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Stocks Tumble After Eurogroup Meeting Suspended With "No Deal In Sight"
As reported in exhaustive detail earlier this morning, talks between Greece and creditors have once again fallen apart as the Greek delegation is unwilling to concede to the IMF's demands for pension cuts and a VAT hike:
- NO EUROGROUP AGREEMENT IN SIGHT ON GREECE: EU OFFICIAL
- EUROGROUP HAS BEEN 'INDEFINITELY SUSPENDED:' EU OFFICIAL
- EUROGROUP MAY RECONVENE ONCE GREECE PROPOSAL RECEIVED: OFFICIAL
I'm hearing #eurogroup is now finished. #Greece
— Peter Spiegel (@SpiegelPeter) June 25, 2015
Just remember, Greece doesn't matter...
The algos' reaction to the news was violent and swift:
Here's what the last 15 minutes looked like (note the volume at 9:38 dwarfs 9:30!) $ES_F $DAX_F pic.twitter.com/4BLneI8eBs
— Eric Scott Hunsader (@nanexllc) June 25, 2015
Meanwhile things are rapidly imploding:
I hear Tsipras will go to the Greek people if he is given take-it-or-leave troika diktat. Worth noting ND & To Potami have been in town
— Bruno Waterfield (@BrunoBrussels) June 25, 2015
Which means that Tsipras, back to the wall, is again threatening with elections/referendum and maybe even resigning as rumored earlier, and outcome which is precisely the worst "Grexident" case outcome that so many have warned about and that Goldman, as we reported previously, has been plotting all along to give the ECB a greenlight for even more QE...
Officials arrive for the EU summit (live):
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Mmmmmmmm.... I smell default. Just do it!!!
Someone just stole the damn can.
That isn't funny....give it back.
Who ever stole the can.........................wont find any money in it!
So what's the actual deadline here? I thought it was supposed to be Monday?
Hard to keep track of this garbage.
It's next Monday. Always next Monday...
Monday...ish.
My perspective of these negotiations is that Europe has a bunch of unsecured paper debt that was used as a bribe to entice nations into the most recent monetary grift, and Greece has this...
http://orientalreview.org/2015/01/27/the-russian-chinese-strategic-partn...
EU will try to throw out Tsipras in the next week.
Let's see what Tsipras says. If he is a politician he'll resign, if he is a statesman he'll walk into the negotiating room at Brussels. Tell Christine Leguarde she looks like a horse, ask Schäuble what life is like without sex, tell Djosooboom his hair looks like pubes and tell Mario Draghi to fuck himself, his bank is about to eat losses like the world has never seen.
Flip them the bird and take a train back to Athens.
train back to Athens............................your kidding us
PLANE
No train back to Athens is correct, with his cell phone turned off.
Wake me when it happens. Sleep is too precious.
PLEASE, PLEASE, PLEASE, OH PRETTY PLEASE ...
Aaaannnd ... it's gone!
looking at Madame Lagarce's body language, this stalemate could be resolved if Mr Varoufakis indulged in a quickie with her. Is the man enough of a Mithologic Greek Hero enough to serve is Country with his balls ?
Meh, by Friday everything will be fine and dandy again
ya then we can go back to watching dear leader try to incite a civil war/gun grab/world domination grexit will be an after thought.
Only minutes later a frenchie gov official says a greek deal is still possible.
the wheels on the bus go round and round, round and round....
the wheels on he bus go round and round, round and round....
Only......................Untill it goes over the cliff
Throw those deadbeat Greeks out of Europe already.
I have to admit..they have taken it down to the wire...so exciting...what a way to run a country...raises next week I bet....
The entire western c/b ponzi will collapse if Greece is not offered everything they ask for. ECB has a choice to make, a few hundred billion free euros or end of EU. When Greece wins this standoff get ready for Spain, Portugal and Italy getting the same deal and Germany back to Deuchmark.
That's because they aren't even looking for one. Give it til the 11th hour; they'll see deals coming from everywhere.
Let the Kabuki roll.
Don't worry, the Fed will bail out Europe. Didn't they make a profit when they bailed out GM, AIG etc in'08?
Tsipras hasn't even mentioned Russia yet. The Troika is such a joke. Worthless pieces of crap using a tirade of propaganda to belittle Greeks.
Seriously guys, how much more of this shit can we take.... rinse and repeat... poor greeks getting the shit kicked out of them,,, them today .. us tomorrow...... its all fiat currency/central bank wet dream spwan,.
Get into the physical Bullion... and the stress levels drop significantly
check out www.teamramgold.com and I'll teach you how to make a system work for you to get bullion at the cheapest price... I can show you how to get the bullion home and in your hand for little over spot price ...
Im telling ye guys this programme works....
Everytime it says stocks tumble on here, they immediately go right back up.
There is no reason minority parties like New Democracy and Potami should be meeting with EU leaders unless the EU is quietly engineering a coup d'etat to claim Tsipras' scalp.
If Greece can just rename itself UKRAINE, all would be well and the sky would be the limit on borrowing/giving.
Next up the attempts at regime change in Greece and the placement of puppets in the appropriate areas as took place in Italy. NGO subversion etc but will it work. I don't think so.
Oh heavenly father, will the old fuckers never die?