This page has been archived and commenting is disabled.

Defiant Tsipras Addresses Nation, Urges "No" Referendum Vote

Tyler Durden's picture




 

After a letter surfaced which shows Athens is ready to accept the latest proposal presented by the troika (i.e. the now expired offer from Brussels) in exchange for a third rescue package worth nearly €30 billion, Greek PM Alexis Tsipras was set to address the nation. As a reminder, a little before 5am CET, news hit that Tsipras was willing to concede to virtually all creditor demands, with a few exceptions.

There was some expectation that he would fold completely and call off the referendum. Precisely the opposite happened.

From Bloomberg:

Greek Prime Minister Alexis Tsipras called for voters to reject austerity measures in Sunday’s referendum to help end a standoff with creditors as the country gets a taste of financial meltdown.

 

It took a third day of capital controls, rationing pensions and the expiry of Greece’s bailout for the government in Athens to say it’s willing to accept his adversaries’ latest offer as a basis for compromise. The looming vote remains a stumbling block, along with disagreements over pensions, spending and taxes.

 

Come Monday, the Greek government will be at the negotiating table after the referendum, with better terms for the Greek people,” Tsipras said in a Twitter message posted as he spoke on national television. “A popular verdict is much stronger than the will of a government.”

 

The Greek premier spoke following a rhetorical exchange with his chief antagonists over a bid to revive negotiations. While Tsipras signaled he’s prepared to compromise on the starting point for talks, German Chancellor Angela Merkel, Europe’s dominant leader, refused to engage

 

Merkel and her finance minister, Wolfgang Schaeuble, burned by five months of brinkmanship, said there would be no talks on a new bailout until after the July 5 vote.

 

* * * 

 

“There can be no negotiations for a new credit program before the referendum,” the chancellor told lawmakers in a speech opening a parliamentary debate on Greece. The country has provided “no basis for talking about any serious measures” to break the deadlock, Schaeuble told reporters.

 

“The clock cannot be simply set back to where it was Friday night before Tsipras broke off the talks and called the referendum,” Holger Schmieding, an analyst at Berenberg Bank, wrote to clients. “A deal is still possible, but it would require more than just this letter.”

So did the bluffing Greek government take game theory too far? Or is this all part of the plan? At this point it is safe to say, nobody really knows what is going on.

* * *

Earlier:

Although the latest opinion polls show a narrow majority of Greeks would vote "no" in the referendum scheduled for this weekend, the bite of capital controls and threat of an imminent banking sector collapse have heaped pressure on the government which, as of midnight, became the first developed country to default to the IMF. 

  • TSIPRAS SAYS REFERENDUM NOT ABOUT EURO OR NOT EURO
  • TSIPRAS CALLS FOR `NO' VOTE IN JULY 5 REFERENDUM
  • GREECE RECEIVED BETTER PROPOSALS FOR DEBT AFTER REFERENDUM CALL
  • IF POSITIVE DEVELOPMENT IN EUROGROUP WE WILL RESPOND: TSIPRAS
  • TSIPRAS SAYS EUROPE SHOULD GIVE TIME AND SPACE TO GREEKS
  • TSIPRAS SAYS CREDITORS SHIFTED BLACKMAIL FROM GOVT TO CITIZENS
  • WE WILL RESUME TALKS ON MONDAY
  • IF EUROGROUP APPROVES DEAL WE’LL RESPOND ACCORDINGLY
  • REFERENDUM IS FOR THE A APPROVAL OR NOT OF DEAL
  • GOVERNMENT STILL WANTS DEAL WITH CREDITORS
  • REFERENDUM NOT FOR STAY OR NOT IN EURO
  • TSIPRAS SAYS GOVT FIGHTING TO PROTECT PEOPLE'S PENSIONS
  • TSIPRAS SAYS NO VOTE IS DECISIVE STEP TOWARD BETTER DEAL
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 07/01/2015 - 10:30 | 6258052 XAU XAG
XAU XAG's picture

Translation................please

Wed, 07/01/2015 - 10:32 | 6258059 Publicus
Publicus's picture

Europe is now forever the enemy of Greece.

Wed, 07/01/2015 - 10:33 | 6258069 Crtrvlt
Crtrvlt's picture

now?  

Wed, 07/01/2015 - 10:34 | 6258072 MillionDollarBonus_
MillionDollarBonus_'s picture

For goodness sake - just accept a deal already! This is madness! What Greece needs now is decisiveness and bold action. This is not the time for referendums - if Greece doesn't act now they risk complete disaster. Simply accepting the deal will give them the necessary funds to implement a modern socialist economy (based on the Scandanavian model) and start rebuilding the lives of their people. 

Wed, 07/01/2015 - 10:41 | 6258108 Stackers
Stackers's picture

What do Greece and drunk Russians have in common ?

Answer: https://www.youtube.com/watch?v=TJ0QmS6aSZ0

Wed, 07/01/2015 - 10:52 | 6258147 ThaBigPerm
Wed, 07/01/2015 - 10:55 | 6258150 y3maxx
y3maxx's picture

...Pick one... Juncker, Draghi or Lagarde will become an Archduke Ferdinand False Flag event beginning W W # 3.

Wed, 07/01/2015 - 10:59 | 6258178 SMG
SMG's picture

This is all theater.  The referendum will pass and Tsipras will resign.  So say the Banksters.

Wed, 07/01/2015 - 11:04 | 6258197 wiser
wiser's picture

Why did the ECB freeze its Emergency Liquidity Assistance (ELA) to Greece? The ECB will undoubtedly come up with all sorts of legal justifications. Whether true or not, this will not change the outcome.

If the ECB is truly legally bound to stop ELA, this means that the Eurozone architecture is deeply flawed.

  • If not, the ECB will have made a political decision of historical importance.

Either way, this is a disastrous step.

Whether it likes it or not, every central bank is a lender of last resort to commercial banks.

  • By not keeping the Greek banking system afloat, the ECB is failing on a core responsibility

http://www.voxeu.org/article/grexit-staggering-cost-central-bank-dependence

Wed, 07/01/2015 - 11:13 | 6258236 NoVa
NoVa's picture

If I owe someone $72,000 euros, I have a problem.

If I owe $72 BILLION Euros, you have a problem!

 

 

Wed, 07/01/2015 - 11:17 | 6258252 Dostojevskij
Dostojevskij's picture

this guy is doing the best he can to call in the

 

SNIPERS ON THE ROOOOOOOFS!!!!

Wed, 07/01/2015 - 11:35 | 6258334 Beam Me Up Scotty
Beam Me Up Scotty's picture

"If I owe $72 BILLION Euros, you have a problem"

 

How about 18 TRILLION???  And throw in a bunch more TRILLIONS that aren't even accounted for---unfunded "liabilities".

 

The Greeks should kidnap Warren Buffet and tell him they will let him live for 72 Billion.

Wed, 07/01/2015 - 12:33 | 6258568 NihilistZero
NihilistZero's picture

A third of that 18 trillion is treasuries the FED will hold until maturity, so it's really "only" 12 Trillion. As for unfunded liabilities, only a fool (or a Greek voter apparently) expects those benefits to be available. And unlike Greece we will bomb the shot out of anyone moving away from the dollar whose not a BRICS member. See, it's not so bad LOL!

Wed, 07/01/2015 - 13:44 | 6258851 Beam Me Up Scotty
Beam Me Up Scotty's picture

O boy.  The "we are borrowing from ourselves" argument.  Not sure if you are using the /s tag or not.  We should just borrow 100 Trillion from ourselves, think of the economic explosion we will have if we spent all that money----all of the JOBS!!  Thats about the same as the bank loaning the mortgagee the mortgage payment and letting them stay in the house.  Thats where Greece is today.  Can't make the mortgage payment, and they are begging the bank to make the mortgage payment for them.  Just add it onto the existing debt.....we'll pay it someday.

Wed, 07/01/2015 - 17:39 | 6259728 NihilistZero
NihilistZero's picture

I'm only half snarking.  Obviously the debt is a problem, but every time I here "The FED can't raise rates because the debt" I just like to remind everyone that as long as the FED has the ability to monetize they can manipulate interest rates without really changing the effective dollars paid.  Need the interest rate higher to pop a bubble or whatever?  Raise it and backdoor QE a higher percentage of treasuries whose interest payments you return to the Treasury anyway.  It's all fucking Monopoly money...

This world may yet implode, but I've seen nothing to convince me it will be because a paper promise on a promise on a promise was unsurprisingly not honored.

Wed, 07/01/2015 - 12:39 | 6258589 Fun Facts
Fun Facts's picture

“The Greek people are anarchic and difficult to tame. For this reason we must strike deep into their cultural roots: perhaps then we can force them to conform.

I mean, of course, to strike at their language, their religion, their cultural and historical reserves, so that we can neutralize their ability to develop, to distinguish themselves, or to prevail; thereby removing them as an obstacle to our strategically vital plans in the Balkans, the Mediterranean, and the Middle East.”

- Henry Kissinger, ZWO Mac Daddy 1974

Wed, 07/01/2015 - 12:44 | 6258615 ANestIOS
ANestIOS's picture

@wiser: Tsipras, Varoufakis and the whole greek government are astounded by exactly this 

Wed, 07/01/2015 - 11:28 | 6258308 Alok
Alok's picture

"What do Greece and drunk Russians have in common ?"

 

wrong...   here's the answer: http://cluborlov.blogspot.com.br/2015/06/the-care-and-feeding-of-financi...

Wed, 07/01/2015 - 10:41 | 6258109 HenryHall
HenryHall's picture

If accepting a deal means giving up the Iceland model then it is the wrong approach.

 

And, btw, don't say "Europe is now forever the enemy of Greece." Rather "Germany has always been an enemy of Greece."

Wed, 07/01/2015 - 10:44 | 6258111 TahoeBilly2012
TahoeBilly2012's picture

Anyone now get why people like Hitler came to power? This was the same shit the Germans were under after a war they never asked for, by a cabal who stabbed them in the back to get Israel. This shit makes me sick to watch. Same shit, new day.

Wed, 07/01/2015 - 11:03 | 6258191 BeaverCream
BeaverCream's picture

Then a whole bunch of folks got what they deserved.  And a whole bunch didn't.

Wed, 07/01/2015 - 12:03 | 6258463 Titus
Titus's picture

https://www.youtube.com/watch?v=szAuzBs86iI

"Our people had to suffer immensely due to the inflation, where millions of people were robbed of everything they worked for their entire lives." Adolf Hitler

Wed, 07/01/2015 - 12:36 | 6258577 jaxville
jaxville's picture

Titus....Thanks for posting that.  Made my day.

Wed, 07/01/2015 - 10:44 | 6258114 Lostinfortwalton
Lostinfortwalton's picture

The Scandinavians actually produce goods and services and have the tax thingy down pat.

Wed, 07/01/2015 - 10:55 | 6258159 Kirk2NCC1701
Kirk2NCC1701's picture

Plus they pump oil, not grow it.

Wed, 07/01/2015 - 12:48 | 6258629 seabiscuit
seabiscuit's picture

Richard Nixon always wanted a blowjob.

But he could never get it down Pat.

Wed, 07/01/2015 - 10:48 | 6258136 froze25
froze25's picture

They need to socialize their banking system, take it out of private banks and have it owned by the people the same as ours is supposed to be.  You (gov't) lends money, interest on lending pays for public programs (roads, power, water...).  The closest we have is the Bank of North Dakota (State owned Bank).

Wed, 07/01/2015 - 11:30 | 6258320 lehmen_sisters
lehmen_sisters's picture

There is nothing wrong with private banks, as long as the fed's stay out of the way and let them fail if they make bad decisions. For instance, having the fed's insure our deposits is a moral hazard because the bank will more than likely make bad decisions and not care about runs , since deposits are insured. Private markets always win,  if we would let them. 

Wed, 07/01/2015 - 12:51 | 6258639 Chris88
Chris88's picture

Amazing that four retards downvoted you.  This site is becoming more and more FSA with each passing moment.  Look at the clown above you calling for a nationalization of banks, cause somehow preventing price discovery won't lead to more massive economic disasters.  Thanks for speaking common sense.

Wed, 07/01/2015 - 13:11 | 6258716 BarkingCat
BarkingCat's picture

Paid trolls. Cheap ones too and not able to engauge in any real debate on these issues.

They are like those who watch MSNBC or some of the FOX shows. Waiting for the host to form their opinion for them.

Wed, 07/01/2015 - 13:16 | 6258733 MEFOBILLS
MEFOBILLS's picture

Chris88,

 

Please explain how extend and pretend will lead to good price discovery in the markets?  A new loan comes into being, then it blows through the greek economy without doing any transactions.  It then vectors straight away to pay off foreign bond holders.

The debt on the new bond, then is hooked on the entire population, putting them into austerity.  This austerity is a drain of existing Euro's, which then does what to prices?

 

Money does relate to prices, especially if money volume is in drain.

 

Debts external to the "market" that then drain purchasing power is somehow good price discovery?  

 

Wed, 07/01/2015 - 14:43 | 6259089 Chris88
Chris88's picture

Explain where I endorsed extend and pretend.  Nowhere, ever.  That's one helluva an imagination.

Wed, 07/01/2015 - 11:39 | 6258195 RealityCheque
RealityCheque's picture

Oh fake MDB, you are just a shadow of the god-troll who's name you have stolen.

You get my downvote because you need to try harder.

Wed, 07/01/2015 - 12:40 | 6258593 Antifaschistische
Antifaschistische's picture

rebuilding their lives.  :)   until, the new 30 Billion Euro credit card payment comes due.

I can't believe what we are hearing, that Tsipras was willing to accept the credit terms for another 30 Billion Euros!!   Seriously!!!   Unless it's a smoke screen to buy them time to play their exit...but, what have they been doing for the last 7 years!!   Just get out already.

Wed, 07/01/2015 - 13:07 | 6258690 Lea
Lea's picture

MillionDollarBonus_ says, "For goodness sake - just accept a deal already! This is madness! What Greece needs now is decisiveness and bold action. This is not the time for referendums - if Greece doesn't act now they risk complete disaster."

Let me break this down. "What Greece needs now is decisiveness and bold action". What else is she displaying? What you mean is, "What I implore Greece to do now is to submit totally to the troika".

"This is not the time for referendum". Fuck democracy, these people could actually vote to stand against my masters.

"if Greece doesn't act now they risk complete disaster". Translation, "If Greece doesn't fold now, the eurozone risks a complete disaster."

Fixed it for you.

Wed, 07/01/2015 - 10:34 | 6258071 semperfidelis
semperfidelis's picture

Bad theater. Kabuki. Plan accordingly

Wed, 07/01/2015 - 10:35 | 6258079 imbtween
imbtween's picture

Henry Kissinger 1974

“The Greek people are anarchic and difficult to tame. For this reason we must strike deep into their cultural roots: perhaps then we can force them to conform. I mean, of course, to strike at their language, their religion, their cultural and historical reserves, so that we can neutralize their ability to develop, to distinguish themselves, or to prevail; thereby removing them as an obstacle to our strategically vital plans in the Balkans, the Mediterranean, and the Middle East.”

Wed, 07/01/2015 - 10:43 | 6258113 Oh regional Indian
Oh regional Indian's picture

Quotes like this need preserving. Superb....bustards....

Very quote-y, this too...

https://aadivaahan.wordpress.com/2015/07/01/where-to-ok-actually-how-did...

Wed, 07/01/2015 - 10:47 | 6258130 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

One of many of Henry Kissinger's inhuman statements.

Wed, 07/01/2015 - 10:54 | 6258152 hedgeless_horseman
hedgeless_horseman's picture

 

 

He had me at anarchic and difficult to tame.

Wed, 07/01/2015 - 11:04 | 6258198 Kirk2NCC1701
Kirk2NCC1701's picture

Nothing new or original there, Henry.  That is the same M.O. that the Kabal has been using for 200 years in every country that provides them a home or a toehold.

Invasive Species is as Invasive Species does.  If the Native Species cannot adapt, they are "Darwinian toast".

Kirk out. 

Wed, 07/01/2015 - 23:44 | 6260956 StychoKiller
StychoKiller's picture

Ya shoulda flushed the cargo hold after toting dem Debian Slime Devils!

Wed, 07/01/2015 - 11:35 | 6258336 Tinky
Tinky's picture

Happy to pile on with my long-standing favorite quote from that criminal:

 

The report’s damning conclusions continued: Had the U.S. not encouraged the Kurds to go along with the Shah and renew hostilities with Iraq, “the Kurds might have reached an accommodation with [Iraq’s] central government, thus gaining at least a measure of autonomy while avoiding further bloodshed. Instead the Kurds fought on, sustaining thousands of casualties and 200,000 refugees.”

One of the officials who testified before the committee in secret session was Henry Kissinger. When questioned by an appalled congressman about the U.S.’s decision to abandon the Kurds to their bloody fate, Kissinger chided the committee, “One should not confuse undercover action with social work.”

Wed, 07/01/2015 - 11:38 | 6258357 JerseyJoe
JerseyJoe's picture

I was stunned at the quote - if for no other reason, who would say this publicly?  

This quote on Prisoner Planet gave rise to this post:

Indeed...if it's legit.

I just did some searching and found an interesting blog article by a guy named Nick Sarantakos (or perhaps Nikos Sarandakos?), who supposedly is a translator for the European Parliament. Here's a link to his article, titled "The myth of the statement by Kissinger", which he wrote back in November 2009:

In Greek: http://sarantakos.wordpress.com/2009/11/12/kisinger1/

Translated into English: http://translate.google.com/translate?hl=en&sl=el&u=http://sarantakos.wordpress.com/2009/11/12/kisinger1/&ei=0IPXS4fWIpDUtgO8u6iYBg&sa=X&oi=translate&ct=result&resnum=1&ved=0CAgQ7gEwAA&prev=/search%3Fq%3Dhttp://sarantakos.wordpress.com/2009/11/12/kisinger1/%26hl%3Den

Mr. Sarantakos explains here that the quote in question first appeared in Greece in 1987 in a newspaper editorial written by some nationalist lawyer, and it then got a wider audience in 1997 in a monthly magazine that is published by Liana Kanneli, journalist and later Communist Party MP. When asked for proof of the quote, Kanelli said she got it from "Turkish Daily News", but couldn't provide proof because the issue had supposedly disappeared, both the print and electronic versions. Then supposedly, another journalist found the Turkish Daily News issue in question, and there was no such quote. This journalist then supposedly contacted Kissinger, who replied with the following (there's a photo of this letter at Sarantakos' site):

Quote

http://static.infowars.com/ppcomforum/Themes/default/images/theme/quote....); background-color: #d7daec; border-top-width: 2px; border-top-style: solid; border-top-color: #9999aa; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #9999aa; padding: 1.1em 1.4em; margin: 0.1em 0px 0.3em; overflow: auto; background-position: 0.1em 0.1em; background-repeat: no-repeat no-repeat;">Dear Mr Marinos

Thank you for your letter. As to the quote, there was no award ceremony, there was no speech and the alleged quote is entirely untrue. The whole thing is pure invention, and I expect you to correct it.

Since you are the first to tell me where the quote came from, I have only today had the opportunity to correct it in the Turkish Daily News and I have done so.

Sincerely yours,
Henry A. Kissinger

  
So, I doubt the Kissinger quote is real, but who knows really. If the proof exists, it's nowhere to be found.

Wed, 07/01/2015 - 13:10 | 6258712 Fod
Fod's picture

Having read the Greek articles concerning this, I can say that it seems to be pretty iffy for this to have been a true quote, at least based on the evidence presented. My 2 cents.

Wed, 07/01/2015 - 10:32 | 6258061 Fun Facts
Fun Facts's picture

No one knows for sure what's going to happen.

Wed, 07/01/2015 - 10:33 | 6258068 USisCorrupt
USisCorrupt's picture

PLEASE LET IT ALL END & do away with the current monetary system.

 

Free the SLAVES!

Wed, 07/01/2015 - 12:13 | 6258497 joseJimenez
joseJimenez's picture

WHAT!  Are you crazy!!!  How are the elites going to pass their time?  You are cruel!

 

Adopt an elite today.  Be kind to them and euthanize at the earliest convenience 

Wed, 07/01/2015 - 10:37 | 6258084 XAU XAG
XAU XAG's picture

With the little Greek I know

 

I think he said Greece will swawp some of  thier Gold for Silver and issue Silver coinage as the new currency.

Wed, 07/01/2015 - 10:58 | 6258172 Matthew John
Matthew John's picture

They should:

  • 1. default
  • 2. Leave the EU (declare themselves a sovereign country)
  • 3. Elect someone who will balance the budget going forward.
  • 4. Adopt a gold-backed drachma as currency

    Capital formation would begin, Greece would thrive.

Wed, 07/01/2015 - 11:09 | 6258217 Terminus C
Terminus C's picture

#4 Gold backed currency.

While that would be a good idea in a world where nations could do what they needed to do for their own interest, this could not work today.  If you think the TPTB would let Greece create a free, gold backed currency without wiping them out, I have ocean front property to sell you in North Dakota. 

 

Wed, 07/01/2015 - 11:29 | 6258316 large_wooden_badger
large_wooden_badger's picture

Items 1 through 3 on your list are entirely plausible.

Item 4 recently didn't work so well for Libya and Khaddafi. Only Russia and China will be allowed to have a gold-backed currency in our lifetime, and only because the central banksters don't have a way of stopping them... yet?

Wed, 07/01/2015 - 12:35 | 6258572 Chris88
Chris88's picture

Why would an out of control, overgrown welfare state adopt a gold backed currency?  They want to eventually leave the EU so they can print drachmas like toilet paper (which will be more valuable) and give them to the Free Shit Army.  Somehow it'll all be Germany's fault when hyperinflation comes.  That country will NOT cut government, they are a perfect example of what happens when society becomes totally reliant on government.

Wed, 07/01/2015 - 11:22 | 6258275 AE911Truth
AE911Truth's picture

" Greece will swawp some of  thier Gold for Silver and issue Silver coinage as the new currency."

 

That would be an excellent move. By weight they get 60 times more coinage, and blow up the Silver Shorts, appreciating the value of their new coins.

 

Wed, 07/01/2015 - 10:41 | 6258105 HonkyShogun
HonkyShogun's picture

"Plausible deniability"

Wed, 07/01/2015 - 10:52 | 6258142 Ouagadoudou
Ouagadoudou's picture

Means still negotiating hard ! Now it's about the actual content of the deal ....

Wed, 07/01/2015 - 10:32 | 6258063 wendigo
wendigo's picture

Well I think they should add 3G and USB. 

Wed, 07/01/2015 - 10:35 | 6258076 RogerMud
RogerMud's picture

firewire!

Wed, 07/01/2015 - 10:36 | 6258083 lehmen_sisters
lehmen_sisters's picture

Definately, along with wing tips and a satchel.

Wed, 07/01/2015 - 10:35 | 6258065 One And Only
One And Only's picture

Ok. I'm confused now. Schaeueble says referendum meaningless because proposal has expired and says no more talks until referendum he previously says is moot. Greece still having referendum on something that doesn't exist. Game theory gone wrong.

Wed, 07/01/2015 - 11:59 | 6258445 escapeefromOZ
escapeefromOZ's picture

I think Schuable is a wanker that doen't like people referendum . A no vote will give more confidence to Tzipras and his stance on this disaster caused by the idiots of the EU . I hope Tzipras takes Greece out of the EU And NATO . A no refrendum will demonstrate that finally the Greek people understand the problem . 

Stay in the EU and be slaves of the banksters forever or return to the drachma and make new friends East of the EU and have no debts . 

It's better to be poor than slaves of the criminals in the EU

Wed, 07/01/2015 - 10:33 | 6258067 Kina
Kina's picture

Nothing changes

Wed, 07/01/2015 - 10:33 | 6258070 asteroids
asteroids's picture

Dear Alexis: Shut the fuck up and let the people vote.

Wed, 07/01/2015 - 10:34 | 6258073 Last of the Mid...
Last of the Middle Class's picture

me thinks EU is negotiating but refuses to admit it. Classic recipe for disaster.

Wed, 07/01/2015 - 10:37 | 6258087 Billy Sol Estes
Billy Sol Estes's picture

At least watching the EuroParl live feeds had translaters.

Wed, 07/01/2015 - 10:38 | 6258095 lehmen_sisters
lehmen_sisters's picture

This could have all been prevented by not spending money you don't have and making your country more free economically. What a novel idea eh?

Wed, 07/01/2015 - 11:29 | 6258314 AE911Truth
AE911Truth's picture

Re, ALL legal tender today is debt with interest due; interest which does not exist, so can not be paid. Got it?

Eventually, everybody loses to this black hole. Just some before others, but eventually, everyone.

 

Wed, 07/01/2015 - 11:53 | 6258424 bbq on whitehou...
bbq on whitehouse lawn's picture

Thats only if there is a baseline to devalue against, without a baseline like a commodity standard there can be no legal accounting of things.
Its difficult to measure a rope when you control the means to measure it.

Wed, 07/01/2015 - 11:57 | 6258439 cheech_wizard
cheech_wizard's picture

Oh wait, you are talking about Greece... 

Wed, 07/01/2015 - 10:40 | 6258100 SpanishGoop
SpanishGoop's picture

Tsipras "F*ck you Europe"

EUR reaction....bullish.

 

Wed, 07/01/2015 - 10:41 | 6258101 M.B. Drapier
M.B. Drapier's picture

Tyler, can we have the deer-in-headlights GIF? I don't think it's ever been more appropriate. Granted, a weasel-in-headlights GIF would apparently be even more appropriate here...

Wed, 07/01/2015 - 10:41 | 6258104 Iam Yue2
Iam Yue2's picture

"I tell you this, early this morning I have signed my death warrant”

Wed, 07/01/2015 - 11:31 | 6258325 large_wooden_badger
large_wooden_badger's picture

~ Michael Collins

Wed, 07/01/2015 - 10:41 | 6258106 geno-econ
geno-econ's picture

Tsipras is Toast. Referendum "yes" vote is assured with austerity impact further enslaving Greeks. Lesson---Live within your means or suffer the consequences.

Wed, 07/01/2015 - 10:44 | 6258118 HenryHall
HenryHall's picture

Yes referendum. No referendum. Withdrawn referendum.

Tsipras is toast regardless, unless Syriza makes an eleventh hour deal with KKE.

Wed, 07/01/2015 - 10:46 | 6258126 f16hoser
f16hoser's picture

Tsipras you Dumb Fucker... ICELAND / ICELAND / ICELAND. What part of that do you not understand?

Drachma / Drachma / Drachma. What part of that do you not understand?

Are you seriously considering going deeper into debt to pay-off debt?

It's time to hang Central Bankers from the Light Post. All over the world!

Wed, 07/01/2015 - 10:52 | 6258146 froze25
froze25's picture

+10, you nailed it.

Wed, 07/01/2015 - 10:53 | 6258148 youngman
youngman's picture

He wants all the old debt to go away....then he wants the EU to give them more money to pay for his Socialist paradice....they dont pay taxes..they steal...and they dont want to work...sorry..not a good business plan...I think they cant survive a month without food and gas...and yes banks.....going to get pretty lean in Greece....but that is the Socialist way....the Iron Ladys famous quote....

Wed, 07/01/2015 - 11:10 | 6258219 Bemused Observer
Bemused Observer's picture

The euro has been around about 20 years or so. Greece as a nation predates Europe. They were running a complex society while LaGarde's ancestors were fingerpainting on the walls of caves.

For an idea of how Greece, and those other 'deadbeat countries' would do without the euro, just look at how they were doing BEFORE the euro.

And fuck that "Iron Lady"...The corporate-fascists run out of 'other people's money' just as quick as the socialists do.

Wed, 07/01/2015 - 12:04 | 6258469 Joebloinvestor
Joebloinvestor's picture

That would involve Greeks prosecuting other Greeks, something that doesn't happen.

Wed, 07/01/2015 - 10:50 | 6258135 carlnpa
carlnpa's picture

Decentralize control of agricultural production so that the people do not starve, and cannot be blackmailed.

IMF requires governments NOT subsidize agricultural production, so agriculture specializes and moves out of country.

This scenario has been repeated in every country with IMF loans.

The means of agricultural production has been stolen from the people, by IMF design.

Agricultural production is the root of economic control over the people.  Do as IMF says or starve.

Every country that accepted IMF money went from food security to food insecurity.

Wed, 07/01/2015 - 10:55 | 6258155 Bemused Observer
Bemused Observer's picture

ALL needs should be taken control of by Greece, immediately. No Greek should be in fear of being thrown out into the street, starving, or going without medical care. ALL of those things should be taken off the table, right now.

The Troika should be negotiating about MONEY, pure and simple. That money should NOT be tied to the very lives of the Greek citizens. Either the lenders will get their money back, or they won't. But they should NOT hold the power of life or death over the heads of the population of a nation.

Whatever they decide, it should be a freely-made decision, based on sound economics. NOT on fear of death.

Wed, 07/01/2015 - 11:14 | 6258239 Sivad UK
Sivad UK's picture

Those things are only on the table in the pressure cooker of the negotiating process. Everyone in Europe knows they will not allow widows and orphans to starve or go without medicine. The rest is scaremongery. 

The EU sent 96 Billion overseas in aid last year - they ain't gonna let Grandma Hypatia starve or miss her pills. This is all posturing...

 

 

Wed, 07/01/2015 - 10:50 | 6258139 magnumpk
magnumpk's picture

My take - the two sides are not far apart, but rather than cut a deal and lose face, they call for a referendum to lay the decision off on the citizens.  The Greek govt knows it needs a Yes, and they'll probably get it from the Greek people who appear to favor the Euro.  Throw in capital controls, cash withdrawal limits to scare people even further toward a Yes.  Then its, "well, we wanted a No vote, but YOU said Yes, so it's all good and we should get to stay in power." 

Wed, 07/01/2015 - 11:14 | 6258245 Hongcha
Hongcha's picture

Hendrix; yes.

Wed, 07/01/2015 - 11:20 | 6258270 jusman
jusman's picture

I watched his speech (and understood with the vocabulary of a 6 year old).  He was suggesting voting NO, but qualifying this by saying that a NO vote was no to the current offer on - or rather - just taken off the table, but not NO to continuing to negotiate nor to staying in the Euro.  It appeared that the call for a referendum may have softened the Troika's stance a bit - so perhaps it is all can kicking in the end, and a NO is vote to continue negotiating for a better deal, not to leave the Eurozone.

Wed, 07/01/2015 - 10:52 | 6258143 BeaverCream
BeaverCream's picture

Those blonde reporters tho.

Wed, 07/01/2015 - 10:53 | 6258149 xray vision
xray vision's picture

I'm sorry, I can't keep up.

What does a NO vote mean?

Wed, 07/01/2015 - 10:56 | 6258164 BeaverCream
BeaverCream's picture

No one knows it's like that movie Prometheus, it's all just shit that gets put together in a sequence to make people think they watched a movie.

Wed, 07/01/2015 - 10:58 | 6258171 jose.six.pack
jose.six.pack's picture

+1... I thought I watched a movie ineed

Wed, 07/01/2015 - 11:08 | 6258208 chrsn
chrsn's picture

They may not be sure what they saw, but they know it sucked.

Wed, 07/01/2015 - 11:39 | 6258364 f16hoser
f16hoser's picture

I finally watched "Interstellar" the other day. I had headache for 2 hours afterwords. Weird...

Wed, 07/01/2015 - 11:00 | 6258180 One And Only
One And Only's picture

Snap elections, new referendum, more negotiating.

Wed, 07/01/2015 - 10:56 | 6258165 inevitablecollapse
inevitablecollapse's picture

what in the fuck is going on?  so, i thought they accepted a proposal / deal to kick the can.  if that were the case, there would be no need for a referendum.  of course, i'm a dense, mouth-breather from flyover country so that could explain why i can't keep up.  

Wed, 07/01/2015 - 11:02 | 6258192 21centurydragon...
21centurydragonslayer's picture

Are 'No" and "Blackmail" not in the algo vocabulary? 

Defiant Tsipras Addresses Nation, Calls For "No" Referendum Vote - Live Webcast

BREAKING: Greek Prime Minister says - Bank deposits will not be lost in the face of blackmail.

Wed, 07/01/2015 - 11:06 | 6258193 john_connor
john_connor's picture

This is very simply about establishing a precedent that a group of unelected technocrats and bankers can or can not force a country to abandon its social safety net (i.e. pensions) via extortion and blackmail.

 

If they succeed in Greece, they will be emboldened to replicate everywhere.  That's not to say they won't try in other countries if they fail in Greece.

 

The code phrase for this is "pro growth reforms".

Wed, 07/01/2015 - 12:47 | 6258625 Joebloinvestor
Joebloinvestor's picture

Pensions are not a "safety net" when they weren't earned.

Everyone would be a lot worse off if bankers were elected.

Wed, 07/01/2015 - 11:04 | 6258196 BeaverCream
BeaverCream's picture

Can't be that bad, there are still car commercials playing on the live feed.

Wed, 07/01/2015 - 11:07 | 6258205 Salzburg1756
Salzburg1756's picture

Vote for me. I'll suck your dick. Then I'll suck their dick. Then I'll suck your dick. Woopee! I'm in power.

Wed, 07/01/2015 - 11:24 | 6258288 Rumple4skin
Rumple4skin's picture

You certainly know your politics, Dude!

Wed, 07/01/2015 - 11:43 | 6258392 BeaverCream
BeaverCream's picture

Stay away from me with that breath tho.

Wed, 07/01/2015 - 11:11 | 6258228 SystemOfaDrown
SystemOfaDrown's picture

Just blown away and quite amazed how Central and World Banks wield such great authority pushing Nation govenrments around like so much as pawns on a chess board. Lets face it, Banksters spent a lot of energy past two centuries building their power over Western civilization they are not going to give up their control so easily.

Wed, 07/01/2015 - 11:11 | 6258231 mastersnark
mastersnark's picture

I'm losing track: are we mad "they" want Greece to pay back money it borrowed, or that "they" won't loan more money to Greece after it hasn't paid back what it borrowed?

Wed, 07/01/2015 - 12:00 | 6258393 AE911Truth
AE911Truth's picture

You have not been paying attention.

What bankers have done is they hijacked progress right at the turn of the century when oil was becoming the dominant energy source. As a result instead of letting producers of goods and providers of service enjoy unbelievable deflation and 100x rise in the purchasing power due to oil doing all the heavy lifting, they tricked everyone who's not yet been exposed to exponential productivity growth to accept the mandate of price stability. So, while everyone else stayed pretty much the same place they were back when horses pulled buggies around, a selected group of people in charge of money and credit became wealthier than all of the other people combined while doing no productive work whatsoever.

 

And with threats, bribery, blackmail and murder, they forced us to continue using expensive carbon based energy, withholding cheaper carbon free energy sources. Why? To make them rich, and to make us poor. It's all about control. 

 

http://www.checktheevidence.co.uk/cms/index.php?option=com_content&task=view&id=182&Itemid=60

 

Wed, 07/01/2015 - 13:25 | 6258771 mastersnark
mastersnark's picture

So...you have no idea either?

Wed, 07/01/2015 - 11:12 | 6258234 22winmag
22winmag's picture

Snipes: We're safe around here.

 

Connery: You call this safe?

 

Snipes: Rough neighborhoods may be Greece's last advantage.

 

Sorry, I had to.

Wed, 07/01/2015 - 11:20 | 6258269 Anunnaki
Anunnaki's picture

This shit is giving me a Migraine
Did they default or not?

Wed, 07/01/2015 - 11:25 | 6258294 Catalonia
Catalonia's picture

I wouldn't be surprised if Putin/Brics actually asked for this referendum before providing any help to Greece. Snap referendum like in Crimea

Wed, 07/01/2015 - 11:29 | 6258315 Batman11
Batman11's picture

There is the media coverage.

Here is Varoufakis when he could talk openly back in 2012.

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

He doesn't want bailout money to repay Greeek creditors.

He acknowledges Greece is bankrupt.

He is ready to default.

 

Wed, 07/01/2015 - 11:37 | 6258355 Tinky
Tinky's picture

That was then, this is now. 

Sure, he's smart, and would like to do the right thing. But the pressure on him to do otherwise must be enormous.

Wed, 07/01/2015 - 11:30 | 6258323 Guentzburgh
Guentzburgh's picture

Propaganda rumours of lies aiming to destabbilize the hit on the Euro and EU securities.

Wed, 07/01/2015 - 11:35 | 6258337 Byte Me
Byte Me's picture

I was going to ask if Tsiprash was BIPOLAR. But that might be considered as being cheecky..

I think I understand now, Tsiprash is just doing what a whorepol does (maybe the bipolar handle fits the FinMin that the Troika luv so muuch) and is telling all sides what they want to hear....

Obviously, this is a smash with the Overlords.

Wed, 07/01/2015 - 11:42 | 6258378 Tarshatha
Tarshatha's picture

More leader like this are needed, fuck the parasitic banks.

Wed, 07/01/2015 - 12:07 | 6258482 JamaicaJim
JamaicaJim's picture

This guys security ought to be tightened.....Dealy Plaza

Wed, 07/01/2015 - 11:45 | 6258398 smacker
smacker's picture

Chill out guys, it's simple:

It doesn't matter whether the Greek people vote Yes or No because the actual question hasn't been decided yet and won't appear on the ballot paper. When Germany and the Troika have worked out how much they will hand over to Greece and decided when it won't be paid, Tsipras can decide what the referendum question won't be.

By this time the people will have voted and given the correct answer, even though the ballot paper will be blank. This is not important because the correct question can easily be entered against that answer in the voting results.

It's called "how to get the answer you want."

Everybody will be happy and the can can be kicked.

Wed, 07/01/2015 - 11:54 | 6258423 ThisIsBob
ThisIsBob's picture

Tsipras  knows this is all about bankers who would shoot their mothers to avoid booking the losses.  Ha may have them by the short hairs.

Wed, 07/01/2015 - 11:55 | 6258435 dag
dag's picture

The Greek government is a nasty piece of shit.

 

Wed, 07/01/2015 - 12:04 | 6258468 cheech_wizard
cheech_wizard's picture

The <fill in the blank> government is a nasty piece of shit... (there, fixed it for you)

Your choices:

A) United States

 

Wed, 07/01/2015 - 12:33 | 6258567 newsoutlet
newsoutlet's picture

Russia

Wed, 07/01/2015 - 12:06 | 6258456 Guentzburgh
Guentzburgh's picture

Tsipras is a great guy, the truth is that Greece will slide to anarchy if debt is not restructured and foolish German fetish economics recipes for Greece are not stopped .

 

I cannot think why any rational person will critisize Greece?

Sure they owe money, but Germany owes even more to Greece , fundamentally some are picking on a small helpless country.

Sure it is corrupt but who made it that way? Siemens and the German government as a means of keeping hold of the govt.

 

OK , the only reason to be against Greece here is to help break the euro, which is a noble cause , I admit, there is money to be made for me and others ... but at the same time the german's dumb arrogance, fetish economics, assinine strictness to a losing cause are so repugnannt, Germany is historically tied to these most odious traits, it just seems nothing changes

Wed, 07/01/2015 - 13:43 | 6258837 Hope Copy
Hope Copy's picture

Greece is now a EU fascist state.  NO TURK-STREAM..  ONLY AMERICAN LNG..  can you say $500 per cubic thou. meter..  LoL  How the funny money world is running.

 

And the Russians can take it as they know what is up.

Wed, 07/01/2015 - 12:04 | 6258466 mog
mog's picture
Defiant Tsipras Addresses Nation, Urges "No" Referendum Vote

I am beginning to think, as we watch Tsipras, that we could be watching a latter day Winston Churchill.

Someone who has the guts to stand up to the maraudering Germans.

The Fourth Reich.

Banks not Tanks.

Inflicting the grossest misery on the people of southern Europe for their own profit and power.

They destroyed Greece in the second world war - massacring tens of thousands.

They have never paid proper reparations to the Greek people.

And have no intention of doing so.

They owe the Greeks billions.

For the third time in a hundred years the Germans are intent on taking over Europe - complete domination.

For a third time they need cutting down.

Wed, 07/01/2015 - 12:06 | 6258476 JamaicaJim
JamaicaJim's picture

I love this Kabuki shit....let the BULLSHIT STADIUM RUNNETH OVER MOTHERFUCKERS....

Here..watching tits and ass on the beach, in the tropics....

Wed, 07/01/2015 - 12:16 | 6258508 scatha
scatha's picture

One must ask himself/herself why this turmoil and chaos now?

Syriza got nothing from fascist troika over these last 5 months. Nothing at all. So why they waited all this time and squandered $7 billion surplus and reserves, money that could have been used for transition and negotiation leverage but instead was used to pay this odious debt.

The same fight, could have been fought in February from much stronger position without this turmoil. Why it wasn’t? Why banks were not nationalized on Monday as it was in England in 2008 for Christ sake? Who’s interest was to weaken Syriza’s support among suffering population?

What Syriza accomplished so far is to undermine European leftist movements while it is not itself true leftist at all. It is a party of those former worshipers of EU with cushy jobs that have been pushed away from the trough, rejected by fascist EU pals in their quest for gluttony and left behind to rot.

It is beggars party having nothing to do with true left like Greek communists that spilled blood for national independence and justice in Greece in 1948.

In this context there is nothing curious about all those inexplicable, strange or just stupid and naïve adolescent moves that deny what actually is going on namely steady progress of fascism in Europe and vicious class war with thousands of dead victims of economic extermination. Just consider Greek GDP dropped 25% over last several years, economic effect liken to ongoing hot war, where bombs are falling from the sky.

So far, they are dropping so called metaphorical “neutron bombs” of mass destruction that kill slowly one by one, quietly disappearing form this world without immediate visible damage and producing tens of thousands economic refugees fleeing Greek war zone, a war crime in itself.

I stopped to listen to Syriza academic tautologies months ago. They think They stick to their guns but in fact they are giving circus away inch-by-inch everyday. This is insult to intelligence to believe that it is going somewhere. It is clear dead end.

The last five months Syriza behaved as controlled opposition steered from Soros headquarters and Broookings institution under quiet acceptance of ECB enthusiast of Greek tragedy.

Five months and Syriza government did not even established itself at all.

The facts.

1. Government has no control over third biggest Army in EU, biggest Army per capita, no military cuts whatsoever, they even buying useless shit from US as we speak.

2. Government has no control over police, no cuts in pay or benefits no prosecution of rampant civil right violations by police against leftist parties and groups.

3. Government has no control over prosecutors and judges, only ONE investigation, related to theft of national treasure, of people connected to oligarchs and foreign banks was open while Syriza members made over thousand requests for investigations.

4. Government has no control over banks. It’s obvious because of ECB but Syriza members requested thousands of reports on banking activities or requests to stop oligarch from repatriating their stolen wealth abroad, no response.

5. Government has stolen retirement money and practically reneg on immediate election promises regarding increase of employment, while paying off so far troika gangsters against their own stated policies and election promises.

6. Government did not nationalized state assets sold to foreign investors for peanuts as declared in  their own stated policies that obtained parliament vote of confidence.

7. Government did not use Russia leverage in NATO context and did not warm up frozen relationship with Turkey as extremely strong bargaining chip in current geopolitical situation potentially weakening of NATO southern flank.

I stop here but it’s no all.

The Syriza violated their own manifesto hundreds of times during last 5 month proving that it is a fake political entity negotiating cash deal for their own leaders while collapsing their own country.

It’s pure political theater for “benefit” of raped Greek peasants.

As I said before on ZH no Greek blood on the street no revolution against EU totalitarianism disguised as brotherly love.

 

There is no dancing around the facts or adopting ostrich politics. If you are not a fake Mr.Tsipras, manup. Prove me wrong.

Wed, 07/01/2015 - 12:16 | 6258510 MEFOBILLS
MEFOBILLS's picture

Since Hudson is advising the Greek government, perhaps to get insights into Greek strategy, one should listen:

 The basic idea is to have a vote, whereby the government has a mandate.  There was no mandate before.

 

Also, paying back creditors at 30% reduction is reasonable given the fraud by which the Credit money came into being.

 

-----------------

 

http://michael-hudson.com/2015/06/resisting-financial-conquest/

 

 

The basic tactic in such tensions between creditors and debtors is clear: once debt repayments exceed new loans, stop paying.

So when The Institutions made it clear that no more credit would be forthcoming without Syriza adopting the old Pasok/New Democracy capitulation to Troika demands, Tsipras and Varoufakis decided it was time to call a referendum eight days hence, on Sunday, July 5.

Late Friday night and into the early Saturday morning hours, Greeks ran to the ATM machines to convert their checking and savings deposits into euro notes, expecting that the end game would involve a likely 30% depreciation of the drachma – and that indeed, the ECB would stop lending to support Greek banks (the only role the ECB wanted to play).

Syriza had no love for the banks. They were the vehicles through which the oligarchs controlled the Greek economy, after all. For a month, they had been discussing how to separate the banks into “good bank” and “bad bank,” either nationalizing them (wiping out stockholders) or creating a Public Option alternative.

Wed, 07/01/2015 - 12:23 | 6258536 MEFOBILLS
MEFOBILLS's picture

More:

 

By going through the sham negotiations with The Institutions, Syriza gave Greeks enough time to protect what savings and cash they had – by converting these bank deposits into euro notes, automobiles and “hard assets” (even boats).

Businesses borrowed from local banks where they could, and moved their money into eurozone banks or even better, into dollar and sterling assets. Their intention is to pay back the banks in depreciated drachma, pocketing a 30% capital gain.

What commentators miss is that Syriza (at least its left) wants to be transformative. It wants to free Greece from the post-military oligarchy that evades taxes and monopolizes the economy. And it wants to transform Europe, away from ECB austerity to create a real central bank. In the process, it demands a clean slate of past bad debts. It wants to reject the IMF’s austerity philosophy and refusal to take responsibility for its bad 2010-12 bailout.

This larger, transformative picture is at the center of Syriza-left plans.

Wed, 07/01/2015 - 12:26 | 6258541 victorher
victorher's picture

Mr Tsipras belongs to the most despicable kind of politicians. He is playing with his people, indifferent toward their sufferings. He is only playing his own game, hoping to save his ass, after he have become aware that the UE is not going to give something for nothing  and that all his electoral promises are empty.

Wed, 07/01/2015 - 12:42 | 6258604 TRN
TRN's picture

His problem is that he wants to do what he promised in his election platform!

Thu, 07/02/2015 - 00:03 | 6260996 StychoKiller
StychoKiller's picture

Meh, and I want to make a living fscking Playboy models!!

Wed, 07/01/2015 - 12:30 | 6258553 Anunnaki
Anunnaki's picture

Can someone explain it to me like i'm a Kardashian?

Tsipras caved but wants a no vote on the referendum to lessen the sting of his capitulation in his terms of surrender?

Or something else?

I knew it was too good to be true that he would stand firm

Wed, 07/01/2015 - 12:41 | 6258597 windcatcher
windcatcher's picture

Bravo!! Greek Prime Minister Alexis Tsipras. You are a democratic (government of, for and by the People) statesman of the highest order in Greek civilized tradition; Aristotle would be proud of you.

The fate of Greece is the fate of the USA and all other nations under the octopus of central bankster criminal debt, fraud and chaos.

Criminal activity must be framed as criminal activity and therefore the solution has to be framed in how do we break the criminal stronghold and bring the criminals to Justice for their conspirator criminal activity and repudiating the criminal debt.

We should be examining how to prosecution the central bankster fascist (merger of multinational corporate monopoly with government) criminal cabal and review professors Black, Chossudovsky, Hudson and Gavin Marshall research into the criminal cabal activities.

I am a 71 year old student that has been following the maneuvers of the American bankster fascist most of my life. The EU was designed, financed and implemented by the criminal banksters and their shadow government of the Council on Foreign Relations. The banksters CFR activities are well documented over the last 60 odd years in plotting Treason against the USA and implementing the fascist New World Order. Selling debt as wealth is their weapon.

Do gold bugs really believe that the central criminal banksters are going to lose control of the gold market in the USA? Today, the currency is fiat but the BRICS gold backed currency of tomorrow will set a new gold standard. The bankster criminals stole all the USA gold when we went off the Gold Standard. The criminals loot, pillage, burn bridges and destroy as they move forward so that there is no way back. When the bankster criminals need gold, Emperor Obama via decree, will confiscate the gold in your teeth.

In my opinion, it will take a violent revolution to bring the fascist bankster criminals to Justice, until then, we are all victims.

 

Wed, 07/01/2015 - 12:42 | 6258603 Peter Pan
Peter Pan's picture

Why not have a 3rd option on the ballot paper of "maybe"?

This will confuse the shit out of the Europeans and drive them insane.

Time to retain and rejuvinate their humour.

Thu, 07/02/2015 - 00:05 | 6261003 StychoKiller
StychoKiller's picture

Meh, if the vote tally is anywhere close to 50-50, then there's gonna be a lot of calls for re-counts!

Wed, 07/01/2015 - 12:43 | 6258610 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Tsipras, what part of GAME OVER don't you understand?

Here are your choices:

1. Resign effective immediately, handing over power to a national unity government until elections can be called. 

2. Have the army seize that power and have a blast using you and your merry men for target practice live on Skai TV.

3. Beg, borrow or steal a gun, blow out the brains of the batshit bolshie bitch who got you into this, then turn the gun on yourself, and save the army the trouble.

Your call. Not the Eurogroup's. Yours.

Wed, 07/01/2015 - 12:46 | 6258617 newsoutlet
newsoutlet's picture

So this Tsipras guy:

  • sends letter to EU to accept deal
  • organizes referendum for greeks to vote on this deal and asks them to say NO
  • has no money for referendum
  • say this is historic moment for greeks

Crazzy feller this Tsipras guy.

He should not be trusted any sharp objects... like scissors or smth like that.

 

Wed, 07/01/2015 - 12:48 | 6258627 Infinite QE
Infinite QE's picture

Here's the only way Greece will turn back the tide and rebuild a functioning society:

1. Join the Anti-Bolshevik Federation and side with Russia.

2. Takeover all the media (probably zio-owned) including teevee.

3. Create a 24x7 teevee re-education program to educate the populace on:

a. the nature of the khazars and their historic scams and genocides.

b. the nature of the fake money system foisted upon them by the zios

c. show how the global population has been duped into this nonsense called globalization and how they must return to the art and craft of making their own goods domestically. Inherent in this approach will be the need to outlaw anything to do with WTO.

4. Execute any and all  of the bankster class that were involved in the GS-led planned demolition of the country.

5. Deport any and all zio dual-citizens.

6. Create a public shaming program for anyone importing or selling WTO consumer goods.

 

That should take them the better part of a year and is frankly the only hope they have to freeing themselves from the zio usury cycle and to create a healthy organic society. Greece is a beautiful country and could, along with Iceland, become a model of how to deal with the zio-cancer that is consuming the entire planet.

 

Wed, 07/01/2015 - 13:23 | 6258747 newsoutlet
newsoutlet's picture

1. Same with those where is oligarch elite that steals nations money and shares it with each other? Brainwashes people with lie, war and hatred propaganda? Sells out nations land for pennies?

2. And create regime owned propaganda with truth ministry like in Russia where all main stream media is controlled by regime for brainwashing citizens.

3. Place people in re-education camps like nazis and commies did - no critical thinking, no self opinion, no individuality - only regime program. Sounds like putin regime.

4. Sounds like nazis & USSR russians

5. I guess all basic human rights where removed after those executions in previous point

6. Like oil, gas and other recources Greece doesn't have...

 

Can't understand are you commenting from mad house (what kind of connetion you guys have there? Is it DSL or cable?) or you simply are putins advisor sharing your ideas with broader public?  

 



Wed, 07/01/2015 - 13:34 | 6258800 Hope Copy
Hope Copy's picture

I don't think that the Greeks can get way with a 'Putin', as this is not sanctions being piled up little by little..  and the Greeks just don't have that ability to have a projected 'boogie man' country status that is needed for NATO and it's industrialist.

 

I propose that Greece take it's large weapons and put them on the auction block and use the thier army/navy/ airforce for in house domiestic needs in rebuilding the infrastructure (they can booby trap everything while doing so). 

Fuck NATO!  and be-able to pay the bill.

Thu, 07/02/2015 - 06:57 | 6261354 cuzzinjak318
cuzzinjak318's picture

this referendum will be rigged like the scottish referendum the money junkies havent finished looting this country yet look out for a Cyprus event with bail ins , this is just kicking can down the road the banksters need more time to finish looting, it wont be a DEFAULT because all those derivatives and credit default swaps will kick in and the money junkies will not want that, this is just the start look out for the same  coming to  a country like yours all goverments have had to adopt G20 resolution for bail ins

Do NOT follow this link or you will be banned from the site!