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Merkel "Won't Be Blackmailed By Greece", Demands Deal Before Market Open On Monday

Tyler Durden's picture




 

The Eurogroup meeting between EU finance ministers has broken up for the day and will reconvene on Saturday according to reports.

As noted earlier, Greece is now refusing to agree to the IMF's hardline stance on pension cuts and the VAT, while the IMF isn't interested in a deal that sees Athens escaping long-term fiscal reform by resorting to short-term, unenforceable solutions such as tax hikes. 

As EU leaders convene for a two-day summit in Brussels (where it will be all Greece, all day, despite what anyone says), German Chancellor Angela Merkel now looks to be leaning towards drawing a line in the sand consistent with her finance minister, her lawmakers, and her central bank chief. 

  • GERMANY'S MERKEL TOLD EU PARTY LEADERS THERE MUST BE DEAL ON GREECE BEFORE MARKETS OPEN ON MONDAY -PARTICIPANTS   
  • MERKEL ALSO TOLD CONSERVATIVE EPP LEADERS "WE WON'T BE BLACKMAILED" BY GREECE -PARTICIPANTS   

This marks a critical turn of events. Until now, Merkel had been relucant to fold under pressure from Wolfgang Schaeuble as the Chancellor viewed the geopolitical risks of Grexit as too great given the situation in Ukraine and recent friction between Europe and Russia including the extension of economic sanctions, an anti-trust suit against Gazprom, and the seizure of Russian state assets in France, Belgium, and Austria. 

Now, it appears Merkel's patience has run out, and understandably so given not only the fact that sending a strong message to Greece is critical if Berlin hopes to avoid being drug into similar negotiations with Spain, Portugal, and/or Italy in the future, but also because, as we've explained at length, each ELA cap hike from the ECB effectively adds another billion euros or more to Germany's TARGET2 credit. 

As a reminder, here's more on the battle Merkel faces at home (via Speigel):

Schäuble is extremely good at shrugging off conflict with gallows humor -- a gift that has served him well throughout his lengthy career. He is well aware that a handful of Social Democrats aren't the only ones talking about the widening rift in the government. Insiders who know Merkel well are saying the same. The chancellor has to answer one of the hardest questions she's had to face since assuming office, namely, should Greece be allowed to remain in the euro, or should the whole drama be brought to a spectacular close with a Grexit.

 

Merkel would like Greece to remain in the euro. Not necessarily at any cost, but she's prepared to pay a high price. Schäuble is not. He is of the opinion that a Greek withdrawal from the euro zone is in Europe's best interests..

 

Schäuble is something of an éminence grise in the German government: He became a member of parliament in 1972, when Merkel was preparing to graduate from high school in Templin. In 1998, as head of the CDU/CSU parliamentary group in the Bundestag, he made Merkel his secretary general, but then became enmeshed in the CDU donations scandal. Merkel succeeded him in 2000.

 

Although she's the one in charge, he intermittently makes it clear that he remains his own man; that he doesn't kowtow to anyone. Appointed finance minister in 2009, Schäuble remarked that Merkel likes to surround herself with people who were uncomplicated, but that he himself was not uncomplicated. He tends to be a little derisory about Merkel, admiring her hunger for power but deeming her too hesitant when the chips are down.

 


 

The euro crisis first drove a wedge between them in 2010, when they disagreed on the International Monetary Fund's contribution to the Greek rescue fund. Schäuble was against it, on the grounds that Europe should sort out its problems by itself. Merkel, however, was keen to enlist the help of a body that has clear criteria when it comes to offering aid, and which would therefore prevent the Europeans from making one concession after another. Merkel prevailed.

 

But they've now traded positions. Schäuble believes that enough concessions have been made to Greece and he's bolstered by the frustration currently rife in his parliamentary group over Merkel's strategy. It will be hard for Merkel to secure majority support if he opposes her, so her fate is effectively in his hands..

 


 

The conflict is not about differences in their respective assessments of the situation.. Where they differ is when it comes to the consequences..

 

Officially, the differences between Schäuble and Merkel are explained away as a reflection of their respective tasks. It's Schäuble's job to hold the purse strings and Merkel's to keep an eye on what's happening on the international stage. Will Putin be getting a foot in the door if the euro zone cuts the rope on Greece? Will the country turn into a failed state in the middle of Europe if it no longer has the euro?

 

This isn't just a matter of good cop, bad cop. Unlike Merkel, Schäuble doesn't need to worry about looking as though he doesn't care enough about Europe. He wrote the book on the EU, penning papers on how to intensify the union when Merkel was still only a freshly-minted member of the cabinet. She, by contrast, has often been confronted by accusations that her EU policy is austerity-driven and nothing else. In terms of Europe, she lacks Schäuble's street cred..

 

Merkel has never been overly bothered about going down in the history books. But if she does end up hounding Greece out of the euro, the development will certainly be more than a footnote. Which is one possible reason for her hesitancy. She, not Schäuble, will be the one who has to deal with the inevitable criticism and attacks.

 

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Thu, 06/25/2015 - 11:05 | 6233447 kowalli
kowalli's picture

nothing will happen in monday...

Thu, 06/25/2015 - 11:06 | 6233451 Haus-Targaryen
Haus-Targaryen's picture

Oh good *another* final final final final deadline.  

Thu, 06/25/2015 - 11:08 | 6233470 Amish Hacker
Amish Hacker's picture

Yup, just like last Monday.

Thu, 06/25/2015 - 11:13 | 6233502 nope-1004
nope-1004's picture

"Deal".

 

LMFAO!!!

How about we have intrinsic stability, organic growth, and an economic system that works instead of a used car salesman-esque "deal".

FFS.  Proof that anything bankers touch, they debauch.

System is broken.  It needs to be burned to the ground.

FUCK your "deal".

Thu, 06/25/2015 - 11:13 | 6233512 Bumpo
Bumpo's picture

Greece: We want the same deal you gave Ukraine. Take it or leave it.

Thu, 06/25/2015 - 11:16 | 6233535 walküre
walküre's picture

The Emperor has no clothes !!!

Thu, 06/25/2015 - 11:18 | 6233553 Divine Wind
Divine Wind's picture

 

 

 

"Merkel Demands Deal Before Market Open On Monday"

 

  Or what?

Thu, 06/25/2015 - 11:31 | 6233650 boogerbently
boogerbently's picture

Like Khaddafi's "line of death".

Thu, 06/25/2015 - 11:36 | 6233679 Ignatius
Ignatius's picture

Merkel:  "I'm a victim."

Thu, 06/25/2015 - 11:50 | 6233763 El Vaquero
El Vaquero's picture

WTF?  If "there must be a deal before markets open on Monday," then you are subject to "blackmail."  Otherwise, you're just throwing a temper tantrum.  Got that, Merkel?

Thu, 06/25/2015 - 11:53 | 6233780 TheMeatTrapper
TheMeatTrapper's picture

What we need is a good Hitler rant video about Greece.

Thu, 06/25/2015 - 12:12 | 6233864 Waylon Bits
Waylon Bits's picture

What we need is a good collapse, trial, hangings and restructuring.

Thu, 06/25/2015 - 12:12 | 6233875 El Vaquero
El Vaquero's picture

That's probably kinda sorta what we're going to get, but it's not going to go the way people think it is.  It will be very unpredictable. 

Thu, 06/25/2015 - 12:14 | 6233885 pods
pods's picture

I am getting this weird feeling like I have been here before?

Like, last weekend.

pods

Thu, 06/25/2015 - 13:23 | 6234140 Manthong
Manthong's picture

Well excuse the F out of me, but..

The EU cannot afford it..

Douchebank would collapse like a house of cards if they do not fund the the mess that they and GS created. JPM would follow in short order, as well as AIG, RBS, HSBC and all of the other criminal derivative structures out there.

The Greeceballs (sorry, I am married to a Greek and this an affectionate term) will play them forever.. and like since 2011 the whole system is must be continued or it will implode like WTC7.

Nobody can predict when market forces will take effect, but they will.. someday.

In the meantime, I am pouring a morning beverage and staying tuned to this channel.

But, snicker, snicker.. it might be out of their hands and controlled by somewhere north of Ukraine.


Thu, 06/25/2015 - 14:04 | 6234396 Four chan
Four chan's picture

lucy, charlie, football.

Thu, 06/25/2015 - 16:25 | 6234920 Manthong
Manthong's picture

Merkel, Schmirkel

Gimme a break..

It’s not like she was Winston Churchill who put Nazi War Criminals with firearms just after WW2 ended on the rooftops in Athens to kill the dissidents who he was not content with. ..

Thu, 06/25/2015 - 16:37 | 6234944 Manthong
Manthong's picture

and oh, gee.. while I am on the Churchill Murder Schtick..

go figure out what he was doing in the English Admiralty when the U-Boats were herded into sinking the explosives laden Lusitania and got Woodrow and Banksters, Inc. into WW1. 

but F me with a spoon... that is just conspiracy theory. 

Thu, 06/25/2015 - 14:57 | 6234618 bbq on whitehou...
bbq on whitehouse lawn's picture

If europe needs another war over Germany so be it. Every few decades europe needs a big war. Its just the way they want it. Thats why so many of the smart ones left for the new world to get away from that nonsense.
The Euro was all about printing/loaning, money/credit that wasn't earned in order to steal from those that did.
Greece's government is not going to start earning a liveing any sooner then the German government. Governments will not tolerate a system that forces limitations on their growth. That ended with the gold standard.
Germans wil either live with a soft currency and high inflation or they can leave the euro and go back to the mark.

Thu, 06/25/2015 - 14:28 | 6234482 mortiis
mortiis's picture

As someone mentioned earlier... "It Feels LIke We Only Go Backwards"

http://crunchygrooves.com/share/XxjYK

Thu, 06/25/2015 - 13:54 | 6234350 Tall Tom
Tall Tom's picture

What we need is a good Hitler rant video about Greece.

 

You asked? You cannot do a YouTube search for yourself?

 

For your education and pleasure...

 

 

https://www.youtube.com/watch?v=_aI7Rcdtx_E

Thu, 06/25/2015 - 14:05 | 6234401 Four chan
Four chan's picture

played out video is played out. 

Thu, 06/25/2015 - 14:11 | 6234429 Tall Tom
Tall Tom's picture

Here is an earlier one...

 

https://www.youtube.com/watch?v=hLlKJ9eL79w

 

Of course it has been played out as well...

 

Notice the end result. This video was written years ago.

 

That is what happens with any predicament...THERE ARE NO SOLUTIONS. You can Kick the Can and delay the inevitable...for awhile. But the inevitable happens anyway.

 

What? Did you really expect something new and different?

 

Why the whine that it has already been played out?

 

Enjoy and pass the popcorn, wlll ya?

Thu, 06/25/2015 - 12:13 | 6233882 Miffed Microbio...
Miffed Microbiologist's picture

She's just throwing down a red line El Vaq. We all quake in fear when that is done.

Miffed;-)

Thu, 06/25/2015 - 12:41 | 6233988 El Vaquero
El Vaquero's picture

I seriously doubt the Greeks will do this, but my response to such a statement would be "We'll meet on Tuesday.  Don't call and don't ask for an emergency meeting.  Tuesday.  Got it?"  Then I would absolutly cut off all communication until Tuesday. 

Thu, 06/25/2015 - 13:15 | 6234097 gatorengineer
gatorengineer's picture

She didnt say which monday now did she...

From what I understand declaring default is required to trigger the CDS's, a technical default does not. Lagarde has to make that call and what I understand she has until July 30.

Thu, 06/25/2015 - 11:52 | 6233769 nuubee
nuubee's picture

She could be a victim, she kind of looks like a zombie in that picture.

Thu, 06/25/2015 - 12:01 | 6233818 El Vaquero
El Vaquero's picture

Actually, given the way the US spies on everything and throws its weight around, she could actually be a victim.  How much sovereignty does Germany really have?  How much of what she does is more in the interests of the US rather than Germany?

Thu, 06/25/2015 - 12:24 | 6233923 Freedom In Your...
Freedom In Your Lifetime's picture

Think it goes a level or two deeper than that. What usa is doing politically right now isn't going to benefit usa in any way. The big corporations have captured the government here and probably in germany as well.

Until there is some sort of soveirgn collapse or turmoil, the only thing you can count on is the private sector getting bailed out by the public sector.

Thu, 06/25/2015 - 12:31 | 6233952 El Vaquero
El Vaquero's picture

There is massiave corporate capture of government, no doubt.  I'm just questioning what part of the specturum Merkel is on the serf-vassal-conspirator-oligarch scale here.  She knows how to play the game, but there is also a lot of shit going on that could force her hand. 

Thu, 06/25/2015 - 13:11 | 6234158 Freedom In Your...
Freedom In Your Lifetime's picture

I'd bet all heads of the major countries are on the same level of the oligarch / vassal scale. They may have different strings pulling them in conflicting directions at times, but their biggest decision is most likely choosing which master to obey.

Perhaps the faction running the spy agencies are pulling for a different outcome than the bank sector that funded here, I can see what you're getting at there. No good choice for her if that is the case.

Thu, 06/25/2015 - 13:31 | 6234251 El Vaquero
El Vaquero's picture

I bet some world "leaders" are more willing than others.

Thu, 06/25/2015 - 14:04 | 6234394 Freedom In Your...
Freedom In Your Lifetime's picture

Would be really interesting to find out the truth about this. I wonder if we will ever really learn what goes on behind the scenes in our lifetime?

Thu, 06/25/2015 - 14:47 | 6234570 El Vaquero
El Vaquero's picture

Probably not. 

Thu, 06/25/2015 - 12:33 | 6233958 Sandmann
Sandmann's picture

The USA is Fascist and has modelled its military on the tactics of the Wehrmacht and its Corporatist State on that of Mussolini or Schacht. The US Voter is bought with AgitProp and Slogans to keep feeble minds in tune with corporatist logic.

What America was is dead. What it has become is Oceania in Orwell's 1984

Thu, 06/25/2015 - 11:31 | 6233653 Rattling Bones
Rattling Bones's picture

 

Or they move the deadline.

 

Thu, 06/25/2015 - 12:11 | 6233866 angel_of_joy
angel_of_joy's picture
...Merkel...Demands Deal Before Market Open On Monday

She might as well "demand" a new deal for Earth's gravitational force... Merkel is quickly becoming the European Obozo. Fortunately for her, there is always Hollande...

Thu, 06/25/2015 - 11:54 | 6233779 walküre
walküre's picture

... Or German markets won't open because Douche Bunk implodes into a gigantic Supernova and Fed, ECB, BoJ et al will follow into its black hole and we will all be dancing in the Stardust singing The Witch is Dead!!!!!!!!!!!!!!

Thu, 06/25/2015 - 13:39 | 6234258 Tall Tom
Tall Tom's picture

A giant large SUUUUCK was heard off in the distance as the implosion of the Douche into the grimy, odiferous, fish hole demonstrated, without a doubt, that something awful was stinking in Denmark...oops wrong CUNT RIE, I mean the Netherlands, specifically Brussels.

 

By the time in which had ended it was the whole Western Banking System imploded into that hole wthout any chance of escape, other than being flushed down into the cesspool of Financial Hell for their sinful wickedness.

 

And yet it supposedly statrted when Greece was added to the Douchehole. While that was an unsanitary venture from the start we all know that it was OIL, the lack thereof, or overabundance as the case turned out, that was the causal event of this totally grotesque and unsanitary affair.

Thu, 06/25/2015 - 12:34 | 6233960 Fun Facts
Fun Facts's picture

Merkel is a politco puppet, controlled by the global financial oligarchy.

Just like Obama.

As a matter of fact, you could have Obama run Germany and Merkel run the USA and nothing would change. Not a thing.

They're both just taking orders.

Thu, 06/25/2015 - 12:36 | 6233971 HamRove
HamRove's picture

"Merkel Demands Deal Before Market Open On Monday"

 

  Or what?

Or What???

How about "MechaMerkel"

A 33 foot mostrosity made of hair, and teeth, and a fury that few could imagine. 

Does that scare you?? 

Thu, 06/25/2015 - 13:06 | 6234125 Vincent Vega
Vincent Vega's picture

Or she'll hold a press conference where she shall use harshly worded language demanding a deal by the NEXT Monday.

Fri, 06/26/2015 - 08:22 | 6236889 mtl4
mtl4's picture

Sucks when you're leverage is gone doesn't it?!

Thu, 06/25/2015 - 11:42 | 6233724 Bossman1967
Bossman1967's picture

The thought of Merkel with no cloths gross

Thu, 06/25/2015 - 18:30 | 6235262 VegasBob
VegasBob's picture

Dear Comrade Angela,

You are not going to get your money back. Ever. Deal with it.

Of course, we will take any further euro assistance that anyone is foolish enough to give us.

Sincerely,

The Greeks

Fri, 06/26/2015 - 08:20 | 6236884 mtl4
mtl4's picture

Is it me or is she starting to look like this famous Emperor?

 

http://images.vcpost.com/data/images/full/19621/ian-mcdiarmid-as-emperor...

Thu, 06/25/2015 - 11:19 | 6233545 Kozakman
Kozakman's picture

You have to get Turkey to invade you then.

Fri, 06/26/2015 - 04:10 | 6236461 Megas Napoleon
Megas Napoleon's picture

I they really could they would by now. But even with Greece in this state they are too afraid to envade. Perhaps only if the americans take them by the hand and guide them to the right direction.

Thu, 06/25/2015 - 11:40 | 6233713 Freddie
Freddie's picture

+100

Give them the same deal.  Endless financing and free money like Yatz and Porky get.

I give the Greeks more credit than ObamaCare Americans.   At least they are putting up some sort of fight.

Thu, 06/25/2015 - 13:03 | 6233956 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I don't think they want the same deal as the Ukraine or any other country for that matter seeing what went down there.

Thu, 06/25/2015 - 12:45 | 6234014 detached.amusement
detached.amusement's picture

"Greece: We want the same deal you gave Ukraine. Take it or leave it."

 

 

Somehow I dont think the Greeks want the invisible hand to remove their government illegally and install a bunch of crony puppets that will assist in looting as much gold from the central bank as possible...

Fri, 06/26/2015 - 04:12 | 6236463 Megas Napoleon
Megas Napoleon's picture

But they already done this and syriza party overthrown the former puppets.

Thu, 06/25/2015 - 11:18 | 6233551 El Vaquero
El Vaquero's picture

How about the understanding that "organic" growth is dead and an economic system that works might just require hanging some globalists. 

Thu, 06/25/2015 - 11:18 | 6233547 DeliciousSteak
DeliciousSteak's picture

The next IMF payment is coming due next week so deal or no deal they HAVE to come up with something. Merkel reminding them of this doesn't change much.

Thu, 06/25/2015 - 11:27 | 6233625 agstacks
agstacks's picture

Not really, deafult comes only when it's declared as such.  And that ain't gonna happen. They've been insolvent for 5 years FFS

Thu, 06/25/2015 - 11:32 | 6233655 DeliciousSteak
DeliciousSteak's picture

Lagarde has already said that there won't be a grace period if Greece fails to pay. She could be talking out of her arse to pressure Greece of course, but if there's no deal we'll know very soon.

Thu, 06/25/2015 - 12:47 | 6234025 detached.amusement
detached.amusement's picture

lol...dude everyone's been talking out their arse to pressure greece, even grecians

Thu, 06/25/2015 - 11:37 | 6233692 Carpenter1
Carpenter1's picture

"Before markets open"

 

Why would she tie the deal to market opening?

 

Think hard people, this is your last chance.

Thu, 06/25/2015 - 13:18 | 6234168 Tall Tom
Tall Tom's picture

She is long on the DAX? On Douchebunk perhaps?

 

Perhaps she needs to hedge that with a long on USD...or short EUROS

 

Maybe the DAX will not open on Monday if there is no deal.

 

If it does there will be carnage.

 

Desparation time? Does demanding from a position of strengh actually signal great weakness?

Thu, 06/25/2015 - 11:38 | 6233699 Bumpo
Bumpo's picture

For Gawd Sakes, all the Big Banks are Insolvent. Rubber, meet Road.

Thu, 06/25/2015 - 13:21 | 6234214 Tall Tom
Tall Tom's picture

For Greed's sakes, it is not really a benefit to them to declare it.

Thu, 06/25/2015 - 12:13 | 6233877 walküre
walküre's picture

Greece already said they have the 1.5 billion for IMF between the couch cushions. Just thought they could beg their cousins to look in their couch cushions first, ya know?

IMF is how do you say... plyable. Like rubber banker, not robber banker. Channeling Panos here.

Thu, 06/25/2015 - 14:12 | 6234431 delacroix
delacroix's picture

didn't douchebank find some billions they didn't know they had, a few years ago?

Thu, 06/25/2015 - 11:25 | 6233606 Honey Badger
Honey Badger's picture

Exactly.  Like, WHICH Monday are we talking about.

Thu, 06/25/2015 - 12:43 | 6233998 Winston Churchill
Winston Churchill's picture

The one before Christmas.Its always going to be over before Christmas.

Thu, 06/25/2015 - 11:12 | 6233487 XAU XAG
XAU XAG's picture

sending a strong message to Greece is critical if Berlin hopes to avoid being drug into similar negotiations with Spain, Portugal, and/or Italy in the future

 

I had no idea Europe had a drug..............problem

 

 

And you forgot.......................France!

Thu, 06/25/2015 - 11:22 | 6233584 KnuckleDragger-X
KnuckleDragger-X's picture

My question is what if it's not blackmail? It never seems to occur to them that Greece is slowly dieing and doesn't plan on going by itself. The EU is merely the latest dictator wannabe's.....

Thu, 06/25/2015 - 11:11 | 6233493 Antifaschistische
Antifaschistische's picture

....but you are being blackmailed....because Greece knows you can't let them out of the chokehold.  The numbers are too big...and the banking parasite community must continue to maintain their power to liquidate Greece...and the Euro is the only mechanism to do so.

Thu, 06/25/2015 - 11:30 | 6233643 Bullwinkle42
Bullwinkle42's picture

... "Won't be blackmailed by GREECE' ... But hell, the US of A is quite another matter.

Thu, 06/25/2015 - 11:53 | 6233775 OilCaptain
OilCaptain's picture

"Blackmailed" - You bought their shitty debt!  You have to live with the consequences...

Thu, 06/25/2015 - 13:26 | 6234233 Jack Burton
Jack Burton's picture

Is this the 10th or 20th final deadline. Are these the 50th emergency negotiations? Fuck! Nobody believes there are any deadlines. Extend and Pretend, one day at a time. Keep the EU banks from booking the losses, keep CDS from being called in. Just keep it going one more day!

Thu, 06/25/2015 - 11:07 | 6233460 keremetski
keremetski's picture

She looks like bulldog. Scary, scary, shit my pans.

Thu, 06/25/2015 - 11:42 | 6233725 keremetski
keremetski's picture

Who let the dogs out? Woof, woof
Who let the dogs out? Woof, woof

She is good and ready for Wife Swaps realtv.

Thu, 06/25/2015 - 11:18 | 6233554 Tom Servo
Tom Servo's picture

I think she looks like Beaker, the muppet...

Thu, 06/25/2015 - 11:34 | 6233666 TheMeatTrapper
TheMeatTrapper's picture

She's missing her little square mustache and German Shephard.

Thu, 06/25/2015 - 11:34 | 6233667 TheMeatTrapper
TheMeatTrapper's picture

Dupe

Thu, 06/25/2015 - 11:09 | 6233478 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

FUCK YOU YOU CUNT BITCH - DON'T TALK ABOUT IT BE ABOUT IT....YOU SCARED PEICE OF SHIT. YOU WON'T DO SHIT. 

Thu, 06/25/2015 - 11:51 | 6233766 Freddie
Freddie's picture

+1

Germany will kick the can.  This whole EU, open borders z-oligarch thing was already in the works before the Berlin Wall came down.

Theis z-bankster scum has been feasting on and murdering Europeans for money for 400 years.  Endless wars, endless looting, endless murder.

Thu, 06/25/2015 - 13:27 | 6234237 Jack Burton
Jack Burton's picture

+1 Correct!

Thu, 06/25/2015 - 11:21 | 6233575 rubiconsolutions
rubiconsolutions's picture

"I can name that tune in two notes..."

Thu, 06/25/2015 - 11:26 | 6233614 ebworthen
ebworthen's picture

"Before markets open Monday..." 

Can't disrupt the elite's ponzi casino money churning operation!

Thu, 06/25/2015 - 13:33 | 6234255 joseJimenez
joseJimenez's picture

Something will happen!  We will go to work[those of us who still have a job] and Greece will get until Wed to, well, not do anything.

Thu, 06/25/2015 - 11:06 | 6233449 Haus-Targaryen
Haus-Targaryen's picture

Chuck Norris

Thu, 06/25/2015 - 11:15 | 6233523 Klaatuwept
Klaatuwept's picture

When Chuck Norris goes swimming Chuck doesn't get wet, the water gets Chuck . . . .

Thu, 06/25/2015 - 11:27 | 6233618 CrimsonAvenger
CrimsonAvenger's picture

Chuck Norris doesn't wear sunscreen; the sun wears Chuck Norris screen.

Thu, 06/25/2015 - 11:58 | 6233803 Uchtdorf
Uchtdorf's picture

There are no extinct animals. There are only animals that Chuck Norris hasn't killed yet.

Thu, 06/25/2015 - 11:07 | 6233463 mtndds
mtndds's picture

same as it ever was.

Thu, 06/25/2015 - 11:08 | 6233468 mtndds
mtndds's picture

how many fucking deadlines do we have to endure.

Thu, 06/25/2015 - 11:21 | 6233578 franzpick
franzpick's picture

As many as it takes for the troika-merkel-cabal to discredit Tsipras, cause Greek unrest that allows them to re-establish a bought-and-paid-for pro-debt puppet leader.

Thu, 06/25/2015 - 11:08 | 6233474 i_call_you_my_base
i_call_you_my_base's picture

Greece should bundle the rest of their 2015 payments.

Thu, 06/25/2015 - 11:13 | 6233510 Antifaschistische
Antifaschistische's picture

bingo....Greece should offer a debt consolidation with a balloon payment for the entire freaking lump in say....2040.  a Trillion Euro's in 2040...that' sounds about right.   sign it now...

Thu, 06/25/2015 - 11:09 | 6233480 madbraz
madbraz's picture

there is an algo for that

Thu, 06/25/2015 - 11:09 | 6233481 Blopper
Blopper's picture

There will be NO EXIT whatsoever.

Thu, 06/25/2015 - 11:16 | 6233536 Antifaschistische
Antifaschistische's picture

parasites must keep their hosts alive....agree 100%, there will be NO EXIT.  (welcome to Hotel Eurifornia)

Thu, 06/25/2015 - 11:26 | 6233587 Bumpo
Bumpo's picture

There will be no Debt Repayment, either ...

Thu, 06/25/2015 - 11:10 | 6233485 RealityCheque
RealityCheque's picture

"....sending a strong message to Greece is critical if Berlin hopes to avoid being drug into similar negotiations with Spain, Portugal, and/or Italy in the future"

But not Ireland. Because my country is run by dogs, cowards, criminals and cunts.

Thu, 06/25/2015 - 11:13 | 6233507 Irishcyclist
Irishcyclist's picture

Paddy politicians sold out years ago.

Thu, 06/25/2015 - 11:48 | 6233752 X_Weatherman
X_Weatherman's picture

All of Europe's politicians sold out their people.

Thu, 06/25/2015 - 11:52 | 6233770 i_call_you_my_base
i_call_you_my_base's picture

All of the world's politicians never cared in the first place.

Thu, 06/25/2015 - 13:15 | 6233784 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

All politicians are whores, simple as that. If you are trying to win a popularity contest it automatically makes you compromised from a logic standpoint since winning elections is about emotion not logic.

There is no difference in voting for a politician or American Idol. It is the same shit framed differently to obscure the obvious. Politics is not about logic it is about emotion, if it was logic it would be competition with the winner being the one with the most logic skill. There would be no voting at all.......

Not only that you make it open to everyone and no one is competes against each other only competition is to solve something and show the logic and reasoning skills behind their solution. Whoever passes becomes eligible on a rotating basis for government positions. Representative governments and democracies based on popular voting are the problem, the whores masquerading as leaders (of any stripe) are a symptom not the cause.

You want the mother of all trojan horses it is the Greeks invention of politics and democracy which undermines reason and logic.

Thu, 06/25/2015 - 13:51 | 6234332 ChooChoo
ChooChoo's picture

It took us 5 years before we could start "blackmailing" EU ECB & Germany... give it some time!

Fri, 06/26/2015 - 04:19 | 6236470 Megas Napoleon
Megas Napoleon's picture

That is a pitty, Irish are very nice people and Greeks are very fond of them.

Thu, 06/25/2015 - 11:10 | 6233486 Herdee
Herdee's picture

Greece won't be permanently enslaved by the corruption in the ECB and IMF.

Thu, 06/25/2015 - 11:18 | 6233549 Salah
Salah's picture

Read the recent WSJ pyscho-analysis of Merkel; this is s.o.p. for her.  IMO, this time it's for real.

Thu, 06/25/2015 - 11:11 | 6233489 pickupthatcan
pickupthatcan's picture

I've been waiting for the euro to shit the bed for years. The dollar will explode higher and PMs will be on sale like we haven't seen since '06.

Thu, 06/25/2015 - 11:28 | 6233630 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Agreed.

Thu, 06/25/2015 - 11:11 | 6233490 Amish Hacker
Amish Hacker's picture

The real collapse will come on a Friday, preferably before a 3-day holiday in US markets, and by Monday the MSM will be distracting the sheep with something else.

Thu, 06/25/2015 - 11:11 | 6233494 e1618978
e1618978's picture

Didn't they say the same exact thing last week?

Thu, 06/25/2015 - 11:11 | 6233496 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Yeah, but this time is different.

/s

Thu, 06/25/2015 - 11:11 | 6233497 directaction
directaction's picture

Wasn't last Monday the deadline?

Thu, 06/25/2015 - 11:28 | 6233632 SmallerGovNow2
SmallerGovNow2's picture

Didn't they miss a 9 June deadline for IMF payment?

Thu, 06/25/2015 - 11:12 | 6233498 centerline
centerline's picture

Kabuki theater.

Thu, 06/25/2015 - 11:12 | 6233499 Son of Loki
Son of Loki's picture

Demanding repayment of loans .... how quaint.

Thu, 06/25/2015 - 11:12 | 6233503 sawman
sawman's picture

Didn't they say that last week about this Monday. This is now beyond farce. I demand this by Monday or I'll demand it more strongly by the following Monday until I get what I want. Bloody joke.

Thu, 06/25/2015 - 11:12 | 6233504 Bill of Rights
Bill of Rights's picture

Yawn....

Thu, 06/25/2015 - 11:13 | 6233508 bid the soldier...
bid the soldiers shoot's picture

 

"PAY NO ATTENTION TO THE SHORT LITTLE BALDING GUY BEHIND THE SILVER CURTAIN."

 

(short little balding guy)

DA

 

Thu, 06/25/2015 - 11:14 | 6233514 Irishcyclist
Irishcyclist's picture

Go and sing for it, Merkel.

Thu, 06/25/2015 - 11:24 | 6233604 Realname
Thu, 06/25/2015 - 11:14 | 6233515 f16hoser
f16hoser's picture

Sour Kraut.

Thu, 06/25/2015 - 11:14 | 6233516 LawsofPhysics
LawsofPhysics's picture

LOL!!!!  How many people who are being blackmailed are the ones making the demands?

Kabuki fucking theater.

Thu, 06/25/2015 - 11:19 | 6233566 jakesdad
jakesdad's picture

it's like two people in a small room, one of them holding a glock & making demands of the other wearing a belt loaded w/c-4 & a dead man trigger:  "do X or I'll shoot!"  "do Y or KABOOM!  oh, & btw if you shoot or try to leave the room same result..."

Thu, 06/25/2015 - 11:14 | 6233517 Phat Stax
Phat Stax's picture

the deadline-iest deadline evah!

Thu, 06/25/2015 - 11:15 | 6233520 Dre4dwolf
Dre4dwolf's picture

wow spain and italy are really getting the german shaft treatment.... one wonders why they haven't left the Euro yet . . .  they must enjoy the abuse.

Thu, 06/25/2015 - 11:15 | 6233521 Racer
Racer's picture

Because the .... markets..... are more important than poor people and pensioners!

Thu, 06/25/2015 - 11:26 | 6233615 SmallerGovNow2
SmallerGovNow2's picture

Because the .... banks..... are more important than poor people and pensioners!

Fixed it for ya...

Thu, 06/25/2015 - 11:16 | 6233528 two hoots
two hoots's picture

Greece will not voluntarily commit euthanasia.   Mutti and Woflgang, who are paying the hospital bills, have decided it's time to pull the plug.

Thu, 06/25/2015 - 11:16 | 6233537 Realname
Thu, 06/25/2015 - 11:17 | 6233540 BoPeople
BoPeople's picture

And Greece will not be blackmailed by the Herr Schaeubel and Frau Merkel to turn over the sovereign power of their nation to Germany.

What has become absolutely clear through this process is that this is NOT a European thing. This is a Germany taking over Europe thing.

Thu, 06/25/2015 - 11:22 | 6233582 DeliciousSteak
DeliciousSteak's picture

Germans increasingly want nothing to do with Greece. Out, out, out is their message. Poor Merkel still living 10 years in the past.

Thu, 06/25/2015 - 11:17 | 6233543 walküre
walküre's picture

Before markets open Monday? Dang, those are fightin' words?

Or what else?

Thu, 06/25/2015 - 11:47 | 6233744 Meat Hammer
Meat Hammer's picture

Merkel will start unfriending people on Facebook.

Thu, 06/25/2015 - 11:18 | 6233556 Brokenarrow
Brokenarrow's picture

LOLOLOLOLO! Cowards to the very last. "No more chances--I'm only gonna tell you one more time--last chance--I'm telling you---my last offer!" Fucking pussies. Let it rip! Let Spain, Portugal, and Italy spit on Germany's face. Let the bankers die a painful death. LOLOLOL! They wont do shit.

Thu, 06/25/2015 - 11:24 | 6233601 semperfi
semperfi's picture

Merkel - proof Nazis still in charge

Thu, 06/25/2015 - 11:20 | 6233568 roadhazard
roadhazard's picture

MACH SCHNELL, bitches

Thu, 06/25/2015 - 11:20 | 6233571 sudzee
sudzee's picture

Don't piss off the Greeks there Merkle its the EU thats throwing you under the bus. You know when everything that can possibly be done is done you could maybe try the right thing and bendover for some Greek sausage.

Thu, 06/25/2015 - 11:26 | 6233573 Econolingus
Econolingus's picture

Germany was foolish to believe that an Union of industrious northern states and and lazy, profligate southern states could be stitched together into a sustainable union.  This is 1861 all over again, and unless Merkel is willing to invade the Mediterranean coastlands and force debt compliance at the point of a bayonet, the wastral southern states will secede.  And good riddance: short term pain for long term gain, and the chance for Germany to avoid the American Model of a never-ending, massive flow of state-level subsidies cascading from the north and east and west to support the economically anorexic south.  That giant sucking sound you here on this side of the Atlantic?  It's the ghost of Jefferson Davis at the slop trough of statist welfare.  The North won the war; and the South continues to win the peace....the Stars and Bars farce notwithstanding.

Thu, 06/25/2015 - 11:32 | 6233641 falak pema
falak pema's picture

What you forget is that this asymmetric union since 1992 Maastricht deal has made the United German economy HUGELy rich by exporting to the extended EU lineup of 20+ euro members.

So German exports and trade balance with its main partners, 70% of its turnover, has made the combined Germany we see today; thanks to Schroeder's streamlining of the economy, before Mutti was elected.

German intelligence of yesteryear is now seen as "foolishness" of the model that the USA hoisted on the world since globalization fed on financial steroids began and which has sucked in all the world's banks into the derivative and debt soup to "keep up with the Jones" of the international financial web.

In the financial meltdown post Lehman Club Med just went belly up!

Now its payback for rich also; as the poor only have skin and bone and no xtra fat in their banks! 

Thu, 06/25/2015 - 12:23 | 6233791 Econolingus
Econolingus's picture

Of course, if this is true..it supports my point.  It is now time for Merkel to cut the cord, before Germany is dragged into a future of funding a dysfunctional dystopia of uneducated and uneducable masses.  The north has profited as much as it can, and being carried from the economic battlefield on their own shield will be the truest definition of a Phyrric Victory.

Thu, 06/25/2015 - 11:56 | 6233796 Haus-Targaryen
Haus-Targaryen's picture

Wrong.  

German exports to the PIIGS has stagnated and even gone down since the inception of the EUR.  How many new Mercedes can a country with 25% unemployment really buy?  Come on man.  

Moreover, annual German growth averaged 2.3% from 1948 - 1998.  Since the EUR 0.7%.  Its slowed down.  

Germany was doing better without the EUR, and they will do better without the EUR in the future.  

Thu, 06/25/2015 - 12:03 | 6233819 TheMeatTrapper
TheMeatTrapper's picture

"the American Model of a never-ending, massive flow of state-level subsidies cascading from the north and east and west to support the economically anorexic south. "

 

Don't let facts get in the way of your predetermined ideas. Businesses are abandoning the Socialist Workers Paradises of the north and west and fleeing to the South in record numbers. In Alabama alone we have an Airbus factory, a Mercedes factory, a Honda factory, A Hyundai factory, the largest steel mill in the entire world and Remmington Arms recently moved here. 

As far as your "flow of taxes" is concerned, the reason tax money flows into the South is because the MIC has located most of their weapons plants and large military bases here. But don't worry, we'll take good care of them after the split. 

Now carry on with your rant good sir.

Thu, 06/25/2015 - 12:40 | 6233987 Econolingus
Econolingus's picture

Uh, right.  

and that steel mill is, which one?  Oh, if you mean the T-K facility in Mobile, it is big, but hardly the largest in the world.

Alabama is barely a blip on the screen of world GDP, while that renowned worker's paradise of California is the equivalent of a top-10 nation.

Now go back to jerking off to old Nick Saban interviews, and dreaming about a win against those free-stater Buckeyes.

 

Thu, 06/25/2015 - 16:54 | 6234997 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

It just has to be large enough to support Alabama's or the immediate region's needs. Not everything you produce needs to be for non local export.

Thu, 06/25/2015 - 11:22 | 6233576 Tinky
Tinky's picture

In any case, it's a real shame that Angela didn't marry Studs Terkel years ago, as it would be so much more fun to call her Angela Merkel-Terkel.

Thu, 06/25/2015 - 11:51 | 6233768 J Jason Djfmam
J Jason Djfmam's picture

What if she married Steve Urkel in between? Angela Merkel-Urkel-Terkel.

Thu, 06/25/2015 - 11:21 | 6233577 youngman
youngman's picture

Tuesday..Tuesday is the day...if they dont pay and if they do not extend the current agreement.....its over then....

Thu, 06/25/2015 - 11:22 | 6233583 Piranha
Piranha's picture

Merkel - sure Germany will be an even larger creditor but it really doesnt matter since money is something you print digitally with the press of a button, get on track with the new role of central banks and use it for yourself....spend spend spend so we finally can get some inflation going

Thu, 06/25/2015 - 11:23 | 6233590 spellbound
spellbound's picture

What acting bullshit!...Demands deal before markets open on monday, or WHAT?...what if it's on Tuesday?!?!?! Really shoveling it now!

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