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EUR Indicated 100 Pips Lower After Tsipras "Mental Waterboarding"
After ramping gloriously on Thursday and Friday, basking in the warm after-glow of an assured done-deal, the FX market appears to be deja-vu-ing all over again as EU leaders throw up all over Greek proposals. EURUSD is indicated 1.1085/1.1056 in pre-market - down around 100 pips from the Friday close - following what one official called "extensive mental waterboarding" of Greek PM Alexis Tsipras.
As The Guardian reports,
Alexis Tsipras was given a very rough ride in his meeting with Tusk, Merkel and Hollande, our Europe editor Ian Traynor reports.
Tsipras was told that Greece will either become an effective “ward” of the eurozone, by agreeing to immediately implement swift reforms this week.
Or, it leaves the euro area and watches its banks collapse.
One official dubbed it “extensive mental waterboarding”, in an attempt to make the Greek PM fall into line.
An unpleasant image, that highlights just how far we have now fallen from those European standards of solidarity and unity
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Summing up where we stand in Europe - it appears Germany refuses to accept Greece's almost unconditional surrender.
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"Meanwhile back in the real world...
The Shanghai Opening."
That's nothing. Wait until there is no agreement again.
Oh.
And the Shanghai open. The "Greater Sucker" economic theory is about to go into full effect as the smart money will find a way to sell on the open tonight.
Smart money sold a long time ago. Trapped bulls just trapping themselves further with each ramp.
Mental Waterboarding my Ass
JUST SAY NO . . . like the voters did,
Remember?
Yup, waterboarding does not exist. As per the CIA, please refer to such act/acts as "unique" and/or "experimental" negotiating technique/s. Thank you.
Sometimes circumstances conspire to forge a man into something he wasn't. It's a damn shame this isn't one of those times.
It looks like he was just talkin' and never had a plan. That's a politician for you.
Read the Obama prophecies... he is about to take the USA over the cliff!
http://revelation12.ca
Keep your eyes on China folks. Grexit is peanuts to what's going down with the Shanghai market.
Or Latin America and Australia with it.
Maybe the market will break again this week?
What did the hand say to the face? SLAP!
By the pricking of my thumbs,
Something wicked this way comes...
[/Second Witch]
Why is the second witch only using his thumbs? Wouldn't both hands be more effective?
[Edit: This is a dirty joke; of course if you have to explain that, it ain't so funny].
Dear Greece,
Just. Walk. Away.
Stop Negotiating.
Fuck the Trioka. Hard like a rapist.
Watch who really has control you silly Tsipras.
Look! It is Greece who want to negotiate.. They are spineless people who are begging for more bailout to fund their welfare state! They deserved to be raped by Trioka!!
So Greece is flat broke and destitute but the Troika can't spare a dime because they're flat broke and destitute too?
I kinda like how that sounds actually.
"I'll take IMF for ten trillion Alex...
A game of chicken played on a national scale, that should end well.....
Agreed.
People seem to forget that dead beats/debtors have zero rights. If you want my money to be thrown down your black hole of a mismanaged welfare state... I get to have input on how you continue to run your shithole.
You would not be sucking my dick for more money if you knew how to live within your means. Don't like the taste of my dick in your mouth? Stop spending money and you will never have to be on your knees again.
Greece is the crack whore of Europe.
No, Tsipras demonstrates that he is responsible head of state, if he walks away, greeks will not have food to eat, hospitals will have no medicine, etc.
Of course, he tries to avoid it, but he starts realizing that Greece is to be asked what it cannot deliver because it canot pay the debt. EU is just a pussy unable directly push them out and pretents that Greece can be saved with impossible conditions...
"if he walks away, greeks will not have food to eat, hospitals will have no medicine, etc."
If they are this hard up, then they can't pay the debt. The must downsize and default on the obligation.
If you pull in so little, you cannot support yourself without loans, you are already done for. You are living above your means.
There is no option.
They have to walk away.
Why is this so hard?
I doubt the FSA here will take it well either when their gravy train comes off
the rails.
What cannot be paid,won't.
Tell me why things are opening limit down?
Oxi-boarding the markets. A thimble-full cleans a full truck load of it.
Tippyass has evidently met and held 'vigorous negotiations' with Ben Dover and Phil McCavity from the ECB. Mr. Astroglide was not present.
No but Frau Astroglide was.
No one saw WWIII coming. It's going to be over the collapse of the entire banking system. People are angry but will become hungry, and hungry and angry is the recipe.
And if you doubt this, remember, no one saw WWI and WWII coming before it was too late, either.
Bullshit, they planned both WW's (the bankers and the MIC)
You really think all those bombers and fighters were built AFTER the war started?
And thery planned this collapse as well. ANd obviously you and I see it coming.
What I am saying is the world thinks we are in an economic recovery because that is what Ivy League economists are saying. Politicians are reiterating the rhetoric and the media is trumpeting it the the masses.
These people you mention want to keep the status quo at all costs.
That is until WWIII starts.
After reading the article, my butthole hurts...
So, it is now in the open, Central Banksters run governments by controlling liquidty.
Political shit.
Endless bullshits from the European sinners, lightly in debt but heavily in sin.
There will be NO GREXIT ever.
I called your bluff.