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Greek PM Who Was Fired For Referendum Bluff Tells Zero Hedge "It's Different This Time""
Remember George Papandreou? The former Greek prime minister who in 2011 resigned just after he threatened to do what Tsipras shocking just did last night, i.e., hold a referendum?
If not, here is a reminder. From November 2011:
Greece will hold a referendum on a new European Union aid package intended to resolve the country's debt crisis, Prime Minister George Papandreou says. Last week eurozone leaders agreed on a 100bn-euro loan (£86bn; $140bn) to Athens and a 50% debt write-off, in a effort to tackle the euro crisis.
Opinion polls in Greece show that most people do not support the austerity deal.
Mr Papandreou told a meeting of his governing Socialist party that Greek people would have the final say on the package, which is designed to reduce Greek debt by about 100bn euros. "The command of the Greek people will bind us", he was quoted as saying by AFP news agency.
He set no date for the referendum, but indicated that it would be held after details of the deal have been finalised with the EU and the country's creditors.
It is a big gamble for Mr Papandreou, who will argue that it is in Greece's national interest to support the deal, the BBC's Europe editor Gavin Hewitt reports.
It was a big gamble: less than a week later under Eurogroup pressure G-Pap was forced to resign.
George Papandreou, under intense pressure to end the political uncertainty engulfing Greece, is expected to formally resign immediately as prime minister after convening an emergency cabinet meeting.
Sunday's extraordinary cabinet session would be the crisis-hit leader's last as prime minister, a government spokesman confirmed as cross-party talks to form a national unity government continued behind closed doors for a second day. Papandreou would quit once personnel of the new administration had been agreed, he said.
"We just have to wait for the prime minister's announcements in the cabinet," veteran socialist Telemachos Hytiris told Greek state television. "Everything must be wrapped up within the day otherwise tomorrow it will be hell."
Hell was delayed by 4 years after the Eurogroup managed to replace this particular "unruly" Prime Minister with two sets of technocrat governments both of which did everything in their power to not shake the boat and to perpetuate the status quo.
Until this morning, when in a shocking development, the referendum finally became a fact.
Which, paradoxically, also brought G-Pap out of his 4-year-long hibernation in order to slam Tsipras for having the guts to do what George was promptly talked out of back in November 2011 after a few very angry phone calls from the Eurogroup.
Tsipras exploits the ultimate weapon of democracy as a tactical ploy, underminining its political essence. #Greece #referendumGR #toKinima
— George A. Papandreou (@GPapandreou) June 27, 2015
This was a level of hypocrisy we couldn't simply let slide, and so we inquired:
Didn't you lose your job for threatening to do the same in 2011? https://t.co/rOsXyYYcKV
— zerohedge (@zerohedge) June 27, 2015
Unexpectedly, the former PM decided to reply (just as Mario Draghi did back in 2013 a topic we will revert to shortly now that the Euro is finally shown to be "reversible" and Europe has run out of "political capital") as follows:
We had a deal for massive haircut and reform, safe within EU/EZ. What do they have @zerohedge? Not "the same". #referendumGR #Greece
— George A. Papandreou (@GPapandreou) June 27, 2015
At this point we realized that it would be difficult to fit into 140 characters that what Greece now has is a legitimate chance for a true beginning, not just a German bank bailout can-kicking as has been the case every single time in the past 5 years, one unburdened by the disaster that has been the Eurozone from day one for all but Germany, whose soaring Deutsche Mark over the past decade would have crushed the German "golden age" on the backs of million of peripheral European workers.
What Greece now has is the opportunity to take a huge, and long overdue, amount of pain now and for the next few years, at which point it can truly flourish and recover, thanks to the Drachma finally allowing the long-overdue external rebalancing. Without this, Europe would be assured a slow, miserable, painful death, "but at least it would have had the euro."
To the Greeks: yes it will be a painful few years, but then the sustainable recovery will finally come. Look no further than Iceland as an example of a country that dared to say no to banker and oligarch interests.
So yes, George, it's "not the same." Now there is actual hope as some of the replies to G-Pap's tweet reveal, all by people who are sick and tired of being lied to over and over by those in charge.
@GPapandreou I wonder why you are writing in English - to WHOM are you referring to? Is this a show for you?
— seneca465 (@seneca465) June 27, 2015
@GPapandreou @zerohedge Of course! You received even a thank you price for that by Dr Ackerman of Deutsche Bank
— GStasi46 (@gstasi46) June 27, 2015
@GPapandreou so why didnt you do it back then? we would have all supported you but YOU lost faith in us the greek citizens!
— P.D.Cavadias (@pdcavadias) June 27, 2015
@GPapandreou you are the one who asked for referendum few years ago. I say NO to #IMF and #eurogroup austerity blackmail. Yes we can say NO
— CK Enterprises Inc. (@CKEnterp) June 27, 2015
@GPapandreou Sir, that is rich coming from you who yourself proposed referendum only to back down; not tactical nor undermining imho.
— ??? (@WeiDeLi14) June 27, 2015
@GPapandreou @zerohedge You didn't have a 'deal'. You sold out your children's future. Walking away from the debt has always been an option
— JonFrateParody (@jonfrate) June 27, 2015
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This just in:
EUROGROUP: SOMEONE INSTALLED A WHEEL BOOT ON SCHAUBLE’S WHEELCHAIR
DIJSSELBLOEM CLAIMS HE SAW TSIPRAS DO IT
EUROGROUP: SECURITY CAMERAS SHOW DIJSSELBLOEM CARRYING W/C BOOT INTO THE BUILDING
TSIPRAS ANNOUNCES NEW REFERENDUM ON “WHO DONE IT”
Looney
The axe is thirsty.
Greece needs to do an Iceland.
Consolidate all the bad Euro Debt into a single bad Euro Country. Greece being the bad bank. Greece now owes 250 Trillion. There, the books are clean!
START LICKING THE GERMAN BOOT GREECE!
"When things get serious, you must respond to ZeroHedge."
These motherfuckers. I almost can't believe it, but they ACTUALLY do read this shit. I'm pretty amazed, to be honest.
According to Bild here in Germany, New Democracy in Greece is attempting to overthrow Greek government tonight. If it works, new elections. If it doesn't .. "referendum" delayed ...
http://www.bild.de/politik/ausland/athen/letzter-rettungsversuch-4153935...
Q: Why do politicians like Twitter?
A: They don't have to pay for a speech writer.
Because most of them are twats?
greferendum is spelled:
sigma tau alpha pi lambda epsilon gamma upsilon nu
Link to Bild piece is good but who among us speaks German?
Try Google Translate.
"I almost can't believe it, but they ACTUALLY do read this shit. "
They know who we are and exactly what we think of them.
They know that some of us aren't talking shit when we talk of destroying their fraudulent wealth extraction system and hanging them from the lamp posts.
...& let me be 100% clear: I for one do indeed have every interest and intention of destroying their fraudulent wealth extraction system -and hanging them from the lamp posts.
+1
ZH name Ghordius!
>>>>>>>>>>> ZeroHedge
>>>>>>>>>> George A. Papandreou
What are you talking about? Where is the implication that they read zerohedge?
You're here and YOU don't read it... Ya might skim it.
?-??? was responding to a tweet from zerohedge, not the writings on this website.
If everything must be explained to you, this might be a bit advanced for you.
I suggest the zero hedge wading pool before you jump in the deep end, here.
Iceland has a really cold and deep ocean between them and the banksters. Greece is still connected to Europe.
I think a Russian naval port in Greece might solve this problem.
And that's the thing. The US and NATO rely on Greek bases to cover the eastern Med. I just wonder what Obozo is going to do to cover HIS ass.....
Doing an Iceland should be the default move, not the last move.
Greece can't do an "iceland".
Iceland was able to steal/"capital control" a ton of foreign cash. Cash they have yet to allow to leave.
It is doubtful there is any foreign cash to steal/"capital control" left in Greece.
Pulling an "iceland" needs to be done while there is still cash in a cash. Most money has left Greece already.
BTW, Iceland merely delayed its day of reckoning... To say Iceland is "fixed" is lunacy.
if every country manages to get out like Iceland, then what happens to the Lords.
http://just-a-thought-from-thinair.blogspot.com/
Hey Papa, where the fuck is Jon Corzine?
It is different this time, they added 1 person to their pension payroll.
exactly.
exactly.
This just in:
SOMEBODY DRIPPED SOME SCHNAUBLE ON MERKEL'S BLUE DRESS
We can't even know what the REAL results are or would be for a referendum. They lie. They confuse. That is the PLAN. http://www.thetruthaboutthelaw.com/they-promote-every-side-to-constantly...
"We had a deal Son, a good deal! I gave them your Sister, and all you had to do was scrub their toilets and wash their feet!"
LOL! Some Greek needs to throw Schnauble out of his wheel chair like Walter does in the Big Lebowski.
https://www.youtube.com/watch?v=d4VaY7xCmRE
Walter calls the old man a goldbricker - throws him out of the wheelchair saying he is a fake cripple.
All this Twickering is too awesome to put into words!
I can only pray that when the wheels come off the FEDs wagon we will be treated to some major league Twickering between the likes of Greenspan, Bernanke, and Lagarde over who fucked up the most.
Twickering? Is that the gurgle coming from their mouths when their throats are slit?
Twitter Bickering.
But yes, they can commence twickering later about their respective gurgling too, how it was undeserved. 'Cept Draghi will brush it off, "'Twas but a scratch."
ECB, give us one more chance to turn things around. /LOL
http://www.imf.org/external/mmedia/view.aspx?vid=4321428499001
Free Gary Gay Rice and new 7/11 gay pride cup slupee drink mix. Drinking a high protein chilled refreshment will have a whole new meaning.
Meanwhile in Tel Aivi...
Wow. That Pap really is a piece of work.
Haven't you heard it? Mind the GAP
Clearly demonstrates the hubris of the Elite. Rather than keeping a low profile the snake that is Papandreou cannot contain himself from taking a stance and siding with EU/Troika. Bearing in mind he was one of the main protagonists of Greece's current plight it beggars belief he has the temerity to voice an opinion.
My beef with Tsipras is that Papandreou is not in Jail or been under house arrest pending a thorough investigation of his treasonous term in office, not to mention the 550 million euro Swiss Bank A/c in his elderly mother's name.
I think I accidentally got some of my hubris on your dinner dress...
Not much to say:
Central Banking and their fiat money are the roots of all, *all* evils.
Oligarch, Corporate and Political (Gov included) special interests are the beasts.
Wanna kill the beasts by starvation? GET RID OF CENTRAL BANKING ALL OVER THE PLANET!
We should not just "audit" the central banks. That's ineffective.
We should ERASE central banking or, at least *outlaw* money creation by fiat.
go futher than that.
you need systemic overhaul.
paradigm shift.
evolution of thought.
i'll go even furtherer...
starve the MoneyChanger asholes by dumping all discretionary debt based currency for THE ONLY 2 FORMS OF REAL MONEY - GOLD AND SILVER...
it is just that simple if u want to be FREE..............
Honestly, I am not biased toward one or another type of money (bitcoin?). As long as it is FINITE, we can agree on that.
The essence is, we must impede money creation at will of centralized banking systems.
For sake of argument, assume a private banking system: if a bank issues money beyond its ability to repay, it will go bust taking down all its depositors. AND THAT'S JUST FINE!!
Yup, it needs to be finite, just like the productive efforts of the people it represents.
And that's why it isn't finite. Counterfeit allows them to capture production, to enslave.
To my knowledge.... there is no law that prevents private contracts and debts between private individuals or companies to be secured and/or paid using gold or silver or whatever is agreed upon.
Only Federal taxes and contracts require the use of FRN's.
Edit: Think about this next time you read they will go cashless.
Right. Such exchange, that does not involve money, is classified as barter.
Still, you have to assess the gain/losses in monetary terms from such exchange and include the amount in your tax filing. Exactly as it was an exchange for money.
Late P.S.
You can bet this Papandreou CUNT is still feasting from the Public Purse.
Five year revision. This is the latest 2010.
IMF Determines New Currency Weights for SDR Valuation Basket
I'm not on twitter myself but I do kind of love the fact that any random person can say this to a former PM:
Mr Klotsoulis @klotsoulis 3h3 hours ago
@GPapandreou ????? ??? ?????, ????????, ????????, ?????????????, ????????, ?????????? ?????, ????????, ???????.
rough translation: Shut up you bum, cocksucker, whore, dunce, shit animal, pre-cum, traitor, etc...
LOL
I feel he doesn't like Gpap
Good stick Tyler.
Whoever replaces Tsipras can learn from the example of Andreas and George Papandreou. Apparently the only way Andreas could be convinced to come quietly when the army came for him in 1967 was for the army to threaten to blow George's brains out if his father refused to face the consequences of trying to turn Greece into a communist state.
This time, lads? By all means make Alexis and Betty's surrender a condition of letting their brats live. Even if they keep their end of the bargain, under no circumstances should you keep yours. Shoot the little rotters in front of them. It'll be worth it just for the look on their faces---never mind removing any risk of the pups trying to avenge their sire and dam.
Treason is in their genes, and best removed from the Greek gene pool for good.
Fuck that Greek Twit.
- #moehowardcentralbank
Guys, you haven't figured out the situation yet. Greeks WANT to stay inside the euro-zone !! So, there are no other solutions; they MUST pay back their debt up to the last euro !! No more room for ignorance!!
Your ass is too big.
I can work with that ass.
Her belly will be bigger than her ass next year if I get my way with her...
so, how's the food fetish going?
there's
just something
about a
woman with
whipped cream
Where is Gust Avrakotos when we need him?
He's getting dignified up the ass by draghi
I can't help thinking that comparing this to Iceland isn't accurate. In Iceland, the government refused to bail out the bank on the shoulders of the populace. They didn't destroy confidence in the public sector - to the contrary, this decision should have been made by ALL sovereigns and we'd be through this mess by now.
Instead, this is the Greek public sector at stake. No one from anywhere, without an ulterior motive (read Russia/China) would lend the Greek public sector another dime ... EVER.
This is simply not the case in Iceland.
"What Greece now has is the opportunity to take a huge, and long overdue, amount of pain now and for the next few years, at which point it can truly flourish and recover, thanks to the Drachma finally allowing the long-overdue external rebalancing. Without this, Europe would be assured a slow, miserable, painful death, "but at least it would have had the euro."
To the Greeks: yes it will be a painful few years, but then the sustainable recovery will finally come. Look no further than Iceland as an example of a country that dared to say no to banker and oligarch interests."
very interesting
I read here this in a style I usually associate with an Austrian School approach, i.e. "take the pain now" wrapped around a... fundamentally Neo-Keynesian recipy: devalue your national fiat currency
so if the same situation was about gold instead of € ... ZH would give the advice of dropping a gold standard and go fiat, with great devaluation moves?
hmmm... confusion, confusion
Nice observation. You need to employ your Tyler Durden classification system to figure out which Tyler posted this. They are not all Austrians. You can usually ferret out which is which by these types of observations.
Either that, or the one is schizophrenic. ;-)
+1
If there was a gold standard and the currency was backed by real collateral not promises and whipsers, neither Greece nor the world would get to the point where there is $600 trillion in insurmountable debt.
Confusion? Only in your head.
Tyler, "insurmontable debt" is completely possible to achieve even with a gold standard, and it was often done, particularly by sovereigns. war, for example
further, gold standards are of various kinds, from fractional to full, as in the case of banking systems
frankly, your reply reads to me a bit like: "until Austrian advice is not followed in the case of currency and banking, we go on with the Neo-Keynesian advice... and advice to devalue the currency"
it might be only my solitary opinion that the more "orthodox" Austrian advice would be to default straight without putting a market-distorting currency devaluation in place
of course, it's difficult to expect from a radical left government to heed Austrian advice in the first place, so perhaps you meant it as "what is feasible, in the current situation"
as always, your fan. cheers, G.
Thx Zerohedge.
Where the credit portion of a debt has taken some amount of someone's life to create/save then there is a moral responsibility to pay the debt back and if you don't there should be severe repercussions.
Where the credit portion of a debt has been simply written into existence by a banker there is no moral responsibility to repay the debt, no proportion of anyone's life has been stolen by the refusal to repay. There should be no repercussions.
Or put another way. Under a full reserve banking system, refusal to repay a debt is theft of someone's work, of their very life. Under the current banking and monetary system refusing to pay a debt is the only sane thing to do.
The scumbags are running out of other scumbags that are trustworthy.
I wonder how can the Greek people take so much shit. It's been years now. Don't they realize what has been going on?
Yea, they do.
http://www.nationmultimedia.com/home/2010/06/21/opinion/Big-Fat-Greek-Sp...
They don't want to leave the Euro just like a teenager doesn't want to leave their parents house(free room and board). Just put it on our tab, we don't pay taxes anyway, suckers!