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Euro & Stocks Surge On Report Of German Compromise Over Greece Deal
After all the sound and fury from Schaeuble, we are now to believe he is ready to back down...
*GERMANY SAID TO CONSIDER SETTLING FOR ONE GREEK REFORM UP FRONT, OFFERING GREECE STAGGERED DEAL ON AID
Stocks and the Euro have resurged on the news. We await Germany's denial within the next 30 minutes (and the subsequent FBI investigation)
Chancellor Angela Merkel’s government may be satisfied with Greece committing to at least one economic reform sought by creditors to open the door to bailout funds, according to two people familiar with Germany’s position.
While the Germans still insist on a package of steps that includes higher taxes, state asset sales and less generous retirement benefits, they may settle for a clear commitment by the Greek government to a measure up front to unlock aid, said the people, who asked not to be identified discussing the government’s negotiating stance.
* * *
We wish Frau Merkel the best of luck getting this passed!
We wonder if the 2 sources are Tsipras and Varoufakis?
Bunds ain't buying it...
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Opa!!!
Moar of everything!!!
Spain and Italy called... Next!
** ALERT **
Watch out ZeroHedge commenters. The DOJ could come for you next.
http://motherboard.vice.com/read/the-government-wants-names-of-online-co...
Kicking the feather down the road takes longer. Fucking cans are just too fast these days.
If one were an insider and one were so inclined then one could make a pretty tidy sum over and over by simply front running these rumors regarding these Greek deals. Good thing our insiders are beyond reproach and would NEVER do such a thing. And even with the remote chance that they would stoop to such a lowly level then I rest sound knowing that the SEC would investigate and arrest them most quickly for it.
Where the fuck have you been? Front-running themselves is exactly what the primary dealer banks and Federal Reserve have been doing for 100+ years!!! Oh wait... I see what you did there... clever slave.
I didn't think Germans blinked...
If Germany did blink that speaks volumes about the ramifications to the German Banks not to mention EU banking system.
well, once Varoufakis and German FinMin Schaeuble were taken off the negotiating teams a deal seems closer
German FinMin Schaeuble German FinMin Schaeuble German FinMin SchaeubleWho sabotaged his wheelchair ?
There is that Rip your face off RUT slingshot rally...these guys are getting too predictable
Oh wait! This is a rumour right?
Where's the part that says Germany denies this crap?
Uh huh yep everything is fixed this time - we swear it is.
"may be satisfied with Greece committing to at least one economic reform sought by creditors"
Which one? <crickets>
The one about sending all their firstborn children into slavery? 47 virgins? Human sacrifice? Whatever it is, it must be a whopper.
Whichever one they'll refuse.
Less feta in a salad I bet
Human sacrifice of the Minister of Finances would be nice. some Greeks would add every member of government they ever had
come on, the key point is how much primary surplus. but some semblance of efficiency in tax gathering would be also of value
It's just so EXCITING not knowing, isn't it? I'm all tingly. I just can't wait to see what happens next.
Zzzzzzzzzzzz.
What difference does it make? They're broker than broke, no chance of recovery and no chance to grow the economy back to health unless they're cut loose.
The ECB and Germany trying to put this thing back together is embarassing to watch unfold. There are no permanent solutions, there are bandaids and a bit of make-up. The patient is dying regardless. Bleeding from every orfice.
Maybe Merkel has had a call from the guys who went into the DB offices yesterday and looking at all the bad crap that DB has on files. Maybe Merkel finally has seen the light and understands the Germany is fucked regardless. The ECB and the EUR are fucked regardless of what happens because...
DEUTSCHE BANK IS 100X LEHMAN
If they let Greece go then DB implodes and takes everything with it.
Extending and pretending and kicking the can further is not sustainable. It will however give them cover for a couple more months until September when the SHIT WILL HIT THE FAN no matter what anyone negotiates.
September is SHTF month this year because certain folks say so.
Nobody can escape their destiny.
Confidential reports of international credit houses report that Grexit would cause the international economy a trillion euros in losses.
Imagine that. A country with 10 million plebs can potentially cause such mayhem. That right there is all the proof we ever need to start working groups on the implementation of alternatives to the current financial systems. The alternatives should have been explored right around LEH happened and would have been implemented by now. But that's not "sexy" for the elite because their feet and hands would have been cut off. The syphoning off an entire nation's economy would have come to a full stop.
Instead here we are 7 years after LEH and the system is broker (as in more broken) than before with greater imbalances and no hope of a smoother or gentler transition to an alternative.
The dice have been rolled though. No escape now.
Someone better let Mr. Schauble know, he's whistling past the graveyard.
"Surplus", of what exactly? LOL!
"official" denials are ignored, only "rumored" deals matter to "markets"
someone knew that a rumored deal or actual deal was going to be announced after market closes yesterday.
look at the last 3 days...
complete bullshit....http://www.kitco.com/charts/livesilver.html
they r scared shitless of REAL Gold and Silver....
Greeks have them by the short hairs.
They're not going to be able to pay, for the win!
hurr durr
totally unexpected....not
of course. anything to move the ''markets'' upwards must be done.
aside from the fact that the ''market'' never sold off due to fears about greece, of course it has no problem ramping up like 2 percent on this bullshit.
as long as the fbi keeps investigating some loner in his moms basement for rigging trading and not the fucking fed that does it in plain sight day in and day out, its all good.
In the new reality, mark-it not hitting new ATH every week is considered the same as a sell-off
There will be a denial in about an hour or so. Then followed by another rumor. Then rinse repeat. Thats all they have left. Lie upon lie.
Greece front ran this jawboning and will now sell, using all profits to pay off the debt...
LOL!
can we get WWIII started in earnest already? getting real tired of the "everything is awesome/fixed" meme and my "lying eyes"...
LOP, the purge and cleanse are coming. Stay safe!
"the purge and cleanse are coming" ....
Spoken by many for many years...
you sir, are an optimist, good on you.
Whoppee do........
Two people said something but we don't know who....
Maybe the Germans are more worried about Deutsche Bank than Greece :o
BINGO
DB IS 100X LEHMAN
Beyond words. These are markets? What a farce.
If this is true, Schauble looks like a fuckin' pussy.
His hard ass stance is dead in the water.
I'm waiting for the denial.
Greece cannot be fixed...
This soap opera can't end fast enough. We'll give you "aid" so you can pay us back and then you have to have higher taxes, take away pentions, and sell the Acropolis. Sounds like a great deal to me.
Of course this is probably all bullshit but it won't matter to stocks in the least.
Well obviously more debt is the solution.
Sometimes you just have to lock your no-good junkie son out of the house before they straighten up on their own terms.
These Greek "leaders" are completely missing the market.
When China and Russia are building out their own development banks and transfer systems and the petroyuan is a growing reality, it means you don't have to keep drinking bear-piss American lagers every Saturday night.
Achtung baby! Try some DMT instead.
The world needs a new off-shore haven with better beaches, craggy islands for the yachting crowd, no NSA wiretaps and the courage to tell the BIS establishment to piss up a rope.
Even the Swiss will bring relics to your party.
Lazy fools.
Fufuxsake.
DavidC
Nice to be reminded that the ONE & ONLY BUGABOO in global economy and holding back from ATH was a single country with a (phony)GDP not much larger than an electronic toy manufacturer
Now that all clear signal has been rung for this one for the 98th time, party central rides again
The EU can't afford to let Greece exit. Period. Greece knows this. Period. The fed can't afford to raise interest rates. Period. Let's stop all of these bullshit headlines about anything in the former financial markets and go do something more gratifying.
Hmmm, just spoke with the ex wife. She's on the rag. Period. Wild horses playing on the radio. Sounds good.
The German's know that all hell will break loose in the derivative markets if Greece is forced to default and leave.Funny that Germany had debt forgiven to them to help them so they could recover after the war era but don't want to admit to hundreds of billions in corruption now.Is it still part of the nazi-era plan to convert to an economic-nazi domination plan designed as the ECB dictatorship?Who in their right mind would dump hundreds of billions of Euros into an agricultural/tourist economy with a small population?It's corruption at its' best that was designed by Goldman Sachs and they all got caught.
A round of Ouzo for everyone! It's on me.........Hehe!
This WILL blow up, one way or the other.
DavidC
Schaeuble got his orders from the G7. They need to keep the Greek's from default or the whole house of cards falls.
Best guess today (if it's real)...next up: major mkt blowoff top
it'll be fun to watch the official denial come out and the /es retrace a quarter point of this rip-your-face-off rally.
SPX up over 25 points at the moment. Getting set for a -50 point down day soon. Volitility baby! Today, they're putting the silicone lube on the slide. Can't wait for that first test ride. Who wants to go first? China? Germany? Japan? US? Spain? Italy? UK? Greece? Ukraine? What's that? Well sure....I guess you could ALL go at once. Nothing in the rules that say no.
I'm thinking of a different object that they're applying lube to ... the kind you might buy in one of those catalogs that come in a plain brown wrapper.
Revision the the slide rules. Ukrainian girls can slide for free.
EDIT: Informed that above rule change is sexist.
Rev2.0 To slide rules: DRUNK Ukrainian girls can slide for free.
Frau Merkel is playing plump and dump...
Let me get this straight. The S&P 500 is worth two percent more today because a bankrupt country (with a GDP equivalent to the state of Tennessee) might be able to borrow more money?
I'm glad someone understands it, 'cause I don't.
Does it surprise anyone how inept all of these finance/politicians are?
If it wasn't happening, I would not believe it.....
Germany got its marching orders from the US - in the end, to settle
Greece cannot be allowed to possibly realign with Russia.
NATO would be rendered defenseless,
and the US-led economic system would collapse,
or so it is claimed.
I switched on the radio to hear "The DOW is soaring, up 250 points at present".
What a fucking joke!
yokes on you, they're just egging you on. lol
This is inline with what I have been saying for months - Germany will fold - with a bit of face saving. It is their least bad option.
Greek deault would have cost them €2000 per person; the Euro would have become just an exchange rate mechanism; Greece would be in bed with Russia; Uncle Sam would be pissed off; contageon would take out the other PIGS; "Ever closer union" would be dead.
Having said all that, with the history of leaks and counter leaks I will believe it when I see it!
Time to ride your unicorn to the calorie free river of chocolate and enjoy a few months until the next default negotiations.
AHHHHHHHHHHH, my shorts are on fire.
It's a bilderberg market.
They may confirm the rumour and ramp it a bit more for the of it..... They seems to announce 'good' news multiple times nowadays and react with a ramp each time. Crooks!
The only way to win is to not play. (the markets.)
How about a nice game of chess?