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Greek PM Who Was Fired For Referendum Bluff Tells Zero Hedge "It's Different This Time""

Tyler Durden's picture




 

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.

 

This was a level of hypocrisy we couldn't simply let slide, and so we inquired:

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:

 

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.

 

 

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Sat, 06/27/2015 - 12:50 | 6241611 Looney
Looney's picture

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

Sat, 06/27/2015 - 12:53 | 6241617 Chuck Knoblauch
Chuck Knoblauch's picture

The axe is thirsty.

Sat, 06/27/2015 - 12:56 | 6241631 ymom11
ymom11's picture

Greece needs to do an Iceland.

Sat, 06/27/2015 - 13:07 | 6241654 Bumpo
Bumpo's picture

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!

Sat, 06/27/2015 - 13:16 | 6241684 disabledvet
disabledvet's picture

START LICKING THE GERMAN BOOT GREECE!

Sat, 06/27/2015 - 13:28 | 6241710 NoDebt
NoDebt's picture

"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.

Sat, 06/27/2015 - 13:35 | 6241736 Haus-Targaryen
Haus-Targaryen's picture

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...

 

Sat, 06/27/2015 - 13:54 | 6241785 HowdyDoody
HowdyDoody's picture

Q: Why do politicians like Twitter?

A: They don't have to pay for a speech writer.

Sat, 06/27/2015 - 16:27 | 6242217 Berspankme
Berspankme's picture

Because most of them are twats?

Sat, 06/27/2015 - 23:15 | 6243303 SafelyGraze
SafelyGraze's picture

greferendum is spelled:

sigma tau alpha pi lambda epsilon gamma upsilon nu

 

Sat, 06/27/2015 - 14:39 | 6241925 jmcwala
jmcwala's picture

Link to Bild piece is good but who among us speaks German?

Sat, 06/27/2015 - 18:09 | 6242241 Bollixed
Bollixed's picture

Try Google Translate.

Sat, 06/27/2015 - 15:52 | 6242112 ThroxxOfVron
ThroxxOfVron's picture

"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.

Sat, 06/27/2015 - 16:34 | 6242238 yrad
yrad's picture

+1

Sat, 06/27/2015 - 17:20 | 6242347 Bangin7GramRocks
Bangin7GramRocks's picture

ZH name Ghordius!

Sat, 06/27/2015 - 19:15 | 6242723 The central planners
The central planners's picture

>>>>>>>>>>>  ZeroHedge

 

>>>>>>>>>> George A. Papandreou

Sat, 06/27/2015 - 21:06 | 6243008 stocker84
stocker84's picture

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. 

Sat, 06/27/2015 - 13:12 | 6241672 Freddie
Freddie's picture

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.

Sat, 06/27/2015 - 14:17 | 6241836 KnuckleDragger-X
KnuckleDragger-X's picture

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.....

Sat, 06/27/2015 - 13:44 | 6241762 RaceToTheBottom
RaceToTheBottom's picture

Doing an Iceland should be the default move, not the last move.

Sat, 06/27/2015 - 14:23 | 6241856 FlacoGee
FlacoGee's picture

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.

 

 

 

Sat, 06/27/2015 - 13:07 | 6241659 fromthinair
fromthinair's picture

 if every country manages to get out like Iceland, then what happens to the Lords. 

http://just-a-thought-from-thinair.blogspot.com/

Sat, 06/27/2015 - 16:42 | 6242258 yrad
yrad's picture

Hey Papa, where the fuck is Jon Corzine?

Sat, 06/27/2015 - 18:59 | 6242686 williambanzai7
williambanzai7's picture

Sat, 06/27/2015 - 12:53 | 6241619 nuubee
nuubee's picture

It is different this time, they added 1 person to their pension payroll.

Sat, 06/27/2015 - 13:19 | 6241691 disabledvet
disabledvet's picture

exactly.

Sat, 06/27/2015 - 13:19 | 6241692 disabledvet
disabledvet's picture

exactly.

Sat, 06/27/2015 - 12:55 | 6241630 Money Boo Boo
Money Boo Boo's picture

This just in:

 

SOMEBODY DRIPPED SOME SCHNAUBLE ON MERKEL'S BLUE DRESS

Sat, 06/27/2015 - 13:01 | 6241645 lawyer4anarchists
lawyer4anarchists's picture

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...

Sat, 06/27/2015 - 13:06 | 6241656 ebworthen
ebworthen's picture

"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!"

Sat, 06/27/2015 - 13:09 | 6241667 Freddie
Freddie's picture

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. 

Sat, 06/27/2015 - 13:12 | 6241671 gwar5
gwar5's picture

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.

Sat, 06/27/2015 - 13:46 | 6241765 usednabused
usednabused's picture

Twickering? Is that the gurgle coming from their mouths when their throats are slit?

Sat, 06/27/2015 - 16:19 | 6242193 gwar5
gwar5's picture

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."

Sat, 06/27/2015 - 13:12 | 6241677 Atomizer
Atomizer's picture

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. 

Sat, 06/27/2015 - 13:22 | 6241696 disabledvet
disabledvet's picture

Meanwhile in Tel Aivi...

Sat, 06/27/2015 - 13:13 | 6241679 holdbuysell
holdbuysell's picture

Wow. That Pap really is a piece of work.

Sat, 06/27/2015 - 13:37 | 6241743 forgotten in th...
forgotten in the South_born somewhere else's picture

Haven't you heard it? Mind the GAP

Sat, 06/27/2015 - 13:15 | 6241681 WTFUD
WTFUD's picture

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.

Sat, 06/27/2015 - 13:17 | 6241686 Incubus
Incubus's picture

I think I accidentally got some of my hubris on your dinner dress...

Sat, 06/27/2015 - 13:15 | 6241683 panem et circenses
panem et circenses's picture

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.

Sat, 06/27/2015 - 13:18 | 6241690 Incubus
Incubus's picture

go futher than that.

 

you need systemic overhaul.

 

paradigm shift.

 

evolution of thought.

Sat, 06/27/2015 - 13:24 | 6241700 Kaiser Sousa
Kaiser Sousa's picture

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..............

 

Sat, 06/27/2015 - 14:14 | 6241725 panem et circenses
panem et circenses's picture

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!!

 

Sat, 06/27/2015 - 14:34 | 6241910 holdbuysell
holdbuysell's picture

Yup, it needs to be finite, just like the productive efforts of the people it represents.

Sun, 06/28/2015 - 00:52 | 6243455 daveO
daveO's picture

And that's why it isn't finite. Counterfeit allows them to capture production, to enslave. 

Sat, 06/27/2015 - 14:37 | 6241914 rejected
rejected's picture

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.

Sun, 06/28/2015 - 01:04 | 6243468 panem et circenses
panem et circenses's picture

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.

Sat, 06/27/2015 - 13:17 | 6241688 WTFUD
WTFUD's picture

Late P.S.

You can bet this Papandreou CUNT is still feasting from the Public Purse.

Sat, 06/27/2015 - 13:23 | 6241698 Atomizer
Atomizer's picture

Five year revision. This is the latest 2010. 

IMF Determines New Currency Weights for SDR Valuation Basket

Sat, 06/27/2015 - 13:38 | 6241745 SISSYFUSS
SISSYFUSS's picture

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:

 

3h3 hours ago

????? ??? ?????, ????????, ????????, ?????????????, ????????, ?????????? ?????, ????????, ???????.

 

rough translation:  Shut up you bum, cocksucker, whore, dunce, shit animal, pre-cum, traitor, etc...

 

LOL

Sat, 06/27/2015 - 16:22 | 6242204 Berspankme
Berspankme's picture

I feel he doesn't like Gpap

Sat, 06/27/2015 - 13:41 | 6241756 bigkahuna
bigkahuna's picture

Good stick Tyler.

Sat, 06/27/2015 - 13:45 | 6241761 Niall Of The Ni...
Niall Of The Nine Hostages's picture

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.

Sat, 06/27/2015 - 13:50 | 6241776 Moe Howard
Moe Howard's picture

Fuck that Greek Twit.

 

- #moehowardcentralbank

Sat, 06/27/2015 - 13:51 | 6241778 MarxFelix
MarxFelix's picture

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!!

Sat, 06/27/2015 - 14:18 | 6241838 MsCreant
MsCreant's picture

Your ass is too big.

Sat, 06/27/2015 - 15:57 | 6242123 ThroxxOfVron
ThroxxOfVron's picture

I can work with that ass.

Her belly will be bigger than her ass next year if I get my way with her...

Sat, 06/27/2015 - 18:54 | 6242668 Incubus
Incubus's picture

so, how's the food fetish going?

 

there's

 

just something

 

about a

 

woman with

 

whipped cream

Sat, 06/27/2015 - 13:54 | 6241790 Iam Yue2
Iam Yue2's picture

Where is Gust Avrakotos when we need him?

Sat, 06/27/2015 - 16:20 | 6242196 Berspankme
Berspankme's picture

He's getting dignified up the ass by draghi

Sat, 06/27/2015 - 14:19 | 6241845 jimfcarroll
jimfcarroll's picture

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.

Sat, 06/27/2015 - 14:40 | 6241930 Ghordius
Ghordius's picture

"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

Sat, 06/27/2015 - 14:56 | 6241969 jimfcarroll
jimfcarroll's picture

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. ;-)

Mon, 06/29/2015 - 11:45 | 6249646 Ghordius
Ghordius's picture

+1

Sat, 06/27/2015 - 19:10 | 6242709 Tyler Durden
Tyler Durden's picture

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.

Mon, 06/29/2015 - 11:44 | 6249638 Ghordius
Ghordius's picture

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.

Sat, 06/27/2015 - 15:03 | 6241993 Ouagadoudou
Ouagadoudou's picture

Thx Zerohedge.

Sat, 06/27/2015 - 15:09 | 6242011 css1971
css1971's picture

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.

Sat, 06/27/2015 - 16:16 | 6242186 Temporalist
Temporalist's picture

The scumbags are running out of other scumbags that are trustworthy.

Sat, 06/27/2015 - 16:48 | 6242272 TNTARG
TNTARG's picture

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?

Sun, 06/28/2015 - 01:08 | 6243474 daveO
daveO's picture

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!

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