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Eurogroup In Shock: Finance Ministers "Would Not Know What To Discuss" After Greferendum Stunner
Just out from Reuters:
- FINANCE MINISTERS "WOULD NOT KNOW WHAT TO DISCUSS" AFTER EMERGING GREEK 'NO' VOTE-EURO ZONE OFFICIAL
More:
There are no plans for an emergency meeting of euro zone finance ministers on Greece on Monday after Greeks voted overwhelmingly to reject the terms of a bailout deal with international creditors, a euro zone official said on Sunday.
Asked whether a meeting of the Eurogroup was planned for Monday, the official, speaking on condition of anonymity, told Reuters: "No way. (The ministers) would not know what to discuss."
May we suggest containing the fallout, whether in capital markets or in the resurgent mood in the other PIIGS, as a primary topic?
And meanwhile, while we symptahize with the Greeks officially telling the Troika to "fuck off", they may have other liquidity problems of their own.
Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place, a deputy finance minister told Greek television on Sunday.
Greece's government shut banks and imposed capital controls a week ago to prevent the country's banks from collapsing under the weight of mass withdrawals.
Deputy Finance Minister Nadia Valavani told Alpha TV that, as part of those measures, the government and banks had agreed at the time that people would also not be allowed to withdraw cash from safe deposit boxes.
Surely the Greeks bought enough gold and/or bittcoin ahead of this outcome. Surely
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So for once their crepe holes would be shut
Negotiate a write-down of the debt.
Everybody knows that's the issue.
The Ministers wouldn't know what to discuss if the Citizenry voted Yes!
Can't remember the last time I was actually happy to see voting results! I'm probably being naive by taking this as a glimmer of hope, but I'll take it anyway. FU EU!
I know what they are discussing. We all know what they are discussing. Which Fallout Shelter Private Island is the best for them to run to.
The EU ministers can now commit suicide.
"Would not know what to discuss" because it would involve/imply their failure. The only thing they could discuss is what Greece did wrong.
Your cell phone bill might suddenly collapse...
Certainly your "cell phone" price will...
They could discuss the future of their testicles now that they've fucked up a 9-figure deal and very powerful people will now not get paid large sums of money.
If "Europe" suddenly reverts back to their respective Monies (national currencies) this would indeed be quite the "devaluation."
To the point of Devolution would appear...
On the bright side, you'd know things were back to normal as soon as you saw a Panzer on the Champs Elysees.
Or, they could start intensive prayers in the parliamentary chapel; those who are believers.
Now the "spin phase"......then the "punishment" phase.......now watch Italy Spain etc.....this is what we do to YYOU
Purchasing nail guns phase.
"Now the "spin phase"......then the "punishment" phase.......now watch Italy Spain etc.....this is what we do to YOU"
Actually, it's more a case of the ECB kicking themselves in the balls, like in this song:
https://www.youtube.com/watch?v=hkeohJYJKnA
"I'm going to kick myself in the balls" by Big Poo Generator
Lyrics:
I'm having a party.
I'm going to kick myself in the balls.
I'm a big bad boy, and I'm having a party.
Come to my party, come sing along
Come see me kick myself in the balls
A thing to do, a funny sight
and I wont be faking it, I'm doing it tonight!
Watch me kick myself in the balls,
watch me and you'll laugh.
I'm having a party, so please come along
We'll have a really great time.
I'm going to kick myself in the balls,
going to do it at hyper-speed!
I know how to party, just wait and see
Going to kick myself in the balls tonight at my party!
And then I'm going to kick my dog in the balls...
Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place, a deputy finance minister told Greek television on Sunday.
ok mutha fuks, thousands and i, are coming on down and opening the fuking bank. we will be bring dynamite, pitchfork, pick axes and rope, so would be best advised to clear a path straight on down to the safe deposit boxes; TIA
sincerely,
pissed off and beyond angry greek that has had enough of the this control bullshit...
Why have it in a bank?
Not like they are trustworthy or anyting, they even charge you for the privilege.
Just remember, it's two steps to the right of that oak tree with your back facing the well....
Oh I'm a good little viking, my hoard is in the dirt.
balance,
If you're naive then so am I. Hopefully this is the beginning of the end of the whole debt Ponzi.
DavidC
Time for Greece to pivot east to Russia and China.
Suck a dick, Brussels!
comment of the day
Eat a bag of 'em!
The new 3-letter chant from the 99% to the 1%: G F Y! G F Y! G F Y!
Next up: The Banksters find that the discredited MSM can't lie enough to save their fanny. Politicians and self-surviving sluts who turn on the radioactive Banksters, finally putting them on trial.
Hey Banksters, pray they put you behind bars before the mobs pull you from your limos and rip you apart on the street.
It's so over for them - even the dumbass cops and Military Flag Officer Whore Corp will turn on them.
G F Y! G F Y! G F Y!!!!!
-30-
If EU writes down debt - every PIIGS will be right in that ATM line...
The EU deserves every part of being buried in the hole they dug.
Cue the song The Gambler.
Then negotiate a write-down of Italy's debt, Protugal's debt, Spain's debt, France's debt...
http://s18.postimg.org/6yxjm2sgp/greece.jpg
the caption should be OPA!
Brilliant, Willaim.
Wasn't he reading My Pet Goat?
My Big Fat Pet Goat's Wedding.
Obama would be reading "I Have Two Daddies Instead of Daddy and Mommy" from Rainbow Publishing.
This guy was reading Souvlaki for Dummies
The only way to read My Pet Goat is upside down.
Quick....to the printing presses !!!
In all seriousness, look to the acelleration of the cashless system.
Are you suggesting a reversion to the age-old system of exchanging value for value?
What a thought!
No.....the Anti-Christ version of a cashless society.
Going to be exciting and telling in the precious metals "markets" in a few hours.
-
Agree that's what needs to be done, but you have a few other indebted countries waiting in the wings with the same problems. A debt forgiveness for greece, is a defacto debt forgiveness of much larger and problematic debts down the road.
this ends all debt payments to EU
But you better keep paying that Chase Visa. To stop would be dishonest.
The day I know people are mad as hell and not taking it anymore . the day they stop paying their credit card . and maybe just maybe not reporting all their income... will not hold my breath . .but can dream. The central bankers have squeezed entire nations dry .. I await the day we reciprocate. the system is not worth saving . in fact should come down . if not peacefully through non payment than the other way . light poles and dead politicians and bankers.
Simple. Creditors take massive losses and keep the EU from crashing through contagion + do the same when the other bankrupt countries ask for the same deal.
-0r-
Kick out Greece and have China and Russia put up bases there.
Maybe they could discuss how badly they failed.
There's nothing left to discuss, as it's now time for action. Operation Break Everything will now commence, as the scape-goat is fully activated.
Symbolism level? Off tha fuckin' charts!
How about discussing an end to your evil totalitarian plans?
The way the Greeks have their capital controls set up you can't withdraw more than 50 Euros at an ATM. But can you buy more than 50 euros of product? If I was a Greek could I buy 50,000 euros worth of bitcoin on Circle or are those days over?
delete
until now that is
you can spend up to 400 euros per day with your cards at shops, supermarkets and online (in Greece)
I'm not quite clear on your response; how many Euros per day can I spend on my cards?...
that's pretty cool
better than this "insufficient funds" bullshit I get when I try it here
It's always a good idea to discuss the weather. E.U., do you hear me?
Its hot, with a large chance of meltdown.
Europe has been going truogh a terrribly hot early summer ...
THAT'S THE REASON!
OK, so declare the results of this referendum invalid and void.
Hold another one in the winter.
I thought that the vote would be definitive one way or another, maybe as high as 55%. Right now the 'no' vote is in wet dream territory at 60%. The lords and masters of the EU are likely either in 1) full panic, 2) deep denial, or likely 3) both. They will have to make a positive statement soon. Too bad it won't be "we fucked up...badly". This will require spin at ludirous speed just to make themselves look just slightly less than complete idiots and Spain's up next....
Well, there are still a whopping 38% of registered voters who have no freaking clue what they are doing. Not exactly a cause for comfort or celebration. (assuming all yes votes were genuine).
They can start planning for opening a second front -- in Spain.
It would be even funnier if that second front opened in France. Frexit, BITCHEZ!
What country is Merkel visiting first you ask??
Yep, France!
But she's visiting Hollande which is not right person to be talking to.....
Marine Le Pen would have much more interesting things to say.
...which serves to more fully demonstrate her incompetence.
the EU/IMF is a pyramid scheme
http://weddingdesignideas.co/illuminati-new-world-order-pyramid
Pyramid is in clear sight. Dangerous people.
https://www.indiegogo.com/greek-bailout-fund.html - Save Greece from the Big Bad Banks
I think I will send this country my gratitude by way of $$. Every little bit helps.
https://www.youtube.com/watch?v=YAXO8ZCvd_o
The Reason - X Ambassadors - Great sound albeit interrupted for commercial breaks you can skip over. Listen to the words if you have the inclination to understand them.
There is only one possible outcome, the Greeks have to be made an example of to discourage others from following their lead.
A colour revolution, a new junta of neo-fascists. currency devaluation, then asset fire sales to western (globalist) interests.
Ask Vicky Nuland how well that is working out in Ukraine.
There is only one possible outcome, the Greeks have to be made an example of to discourage others from following their lead.
This didn't go the Troika's way now watch for the assassination (attempt?) on key members of the Greek government. Straight out of the John Perkins book "Confessions of an Economic Hit Man" . . . .
The Greek fascists are supporting the no vote......
He means the other fascists
Too bad American Fascists are still the biggest and strongest on the block.
Spain Portugal Italy Ireland should now have votes, France too. fuck all debt. Wipe it out.
and Scotland would win a revote in a NY second
Deutsche Bank just blew up by the Trojan horse.
Except that I've not seen the actual exposure by Douchebank to Greece. Of course, its exposure need not be direct. If those silly French banks are heavily exposed to Greece and Douchebank is exposed to them...
Are you kidding? DB has exposure to a butterfly flapping its wings in Paraguay.
Yes, but if the butterfly doesn't flap its wings, DeutscheBank will make a fortune on their CDS bets.
there's no DB exposure to greece because the last 4 years was enough to transfer all the risky assets to the balance sheets of EZ governments, ECB and other muppets. all the loans to greek, at least to the extent of 90%, were immediately transferred to the german and french banks via the backdoor. and the taxpayers, greek and the rest, are the ones to pay it back. or not.
No! Not the Trojan Horse!
http://0.media.collegehumor.cvcdn.com/1/8/collegehumor.2d70ac6114afa24d2...
But, didn't Deutsche bank already transfer it's Greek debt to the ECB a few years ago? Y'know.. Socialism for the rich - Capitalism for everybody else.
They wouldn't bet against them with CDS now would they ?
Its a rabbit warren, not a hole out there.
one thing for sure is there will be a run on underage boys and girls in the eurozone until brussels gets their stress under control.
especailly in Israel
i have never before been thrilled to lose a ton of money tomorrow.
They should be discussing how to finance young entrepeneurial Greeks who want to start farms, open factories, begin mining operations or start fishing fleets. They are one step closer to a grexit and still do not have the infrastructure to be productive. Years of living easy on debt schemes and socialist promises has finally come to an end.
Greece will be better off going BRICS. In the short run of affairs, Russia has tropalov transports if the EU pulls something funny.
as they have told you themselves, never negociate with terrorists. fuck the eu and the empire!
Shirley. They got their money out, Shirley.
I guess the finance ministers will be discussing their own turn at austerity.
greece could use the yuan backed ruble in the meantime.
It would be odd if this was somehow spun to support a cashless society. I know they can freeze your cards, but it is odd that they are not?
What would Zorba do?
What would Kojak do?
I know what Melina would do :
Always say OXI on a SUNDAY !
Maybe we now have to stick an "F" somewhere in PIIG.
What will President Le Pen do?
an airbus would make the piig fly.
PFIIGS (pronounced "figs"... the 'P' is silent, just like Portugal)
PISFIG
SIGPIF
PIGFIS
GIPIFS
OK...I got it.
IF-GIPS
Greek creditors, the open viewing platform is on the 75th floor.
GREEK is on the menu at the WH tonight, as Kal Penn, Reggie Love and Ben Finkenbinder are having another sleepover
They're just too damn fucking slow. By tomorrow after market close they sure as hell will know what to discuss :
Restructure that damn debt or else its fucking financial armageddon bitchez!
Finance ministers have only one question to dicuss. Do markets open tomorrow or next month???
A side question of "where is our fucking gold" should get a few laughs from the US.
So the lesson for Americans is that only the Bank Of Mattress provides adequate access to emergency funding.
Soon, MH Flight 370 will finally land on Tsipras' head.
The Zios stole it and saved it for just this moment :)
The highest probability scenario is that the MH370 senior pilot deliberately dove the 777 into the ocean, maintaining the integrity of the fuselage and containing all buoyant materials, coming to rest on sea floor in deep water.
Go crawl back into bed with your Islamic brethren.
No idea what to discuss?
Sounds like Plan C!
What happens if the debt isn't written down? Is there any claim on Greek assets? Can holders foreclose? Waltz in and take over Greece and say it is theirs? Hmm...I doubt it. Time to bend over and take your haircut.
Full faith and credit without the ability to print means nothing. With the ability to print it means you are buying a depreciating asset backed by nothing real. Earnings on savings? Fuggetaboutit.
You comment says it all “... containing the fallout, whether in capital markets or in the resurgent mood in the other PIIGS…”. There are plenty of other “Greeces” in the EU including Italy, Spain, Portugal and France- all plagued by stagnant/declining economies, high unemployment, austerity and increasing deficits. EU economic policy is largely dictated by Brussels and unelected officials at the ECB. This begs the question- how long will the EU survive in its present form?
How low will gold drop? /s
Agenda:
(1) Decide how to cover up the fact that the German Banking system is insolvent if the Greeks force a haircut. Haircut, that doesn't sound too terribly bad, now does it?
(2) Decide how to cover up the fact that the ECB is insolvent if the Greeks force a haircut. Haircut, that doesn't sound too terribly bad , now does it?
(3) Decide how to cover up the fact that Italy, France, Portugal, Spain, and Ireland are planning to do the same thing. They have been doing a pretty good job at this.
My only advise is that you better start shopping at Sam's and Costco. Q
Nothing enrages a banker more than a spiteful debtor. Someone who promised they were 'ready, willing, and able' to pay you back. And then they don't. And then they laugh at you from their Cadillac and say, 'thanks for the ride asshole!'
You will want to crush them, kill their wife and kids, and burn their house down. You will bribe their lawyer to make you the sole beneficiary in their will. You will be made whole no matter what it takes.
I think you are all underestimating how angry the EU and their Banking Partners are. I promise you that right this moment there are plans being made in villas and castles and offices in Europe that would make Ghadafi and Saddam look like saints.
Nothing enrages a HOMELESS Man more than a spiteful and remorseless BROKER and BANKER. People who promised they were 'ready, willing, and able' to take care of your investment in your home. And then they don't. And then they laugh at you from their Cadillac and say, 'thanks for the ride asshole!'
The Homeless will want to crush them, kill their wife and kids, and burn their house down. They will create the FIREBOMBS to destroy the FRAUDULENT BANKERS and REAL ESTATE BROKERS who initiated the loan. The Homeless hordes will be made whole no matter what it takes.
I think you are all underestimating how angry the Homeless are. I promise you that right this moment there are plans being made in River Bottoms, tents and camps all across the United States that would make Ghadafi and Saddam look like saints.
AND I AM TEACHING THEM HOW TO DO IT.
DO YOU GET IT?
why feel sorry for them? They got what they deserved-they stole and had their hands slapped
PIIGS running amok
They have seen someone to come & hogtie them
They are gonna trample the whole farm
-----
Work of another BlondeWoman (read Merkel)
-----
No, woman, no cry;
No, woman, no cry;
No, woman, no cry;
No, woman, no cry.
'Cause - 'cause - 'cause I remember when a we used to sit
In a government yard in Trenchtown,
Oba - obaserving the 'ypocrites - yeah! -
Mingle with the good people we meet, yeah!
Good friends we have, oh, good friends we have lost
Along the way, yeah!
In this great future, you can't forget your past;
So dry your tears, I seh. Yeah!
No, woman, no cry;
No, woman, no cry. Eh, yeah!
A little darlin', don't shed no tears:
No, woman, no cry. Eh!
Said - said - said I remember when we used to sit
In the government yard in Trenchtown, yeah!
And then Georgie would make the fire lights,
I seh, logwood burnin' through the nights, yeah!
Then we would cook cornmeal porridge, say,
Of which I'll share with you, yeah!
My feet is my only carriage
And so I've got to push on through.
Oh, while I'm gone,
Everything's gonna be all right!
Everything's gonna be all right!
Everything's gonna be all right, yeah!
Everything's gonna be all right!
Everything's gonna be all right-a!
Everything's gonna be all right!
Everything's gonna be all right, yeah!
Everything's gonna be all right!
So no, woman, no cry;
No, woman, no cry.
I seh, O little - O little darlin', don't shed no tears;
No, woman, no cry, eh.
No, woman - no, woman - no, woman, no cry;
No, woman, no cry.
One more time I got to say:
O little - little darlin', please don't shed no tears;
No, woman, no cry.
----
Copied from : www.azlyrics.com
Best cartoon describing the situation that I have ever seen on any situation.