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Eurogroup Fails To Reach Deal, Gives Greece 24 Hours To Accept Draconian Terms

Tyler Durden's picture




 

When earlier today we revealed the terms of the "leaked" Eurogroup statement, which as we also reported would fail to reach a deal for a Greek Bailout #3, we said "Germany and 5 other "northern" states want Greece out, but they generously offer Greece the opportunity to push the "Grexit" button itself (especially since it is only "temporary"). Unless, of course, Greece is willing to cede all of its sovereignty to Germany in which case it can generously stay."

That's pretty much what just happened when after a day-long meeting of the Eurogroup, the European FinMins were unable to reach a conclusion on the third Greek bailout and instead once again punted the revised term sheet, this time with absolutely draconian terms, back to Tsipras, and told him he has until tomorrow to agree to the terms, and until Wednesday to pass them into law, for talks to even begin!

  • SCHELLING: GREECE MUST DECIDE BY MONDAY IF IT ACCEPTS STATEMENT
  • STUBB SAYS GREEK LAWS MUST BE PUSHED THROUGH BY JULY 15
  • STUBB SAYS GREECE MUST PASS WHOLE PACKAGE TO START AID TALKS”

More details from Bloomberg: "The decisive point is that Greece must decide as of tomorrow whether it accepts this statement,” Austrian Finance Minister Hans Joerg Schelling says. "When all these conditions are fulfilled, a further program will be negotiated. Not before."

As for Finnish Finance Minister Alexander Stubb, he said that the Greek parliament has to approve whole package before bailout talks can start. "We made a lot of progress and were able to draft I think a very ambitous proposal and report for the heads of state and government."

"It’s a document that has far-reaching conditionality on three accounts” -- laws by July 15, prior actions on labor reforms, VAT and taxes, four bullet points that are quite far reaching on privatization and other things.

 

“If there is to be an opening of ESM negotiations, all of these conditions have to be met and approved by both the Greek government and the parliament."

It is unclear just how the Greek temporary exit language, which was included in the final deal, will figure in the Greek negotiations.

As for the European summit, which is very much moot in the absense of a deal , and which is starting now, here is what will be discussed today via Maltese Prime Minister Joseph Muscat: "We were told that today’s summit was to discuss Plan B should no agreement be reached."

"This meeting, from what I can understand we are going to discuss all options"  Talks on Greek situation will "see what could be done so Greece may be kept in the euro.... "But not at any cost. What was sufficient two weeks ago is no more as things have deteriorated."

In short as we said earlier:

It is also worth reminding readers, that Greek banks, which have a few hundred million euros left, will run out of cash in the next 24-48 hours, which probably means that any deal delay at this point is simply a ploy to accelerate the involuntary Greek exit as a result of the country having to adopt its own currency, whether parallel, serial, Drachma, Renminbi, or some other kind.

 

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Sun, 07/12/2015 - 10:40 | 6302063 pot_and_kettle
pot_and_kettle's picture

constructive abandonment.

Sun, 07/12/2015 - 10:42 | 6302066 NewThor
NewThor's picture

What will the Iron Bank do next?

Is Jon Snow dead?

Bitchez.

 

Sun, 07/12/2015 - 10:45 | 6302081 Ploutos74
Ploutos74's picture

oh goody, more deadlines with known outcomes. Another chance for us banker assholez to make a quick buck on stock come Monday

Sun, 07/12/2015 - 10:47 | 6302095 BTFDemocracy
BTFDemocracy's picture

Trucks full of greek debt in physical cash:

http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

Sun, 07/12/2015 - 10:49 | 6302101 Looney
Looney's picture

... temporary Grexit

There ain’t nothing more permanent than something “temporary”. ;-)

Looney

Sun, 07/12/2015 - 10:55 | 6302126 Pinto Currency
Pinto Currency's picture

 

 

Eurogroup:

"Greece, just give us the key for everything you own.

We print money from nothing to own you.

We are the European superstate."

Sun, 07/12/2015 - 10:56 | 6302129 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

The aim of this strategy is clearly to break Syriza.

Sun, 07/12/2015 - 11:04 | 6302155 y3maxx
y3maxx's picture

...As supported by its Greek citizenry, it's time for Greece to put on its "big boy pants" and depart.

Sun, 07/12/2015 - 11:25 | 6302252 chunga
chunga's picture

Ordinary Greek's are going to have to do it. The politicians are getting squeezed hard because Uncle Scam will do just about anything to make sure NOBODY exits NATO. That happening would be a sign they're losing control of the Europeans. SInce when do central banks worry about QE'ing away something like 350B? It's all about control IMHO.

If the Greeks quit themselves they should be concerned and prepared for what happened in Ukraine.

Sun, 07/12/2015 - 11:35 | 6302262 Pinto Currency
Pinto Currency's picture

 

During the European clown show, Ufa changed everything:

"...The Silk World Order that is being shaped in Ufa will see the existing Bretton Woods financial architecture of the world unraveled and replaced by one that is no longer dominated by the trilateral grouping of the United States, Western Europe, and Japan. The monopoly of the World Bank and the International Monetary Fund, which has benefited Washington, is at its end. The US dollar as a currency in bilateral and multilateral trade is being scraped by the BRICS, SCO, and EEU— Washington’s flooding of oil markets was partially aimed at derailing this by forcing renewed dependence on the US dollar for energy trade. ..."

http://www.globalresearch.ca/the-us-dollar-and-bretton-woods-are-finished-the-bricssco-summits-in-ufa-marks-the-start-of-a-silk-world-order/5461828

-and-

"... So while the European ruling plutocracy is trying to find a new way to further dispossess the Greek people and keep southern Europe subjugated to the rule of international bankers and financiers, the participants of the double summit in Ufa are laying the basis of a new world order, but not at all the New World Order predicted by George H.W. Bush. One could say that they are building an anti New World Order.

Predictably, the western elites and their corporate media are in a “deep denial” mode. Not only do they not comment much about this truly historical event, but when they comment about it they assiduously avoid discussing the immense implications which these events will have for the entire planet. This borders on magical thinking: if I close my eyes hard enough and long enough this nightmare will eventually vanish.

It won’t. ..."

http://thesaker.is/a-tale-of-two-world-orders-unz-review-column/

Sun, 07/12/2015 - 11:40 | 6302296 chunga
chunga's picture

Tyler sums it up pretty good:

"We offer Greece the chance to push the Grexit button on its own"

Because the players know what's at stake and also know the Nudelmans aren't gonna take this lying down.

Sun, 07/12/2015 - 11:46 | 6302317 BaBaBouy
BaBaBouy's picture

EU Keynesian Fiats BANKER CABALE To Greeks: Sell Your Mother; Sell Your Brother; Sell Your Sister;
Sell Your Soul And Being;

Then We May Allow You Some More Of Our MAGIC PAPER FIATS...

Sun, 07/12/2015 - 12:24 | 6302452 remain calm
remain calm's picture

Tough Love or sodomized, depends on your perspective

Sun, 07/12/2015 - 12:47 | 6302532 assistedliving
assistedliving's picture

this will be the fourth time the Greeks pushed that button...

Sun, 07/12/2015 - 12:49 | 6302538 Tarzan
Tarzan's picture

This borders on magical thinking: if I close my eyes hard enough and long enough this nightmare will eventually vanish.

It won’t. ..."

 

Well Put and excellent description of the future we face!  It will not end well and certainly won't go away.

 

BRIC(S): Brazil, Russia, India and China (South Africa).  Countries championed as high growth 10 years ago.

PIGS (or PIIGS): Portugal, Italy (Ireland), Greece and Spain.  Weakest links in the Euro zone.

MINTs: Mexico, Indonesia, Nigeria and Turkey.  Countries championed for growth over the next 10 years.

HIDeCs: Highly Indebted Developed Countries.  The Western Powers.

HIPCs: Highly Indebted Poor Countries.  the exploited masses

 

Alliances are changing before our eyes and the alignments do not bode well for the near future of Washington and the Fed. 

 

Shortly the American People will get what they deserve and get it good and hard for allowing their Republic to be overrun by corruption and mob rule. 

 

And, more importantly, turning their backs on God!

Caitlin is A MAN!

Just sayin'


Sun, 07/12/2015 - 11:20 | 6302230 Berspankme
Berspankme's picture

I agree. EU does not want to negotiate with Syriza so they are playing hardball to get a new bankster friendly gov. That's the way I see it

Sun, 07/12/2015 - 11:23 | 6302240 847328_3527
847328_3527's picture

 

 

Deal?.........................no.

 

Mo' 7-course dinners, fine wine and hot hookers and transgenders.....................yes!

 

They goota love those EU "meetings."

Sun, 07/12/2015 - 12:12 | 6302377 Anasteus
Anasteus's picture

... to break Syriza and to pave the way for Golden Dawn.

Last chance for Alexis Tsipras and his Syriza; he can still win tomorrow, regain dignity and sympathy of Greek citizens and the rest of the civilized world and become a leader of historical change.

Or, he can fold, sell the nation to the banksters and lose everything.

Think twice, Alexis. Think twice, Syriza!

Genuine leadership is not given for granted.

Sun, 07/12/2015 - 12:28 | 6302465 TsyFox
TsyFox's picture

So what's wrong with sending a bunch of Marxists to the showers??

Sun, 07/12/2015 - 12:02 | 6302376 Augustus
Augustus's picture

Greeks:

"Other Euro countries, just keep sending our country as much cash as we request.

We are a Club Med entitlement zone where everyone is always on vacation."

Sun, 07/12/2015 - 11:19 | 6302225 KnuckleDragger-X
KnuckleDragger-X's picture

"We had to destroy the village in order to save it". They think they can control the tides, but Greece isn't Spain or Italy and at some point they'll go from kicking the can to stepping on a landmine.......

Sun, 07/12/2015 - 11:25 | 6302258 Jim in MN
Jim in MN's picture

Off with their marble heads!!!!

Oh, they are already knocked off?

Off with their marble nuts!!!

Oh, they're off too?  Hmmmm.

Off with all their marble limbs!!!

Damn, nothing much left of these Greeks. 

Sun, 07/12/2015 - 10:52 | 6302080 pot_and_kettle
pot_and_kettle's picture

< deleted >

Sun, 07/12/2015 - 11:37 | 6302275 Ward no. 6
Ward no. 6's picture

beavis : heheeh he said deleted eheehheh

Sun, 07/12/2015 - 10:51 | 6302115 WestVillageIdiot
WestVillageIdiot's picture

Right now Tsipras is watching Kramer vs. Kramer to see what his options are.  He just can't figure out if he is Meryl Streep or Dustin Hoffman.  In this version of the movie some guy named Wolfgang eats the child. 

Sun, 07/12/2015 - 11:17 | 6302217 Pool Shark
Pool Shark's picture

 

 

I think the appropriate movie metaphor is "The War of the Roses."

 

It ends with Tsipras and Merkel dying as the chandelier crashes to the ground...

 

Sun, 07/12/2015 - 11:26 | 6302261 Jim in MN
Jim in MN's picture

Strangley, that was on TV last night.  I watched Dustin Hoffman get fired over a nice dinner.  Then I turned it off.

Sun, 07/12/2015 - 11:15 | 6302173 williambanzai7
williambanzai7's picture

NOTES ON LATEST PROPOSAL

Sun, 07/12/2015 - 10:42 | 6302067 thatthingcanfly
thatthingcanfly's picture

Gold and silver: TO THE MOON!!!

 

really.

this time.

Please?

Sun, 07/12/2015 - 10:45 | 6302076 1stepcloser
1stepcloser's picture

Just be glad they are still accepting FRNs for it... Making FRNs from PMs is why you should hold it

Sun, 07/12/2015 - 10:55 | 6302128 BandGap
BandGap's picture

Shark week is over. Time to find other things to do. Pull the pin, count to three, throw the fucking grenade.

Sun, 07/12/2015 - 12:28 | 6302466 PermaBug
PermaBug's picture

Hope is not an investment strategy.

PM's will likely rise a little, but as soon as the USD gets back on it's bull trend PM's will resume their relentless decline.

But please don't let me stop you from praying for disaster to make your investments pay off.

Most likely you will give up in 2 or 3 years when silver hits $6, and you'll miss the move back to $30 or $40 when the SHTF a few years after that.

 

Sun, 07/12/2015 - 15:14 | 6303113 thatthingcanfly
thatthingcanfly's picture

I don't know where to begin.

First, it would be nonsensical to pray for disaster, as disaster is already upon us. Since the advent of the Federal Reserve, the dollar has lost 93% of its purchasing power. On top of that inflation tax, my nominal income is taxed at between 15 and 24%, and this theft is used to fund wars of aggression that circuitously degrade the dollar's soundness even more.

You can regard gold and silver as investments if you want. I look at them as insurance policies. I won't sell at $30 or $40, or at $6. I'll sell them maybe when my daughter needs college money. Maybe.

 

Sun, 07/12/2015 - 10:42 | 6302068 JustObserving
JustObserving's picture

Tispras will accept the deal

Sun, 07/12/2015 - 10:48 | 6302099 gatorengineer
gatorengineer's picture

yep and the parliment will pass it.  Once they have the money they will stop with the reforms....  If there is a dip tomorrow, buy it.

Sun, 07/12/2015 - 10:56 | 6302134 disabledvet
disabledvet's picture

Really?

GOLDEN DAWN TO
THE RESCUE!

Sun, 07/12/2015 - 11:00 | 6302142 agent default
agent default's picture

I suppose their about face skillz are superior.

Sun, 07/12/2015 - 10:48 | 6302100 101 years and c...
101 years and counting's picture

No need to. The us taxpayer is there to save the day...courtesy of the imf.

Sun, 07/12/2015 - 11:07 | 6302174 runningman18
runningman18's picture

And the Greek people will riot, and the economy will hit the fan anyway...

Sun, 07/12/2015 - 12:28 | 6302468 YHC-FTSE
YHC-FTSE's picture

Likely Tsipras will accept the deal. Eurogroup called it and now we'll see whether he has any balls.

He will have to reconcile whether the relative safety of debt slavery outweighs the short term economic destruction of his country and the message of the recent greek referendum: "Get a better deal or else". Looks like his days are numbered and probably regrets not having the blunt strength of Varoufakis by his side.

On the slight chance that Tsipras opts for Grexit, gird your loins. Things will get very interesting fast. As Chunga mentioned above, NATO/IMF will likely pull another Ukraine on Greece to prevent them leaving towards the East.

Sun, 07/12/2015 - 10:42 | 6302069 1stepcloser
1stepcloser's picture

Wait...wait... lets vote again LOLOLOL

Sun, 07/12/2015 - 11:16 | 6302213 BurningFuld
BurningFuld's picture

The last vote was just practice for the real vote. Promise.

Sun, 07/12/2015 - 10:42 | 6302071 JoeySandwiches
JoeySandwiches's picture

No, no no... Forget about all this Greek nonsense, it's just come to my attention that there is more evil WHITE bigotry going on in this country...

This SOUTHERN school has been caught on video discriminating against a trans-species student. This is about to go huge, this is gonna be a bigger story that racist Confederate flag that killed those black people.

https://www.youtube.com/watch?v=85fSBUbjE20

How fast can we get Bruce to come out for an interview defending human penguins?

Sun, 07/12/2015 - 11:17 | 6302218 Berspankme
Berspankme's picture

hey hey it's caitlyn

Sun, 07/12/2015 - 11:35 | 6302284 Ward no. 6
Ward no. 6's picture

hey this is funny

gotta give those guys credit for keeping a serious look

i couldn't help but laugh throughout the whole ordeal...

Sun, 07/12/2015 - 12:57 | 6302559 cherry picker
cherry picker's picture

He decided he was a penguin.  If he truly believes he is  a penguin, send him up North to that cold treeless island where penquins hang out.  He can jump into the water, catch and eat raw fish and copulate with female penguins, unless he is crossdressing as a female penguin to prove something to the world.

And Darwin believed in evolution.  I think his theory may have merit but in the other direction, we are devolving. :)

 

Sun, 07/12/2015 - 10:43 | 6302074 jimfcarroll
jimfcarroll's picture

I wonder how Yanis is doing in his wife's island vacation home. A man of the people he is.

Sun, 07/12/2015 - 10:47 | 6302093 pot_and_kettle
pot_and_kettle's picture

Yanis had a gun pointed at the heads of his family. He's well rid of this shit. And he'll prob be a visiting scholar somewhere in the Ivy League by January

Sun, 07/12/2015 - 11:59 | 6302362 brucekeller
brucekeller's picture

Maybe he knew the vote would be a waste of time and didn't give a shit, lol.

Sun, 07/12/2015 - 10:44 | 6302077 papaswamp
papaswamp's picture

...and in other news...Kerry apparently bent over and took it like a champ from Iran...banner day friends!

Sun, 07/12/2015 - 10:53 | 6302121 Sorry_about_Dresden
Sorry_about_Dresden's picture

https://m.youtube.com/watch?v=LLCF7vPanrY

This makes the Iran negotiations seem really trivial!

Sun, 07/12/2015 - 10:48 | 6302079 F0ster
F0ster's picture

It's simple Greece should be brave and default on all odious debt, nationalize the banks, sign trade deals with Russia, China and other countries in EU, lease thousands of tons of silver from new trade partners, issue the drachma partially backed by floating spot price of silver (a price that will soon be heavily guided by China). Open rebanks and double everyone's accounts in Drachma (if I have €10K I now have 20K in Drachma.

Painful for a while yes but infinitely better for theiGreek economy by next year. Or do a deal with the EU and die a slow death.

Sun, 07/12/2015 - 10:50 | 6302108 rsnoble
rsnoble's picture

No doubt.

Sun, 07/12/2015 - 11:00 | 6302146 disabledvet
disabledvet's picture

Neither of those is an option anymore.

THERE ARE NO OPTIONS HERE.

THE GREEK BANKS ARE ALREADY CLOSED YOU FUCKING IDIOTS.

THIS ARTICLE IS TOTAL BULLSHIT.

Sun, 07/12/2015 - 11:31 | 6302270 Jim in MN
Jim in MN's picture

The banks are only closed until the new owners stop by (Greek people's representatives).  Perhaps you never read about the U.S. in the Great Depression.  Fly in, round up all the rich families, tell them what the score is.  Happened in city after city here.

 

Sun, 07/12/2015 - 12:56 | 6302556 ThroxxOfVron
ThroxxOfVron's picture

"The banks are only closed until the new owners stop by (Greek people's representatives).  Perhaps you never read about the U.S. in the Great Depression.  Fly in, round up all the rich families, tell them what the score is.  Happened in city after city here. "

 

THAT was LAST century.   Almost no one who isn't on a ventilator or so deep in alzhiemers so as to still be living in the period remembers any of those events with any clarity.

NOW the banksers and lawyers fly in, round up all the political stooges and media whores, tell them what the score is.  Happened in city after city here.

Sun, 07/12/2015 - 12:36 | 6302489 PermaBug
PermaBug's picture

Yes because the Greeks are so fiscally responsible they will first have a commodity backed currency (I think you must not understand what that implies in terms of government spending limits) and then they will have a robust economy due to their naturally industrious nature and willingness to work hard and pay their taxes.

Sun, 07/12/2015 - 19:56 | 6304150 F0ster
F0ster's picture

They're not lazy they're unemployed. A return to a commodity backed drachma will make Greece a hot bed for tourism and investment.

Sun, 07/12/2015 - 12:50 | 6302543 assistedliving
assistedliving's picture

all good FO...only you give your silver to the Greeks first

Sun, 07/12/2015 - 19:52 | 6304138 F0ster
F0ster's picture

Sure, It's just a line in my spreadsheet. The physical stays just where it is.

Sun, 07/12/2015 - 13:09 | 6302591 piratepiet2
piratepiet2's picture

"sign trade deals with Russia, China and other countries in EU,"

It is not possible to sign trade deals with individual countries of the EU.  It is a customs union, remember ? ( and more than only a customs union )

Sun, 07/12/2015 - 19:54 | 6304144 F0ster
F0ster's picture

You're assuming all members will stay in the union if Greece defaults. Won't happen, the union will have a major first mover to observe and unravel one by one.

Sun, 07/12/2015 - 10:45 | 6302084 Iam Yue2
Iam Yue2's picture

What's the Greek for hara–kiri?

Sun, 07/12/2015 - 10:48 | 6302102 pot_and_kettle
pot_and_kettle's picture

Retsina

Sun, 07/12/2015 - 10:51 | 6302113 Jacket
Jacket's picture

"Aftoktonia" means suicide.

 

Also word on the street here in Athens, is that Tsipras has suffered 2 panic attacks this past week that resulted in him spending the night in a hospital both times, and is currently on medication. Why oh why, can't he man up and leave the EZ?

Sun, 07/12/2015 - 11:07 | 6302178 Kirk2NCC1701
Kirk2NCC1701's picture

Hara kiri.

Sun, 07/12/2015 - 10:46 | 6302086 ThisIsBob
ThisIsBob's picture

Greece,  one word: "Colorado"

Sun, 07/12/2015 - 10:47 | 6302090 Sorry_about_Dresden
Sorry_about_Dresden's picture

Time for China to give Greece a trillion rmb (yuan), reset and repudiate outstanding debt?

Greece can be absorbed in the PRC?

This would put Chinese naval bases in the Agean.

Sound like plan?

Sun, 07/12/2015 - 10:47 | 6302091 Winston Churchill
Winston Churchill's picture

I haven't heard that dreaded word 'contained' yet.

The Greeks will never accept these terms, which is the whole point.

Russian roulette with 6 rounds chambered.

Sun, 07/12/2015 - 10:50 | 6302110 viahj
viahj's picture

how does one say "we're next" in Portuguese?

Sun, 07/12/2015 - 11:14 | 6302200 indygo55
indygo55's picture

"estamos ao lado"

we're next.


Sun, 07/12/2015 - 11:15 | 6302209 Berspankme
Berspankme's picture

waiting for bernanke the lying fucking scumbag treasonous prick. Fuck You Bennie

Sun, 07/12/2015 - 10:47 | 6302094 Cat Sniper
Cat Sniper's picture

EU position >> We are can't appear to agree to pay for this, so we'll try to force the Greeks to take the blame for the costs we've dumped on our taxpayers.

 

SNAFU.

Sun, 07/12/2015 - 10:47 | 6302096 Debugas
Debugas's picture

first euro-abortion

Sun, 07/12/2015 - 10:48 | 6302098 viahj
viahj's picture

"It’s a document that has far-reaching conditionality on three accounts” -- laws by July 15, prior actions on labor reforms, VAT and taxes, four bullet points that are quite far reaching on privatization and other things."

this is global banksterism defined, especially by the IMF.  these are the tools of implementaion of the Bankster NWO.  global tyranny though theft and debt servitude. 

Sun, 07/12/2015 - 10:50 | 6302106 blown income
blown income's picture

Fucking joke....really....

 

They will kick this can as far as they can...

 

For what it's worth ...I went to file for bankruptcy last Monday , had appointment and they call me and say they are running behind , so now I have to wait until this Wednesday...

 

Tired of my life being a 3 digit number ...Fuck you FICO

 

People blowing up left an right here in Lafayette,la

 

Fuck you Obama , Bush, Paulson ,Bernake , Greenspan, Yellen and Wall Steet !!!!!!!!!!!

 

Oh and FUCK YOU Randy Mclachlan for fucking me over and Larry too you fucking pussy!!

 

http://www.pfcollision.com/test/team-view/larry-brauns/

 

 

They ever find that jet??

Sun, 07/12/2015 - 11:03 | 6302160 disabledvet
disabledvet's picture

Petrobras has already been downgraded for taking on euro denominated debt.

"Kiss of Death.

"MONEY FORBIDDEN" now.

Sun, 07/12/2015 - 11:16 | 6302215 indygo55
indygo55's picture

Blown Income

Lafayette, LA is a great town. Been there many times selling tooling for the drilling industry. Super nice down to earth people. That town was the number one town to live in the US a few years ago. I wish you well.

 

 

Sun, 07/12/2015 - 10:50 | 6302107 chunga
chunga's picture

If the Eurocrat Troika bankers kick Greece out Nudelman's wrath will be at them. If Greece kicks itself out?

http://redefininggod.com/2015/07/globalist-agenda-watch-2015-update-59-u...

>>> The Obama administration warned Europe on Wednesday that allowing a financial and economic meltdown in Greece would be a geopolitical mistake.


U.S. Treasury Secretary Jack Lew said he has been in constant contact with European officials regarding Greece’s debt crisis, which threatens to compromise Europe’s monetary union and create instability in a region critical to U.S. interests.


“There’s a lot of unknowns if this goes to a place that completely melts down in Greece,” Lew said. If that happened, he said, “it’s geopolitically a mistake.” <<<

 

Sun, 07/12/2015 - 11:13 | 6302198 Berspankme
Berspankme's picture

How can Owebama implement his OWO mandate from his zio masters if countries break away?

Sun, 07/12/2015 - 11:19 | 6302226 indygo55
indygo55's picture

Chunga, I love to hear these kind of things. I sounds like the PTB really aren't in complete control. Like they are losing it. It's not all planned. I like to hear that there is a chance of their fall.

 

 

Sun, 07/12/2015 - 11:32 | 6302273 chunga
chunga's picture

I hope the Greek people can do it, I think the rest of Europe has to get out from under the yoke of USSA and help them. The pipeline from Russia is going to be big...think about it...who in Europe wouldn't want cheaper energy? The 'Merikan neocans want to stop the pipeline because it inches towards possibilities of reduced NATO. The Nudelmans are going to dig in hard.

Sun, 07/12/2015 - 12:45 | 6302523 PermaBug
PermaBug's picture

The Greeks voted 'no' to reforming their entirely corrupt welfare state and at the same time hope that the Germans would give them more money that they could live off while sunbathing as the German taxpayers worked for them.

Are you really living in such a fantasyland that you think these same people will somehow take the hard road???!!!

The only way they take the hard road and go it alone is if the Germans/Finns etc force them off the public tit, which it looks like they are doing everything legally possible to do.

If these are the heroes you want to have, you're welcome to them.

Sun, 07/12/2015 - 11:43 | 6302302 Lumberjack
Sun, 07/12/2015 - 10:50 | 6302109 10mm
10mm's picture

The PM will fold like a stuffed Grape Leave.

Sun, 07/12/2015 - 10:50 | 6302112 pot_and_kettle
pot_and_kettle's picture

Hate to sound mystical, guys, but this was foreseen a long time ago. Watch, wait, grab your popcorn, and your balls.

Sun, 07/12/2015 - 10:51 | 6302117 Ploutos74
Ploutos74's picture

Tyler you're playing too much the 'banks are without cash' bit. Banks actually got some cash from market stores that are paid in cash and needed to make a deposit by the end of the week to secure their money. Banks can hold for that long

Sun, 07/12/2015 - 10:53 | 6302122 jmc8888
jmc8888's picture

Time to say, well hope you have enough of a ringed fence for Deutsche Bank.

Sun, 07/12/2015 - 10:53 | 6302123 fowlerja
fowlerja's picture

Well that was eloquent... Greece is standing on the platform with a noose around their neck..and they want Greece to be the executioner... let them decide when to release the floor gate...

Sun, 07/12/2015 - 10:56 | 6302135 xcehn
xcehn's picture

Only a monstrous traitor and co-conspirators would lead their nation and people into the abyss.

Sun, 07/12/2015 - 11:10 | 6302189 Kirk2NCC1701
Kirk2NCC1701's picture

Tsipras Iscariot.  30 pieces of silver. 

It's happened before. 

Sun, 07/12/2015 - 10:57 | 6302137 who cares
who cares's picture

So now Tsipras has the excuse he was looking for to get out of the euro and possibly the union alltogheter. The Greek people will have to accept it and Putin and the chinese will be glad to offer a helping hand. Both will have nice mediterranean ports, one for the military navy and the other for their shipping container fleet. The greek people will be better off in this way than be the subnation in which the rest of Europe have relegated them. 

Sun, 07/12/2015 - 11:02 | 6302152 Free_Spirit
Free_Spirit's picture

I don't think he does want exit,  thats why Yanis walked away. 

Sun, 07/12/2015 - 11:04 | 6302162 Equinox
Equinox's picture

Nope, he didn't walk away.

Watch for it.

 

Sun, 07/12/2015 - 11:07 | 6302172 disabledvet
disabledvet's picture

Then Greece will need a new Prime Minister.

Sun, 07/12/2015 - 11:01 | 6302144 Hubbs
Hubbs's picture

Tsiapris , you have until Wednesday to agree to our terms, otherwise we will be forced to extend the deadline.

Sun, 07/12/2015 - 10:59 | 6302145 Commodore64
Commodore64's picture

looks like table tennis without a ball

Sun, 07/12/2015 - 11:00 | 6302147 newworldorder
newworldorder's picture

Has anyone considered NATO in all this. Here they are talking about money pledges within the EU. NATO envolves the sons and daughters of these countries. 

If they will not pledge money, how will they pledge the lives of their citizens to a common cause?

 

Sun, 07/12/2015 - 11:09 | 6302183 disabledvet
disabledvet's picture

"Outright Servitude it is...

Sun, 07/12/2015 - 11:00 | 6302150 Villageidiot777
Villageidiot777's picture

Greece should just pay their debts.

Sun, 07/12/2015 - 11:10 | 6302177 Hubbs
Hubbs's picture

No behavior will reccur unless it is reinforced.

Greeks will learn that they eventually have to live within their means..

Banks will learn that it does pay to fradulently loan and lure people into financial slavery. Well, actually, banks have already learned that.

Sun, 07/12/2015 - 11:10 | 6302187 Berspankme
Berspankme's picture

America should pay it's debts not print more

Sun, 07/12/2015 - 11:12 | 6302194 Villageidiot777
Villageidiot777's picture

Well America is producing something. It may just be MIC stuff, but at least it is something.

Sun, 07/12/2015 - 11:23 | 6302242 BurningFuld
BurningFuld's picture

With a monthly trade deficit of ~$40 Billion they are clearly not producing enough and also slowly bankrupting themselves courtesy of printed fiat. And hoping nobody notices.

Sun, 07/12/2015 - 12:40 | 6302504 RaceToTheBottom
RaceToTheBottom's picture

Printing is our industry.

Dollars are our exports....

Sun, 07/12/2015 - 11:02 | 6302153 coast
coast's picture

In a couple weeks, I predict the headlines will be,  Eurogroup gives Greece 24 hours to accept "edited deal" laid out from two weeks ago.  lol....

Sun, 07/12/2015 - 11:03 | 6302158 Good bi bull
Good bi bull's picture

Tsipras don't do man! Don't give into these parasites.

Sun, 07/12/2015 - 11:04 | 6302165 Salzburg1756
Salzburg1756's picture

What if Greece had nukes?

Sun, 07/12/2015 - 11:10 | 6302190 Villageidiot777
Villageidiot777's picture

Would not change anything. Servicing requires work, launching would require work. No work, no nukes.

Sun, 07/12/2015 - 13:17 | 6302613 piratepiet2
piratepiet2's picture

lol

Sun, 07/12/2015 - 11:22 | 6302239 o01tac
o01tac's picture

Who knows they might one of these days 

Sun, 07/12/2015 - 11:41 | 6302169 falak pema
falak pema's picture

For the FinMins Grexit is not a nightmare; thats 'cos they don't make the final call.

The FinMins are the INQUISITION and the heretic is now ordered to recant or die on the pyre.

Is Tsipras like Joan of Arc?  I think not!

But is Mutti, Duke of Bedford??? 

She could lose it all ! 

Right now the 19 heads of EZ are in a meeting at Brussels. So the FinMIn is now followed by France's Hollande vs Germany's Mutti face to face, and France has just said : Grexit even temporary is not ACCEPTABLE. So Tsipras now has to decide.

Mutti's decision will be after that of Tsipras.

What will Tsipras say, now knowing France has vetoed "Temp. Grexit" ?

PLease note that the EU heads of state meeting was called off. But the EZ heads of state meeting replaced it since 16 h Europe time. Its happening right now.

Sun, 07/12/2015 - 13:19 | 6302618 piratepiet2
piratepiet2's picture

Falak, what is your personal opinion about what should be done here ? 

Sun, 07/12/2015 - 11:07 | 6302171 Ted Baker
Ted Baker's picture

Widely predicted few months back, AT will have to step down and this deadline till 15 prepares him to make his mind up...and this is now without any strech of the doubt what Merkel and her team want irretrospectively .

Sun, 07/12/2015 - 11:07 | 6302175 Rikky
Rikky's picture

I heard a story yesterday from a guy I know in town who's in private equity as we were talking about how much debt this country is in. He said back in 2008 his company was offered the opportunity to buy a company that was purchased for $270 million in in 2007 for $5 million. There were others also going for pennies on the dollar. The catch (that they didn't find out until after the fact) was the company was only worth maybe $80 million but if they sold it for bargain basement prices they'd qualify to get 80% of the original purchase price back from TARP. This equity company sold dozens of companies this way and turned a loser investment bet into a winner.

This is just one example on how TPTB and those well connected to them ripped off the American people.

Sun, 07/12/2015 - 11:14 | 6302205 disabledvet
disabledvet's picture

I say again....as per Bloomberg News...

"ECONOMISTS IN THE EUROZONE HAVE BEEN PERPLEXED FOR YEARS NOW AS TO THE HOWS AND WHYS OF DEALING WITH THE FACT THAT GREEK DENOMINATED DEBT IS THE HIGHEST RATED IN ALL OF EUROPE."

Perplexing indeed....

Sun, 07/12/2015 - 11:07 | 6302176 Lostinfortwalton
Lostinfortwalton's picture

Cue several hundred very large Russian transport planes loaded with food in 3..2..1

Sun, 07/12/2015 - 11:08 | 6302180 divedivedive
divedivedive's picture

Perhaps Greece needs to hook up with Iran and let them handle negotiations for them.

If I were the Eurogroup I would have also laid out strick compliance verification as well - like every month - with no more handouts until milestones are reached.

Sun, 07/12/2015 - 12:10 | 6302405 J Jason Djfmam
J Jason Djfmam's picture

Some kind of elderly starvation death quota perhaps.

To keep up with the milestones.

Sun, 07/12/2015 - 11:12 | 6302193 XRAYD
XRAYD's picture

So wonderful and generous the Euros are ... who have made a decision simply looking at ledgers, and offered Greece an ultimatum to pass their demands through parliament by July 15 ... and then, and only then, will the Eurocrats AGREE to START NEGOTIATIONS! Even as they all agree that it is NO LONGER POSSIBLE for Greece to pay its debt in a hundred years with the deal on the table.

This is the Acme Anvil company and the Road Runner!

On the other hand, THIS is the "LEADERSHIP" of the world. All these clowns, collectively and globally, have lit the fuse to destroying the world as we know it.  There was simply too much prosperity over the last 30 years - and they could not stand it.

Of course, "the prosperity" was merely an illusion.  The world knows now: It was debt and money printing.  The fuse will be lit in Greece on Monday. And maybe they will give us Democracy II after two millenia.  Will they choose FREEDOM or resign their soverignty to foreign powers and unlected bureacrats.

Sun, 07/12/2015 - 11:14 | 6302199 Dark Daze
Dark Daze's picture

And so the Nazi tradition continues, or, as Churchill once correctly noted: The Hun is either at your feet, or at your throat.

Sun, 07/12/2015 - 11:17 | 6302219 lakecity55
lakecity55's picture

"Ho ho, let's get all the Euro countries to join a 1-government system. It will be Perfect, everyone will be peaceful and prosperous!"

Mr Globalist.

Sun, 07/12/2015 - 11:51 | 6302337 Really20
Really20's picture

I personally hope for democratic world federalism at some point in the future, but the EU is not democratic in any way at all. It's run by "Eurogroups" and "troikas" which have nothing to do with democracy, rather than its Parliament which is nearly powerless in day-to-day matters. The EU needs a real presidency and Senate with a more powerful, democratic mandate. It needs to implement a sovereign euro system free from the control of bankers.

Sun, 07/12/2015 - 12:19 | 6302430 Stormtrooper
Stormtrooper's picture

Right!  Let's get together some day and I will tell you all about how that grandiose idea worked in the USS of A.

Sun, 07/12/2015 - 11:18 | 6302223 Lostinfortwalton
Lostinfortwalton's picture

Churchill was a war criminal for the Dresden bombing. The Allies, for no good reason, bombed a beautiful old city cramed with refugees fleeing from eastern Europe. Many of the allied pilots participating expressed disgust and shame afterward.

Sun, 07/12/2015 - 11:14 | 6302201 Tarzan
Tarzan's picture

Finally a real deadline ;)

beyond which is a dark hole, where the Greeks are kicked out of the warm arms of the EU to the warm arms of the BRICS, their new slave masters, otherwise known as their new creditor......

It's no wonder God tore down the tower of babel and divided the people, lest the kings and queens of the world turn the whole damn world into a planet of servants to the elite. 

A feat they've nearly accomplished, but will spiral out of control as they rush to silence the decent and murder their opposition.

The BRICS and the Western powers are on a collision course, both having world domination in their sights, only to find God standing in their way, yet again!

This will not end well, and the end is upon us.  Prepare yourselves for the collapse of civility.  the true nature of the Elite is soon to be revealed and they do not play nice when cornered, and cornered they are.......

Sun, 07/12/2015 - 11:14 | 6302206 lakecity55
lakecity55's picture

"Sign ze paper, Tsipras, or the Whermacht rolls in 24 hours."

Sun, 07/12/2015 - 11:16 | 6302211 roadhazard
roadhazard's picture

Damn, if the EU had come up with that proposal three years ago I would not have had to check in on the BS constantly. Good for clicks bad for my mind.

Sun, 07/12/2015 - 11:17 | 6302214 Wahooo
Wahooo's picture

Why can't Greece mint a trillion euro coin and deposit in the ECB?

Sun, 07/12/2015 - 11:34 | 6302278 krage_man
krage_man's picture

because ?n eurozone, you dont have this authority

Sun, 07/12/2015 - 12:10 | 6302404 usednabused
usednabused's picture

But see here, somebody does. Thats the whole fucking point. Why should that somebody be more equal than the rest?

Or in plain fucking english, why should money be for free for the zionist bankers, while the rest of the world gets debt and misery? Thats what it all boils out to here.

Sun, 07/12/2015 - 12:16 | 6302416 J Jason Djfmam
J Jason Djfmam's picture

+ O><O <=attempt at infinity symbol.;)

     

Sun, 07/12/2015 - 20:56 | 6304337 mkkby
mkkby's picture

But nobody is forced into this debt and misery, as you call it.  It is easily avoided by pay as you go.  However, your point is well taken.  Gov is bribed to over spend, take the debt and let their country be looted.

Sun, 07/12/2015 - 11:38 | 6302290 robertocarlos
robertocarlos's picture

They'd have to reprogram all the vending machines.

Sun, 07/12/2015 - 11:58 | 6302360 Really20
Really20's picture

The ECB sets strict quotas in order to ensure banker control over the creation of the currency control inflation caused by national governments. Also, coins aren't made in the same way as in the US; they aren't debt-free money.

Sun, 07/12/2015 - 13:16 | 6302611 headhunt
headhunt's picture

The same reason you can't.

Sun, 07/12/2015 - 11:17 | 6302216 vyeung
vyeung's picture

Like all good bureaucrats, don't let me get sacked from a decision.

Pussies. Greece is a failed state and a beacon of how Troika is successful in asset stripping a nation!

Sun, 07/12/2015 - 11:18 | 6302222 Dapper Dan
Dapper Dan's picture

"STUBB SAYS GREEK LAWS MUST BE PUSHED THROUGH BY JULY 15"

 

We in the lone star state have some trepidation on the July 15 date.

Sun, 07/12/2015 - 11:20 | 6302233 Villageidiot777
Villageidiot777's picture

Why Greece does not have tax avoiding laws? Could it be that Greeks just do not care about laws.

Sun, 07/12/2015 - 12:18 | 6302424 J Jason Djfmam
J Jason Djfmam's picture

Apparantly the worldwide reset won't work if Greece's status is in limbo. Huh!

Sun, 07/12/2015 - 11:19 | 6302228 Omega_Man
Omega_Man's picture

Fuck the EU

Sun, 07/12/2015 - 11:20 | 6302231 who cares
who cares's picture

When Greece will be finally thrown ou of EU, it will be clear that the big looser will be the USA policy against Russia. The russian pipeline project will go ahead, NATO will be in disarray and the chinese will expand their influence in the region. Why Germany is doing it, in spite of USA pressure to find a compromise? Because Germany too wants the NATO system to fall apart and build stronger ties with Russia and the East. NATO is an expensive and oppressive system for Germany that wants to be independent of any influence and be treated as equal to any other nation, but to do that NATO as to be dismantled.

Sun, 07/12/2015 - 11:20 | 6302232 howling_mad
howling_mad's picture

Where is that guy that always says:

"Throw those pathetic greeks out already"

This post would be right up his alley

Sun, 07/12/2015 - 11:21 | 6302235 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Slightly related: Happy Twelfth of July.

Raise a glass to the Ulstermen who made great nations of Britain and America both. 

Sun, 07/12/2015 - 11:36 | 6302282 robertocarlos
robertocarlos's picture

Four bullets in the chamber. Put the gun to your head and pull the trigger Greece.

Sun, 07/12/2015 - 11:57 | 6302352 headhunt
headhunt's picture

Not only did Greece borrow the gun and bullets but they loaded it and are holding it to their head.

Reminds me of the scene in 'Blazing Saddles' when the sheriff holds his own gun to his head and threatens to shoot himself.

Sun, 07/12/2015 - 12:21 | 6302438 J Jason Djfmam
J Jason Djfmam's picture

"Don't move or the n\@@er gets it"!

Do NOT follow this link or you will be banned from the site!