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With Yanis Gone, Now Troika Heads Must Roll
Submitted by Raul Ilargi Meijer of the Automatic Earth
With Yanis Gone, Now Troika Heads Must Roll
Now that Yanis Varoufakis has resigned, in the kind of unique fashion and timing that shows us who the real men are, it’s time to clear the other side of the table as well. The new finance minister, Euclid Tsakalotos, should not have to face the same faces that led to Europe’s painful defeat in yesterday’s Greek referendum.
That would be an utter disgrace, and the EU would not survive it. So we now call for Juncker, Lagarde, Schäuble, Dijsselbloem, Draghi, Merkel and Schulz to move over.
It’s time for the Troika to seek out some real men too. It cannot be that the winner leaves and all the losers get to stay.
The attempts to suppress the IMF debt sustainability analysis were a shameful attempt to mislead the people of Greece, and of Europe as a whole. And don’t forget the US: Lagarde operates out of Washington.
It cannot be that after this mockery of democracy, these same people can just remain where they are.
It’s time for Europe to show the same democratic heart that Varoufakis has shown this morning. And if that doesn’t happen, all Europeans should make sure to leave the European Union as quickly as they can.
Because that would prove once and for all that the EU is no more than a cheap facade, a thin veil behind which something pretty awful tries to hide its ugly face.
Here is Yanis’ explanation behind his resignation:
Minister No More! (Yanis Varoufakis)
The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage. Like all struggles for democratic rights, so too this historic rejection of the Eurogroup’s 25th June ultimatum comes with a large price tag attached. It is, therefore, essential that the great capital bestowed upon our government by the splendid NO vote be invested immediately into a YES to a proper resolution – to an agreement that involves debt restructuring, less austerity, redistribution in favour of the needy, and real reforms.
Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today. I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum. And I shall wear the creditors’ loathing with pride.
We of the Left know how to act collectively with no care for the privileges of office. I shall support fully Prime Minister Tsipras, the new Minister of Finance, and our government. The superhuman effort to honour the brave people of Greece, and the famous OXI (NO) that they granted to democrats the world over, is just beginning.
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Who would hire them? What would they do for a living without the teet of the EU to suck on. They are fucking useless.
I recommend the entire US CONgress be fired and incarcerated for failure to do any fuckin' thing honestly. Who seconds this motion?
Dexit
What I said here earlier this morning:
http://www.zerohedge.com/news/2015-07-06/fallout-greek-referendum-ransqu...
Y anus verry fukis
Yanis is a Greek hero, in the classic sense of the word. He brought victory and took one for the team!
Sorry typo, now is good:
Yr anus verry fukis
There are jobs waiting for the Troika at Goldman Sachs, JPM, ...
I don't know but it seems to me that Yaris is a decent and honest Guy who was honest enough to stand up to The Troika and point oiut the truth that Greece was unable to repay the Debt so there was no solution in adding more Debt? He then also had the integrity to recognise that he had, in his honsety, ruffled too many (German) feathers to result in a new agreement and so resigned to smooth the future passage for his country.
That seems to me like a fine human being who is lost in this cesspool of corruption and dishonesty. IMHO.
Pfft...
Troika apparatchiks are never held to account.
They could get busted publicly deflowering underage (insert gender _______ ) and not be held to account.
In fact, the author may have broken EU laws even suggesting such folly.
Fact remains "who the fuck wants to remain a member of Club Euro."
Fuck Europe....fuck the EU.
Above the law, Unelected bureaucrats with diplomatic immunity voluntarily resigning in the face of complete failure and rebuke of their policies..
And the moon is made of feta cheese, man made 'climate change' is real, Obama is a Kenyan and Michelle is a woman.
In the words of Mr. Panos 'Not Gonna Happen Baby!'
There will be no change in the Troika because they think they are winning. They have no honor. Viva La Greeks!
Correct. A sociopath will never change because to do so would mean admitting it was wrong, and that is completely against everything they believe about themself. When confronted, a sociopath will always first double down on the same destructive behavior that got them into the problem. When that doesn't work and they are cornered, their only options are to run or kill themselves. Unfortunately, they almost always choose to the former and not the latter.
clear out Obama and Biden and the Supreme Court too...
@ Cossack, don't forget about the Executive and Judicial branches, not to mention the Senior Executive Service and a large collection of treasonous 4 star generals. It's time to restore a constitutional republic. Greece has shown the way.
Greece has shown the way... but are able to vote as bloc because they have some semblance of a culture left, and are able to put aside squabbling for long enough to agree on one issue. You will not see that in the U.S. ...and you know it
I'll 2nd it if we Incinerate them bastards.
Incarceration is far too lenient for the US congress.
Second...
I hate the Republicans more than I do the Democrats. At least the Democrats have Solidarity and tell you exactly what they want and are goinfg to do. The Republican Party are just a bunch of rag-tag liars and corporate Nazi-whores. Yeah, that sums it up nicely I think. Fuck I HATE POLITICIANS! ALL OF 'EM!
+1000
Second and Carried.... Pitchforks, torches and Guillotines
They can intern for the Clinton Global Initiative.
Send The Troika To Texas...A Strong Rope...A Tall Tree...A Good Horse!
Calling All Texas Patriots...It Is Time, Texas!...Operation Texas> www.OpTexas.org ... Group Preparations & Support
"It cannot be that after this mockery of democracy, these same people can just remain where they are."
wanna bet?
No, of course,
THEY ALL WILL BE PROMOTED
EU = Bankers trying to enslave a continent.
"Tools for Manhattan."
An island that would appear to be in it's death-throes financially speaking.
"Europe" picked the wrong Bankers for their "Union" would appear...
The Troika flip flopped and lost alot of cred, especially with that vindicating report that came out about debt relief being needed. It made sense, but the timing of the release was suspect. Why would they throw credence to the Greek position at such a critical time?
Not only that, but imagine how peripheral Europe is feeling right now. The Irish, Portuguese, Italians and Spanish all suffered austerity. Now they see the Greeks standing up and not taking it anymore, and they must be thinking, could we have done that too?
The Eurozone is screwed in its present form. The ripples that Greece started, have along way to go.
IMF doesn't need to roll any heads, they just need to continue to flip flop and they will whimper out of relevance.
Imagine Europe being like a large family of mostly retarded children and a german Mutti and one of the kids turned out extremely punkish but seems to have a spine and now the other kids started doubting their own existence.
Yes, Italy, Spain, Ireland and Portugal should have done what Greece has done. But they didn't. And that is the important difference.
So one does not have to say "Fuck the EU" anymore, they are fucked already.
For Europe's democratic heritage and enlightenment based ideals to prevail the changing of the guard is necessary
The EU are everything against those ideals. They are a stain to Europe, and more people need to realize it before they are overthrown.
The handout union is over. Its back to everybody fending for themselves again.
Unfortunately they ain't goin' anywhere and it seems they havn't changed their tune. We might have to expect the worst.
From a Greece point of view that is reasonable. From a EU/US point of view promotions are in order (FU and Move up). Did people of Greece vote their wallets/vote to avoid debt/vote for freedom, free from outside lending? Just what was the motive of their votes? Greece needs to define what they stand for and how this "stand for" is financed.
These events are like divorces, nothing pretty here and mistakes on all sides, lawyers/bankers win.
Kudos Yanis
a round of applause for yanis. whatever the reasons may be, he stuck to his guns and set in motion momentous changes.
real men? please. draghi screams like a little girl when frightened.
"let's not forget the U.S., because Legarde operates out of Washington".
Is that a joke?
I support & applaud your recommendation Tyler...Unfortunately, like the high level US politics they will only shift positions...Hillary here is a WONDERFUL opportunity to add an INTERNATIONAL role to your CV...PuuuLLLLEEEAAAZZZEEEE join the Troika & leave the US!
Goldmanites never resign or get fired.
so now Raul thinks that because Tsipras, the Greek PM, told Varoufakis to give in his Greek Financial Minister post...
... every eurozone PM would have to do the same with his FM? or "it's a sham of democracy?"
btw, how could for example Merkel get rid of Schäuble? the guy has his own support in her party. she'd risk to lose her seat if she attempted such a move
it just shows how little support Varoufakis still had in the Greek parliament that Tsipras could kick him, now
as a reminder, parliamentarism means that every minister is expendable, and can be kicked out
So can any member on Obama's Administration. Get kicked out, that is.
Unless they're a Goldmanite or (Self-)Chosenite. Then tell Obama what to do.
what I mean here is that in regard to Merkel and Schäuble, both need a majority in parliament just to keep their jobs
Now now GD, contain your glee, GV done his job, completed his tasks, finished with his part of the play, delivered his lines with panache - no post mortem required - actor / co-author / co-director extraordinaire
I suppose for Varoufakis what is important is how he is looked upon by his own people. At this moment, not too shabby.
His "creditor loathing" badge certainly makes him a welcome guest in Zero Hedge Town.
As for the Troikatard air pump, it will come at a price. Anyone with negotiating experience knows that causing a player to be ejected from the table is a hollow victory at best.
Ghordo
'she'd risk losing her seat . . . . . '
No worries it's your 2nd, maybe 3rd language and in general your written English is better than my own , although your content/substance is not a patch on mine, for the most part.
Listen Ghordo, the EU is a sham and i'd have no problem with my conscience in setting ALL these EuroPikers alight like the Nazis did in Odessa.
Listen, WTFUD... you do know that the EU could close it's doors today, go home in shame...
and not even the smallest thing about the EUR or the Greek Debt Discussion would change
"the EU" has become a mythical beast, always invoked for whatever fits the discussion... even when completely irrelevant
OT. I don't follow Platinum or Palladium. But has anyone noticed the beatings they have taken in paper price lately !!!
Now does this mean Gold has held up very well and Ready to move higher or is it next in line for the monkey hammer ???
Next in line for the Monkey Hammer only if CITIBunk wants to show a paper loss.
According to ZH they hold over 80% of the paper contracts and can move the price at will....as well as Silver.
They have that market cornered.
Varoufakis resigning was fairly smart move, it stops those extremely butt hurt Troika negotiators trying to get some sort of symbolic revenge.
These guys tried to force their will on Greece with no sensible reason except to defeat their will, make them entirely subservient. Of course what they were asking would have totally destroyed what was left of Greece's econonmy, but is was never about that for them, it was about totally thwarting and making an example of Greece. But their arrogance came back and kicked them in the nuts and help Greece set an example to the people of other countries in dire trouble, the last thing they would have wanted.
They never figured coming up against real non corrupt adults who would actually think about their own country first.
And as an expert on game play he recognises that his part in the game is played, the game changed, and neccessary to get out the way. The guys fucking brilliant, I suspect he will be seconded by Spain soon.
The funny thing is the Troika will keep the same people and same game play going, their arrogance wont let them admit they got out bluffed, out played by lowly Greece.
Varoufakis resigning is a consolation prize for the Troika...
Hats off to Yanis. Sad departure in my eyes. He knew what was what.
As for the slimeball EU bureaucrats. Not one of these fucks will go.
They are Teflon coated. Forget anyone on any welfare. These cunts bleed the system whilst doing absolutely nothing.
Yes that's you Juncker, Schultz, Tusk, Disselbloom, Barroso, who's that other weak weasel faced fuck ... oh yeah, Van Rompuy, and Draghi.
There are soooo many more, taking fat paychecks at all our expenses.
These are the real criminals. Time to sound these MFs out.
"Podemos in the queue."
Thanks for playing, have a nice day!
Well, if the troika doesn't play ball now, Tsirpas can always bring Yanis back for a little symbolic revenge of their own.
I don't see what democracy has to do with it -
Once negotiations start what difference does it make?
You assume the Troika has lost -- but they are not the ones with a collapsing economy and closed banks. What if the Troika does nothing for a while? Greece is in the same position as it was before the vote. Watch for the Troika's real plan - bank seizure a-la-Cyprus and forcing Tsipras out.
End the debt slavery and perpetual usury, hang all banksters!
Heads must roll?? Sweet!!! Now where'd I put that guillotine?
ECB, EU and IMF heads never roll (except for DSK). At worst, promoveatur ut amoveatur applies to them, but there are no open positions at the moment..
Failure provides a lucrative monetary advancement.
/sarc
Oh brother. The author of this article is naive. The Troika crew is going nowhere fella. That's not how the world works.
Look at the economies of Spain and Spain, the youth unemployment, the anger.
Seeing Greece give a symbolic finger to the Troika will inspire them as well. Yes Troika lost the game, because they lost site of what the game was, and were too hell bent on getting Greece to kneel.
If Hillary were a country .... she'd be Greece !
Hillary would rope up the rebels and provide civil unrest until her utopian democracy met her personal agenda.
Oh no .... and I was mean to you .... now I have to agree with you !
EU will most likely draft up a ISIS scare threat. You cannot make this shit up.
Something invented you ?
Merkel is now in a solid position to say NEIN to Greece's OXI, shut down the loan facilities, let Greece fend for itself, see how that goes. A lot of Germans would be happey if she did that and her support at home would grow.
For Merkel, it's Germany first, the EU second and membercountries a distant third in order of priority.
She's played along nicely, but if she wishes to rumble, the game will get very interesting.
"For Merkel, it's Germany first, the EU second and membercountries a distant third in order of priority."
That looks like a pretty solid list of priorities, considering she's elected by Germans to be the prime minister of Germany and look out for the German interests. So it's Tsipras (assuming he's doing what he genuinely think best, among a series of awful choices to pick among, for the Greek peple).
It's the priorities of several other European prime ministers that is seriously flawed, putting Eu before their own nations for... what exactly? being recognized as serious statists by the EU bureocrats? Not risking being openly torpedoed a la Berlusconi, Orban or Tsipras?
Actually for Merkel it's Merkel first and always has been.
She has sacrificed the interests of Germans in a futile attempt to protect her "legacy" of keeping the EU and EZ together.
Greeks are Ferguson Niggers .... but, with enough brains to organize themselves .... into proactive welfare unions !
Some of those Troika heads look like they would be making kiddy porn if they weren't glorying in their own self-importance on the europeane stage.
They are as creepy as hell.
Greece still has power in its hands, the power to default entirely, nationalise banks and totally fuck Merkle over.
If the Troika decide to attack Greece by sending them into abject poverty, well then Greece has nothing to lose so could simply go the nuclear option.
Greece remains the poisond pawn. LoL
Defective DNA by products who worship the Talmud. They rely on Transjenner and children sex slaves to turn a shekel.
Not kidding. Sick fucking people.
Not the Joo schtick .... again ?
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&...
Varoufakis fired Georgiou before leaving the Ministry of Finance, the chairman of ELSTAT who is accused of conspiring with EUROSTAT and the Papandreou government to cook the books and enter Greece into the bail-out programs and memorandums.
Things can get really ugly with the EU depending how this plays out. I'm not pleased with Varoufakis' departure.
EDIT: Here, official announcement https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&...
I hope that his Replacement will be just as tough, so that the Eurocrats can take the Heat in the next daily soap drama that will be The Blame-game, or As Eur Stomach Turns.
That way, if/when things break down or appear to, Tsipras has cover in that the Eurorats won't have V to blame for their failures.
Tsipras: "We really, really tried. It's not us, it's them" will be the mantra.
Where would the parasites go? They need to have a host to suck off of.
They should create an endless human centipede.
.
.
WHO is responsible for letting this CLOWN write for this site?
"WE call for..." YEAH...RIIIIIGHT; sweetie, you're the Queen, alright.
LOSERS - like Greece and YOU - don't have a speck of weight in saying who should stay or go.
But *please DO* continue; it helps remind us what a headless idiot sounds like.
Yanis now said to be going to head a European wide anti-austerity movement. They presumably thought that they had seen teh back of him.
Off to Italy to offer his talents in telling the troika to jam it.
"So we now call for Juncker, Lagarde, Schäuble, Dijsselbloem, Draghi, Merkel and Schulz to move over."
This is by far the most delusional "opinion" ever espoused (at least to my knowledge) in these hallowed pages. Surely you are not under the illusion that the Pedophile Politburo of BrUSsel$, Christopher La Garde dog, Baron Goldman Draghi and Mutti Merkel give one shit about truth, honesty and dignity? The show will go on and on and truth and responsibility have no place in the reptilian plan for total sheeple subjugation. These faithful minions of the reptile king will be going nowhere until Deutsche Bank disintegrates in a steaming pile of Goldman Suck$ toxic derivative feces.
Ma ba oh ba ma
You have "almost" created a palindrome.
"It cannot be that after this mockery of democracy, these same people can just remain where they are."
Wanna bet?
If my Joos ran Greece .... it would live up .... to all it's promise !
"That would be an utter disgrace, and the EU would not survive it. So we now call for Juncker, Lagarde, Schäuble, Dijsselbloem, Draghi, Merkel and Schulz to move over."
Fat chance. We are talking politicians here. They could destroy a nation from the ground up and cause mass death of its population but still would never resign. They are parasites without shame.
As a Jewish state .... Greece would be more defensible .... with all those little islands .... bristling with Mossad rangers !
Atomizer .... your new nick name is .... Adamizer .... not sure what it means (edit: see Avatar) .... but, it has a nice Jooish lilt to it ! LOL
Never, ever .... make fun .... of someone's hate for Joos !
Yanis wins. He is playing chess whilst the ECB plays checkers. Now that he is gone, who is the scapegoat? Unlike politicians Yanis and company took the job but don't want the job. The psychopaths listed in this article want the job, want to control, want to be emporers.
The Euro is a mismanaged Medium of Exchange (MOE), as they all are.
But the Greek government made trading promises that it did not, and will not, keep. And that is an affront to all the traders using the MOE. It is they who must make up the Greek DEFAULT through INFLATION and/or higher INTEREST payments.
Governments everywhere are doing what the Greek government did. They must all be forced to pare down ... and that's not austerity ... that's ceasing to make trading promises they will not, and cannot keep.
Governments must only be financed by tax collections and fees (not tarrifs and borrowing). When they can no longer extract taxes to deliver on their trading promises, that is the limit on their size and activity.
The marketplace must no longer tolerate government's universal propensity to DEFAULT. It should treat them like any other deadbeat trader ... refuse to trade with them.
Perhaps you've never heard of a gold standard? You know, like the one that existed to automatically balance global trade prior to 1971...
The euro is not just a "mismanaged" Medium of Exchange (MOE) --it's just another illegitimate ponzi scheme designed for skimming.
Perhaps you've never heard of a gold standard? You know, like the one that existed to automatically balance global trade prior to 1971...
I was there. At that time I believe gold was exchanging for over $70 an ounce. But the official government number was $35. The horse was already out of the barn. The ship had already left the port. The train had already left the station.
But the French saw the opportunity to buy $70 gold for $35 ... and they exploited it.
It's kind of fun watching history you actually experienced get rewritten ... and then being told "perhaps you've never heard."
Perhaps you favor the so-called gold standard. Perhaps you can tell us how it works. Go ahead. Give it a try. And be sure to show us how it resolves problems we have now without bringing on new problems as bad or worse.
As always all i need to do is read the headline of the post and the brief summary and if it is the most ludicrous shite i ever read, i know it came from one source - this fookin retard.
http://europa.eu/rapid/press-release_IP-15-5270_en.htm
In case some of you haven't read the actual proposal by Juncker, check the attached pdf. Many details are unclear, but the core idea remains financial carpet bombing.
EDIT: Also no chance in hell for national unity government, don't listen to buffoons.
EDIT2: Yanis Varoufakis remains an elected parliament member, legally he can always make a comeback. Don't listen to "enraged Tsipras demans resignation" scenarios, they're BS.
Juncker, Lagarde, Schäuble, Dijsselbloem, Draghi, Merkel and Schulz
This is the troika's best and brightest (and cunt-iest)
Q: what would they replace them with?
A: someone even shittier and more incompetent. Bring it on.
And BTW, Yannis eats and drinks for free in my house from now until the end of time. Motherfucker knows how to make an exit!
Can any Greek ZH'ers give us any info about the new guy?
Juncker, Lagarde, Schäuble, Dijsselbloem, Draghi, Merkel and Schulz
...well...most (all?) claim to have doctorates. We do see parallels:
Juncker - Dr. Goebbels
Schäuble - Dr. Strangelove
Dijsselbloem? Hell, it's the glasses -- Dr. Mengele
Put 'em in the dock at a new Nuremberg, and play them at their own game, i.e, nuke Berlin and Brussels if the verdicts are not satisfactory, "just to encourage the others".
Lagarde and Merkel -- into the pit in thongs, mud-wrestling to the end.
It dismays me that this site, which i follow religiously, wastes its time giivng this moron a voice. He is just another worthless blowhard with his own useless opinion. Shit then i should become a columnist, i can also espouse extremist views That have zero effing chance of ever materializing. Again lose this guy, his views are guaranteed to never give anyone actionable advice. WASTE OF SPACE
Shit then i should become a columnist, i can also espouse extremist views
You sure can't (or shouldn't) with with sentence structures like that.
The incompetent, the lazy, the stupid, the evil .... suddenly perk up .... when they find someone else to blame i.e. Greeks, Muzzies, Negroids .... for what they should fix themselves !
Sieg Heil !!
ooo, sorry; but didn't you play the starring role in 'Springtime For Hitler'?
Trying to fix Greece .... is a daunting challenge .... like trying to produce more black engineers .... without lowering standards !
On Varoufarkis' blog, one commenter remarked,
"Isn’t it time for Yanis to become the next Governor of the Bank of Greece?"
I think such a possibility is spot-on --not necessarily in terms of such a position specifically, but as a prime example of what is most likely. We are witnessing, after all, a game of chess, not checkers.
Moreover, the reasons given for this quasi-forced resignation are merely those that have been in force since the day he was appointed to the role. Say what!?
The EU bureaucrats don't want him in the room --so he resigns? Only a card-carrying member of the flocked-up, woolly hoi polloi would believe that's all that's happening here.
The fact that Merkel et al cannot possibly balance the proper function or even survival of the EMU with her mandate as head of state in Germany shows that the Euro Project is fatally doomed not just structurally but politically as well.
This 'Greek Crisis' has made that abundantly clear. One can bash the players endlessly over mismanagement of negotiations, unfairness, callousness, etc. but the fact remains that this Euro thing is a failed construct.
They're playing square vs. round pegboard at this point and need to wake up to reality.
Imagine Varoufakis taking on Congress. Priceless. He would be last man standing. Give the man a medal.