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Finland Echoes Germany, Wants Greece Out; Five Other Nations Back Grexit
Initially it was just an unconfirmed report circulating in the German FAS media that the local FinMin had proposed a "temporary Grexit" option. Then it got some more traction when a ZDF journalist reported that it was much more than just speculation...
Schäuble´s idea of a "Temporary Grexit" not yet discussed at Eurogroup meeting. But paper exists and circulates. #Greece
— Stefan Leifert (@StefanLeifert) July 11, 2015
It now appears that this was not only not a rumor, but Schauble's sentiment is contagious: moments ago Finnish broadcaster MTV reported that first Finland, and then the Eurozone's smaller, if somewhat more solvent nations, Estonia, Lithuania, Slovakia, Slovenia and even the Netherlands, support the German position on temporarily suspending Greece' Euro membership.
Finnish government near to collapse this morning. True Finns saying NO for #Greece or leaving government.
— maria stenroos (@mariastenroos) July 11, 2015
Source for #Yle: Finland's position in #Eurogroup more tough than Germany's.
— maria stenroos (@mariastenroos) July 11, 2015
Source for Yle: Stubb's mandate from Finnish parliament is very narrow. In practise means #Grexit. #eurogroup
— maria stenroos (@mariastenroos) July 11, 2015
MTV3: Finnish gov't supports the idea of temporary euroexit for #Greece (I don't buy this 100% and no confirmation) http://t.co/c9lbKl3p9u
— Jarno Hartikainen (@JarnoHa) July 11, 2015
Head of grand committee won't comment whether news claiming FIN gov't supports temporary #Grexit are correct. "Position is secret."
— Jarno Hartikainen (@JarnoHa) July 11, 2015
Would explain why Stubb, for the 1st time in his career, didn't find time for doorstep comments. https://t.co/EJHKVAgMGS
— Jarno Hartikainen (@JarnoHa) July 11, 2015
Okay, already 3 big Finnish news outlets (MTV3, HS, YLE) reporting same thing: Finland wants #Greece out of eurozone.
— Jarno Hartikainen (@JarnoHa) July 11, 2015
I wld still advise ppl to b cautious abt news FIN wanting #Greece out. Hard to believe they would play harder than DE, will follow Schäuble
— Jarno Hartikainen (@JarnoHa) July 11, 2015
But... Schauble may just be following Merkel's orders, as the two are mmerely playing good cop, bad cop.
German government sources: Idea of a temporary Grexit was agreed on by Merkel and vice-chancellor Gabriel. #Greece https://t.co/Psz8oLe2xL
— Stefan Leifert (@StefanLeifert) July 11, 2015
Finnish Kauppalehti confirms that the Finns party leader Timo Soini just said no to more Greek bailouts:
Minister for Foreign Affairs Timo Soini According to the Finnish Government does not allow for supporting the Greek. "The starting point is of course the fact that Finland's responsibilities do not grow. It is a government program entry," Foreign Minister Timo Soini commented on a possible third rescue package for Greece to Ilta-Sanomat.
In which case one can forget Grexit: at this point of total diplomatic failure, one should be worried how long before all the other insolvent, if actively pretending to be doing ok, PIIGS have before the wrath of "Northern Europe" turns their way. As for Greece, it now appears just a matter of time.

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white power
Obama won't let this happen. He's got the goods (via NSA) on half those Northern Euro Wankers. How many of them want their private lives reveal?
They know he has the "goods" and they don't give a fuck. What does that tell you?
The breakup of the EU right before our eyes.
Spuds... Dont be a dumbfuck this is europe...its Rainbow Power.
RIPS
Euro crisis.
Beg Russia to use gold backed Rubles that are coming.
Little bit of turnabout.
So that's 5/26 or 5/27 (if the Greeks get to vote) .... Hard work for a Saturday night.
Excuse me, but could you point me to the nearest 5 Star restaurant?
Europe is trying to hold Greece hostage and the Greek government is letting them. This is where game theory gets everyone - nowhere. If Greece had already left the EU they could have saved millions of dollars on interest payment and used that money to purchase silver, issued a drachma, and backed the debt swap on the drachma with it - it being the silver. Then the price of silver would have gone up, probably dramatically, and their currency would increase in value.
Even if the drachma did not start off too hot in the FX markets it would have worked in Greek tourism's favour. And since Greece is a tourist hub this would have helped jump start the economy.
Yet Greece kicked and whined and Europe kicked and bitched and now they're both fucked.
5-year "temporary Grexit"; 6 month lockdown on large China holdings. OK. I get it.
Yippee Hoooray, Way to go Finland, NOKIA, ooops well way to go Finland, dont know if there is much left to that ice bucket after the NOKIA meltdown. Can only blame the FINS for Finis of NOKIA. But then they are soooo VISIONARY. I am sure they would of seen that happening.
Yo Finland. Let me tell you this to your face Lapplicker. You are all washed UP, or freeze dried or something like that. You will never be the beautiful country that Greece is. YOu will always be a an ice turd.
Finland I have one thing to say to you. Go suck on some Reindeer nuts, that is if you haven't wiped them all out already. Then you can suck on each others nuts. Or lick your old Nokia Phones. Or lick Schaubles or Merkel's balls since you have none of your own and are a EU whore. And wanna be NATO whore.
Hope that thing doesn't crash somewhere in the Ukraine.
Heh, Greece is using Drama before Drachmas to get funded.
They should have changed the order and would have gotten a better humanitarian result.
Now everyone will hate to help Greece..it will be double-tough now. Double Trouble -- Couldn't Stand the Weather
https://www.youtube.com/watch?v=nO23B5C_Mcw
Mr Panos could not be reached for comment. He's too busy producing another YouTube.
Wow, all that anger.
Maybe direct that hate towards your government and your non-taxpaying neighbour, because I assume you have done everything possible in your power to avoid Greece being Europe's beggar.
Party's over my friend. Time to clean up the mess. Quit moaning and clear out those bottles of ouzo.
Wow Cosomos!
What's the deal bro - I'm going to abstain from voting on that post!
I don't think either the Finns or the Greeks are bad people.
I believe that the elites that run both countries, and the zionist bankster glue that keeps them there are the real issues.
Your posts normally reflects this knowledge - never let your emotion affect your focus bro.
Folks, dont' get angry at the Finns, or the Greeks, or the Germans et al.
The Zionist neo-Con scum and their expansionst nato are the problem.
Finland aye...
http://www.nationaldebtclocks.org/debtclock/finland
tick tick tick...
I had forgotten about that web site. Thanks for reminding me. Another reason to by hard assets when you see that. It's scary!
Great site, makes you realize that even if they kick Greece out its not like the bottom line will get any prettier in the EU. Kicking out Greece is like putting lipstick on a PIG or FIG for France Italy and Germany hhahahha or SIG, or DIG, D for dutch etc...
Estonia, Lithuania, Slovakia, Slovenia... really guys ? That's the best that the Krauts could bring in their gang or groupies ?? If France leaves, the whole EU thingie is kaput. Hell, if Italy's out the whole scam is finished... and Italy is next in line.
Yep, countries who pay their own expenses and dont whine around. What is the problem?
Well obviously they don't belong in The Internationale debt skimming racket called the Euro, then.
WOW, that's frightening!!!!!!
Currency swap. Drachmae for Rubles.
Russian Rubles in Greek ATMs. Russia will not provie electronic funds - only Ruble banknotes with which to load ATM machines.
As much as these Zero Hedge thumbnails are a guilty pleasure, I must point out that Norway isn't a member of the European Union.
I recall Joe Biden claiming that it was during a speech. No one else caught it though. Media are a bunch of morons.
EØS is almost the same thing but without the voting rights. Norway pay dear for the privilege of access to the EU´s internal market. It basically must adopt all EU directives or risk getting thrown out of the market the directives cover if they veto. EU has them by the balls.
Anybody here ever got temporarily divorced?
Or a little bit pregnant?
But it is a member of both the EFTA and the EEA, so this is at best a semantic quibble:
"EFTA states which join the EEA are able to participate in the EU's internal market without being EU members, adopting almost all the relevant EU legislation other than laws regarding agriculture and fisheries."
Which points to a very interesting question. Why is it that Greeks are so keen to stay in the European Union when the Norwegians have sensibly decided no fucking way.
I have been struggling with this conundrum.
Why do they insist on being a part of a group of countires that obviously disdains their presence?
The only answer I can come up with is the ability to cross the border and seek work elsewhere.
I don't believe the altogether with Europe bullshit that we are constantly hearing: Oh, this referendum was a great victory for European democracy. What a load of horseshit.
Back when they joined Greece found EU was a willing big(est) fool.
Greece found their big sugar daddy and now going for its 'best' bailout deal now.
I guess when countries get debt laden and desperate, they will look for the biggest con to get out of their mess.
Honorable way would have been harder and slower, but would have received more respect from the EU and world.
Mario @GS wanted to find a way out for Greece, and EU wanted to find a way out for Greece, so then they could 'solve' the worldwide debt problems and fix it for everyone.
The Greek experiment to somehow finance/politicize/federalize/ponzi the debt away ended in failure.
Now we know, there remains, NO (debt) EXIT. {1944 existentialist French play by Jean-Paul Sartre}
Sage ancient advice to Frau Merkel:
"WOMAN WHO FLY PLANE UPSIDE-DOWN, WILL HAVE CRACKUP" - Confucius
According to the above JPG, looks like a EUROBUST.
It tells me none of you fuckers are paying attention.
Nope. Obama didn't manage to avoid the Ukrainian crisis as well.
Just remember how it all started: Tusk, Steinmeir and Fabius in Maidan to sign a political exit for Yanukovich, the day after the coup for which neither EU nor Germany complained.
Germany has recovered his old empire. 3rd reich ?
No, Obama strated the Ukrainian crisis, together with NATO and EU. Remember Nuland?
You write it like Obama had any say in it...lol
Whether he is a stooge and a puppet or not, he is still in charge of her and responsible for her actions.
Both Senators, Obama and Lugar, were involved in 2005. This was after the Budapest Memorandum in 1994 removed all nuclear weapons from Ukraine.
Flashback: Senator Obama pushed bill that helped destroy more than 15,000 TONS of ammunition, 400,000 small arms and 1,000 anti-aircraft missiles in UkraineIn August 2005, just seven months after his swearing-in, Obama traveled to Donetsk in Eastern Ukraine with then-Indiana Republican Senator Dick Lugar, touring a conventional weapons site.
The two met in Kiev with President Victor Yushchenko, making the case that an existing Cooperative Threat Reduction Program covering the destruction of nuclear weapons should be expanded to include artillery, small arms, anti-aircraft weapons, and conventional ammunition of all kinds.
http://www.dailymail.co.uk/news/article-2573557/Flashback-Senator-Obama-...
5 billions for 20 years of propaganda in a country of 50+ millions (in 1991). I'd not call that investment to topple a gov., but trouser pocket change.
Come on: BBG propaganda machine cost almost 1 billion a year
Obama"s got Reggies cock up his queer ass as we speak. No one repects that little punk, his wife has a dick and he has got shit cards to play.
Won't let this happen? The guy has gotten routinely pwned in international affairs since the day he took office. I literally cannot think of a single diplomatic success of his.
" How many of them want their private lives reveal?"
They don't give a fuck. Europe is not the USA. Nobody here in Europe would lift en eyebrow at some adultery.
The only ones who can be afraid are the British, because of the high-profile pedocriminals in their governement whose names are at the moment secret. Those will toe the line for sure.
Others with just women who don't happen to be their wives stories, certainly not.
Now that the US media has made men who suck cock or get their dicks chopped off into heros, I don't see the threat implicit in the comment that the NSA has the "goods" on them?
Racists like yourself make me laugh.
I did not interpret the comment like that. I do not recall a posting history for that person so you may be right, but if anything, I read sarcasm and deep critique.
He sees racists everywhere. He think managing to have a black baby makes him a far-left authority on everyone elses "racism". He drags that kid out everytime he opens his yap. Poor kid has permanant case of road rash.
He bought the White Guilt trip hook line and sinker like an encyclopedia from a door to door salesman that he'll pay on for the next 30 years.
People who cry racism make me laugh.
Shows me what a weak minded person you are.
Your picture is racist against people with no ass.
Self hating white(those of european decent) people disgust me.
The white guilt that reared itself over the whole confederate flag mess was finally enough for me to cut off a large portion of my liberal friends.
the National Council of La Raza and the ADL must keep you in stiches, Larssen.
Greeks are white.
But, yeah...
Some are some aren't unless you count Turks as white.
Big mixture of interbreeds.as you would expect from a martime nation.
Arab, african and green with purple spots mixed in with that "white".
GrecShit!
Now fucked!
hehe.
Chinese and Russian are likely to have many F-16 and other equipment to play ...
:-)
I wonder if Germany and those other five support this
"strategy" for the same reason???
As in, their populations are bankrupt, and if
they don't cut Greece loose, their governments
will be bankrupt as well?
The dirty laundry is not where you think it is!
It's because Grexit is the only possible outcome anyways. Why delay the inevitable? Greece's entire economy is based upon spending more money than it has. They can't "reform" that.
Kudos to the Finns. Most down to earth, honest, direct, no-nonsense types around. They'll tell you to fuck off in your face when it's warranted. No beating about the bush. Love them.
They're the working-class folks who pay their mortgages finally saying, "What's all this bailout bullshit!?"
"Home of the Lapuas"
Gimme an L, gimme an A .....
A bad ass round, indeed
https://en.wikipedia.org/wiki/.338_Lapua_Magnum
Finland I have one thing to say to you. Go suck on some Reindeer nuts, that is if you haven't wiped them all out already. Then you can suck on each others nuts. Or lick your old Nokia Phones.
Best you got, Francis?
I like the Finns as well and they are smart.
However - I have no idea why they think having Finland stay in the EU and Euro is a good idea.
Nor do I.
They have bankers to feed too
They all want free shit from the EU but there is no free lunch!!!!!
The most all around admirable tribe on the planet.
Although the defense of the continent, by the Germans after D-Day, is considered the most magnificent defense in military history, i.e. German divisions, many with as low as 40% strength, grudgingly gave ground to a far greater number of fresh divisions at nearly 100% strength, the Finns did much the same against the Russians and were even more outnumbered. The Finns and Germans have a great mutual admiration. If the Finns dig in, you will play hell dislodging them, and only then if you outnumber them by 10 to 1 or more.
Maybe when its throwing snowballs. But times have changed. Airpower is where its at. Any dug in fools will end up like the Maginot Line.
After the Greeks throw Tsipiris out the one to watch is Putin.
If I was Greece I wouldn't want to be a part of something that no one wants me to be part of.
Putin is likely to help Greece through its most trying times and for that I would think the Greeks would be grateful.
Obama best keep his nose out of this. The US is already too far in debt as it is.
"The US is already too far in debt as it is."
True, but that hasn't stopped the US before!
Agree. If anything, we have a printer and if we think we can get away with it for a while longer, what's a few billion more? The Fed may well be the ultimate "bad bank" like a disposable condom. Let it go, forgive the US, but take away reserve currency status [bad country, bad, bad, put your wrist out here right now. Smack! On your way you bad empire you]. Bonus points, we demand it be forgiven because we ran it up helping so many who were less fortunate than ourselves on the planet.
That may be our best solution. The FED buys all U.S. debt and disolves itself. We lose reserve currancy but USD can only be spent on U.S. goods and services.
Ah so, but the ignorant little monkey with a handgranade who plays piggon chess is far too arrogant to step off and fuck himself , he would rather open his mouth and fuck us all.
As if he really gives a damn.
El bozo isn't about 'America'. The punk might try to force a can kick with Greece, but ONLY because he doesn't want the train completely off the tracks while he's still playing conductor.
All Putin has to do is sit back and watch this all unfold. He knows it too. The trick is keeping his people polarized, united, and resilient. Easier said that done. So, he is going to have grandstand a little here and there. Western powers continue to play into his hand though... primarily because there aren't any other options.
For the record, I am not pro-Russia or pro-Putin. Putin is one dangerous SOB. I am just calling the shots as I see them.
FWIW, Obama is just a tool. Same as Bush. And same as whomever is next. They know a shit storm is coming. They know we are in overshoot - as it has been studied, wargamed, etc. ad nasuem for over 50 years at least. MIC knows also that the power centers of the world are hanging in the balance. Stakes have never been higher.
Is a butt plug actually a "tool"?
When a person is drowning, you swim to it.
Wait faint or gives you a shitload.
Only after that surrounds the neck and bring to the beach.
An analogy to China and Russia strategy.
They are waiting for Greece to be drowned in Europe.
When faint, they save.
There is much in common between Greeks and Russians, starting with the Orthodox Church.
hehe.
"Obama best keep his nose out of this. The US is already too far in debt as it is."
It would be better if the US stepped in and paid off the entire Greek debt gratis. There is no hope for peace as long as the US exists. Anything that helps the US go bankrupt faster is a good thing.
Has Greece run out of fiat?
In a single sentence this is all there is to say.
"Currently 80 euro a day" sure sounds like "out of euro's" to me.
Yes!
Greece runs out of Fiat, without Volvo without Mercedes-Benz without Bentley without Citroen .....
Exchanged for Lada, Shineray, Kamaz ...
hehe.
Don't you just love this big, happy EU family?
The phrase "FUCK the EU" comes to mind.
Go for it Greece.
How on earth can you have temporary exit from euro??
Greece, tell the Banksters where to stick their debt, they are not getting a euro of it
Income tax was a temporary measuse to fund the Crimean war.
As you can see the war, and the income tax never stopped either.
Looks like the 'fuckits' have it,doesn't any bailout need unanimous support ?
When the GW bridge was built between Manhattan and New Jersey, a "temporary" toll was imposed to pay for the bridge. It was supposed to be eliminated when the bridge was paid for. If you add up all the tolls since the bridge opened, they would pay for the bridge to go from NY to Paris.
Exiting the euro would make the debt even less affordable that it already isn't
Whoever owns the rights to "The NeverEnding Story", needs to get their lawyers to sue the EU for copyright infringement.
Uh oh. No one wanted Greece all along. That could put a wrench into things. If it finally gets Gold moving back up where it belongs. Then that's great news to me.
This does not solve anything.
Rinse and repeat individually for Spain, Italy, Portugal and France. One at a time.
The result is a whole lot of pain for them all, and the Germans are left with the rump of an overvalued Northern Euro, which in turn will not save German industry because their exports will be priced out of their remaining Western markets.
Germany is screwed unless Merkel gets serious about real solutions.
They are all screwed. And they know it. We are too. This is just a matter of where blame gets placed and who gets it in the rear first.
Last week I predicted that the Greeks would vote "yes", so my credibility is zero. So I am just thinking out loud here, but it seems to me that "temporary" is actually "permanent" and everyone knows it. Assuming that, it also seems to me that Grexit is the best bad idea for everybody. Unlimited bailouts set a dangerous precedent for PIS(F). Grexit risks Southern Europe exit (Sexit), but that may be the lesser of evils in the long run.
Don't be so hard on yourself.
The Greeks in the Hellenic Parliament did vote Yes.
http://www.zerohedge.com/news/2015-07-10/over-you-merkel-greek-govt-appr...
When can we expect the CDS dominoes to start falling?
My best advice is don't hold your breath while waiting.
If they don't pay however, who will ever buy and european govt. bond again at these interest
rates ?
The CDS is the only thing keeping them low yield.
A reversion to mean in about 50 days ?
And who set the dominoes up? Hint: TBTF & country.
What a ridiculous solution, a temporary exit. Ok so then what about these scenarios if you give a a temporary Greek exit?
- What precedent does this start for other countries with enormous debts? How would say Italy, use a temporary exit, then France, then Spain? What if in 5 years time, we have 6 or 7 nations of the EU in this temporary exit?
- So the Greeks lie about their financials, the Greeks refuse to do what is necessary to fix their economy, the Greeks dither, procrastinate and betray their own people (alla pointless referendum), so how do you control a Greek nation cheating on the temporary exit?
- So you give the Greek nation a temporary exit, fine. Do you really think the Greek people are going trust their own incompetent government? So what do you think the Greek people are going to do during the next 5 years? Are you going to have capital controls for the next 5 years? Can you guarantee there will not be a revolution or coup d'etat by the military which has a history of doing these things? Remember the Greek government has ABSOLUTELY lost control of the economy, you think they are in control of the Military, or any other revolutionary forces?
-Greece's economy is in tatters. The only way it can get itself out of this mess, if it can grow. But all of Europe is in recession and economies all over the world are in reverse. Greece needs to grow, it can only do this by increasing its population, the same way that all European countries have supplied growth since WW2. You think Greece will allow immigrants into their country? They have never done that. How do you guarantee growth then in a world economy that has been in trouble for the last 7 years? Can you really promise growth for the next 5 years?
- What will the Greek population do in the next 5 years? Why should the young even stay for the next 5 years when you are promising them only an eventual possible FULL exit? This makes not sense.
None of this makes sense. This sounds like a scared solution.
There is only one way this Greek nightmare can end:
- Greece must pay down its debts, they must sell assets, if that means they sell some of their islands so be it. Greece has the assets, that can pay down their debts.
- Greece and further, Italy, France and Spain, must understand that there are serious repercussions if they do not get their economies in order. Otherwise, NOBODY will take any creditor seriously. There must be SERIOUS REPERCUSSIONS for countries that run their economies on borrowing money to fund their economies. New regulations must be set that ENFORCE debt load limits on countries. Maastrict was supposed to do this. But nobody took it seriously, and now everybody is paying a price for their profligacies. You can not allow disgraceful profligart acts of government go unpunished, IT IS IMMORAL, UNETHICAL and CRIMINAL.
Finally, lets not forget Greece's history. Greece for 200 years has been a basket case economy. They have NEVER honored their total debts, they have NEVER run their economy properly. Why should they start now, when for 200 years they have flubbed their noises to every state in the world that lent them money. 200 years is enough time to get your house in order. It is now time, to pay for your insolant ways. Greece must pay the debts WITH ASSETS.
Furthermore, it is high time that all nations when they borrow money they must now put collateral behind those loans. Promising that the future taxes will cover loans is not enough. There are countries like Italy, France and worst of all the United States of America can not possibly honor all their debts and obligations (one day the USA will find itself in the same state that Greece is in, then what?). You must back up loans with collateral, this done with all businesses and personal loans, it should be done with countries too!
This monetization of debt must end! Monetization of debt, is a criminal construct by governments to enrich the elites from stealing from the poor. Governments run their economies using Ponzi structures, and this must end.
Every angle you take is a dead end. It all ends in deflation or hyperinflation (into nothing which is akin to absolute deflation). The only realistic outcome is pain. But, no one is going to vote for that. So, it will come as a result of outright failure. Which means more pain than was otherwise necessary. Same as always. History is quite clear on this.
The best bet is never to let this happen again. Term limits for politicians. Making it illegal and impossible for governments to borrow. Limits on the complexity of government and systems. Etc. But, between now and then, it is going to ugly. For all of us, one way or another. And I am on optimist.
Be careful what you ask for ...
Soon Hawaii will be delivered to China to pay the US debt.
They may have to return Alaska to the Russians.
Perhaps Saudi Arabia settle with California, they are accustomed to lack of water.
hehe.
MTV!!!
you know what?
who gives a shit anymore.
How about we worry about our own country being send into the next world war by the Anglo-Zionist Occupation Government?
http://vineyardsaker.blogspot.com/2014/09/anglozionist-short-primer-for-...
So - you're either a member or you are not a member, now you can be a member BUT suspended for as long as they see fit? Kind of like: timeout for a 4 year old? HaHaHa Hey Greece - tell the entire EU to FUCK OFF - call it a day and party like there's no tomorrow! Fuck 'em.
Hey, I like that idea. How about a timeout from US membership for some of the worst deadbeats here. California, New York, Illinois. When you get your shit together, call us and we'll consider reinstating your statehood.
What about Puerto Rico? Are they going to be allowed to declare bankruptsy? We should tell them to get fucked and let them go. Why keep them when they don't pay any taxes to us, and they get a shit load of freebies from us. Puerto Rico is our Greece.
Obama was sticking his nose in Greece this past week so don't be surprised if he doesn't suggest some form of US bailout. The guy is bailout crazy. Were $18 trillion in the whole and it keeps growing by the hour. By the time Obozo leaves office, it will have climbed to $20 Trillion. Were fucked and too dumb to admit it.
Puerto Rico?
Kkkkkkkkkkkkkkkkkkk!
It belongs to the Puerto Rico Inc. headquartered on Wall Street.
If I lived in Puerto Rico I would find a way to get a boat or learn to swim.
Not be long before the inhabitants are expelled, that turn a mixture of Resort with tax haven.
Similar to Cayman only closer to Europe, further from the radioactivity in the event of IIIWW and without native people.
hehe.
No one likes being treated like a red headed step-child.
To be fair to step parents, red headed people are evil.
Now, after such comments, why would Greece want to stay IN? You want me out? Good, I'll go, and I'll take your currency with me down the drain.
As Gerald Celente once said — when people have nothing to lose, they lose it.
Gotta love Greece. They got a big hairy sweaty set of balls.... "We're not going to payback the money you lent us (debt restructuring), but can we have another 78 billion?!?!" "We promise we'll payback this loan, no bullshit time". Fuckin comedy gold.
Greece is a bottemless pit!!!!
The end to this movie is so much better than I thought it would be. I wish I could bottle this up and get drunk off of it.
Paradigm shift. Other European membership countries realize the Greek Debt infusion will be shared amongst all members. The IMF needs to generate compounding loan revenues to keep the lights on.
No way that the EU will agree to be hold hostage by a marxist-extreme left Greece. The EU does not want te become a second Cuba or Venezuela. I think that Tsipras will be already forgotten within two weeks. And that Greece finally understands that you cannot feed your family continiously from your neighbours kitchen.
Temporary. Just like the US dollar moving off the gold standard was temporary. Just like US income tax was temporary.
Greece, meet Russia. Russia meet Greece. Who has the ring?
Syriza should have had a Plan B. Instead they wasted their time writing speeches about European solidarity. If they had a Plan B, they could have had the drachmas ready. Instead they are at the mercy of Wolfie's plan for exit, which won't be a gentle one.
start planting some cannabis.
"won't be a gentle one"
'Temporary exit' seems like a gentler way for Greece to learn to stand on their own feet. Maybe that wording will help to reassure the Greek FSA a little bit.
the sentiment has replicated itself into the group consciousness.
edit: but not italy's, who actually have veto power.
Finland like Latvia (cut by the same scissors) place zero role in the negotiations
I wouldn't say zero. Finland and the Baltic States would be an integral part of a potential northern Euro.
I always heard 'cut from the same cloth' but I knew what you meant.
If they do not agree to the agreement, the is no agreement.
could it be any more obvious - these so called leaders are completely rogue and we mean nothing to them... everything on paper (wealth, treaties, referenda) are utterly UTTERLY meaningless..i.e if you have a document saying you own some shares/pension/funds/bank account.... its all shit... and subject to confiscation which is an oxymoron in that how can something be confiscated that didn't really exist in the first place... simply put Fiat Currency is just a control system
Own physical gold guys (for your family's protection) and remove some of the exposure
www.teamramgold.com
Kick the Greeks out - their Govt. just proved they cannot be trusted... once the deadbeat/liar Greeks are kicked out the Euro will soar.
Greece was enjoined with the Eurozone under false pretense. In my opinion, they were tricked by the bankers and should have never been included in the first place. At this point in time, wouldn't a Greek exit be best for everyone?? Especially Greece! A grexit won't solve Greece's problems. They still need to clean up their fiscal act. Being brutally honest with pensioners and public sector employees is not politically expedient, but is the morally right thing to do...listening Washington???
"They were tricked"...
Seriously, are you really that simpleminded?
HAHAHHAHAHHAHAH. Nobody gives a FUCK what Finland wants. No more than anyone gives a fuck what the Greek people want. 62% said "OXI" to austerity. But they're going to get even worse austerity than they rejected via the fraudulent pretend Democratic process.
Finland. LOL. You mean Sweden #3? Enjoy your refugees. Africans totally belong in Scandinavia, to claim otherwise is racist!
that cartoon is right good freedom porn
Aw fuck it.
I'll do it anyway.
http://preview.images.memegenerator.net/Instance/Preview?imageID=3291562...
This will be fun.
Bullshit it was agreed with merkel and gabriel, her comms chief is just spinning that. Merkel doesnt have the guts, she is no visionary. She is just an administrator and a bureaucrat at the end of the day. Primary reason for her actions is to remain in power, spineless
The Germans, Finns, et cetera, have been decent. They tried restructuring Greek debts and have already done two write downs in 2011 and 2012. So what hope is there that Greece will honor future pledges? I would think to be a member of the Euro group you have to have a European style democracy and economy that honors it’s debt commitments. How do you have a political union with a European Argentina?
At some point the best decision is just to send humanitarian aid, and trust that the Greek people will eventually redesign their economy and political class. The US should shut up and support the Euro group and send humanitarian aid.
The Germans, Finns, et cetera, have been decent. They tried restructuring Greek debts and have already done two write downs in 2011 and 2012. So what hope is there that Greece will honor future pledges? I would think to be a member of the Euro group you have to have a European style democracy and economy that honors it’s debt commitments. How do you have a political union with a European Argentina?
At some point the best decision is just to send humanitarian aid, and trust that the Greek people will eventually redesign their economy and political class. The US should shut up and support the Euro group and send humanitarian aid.
There is a secret cooperation between Russia and Germany.
http://www.counterpunch.org/2015/06/29/putin-gobsmacks-uncle-sam-again/
"Look, Agamemnon, things aren't working out. We tried counseling, but it didn't fix things. I think it's time for a trial separation. It's not a divorce, mind you, but you do have to move out."
Looks like Schauble and other northern fin mins are ganging up on Merkel as well as Greece.
I'm sure they all understand that "temporary" would inevitably be permanent but as politicians they are trying to spin it that they are just offering a helping hand during Greece's time of trouble.
Best news I've heard all week!
...though this'll be hard for the Syriza-suckers to rationalize. Wasn't Merkel et al trying to "enslave Greece to the EU"? Huh? Haven't you been cheering on a Grexit to escape the "banksters" and "German domination"? What? ...now the alleged slave masters are telling the skave to get the fuck out. Does not compute? ROFL
Anyway, to those in the reality based community, I pose this question; Is this about Germany et al providing a lesson to the other PIIGS, to instill some fiscal discipline it them? Or is this truly the first step in the abolition of the transfer union, if not EMU/EU altogether?
Let us pray fervently for the latter.
Aparently they figured out that loaning more money to a deadbeat is not a good finacial plan.
Greece, another failed debt bailout experiment.
Mario needed more firepower so he headed the EU to get moar fiat finance bazooka power.
Now that Greece and EU has failed to properly fix Greece, will any other indebted country with few options be far behind Greece ?
Will any Fed or Toika ever win the fiat/debt battle ?
Will this race to the bottom end ?
What is going on?
If they are a community with common values......nice traty......
they have to support each other.
But what are they doing:
-point with a finger at a country
-destroy the country with more debt
-kick the country out
this is seen in the Ukraine as well, first instignate some troubles and then leavethem hanging.
It should be actually an easy task for adversary to defeat such funny continent.
"they have to support each other"
In what way Greeks support fins, lituanians, lettonians, estonians, bulgarians?
Spending their moneys?
In what way Greeks support Italians, Spaniards, Germans?
Forcing the ECB and the others to debase the €?
"HAVE TO support each other" is fine and dandy when it is voluntary and not one way ticket to ruin for the supporters.
You being poor or in need is not a sound base for supporting you.
You being virtuous, hard working, serious, spending less than you produce is a good base to supporting you when bad luck hit you.
"they have to support each other"
In what way Greeks support fins, lituanians, lettonians, estonians, bulgarians?
Spending their moneys?
In what way Greeks support Italians, Spaniards, Germans?
Forcing the ECB and the others to debase the €?
"HAVE TO support each other" is fine and dandy when it is voluntary and not one way ticket to ruin for the supporters.
You being poor or in need is not a sound base for supporting you.
You being virtuous, hard working, serious, spending less than you produce is a good base to supporting you when bad luck hit you.
Greece wanted a Grexit, voted for a Grexit,
now that's exactly what they're going to get.
then they can clean up their own mess for a change.
it won;t be pretty, and a real wakeup-call for the Greek people.
Tsipras and his communist mates will be right -
they have collected most of the bailout money into their own pockets.
Corrupt fucking bastards, ripping off the poorest amongst the Greek People,
telling them they are there to "help" and "liberate" them from debt...
when in fact they steal more and more money off them.
Where else do you think has the 240 billion Euros gone since 2011?
All the money has gone into the pockets of corrupt Greek politicians
and their corrupt associates.
but reading many comments here on ZH it is obvious to me that most People are
just lazy stupid ignorant fucking sheep who deserve no better.
So its not worth to waste too much time on Idiots and losers,
that get a kick out of being totally fucked up, dominated and enslaved by
corrupt lying arseholes like Varoufakis and Tsipras and the like.
WR;)