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Tspiras Says "Don't Worry" About IMF Payment After Latest Failure To Clinch Deal
Following this evening's "private" meeting with Jean-Claude Juncker and Jeroem Dijsselbloem, Greek PM Alexis Tsipras once again admits that there is no deal. Both sides issued statements - The EU's was a 3 sentence boiler-plate; and Tsipras was a brief press conference on Greek TV. In the interests of clarity we provide the statements (and their actual translations from "we have nothing to say" to "this is what we are trying not to say.")
The European Commission:
*EU COMMISSION SAYS TALKS WITH TSIPRAS WERE CONSTRUCTIVE [no plates were thrown]
*EU COMMISSION: INTENSE WORK ON GREECE TO CONTINUE [we are no closer at all to a deal]
*EU COMMISSION SAYS PROGRESS MADE IN UNDERSTANDING POSITIONS [it is our way or no-way]
It was agreed they will meet again - [seriously!?]
Tspiras then explained:
*BRUSSELS TALKS WERE CORDIAL: TSIPRAS [we finished dinner before plates were thrown]
"DON'T WORRY," TSIPRAS SAYS ABOUT FRIDAY IMF PAYMENT [Please do not pull all your deposits from Greek banks, everything is fine]
"We are very close on an agreement on primary surpluses; that means that all the sides agreed to go further without the tough austerity measures of the past." [Rest assured fellow Greek politicians, we will magically achieve a primary surplus with lower tax receipts and no austerity]
"I think the realistic proposals on the table are the proposals of the Greek government" [sadly it seems the EU disagrees]
"Aid accord w/ euro area, IMF is “in sight”" [like a mirage in the desert?]
GREECE TO NEAR AGREEMENT WITH CREDITORS IN `NEXT DAYS': TSIPRAS [if only The EU would back down on VAT and Pensions provisions]
Tsipras “optimistic” European Commission intends to continue with a “realistic point of view” [when did hope become the international negotiating strategy]
And finally Jeroem added:
*DIJSSELBLOEM EXITS BRUSSELS TALKS, SAYS `MEETING WAS GOOD' [Only the cheap plates were thrown]
* * *
So to sum it all up - No Deal... no closer to a deal... and the same sticking points remain.
For those looking for any glimmer of hope - they claims to be close to an agreement on fiscal targets - Almost no progress over pension system - Small progress on VAT & taxes
EURUSD is drifting slowly lower - entirely unimpressed by this news... (if news is what it can be called)
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Maybe they change the clocks in Greece on Friday to give them more time to pay.
All Greek citizens should donate their savings to the government to pay the IMF.
So when does a default happen, and will a default look like a default?
This is dragging out longer than Cher's fair well tour....
"This is dragging out longer than Cher's fair well tour...."
Screw that, this is dragging on longer than the STONES so-called "farewell tour." They've been playing that card since Reagan's first term.
Throw those pathetic Greeks out of Europe already.
Dieselbum announced: All calenders will be seasonally adlusted to go back one month; it's now the 4th of May. At the end of the year 13 months of data will be utilised to calculate GDP.
There is always a Silver lining.
Those new Drachma notes should be arriving from Fortress Paper any day now.....
Well Keynesians would have you believe....
Moar debt is moar good, everything will not only be ok if everyone issues and buys moar and moar debt but that it is healthy for the system.
The problems are systemic. The fiat ponzi will die.
The good news: the check is in the mail.
The bad news: it's drawn against a Greek bank.
If Greece has the money, they send an electronic transfer to the IMF with an authorization number and an amount. If Greece does NOT have the money, they could still do the same thing. It's pretty easy to just type zeroes. Don't worry!
i can donate some toe jam for the imf.
I heard Malaysian Airlines got the contract to air freight in the new Drachma notes.....
There is a deal. Just one they are not talking about. That deal would be the one that is keeping ZATO from taking over Greece; So far.
Liberty is a demand. Tyranny is submission..
"Operation Greek Freedom?"
Wait 'till last minute to default. Nice. I'll buy some moar silver.
:)
*EU COMMISSION SAYS TALKS WITH TSIPRAS WERE CONSTRUCTIVE [no plates were thrown]
HA! WE'VE COME A LONG WAY! Greece rejects austerity in tense meeting with eurozone's bailout chief https://www.youtube.com/watch?v=hOucRMHI_tkI would check Greek social media and see how many barter exchanges are being set up.
they ask for 23% VAT tax on electricity bills and tsunamy of new taxes for the sheeple..... they are out of their fucking minds
Greeks don't pay neither taxes nor utility bills.
"Don't worry"
Kaitlyn Jenner getting an appen-dick-tomy next week.
ECB extended the limts of Greece's ELA program by 500 million Euros a day ago. Better hurry and withdraw while they still have some cash left. One billion Euros were withdrawn by depositors (er, withdrawers?) last week alone. Only a couple of weeks worth of cash left.
HAHAHAHA
Enjoy this it sums it all up.
http://www.izlesene.com/video/the-beach-boys-dont-worry-baby/5274833
Happy days.
How the hell did we let it become the mess it is today?
Bank and market holiday in Germany tomorrow
G7 circus over the weekend with massive protests against IMF, World Bank, ECB, FED, EU, DC, Wall Street and on and on.
Tsirpas is not worried, why should he be? His country owes billions. It's the banksters problem.
Is there any way that Greece could service their debt, even if they wanted to? Because if the answer to that question is no, then they are going to default at some point, it is simply inevitable. At this point in time, I'm thinking that pretty much everyone involved knows that Greece is going to eventually default, and they're just pulling every rabbit they can think of out of the hat to keep the charade going just a little bit longer.
How long will it take the Greeks to bite the bullet and realise that the day of reckoning has arrived. Third world status awaits them. Expectations need to be reset. Things can only get worse.