Europe Readies Emergency "Humanitarian" Action Plan For Greece

Tyler Durden's picture

On Tuesday evening, a flood of headlines from Brussels indicated that German Chancellor Angela Merkel was set to tighten the screws on Greek PM Alexis Tsipras by standing firm on debt haircuts and ensuring that any new proposal from the troika would include harsher conditions than those that comprised the pre-referendum deal. 

Among the other headlines to hit the wires as Merkel's "nein" comments poured in, was the following rather disconcerting bit from Jean-Claude Juncker:

  • JUNCKER: EU COMMISSION HAS HUMANITARIAN PLAN FOR GREECE IF NEED

"Just in case Greece decides to disobey, Europe is ready to treat Greece as an African nation," we quipped.

Minutes ago, the "humanitarian" plan commentary was back: 

  • EURO AREA, ECB SAID TO DISCUSS GUARANTEE AS HUMANITARIAN ACTION
  • EURO AREA SAID TO CONSIDER GUARANTEE PLAN FOR ECB AID TO GREECE

Clearly, Europe is now preparing for an imminent Grexit and if the above is any indication, the fallout will be an economic catastrophe that's orders of magnitude worse than what Greeks have experienced over the last several weeks.

From Bloomberg: 

Euro-area officials have informally discussed a contingency arrangement whereby the ECB maintains liquidity to the Greek banking system in return for a guarantee for the loans, people familiar with the matter say

 

Officials at finance ministries and ECB have exchanged views on need for keeping or increasing liquidity to respond to humanitarian situation in the country

 

Arrangement would help Greek banks to keep operating if negotiations over the country’s bailout drag on

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kliguy38's picture

"humanitarian"

Stackers's picture

and who exactly is supposed to guarantee these humanitarian loans ???

froze25's picture

The fact that the EU has to give Humanitarian aide to a member nation just shows its a failed idea.

redpill's picture

German humanitarianism means they shoot you in the back of the head immediately instead of making you starve first.

nope-1004's picture

They just won't pull their tentacles out of member states.  This is a way to keep Greece indebted to them, by giving "aid".

I'm sure Russia or China would love to help Greece out, perhaps even Turkey.  Greece should simply say, "no thanks, we're good".

The banker arrogance is why this bad comedy act won't go away.

 

Sanity Bear's picture

of course, the actual genuine humanitarian thing to do here would be to provide debt relief

max2205's picture

Let's just call it an airlift 

Precious 

Colonel Klink's picture

Love bombs!  Just like when the US sends freedom to a country.

PRO.223's picture

I think this "humanitarian action" is just a ploy. With Germany playing hardball, because they obviously want Greece to suffer for daring to stand up to them, but they don't want to be blamed for the humanitarian crisis....so they help Greece out with aid, keeping them still obligated to pay their debts. Then when Greece still defaults and no agreement is made, they can pull their "humanitarian aid" and blame Greece for the crises as well. To me, this is just a chess move to be able to make the people of Greece suffer and blame Greece for it as well.

froze25's picture

Funny how the Greek "leaders" haven't come to the conclusion that the only way for them as a nation to win is to not play.  If they leave the EU, the Euro currency and have a PM or something else backed currency they leave the Game.  My guess is that the "leaders" have been told if they pursue that option they will be suicided (killed).  Any currency that is not fiat must be crushed after all.

Macon Richardson's picture

While I agree on other grounds that the EU is a failded idea, your suggestion does not lead to that conclusion.

That the United States of America has given humanitarian aid to its various States throughout its history does not indicate thata it is a "failed idea."

The problem is not EU as a failed idea; the problem is that the EU was never an idea at all. It was merely German dominance of Europe via other means.

JuliaS's picture

Putin should send his convoy of white trucks over just to piss off the West.

Would love to see the "liberators" rolling in to discover that the country's already been liberated by the entirely wrong people.

Haus-Targaryen's picture

REady to drop ship in massive quantities of nail guns. 

813kml's picture

Nuland is preparing to hand out some homemade baklava.

large_wooden_badger's picture

Just curious if these actions include giving the Greeks blankets infected with smallpox...

BoPeople's picture
BoPeople (not verified) Jul 8, 2015 1:29 PM

Yeah, I have always said that those Germans are such great humanitarians.

H. Perowne's picture

In the spirit of Hannibal Lecter

slaughterer's picture

It is convenient that Greece is not next-door neighbor with Germany.  

JustObserving's picture

Same humanitarian plan that was launched for Libya?

Ancona's picture

The humanitarian thing would have been to have cut them loose back in '11 rather than to drag this shit out for four more years and increase the pain level to ebola strength.

 

Dumbasses.

large_wooden_badger's picture

No profit in that, don't be silly

Groundhog Day's picture

some crazy preppers and ZH's stock pile food, water, gas, ammo, guns, gold and silver....idiots <sarc>

Dr. Engali's picture

I guess debt relief isn't humanitarian.

ThroxxOfVron's picture

"I guess debt relief isn't humanitarian. "

 

Sad and true.   Disgraceful doesn't encompass the criminally callous disregard for millions of innocent and uninvolved people forcibly imporverished to the preservation the existing neocolonialist debtocracy.

 

Squid Viscous's picture

third world stigma ... I see what they're up to

RaceToTheBottom's picture

Beware of Humanitarian Banksters.

knightowl77's picture

If Greece is planning to exit or be forced to exit.....why would Europe give humanitarian aid?

Isn't this whole mess rather contradictory?

froze25's picture

The whole concept of Fiat currency is contradictory to reality.  Money that represents people's energy / time value created out of nothing to be lent at interest?

Panic Mode's picture

Oh, they are trying to be a good cop now. Their strategy is so predictable.

large_wooden_badger's picture

Here come the empty railroad cars

roisaber's picture

I think by "humanitarian action" they mean tanks.

Joebloinvestor's picture

HAHAHAHA

Humanitarian aid now.

Call it CHARITY, but never call it a loan.

freddymercury's picture

Boots on the ground bitchez

Consuelo's picture

Humanitarian U.S. naval task force en-route ---- for security, of course...?

 

 

Squid Viscous's picture

"A Global Force For Good"

Government needs you to pay taxes's picture

Spool up FEMA and DHS, send in the 'RESCUE' tanks!

J Jason Djfmam's picture

Firing life giving depleted uranium rounds.

A Lunatic's picture

Humane as in 'well the best thing to do now is 'put them to sleep'' or humane as in 'let's just leave them the fuck alone to determine their own destiny'............

Government needs you to pay taxes's picture

So many players in this month's THUNDERDOME - Acropolis!

Iam Yue2's picture

Credible sources, that wish to remain anonymous, report that failing a deal, as of 9am London time, Monday, the entire Greek nation shall be put into quarantine.

youngman's picture

Call Bono...tune up the Guitars boys...lets write a song together....Love..love..love....Loan...loan .loan....

J Jason Djfmam's picture

Singing:" Thank God it's them instead of you".

Joe A's picture

Next step some incident with a minority, no-fly zone and 'humanitary intervention'. KBR follows to carve up what is left and sell it off.

Ok, my imagination runs wild a bit...

Downtoolong's picture

Emergency "Humanitarian" Action Plan For Greece

Fat ass Greeks can no longer wear thongs on Mykonos beaches.

Done. 

Catullus's picture

Occupation Aid.

Monetas's picture
Monetas (not verified) Jul 8, 2015 2:18 PM

Mmmm .... grapes leaves .... stuffed with oatmeal .... healthy for fat assed Greeks .... austere aid is tough love !

falak pema's picture

Hahaha, Humanitarian EU after Compassionate GWB and Cheney...what haven't we seen come out from the mouth of the Machiavellians...Our way of life is non-negotiable... Both Mutti and Cheney are ON THE SAME PAGE!

Play on delirious Oligarchy's crony peons.