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Merkel Mocks Greece And The Referendum: There Is Money, But The Deal Is Much Harsher Now (And No Debt Haircut)
Another day came and went with no breakthrough in negotiations between Athens and Brussels as new Greek FinMin Euclid Tsakalotos reportedly showed up to Tuesday's Eurogroup with nothing to discuss.
With the ECB tightening the screws on Greek banks and the German finance ministry as well as German lawmakers tightening the screws on Angela Merkel, the Chancellor is drawing a hard line toward the Greeks in the face of calls for debt writedowns from the IMF, Greek PM Alexis Tsipras and the Greek people.
- MERKEL SAYS IF GREEK REFORM PROPOSALS ARE SATISFACTORY AND PRIOR ACTIONS TAKEN, SHORT-TERM FINANCE CAN BE PROVIDED: RTRS
- MERKEL SAYS SHORT-TERM GREEK FIX HINGES ON LONG-TERM PROPOSALS
- MERKEL SAYS GREECE NEEDS MULTI-YEAR PROGRAM
- MERKEL: GREEK PROPOSALS HAVE TO GO BEYOND WHAT BAILOUT INSTITUTIONS DEMANDED BEFORE REFERENDUM
- MERKEL SAYS GREECE WILL NEED STRONGER MEASURES TO PLUG FINANCING GAP BECAUSE OF ECONOMIC DETERIORATION
- MERKEL: EU TO DEAL WITH GREEK DEBT BURDEN AT END OF PROCESS
- MERKEL SAYS EURO LEADERS DIDN'T DISCUSS AID PACKAGE SIZE
- MERKEL SAYS SHE ISN'T 'ESPECIALLY OPTIMISTIC' ABOUT GREECE
- MERKEL RULES OUT DEBT 'HAIRCUT'
- MERKEL SAYS ECB BRIEFING SIGNALED GREECE NEEDS SUNDAY DECISION
More from Reuters:
German Chancellor Angela Merkel said on Tuesday she hoped to have sufficient reform proposals from Greece this week to be able to ask the German parliament to approve negotiations on a new long-term aid programme for Athens.
She said all 28 European Union leaders would meet next Sunday to discuss support for Greece provided Prime Minister Alexis Tsipras put forward detailed reform proposals along with a loan request by Thursday that were considered satisfactory.
If the reform list was adequate and Greece took some prior actions to enact first measures, Merkel said she was sure that short-term finance could be provided to help Athens over its immediate funding needs.
In other words, Merkel just told the Greeks yes, there is some money, but forget debt haircut, and the new deal is far harsher than what was on the table because the Greek economy is now imploding. Also, the deal will be 2-3 years at least to start, so even more austerity is on the table. So to all those who voted "Oxi", if you want your deposits unlocked well... tough.
The headlines keep coming hot and heavy, in which we find that Europe now thinks it is Greece's god:
- MALTA'S MUSCAT SAYS `SUNDAY IS JUDGMENT DAY'
As Bloomberg reports, "Sunday now looms as the climax of a five-year battle to contain Greece’s debts, potentially splintering a currency that was meant to be irreversible and throwing more than a half-century of economic and political integration into reverse. “We have a Grexit scenario prepared in detail,” European Commission President Jean-Claude Juncker said, using the shorthand for expulsion from the now 19-nation currency area.
And just so it is clear who is calling the shots, here is Juncker explaining:
- JUNCKER: LAST MOMENT FOR GREEK GOVT WILL BE MONDAY MORNING
What happens then?
"Our inability to find agreement may lead to the bankruptcy of Greece and the insolvency of its banking system,” European Union President Donald Tusk said. “If someone has any illusions that it will not be so, they are naive."
And just in case Greece decides to disobey, Europe is ready to treat Greece as an African nation:
- JUNCKER: EU COMMISSION HAS HUMANITARIAN PLAN FOR GREECE IF NEED
The only good news for Greece, which was just clearly reduced to a vassal nation state of Europe, is that Merkel did not demand Tsipras' head on a silver platter. Then again, if he does indeed fold, it may be the Greek people themselves who ask for it instead...
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Exactly. The people voted and it appears it means NOTHING. German banks decide the policy going forward regardless of the vote.
MERKEL: GREEK PROPOSALS HAVE TO GO BEYOND WHAT BAILOUT INSTITUTIONS DEMANDED BEFORE REFERENDUM
Meaning “all of you will pay dearly, whether you voted OXI, NAI, or didn’t vote at all”.
Greeks are idiots for still wanting to keep the Euro.
Looney
The greeks expected a woman to be generous with money? lol.
Aw, she's just tryin to scare the PIIGS outta trying the same thing!
another "last moment" ....... again
they really mean it this time
"...
German Chancellor Angela Merkel, perhaps the most powerful woman on earth and the principal engineer behind Europe’s campaign to resolve its debt crisis, has shrugged off a new book that claims she was a very active member of the Communist Party during her youth in (then) East Germany.
The book, by German journalists Ralf Georg Reuth and Guenter Lachmann, entitled "The First Life of Angela M.," indicates that Merkel designed and led a Marxist-Leninist education program in a unit of the communist state's youth wing – a role that goes significantly beyond the “cultural duties” for the Free German Youth, a communist group that all young East Germans were required to join, that she had previously referred to.
The book alleges she was responsible for "Agitation and Propaganda (agitprop)” -- meaning, she spread communist ideology. ..."
http://www.ibtimes.com/red-scare-was-angela-merkel-devoted-communist-her...
CEDE YOUR SOVEREIGNTY GREECE.
... Merkel is going full Urkel ...
... "Heavens to Murgatroyd! Grexit, stage left, Snagglepuss!"
A conversation that Merkel thinks just happened:
Merkel: Dis is vat you must do!
Greece: Yeah, no that's not happening
Merkel: You dun't understand, I really mean it dis time
Greece: Oh, why didnt you say so, we'll do what you asked
Come on Tsipras. Grow a pair and tell Frau Merkel that the Greeks won't accept any less than a 50% haircut of your current debt balance. Screw the ECB and the Germans.
Get The Fuck Out Of EU While U Can...
SPAIN Italy Etc Will Follow Down The Line...
These people are CRAZY!
"You didn't bankrupt that yourself"
These people are gonna leave the Euro "mechanism", EU and NATO at this rate!
Bitch acts like she's calling the shots. Let's see, hmmm. Greece: Same offer as last offer - Either restructure our debt over 40 years, at the oh so famous ZIRP lending rate the banks get, or the debt is ALL YOURS! Your call. We're good either way.
Have newly appointed government information minister Yanis Varoufakis deliver Greece's answer.
Greece!!!! You are on double secret probation!!!!
The Greek gods will vanquish the Germans.
Hubris will vanquish the Germans, as usual.
Greek Defense Minister Panos Kammenos’ remarks, as reported by Reuters on February 10, 2015: “…if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan B. Plan B is to get funding from another source. It could the United States at best, it could be Russia, it could be China or other countries,”
Merkel must be getting senile... No haircut, no deal, pretty simple... What is she going to do, persoanlly turn off the lights in Greece?
There isn't going to be a default, because it would trigger all the CDS's floating around and implode Douchebag Bank...
Spoken like a true jew bankster's muppet.
Is another so called holocaust really a surprise?
Muthrfuckers!
Merkel apparently doesn't even believe in a haircut between her legs up high. Just look at how that POS looks and say to yourself what hope does Germany have going foward with shit stains like her running the 'cunt-ry'
* MERKEL SAYS THE NUMBER OF "LAST TIME" ULTIMATUMS COULD EVENTUALLY RUN OUT...MAYBE.
*MERKEL SAYS DEMOCRACY DOESN'T MATTER, DEMOCRACY DOESN'T EXIST, ONLY THE BANKSTERS GET TO MAKE THE RULES IN THE OLIGARCHIC EU EURO CONSTRUCTION
*MERKEL SAYS GETTING GREEKS TO PLAY THE LOSING BAILOUT GAME HARDER THAN PULLING GOLD TEETH FROM DEAD JEWS INCINERATED SKULLS
Dude, has someone played a practical joke on you and fed you a spoonful of Wasabi instead of pistacio ice cream, so now you can hear what dogs hear?
I agree with all what you said, just swich the caps and bold off. Or buy a new keyboard.
Greek Groundhog Day - same as it ever was, these Summer days
https://www.youtube.com/watch?v=98AJUj-qxHI
And you may find yourself living in a shotgun shack
And you may find yourself in another part of the world
And you may find yourself behind the wheel of a large automobile
And you may find yourself in a beautiful house, with a beautiful wife
And you may ask yourself
Well...How did I get here?
Letting the days go by
Let the water hold me down
Letting the days go by
Water flowing underground
Into the blue again
After the money's gone
Once in a lifetime
Water flowing underground
I.... I'm climbing up, up the corporate ladder!
Watch Out! Well, It's dog eat dog.
Nose against the grindstone, it feels alright.
Watch out, hey! Well, It's dog eat dog.
Sometimes I can't believe this is all really happening!
Sometimes I can't believe that I'm really sitting here!
Sometimes I tell myself, "This is not my beautiful stapler!"
Sometimes I tell myself, "This is not my beautiful chair!"
https://www.youtube.com/watch?v=FWhsuqFj8kU
Juncker: "Those are my principles, and if you don't like them... well, I have others."
Only 50%? They should go the Ivory soap route. You know, 99 44/100% haircut.
www.onlinerichesunleashed.com
Any use of the word "screw" and the name Merkel should be banned from print.
She could be fun, in a leather and whip kinda way.
The communists have always been the tools of the GLOBALISTS just like Al Qaeda and ISIS are the tools of the NeoCons.
The communists believe that nobody should have the ability to acquire property.
The GLOBALISTS believe that only they (the 0.0001%) should have the ability to acquire property.
Not that far off (0.0001%) when you think about it... gotta go... serfs up!
Oddly enough, the so called leaders of a communist country live pretty much exactly like the .0001%.
Communism is a lie and always has been.
How is the EU-SSR that much different than the old DDR?
for realz. they are super serious this time.
Cereal
Sireal
She can say whatever the fuck she wants, Greece is flat broke, and you can't extract money out of a bankrupt government. That which can't be repaid won't be, simple as that. Dumbasses never should have lent them the money in the first place.
You can't extract money from a broke person, but you can blackmail them into more debt and make their children pay for it...
But if a whole country is flat broke, where are their children to get money and pay off the debt? The most likely outcome is the children would find a way to leave even if by foot. Same folks still holding the bag.
Greece needs to exit the EU, go back to drachma, and form alliance with Russia for defense/economic reasons. I may be wrong but it is what I would do at this point.
Even if Moscow would treat Athens better than Berlin, Moscow would still be their master.
Greece should leave the Euro to be their own nation again. That's what these European nations need to do is rediscover their own communities and stop listening to people say Europe will inch even closer to outright war.
One of the funnier aspects of this is that they won't declare Greece in default because they are straight up fucking terrified of capitalism.
Can not argue that Hal and well said.
true. and yet the Greeks think they get more? how fucked up is this?
The Greeks aren't being asked to pay anything you moron, they are being asked to reform their corrupt welfare state before they are given even more billions.
Thank god there's at least 1 person willing to stand up to those lazy, corrupt, spendthrifts.
Merkel of course would love to just write off the debt and be done with them, as she knows, no matter what promises the Greeks make not to waste the money this time, it's all bullshit and they'll be back at the trough begging for more in 6 months.
Maybe if you understood that you'd realize why it's dragging out. Greece of course doesn't want to walk away, they get no more money!
Everyone knows they will never pay a cent of what they owe, the only question is will they succeed in extracting more before they finally go belly up.
Merkel's trying to prevent that but can't formally kick them out. So she plays hardball, and I bet at the last minute she increases the demands. Good for her, throw the bums out!
Germany got a lot of debt relief after WWII. Germany did not pay repatriations to Greece. Germany has moved from military warfare to financial warfare. The banks orchestrated the current situation. Nobody wins in the end and everybody (other than the banks) suffer....
She's overconfident, because "they" told her there's no downside if the taxpayer-backed loans from the EU's bailout fund -- which total €246 billion of the €323 billion total Greek debt -- default. Except "they" are wrong, all wrong. Mr. Market has finally woken up, after his long drug-induced stupor, and he's going to start giving haircuts at the neck...
http://i2.cdn.turner.com/money/dam/assets/150127131739-greek-debt-chart-...
source: http://money.cnn.com/2015/06/29/news/economy/greece-banks-internation-ex...
And yet you believe the U.S. will retire their debt.
Bullshit! Merkel is scared of what might happen if default is declared and capitalism given the chance to clear her and her bankster brethen out of the way of progress.
This might be true, but she has a pretty good poker face.
Bravo!
These fcks fear capitalism....they are dumb fcks too because they only know how to win by tigging and cheating.
What is she supposed to say? "Earlier some private entities lent money to Greece, and we had to bail them out, even though we knew at the time we weren't seeing that money again. Now we have to make noises like we are trying to get the money back. Sorry people."
THEY ALL CAN STILL PRINT EUROS AND SO CAN WE...that's what she says.
Even friggin Finland and "the Lats" have a problem with that THEY can drop out!
This is not complicated...although the various permutations presented here are ABSOLUTLEY fucking hilarious.
NOW MOVE ALONG!
TIME TO SHIP OUT DAS AUTO, YAH?!!!??
So spells Merkel reminiscent of the rhetoric speaking parrot Psaki.
Merkle is mentally broken; she is signing her own Death Warrant.
There is a thin line she just crossed from economic pressure to all-out "destroy your life, your children and grandchildren, wipe out your society and culture" war.
This is war. In war, you kill your attackers.You can be sure that just as the Germans have their assassins, the Greeks have theirs too.
Merkle is now Greece's targeting Bull's Eye.
And with her go the Banksters she fronts for, because they are the real attackers.
It's going to get very bloody.
And Merkle will have brought on her own death.
-30-
Today's war are economic in nature.
GIve me the power to create money (or destroy it) and i care not who makes the law...
didn't you get the memo?
All wars are economic.
Didn't you get the history books?
-30-
Red shield
Exactly my speech.
Jesus Jenny there's been more "last moments" for Greece than there've been "since Lehman's."
Pull my finger
Have we reached Triple Dog Dare or are we still in Double Dog Dare status?
Miffed;-)
This. All resistance must be crushed or all the other mice will want milk too.
"Aw, she's just tryin to scare the PIIGS outta trying the same thing!"
Exactly. But what Merkel and EU bankers don't get is that IS exactly the attitude the people in these countries are sick of...
Aw, she's just tryin to scare the PIIGS outta trying the same thing!
Actually, she is just trying to collect the debts that Greece owes to the other PIIGS. They are on the hook for it through the ECB and ELA and EXX? loans to the country. Greece could theoreticall break the ECB with full 100% writeoff.
ECB - European Communal Bathhouse
She looks like emperor palpatine with a bowl cut.
Cede your sovereignty and you will have joy, Greece.
When does she round up the townspeople and start executing them?
Bitch Will coordinate with Obama who will execute all Tea Parties and them who look like one.
What are we missing here?? Greece already defaulted. Why haven't the CDS's been triggered??
As has been mentioned before, Greece is on some kind of double secret probation.
becase the banksin such bad shape that they can't afford the default. Greece really needs to wake up and stop hoping for relief from the EU because it isn't there. tehy need to get the Hell out of there
Why? Because the money isn't there to cover them.
CDSs are just another criminal fraud; like everything else the Banksters do, they get the commission profits, you get the losses.
Draghi, et al. are executable criminals guilty of crimes against humanity.
The "shot heard round the world" will soon echo its renewed presence, and the criminals will pay with their, and their family's, lives.
Spit on the graves; good riddance.
-30-
Why despoil the ground with their carcasses? A funeral pyre would suffice.
We are already pumping way too much carbon into the atmosphere. If we can't bury them, and we can't burn them, we can still dump them in the Marianas trench. Could even make a gameshow out of it. Contestants get to line up catapults with a banker on it and if they get it inside a floating tire, they win a new dining set or something.
Exactly. Declaring default would trigger CDSs, which the banks would need to raise collateral to pay, inciting contagion and potentially bring down the house of cards, smoke and mirrors the banksters and their bought and paid for politicians have saddled our children's minds with.
30 day grace period before default is called, then 21 days for ISDA rumination, and
the cross acceleration of other loans/bonds.
Margin calls on CDS writers will start with the grace period, prolly already started.
After greferendum I do not believe any more that Greeks want the Euro.
There is no proof actually that Greeks still want to keep Euro.
Someone said it. In mainstream media. And should we believe it? What I have seen is a 60% OXI
Mein Führer!!!!
RUSS?A PROPOSED A GAS & O?L DEAL? USA ORDER GREECE TO DROP ?T?
HAS GREECE HAD ANY HELP AT ALL FROM USA?
PLENTY OF MONEY AVA?LABLE TO OVERTHROW THE ELECTED GOVERNMENT OF UKRA?NE?
SO MUCH FOR USA BS ABOUT EV?DENCE MH17 WAS BROUGHT DOWN BY RUSS?AN BUKE M?SS?LE
HOW ABOUT INVEST?GAT?NG ODESSA MASSACRE?
We live in fantasy land. Obama will just print the money, who cares??
And look at gold. They are shoting the messenger.
This is going to be fun.
Not.
I will find something Greek produced tomorrow and buy it! And I also do love olives!!
And to Merkel. Go and hide somewhere dark and cold, - and stay there.
Votes can mean something if you have an army to enforce it. Greece votes "No" to German take-over. I think in 1939 the Polish voted No too.
The people voted and it appears it means NOTHING. German banks decide the policy going forward regardless of the vote.
The Greek people are getting exactly what they supported with their free democracy vote. They will have the full and continuing benefits that THEIR government will provide. They will continue to operate the socialist state without direction from others.
Perhaps they will now return their money to the Greek banks. It is the Greek citizens who have caused the rapid withdrawals of funds. Let the Greek government alone deal with that problem. No interference from others.
I really expect that Greek institutions will take the view that if the government does not have to honor debts, why should the other institutions or individuals. They will all find themselves victims of someone stiffing them on loans and advances. Happy, Happy Jubilee for everyone.
What if the BRICS loan them sufficient gold to form a stable drachma currency?
Then the Greeks would have a lot of gold and the BRICS would have a lot of promises.
They should just do what hey have always been doing. Create new money with debt and loan it. There is no difference if the ECB does it or if China or Russia do it ... or Japan for that matter. Japan has been propping up the US this way for a long time.
Since when do Greeks get to vote on German money?
LOL! The only thing the Germans can decide is (as they are apt to say) whether the catch leprosy (i.e. default and the CDS kick in) or cholera (i.e. a debt writedown and the banks need to be recapitalised) and as Germans will tell you, they choose cholera because there is a cure!
Greece can print trillions of euros and give a loan to Russia. Tsipras can appear Sunday globally and refuse the Greek debt. The ECB has declared war uppon us and there are no rules now.
God help Greece an the world.
They can default on the debt ... but Putin is not going to participate with some silly counterfitting scheme.
Right, do it the EU way. Greece creates debt money and loans it to Russia and Russia reciprocates and creates debt money and loans it to Greece ... and both are now flush.
Did anyone seriously think that the MIC were going to let the EU fail because of Greece.
This is the NWO, bitchezz. No one gets out alive.
After TPP.....America and Asia will be included.
Finally, the cashless banking system.
The Iron Curtain of Gov/Corp Fascism falls. The only way out.....decades of blood and war.
As Mr. Panos says, "We know the German mind. You can't change a German. How come a German is trying to take over the World? Because he's a German! Thank you for your War Reparations Germany!"
Yeah. I held a family vote about whether or not to pay my mortgage and the bank didn't honor the outcome. The NERVE of them. The people voted and it appears it means NOTHING! Idiot
Bernie Sanders, Rand Paul, they're not going to save you America! Not even if either one got elected president. Elections are theater now. You get someone who is gonna kill the FED, kill big bloated government, kill IRS, end war on terrorism and drugs, lets the TBTF banks die, reinstate Glass-Stegall, reform your fucked education system, repair infrastructure, take care of your southern border, etc... and so on and so forth blah blah blah. This is a dream. You lack social cohesion. You lack direction. Most people are not really that intelligent or moral. They live in a dream world. Thinking that voting is gonna change the rotten system. Democracy isn't that hard to manipulate. Most people are suggestible and illogical. The greed of the winners, the apathy of the losers. There are parasites at all levels of society. I doubt most people even really give a shit. Divided and distracted on issues of insignificance. Despondent, apathetic, docile, indifferent, corrupt. Blah blah blah. Normalcy bias will have you making excuses, adapting to lower living standards. We're just not good at dealing with slow moving disasters. Like the technocratic takeover we're sleepwalking into. I'm just trying to take some pleasure from the simple things, like the fact that the U.S and others are about to get Greeced in the not too distant future.
I love this clip. - https://www.youtube.com/watch?v=X2_B3Hv9sn0
Representative Democracy has been gamed to the 9'S - it doesnt work - only direct democracy has a chance of allowing the individual a voice - but again the apathy and stupidty is too pervasive for direct democracy unless you have uniform race and culture like the Swiss.
the message to everyone everywhere with Greece as the experiment of mafia type banking and government practices - you have no rights - Obama's TTP is the last nail in the coffin for sovernty in the USA.
The United States of America is a Replubic, not a democracy.
[sic]
Your repubic has worked very well I see.
The United Corporate States of America is a Fascist State.
It seems to have worked better than anything else currently running:
http://www.digitalhistory.uh.edu/disp_textbook.cfm?smtid=2&psid=3231
We're not gonna make it if we continue like this. The criminal elite have gamed the system with authoritarians, technocrats, faceless bureaucrats, administering and managing populations. Enforcing laws no matter how bizarre. The irony is, power has always resided in the hands of the dumb majority. You know, the farmers, the peasants, the serfs. This may soon change though, once the technotronic slave grid is online and operational. Then the chance of a genuine 'peasants revolt' is looking fairly unlikely.
We need to restore moral principles at the core. We need to motivate people who are willing to say fuck it! I am willing to sacrifice it all for the sake of my Children. For the Sake of my neighbors, friends, and family. I will stop the cable, the drinking, the porn and dedicate myself to teaching, supporting and motivating our children in every way possible. We must stop the indoctrination, the drugs and distortion of our public schools. Even if that means to pull all the kids out of that hell hole. I will fight to the death to restore my community, my State and the country. We need to do this in sufficient numbers so that voting matters. So that we stop screwing each other for the sake of a dollar. This is a unique time and we do have an opportunity to give a shit. Or perish and become slaves of the overlords.
It is not the job of congress or the president. It our job. If nullify the voting machine we can turn the tide. If you expect your president to do it, well look at the case of Kennedy. I believe he go killed for going against the Big Industrial Machine. We cannot expect one person to do it. The Banksters, big farma, Neo-con and the rest of the oligarchy know that we are easily prodded in one direction or another and if one of alone stands up the will do what they always do. It is We The People or nothing.
Correct. It is not the job of the congress or the president alone. It is the job of the intelligentsia to lead the way, and bring the dumb majority along with their pitchforks, but it seems the intelligentsia are cowards.
Thank you!
Bernie at least is quite clear that he's not going to save us, not going to be able to deliver his program. He is rather calling for a great mass movement of millions and tens of millions to confront the "billionaire class", and he is asking us: "Are you ready for a fight?"
From the response I get on the street and in many venues and from the huge crowds turning out for him (7,500 to 9,000 in Portland Maine last night) the answer seems to be Yes!
Whatever the Tylers' thoughts and feelings about Bernie, his campaign will have a big effect on the national conversation, the investment climate and the actions of an increasingly terrified billionaire class. It seems wrongheaded for the Tylers to be joining with Fox, CNN, ABC, NBC and CBS in trying to smother the Sanders campaign with silence.
The billionaire class will fuck off. Globalization is a billionaires paradise. The dumb majority will vote for anyone who can make promises that they like. He's offering tax increases and wealth redistribution. He is not your saviour.
Its quite simple --just take away the coersive support that gov't gives to the banks and the money interests----make robbing a bank a misdemeanor---just saying
Only little people have a significant amount of their wealth in currency, fiat or gold doesn't matter in that respect.
That's what we need; Bernie to finally get us to a socialist welfare state utopia ... because that's worked so well everywhere it's tried.
This is no less than a declaration of war against Greece.
It appears that the Greeks need to reitterate their Fuck You to the EU.
I'm just glad the western markets were closed when the announcement came. Otherwise the hope that propelled them up today would have been revealed as a farce and they would, being rational, give up all their gains and then some.
What a lucky coincidence.
It was not hope that manipulated the stock market. It was the FED, the banks and your government. And it was done with monopoly money, like what you all have in your bankaccount.
Fit for lighting a cigar, but not much more - in the not too distant future.
It's all staged. Merkel needs to show the Germans that she is tough and any leeway given to Greece will have to come as a result of the other "partners" imposing a softer solution.
It would be fun to watch if the Greek pensioners in cooperation with retired police and retired bank workers decided to go open the Greek central bank themselves.
Who would dare to stop them?
hahaha ..... she wants them to fill out a ' loan request ' ? That's some funny shit there.
But can they do it online?
Sure, It's a NINJA loan.
So there you have it. Merkle wants the PIGS out of the EU.
Clearly. But why do it in such a around-about, passive-aggressive way? Can't she just say it's in everyone's best interest if the Greeks are 'independent' of the Euro?
Without an army, one must be "diplomatic"
She wants the Greeks to make the decision to leave, then any fallout in the markets can be blamed on them. She will say "we tried everything to no avail". The remaining PIGS must be kept in line at all costs.
Yeah, if she's serious w/ with this shit, they're gone.
Merkel just became my favorite world leader. Can we trade her for Obama, straight-up? Would be great to have a president with a real set of balls.
while we’re at it, ill swap yellen for rajan – at least that dude knows inflation & to jack rates when he sees it.
I definitely did not see this one coming. Its like the end of 1 of the “Saw” movies. Complete misdirection so much it makes your jaw drop. Friggin awesome stuff.
@aliki
I'll give you friggin' awesome, amigo. Head down the street to my plantation and we can discuss these ideas over cigars.
(I'm sitting on Cubanos)
Lol. Time to bail in the Deutsche Bank Depositors
Merkel just doubled down on stupid. "oih k, I call"
https://www.youtube.com/watch?v=5RiuE1rWnso
Sounds like Greece isn't going to default eh?
So far, Germans have only gestured on the topic. Merkel supported every bail out so far.
So appears a "Bank of Greece" is in the works as "Euroland" keeps printing.
Western Union has allowed the remittance market to reopen.
Nice move higher in that name.
Probably the only solvent Bank in the world right now actually.
We are not a bank, have never gone bust and accepted no bailouts from the Fed!
She sounds like a heroin dealer.
in a way she's right. there will be no haircuts for german creditors to greece. either greece will pay or the german gubbermint will pay. obviously she strongly prefers the former.
There is going to be a debt haircut, a 100% haircut in fact. Greece will be debt free and receive loans, based on non-austerity economic measures being implemented, from other sources.
And they will only have trade with that other source as well as border controls. A large number of Greeks working in the EU will likely have to return home.
Why didn't Merkel just come out and demand the obvious: "The European Union wants all of your first born males to be killed."
Merkle has a new name for the EU, including Greece. Henceforth it vil be known as....... "Germany".
And markets don't blink.
In any case, this is the scenario in which I've heard signals grexit. Sunday summit with the full boat.
Is there any hope at all that Greece wakes up, tells the trokia to shove it, and starts over with gold/silver/drachmas/bitcoin/anything else? And avoids the pitfalls that got them here in the first place?
"Is there any hope at all that Greece wakes up, tells the trokia to shove it, and starts over with gold/silver/drachmas/bitcoin/anything else? And avoids the pitfalls that got them here in the first place? "
They have done that allready.
But it was just Greek to the Germans!
Sometimes a bit slow on the uptake.
That Merkel is one tough hombre....
:)
I am not familiar with the term "hombre". Does it mean bitch?
Don't know. I thought it was sociopath?
Arg, who cares, either one fits.
Merkel now demands Greece to cut down the tallest tree in the forrest WIIIIITTTTHHHH a herring!
Sounds like one trillion to recapitalize some type of "Bank of Greece" and all the Civil Servants get paid.
"Price asphixiation" continues...
I applaud Merkel's stance because perhaps now the Greek people might wake up and realize that Germany is not looking for a solution but for total submission.
Remember the cute little cartoon painted on the wall in Syntagma Square?
"This is Sparta!"
Well, they had their fun kicking old Granma Merkel in public.
Now its her turn to play rough.
Let's see how long they keep up the whole Sparta schtick now that an angry old German hausfrau is after them with her broom.
Buncha tough-taking, strutting pussies begging for some mad money to get their next fix.
Tell your country that you are defaulting and everyone is going to have to take a cut-- starting with the PM and everyone on down. Find some virtue on your own dime.
Then you can talk all the Sparta you want, boys.
Such an imagination, US citizens are incredibly innovative script writers.
The best in the world.
So here's probably the next staged disagreement episode, a sort US citizens love so much. On Greece put under tutelage, what are we going to have? Merkel best bedfriend with Juncker, with Lagarde staying at the door, holding the candle.
No, no, dont come with the idea that the staged disagreements are so useless and scripted they have lost any kind of favor. US citizens do love their entertainment, you know.
That is gonna sting!
Europe strikes me as kind of like a private club. Club members are into kinky stuff like being buggered by banksters . Each to their own. It was not a secret from Greece or any one else that the easy money comes with unpleasant strings.
If Greece can't or won't follow the rules of the private club, no matter how arcane, they should feel free to leave. Greece wants membership benefits without any responsibility. They want the benefits without the buggery.
Seems to me that thrifty states, that lived within their means, could provide little sustenance to a parasitic class.
Profligate spenders, like Greece, are just what parasites need to thrive.
These Leaders on the Public Teat HATE anyone else on it bar the Bankers who will accept free public lolly to shaft the public even more. It's insult to injury here, here and here.
Despite this HUGE MESS these Sociopath's fully believe they're entitled to an opinion. More scary though is Joe Public's Amnesia.
Please let the Sleeple Sleep already!