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Over To You Merkel: Greek Govt Approves Bill The Greek People Soundly Rejected

Tyler Durden's picture




 

The Greek parliament has approved the proposal Alexis Tsipras submitted to creditors on Thursday. The ball is now in Europe's court with a Eurogroup meeting scheduled for Saturday. 

  • GREEK LAWMAKERS APPROVE GOVERNMENT'S BAILOUT PROPOSAL: TALLY

As expected, Energy Minister and Left Platform leader Panagiotis Lafazanis voted against the proposal as did Parliament speaker Zoi Konstantopoulou and Deputy Minister of Social Security Dimitris Stratoulis.

If new FinMin Euclid Tsakalotos can secure the support of his EU counterparts tomorrow, the path will be cleared for Greece to remain in the EU under a new program.

  • GREEK PM TSIPRAS SAYS GOVT AVERTING A POLITICAL GREXIT
  • GREEK PM TSIPRAS SAYS PEOPLE DIDN'T GIVE GOVT RUPTURE MANDATE
  • TSIPRAS: AGREEMENT WITH CREDITORS ISN'T CERTAIN, JUST POSSIBLE
  • CREDITORS MAKE POSITIVE EVALUATION OF GREEK DEBT PROPOSALS: AP
  • TSIPRAS: GREECE WILL MANAGE TO STAY IN EU, AS EQUAL PARTNER
  • GREECE BAILOUT TO BE 74B EUROS BASED ON CREDITORS' EVAL: AFP

It remains to be seen how Greeks will respond to the decision. Given the similarities between the "new" proposal and the proposal that 61% of Greeks voted against last Sunday, there may well be pushback from voters and a generalized sense of betrayal among Syriza's core constituency. 

Underscoring the contentious nature of the vote is the following from Bloomberg:

Fifteen governing Syriza party lawmakers who voted “yes” in parliament vote on Greek govt’s bailout proposals to creditors say they oppose the plan, according to statement distributed to journalists.

 

Lawmakers say proposal shouldn’t have been approved by Greek parliament; they backed it only because they didn’t want the govt’s parliamentary majority to be put into question.

 

 

Lawmakers say their “yes” vote shouldn’t be interpreted as acceptance of implementation of austerity measures.

 

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Fri, 07/10/2015 - 20:39 | 6297703 JoeySandwiches
JoeySandwiches's picture

Fucking pathetic.

 

That's all I have to say.

Fri, 07/10/2015 - 20:41 | 6297713 Veriton
Veriton's picture

This vote was to authorize negotiations. If press reports are accurate, another vote will be needed to actual pass the proposal.

Fri, 07/10/2015 - 20:44 | 6297726 Ballin D
Ballin D's picture

Or they expect to be rejected and are posturing - they may simply want to push the blame onto Merkel for booting Greece. There was an article on ZH earlier this week about their belief that Greece was going to be kicked out regardless.

Fri, 07/10/2015 - 21:31 | 6297906 disabledvet
disabledvet's picture

I agree.

"Fuck this up Troika and guess what...

Fri, 07/10/2015 - 21:41 | 6297937 Publicus
Publicus's picture

Golden Dawn is Greece's only chance at surviving as a nation.

Fri, 07/10/2015 - 22:25 | 6298057 THX 1178
THX 1178's picture

Why should we want nation states to survive? Arent they the obsolete and lumbering idiots of social organization. We have the internet. 

After that the end will come, when he will turn the Kingdom over to God the Father, having destroyed every ruler and authority and power. 1 Corinthians 15:24

Fri, 07/10/2015 - 23:05 | 6298141 metastar
metastar's picture

61% is nothing.

Though no referendum was ever offered, here over 90% of voters did not approve of banker bailouts yet the vile scum in Washington took our money and gifted it to bankers in utter contempt for the people.

Politicians aren't worth shit.

 

 

Sat, 07/11/2015 - 00:18 | 6298263 Tall Tom
Tall Tom's picture

Governments represent their own best interests and will do as they must to survive, including the sacrifice of the stooges who initially empowered them.

 

This fact is evidential to all of those who are not intentionally blind. Government is the most evil and vile of all human institutions. They are not an neccessary evil. In fact they are deadly to those who spew that type of propaganda bullshit.

Sat, 07/11/2015 - 00:48 | 6298349 Soul Glow
Soul Glow's picture

HANG.ALL.POLITICIANS

and bankers....

BUY SILVER

Sat, 07/11/2015 - 01:56 | 6298436 Haus-Targaryen
Haus-Targaryen's picture

I feel bad for the Greeks.  They said no, Tsipras say "meh -- don't care." 

Golden Dawn, you're up.  

Sat, 07/11/2015 - 03:15 | 6298505 cookie nookie
cookie nookie's picture

I knew that Greece was going nowhere.  I now see the DOW rising to 30,000.  The capitalist scum of the earth win again.  Suck it, Hedgers.

Sat, 07/11/2015 - 06:04 | 6298608 new game
new game's picture

fuck greece, fuck politicians, fuck the whole euro ponzi scheme. this is blatent control via print.

i mean, talk about in your face. the people said oxi, but instead of doing right and enduring some tough times to be proud and independent, the money for easy path is moar valuable(TO THE POLITICIANS THAT WANT TO STAY IN POWER) than the principles.

same fucking shit will happen here. too many free shitters to reform without chaos; basically the long and short -  TOO FAR GONE DOWN THE ROAD OF SOCILAISM to avoid CHAOS!

Sat, 07/11/2015 - 06:09 | 6298611 invisible touch
invisible touch's picture

scandal, s07 : welcome to greece, olivia pop open office in athena....

 

E.M.C premiere january 2016

Sat, 07/11/2015 - 06:19 | 6298622 new game
new game's picture

true democracy is fucking dead, gone.

revolution and bloodshed is the only solution...

say happy birthday to the day of doom, destruction and the dark age of banker destruction of human liberty.

the ONLY price to be paid for that hope-liberty...

Sat, 07/11/2015 - 08:35 | 6298732 forexskin
forexskin's picture

agreed, but to the extent that politicians want to stay in power, they also want to stay alive. wondering if tsipras got the whisper in his ear that kennedy ignored...

Sat, 07/11/2015 - 00:49 | 6298350 sodbuster
sodbuster's picture

For the life of me, I haven't decided who is more stupid. The Greeks for becoming slaves, or the idiotic creditors giving them even MORE money. The ONLY thing this does is make the Greeks slaves, and keeps the debt owed by the Greeks on the books as a "good" asset. Everybody can pretend a little longer that everything is ok. The inmates are running the asylum!!!

Sat, 07/11/2015 - 01:30 | 6298403 EscapingProgress
EscapingProgress's picture

"The people decide nothing!" - EscapingProgress Sun, 07/05/2015 - 06:11


http://www.zerohedge.com/news/2015-07-04/6-hours-until-greek-vote-where-...

Sat, 07/11/2015 - 01:56 | 6298437 El Vaquero
El Vaquero's picture

I betcha somebody's getting rich off of this.

Sat, 07/11/2015 - 07:28 | 6298671 somecallmetimmah
somecallmetimmah's picture

You know what? If the Greek people allow their own government to do this to them---immediately after the referendum, which could not have been more clear--- then they deserve every bit of pain they have coming,

Sat, 07/11/2015 - 17:18 | 6300055 RichardParker
RichardParker's picture

The creditors aren't stupid. They're going to be just fine.

Sat, 07/11/2015 - 03:12 | 6298500 no1ninja
no1ninja's picture

Government is what you make of it.   Most of the worlds governments are working for the best interests of corporations not the people.   That is mostly due to folks not realizing how important their pericipation in government is.

 

It's little errosions that get passed that skew the slope, that at first seem trivial.   Eventually the pesants have little control.   This is what most of the worlds governments have become.

 

Fri, 07/10/2015 - 23:58 | 6298249 TheReplacement
TheReplacement's picture

Who, exactly, is this "we" who have the internet?  If we is the NSA and not you or I then yeah.  Otherwise, wake up.

As to the rest of your post, right on.

The internet is not God.

Sat, 07/11/2015 - 01:54 | 6298432 THX 1178
THX 1178's picture

I never said the internet was god.

Sat, 07/11/2015 - 21:16 | 6300874 BarkingCat
BarkingCat's picture

Exactly. The internet is real.

Sat, 07/11/2015 - 02:55 | 6298491 joak
joak's picture

Because the nation is the only concept that can fight banks and the oligarchy in general.

Sat, 07/11/2015 - 04:15 | 6298533 zhandax
zhandax's picture

Horseshit.  Name me one current nation fighting banks or oligarchy. 

Amazing what a little complicity will do for your favorite pol's voting record.

Sat, 07/11/2015 - 06:26 | 6298629 silverman
silverman's picture

Ever heard of Iceland?

Sat, 07/11/2015 - 07:17 | 6298661 FlacoGee
FlacoGee's picture

Iceland is an Urban Legend.

Iceland merely enacted capital controls and to this point:  stole all of the little man's money.

Bravo.   

If Iceland is your best example, then Greece will be your Utopia.

Sat, 07/11/2015 - 08:40 | 6298735 forexskin
forexskin's picture

bullshit.

iceland jailed the banksters that were playing the bailout heads i win tails you lose game and trying to put the county on the hook for their ticket to play.

Fri, 07/10/2015 - 22:33 | 6298077 Chris Dakota
Chris Dakota's picture

Golden Dawn leaders are in jail, how convenient...

Sat, 07/11/2015 - 00:01 | 6298252 TheReplacement
TheReplacement's picture

The GD leaders are the canaries.  As long as they are in jail this is a charade.  When they are out, game on.

Edit:  I want to add that it is game on because the population is thinking and acting for its own good.  Maybe today they think that voting is acting but tomrorrow they are mistaken as "voting changes nothing."

Who knew?

Fri, 07/10/2015 - 22:11 | 6298015 Ya-way
Ya-way's picture

Ballin, I kind of agree here. I wonder if it is a political decision to force the EU to call the Grexit. Its judo again, use their momentum against them. Certainly Greece sets itself up here to look very willing to compromise for the bankers. EU kills itself by rejecting these appeasing proposals, and exposes itself as very draconian indeed. Political win for Greeks, and shift to the BRICS bank or something. One thing is for sure. Something's got to give.

Sat, 07/11/2015 - 00:03 | 6298264 TheReplacement
TheReplacement's picture

If the can can be kicked and the important "leaders" save some face then yeah, this is what will happen.  Brics don't matter.....yet.

But they will, one of 'em.

Sat, 07/11/2015 - 02:42 | 6298476 bfellow
bfellow's picture

The only "Brics" that Tsipras needs to worry about are the ones that will be hurled through his office window on Monday.

Sat, 07/11/2015 - 04:57 | 6298559 Element
Element's picture

Fortunately this 'yes' parliamentary pass is only a super re-intensification of the austerity which the Greek 'democracy' voted 61% against, 1 week ago.

However, examine the speech Tsipras gave after that parliamentary 'yes' vote. Paraphrased he said, "this confirms the validity and confidence in the PM and the  new Finance Minister, and in the Deputy PM."

Yet on the streets, Syriza party members were shown tonight on 'news' tearing up their party memberships, saying they feel incredibly betrayed, on the verge of very frstrated tears, protesting the complete collapse of democracy.

And Tsipras feels his govt has just been bestowed renewed credibility by a chamber 'yes' vote?

No. He knows perfectly well that he's personally just totally trashed his govts cred andhis own cred, he and his govt just did the exact opposite of its election mandate to rule, and referendum election as well, in about every way possible.

Total betrayal of the electorate's will, with the strong intensification of austerity terms, equates to a vote of confidence for giving in to that?

In other words, he's far less principled than any Greek PM before him, and personally decided the people must have no choice at all, just have the bait dangled of a fake electoral 'choice'.

 

Untenable, non-credible, unbelievable, non-trustable ... and a whole bunch more.

Fri, 07/10/2015 - 21:43 | 6297946 rwe2late
rwe2late's picture

 was the vote to give Tsipras "fast-track" authority to negotiate?

That's what I thought Tsipras wanted.

 

Anyhow, Greece is screwed if it stays in the EU.

The EU overlords now intend to sign up for Obamatrade

with TISA and T-TIP (the transatlantic version of TPP).

Sat, 07/11/2015 - 00:04 | 6298266 TheReplacement
TheReplacement's picture

An answer to your prime question:  yes.

Prepare accordingly.

Except it is too late.

 

Sat, 07/11/2015 - 03:16 | 6298508 no1ninja
no1ninja's picture

Problem is that the EU will want to make an example of Greece... so that the next batter up does not pull the same play. 

 

 

This has very little with sensibility, its all about control. 

Sat, 07/11/2015 - 11:08 | 6299085 agent default
agent default's picture

The Greek government too a resounding No and turned it into a Yes.  Do you think they actually give a fuck what parliament voted on?

Fri, 07/10/2015 - 20:58 | 6297782 Kirk2NCC1701
Kirk2NCC1701's picture

Tsipras Iscariot and his 30 pieces of silver, setting up Greece for a crucifixion. 

Fri, 07/10/2015 - 21:02 | 6297798 Philo Beddoe
Philo Beddoe's picture

Y-Anus got the 30 pieces of silver. Tsipras will have to settle for a set of steak knives. 

Fri, 07/10/2015 - 21:35 | 6297917 r3ct1f13r
r3ct1f13r's picture

Glen Gary Glen Ross?

Fri, 07/10/2015 - 21:49 | 6297963 Philo Beddoe
Philo Beddoe's picture

Yes. 

Sat, 07/11/2015 - 00:05 | 6298268 TheReplacement
TheReplacement's picture

Steak knives, like nailguns, have their values.

Sat, 07/11/2015 - 02:53 | 6298488 MisterMousePotato
MisterMousePotato's picture

I thought that movie was even more depressing and horrifying than The Road.

Fri, 07/10/2015 - 21:05 | 6297813 gatorengineer
gatorengineer's picture

Sorry you got it wrong.  The German tax payer got it in the shorts.  The greeks will be greeks, and not really enact what they passed.  Many times leading up to this I had written it was going to be a 50-100 billion to kick the can 18 months.  Now it is looking more like 150 Billion (ELA, bailout, bank recap). 

Sat, 07/11/2015 - 00:08 | 6298273 TheReplacement
TheReplacement's picture

The key is that the players necessary for the next act are viable (believable) and in position.  For example, the speech.  Note the music, production, vomit.

Fri, 07/10/2015 - 21:24 | 6297887 snodgrass
snodgrass's picture

Obummer made him an offer he couldn't refuse.

Fri, 07/10/2015 - 21:31 | 6297903 OhNo
OhNo's picture

More like Kissinger, A zeroheader posted a pic of them together in 2012 looking pretty chummy.

Fri, 07/10/2015 - 21:18 | 6297862 Perimetr
Perimetr's picture

Is there ANY GOVERNMENT in the WORLD

 

that is NOT FOR SALE??

Fri, 07/10/2015 - 21:34 | 6297910 leftcoastfool
leftcoastfool's picture

"Is there ANY GOVERNMENT in the WORLD that is NOT FOR SALE??"

NEIN! NEIN!! NEIN!!!

Fri, 07/10/2015 - 21:44 | 6297949 Kaiser Sousa
Kaiser Sousa's picture

Oxi.

Fri, 07/10/2015 - 22:01 | 6297996 Antifaschistische
Antifaschistische's picture

oximoron

Fri, 07/10/2015 - 22:47 | 6298075 Al Gophilia
Al Gophilia's picture

Ox(i)moron: -- Poliitical Representative. Case in point; one of many but topical for the Greeks;-

Can you remember when the Greeks voted this mob in (I believe it was the prior election to the last one) but the two major parties (apparently traditional bitter enemies), banded together as a coalition to deny the people their voice? Well the disenfranchised voter eventually called on this mob (another coalition) to represent them also, believing this group of "representatives", would abide by their promises to represent the will of the people. These bastards and molls interpret the will of the people as they want, even if it written in plain english as constitutional law. That's what you get when you have a monetary system which encourages unfettered debt, graft and corruption. They know that the people don't have any money left to pilfer so they go to where the money is. They know that The State will suckle them. They are the same and the system is the same the world over, so why wait..... They won't represent you (as a people); they can't. It's not who they answer to.

Rise up.

Fri, 07/10/2015 - 23:38 | 6298210 HardlyZero
HardlyZero's picture

There is some drawn out logic to all this.

 

The Greek Oxi and Crisis has forced the IMF and ECB to 'agree' and voice that a 'haircut' or extension, or some other adjustment of the existing debt is required, in the long run.

This was actually probably the desired outcome, by both Greece and EU ! (and US and world)

 

Now, all future loan(s) will require debt service arrangements, not just for Greece, but any other EU member.  

 

There was a major paradigm shift this past week...and the environment has changed, so that now pre-existing debts must be 'handled' too.

Fri, 07/10/2015 - 21:33 | 6297914 Farqued Up
Farqued Up's picture

I don't think so, which is why I am an anarchist. Unlike the lefties that want to toss the existing one for one more to their liking, I want to replace it with NOTHING!

Sat, 07/11/2015 - 05:29 | 6298587 bozoklown
bozoklown's picture

The Sudan has anarchy...have a visit and report back

Sat, 07/11/2015 - 07:25 | 6298666 FlacoGee
FlacoGee's picture

Basing a government-less white society on how negroes do things in Sudan is never a valid comparison.

The negroid has a long history of not being able to create cohesive communities/nations.

I am currently in a white enclave in Central/Eastern Europe with no police presence, no government on the local level, and very limited existance on the national level.   Heaven.

 

 

Fri, 07/10/2015 - 21:57 | 6297980 in4mayshun
in4mayshun's picture

As John Perkins said, they make you an offer of "we have a check for millions in one hand and a gun in the other..."

Which would you choose?

Sat, 07/11/2015 - 00:01 | 6298260 BarkingCat
BarkingCat's picture

How about you put a bullet in his head instead?
There are people in this word that cannot be threatened in such a manner. However these are not individuals that gravitate towards politics.

Fri, 07/10/2015 - 22:54 | 6298122 Al Gophilia
Al Gophilia's picture

Oxi?

Fri, 07/10/2015 - 21:51 | 6297968 garypaul
garypaul's picture

Wow they even fooled ME into thinking something was actually going to happen this time. Steven Spielberg should be jealous.

Fri, 07/10/2015 - 22:17 | 6298032 williambanzai7
williambanzai7's picture

You have to wonder about the basic intelligence of those idiots. 

Fri, 07/10/2015 - 22:44 | 6298084 Al Gophilia
Al Gophilia's picture

I wonder about their "base" intelligence, but that too.

https://en.wikipedia.org/wiki/Base_and_superstructure

Fri, 07/10/2015 - 22:53 | 6298118 Buck Johnson
Buck Johnson's picture

This should tell all of you if Greek isn't that important and everything is okay for them to leave why not let them leave and default and whatever?  Because it's not okay and they are scared of what may happen next and the markets and banks that lent that money aren't able to take a 200 billion dollar hit.

 

Fri, 07/10/2015 - 20:40 | 6297708 Kaiser Sousa
Kaiser Sousa's picture

torch the parliment...

and then KILL THE POLITICIANS....

and then KILL ALL THE BANKERS...

death to the MoneyChangers....

 

Fri, 07/10/2015 - 20:59 | 6297788 Truther
Truther's picture

The sheep were given a hair cut today.... Then ANAL LIZED.

Never trust your fucking politician..... Fire bomb that son of a bitch.

Fri, 07/10/2015 - 21:11 | 6297835 Antifaschistische
Antifaschistische's picture

Bow to Euro-Xerxes Spartan!

Fri, 07/10/2015 - 23:41 | 6298148 HardlyZero
HardlyZero's picture

Just following the bubbles...now EU is totally "on board" with a 'necessary' haircut.  

So, why would the lenders loan out more money now ?

I mean Varoufakis has completely got IMF and ECB to agree haircut will be immediately required to allow Greece to survive politically to 2016.

 

So, why would the lenders loan out more money now, that they agree there must be an immediate haircut ?

 

How/why won't the recently educated lenders just hold off a while and get a better deal, without big haircut...but maybe just extensions or some extruded micro-thin survival payments ?

Won't Latvia force the Greek Pensioners, who will get major austerity now, to their knees long before this deal is done and signed off by all (now) ?

Fri, 07/10/2015 - 20:40 | 6297711 LongOfTooth
LongOfTooth's picture

One big fat Greek fuck up.

 

Fri, 07/10/2015 - 22:50 | 6298115 Al Gophilia
Al Gophilia's picture

Yes, funny and agree but is it any different where you live, apart from the smoke and mirrors still functioning, that is?

Fri, 07/10/2015 - 23:28 | 6298191 Kirk2NCC1701
Kirk2NCC1701's picture

Oxi morons?

Fri, 07/10/2015 - 23:51 | 6298226 HardlyZero
HardlyZero's picture

It is so ... Dramatic (how they setup this new Greek deal).  Now everyone is part of the action, and all are bought in and (Greek) boarded.

Drama !  Drachma !  Dreck !

Fri, 07/10/2015 - 20:41 | 6297714 Philo Beddoe
Philo Beddoe's picture

LOLOLOLOL. Fuck you Y-Anus. How heavy were those suitcases? 

Fri, 07/10/2015 - 20:41 | 6297718 Parafuso
Parafuso's picture

This is completely unremarkable.......

Fri, 07/10/2015 - 20:48 | 6297746 Bilderberg Member
Bilderberg Member's picture

...But still you just can't make this stuff up.

Fri, 07/10/2015 - 23:47 | 6298233 HardlyZero
HardlyZero's picture

Yes, (this is yet another) GREEK DRAMA !

Fri, 07/10/2015 - 20:43 | 6297724 cherry picker
cherry picker's picture

His name was Arnold.  Benedict Arnold.

Fri, 07/10/2015 - 20:43 | 6297725 Tank_
Tank_'s picture

And the "ne's" have it!  (though nay to them means yes).

Fri, 07/10/2015 - 20:43 | 6297728 A Lunatic
A Lunatic's picture

Father Government knows best.......

Fri, 07/10/2015 - 20:44 | 6297729 HenryHall
HenryHall's picture

They need to put this latest proposal (nearly identical to the week ago proposal) to a referendum. It will get the same OXI!

Fri, 07/10/2015 - 20:44 | 6297731 Berspankme
Berspankme's picture

Wonder what Tsipras costs? Another fucking cunt politician selling out his people

Fri, 07/10/2015 - 20:51 | 6297761 Philo Beddoe
Philo Beddoe's picture

Tsipras is no fool unlike his former Financial Minister. His demands are two Mini Coopers and a room full of Greek longshoreman and a tub of bacon grease. 

Fri, 07/10/2015 - 23:30 | 6298199 Kirk2NCC1701
Kirk2NCC1701's picture

Hence his new nickname:  PM Tippyass.

Fri, 07/10/2015 - 21:39 | 6297930 MS7
MS7's picture

I don't think he is for sale, unlike the previous political leaders. He is just a dummy. Seriously, that is the explanation. He has bought into the EU b.s.

Fri, 07/10/2015 - 22:16 | 6298030 Philo Beddoe
Philo Beddoe's picture

He has a Century 21 sign stuck up his ass.  He is for sale.

Fri, 07/10/2015 - 20:45 | 6297732 Philo Beddoe
Philo Beddoe's picture

For all those naive twits that think Bernie Sanders is gonna shake things up...think again. This is what happens. A dose of fuck you charlie flying out of a horse's cock at 100mph. 

Fri, 07/10/2015 - 20:46 | 6297740 koaj
koaj's picture

OXI?

Fri, 07/10/2015 - 22:58 | 6298131 Al Gophilia
Al Gophilia's picture

I wonder if that plea will that carry any weight for him, as he is being hoist upon high on a lamp post?

Fri, 07/10/2015 - 20:48 | 6297747 Rehab Willie
Rehab Willie's picture

And the kick is good, he kicked that can to 2018.

Fri, 07/10/2015 - 20:49 | 6297750 flyonmywall
flyonmywall's picture

It's ok. I will just attach a longer handle to the pitchfork so that I can reach them from further away.

 

Fri, 07/10/2015 - 20:50 | 6297754 Evil Bugeyes
Evil Bugeyes's picture

It will be a hoot if the creditors now reject the proposal. Tsipras will have sold out his people and have nothing to show for it.

Fri, 07/10/2015 - 21:33 | 6297758 laser
laser's picture

Nuland convinced them that the economic hitmen would be followed by the jackals if the NATO puppets did not stay in line.

Sat, 07/11/2015 - 08:32 | 6298518 nightwish
nightwish's picture

Nudelman's interest in any country in the free world is a terrible omen for that particular country. Misfortune is sure to follow in the forms of political coercion, monetary servitude and the loss of sovereignty, and if you dont play along, expect the destabilization of your government, social unrest and outright terrorism. It's the neocon modus operandi of the 21st century. What's really fucked up is that so many nations recognize it but are too cowardly to stand united against it and break it up. Expect Russia and China, of course. The entirety of the EU is fully complicit.

Fri, 07/10/2015 - 20:51 | 6297762 Itch
Itch's picture

Surprise surprise, a dirty diaper hits you between the eyes. 

Fri, 07/10/2015 - 20:54 | 6297769 jimfcarroll
jimfcarroll's picture

Granted, he's scared for his people, but there MUST be a way for him to default. Continuing is simply unsustainable - even with the concessions.

Is this just a game he's playing with Germany? Does he think they'll reject it anyway? or push for even more to give him more cover for an exit?

Fri, 07/10/2015 - 21:02 | 6297797 disabledvet
disabledvet's picture

He does have the printing presses still...

Fri, 07/10/2015 - 21:13 | 6297837 Anopheles
Anopheles's picture

The Greeks have the printing presses, but their printing plates say the bills are printed in Greece.  Nobody will accept those notes, and will be treated as counterfiet. 

 

Fri, 07/10/2015 - 21:12 | 6297838 Anopheles
Anopheles's picture

Even if they default and exit, that doesn't wipe out the loans. 

It's very easy for the EU to cripple the Greeks if they don't comply.  They simply refuse to accept the Drachma, and demand cash in hard currency, in advance, for all purchaces. 

 

 

Fri, 07/10/2015 - 21:34 | 6297915 disabledvet
disabledvet's picture

"You want euro BITCH?!!!

HERE COME ONE TRILLION EURO!!....

Fri, 07/10/2015 - 21:41 | 6297940 MS7
MS7's picture

Why can't they trade with the whole rest of the world excluding the EU?

Fri, 07/10/2015 - 21:47 | 6297960 leftcoastfool
leftcoastfool's picture

"Even if they default and exit, that doesn't wipe out the loans."

Y'see, that's the argument I just don't get.  Yes, the rest of Europe and the West can make life miserable for Greece, but if Greece did like Iceland and simply said, "Fuck you very much, but you get nothing!", what is the EU going to do - roll in a couple of Panzer batallions?  I think Greece would be smart to tell them just that and start dealing with the East.  At least if they're going down they can take this whole fucked-up house of cards along with them...

Fri, 07/10/2015 - 22:30 | 6298070 Lyman54
Lyman54's picture

They could do what they did to Yugoslavia, false flag, then the media blitz followed by "humanitarian" NATO bombing campaign.

Fri, 07/10/2015 - 23:11 | 6298144 Anopheles
Anopheles's picture

There is a big difference between Iceland and Greece.  Iceland had a banking crisis but Greece has a crisis with their entire economy.

Iceland was, and is self sufficient with a trade surplus (Greece has had a trade deficit for decades).  So Iceland can, and did, survive very well without continuing international support/loans.  The entire economy in Greece is a disaster, and they aren't even close to being self sufficient. 

Iceland was just overly ambitious and their house of cards came tumbling down when the recession hit.  They didn't borrow themselves into oblivion like Greece.   

 

Sat, 07/11/2015 - 07:19 | 6298662 Hyjinx
Hyjinx's picture

Very different strokes for very different folks indeed.  Greeks are simply not Nordic peoples and it shows in every financial dealing.

Sat, 07/11/2015 - 07:30 | 6298674 FlacoGee
FlacoGee's picture

I am no fan of Iceland, but what you have posted is accurate.

It should also be stated that Iceland stole all of the depositors money while it could still be stolen...   Greece enacted capital controls after the vast majority was already withdrawn.

 

Sat, 07/11/2015 - 08:37 | 6298734 jimfcarroll
jimfcarroll's picture

It's my understanding that Iceland didn't steal the people's money. They DID let the bank fail and the depositors suffered. Cyprus stole depositors money. Is that what you're thinking of?

Iceland did what the world should have done. It refused to socialize the losses by transferring the private bank debt into sovereign debt and as a result of this, and the points the person you're responding to made, they recovered quickly.

Only it's bank suffered thereby pissing off EU bankers.

In contrast, Greece's problem is ALREADY a sovereign debt problem.

Fri, 07/10/2015 - 22:14 | 6298026 Herodotus
Herodotus's picture

Are there any hard currencies?

Fri, 07/10/2015 - 23:13 | 6298158 Anopheles
Anopheles's picture

Just like a woody, hard curriences exist today, but have a limited lifespan, then they get ED.  

Fri, 07/10/2015 - 20:55 | 6297772 RatNuts
RatNuts's picture

What a fken loser government ... no wonder that country is in shamble.  Government just approved more slavery for mas populous. 

Fri, 07/10/2015 - 21:03 | 6297802 Anopheles
Anopheles's picture

The government gives the people exactly what they wanted.   It is a failing of democracy. 

 

A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

Fri, 07/10/2015 - 21:42 | 6297944 MS7
MS7's picture

They really are losers. First of all there are too many of them -- 300 in the Parliament for a country of 10 million. If they found 100 worthy people, they would be lucky. It should be the best and the brightest making the decisions, not these moronic cowards.

Sat, 07/11/2015 - 01:54 | 6298433 TeaClipper
TeaClipper's picture

Define "best and brightest" because we are already governed by educated idiots, so you surely cant mean the products of our universities?

Fri, 07/10/2015 - 20:56 | 6297775 Ness.
Ness.'s picture

Besides the Bank's money, the Bank holds the Title Deeds, and the houses and hotels prior to purchase by the players. The Bank pays salaries and bonuses. It sells and auctions properties and hands out the proper Title Deed cards when purchased by a player, it also sells houses and hotels to the players and loans money when required on mortgages.
The Bank collects all taxes, fines, loans and interest, and the price of all properties which it sells and auctions. The Bank "never goes broke." If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper.

 

Official Monopoly® Game Rules

 

Fri, 07/10/2015 - 21:51 | 6297934 leftcoastfool
leftcoastfool's picture

Who knew Monopoly was a playbook of the NWO???

http://teotwawki.ws/?cat=22

Fri, 07/10/2015 - 20:58 | 6297785 alfred b.
alfred b.'s picture

 

   TREASON by cheap euro whores...Greek politians lining their  pockets!!

 

Fri, 07/10/2015 - 22:05 | 6298006 silverer
silverer's picture

Again.  Anybody left on the planet with balls?  I'm beginning to wonder.

Fri, 07/10/2015 - 22:36 | 6298083 Lyman54
Lyman54's picture

The People Republic of Donesk,  the 82nd Airborne, the PPCLI and probably a few more.

Fri, 07/10/2015 - 20:59 | 6297786 disabledvet
disabledvet's picture

Interesting to read the comments hear.

"Having had the vote he now lays the country prostrate before the Troika.

This might be political suicide...he certainly is no traitor though. "He stands there to be blamed" actually.

This sounds an awful lot like a kid with an enormous amount of character.

I mean...why have the vote in the first place indeed!
"Now go ahead and shoot me!" appears to be the only answer....BUT YOU DID GET YOUR VOTE TOO.

I think this really does "stick it to the Troika" whatever all The Backbenchers say.

"Behind them stands the Real Troika" of Russia, Britain and the United States.

Fri, 07/10/2015 - 22:18 | 6298036 techstrategy
techstrategy's picture

What do you mean with "Behind them stands the Real Troika" of Russia, Britain and the United States."?

I've never seen anyone else with similar POV.  Please explain.

 

FWIW, I think he's forcing Merkel into a corner.  Germany will look HORRIBLE if it refuses.  If it accepts, the Greeks will continue pulling deposits post bailout and default later... Meaning Germans on the hook for more all the time...  The German and French people should be furious at their politicians for yet another socialized loss /private gains for their banks...

Fri, 07/10/2015 - 20:59 | 6297787 shovelhead
shovelhead's picture

Greek legislature votes to keep their checks rolling in and a big Malaka to the Greek people.

Fri, 07/10/2015 - 21:00 | 6297791 Spungo
Spungo's picture

Leave the Euro and end this bullshit almost immediately? Nah, let's beg the ECB for help.

Even Keynesians would agree with me on this. If the bank you are under doesn't want you to spend more, simply leave and start your own bank. Problem solved.

Fri, 07/10/2015 - 21:05 | 6297809 Anopheles
Anopheles's picture

Even if they leave the Euro, they STILL need MORE LOANS. 

Fri, 07/10/2015 - 21:04 | 6297804 JulienFR
JulienFR's picture

Just like in a sect you cannot leave 

Fri, 07/10/2015 - 21:07 | 6297806 Chalan
Chalan's picture

Now it will be worse for Greek citizens because they spent their Euros out of fear of bank bail-ins, now they will pay higher VAT. Get less in pension money if Merkel aproves it and they are broke.

I see a collapse either way with in 2 years for Greece.

 

We all get what we deserved, sooner or later.

Fri, 07/10/2015 - 21:38 | 6297928 Stormtrooper
Stormtrooper's picture

It seems that the Greeks are every bit as stupid as the average American. Fearing bail-ins, they wasted their money on BMWs and washing machines rather than on AK-47s and RPGs which would allow them to deal with the government sellout. Oh well, I'm off to check out the latest sales on ammo. Someone has to be prepared in the US for what is coming our way.

Sat, 07/11/2015 - 00:58 | 6298366 norecovery
norecovery's picture

Go ahead -- show up at a government building with your AK-47 and what happens? ...the police shoot you dead on the spot.

Fri, 07/10/2015 - 21:05 | 6297812 CHC
CHC's picture

Let's see how well the Greek people take this.  If they really had balls, they'd have Tispiras' head on a fucking stick by Monday. 

Fri, 07/10/2015 - 21:46 | 6297956 MS7
MS7's picture

Maybe this is true of all people, but it seems they only have balls when they have a leader to get behind. They thought that leader was Tsipras and that helped them to vote NO. Now there are many small, scattered groups that want to resist, but with no leader to bring them all together, unfortunately.

Fri, 07/10/2015 - 22:04 | 6298004 silverer
silverer's picture

Time for new fearless leader.

Sat, 07/11/2015 - 00:21 | 6298287 TeethVillage88s
TeethVillage88s's picture

Bahahahahahaha

What you been smoking Willis!!

Money Rules all others Drool. It is like TV or Hollywood or Music industry... The Financial Conflict of Interest took over Washington DC.

Sorry to have to tell you.

- Solutions? Many and not by the lowly level of me... Famous people have solutions, BUT NO ONE WANTS TO TAKE IT ON.

- Alternatives? Many and not by the lowly level of me... Famous people have solutions, BUT NO ONE WANTS TO TAKE IT ON.

- Spokes Persons? Many and not by the lowly level of me... Famous people have solutions, BUT NO ONE WANTS TO TAKE IT ON.

Publishers? Many and not by the lowly level of me... Famous people have solutions, BUT NO ONE WANTS TO TAKE IT ON.

PACs or Foundations for Freedom? Many and not by the lowly level of me... Famous people have solutions, BUT NO ONE WANTS TO TAKE IT ON.

Wealth, Power, Haciendas, Encomiendas, Slave Labor, Use of Workers which can't be audited... and which might even use Child Labor... No Political Will to audit women and kids being deprived Worker Rights, Worker Wages, Worker Advice, Worker Education, Worker Breaks, Worker Freedom, Worker Overtime...

Thanks Bill Clinton.

Thanks G.W. Bush.

Thanks Barack Obama for Screwing our kids, Women, old folks, unionization, modern progress, transparency, auditing, conflict of interest, financial conflicts of interest and bribes... hell you are the suck of all time!

Go B. Obama give away worker Rights! Give away Human Rights. History will screw you in the end, you fascist.

Oh about the wars? Carry on. We will record your war mongering too. Legacy 101.

Hey President Obama, you ever heard of Karma?

Fri, 07/10/2015 - 22:32 | 6298076 xcehn
xcehn's picture

I expect we'll see the golden arches at the acropolis before that ever happens, and even then...fat chance.

Fri, 07/10/2015 - 21:12 | 6297824 Wild Theories
Wild Theories's picture

well, trusty ole Ghordius did give us a heads-up, so at least I'm not completely shocked

Fri, 07/10/2015 - 21:10 | 6297828 Seasmoke
Seasmoke's picture

Well he did kick the can 6 days , had people celebrating the NO vote instead of rioting and remembering the banks were closed. So he made it thru another long week. But Now if he really thinks Germany wanted them out all along, is the part I'm not buying. They want the debt paid by Greek serfs. I don't see this last move working and Greece rioting Sunday night. It's amazing the things people will do when addicted to paper fiat currency. 

Fri, 07/10/2015 - 21:11 | 6297831 Oldwood
Oldwood's picture

This has all been theater for the benefit of the rest of the broke Euro nations. The union must be saved and I believe that will include Greece, but Greece will be thrashed and disparaged as an example to all others who would otherwise pursue the deadbeat option. Remember, this is about the union...and nothing else. Everything was designed to serve the union, prosperity and crisis alike. The member states will ultimately be required to be on their knees before the union....and democracy is only relavent to reinforce teh will of the government, not direct it.

We see this around the world. Democracy is placed superior to individual rights and all constitutions as look as it advances the agenda. When not, it is discarded by courts or simply ignored. America has countless laws with public support that are ignored by those who have pledged to enforce them. We passed a law that stated we would build a border fence and impose other border controls, yet none are enforced or even funded. We have gun laws that are in direct conflict with our constitution, and even when SCOTUS has struck them down, they still persist under new names.

No, this is what democracy looks like and hopefully our tyranny is everything that was hoped for.

Fri, 07/10/2015 - 21:25 | 6297889 shovelhead
shovelhead's picture

The Greeks are gonna get off easy.

President Lincoln killed off a few hundred thousand guys.

Fri, 07/10/2015 - 21:12 | 6297839 voltrader66
voltrader66's picture

As long as we have a huge rally in Greek Banks on Monday, I make a few $100K, I am happy. We all know that sooner or later the Greeks are going to go under and out of the EU. All of the events over the past few weeks are irrelevent over the long term. I am surprised that there seems to be overwhelming sympathy for the Greeks and very little for the hard working tax payers of Europe who are afterall paying the Greeks for their lavish (relatively) lifestyle.

Fri, 07/10/2015 - 21:22 | 6297880 shovelhead
shovelhead's picture

As a great wag once said:

"You can't fix stupid".

Sat, 07/11/2015 - 10:10 | 6298948 acetinker
acetinker's picture

That great man was Ron White.

Fri, 07/10/2015 - 22:43 | 6298104 FIAT CON
FIAT CON's picture

"I am surprised that there seems to be overwhelming sympathy for the Greeks and very little for the hard working tax payers of Europe who are afterall paying the Greeks for their lavish (relatively) lifestyle."

All is not what it seems.

Perhaps if we had debt free money and politicians with some respect for the people they govern:

  • The greeks would not be broke.
  • The rest of the people in Europe would not have to work any where near as hard to pay for Greece.
  • You and I would have a much better quality of life.  

So what the banksters create, bankrupts Greece and you feel sorry for the rest of the slaves of Europe who have to pay.

put the blame where it truly lies ,the Banksters

 

 

Sat, 07/11/2015 - 07:23 | 6298667 Hyjinx
Hyjinx's picture

Sorry, NO ONE forced them to borrow endlessly.  The Greeks and ultimately responsible for their own clusterfuck.

Fri, 07/10/2015 - 21:12 | 6297841 Seasmoke
Seasmoke's picture

Where did Putin go, on a long holiday with the new girlfriend and baby ??? Or was he just not in the part of the play ???

Fri, 07/10/2015 - 21:12 | 6297842 Lumberjack
Lumberjack's picture

Sounds like the US of A in recent years.

Fri, 07/10/2015 - 21:16 | 6297856 cougar_w
cougar_w's picture

Picked the wrong week to stop sniffing glue.

Again.

Fri, 07/10/2015 - 21:22 | 6297879 cornedmutton
cornedmutton's picture

I used to do drugs. I still do now but I used to, too.

Fri, 07/10/2015 - 22:00 | 6297989 cougar_w
cougar_w's picture

That's some fucked up wisdom for the ages, my friend.

Now listen. I'm going to be the last mo'fo alive. Fact. I'd say "wait and see" but no you all will be dead already so that can't work.

I will be the last mo'fo alive. Like I said.

And when I'm the last one standing or I might be sitting down sometimes I am going to carve a tombstone. I am going to find me a rock and carve a flat spot on it. And when it is flat enough for my purposes (and I am not going to ask you fuckers anything on the subject, you being all dead and that) I will carve upon that flat rock an epitath.

For us. All of us collectively meaning here just for you my nigga's. Because I won't myself be dead as yet just say'n.

And it will say carved in stone by the last nigga that walked (you all being dead as dust by that time just so you have the correct context) it will say this: 

"I used to do drugs. I still do now but I used to, too."

If it all will fit. I might need two rocks in fact but that is not to detract from the sentiment.

Which is that I love you guys.

So you know. That's what I will write. When I am the last one standing.

 

Sat, 07/11/2015 - 00:01 | 6298258 TeethVillage88s
TeethVillage88s's picture

Are you Black?

Why are you afraid of the White Man?

Why don't you like Oblawhite?

Don't you know there have been hundreds of thousands of White Slaves sent here from England as they used Impressment to make sailors to work the ships, then they sold off the kidnapped White people in the USA as Bonded Slaves??

Fri, 07/10/2015 - 21:18 | 6297869 surf0766
surf0766's picture

Doesn't matter. Oct 20 2015

Fri, 07/10/2015 - 21:20 | 6297874 shovelhead
shovelhead's picture

Schauble invited Merkel over to gloat with him. She looked a little sick so he put on some music to cheer her up.

https://www.youtube.com/watch?v=w_1-Iww8WS4

Fri, 07/10/2015 - 21:20 | 6297876 Moccasin
Moccasin's picture

The people are betrayed by government again. The people of Greece had a vote, a refernedum, direct f'n Democracy and the government throws the people under the bus. I hope the people hang the bastards!

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