community operative releases some video and audio on one of their private meetings. I'm sure they are recorded by them like FBI used to record Mafia family meetings.
So now we know who they are
Now what
fuck me i'm back to vodka, world was shit/is shit/is going to be shit
Vashe zdoróvje
Expose them for what they really are for starters and how they are still pulling the strings behind the curtains.
start with this guy. The FBI pioneered how to take down whole ruling families with the US Italian mafia. The people are not going to rise up unless they become aware who is really pulling the strings behind the bureaucrats.
start with this guy.
https://en.wikipedia.org/wiki/Christoph,_Prince_of_Schleswig-Holstein
Christoph, Prince of Schleswig-Holstein[1][2] (born 22 August 1949)[1][2] has been the head of the House of Schleswig-Holstein-Sonderburg-Glücksburg and the entire House of Oldenburg since 1980.[3] As a member of highest German nobility, he is the current titular Duke of Schleswig-Holstein and Duke of Glücksburg, traditionally styled as His Highness.
...
Christoph is heir by masculine primogeniture to the Danish title Duke of Glucksburg conferred by the Danish crown in 1825.[3] Christoph is also, cognatically, a descendant of Queen Victoria and Alexander II of Russia, and is in the line of succession to the British throne.
...
He is also one of few living descendants of the last ruling line of Czars in Russia prior to the Russian Revolution in 1918. So that ties Russia into all this now through this guy here.
Funny stuff guys...
You think the old royal families are still in charge, and this is resposible for Europe's problems.
The truth is that the old royal families are not in charge, and that is responsible for Europe's problems.
Greece is an almost cartoonish example of the failure of democracy. As people realize that they can vote themselves the wealth of their fellow "citizens," demorcacy inevitably marches toward socialism, which must eventually collapse on itself. It's painfully obvious that the Greek people are too stupid and/or shortsighted and/or selfish to elect a party advocating the kind of reform that needs to be done to save Greece.There is no solution within the democratic system.
The best possible outcome in Greece would be a restoration of the monarchy.
Second best would be a military dictatorship.
Here's hoping..
They keep repeating act one of this passion play assuming the script will be rewritten, but nobody wants to commit. Greece is going down no matter what and how and when is the only question...
Yes, get it over with already! I expect to see this headline next year, along with "unrest in the Middle East" and "Congress vows to pass legislation to reign in Wall Street".
They cannot allow for the chance for Number 2 to manifest...
...unless they've intentionally PLANNED to end the world as it is known.
But back to Bread and Circuses...
Evander Holyfield defeats Mitt Romney in a Boxing Match.
(Sad to say but this is what Politics has devolved into...ENTERTAINMENT and DISTRACTION... http://news.yahoo.com/sting-butterfly-holyfield-jabs-romney-charity-074825946--politics.html )
Presidential candidates kissing ugly babies to garner support from fat widows has always been entertaining.
Haus: You are incorrect. Greece defaulting , CDS being called, will not be a 'world changing event'. Greece is too small.
The real quandry is that if Greece defaults, Italy, Spain will be wanting 'new deals'; that is where the problem lies.
The problem is no one knows primary, much less secondary CDS exposure across the Eurozone.
Lehman Bros is 1/6th the size of a blanket Greek default.
"The problem is no one knows primary, much less secondary CDS exposure across the Eurozone.
Lehman Bros is 1/6th the size of a blanket Greek default. "
There is no transparency in the CDS market because the ISDA and Banking Cartels want none.
Not merely in the EU but world-wide...
They TBTF will fight public accounting of the derivatives outstanding tooth and nail so as to not have to place the Derivatives Risk on their balance sheets.
Bringing the deriviatives onto the balance sheets would instantly expose the absolutely obscene levels of heretofor hidden leverage the Banks actually maintain at present.
Prudent regulators ( LOLZ!! ) would have little choice but to demand immediate capital infusions, netting liquidations agreements, massive de-leveragings, steep margin/escrow requirements, and immediate closures of the most ridiculously over exposed institutions...
This is an era of rampant blatant conivance and fraud where the preservation of finance interests trumps public interests, regulations, clearly defined contracts, and black letter laws.
The ISDA has to rule on a credit event. Should it decline the event, though wholly obvious and unavoidable, may be a null issue.
IF suck a credit event is acknowleged it would vaporize some/many/all(??) of the members of the ISDA.
I'm not sure if the ISDA will vote to certify a formal credit event under any circumstances IF such an event results in the complete destruction of their own constituent member institutions and unravelling of the basis of the existing global trade system...
Yeah yeah yeah...the umpteenth ploy to lure in all the short sellers, only to magically pull yet another bailout-rabbit out of the ECB hat.
As the title states: it's probably one of those "controlled leaks" in order to force more concessions from Zee Zjermans.
As I suggested a few weeks ago....this Greek drama will go on until Russia or China step in...
Today, we have our first hint of the same.....https://twitter.com/search?q=yianis%20skai&src=typd
Mr. Panos does not like Germans and not crazy about Chinese. He hates the Rockefellers and Bushes too.
https://www.youtube.com/watch?v=Mf5mjP_Kzcw
+1 and touche!
Walk like an Icelander.
Call the cops and lock up the bankers, or just nailgun them.
Consider this a double dog dare.
Tell the IMF to shove the number 7 up their ass.
Walk like an Icelander? Is that a new Bangles song?
Democracy for Syria
http://rt.com/usa/259253-us-syria-raid-isis/
Greece will not fall......er.....default if the 300 (largest creditors) have anything to say about it.
I don't think that turnip has a single drop of blood left in it.
long parsnips..
Let's see, Tyler: first it was march, then april, then may, now june...Are you seeing the pattern? The reality of a Greek "default" doesn't exist--why keep up the charade that this somehow represents anything besides complete horseshit??
If you like your mouse clicks you can keep your mouse clicks
/s
HI CD!
Greece, land of 1,400 islands and 1,401 deadlines. Slowest death scene in cinema history.
lol, all this subject deserves anymoar...
still lol'g...
Greek drama, just wait and watch
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com
It's easy until you have to make the Dr.appointment for boogie fever.
Greece needs you!
There is a way to combat this.
Everybody sign up and pay with their Credit Card.
Then report your card stolen and dispute the charge.
The chargeback fees will bankrupt them.
How much cum do you have to swallow for $9500?
Just click the link and make Tyler happy, but if you must you can swallow, to.
june 5th, the new D Day...................
That Crete-Repo idea is looking better & better....all the time. This is what happens to western civilization when it gets emasculated...the Greeks should known. Before their epic ancient collapse, they panited the Parthenon with pastels.
time to short the world.
It's comical how many times we have heard that before. And I bet both of my nuts and my pulsating pecker that "it" will never ever never be called a default.
The drachma is the best thing for Greece-not so much tho for Brussels.
This ongoing story reminds me of the Francisco Franco death watch.
A Greek default appears to be as likely as peace in the middle east. Never ending bullshit.
Last one out turn off the glowy luminous lights inside the Parthenon.
For >>> The IMF is now fed up and has reportedly refused to
read American banksters have decided not to ...
To those who say that Greece is trapped in the Eurozone and Euros will remain the only legal tender allowed, the answer is -
Money does not have to be legal tender to be widely used. For example there is no problem using US dollars in Bahamas (or British pounds and Euros in Gibraltar) so there will be no problem Greek government paying civil service, soldiers and pensions in Rubles or Yuan after default to the IMF.
After, not before.
The IMF is a debt cartel.
The SDRS are backed by currencies and Gold.
The SDRs can be rehypothecated/pawned at interest.
The US, Japan, China, and Germany are the largest creditors at the IMF. In 2014 the US alone was designated as assignee for more than half of all IMF SDR rehypothecation/loans.
Greece funded it's SDR allocation primarily in Gold, most of which is still held at the IMF as backing for the Greek SDR allotment.
Greece did NOT borrow money from the IMF last week to pay back an IMF loan: Greece rehypothecated/pawned a portion of it's SDR allotment or emergency funds beyond the national allotment to an IMF assignee, almost certainly one of the four listed above which constitute the members who make the vast majority of such loans against the SDR allotments, and took used the money from that rehypothecation/pawn to make a payment to tht IMF on their outstanding loans.
http://www.imf.org/external/np/fin/tad/exfin2.aspx?memberKey1=360&date1k...
They have the ability to print money in Greece, they should just print the money. For those that say that's illegal, time to be like Homer "That's for the court's to decide."
I am so sick of this never ending story. Just default, Grexit, and get it over with.
I keep saying that about the Fed, but it's starting too get good now, the failed Fed experiment is almost OVER!
WTF??? Who died and gave the IMF any intelligence?
I'll take a wild guess and basically say that NOBODY (except for a tiny few money counterfeitting jews sprinkled here & there, who printed themselves up a wad of joobux to collect interest payments on until everyone else finally woke up & said 'WTFF') give a FF about this anymore.
IMF leaks? Right.
If such news is really serious and true, why even leak it?
Another whistleblower? Or whistleblower unknown?
So if it's a leaked news, then it must be 100% real?
I am still willing to bet a house that there will be NO GREXIT ever.
agreed.
"I am still willing to bet a house that there will be NO GREXIT ever."
I'm willing to bet a house that the 5th crow form the left will be the first one to flly off the fence
http://darkroom.baltimoresun.com/wp-content/uploads/2012/12/AFP_Getty-51...
Greece did get this Deals allways since 5 years. So it makes no sense to give them not the deal.
Greece has 2000 years of history with its own currency. The EU is just an experiment for unelected gov't control. Greece will be bailed out by the EU under Greek terms or the EU is dead. The EU is holding 4 aces but Greece has a royal flush.
One country, two currencies.
Three if you count gold, and I do.
No matter what currency, Greece is a prime holliday destination, and after te pain, joy sweet joy like in the tales of old.
How much is Greece gdp compared to Euro-p again.
4 aces plus a royal flush = 5 aces.
I think they need a new deck and a new dealer.
"Just say no." -- Nancy Reagan.
"I'd rather not." -- Bartleby The Scrivner / Melville
“If you saw Atlas, the giant who holds the world on his shoulders, if you saw that he stood, blood running down his chest, his knees buckling, his arms trembling but still trying to hold the world aloft with the last of his strength, and the greater his effort the heavier the world bore down upon his shoulders - What would you tell him?"
I…don't know. What…could he do? What would you tell him?"
To shrug.” -- Ayn Rand
If the news is real, then we can be assured of many "damage control" statement from the IMF on how untrue such news is.
If the IMF remain silent or neutral on this leak, then it must be false.
Why am I still so confident that there will be NO GREXIT ever?
It's because:
1. I've seen such political PR drama since 2011 when Germany flip-flopping on rescuing the PIIGS, and in the end still agree to rescue.
2. I have the BIS, IMF, ECB and the Rothschilds behind me in this and if I lose a house, they will lose trillions. Do you think they will let it go? I bet not.
If a person still thinks with all the political conflict ongoing since 2010 about the EU is real, then I believe this person must be:
1. Brain-dead.
2. Have ZERO critical thinking skill.
3. Cannot reason in retrospect.
4. One of the bottom 99% ignorant sheep.
I see it all as a manufactured crisis intended to create a mandate for fiscal integration in the EU.
Pure Hegel.
Don't forget the pissing contest with Russia.
Like said:
GREECE – WE CAN DO THE MATH NOW, GREEK DEFAULT BY EARLY JUNE/LATE JULY! http://forum.prisonplanet.com/index.php?topic=210616.msg1513335#msg1513335
I heard Greece might default. Do you think there may be any truth to it.
That's a joke, right?
My guess is that the reparations are not a serious attempt at acquiring funds, but a propaganda campaign to convince the greeks to leave the euro. Perhaps the leadership thinks it best to leave, but can't do so without turning the people against the eu.
i dont think the people will ever turn against the EU.
Maybe not. I just don't see any other reason to show those videos.
there are no widespread videos, thats just ZH fabrification and propaganda. I am in athens now and never seen any of these videos or any anti german language by anyone ... i think people seem to know a bit more than to blame germans on what is going on, they see them as tourist with money which is important in a small business oriented economy.
look at ZH editorial language: "IMF feed up with Greece", "Germany throws up on Greece proposal", "Greece manages to sneak in within the deadline his latest proposals" and so on.
for a random blog one could blame it on ignorance, but ZH common ... surely they must know better. I dont think is the same people who started this site, definitely has been taken over.
are you sure your not the son of britain's 'neville chamberlain...?
germans have suffered like everyone.
and, there are`fifty-ways-to-leave-your-lover'... before it comes down to, 'murder-4-hire'?
Shit is just getting real boring. They could at least do another False Flag to entertain us more!
Long running drama series. And of course a "last minute" deal will be struck because the euroweenies in brussels can't allow a crack in the dyke. It will end badly for the plebes but I'm sure the elites think they are insulated. Until the plebes start shooting them in the street
That's the news we're all waiting for!
Love is better the second time around; loans get better every new time around. The best things in life are free...even money, apparently.
This is like a Greek theater. Act 5 scene 1.
Who believes it anymore?
it's like deja vu all over again yogi.
"Greece Will Default On June 5 Without Deal, IMF Leaks"
Oh don't tease me like that, IMF. I'm getting goosebumps!
Just do it. I can't take it anymore!
Well that just means that there will be a deal by the end of May.
or even April..
Issue a rumor.
Get everyone to short Greek debt and then a stick-save and steal all that money.
Seems like a Goldman Sachs ploy.
Fuck Me! They've been defaulting for years. Now all of a sudden we know the date? Bullshit...
Another non-event news story. Greece will not default once again, they will be bailed out just like they always have been in the past.
unleash the Schaeuble....................
Show me the Drachma!
and I was so loojing forward to another season of "Greece's EU Vacation"
Of course Greece is going to default. And hopefully when Greece defaults she will take the Anglo banking system down with herself. We shall pray for it.
Why is it so hard to think that the Greeks cannot 'create' electronic Euros out of 'thin air'? Does anyone really think that there is a Social Security Trust Fund with money sitting there to pay out those benefit checks? Do you really trust the US government financial numbers on tax collections and spending? Or for that matter - US corporations or TBTF banks?
There are NO CONTROLS that cannot be bypassed in today's electronic money world. The Greeks can claim anything they want for tax collections, then use that to say to the ECB 'here is your loan payment", then use the same tax collections to say "here is your IMF loan payment", then say to the Greek people "here are your welfare and pension checks".
Heaven knows the US has been doing this for the last 40+ years. When we went off the gold standard the fear was creating too much unbacked paper fiat. In reality, we have opened the door to creating unlimited unbacked electronic fiat because you cannot pull up to a central bank and trade your electronic zeroes and ones for gold or anything else that is real!
Agree with all you say but the last.
You can exchange your Eleczeones for----if you have enough of them ------for Oreos, Chinese sponge cakes, Porsches, Suburbans, Ski trips to Portillo, and anything you see at Barney's, Tiffany's, and auctions anywhere for anything in the world.
250,000,000 European slaves under control and being told how to live their lives by 12 self appointed Welfare Socialist numpties, Hitler would be mad as hell if he could see how easy it's been.
Gramma Y will save it.
I can totally accept June 5TH as the date -
Now I just need to know what year
2020 or 2050 or 2100?
'Putin... greeces the skids into the Aegean Med`pool, causing a big Zbig splash!
Vlad the 'soft and velvet hammer... `the 'who's who[?]! B[u$]y default, this mediterranean's knewest imported life`guard,... gives a special thankyou to the polluted`rhines-mouth, via Ah`Merckelin`i !?!
The IMF that cried wolf
This postponing and postponing has me tired of hearing about Hellas. Given my bias toward Classical Antiquity, that's quite an achievement.
The Wooden Wall will save them.
...fifty shades of 'white lies', doesn't make a?
greeks have revealed themselves to be vomit-inducing hyper-revolting vermin scum - I would vote to destroy them in all ways possible
Fuck Greece, when is Baltimore going to default?
I don't know what I am more tired of, Hillary the Zionist tool and 2016 instrument of diversion, or this Greek soap opera.
Liberty is a demand. Tyranny is submission.
Like a soap opera, someone is screwing and someone else is going to get screwed.
They say June 5 but failed to mention a year. This could go on forever....
in a weigh[?], i wish you could-be/were right. this... a dynamic geography bordering the sofia of bulgaria, will surely ruffle the 'turkeys'feathers?!?
http://theconversation.com/russias-borders-old-ties-pull-buklgaria-in-two-directions-33288
if it's a leak they got, they should just apply for some plumbing permits. worked for wal-mart.
I'm not impressed with Tsiparas or YV. Both have handed over a lot of money just to slowly default when they could have defaulted day one and went back to a drachma. Is going to a drachma a good choice? Yes considering Greece is a slave state to the EU and have looted their pensions and reserves to pay back their master.
The Greek should tell them, "I'll give you our answer now. Our offer is nothing. We will sit here on a white sand beach and watch as your derivative explosion takes out you fatheaded European bankers. When Putin shows up with a trunk full of cash we'll discuss his new vacation island, the new naval base and all that pipeline money we'll share. We'll get toasted and roast a pig to celebrate the New Deal.
We're out."
If they did this the Euro PTB would give them 90 days to think it over some moar. They can't let them go.
trapped
Putin with a trunk full of cash? LOL! That's rich. They gave up on Cuba after all those years and now they're going to pick up with Greece?
Greece is far more strategically important ,
[about the unrest in Cuba]
Michael Corleone: I saw a strange thing today. Some rebels were being arrested. One of them pulled the pin on a grenade. He took himself and the captain of the command with him. Now, soldiers are paid to fight; the rebels aren't.
Hyman Roth: What does that tell you?
Michael Corleone: They could win.
[Geary is demanding a large bribe for a gaming license]
Senator Pat Geary: I want your answer and the money by noon tomorrow. And one more thing. Don't you contact me again, ever. From now on, you deal with Turnbull.
Michael Corleone: Senator? You can have my answer now, if you like. My final offer is this: nothing. Not even the fee for the gaming license, which I would appreciate if you would put up personally.
Share it, Brother Conax! Indeed, this is the saga of Ransom of Red Chief! Who's got who by the short and curlies, ECB?
Maybe Greece is in a holding pattern until "they" can align everything to fall apart at once.
kinda like getting all their dead ducks in a row?
Wake me when the shooting starts.
Fuck you IMF, let her rip
They said Greece was BK 5 years ago.
Guess it is running out of inertia.
No ...not going to happen.. We know the script too well now..
you would have to be an olympic-class idiot to WANT to be in ANY kind of union with hyper-corrupt thieving parasitic vermin scum like the greeks
I thought you were talking about the EU.
If you read what is being said, he is.
If the Greeks are the scum, then the EU are idiots. Many of us might reverse the order, but in those immortal words, what does it matter?
A generation of Greeks will suffer under a default, but its good medicine for the long term. The road they've been on for the last 40 years was always unsustainable. But it sometimes takes a painful metamorphosis to create a paradigm change of attitudes leading to a healthy long term existence for all.
Yes
It would best for the Greeks to be shut out of the credit market, so they'd be forced to cut spending.
However, mark my words, the same people bitching about Greece being a "debt slave" of the EU right now and cheering on a default will be bitching even louder when they realize that default means the end of the gravy train. And, this is precisely why the new Bolshevik government in Athens is dragging its feet on default, tring to milk the inept lenders for as much as possible. Theirs will be the first head to drop if/when default happens and the Greek free shit army is forced to come to terms with reality.
more bluffing. there are too many people with too much to lose in the eurozone to let greece fold. the silver lining will be a another spike in pms and printapalooza gets a big green go light to race to fiat utopia. btfath!
Am I alone in complete and utter disgust with the Greece saga? How many times can the EU Bankers be told Greece is broke and can not pay for the loans they took out to the tune of well over 300 billion Euroes. What can not be paid, will not be paid. Fuck! What does Brussels want? To avoid German and French banks from booking the losses from Greek default. Oh sure, they know Greece can't pay. But all they care about is extend and pretend, just pretend and prevent the losses being booked. It's all fake. Since Greece can't pay, it can still be stip mined of every asset and pension and savings account. So yes, Brussels want to strip mine the fuckers, take it all, and pretend the EU banks are not insolvent.
Greeks are nuts to allow this to continue. They have no ability to pay, thus they are bankrupt. Declare BK while you still have a shirt on your back, before the elites of Europe take it off you.
In past times, wars were fought for far less than what is being done to Greece. But wait! It gets worse. The recent IMF demands on Ukraine are so strict that the finance minister of Ukraine says it would make 40% of Ukrainians HOMELESS if instituted!
The world has gone mad. We gave Zionists power over us all, and look what they have done. Zionist Bankers, Zionist War Mongers, and Zionist Washington DC. Either shake off the Zion Masters or we are all fucked!
40 percent of Kiev Ukies homeless sounds like a good start. That will teach them to go shooting down airliners and blame it on Putin.
The Beasts of the Apocalypse (1959) - Internet ArchiveI like to see Greek default and the next day, Russia and China swoop in and announce new bases in the Greek islands and Greece joining the BRICS.
Is that the solution to Greece's problems?
Look for a new sugar daddy to bail them out?
How about, I dunno, getting a fucking job.
According to those who have been close to the Greece financial woes, it was part of Goldman Sach's plan to rob the Greeks when it helped bring Greece into the EU with fabricated economic and financial data, which would in effect decimate the country's ability to independently set its own economic course, and pave the way for perpetual meddling by the central banking cabal.
Asking the Greeks to get a job is like asking the US government to start reducing its colossal budget deficits and pay off its debts. If the Greeks want to get a job, their first job should be to get rid of the IMF and western influences.
EUR was very strong on Friday. Interesting to see it get slammed to start the week.
I like to see it slammed from now until the 3rd of June when I go to the corner ATM to withdraw my SS.
Parity by June.