This page has been archived and commenting is disabled.
Greece Postpones Meeting With Creditors, Denies ATM Tax
With the countdown to default now at just 10 days, Greece and its creditors are scrambling to come to some kind of agreement that will allow the country to repay the IMF on June 5. The payment is not possible without the disbursement of all or a portion of a €7.2 billion tranche of aid under Athens’ current bailout program.
On the heels of a vote which betrayed fractures within PM Alexis Tsipras’ ruling Syriza party, a Eurogroup meeting in Brussels scheduled for today has now been postponed, according to a Greek official who did not give a reason for the cancellation. Negotiations will reportedly take place over the phone later today once Athens has had time to conduct “preparatory discussions.”
- GREEK OFFICIALS TO MEET CREDITORS IN BRUSSELS TMRW: OFFICIAL
- GREECE, CREDITORS TO HOLD TELECONFERENCE TODAY: GOVT OFFICIAL
Meanwhile, there are rumors that the country will impose a levy on ATM withdrawals in an effort to encourage Greeks to use credit cards and thereby stem the deposit outflow that’s crippling the Greek banking sector. These reports were promptly denied by the Finance Ministry.
First there was this, via Bloomberg:
Greece considering to impose levy on bank transactions, such as cash withdrawals, Greek Finance Minister Yanis Varoufakis tells reporters in Athens.
And then this shortly thereafter:
- GREECE WON'T IMPOSE LEVY ON ATM TRANSACTIONS: FINANCE MINISTRY
There were suggestions earlier this month that Athens had floated a levy on certain bank transactions as a concession to creditors.
And meanwhile...
- FAILURE TO REACH GREEK DEAL MAY MEAN UNCERTAINTY: U.S. OFFICIAL
»
- 16560 reads
- Printer-friendly version
- Send to friend
- advertisements -
Nothing is ever confirmed until it is officially denied.
I'm just trying to envision what the incoming New Democracy/Golden Dawn government will look like.
Meet the new boss, same as the old boss.
They'll be all full of piss and vinegar until Zee Germans, Zee IMF and Zee ECB arrive in town. Then it's all "yes, sir, how can we be of service to you?"
Or until the Jackels arrive in town.
Interesting next few months.
I always wonder, when shit whole shitstorm burns to the ground, how long before CNN & MSNBC start using our quotes from the comments as justification for coming down on financial preppers such as ourselves with the Iron Fist of Stalin.
I know when this thing falls apart, I'll be super exciting, and be trolololololing as many people about it as I can as hard as I can.
HT, I don't think I'll be trolololing anyone, although it will be tempting. I just want to know why, if you can still go to an ATM or bank and make a few hundred (or thousand) euro withdrawals without penalty, why the fuck aren't more people doing it. How has this not sparked massive bank runs yet? They keep threatening to default, and when that happens, even small depositors can kiss that shit good by. All fiat currencies have , historically, gone to zero, and the euro will too. However, immediately after Greece defaults, CASH euro notes will go a LONG way, and yor electronic money that your bank statement says is in your account will be worthless because you'll never be able to get yor hands on it. Wake up, people.
I have two words for you.... MONETARY EXTORTION!
Why in the world would anyone give Greek citizens a credit card? How are you going to charge enough interest to cover that risk?
Upstanding Inner City Gainfully Unemployed American Citizens (documented, as well as "undocumented") get all sorts of free credit card offers just like everybody else.
So, at this point what difference does it make?
Time to go long nail guns.
Throw those pathetic Greeks out of Europe already.
Dont you get tired of typing the same old shit? I know I get tired reading it.
Because the overwhelming majority of the Greek public have ZERO money let alone having it in a bank account. THEY ARE BROKE, which part of that is so hard to understand.
SAME AS THE OLD ONE.
It's being going on like that since time immemorial.
Put a fork in it. It is over. EU banks are getting what they deserve along with the IMF!
Over? Did you say over? Nothing is over until WE decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!
Who's the fucking moe-ron that down-arrowed that famous quote!?
https://www.youtube.com/watch?v=ep-xgd_eETE
I'm guessing the moron who didn't even know it was a movie quote.
Just confirms the world's Corporate Govenements are Goverened by Children, Psychopaths & Sociopaths.
One of Tyler's handlers got an itchy finger.
;-D
Hey! What's this lyin' around shit!!!
Gone fishing
Gone drinking
There you have it. "Uncertainty" I should have known.
LMAO!!!
Heisenberg strikes again!
Greek cabinet on the CME payroll?
Driving the volumes fo sho.
Disselbloom calls the shot ... you really think the greek government decides?
he only chairs a mandatory, recurring meeting of finance ministers. as soon as he passes that job over to the next FinMin, I don't think you will hear much from him
right silly me thinks people like Disselbloom matter ... of couse not ... it is mr. market, whoever that is ...lol
disselbloom has been there for as long as i remember ,,,, for a reason i would say ... the guy is a piece of work
as long as you can remember? then you don't remember the previous FinMin of The Netherlands, Marius Job Cohen
according to Time magazine, "European Hero" of 2005. left politics after strong criticism. (markets? wasn't thinking about markets)
Cohen, while a very prominent political figure, never was FinMin.
http://en.wikipedia.org/wiki/Ministry_of_Finance_(Netherlands)
he was the predecessor of Jeroen as Dutch Labour Party Leader, but yes, memory has again failed me, he had the ministry for Justice, not Finance
the correct predecessor as FinMin would be Jan_Kees_de_Jager
anyway, my point was that not many remember who was before... as Dutch FinMin
chairing that EuroCratic council of financial ministers, on the other side, it's a different matter, and everybody nicks you "Mr. Euro"
All part of the nwo plan??
http://redefininggod.com/
did the greeks invent a new form of chess? looking more like, the new leadership is bought and paid for.
applying "Game Theory" ideas on political & financial negotiations does not look like chess to me. more like a variant of Russian Roulette
Bingo.
This seems like the Troika is telling the Greeks to kill themselves for the good the project. The Greeks are telling the Troika, no we won't kill ourselves. Either we kill you then ourselves, or we just kill ourselves, but we definitely won't kill ourselves.
Until the gun with the single bullet is turned the other way facing the creditors (default and exit) Greece will continue to be gang raped.
The krauts are printing again.. So much for that little lesson in the 20's. Good job krauts. Hand over your fucking bank to some seppo wop.
Look at the charts today. There isn't nearly enough uncertainty yet.
Uncertainty is bullish. Therefore, MOAR!
"FAILURE TO REACH GREEK DEAL MAY MEAN UNCERTAINTY: U.S. OFFICIAL"
Yes ladies & gentlemen, that bit of deep insight & intellectual thinking is right up there with:
"WE BELIEVE THESE TUNNELS WERE USED FOR SMUGGLING"
No kidding...lol.
"because there was a horrible harvest, people, funnily enough, are beginning to starve..!
Yeah. A fewyears ago I remember a guy from the World Food Program saying 'if there's a shortage of food people will go hungry'.
F*cking brilliant.
Oh who cares. The Marxists will complete their takeover of Europe and the whole debt problem will be forgiven.
Buy moar stocks.
yeap the old war between marxist and capitalist ... dream on
The world is a war between Marxists/Fascists -- who believe the government should control men's lives -- and The Free Man, who believe he should control his own life.
This will always be. Right now, much like Sheen, the government is winning.
Rule number 3, always pick up the phone.
Nothing says sell your gold like huge problems in a major currency and national defaults. If the euro explodes and the U.S. prints gild should using this logic go to zero.
You know something is true only when it's been officially denied.
It's difficult, indeed pointless, to produce a levy/tax on something that doesn't exist anymore - cash withdrawls.
What I don't understand is why Greece government keep on trying to service their debts by whatever means when it's clear that at some point they are going to default.......at least leave something to start again with OR do they know something that we don't, ie; €urope will continue to bail them out and not/never ever allow the market to 'acknowledge' a default?
The more I read about the "Troika" the more I want them to experience FIRST HAND what their "POLICIES" have created - Mario Draghi indicated that austerity complements QE - I hope he & his Troika henchmen must experience the Greek Healthcare system - RT reports - God bless the Greek people - may they experience restoration in their lifetime
http://rt.com/news/261905-greece-hospital-supplies-austerity/
Now would be an exelent time for a few perp walks. Or post the actual contracts in public for all to read. Make sure to post the thing in German,Spanish and English too.
...and make sure they're all hasbarbaras to boot...and in yiddish, too, eh? <smirk>
Oh yes include the names of everyone involved.