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All The Latest Greek Headlines
Today's "final" Eurogroup meeting is yet another "last" chance for Greece to stay in the Euro according to Greek headlines. The meeeting begins in minutes, at 12:30pm CET/7:30am Eastern so expect the usual torrent of "Greek deal" headlines which send the S&P surging followed by prompt denials which the S&P algo soundly ignore. By now the game is quite familiar to everyone.
A snapshot of the just commenced latest Greek Eurogroup meeting. Will it be last one?
#Greece- #Eurogroup begins pic.twitter.com/sCBRMsQFrE
— Frederic Jung (@Frederic_Jung) July 7, 2015
Here are some of the soundbites as the Euro finmins are unloaded:
- Schaeuble Says He’s Waiting ‘With Excitement’ For Greece’s Offer, asked if Greece can keep Euro says, must ask Greek government.
- Germany's Gabriel says elite in Greece has plundered country for years, Europe just watched it happen
- Finnish FinMin Stubb says - Euro Zone not looking at bridge finance for Greece 'at this stage'
- Belgian Finance Minister Says Greek Banking System in ‘Freefall’
- Dombrovskis Says Grexit Can’t Be Excluded If No Credible Plan
- Slovak finance minister says nominal debt relief for Greece impossible
- Moscovici Says We need to prepare future with Greece in the eurozone and to avoid Grexit
As we said, the usual. And for those who are just catching up, courtesy of Reuters and Bloomberg here are the latest headlines over the past 12 hours (all times GMT):
- 1125 - Malta's Sciluna says it's time to be prepared for a well-managed Grexit, says we have received absolutely no proposals from Athens
- 1113 - US stock index futures pare gains after Finnish finance minister says Eurozone not looking at bridge finance for Greece "at this stage"
- 1058 - German Finance Minister Wolfgang Schaeuble says debt writedowns are not possible under bailout rules.
- 1051 - Russian Economy Minister Alexei Ulyukayev says Greece has not asked Moscow for financial help, although the two have discussed joint investments.
- 1024 - Proposals that Greece will present on Tuesday do not differ significantly from the reform plans that Greeks rejected in a referendum on Sunday, Germany's Sueddeutsche Zeitung says, without citing a source.
- 1021 - Fifty percent of French people want Greece to leave the euro zone, according a survey by pollster Odoxa in daily Le Parisien.
- 0952 - Europe could talk about reducing Greece's debt burden if the Greek government shows it is implementing economic reforms, German Vice Chancellor Sigmar Gabriel tells Stern magazine.
- 0904 - European Parliament head Martin Schulz says he is in favour of Greece staying in the euro zone, having said on Sunday it might have to introduce another currency if its voters rejected bailout terms.
- 0800 - The Athens stock exchange will remain shut until Wednesday, the Greek Capital Markets Commission said, in line with the closure of the country's banks.
- 0711 - European Commission President Jean-Claude Juncker says the ball is in Greece's court to come forward with proposals to resolve its debt crisis.
- 0711 - A unified negotiating stance from Athens should ensure that Tuesday's euro zone summit makes more progress than the last round of Greek debt talks, Germany's EU commissioner Guenther Oettinger says.
- 0627 - Euro zone governments could consider writing off some of Greece's debt if Athens commits to a package of reforms, Luxembourg's Finance Minister Pierre Gramegna says.
- 2055 - European Central Bank's Governing Council member Ewald Nowotny says bridge funding is a possibility for Greece while a new bailout programme is being negotiated.
- 1958 - Tsipras spoke to ECB told Mario Draghi there is an immediate need to lift capital controls, a government official says.
- 1947 - International Monetary Fund chief Christine Lagarde told Tsipras the institution cannot provide funds to countries that have missed payments to it, an IMF representative says.
- 1927 - Spanish Prime Minister Mariano Rajoy say negotiations with Greece must continue but be concluded quickly.
- 1912 - The ECB demanded an increase of around 10 percent on some Greek bank collateral offered for emergency funding, although the overall impact of the change is set to be limited, a Greek banking source says.
- 1822 - Euro zone countries are open to discussing a new programme for Greece, Italy's economy minister says.
- 1745 - The European Central Bank says it will keep emergency liquidity assistance to Greek banks steady and says it will use all instruments in its mandate to preserve financial stability.
- 1729 - German Chancellor Angela Merkel and French President Francois Hollande, meeting in Paris, urge Greece to quickly make "serious" proposals to reach a cash-for-reform deal.
- 1714 - The White House says Greek and European leaders should seek a compromise that allows Greece to remain in the euro zone.
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The wheels are spinning but nothing is happening to rescue Greece. Typical.
They don't want to 'rescue' Greece. They want to make it as painful for them as possible (as an example to the rest of S. Europe). I think the most the Greeks could hope for at this point is for their debt to be extended and payments stretched out over a longer term. And even that seems a bit unlikely. I can't imagine them getting a legit write-down without going the DIY route (default, leave the Euro).
Exactamundo!
With Clusterfuck cheese and crackers on top. Reminds me about the larger and more complex a system becomes the worse it gets ....
gotta love it ..... "Fifty percent of French people want Greece to leave the euro zone" while "50% of the Greek people wish the French would either take a bath or simply die."
Clown Car Show Incarnate Memories of the Chevette I owned once
#Greece
Slovak finance minister Peter Kazimir Tuesday said that "debt relief" for Greece is a "red line" for his country. "I am rather sceptical that a deal will be found today" he said, adding that prolonging a decision on Greece would be "detrimental" for both…
Real Live Ticker:
https://tersee.com/#!q=greece&t=text
EU fucks are truly the Michael Jordan's of masterbaition. Just wank and wank and wank.
Take a hint. Greece is just not that into you, Hans. You lost the bet.
Then take a hint from me fuckfacos: get the fuck out and stop whining for handouts.
It is not about the bureaucrats, but about the ordinary Greek workers and pensioners. They, as always, bear the consequences.
All fine and good talk, there is no mechanism for a country to leave the EU...... I am very surprised that Greece hasnt tried to go legal yet. Kind of like kicking out a non paying renter. It aint easy....
If there's no mechanism, then they just don't pick up the phone and ignore Brussels. Simple
HURRY! While there's no paperwork!
so many chefs in one kitchen- will the head chef plez step fwd?; what a clusterfuck of money games to fleece a small nation of it's sovereign status - defined:possessing supreme or ultimate power.
"in modern democracies the people's will is in theory sovereign"I'm fucking bored with this Greece debacle at this point.
Has Jade Helm turned from "conspiracy theory to conspiracy fact" yet? Need something more exciting than this lumbering train wreck in Europe. Like China's stock market situation going critical and causing real unrest.
So apparently there is a small town in Italy that specializes in counterfeiting Euro's and the number of these "fake euro's" has soared quite significantly.
Are they taking away Greece's powder to. Print or not?
If not: keep printing.
That is legal tender unlike what is coming out of Italy.
(No wonder Ferrari's IPO was so big.)
The goal should be to "make the Greek rate the euro rate" would seem
And then talk about "responsibility" from there.(and vice versa too.of that if possible...which I think is doubtful but certainly worth striving for.)
Makes one wonder who even accepts this paper outside of Europe and why actually.
It matters not what the voters in Greece vote for or against.
Banksters Inc. will have it their way, regardless of what some serfs may want.
They have a budget surplus. They need dollars.
They have tourism so raise dollars, pounds that way.
Euro's as well of course.
Might need some type of border tax for entrance into Greece over land. An import tax to run the Port of Thessolaniki.
If we're talking IOU's send those to Brussel's not your own Government people.
So, what happens in Greece now? After Iceland's financial collapse they endured a few years of economic hardship, but now unemployment is down to 2% and the population is at its all-time high and still growing. Greece should be all right if it can avoid a civil war.
Putin's move:
1947 - International Monetary Fund chief Christine Lagarde told Tsipras the institution cannot provide funds to countries that have missed payments to it, an IMF representative says.
That is true for the entire euro-zone now.
"Advantage : Greece."
http://market-guru.co.uk/euro-contagion-to-see-0-85-eurusd/
Euro will hit parity then 0.85.
Interest rates could definitely continue to rise.
That should be euro supportive.
Then again...
From photos I have seen, the Greek people look like they are (were) better off than the people here in the USA. They dress much better and have better hairdos. Here, the only job secrurity is working for the PPT, and everyone for the most partlooks like a poor depressed slob. I guess the ECB can show photos of Americans, with captions that say "This could be you" to the Greeks if they want to scare them into compliance.
That is because they are not bad off....they are working under the table...all cash..paying no taxes at all....they are Greeks..this is what they do...cheat...
So he walks in and says we are not going to pay you the 370 billion we owe you..thanks for the money..but hey..can you give us another 50 billion to tide us over for this year...my people do not like to pay for anything..it woud be a nice jesture on your part....lol...and thats about it....time for lunch anyone...
Forget the headlines. Unless Greece can cause turmoil in the markets it will find itself in a headlock of asphyxiating magnitude.
This was the same mistake it made when the crisis first hit. Had it defaulted back then the world would have gone into a spin and crashed but we would have at least recovered on a more secure footing since then.
best option - debt write-off and no more money - balance your budget and carry on
This is why the Euro wet dream won't work, it will end up splitting apart Europe.
The dumb fucks forgot to take into account of bad times, all they had in their minds were rainbows and unicorns - "we're all going to get along happily ever after".
Nobody thought about anything else, and now we have a situation where countries are being pitted against each other because some Eurocrats can't let go of their obsessive cult and of course, the suckers to this system are mislead that the handout union can go on forever.
Greece would be wise to leave the Eurozone shitshow. Yeah there will be suffering, but the people are quite used to it already, they are "buffered" psychologically. Once Greece regains competitiveness with a cheap Drachma, tourism will flourish, foreign money will flow and foreign investment will come. Its not the end of the world as the Brussel psychos and their media lackeys are painting it.