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Beware Greeks Bearing Nothing: Eurogroup Ends, Dijsselbloem Statement To Follow
In one of the shorter Eurogroup meetings in recent history, the Greeks came bearing nothing and today's "final, final, final" "last chance for a deal" conference ended just after 2 hours in.
That's it for today's #Eurogroup.
— Alexander Stubb (@alexstubb) July 7, 2015
The Greeks may come back tomorrow bearing a new proposal but at this point it is rather clear what the endgame is. In a few moments expect Diesel-BOOM to explain why nothing got done again, and why it's on the Greeks if the Eurozone dominoes...
... start falling next. Here are the highlights of what Varoufakis' nemesis just said:
- DIJSSELBLOEM SAYS EUROGROUP TO DISCUSS MEDIUM-TERM ESM PROGRAMME FOR GREECE
- DIJSSELBLOEM EXPECTS FORMAL GREEK REQUEST FOR ESM WEDNESDAY
- DIJSSELBLOEM: NEXT STEP IS NEW GREEK LETTER
- DIJSSELBLOEM SAYS ECB TO ASSESS SITUATION IN GREECE ON A DAY TO DAY BASIS
- DIJSSELBLOEM SAYS THERE IS A GREAT SENSE OF URGENCY
- DIJSSELBLOEM SAYS TIME IS VERY SHORT
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Silver and Gold....Hmmm. Got my keys to the truck ready, and I am pumping up the raft...have the oars. Anybody in on a lake voyage. My metals want to go swimming.
Notice how all the gold you have been buying is new ? Its because mine supply is the only thing keeping the physical flowing. Once they are all broke in a few months time, there will be lockup.
It is being reported that the State Department in the US has their 'regime change engineers - CIA' setting up for a Greece government overthrow. The reason being is to ensure that they do not cozy up to Russia (or China) in any future economic pact. They would have fits if Russa was able to establish a large naval port on a 100 year lease inside Greece for a few billion Euro payout..
I would suspect that the heads in Europe are in the know on this and fully supportive. By turning Greece into a rioting / ISIS infected / famine / war riddled country Spain and other leftist parties will be kept in line and continue indefinitely to extract taxes from their populance to pay Eurocrats and their $500 muffin plates. The Greece government thinks they are in control now - they do not even know any future negotiations with them are just to let them continue thinking that while their replacement is being setup.
After the country is crumbled into starving anarchy a puppet department will emerge fully accepting austerity, and shooting anyone in Greece that still has the word 'referendum' in their vocabulary..
Does Greece need to explain themselves? Either restructure the debt over a much longer period of time, not to mention at those famous zero percent interest rates, or eat our debt. That's the deal. Get it? By the way, Douchebomb, time is short for whom?
Greece doesn't want the party to end. Podemos in Spain just wants to watch the world burn and this'll give them plenty of ammo. By the time LePen's turn comes around, there may not be much of an EU left......
DIJSSELBLOEM: LUNCH TODAY WAS AWFUL WE WERE FORCED TO BREAK AND GO TO LOOK FOR DECENT FOOD.
Well that was quick....to the buffet men!!
Green shoots! Summer of robust recovery! Yellen is Time's Man of the Year!
Dijsledoboeiuem has nothing new to add. Go back to watching the monkey hammering.
Good night everyone.
Greeks wearing nothing? This isn't news.
Two hours? That long? I bet 90 minutes was spent around the coffee urns and danish table.
They probably want Yanis back
The Photos take an hour or so...
I'm sure is going to announce a new team-troika cause the last one was a fraud.
What's there to talk about?
Unpayable debt, unsustainable promises on both sides.
Go home, and quit stealing the working folks money for your parties and yachts.
Just what is there to talk about except addressing the key issue here - debt forgiveness/relief/repudiation? That is the only way forward.
Anything else, including the German "austerity" solution is fucking bullshit.
Wrong. The key issue is that the Greeks refuse to live within their means. The Germans were idiots to loan them money in the first place. Now they want to play hard ass, too late. It's their Lehman Moment (tm).
I believe they spoke differently at the referendum. You are confusing the Greek Poeple with the Greek Elites.
Confusing with Goldman Sachs perhaps, who are the real villains in this mess.
GS is nothing more and nothing less than a parasite that feeds off the stupid. The reason it's easy for them, is because the stupid are so predictable.
The myth of the Skittle-shitting unicorn is alive and well on ZH.
There's a deal and it'll be released once the insiders have positioned themselves to capture many, many assets from weak hands.
No worries. It's feckin summah time. Tsipras and co got shelled last night on ouzo at a Greek resort. First fight out to Brussels this morning. Too hungover to understand Dutch. Fuck it, lets get some mussels and monastery beer ... there will be a meeting tomorrow. Ahmmmmm.
BULLISH DAMMIT !!!!
BUY BUY BUY !!!
A mexican standoff. Who can last longer the Greek people or European bond markets. Bonds have to start pricing in this risk as they now are looking at the distinct possibility of being worthless for several little dominoes.
I never thought an empty trojan horse could be so effective.
In a long enought timeline..they all are worthless....problem is you have to eat everyday....
This Greek drama may just be the start of a worldwide rebellion against those rich fat pigs who control the working class. This has become a class war.
If events keep unfolding at a drip, drip, drip pace then I tend think it's going along as carefully planned by the globalist pigs. When things start happening quickly, for example bank run contagia in the other PIIGS, maybe they're losing control. I think the term is velocity.
Some Farm Animals are More equal.
Mr Dijsselbloem, I would recommend a little wisdom from the 3 Stooges...
(Reuters) - Western Union Co said it restarted money transfer service in Greece, allowing customers in the country to receive funds from overseas.
The company said although the entire amount transferred would be credited to account holders, customers would be able to withdraw only 60 euros ($65.58) daily as per the Greek government's recent capital-control measures.
The world's largest money transfer company shut its services in Greece on June 29 for a week, after the country closed its banks to limit strains on its crippled financial system
Yanis has promised to knock up a proposal for them, later this evening, when he gets home from the taverna.
And he will exclusively publish it in the ZH comment section.
Heard it here first, guys!
Euclid has had his last free lunch :)
Looving the comments here, yet again all pointing the finger at anyone and everyone except the Greeks themselves (or to be more specific, the successive Greek governments of the last 20 years and those who gained by voting for them.)
Greece should tell straight to the EU of the traitors that it will not pay any more debts : so the Eu should only consider wiping out the total debt or nothing . If the castle of cards will collapse it's the fault of the criminals banksters and their friends in the EU.
No more free lunches for the banksters . No more piling up and extending debt obligations . The party is over ...... EU go Fu... yourself .
That was a tough choice? Continue to be the bankers bitchez or stand together as a people and face some unpleasentness unified, with heads held up. As there will be no new negotiating Greece should look to the Icelandic solution as the way forward....the rest of us will follow in a little while.
... Grexit is not the answer; Grexit is the question; "Yes" is the answer ...
Greece was always going to be the convenient whipping-boy for a future EU collapse.
Caving in just two hours means they already have deal someplace else.
The Greeks should now say "Sorry, but no more meetings in Brussels. We have no money left for the airfares and hotels any more. All meetings will have to be held in Athens.
"Sorry about the ongoing riots while you are here - and bring your own security details!"
If the EU was disnintegrating in a Microwave oven the world would still be yelling at it to hurry the fuck up.
Eurogroup can't and won't do shit with this. It will be solved at the political level (if at all).
...but those same people would argue that this is exactly what the plan was all along. cause chaos, restore order with ANY unconventional means. n'est pas?
a free, self determined country does not fit with the NWO planning..just the opposite.
What did they think, the guy was going to drive up in a truckload full of gold he had buried in his back yard? Besides, they probably picked him from the lineup.
Next.
This crisis has its roots in decades of dysfunctional government in Greece, based on patronage and privilege, borrowing recklessly to create a bloated public sector in exchange for votes. The Nea Demokratia / PASOK double-act has been passing the baton of office back and forth for their mutual benefit at the expense of the country for years. And now we are being told it is the Germans' fault, and all those 'orrible nasty Eurogroup ministers, even though it is THEIR taxpayers who have been bailing out this rotten apple with gererous (yes, generous) terms. No wonder the Germans are now saying "wir haben genug!!!" Their shouts may not be as loud or colourful as those in Athens but they are 100 times more justified.
So... What happened to all of the other EU countries that are in deep debt shit now?
It's all Greeces fault. Right?
"And now we are being told it is the Germans' fault, and all those 'orrible nasty Eurogroup ministers, even though it is THEIR taxpayers who have been bailing out this rotten apple with gererous (yes, generous) terms."
The cretins who lend money to a broke country should SHUT THE FUCK UP when the shit duly hits the fan.
"Laws are like sausages, it is best not to see them being made." Otto von Bismarck
Negotiating with Greeks is like walking past an unflushed toilet.
>>> borrowing recklessly to create a bloated public sector in exchange for votes.
Try borrowing recklessly to create a bloated public sector for purposes of backshesh.
The general public never saw more than a tiny part of the money, it mostly went to the banksters and their crooked cronies.
in 1989 the Berlin wall came down prior to that 3 million east Germans went for a picnic in Hungary. not a shot was fired. a peaceful revolution took place. Greeks are Europeans. this is a European problem. 14 nations agreed to a joint dinner. the bill needs to be split 14 ways. food for thought? tomorrow tsipras says free airfare free petrol free boat trips to the capitals of Europe for the Greek people, only need a passport for free movement of goods and people in Europe. now each country has to give a house food and benefits to the Greeks,say 100,000 per city think that would wake up the leaders. butt twitch time.