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Massive "No" Demonstration Floods Athens' Syntagma Square As Tsipras Speaks - Live Webcast

Tyler Durden's picture




 

Shortly before Greek PM Tsipras spoke at today's huge "No" rally on Syntagma square, scuffles in the crowds of protesters broke out and police have resorted to stun grenades and tear gas.

As Reuters reported, "Greek police threw stun grenades and scuffled with protesters in central Athens on Friday, as a rally got under way in support of a 'No' vote in a Sunday referendum on whether to endorse an aid deal with creditors. The scuffles involved a few dozen people, many dressed in black and wearing helmets but quickly appeared to calm."

Luckily, the violence was scattered and promptly dissipated.

 

Instead it has been replaced with one of the biggest people gatherings on Syntagma square in history:

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Fri, 07/03/2015 - 21:43 | 6267814 falconflight
falconflight's picture

Let's just face it, humans individually and societies by and large can not survive, nor do 'they' wish to live a self directed life.

Fri, 07/03/2015 - 17:17 | 6267061 general ambivalent
general ambivalent's picture

It would be a bad time to leave because banksters never lie and the Jews are on the verge of creating the Most Human Bank in the world.

Fri, 07/03/2015 - 17:26 | 6267079 reader2010
reader2010's picture

According to the scriptures,  usury is only available for goys. Now you realize why everyone else is fucked. At this moment the Greeks are more fucked. 

Fri, 07/03/2015 - 17:54 | 6267165 falconflight
falconflight's picture

Are you a Muslim who demands free credit?  What "usury" rates are being applied to Greek gov't debt from non-Greek initiated credit entities?

Fri, 07/03/2015 - 18:27 | 6267249 reader2010
reader2010's picture

I know I was born ignorant and that's why I try to learn a little everyday so that I don't remain stupid forever.

The word "usury" comes from Latin "usura" that orginally means the practice of lending money at any interest rate, which is all the scriptures of all major religions prohibit. Now, fast forward to today, due to Newspeak, the word "usury" has lost its original meaning because many try to remain stupid.

Here is the more relevent meaning of debt in translation:

"If history shows anything, it is that there’s no better way to justify relations founded on violence, to make such relations seem moral, than by reframing them in the language of debt—above all, because it immediately makes it seem that it’s the victim who’s doing something wrong."

— David Graeber, Debt: The First 5,000 Years

 

 

 

Fri, 07/03/2015 - 18:32 | 6267258 falconflight
falconflight's picture

Well, this isn't Rome, and to use an absolutist meaning of a word is telling.  Do you use credit, or have you?  Are you saying money lent to you should require no "consideration?" Funny, Rome required taxes be paid regardless whether it meant starvation. 

Fri, 07/03/2015 - 18:46 | 6267296 reader2010
reader2010's picture

Seemingly many can't undo the damages done to them by their spoon-fed ideology since birth. I understand thinking is hard for most because it requires both of mental energy and rigorous training. That's why you're told to chase happiness in the first place.

Fri, 07/03/2015 - 20:00 | 6267527 Wild E Coyote
Wild E Coyote's picture

Yes, I do expect credit to be free. Everyone should have free credit. And it is the most proper way to use money.

Money was supposed to be a way for people to exchange their goods more equitably. 

When did money become a way for people to "store value and earn interest?"

That is the core of the problem in the world today. Allowing money to be stored had made people (thru government rules and regulations and expenditure) to create artificial need for goods and services which nobody should need. 

That includes weapons to go and kill far far away. Social programs that make people more lazy. All such crazy spending are possible because money has stopped being short term methodof exchange and has become supposedly long term storage of value. It is bullshit. 

Money should be borrowed without interest and you will not have any Banksters, but simple Government clerks who will only be counting total money issued out. 

All Banksterswill have to start making useful products or services that someone really need. 

Fri, 07/03/2015 - 21:50 | 6267824 falconflight
falconflight's picture

When has "free" credit been a feature of any society?  Even the Muslims have their convoluted pretzel logic scheme (not unlike their one day marriage licenses for hedonistic sex) for credit, that actually isn't free.  And what is free in life.  Greek productivity simply does not support the standard of living they've created with front running socialistic debt financing.

Fri, 07/03/2015 - 17:45 | 6267126 yellowsub
yellowsub's picture

What did you expect from a gov't that offers even more generous pensions than the US and equally or if not more bloated...

Fri, 07/03/2015 - 17:45 | 6267130 falconflight
falconflight's picture

Apparently  Syriza and the Greeks don't just want nearly interest free credit, but just flat out redistributionist payments from others within the EU and IMF members.

 

"Euro zone countries extended the maturities of their loans to Greece from 15 to 30 years and reduced the interest rates on some to just 0.5 basis points above their borrowing cost. They also granted Greece a 10-year moratorium on interest payments on the second bailout loan from the euro zone rescue fund."

 

http://www.newsweek.com/greeces-debt-who-it-owes-and-how-much-343700

Fri, 07/03/2015 - 19:44 | 6267484 Wild E Coyote
Wild E Coyote's picture

The real problem is not what Greek owes. 

The real problem is what the people who lend to Greek owe. That is why they keep talking about contagion. 

The guy who lend to Greek actually borrowed from someone else. He could a fund manager or Bank. If you had lent to a million people and one of them default you do not have to worry.

But these lazy Bankers and fund managers lend to the easy target of "Government". Whom they assume can make the people eat dirt and pay up the money that they borrowed on behalf of the people and spent it on invisible economic growth. 

Well time for a shake up. Greece people are not lazy. The same problem is actually present in every country, including the Great USSA.

Fri, 07/03/2015 - 18:02 | 6267180 gfmucci1
gfmucci1's picture

Agreed.  It is interesting that a search for the text of the Tsipras speech in English is hard to find or just not there.

Are the powers that be concerned that his words might create a contagion?

Fri, 07/03/2015 - 18:03 | 6267187 Raul44
Raul44's picture

Here is something important that nobody seem to care. They have now their fate in their own hand this weekend, they have an opportunity to vote and chose what next. So why the strike? Why destroying everything around the streets? Its not like they are to be denied of referendum, so why to fight now? They can chose now whatever they want and its just in few days so what they fight for?

Another day of no working but striking, another day of debt increase and GDP hit. And these are people of Greece, not politics, not EU, but a common people of Greece. Yeah poor fucking greeks my ass, I dont feel sorry for them. I do take a pleasure to see them suffer. I want to see their pensionists not getting their overpaid ~800eur/month and die. I want to see their hospitals not able to import medicaments on debt. Cause they did it all to them self as this is their real nature of "poor fucking greeks".  

Fri, 07/03/2015 - 18:36 | 6267272 falconflight
falconflight's picture

No one seems to give a wit about Bulgaria or Romania, or even Russians, who if they don't live in the major metros, they might as well still be living in the 1800's.  No, just the poor Greeks.  I guess "Greek" defines the lifestyles of so many fervent ZH'ers. ;-0

Fri, 07/03/2015 - 18:54 | 6267323 Raul44
Raul44's picture

But there is difference. Those did not applied for bailouts and did not cheated their way into union. Also they dont strike every second day on the streets which is basically an economy killer. Most importantly though, they dont strike without good reason, there is no reason to strike today in greece when they are just about to vote democratically.

Fri, 07/03/2015 - 19:37 | 6267456 Wild E Coyote
Wild E Coyote's picture

Fact is there are always assholes bend on destruction. 

But the demonstration was a success. The purpose was to show the people sitting in their couches at home how many are actually fighting for a point of view. And with such huge crowd the organizers succeeded. 

On the other hand, the demonstration aslo demonstrated that the Greek people are not that lazy as people here often accuse. 

I dont think Americans ever gather around in such manner unless it is for Super bowl. And they do have people that destroy everything around too. 

Sat, 07/04/2015 - 18:20 | 6269997 Raul44
Raul44's picture

Well I think they had these "successful" demonstrations for quite some time already, yet when they come to the urn, they always chose to stay in EU and to keep euro anyway. 

Fri, 07/03/2015 - 18:44 | 6267291 falconflight
falconflight's picture

80 bn EU to Greek Banks...are these banks Joooo Banks?  Or is that all banks, and all lenders (Ford, Ashley Furniture, IKEA) are Jooooos?

"Those countries are also potentially exposed to Greek banks, which have borrowed more than €80bn under the ECB’sEmergency Liquidity Assistance (ELA) programme to counter capital flight. It is especially unclear how much individual states would lose under ECB-operated programmes if Greece were to default."

http://www.theguardian.com/business/2015/apr/24/greek-debts-what-does-it...

Fri, 07/03/2015 - 19:36 | 6267453 Kina
Kina's picture

I just love the people expressing their digust or hatred at Greeks, yet if they looked at the fallacy of their own economies would find themselves the same or in even worse condition, apart from the power of their govt to print at infinity.  Otherwise these crirics would themsleves right now be eating out of bins.

 

USA $100 trillion unfunded liabilities, $18 trillion debt, would be Weimere Germany apart from being the reserve currency.  France a total econmic basket case also...

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