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EFSF Confirms Greek Bailout Expires Today
Despite rumors from The Time of Malta (seriously!!), Greece's largest creditor by far - the European Financial Stability Fund (EFSF) - has confirmed that "it's over":
- EFSF CONFIRMS GREECE FINL ASSIST PROGRAM EXPIRES TUESDAY
- EFSF: GREEK AID EXPIRATION MEANS LAST AID TRANCHE UNAVAILABLE
- EFSF SAYS REMAINING BANK-RECAPITALIZATION FUNDS TO BE CANCELED
So no extension, no suspension of referendum, and no talks until the referendum is over.
Via @SpiegelPeter,
The Eurogroup conference call has ended and Finland's Alex Stubb explains what they have...
#Eurogroups ends. Letter of @tsipras_eu includes three requests. Extension of programme or haircut not possible...cont...
— Alexander Stubb (@alexstubb) June 30, 2015
...request for ESM-programme is always dealt with through normal procedures.
— Alexander Stubb (@alexstubb) June 30, 2015
And the Happy Jack market does this...
Any rumors from now are simply both sides showing willingness to act in good faith since Merkel has already made it clear - NOTHING happens until after the referendum.
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BRICS bank is open.
Greece is not a member.
IMF must be very happy.
Lagarde – a douchebag with a Louis Vuitton bag. ;-)
Looney
I think they Stopped some folks
Good day to purchase some metals on that dip we had earlier.
Greece is not a member yet.
FIFY
More EU QE in 3...2...1..now
RIPS
What is the big fuss, it's a tiny country smaller then the size of florida, it's all priced in to the market...everything is priced in, it can only go higher once the banks open and capital controls are put in
Somebody posted on another thread something like this..."The credit markets are falling apart....Nobody can pay...and you have the stock market fine, gold and silver down, if you don't think this thing is rigged and propped to the hilt...you have a screw loose." I have to agree....It gets worse. I just went to Costco to grab some Ribeyes for the 4th...are you fucking kidding me? $60 for a pack of steaks? $140 for some King Crab legs. I buy organic to stay away from the pesticide shit...and even at Walmart (yes...I walked into Walmart...sorry) and 1/2 gallon of Organic milk is $4.50. The best bread "Daves Killer Bread" the bread "Not on Drugs" is $6 a loaf. I don't know how people do it. I guess you just eat the processed shit food. Not me. So...back to my point. My point is this. Shit is hitting the fan all over....inflation is here. The TRUE cost of REAL food is through the roof. And yet the markets are all fine...gold and silver surpressed...WHat the fuck? If you can't see the shit show rigged game right in front of you...wake up. I will close with a new promo video for Baltimore. Enjoy. It will make you smile...
https://www.youtube.com/watch?v=TepT0Ttwz7M&feature=youtu.be
Just start baking your own bread. You bang out a bunch while your Kitchen Aid is out. Put the dough, pre sized for loaves on a large baking sheet in balls in the freezer for a an hr or so, then plastic wrap the dough balls and keep them in the freezer. When you want one just take it out before you are going to bed and put it in a a nice sized greased bowl to defrostand rise while you are sleeping. When you wake up shape it into a loaf and let rise again for an hour + and then bake it.
For meat the nice work around in NY is to buy the animal alive from the farmer. Make sure that the farmer also offers butchering services. Once you own the live animal have the farmer butcher it for you for whatever fee he/she charges. You will save a bundle that way.
Also brewing your own beer is a must.
Superficial observers, not educated in Hellenic drama, may believe the Greek crisis is nearing a conclusion.
In reality, it is still early in its development. Tsipras has just led the chorus of Greek voters onto the stage.
The barbarians of Brussels, Berlin, and Frankfurt detest to share the stage with this group, are reacting violently and will soon be inflicting maximum suffering on the chorus.
There are many more acts to be presented before a denouement or katharsis.
I already deposited $100. Got a free toaster and some green stamps!
Market soaring on this news.
of course......
Coulda sworn the marble on the roulette wheel was about to hit my number. Never does.
Next will be the pleas for "humanitarian aid".
Agreed. I would be putting in the request right now if I was Tsipras.
Yeah like there is no life outside the eu . I don't see Russia asking for humatiarian aid.
I expect to see BONO in 3-2-1 seconds.....I bet that after this weekend they are short on food....
So Greece finally, at long last, defaults. Why am I left with this empty feeling of "it's not over yet"?
Because like the rest of us, you've been watching this saga drag on for years.
.
"it's over (again)" stocks exploding higher.
works every time.
Where is Ghordius and wolferl? Are they two sides of the same persona, like Gollum?
It's almost a shame Wolferl isn't here to enjoy this. For being a total prick, you have to admit, he knew how to stay "on message".
Ghordius is running around some cube farm in a windowless building in Brussels, printing out reports for his superiors right now, trying desperately to fix his once-glorious financial union. I will bet you 20 Euros he actually cried at some point in the last 48 hours.
"Here are your reports master. We must save the PRECIOUS"
Lol. I can see it. Doesn't he have a bit of a hunchback?
Yes, and European-quality dental work.
I believe that Wolferi was a paid agent of a Public Relations Corporation...perhaps even paid by the Government of Germany.
He disappeared as his job was finished.
Paid trolls inundate the Comments Sections of all major websites. Zerohedge should feel honored that it cost some corporation MONEY.
I hope that the entire European Union fractures and Germany collapses as a result thereof.
Man I just love the myopic.
The death and destruction of the fraudulent players in the corrupted system will bring joy to my heart.
They are so deserving of their fate.
Agreed. Wolferl was definitely sent by somebody to post that same line in every story about Greece. No doubt.
Whatever....let me know when the default is formally announced.
The default will not be televised (or announced) ever.
contrast the 2 charts beginning at 16:45 mark over 60 minutes (Comex Close)and tell me what do u c....
http://www.livecharts.co.uk/MarketCharts/dow.php
http://www.livecharts.co.uk/MarketCharts/silver.php
Fuck the European Stability Mechanism. All Greece has to do is crowdfund that shit.
That would have worked a lot better if YV hadn't instagram'd his lavish lifestyle.
"And the New York Times becomes a web page no one links to because they can't even afford the newspaper let alone the print."
Used to work for a newspaper once and saw it happen btw...wasn't for lack of trees either.
Felt bad for the guy who paid 70 million for it though...
https://www.youtube.com/watch?v=dsx2vdn7gpY
The EFSF is illegal to begin with.
The illegal we do right away. The Unconstitutional takes a little longer.
EFSF the bermuda triangle of make-believe
Well it looks like the afternoon hopium is fading.... Come join us for free at www.gunsgrubandgold.com Survival links, financials, etc. Everyone is welcome, and its free!!!!
3 minutes to midnight.
http://thebulletin.org/timeline
Nothing like seeing the 'Financial Stability' fund close up shop when the need for Stabilite' is needed the most.
http://www.timesofmalta.com/articles/view/20150630/local/greece-says-it-...
Greece says it is willing to suspend referendum - PM
Opposition behind government 100% - Opposition leader
Greece has told negotiators in the EU it would be willing to suspend the referendum if negotiations were reopened and there was an offer and agreement on required prior actions, Prime Minister Joseph Muscat said this evening.
In a statement to Parliament this evening, Dr Muscat said this could be a breakthrough, a game by Greece to gain more time or political posturing.
He said it was too early for the Maltese government to pronounce itself on the matter as events were still developing.
Opposition leader Simon Busuttil said the Opposition was fully behind the government, the European Council and the Finance Minister's Council in their declarations and decisions of the past two days.
"There is no difference between the government and the Opposition.... There is just one voice - the Maltese voice," Dr Busuttil said.
Can't you tell us something we did't know?
Something about Russian and Chinese participation
So it begins. The long, slow, agonizing slide into the land of unintended consequences.
This is far from over! Obama will send some humanitarian relief to prevent a global financial crisis. I was born here in NYC by immigrant parents from Greece.. The Greeks have the whole global system by the balls! WE all know the difference between GREECE and the USA is the printing machine that is creating money out of thin air called the federal reserve. Its sad what is happening in Greece but will be much worse when the Dollar collapses here in the Untied states. AKA= Detroit.. and what a promising city Detroit was.. China is kicking the shit out of the United states hoarding who knows how much gold? This is not looking good for all of us! There are too many DUMB MOTHER F**kers walking around here to fully understand what is happening. With the exception of Zerohedge and a few people. Greece is not playing ball with these banking cartels. We have been bought and payed by a long time ago here in THE USA. GOOD LUCK TO ALL OF US< The MONKEYS ARE RUNNING THE ZOO here.. BUY SILVER AND GOLD BEFORE ITS LATE..
I'm throwin this out there because I haven,t seen it yet.
Over the weekend the Greek military will take over the govt.
in a coup and then accept every little bit of the Troika's demands.
No more ridiculous than anything else I have read.