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The Greek "Choice": Hand Over Sovereignty Or Take Five Year Euro "Time Out"
For those who missed today's festivities in Brussels, here is the 30,000 foot summary: Europe has given Greece a "choice": hand over sovereignty to Germany Europe or undergo a 5 year Grexit "time out", which is a polite euphemism for get the hell out.
As noted earlier, here are the 12 conditions laid out as a result of the latest Eurogroup meeting, which are far more draconian than anything presented to Greece yet and which effectively require that Greece cede sovereignty to Europe, this time even without the implementation of a technocratic government.
- Streamlining VAT
- Broadening the tax base
- Sustainability of pension system
- Adopt a code of civil procedure
- Safeguarding of legal independence for Greece ELSTAT - the statistics office
- Full implementation of autmatic spending cuts
- Meet bank recovery and resolution directive
- Privatize electricity transmission grid
- Take decisive action on non-performing loans
- Ensure independence of privatization body TAIPED
- De-Politicize the Greek administration
- Return of the Troika to Athens (the paper calls them the institutions... for now)
One alternative, generously presented to Greece, is for the country to put some €50 billion of assets - the best ones - in escrow to creditors. A more polite was of putting would be a Greek secured loan. This is how the Luxembourg FinMin Pierre Gramegna laid it out:
"A few new ideas were added to the table, especially one which is very important for some member states, which is that Greece would put a portion of its assets into a company that would be more independent from Greece."
"More independent" from Greece and "more dependent" to Berlin.
Greece would place about €50 billion of state assets into an independent company. Those assets could serve as collateral against aid loans, Gramegna says. "It would act as a kind of guarantee. There is great hesitation from the Greek side and now the heads of state and government have to choose."
"It would be a company structure based in Luxembourg, which would be managed from Greece with supervision by the European Commission and by the European Investment Bank. It would remain in Greek hands but it would create more assurances if it was known that a lot of assets were in this company."
"If one knows that the third bailout package would cost more than EU80B, one understands that countries are urging for some guarantees from Greece."
In other words, Greece is told to set aside a quarter of its GDP for Europe to do as it sees fit, and which can be "seized" if Greece is seen as veering away from its third bailout promises again.
And since Greece has no option but to promise everything and the moon, it will surely comply hoping that it is once again allowed to promptly forget all the promises as soon as it pockets some of that €86 billion in new bailout funds just to unlock the €120 billion in deposits held hostage in Greek banks by the ECB, even if the resulting debt will push Greek debt/GDP well above 200%.
Why?
Because the alternative is, and we quote...
"In case no agreement could be reached, Greece should be offered swift negotiations on a time-out from the euro area, with possibly debt restructuring."
... from the Eurogroup document:
No wonder Tsipras looks like this at the moment:
Somehow we think that if the only "alternative" is ceding sovereignty to Merkel and the rest of the northern European state, the vast majority of the population - which now clearly understands there is little further upside from remaining in Europe - may just opt for the aptly named "time out" from the most destructive experiment in Greek history. And even beg to make it permanent.
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"Spread your cheeks so I can get this strap on into your asshole. Sorry I have no lube."
"OK, Angela."
Leave out the 'sorry' bit!
how they pay for 5 years if they are timeout of euro for 5 years, what money they use...?
Any that they want to
What happened to Europe?
Can’t it produce a dozen, a handful, or at least ONE PERSON who can be called “The Great”?
Tsippie-boy, Schauble, Merkel, Hollande, Dijsselbloem, Draghi, etc. – what a disgrace!
If the old bitch (Europe that is) is to give birth to at least one more Puppy the Great, it should get… ummm… fucked? ;-)
Looney
Dear EU, ECB, IMF,
The sovereign nation of Greece defaults immediately. Thanks for all your consideration.
Hope you survive all the collateral damage from your derivative exposure, not. And go fuck yourself
Love ya,
Tsipiras
Exactly, and make sure there is no wiggle room on language. Specifically state on national TV that you are NOT paying the debt and that you are defaulting. Let Douche a bank try to convince everyone that this isn't a default.
And what about:
"Privatize electricity transmission grid"
Someone is looking to milk the ordinary greeks, thats for sure. Not like you have much of a fucking choice if you want heat for food/water etc.
The right of self determination among a culturally autonomous people to determine their own destiny within the international community must be inalienable.
My friends in Greece, George Orwell said, "If you want a vision of the future, imagine a boot stomping on a human face...forever". That boot is the Troika. If you don't shed the shackles of debt slavery now, the opportunity may never arise again.
No one knows what the future may hold, but be assured, history will remember when Greece stood up to its oppressors and rekindled the fire of democracy once more.
European Union Morphs Into The ‘3rd Reich’ Using Germany As The Enforcer
Greese would be better treated if they belonged to the Mafia. At least there, they put you out of your misery when they would be done with you.
Eurocrats better be careful, Dump a little debt, import some cheap Russian gas, and Greece might. go all Iceland on their asses... Now what kind of example would that be for the rest of the Euro debt slaves??
Greece should just declare on the state legislature that the Greek government no longer recognises any debt obligations to non Greek entities that were entered into prior to 1st July 2015.
Then Greece should declare war on pacifist demilitarised Germany and just bomb Dusseldorf back to the stone age.
How do you like them apples?
Snap elections in Greece according to RanSquawk reports?
Anyways, Greece is setting up like the European Union equivalent of the Lehman failure circa-2009, especially if reports in financial press as of an hour ago are true (there's no way Greece will be able to stay in EU no matter what it agrees to at this late juncture, and Portugal is on deck, as northern EU block has done the math and decided neither can pay even 30% of existing debt back, let all e new credit extended, under any scenario - watch for Spain to be interrogated next).
But that's not the biggest global worry from a macroeconomic viewpoint - China's meltdown (which the Chinese Central Planners can't arrest, even halting 50% of stock market liquidity) is, coupled with sickness in Italy, Spain, France, and the Asian "Tigers" plus Brazil and India.
All accumulated debts of past 6 years in sovereigns plus record debt on books of publicly traded corporations (issued to buy back stock and fuel acquisitions), plus record private/household debt is now rearing its ugly, monstrous debt at the most inopportune time.
well when a child steals money from adults, they often have to other get beaten or have a timeout by sticking their nose in a corner....
true to life, i suppose
3x world gdp is a threshold of swantyme or swansong, the fat lady sings, ha...
It's not just a Greek thing...handing over sovereignty to the elitist, sociopaths of the NWO scum is their demand against the entire world.
Fight back. And don't ever forget it.
That first paragraph seems really risky.
I read recently, with some trepedition, how Germany/Berlin were once again becoming a center of power.
The game is quite clear.
The US gets crushed, CaAmexico is one giant war material producer (material and living), EU will take on Russ-Asia, Israel will attempt to wolf down arab territory while the ME burns, Pacific and South China area keep bubbling with NOK/Tiwan/Senkaku/Reef island shit....
Iran is the pivot...
The 4th Reich is on, but it looks nothing like what one expected..
this is a golden opportunity for O to ride in on his great black stallion and save the day
It's going to be a nauseating next few years seeing the words "democracy", "freedom", "human rights", etc. bandied around as the drivers of the upcoming sovereign nation M&A as people are further impoverished and enslaved. Secession is a neat concept, but the motherfuckers would sooner genocide everyone than let a group of people live free from centralized opression on this rock.
Yep....
Very Dune-ish scenarios playing out is how I see it at some point (perhaps getting "seriously weird" in 2019ish), once India and China have had their ridiculous booms to be followed by general, all around busting.
Only increasingly tangential solutions can untangle this mess...
At some point, people have to say fuck you to odious debt. What are they gonna do, send in the guns, and turn the people into prisoners?
There is no way to stop this clusterfuck of exponentiation and growing indedebtedness of the people through the government to private banks owned by private individuals. If enough people band togther and say fuck you to the banks and banking altogether, we might make some progress.
For fuck's sake, there is absolutely no reason why a man should go hungry on this planet. So much food is simply thrown away, it's disgusting. Changes start from the heart, on how you treat people. There were indeed societies (India had some) in which basic necessities like foods were made free for everyone as a basic principle of living and working together. We can do it again, but it requires disconnecting from the rat race. Regardless, the one thing that binds all transactions is money, and that is the $IMFS (Dollar-based International Monetary-Financial System) as FOFOA calls it. Barter of physical goods, or exchange of labor is the only other option, because as you know, making your own money is "UHH-LLEEE-GULL."
A planet full of programmed to be "me-me-me" apes indebted to a bunch of dark lord motherfuckers via the channels known as "bank" and "government". God, what have we gotten ourselves into?
I think I need a beer.
Whatever you have gotten yourself into you can get yourself out of.
That is why I invented guns, rope, and tree limbs.
Skateboarder, make that two beers - I'm buying. You are so right on...
They do belong to the Mafia". Word out of Brussels is that Tsipras has pledged $50B of sovereign assets to creditor in exchange for his job.
the elites are buying up greece then italy and spain on the cheap. evict the rabble.
They just bought Greece. Rise up or eat shit. Oust these carpet baggers. They are destroying our countries.
The 4th Reich rising to rule for a million years since that's exactly where it's heading with no one is backing up from their worthless and counter productive fiat regime. I'm bullish on cheap soap and lampshades myself right now in the current paradigm evolving.
1. Go to Iceland and get their play book.
2. Arrest and prosecute your bankers and obvious government criminals
3. Sue GS for the entire debt
4. Confiscate all German/Dutch/Belgium assets.
5. Set an example for the rest of the periphery
6. Have a nice primal scream
https://www.youtube.com/watch?v=eZeYVIWz99I
Greeks should do this. Greeks should do that.
Who?? how?? exactly?
The preatorian class is a layer of the matrix that is often overlooked. Who controls the Greek police and military forces?
Yes, it is more than the Greeks Should Do This and That, now. Particularly now that the cat is out of the bag with Tsipras selling the people out in exchange for his job. Your point is well taken, we all have to rise up before we're all doomed to the same fate. Perhaps it is too late to consider any other way.
All debts can be paid as long as the new credit is larger than the current debt…..
Wait a minute, unless you find a Ghawar oil field under your back yard.
Sorry, I have forgotten the second option.
Persian: “This is Blasphemy!”.
Schauble: “This is Blasphemy!”.
It works.
That was called electric deregulation here. Now with all the global warming bullshit and crony stimulus waste, watch what happens. Europe is seeing the result and we are to a small point seeing it here. Stay tuned.
"Privatize electricity transmission grid"
that's what it's all about. blatant asset stripping. at least from the financial point of view.
the best thing about the state companies is that they are monopolies. with that move they are buying an entire industry (or market).
Just imagine being Greek and getting your electicty bill from Blackstone in a couple years.
I wonder who will get Greece’s merchant fleet...
Greek Merchant Fleet Tops World Tonnage Ranking
http://greece.greekreporter.com/2014/05/06/greek-merchant-fleet-tops-world-tonnage-ranking/
Solar would mitigate that.
Simple, the EU Investment bank will tax sunshine, just like the attempt to outlaw the collection of "private" water that fell from the sky in Boliviar
(2000 Cochabamba protests https://en.wikipedia.org/wiki/2000_Cochabamba_protests)Of course, that comes in the next phase when when once again, *ANOTHER* loan is required. The best part is they will wait until the Greeks have installed the panels - the EU bankers don't even have the CAPEX, cash from the sun! Imagine the ROI.
Premier of Ontario Naughty Naughty Lesbian Carpetmuncher Kathleen Wynne is privatizing the Ontario CANADA electricity grid too, Z/H. Ottawa Ontario CANADA is the coldest capital city in the effing World, and we are presently paying about $1.15 per litre of regular gas when oil is $56 per barrel. If anyone in the Western World is getting milked it is Ontario residents above and beyond what Greeks are getting. Greeks may be taking it up the wazzooo from Merkel, but Wynne is jacking us all off at once with her super-Lesbian carpetmuncher strength in her Linguistically forked tongue that spews lies, God damned lies, and statistics that only a neoliberal can love.
Look who's already biggest private shareholder of Greece telecom and electricity......
Some of dem ole folks can't even afford food. If it weren't for the soup kitchens, they would have been long gone. At the end of the day, Greece has got to tell the EU to fuck off. What is the point of being part of some entity that treats you so appalingly.
Can't they have a referendum or something? I thought this was a dummocracy?
A 5 year internal suspension will let them off the hook, the ptb able to then claim that a default hasn't occured, ergo, no derivitave trigger. Another 5 years of this? Dang!
"Can’t it produce a dozen, a handful, or at least ONE PERSON who can be called “The Great”?"
I'm European. We have plenty of great guys, great thinkers, experts of all kinds and good, sensible, smart blokes galore.
They are not in power anymore than they are in the USA, where you also have your good guys. Who are NOT in power because they are not corruptible.
Trouble with the good people being you can't buy them.
Thank You! On behalf of many who devote their time and effort (and what little they have), to do the right thing.
"We are richer than Jamie Dimon".
LJ 2015
Bravo.
A new system must be created by people outside of the current. Scum, zio's, cabal elite vile vermon and Reggie Love penis lovers will never, can never offer true hope and a honest way forward. The old system must be 100% crushed and eradicated.
That's all I've got to say.
"What happened to Europe? Can’t it produce a dozen, a handful, or at least ONE PERSON who can be called “The Great”?"
Be very careful about what you wish for.
"Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men." - Lord Acton
What happened to Europe?
Can’t it produce a dozen, a handful, or at least ONE PERSON who can be called “The Great”?
Perhaps Europe can again produce a great leader.
But it sure won't be Tzipass.
He appears to have that look of a child who just found out that there is not really a Santa Claus. He sure seems quite old to have just found that out.
Zimbabwe Dollars...
So how are they suddenly going to kick out Greece? I thought there was no provision made for that in all those EU/Euro treaties?
It's simple 101 psychology that nations, just like humans, want to be part of a success story, and the risk and fear of exclusion or expulsion should have been a strong motivator for countries like Greece to get their financial house in order. The fact that no provisions were made for an expulsion of Euro member states already proves that many years ago the politicians were clearly NOT convinced of the €uro's future success, and that is was mainly a leftist socialist plan to transfer wealth from the North to the South.
Europe is setting itself up to be the suckers anyway. You cannot 'seize' the Parthenon without an army.
They should just print there own Bitcoin. Simples
Better in this case to stay in the Euro I think. If they print their own currency to pay foreign debt the only place that currency will spend is in Greece. The currency will fall, short sellers will hammer it, and foreigners will come to Greece and buy all kinds of property and goods because the currency can't spend anywhere else. If they take Euros under any renegotiated terms, they can always default later. As long as another option is available they should probably take it.
Re invisible touch: "how they pay for 5 years"
Through new loans with Greece itself as collateral.
The purpose of a 5 yr "Time Out" (with reentry written into an enforcable agreement) is to cause Greece to implode while containing the impact to Greece only. This deal will not allow Greece to vote in new laws that violate the EU's dominance over Greece or that allow Greece to leave the EU. Then in 5 yrs when every single pool of money is gone (the pension money was already mostly given to the bankers by Varoufakis) and the people starved the EU can enforce the agreement and bring Greece back in. Why? Because by then all that is Greece will have been placed into collateral for the loans. And at that point the people behind the curtain will take control of the infrastructure, natural resources and property of Greece through "legal" means. When some Greeks resist they will be demonized as nazis (Golden Dawn) and EU forces will come in with violence if needed. Then Greece is a name only, it will not just be occupied but will be owned. The Greeks will be renters to their masters and will never be allowed to climb out of that hole.
Tsipras and Yanis have been working for the bankers/EU all along. Game theory with the suckers the Greek people. So now they have Greece where they want them. Pledge all of Greece as collateral. The new loans, as the old loans did, mostly just go to pay the bankers/EU. But the collateral is what they really want. For a little money now Greece wil be theirs forever. Tsipras ignores the Greek voters openly. They are so close that they are prepared to mobilize and use violence to control the population, if not immediately the soon if needed.
Stumpy.
Dude wake-up. They are turning off the liquidity and showing Grease the stick. At this point, any "payment," asset collateral or sale, etc., is throwing good money after bad euros. Greece cannot pay the loans back - depending on the covenants, Grease has no choice than to default in whatever garbled name it is called...
I suppose EU can stop accepting Euros printed in Grease to blow them up, but EU banks likely hold hem. This is "Sky Fall" w/o the James Bond saviour. Instead of a criminal syndicate, it is a corptocractic-facist financial coup.
The only solution for Greece is to default and exit the EU. But those working the situation do not want to allow that. They intend to keep Greece in the EU and collect take ownership of Greece through the collateral. They get their men in Greek's govt to pledge the best of Greece, then Greece cannot pay the loan and then the jmafia gets Greece. Result is that the jmafia owns the infrastructure for a fraction of the value and can now charge the Greek citizens to use it. Forever. Then of course you have all the natural resources to take for a fraction of the cost, and the islands etc.
how they pay for 5 years if they are timeout of euro for 5 years, what money they use...?
That's a good question for Alexis. I guess that the market will anonymously implement for them all reforms they do not want to put their signature on.
Euro Drachma. One euro drachma equals 3 euro.
Dozens of Leapord 2's in Stinkmattah Square, idling, waiting, waiting ...
5 years is all? Hell, that goes by in the wink of an eye. Tell Angela to go fuck herself.
Just rememer:
Angela and her bankster buddies have all the Stukas and the can still invade again. Nothing worse than the 1st SS Banksterparatroppen Brigade.
Exactly. The new German Blitzkreig is Banks not Tanks.
It is a Coup, no matter what anyone calls it, this is an attempt to usurp and overthrow a democratically elected government.
Do you have a faint clue of what happens when a US State does not pay back its debts to the Federal Government? If you do, would you say that the Amrican Cosntitution provide for coups and overthrowing of democratically elected governments?
You're a moron. A US state can not go bankrupt. Greece can as it is an indpendent nation. Don't you have some Frog or Ukie Nazi to go blow in a back alley or something?
While no state of the Union has filed for Bankruptcy protection, to my knowledge, they can file under Chapter 9...just as many municipalities here in the United States have already done.
It is not only LEGAL but it is allowable. (It is also Political Suicide, but, so is not being able to pay what is due on the State Issued Bonds a Financial Suicide. So if the choice is suicide by hanging or suicide by electrocution the end result is always the same...Death.)
Just because it has not happened yet does not mean that it will never happen.
And as for your disgust expressed...it does not change the facts.
You are just exposing your love and zeal for your Government, something which the fictional John Galt would find absolutely revolting, STATE-ist
You had best WAKE UP and STOP PLACING YOUR FAITH, TRUST, and CONFIDENCE in the United States and especially the corrupted state of Florida.
You are setting yourself up for some major disappointment, a disillusionment, and will end up realizing the MOST RUDE OF AWAKENINGS of all, if you choose not to WAKE UP NOW!!!
No a US State can NOT file for bankruptcy.
Try reading this novel document called the "US Constitution."
But don't take my word for it, read Judge Napolitano's writings on this subject.
There is no legal provision for a state, only cities, counties, or municipalities to file Chapter 9.
You might try actually READING the US Bankruptcy Code someday.
And you're a dumbfuck.
If you have read any of my postings here over the years or on my blog, you'd know I don't have any love for damned near any government. Go blow a Ukienazi.
Who follows the US Constitution?
What court recognizes the US Constitution?
Certainly not the Supreme Court of the United States.
Certainly not the Ninth District Court.
You confuse what "should be" rather than acknowledge that which is.
Have Municipalities in the past filed for Bankruptcy protection?
You are living in a Fantasyland if you believe that it cannot be done.
What about Orange County, California?
What about Detroit?
What about New York City back in the 1970s?
I can list many.
And since you have homoerotic fantasies, of other men smoking other men's penises, then I suggest that you had best get some help.
Why don't you WAKE UP and come to the realization that this is not the Nation which the writers of the US Constitution had envisoned?
Maybe at that point you might actually do something about it. And that frightens you, doesn't it?
So sorry to disillusion your STATE-ist dream.
But the United States FAILED long ago. And it is rather contradictory claiming not to be a STATE-ist by desiring an enforcable document of a Nation State.
Stupid. The Germans are the last who will not pay. We've proofed over and over again we do believe in government. If that means getting killed for it. the Germans are not the last to shout here. But the US is not a penny more worth in that. What did you do? Oh your presidents all are liars, so no difference to Germany. You've entered the first and second world work. For what? To get you soldiers killed whereever. You are as stupid as any Germans are and this stupidity will not just cost the Germany dearly. Just wait till you all are declared terrorists. Won't takt to long to happen.
And It's your banks which have helped Greece to get into the EU. But hey, why should you bother, As written we share the same stupidity. But many of you have not seen it yet.
Tell Angela to go fuck herself.
Don't worry about Angela and the Greeks. Uncle Sam will intervene to save their NATO bases in the Mediterranean by bailing out the Greek debt. What? Are you a US-taxpayer? Well, that's the cost of ruling the world...
Why do I think that Biden is on the phone right now with Brussels
saying Whiskey Tango Foxtrot???
€50 billion of assets in a lockbox.. Why not say gold and be honest politicians... Never mind..
honest and politician are not congruent.
They only have €4 billion in gold.
Put it all on red, several times?
"They only have €4 billion in gold. "
They still have wimmen for the Athens Slave market.
You know, folks, I was cleaning the garage and it sort of came to me....the real answer here.
What did Germany get in exchange for their investments in Greece and the South of Europe? Cash? Yes, quite a bit of that. But they also got something far more important, something that if they were not SOCIOPATHS they would realize is worth far more than gold.
Germany is not innocent of the global elite festival of corruption and power-mongering. Far from it. They have participated actively, nay feverishly, in the brutality, bribes, lying, and general orgy of lawlessness we've been chronicling here at ZH all these years (said the grizzled ZH vet). Siemens, DB, all of em tainted right up their arses. Germany doesn't have a super-major oil or even weapons company but from pharma to banking to whatever, they've been avid global financial rapists.
What is the main point of ZH>>>OK don't answer that. One of the main points is, corruption and sociopathic leadership results in sub-optimal investments, zero real returns and piss-poor economic growth. Corruption = malinvestment is the essence, that and the fatal inability to handle tail risk, truth, or just about anything else that might unravel the stinking pit of crime that is the global elite system.
So, what then did Germany get for their investment? Even if all the Greek debt is written off this instant?
Easy.
German elites got DECADES of lavish lifestyles and not being thrown in jail, or worse. Arguably even the regular German middle class got to retire early, work less, and lounge around naked in public parks on the backs of the hardest-working folks in Europe.
Germany should collect whatever scraps of honor or dignity they have left, negotiate an affordable plan with their market/patsys/debtors to the South, and STFU about morality.
Or, if they are indeed controlled by SOCIOPATHS, just keep on the current course.
DB is a Fed primary dealer bank. They gave up their bullion bank a couple years ago after the regulators stubled apon the gold fixing.
The Eurozone was never designed to be run by the American axis. It is now and this is the result. The EZ was designed for honest defaults. All of this shit with Greece is to save Bretton Woods 2 at all costs.
Thanks.
Seems worth reprinting here:
Primary Dealers| February, 11 2014
Bank of Nova Scotia, New York Agency
BMO Capital Markets Corp.(subsidiary Bank of Montreal)
BNP Paribas Securities Corp.
Barclays Capital Inc.
Cantor Fitzgerald & Co. (any relation to Eric Cantor?)
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies LLC
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Mizuho Securities USA Inc.
Morgan Stanley & Co. LLC
Nomura Securities International, Inc.
RBC Capital Markets, LLC (part of Royal Bank of Canada)
RBS Securities Inc.
SG Americas Securities, LLC (Society General)
TD Securities (USA) LLC (Canadian investment bank and financial services provider)
UBS Securities LLC
http://www.newyorkfed.org/markets/primarydealers.html
** I think they need to earn this right, by cleaning up their Activities **
It’s actually most more simple: Germany got a devalued EURO = a huge increase in exports. Germany has profited enormously on letting weak economies participating in the EURO (including Greek).
55 seems to know about these things.
Germany thinks they will have their gold back from the US in 5 years. That's where the 5 years comes from.
I don't know where you come from. I'm a taxpayer in the EU and I've had it with Greece.
EU spreading freedom and democracy as EU/NATO did in Libya. And is now doing in Ukraine. Greek military will be running the country soon.
The Destruction of Libya, the Destabilization of a Nation. US-NATO Crimes against Humanity“In 1967, Colonel Gaddafi inherited one of the poorest nations in Africa; however, by the time he was assassinated, Gaddafi had turned Libya into Africa’s wealthiest nation. Libya had the highest GDP per capita and life expectancy on the African continent. Less people lived below the poverty line than in the Netherlands…”
http://www.globalresearch.ca/the-destruction-of-libya-the-destabilizatio...
Good topic. One knock on effect of the NATO destruction of a unified Libyan state, is the rise of Africa's central stagging post for the illegal invasion of Europe by migrants from Africa and the Middle East. Another 350 were picked up and 12 drowned in one boat crossing, the Navies of Britain and Italy are jointly running thousands of migrants from the sea directly to the Southern Pipline nations of Europe, the first stop on the migrants trips to Germany, Denmark, Britain and Sweden. Asked where they are going, 90% list one of those 4 stops as their new home.
Local is Britain and Sweden are under the msot pressure from illegals, as their nations do the msot for them, and take the majority of them. Sweden is % wise taking more than anyone but the UK.
PTB are playing the same game in Europe with immigrants as they are in the US with Obama's "open borders" - the ploy is to disrupt the status quo (along with its traditions and values) to prepare the way for the ZioFascist NWO. Its a scary game, and I fear that by the time the middle class figure out that in the big World poker game the patsy is them, it will be far to late. We are certainly into the end-game at this stage, long popcorn, booze, comfort food and tranks.
http://www.counterpunch.org/2015/07/10/the-fawning-candidate-hillary-cli...
http://www.truth-out.org/news/item/31766-one-year-after-gaza-massacre-un...
Meet the new boss...
HAHAHA
They really think out of the 12, Greece will do any?
America is about to get her come uppance... A private contractor who has worked inside the Midland Texas Walmart has now confirmed in a stunning expose that they are indeed building a detention center inside the gutted out building!
Testimony and photos posted at http://revelation12.ca
The direct link thro' is this http://revelation12.ca/?p=2119
The Walmart being converted into some kind of secure facility, for want of a better description. Amazing if true.
Hollande and Schüable. An idiot and an unholy.
See, America is NOT the only country(ies) where the best rise to the top.
This one is a Fine Art Print keeper for posterity/posterior folks. Will sign and date it GREXIT D-DAY.
Inquiries: banzai7institute@gmail.com
Is that Steven Seagal...?
No its a Greek Seagull
Holland looks like he's sitting on a dildo.
Greeks; take your destiny in your own hands: Tell the EU to Do One. Hard.
What an army of wimps. Just tell the EU that they'll never get a cent, but they'll do their best to pay the IMF. Then we'll et to see what the IMF REALLY cares about.......
The is actually a very DEVIOUS line of thought.
Hmmm.
I LIKE IT!
You know, the great EU masters are a clever bunch. Who would have guessed they would figue out a "EU Time Out" for Greece! Pretty amazing stuff. Under the surface of the fiscal crisis, the USA is looming with it's imperial designs. What that means is that Washington will be telling Brussels and Merkel that keeping Greece inside the EU structure, a structure the USA dictates, is vital to the united NATO front against Russia. Believe it or not, Greece stands with the highest military spending nations of the EU. The goal for NATO members is 2% of GDP. very few meet that goal, but Greece meets it with ease. New tanks, Submarines, Firgates, and anti aircraft missile systems have been bought with borrowed money in order to please the Greek Military and it's US Comanders.
Greece will experience a color revolution sometime in the next two years, a pro EU right wing government will be installed by a Euro Maidan orgainzied by American NGO's and the US embassy staff. Military, Bankers, CEOs and the right leaning population will unite to throw out moderates, center left and leftist leaning politicians. Probably is a Euro Maidan style camp out in the capital. This tactic has been a major success for the US underground NGO intelligence agencies. Called NGO, they really are CIA.
Get ready for the rise of Poroshenkovapolos.
Christine Wormuth could be the new "Nuland"?
Greek Defense Minister Meets with Pentagon Under-Secretary
http://www.sigmalive.com/en/news/greece/129935/kammenos-meets-us-under-s...
I know I'm repeating myself here but... Shouldn't there be a naval task force steaming towards the Agean now - for 'humanitarian aid' of course...?
The US Navy is already there.
Island of Crete and the Land of King Minos and his "Maze."
"Watch out for crazy Air Force Colonels" would be my advice.
You forgot companies (German btw) like Ferrostaall, Rheinmetall and Siemens. All proven guilty of fraud.
A serfdom country of the jet-setting Eurocrats.
Welcome to the New Versailles
My God the baby loins basted in newborn blood and mother's milk was wonderful last night!
The Louis the XVth version would appear.
"Greece would place about €50 billion of state assets into an independent company. ... It would be a company structure based in Luxembourg"
A company based in Luxemburg? That's a good start for totally transparent management of a piratisation process.
Greece, that dark shadow passing over you may be the last thing you see before the life is sucked from you. Banksters are not your friend. They aren't even neutral.
CGO Collateralized Greek Organization.
Sell the whole fucking country.
Rank right up there with the Clinton Global Initiative (Extorting of entire sovereign nations)
What the fuck is wrong with these pictures?
Why is Tsipras taking so long to cave in and accept the deal? He has already gone against what the majority of Greeks wanted, so just bend over and accept Eurogroup's poopsicle.
'Privatize electricity transmission grid'
Really? I wonder who might be the beneficiary of such an event. Should be interesting. Undoubtedly someone of Buffets ilk.
Maybe this : DESERTEC
https://en.wikipedia.org/wiki/Desertec
no, seems this project has fizzled out
UPC and the many shell co's associated.
Death by a 'car accident', or death by the crowd. It might cause one to pause for a moment to decide which one is the least painful.
Come and take them.
A total loss of sovereignty should be very difficult to accept for anybody with pride and self esteem. Greeks are prould people. Whatever is agreed on the situation is going to be increasingly volatile.
They should put the Snakes In Suits that make up the Troika in 5 years of prison (time out) for lyin' and stealin' from their fellow countrymen.
By the looks of that picture, Tsipras should have a cigarette in one hand and a bottle of scotch in the other.
that would be the manly thing to do which is why he isn't doing it. he would rather suck on merkel's crusty vee ay gee instead.
Really I'm fed up with this hand-holding of greek politicians. They lied while entering the EU, they lied during their time in EU, they lied with their sound finances all the way long, they lied to every creditor during that bail-out time in 2010. Sorry, bastard is not Merkel (and that from me - hard to believe) but Tsipras and his socialist gang. How about cchecking the level of corruption in Greek?
his people already voted OUT. Dunno wtf he's doing dragging his feet. I guess you have to continue the play until the end.
Time out, another bullshit word from the banksters, instead of default and stick it to your anus on getting anything back you scumbags.
His Party only won thirty percent of the vote.
His job was to get the money.
Ironically I can't see anything he did wrong actually.
I will say this...every citizen of Greece now knows where they stand relative to the "European Union"...and vice versa actually.
Last One Out is a Rotten Egg now?
I agree up to the referendum. He punted when he put it to the vote. And the vote was a sham, offering to reject the EU's requirements for a bailout but stay on the Euro. Now there is literally no where to go, the burning house with no exits.
They voted oxi on the bailout, not on leaving the EU. Of course, they are one in the same, but they elected Tsprias on the platform of no more austerity while staying in the EU. The people didn't have realistic expectations, and I have yet to see anything from them that tells me that has changed. Greece cannot move forward until its people truly understand the gravity of the situation they are in. Perhaps this latest round of demands will be a wake-up call for enough of them.
that cocksucker is an odious piece of crap. in baseball terminology he has two strikes and no ballz bitchez.
This is absolutely disgusting, Greece should get out now.
If a bailout is so unimportant to the ECB, they would not have pushed for the massive 2nd bailout.
Yeah, no ahit.
Who's holding all the cards here "Creditor Natuons"?
If this becomes The Template for all FUTURE eurozone restructurings...
Greeks WANT to stay inside the euro-zone !! So, there are no other solutions; they MUST pay back their debt up to the last euro !! No more room for ignorance!!
Greeks WANT to stay inside the plantation !! So, there are no other solutions; they MUST pick the cotton, up to the last bushel !! No more room for resistance!! [50 lashes!]
Fixed it for 'ya.
I don't know. I think the Greeks want it to be 2007 again. They should be told that 2007 is long gone. They do think the only way to bring back 2007 is to stay in the Euro. Once Greeks know 2007 is gone forever (don't hold your breath), they'll leave the Euro.
Yes! Yes! Oh praise Zeus, yes!
Finally some real fucking consequences!
Don't stop now EU/EC/ECB/EMU! You can do this! Yes we can! Just do it already!
Show the world exactly what happens to societies that attempt to live beyond their means.
And pay attention, because you're fucking next!
(Remember when, once upon a time, ZH commenters were, daily, demanding that all US subprime borrowers/speculators/gamblers/flippers eat every last penny of their underwater mortgages so they would learn a lesson about credit, leverage, thrift, and fraud? The silence regarding the identical position of the deadbeat Greeks is downright deafening!)
Yep, I remember. I guess the pros have left and we are left with 'Please Help Me. I'm entitled!' -Zombies here at ZH.
Exactly.
Note: This is then next devolution of the blueprint, post Cyprus.
Next version is being developed for...Portugal, Spain, Italy, France ?
This Xexit Bluprint may apply.
Auto-Xexit Option is now tabled...and boarded.
Yes, it is.
Greece as dry run for the Great Reset? Fine by me. The results might even convince Uncle Sugar to finally do something about his own FSA. Wouldn't that be something?
Complain about debt as you wish. However, no increase in debt, no "growth." At least recent history shows that. Got any ideas on how to reverse that trend?
That is absolutly not true. There is the old fashioned thing names saving. One should try it before writing such things.
There are no lessons to be learned when "money" is printed from nothing at the whim of rich assholes. Berating poor people is wrong.
Sure, the Greeks need to learn that lesson. Greece's creditors also need to learn the lesson that you don't fix a debt problem by demanding that the debtor take on more debt.
It goes beyond that.
Subprime as well as banks/corporations/insurers were all bailed out.
Then the Wall Street casino was flooded with free money, $79 Billion per month for a year last round.
What this means is that there is no longer such a thing as money or debt - only oppression and tyranny.
The U.S. bailed out the lenders and home owner borrowers did eat every last penny. So the lesson learned was what? That the bankers own the place!
He is a EUROTRASH BANKER'S paid TROLL.
They are attempting to control the perception through using misinformation.
The Public ate shit for the Housing Bust while the Banker's were handsomely rewarded.
Tear him up and shred him alive.
If he were to visit me in America I will drive him out to the Desert, crucify him on a Palo Verde Tree, and then drive away allowing the Wild Animals to scatter the bones. And I will get away with it.
Here is my address. Come on over...
12223B Woodside Avenue
Lakeside, CA USA.
Come on over Eurotrash Bankster. We can have a good time, pal.
Remember when, once upon a time, ZH commenters were, daily, demanding that all US subprime borrowers/speculators/gamblers/flippers eat every last penny of their underwater mortgages so they would learn a lesson about credit, leverage, thrift, and fraud? The silence regarding the identical position of the deadbeat Greeks is downright deafening!
There is a old adage spoken here in the USA.
You can only fraud those who are willing to commit fraud. "You can only con a con.", is the way that it is spoken n the streets of America.
If someone cannot Stand and Deliver then any contract at that point becomes UNENFORCEABLE.
They declare a Force Majuere...INSOLVENCY...BANKRUPTCY
They have already DEFAULTED. They are BANKRUPT and are due PROTECTION UNDER LAW FROM CREDITORS..
The Greeks will not do well because they are uncreditworthy. Nobody will extend them credit other than complete fools. That is their consequence for their fraud. For many years they will not be able to trade and this has set them back into Developing Nation status.
But I want to see the European Banks eat it as well...for their part in the FRAUD. This event WILL COLLAPSE THE ENTIRE FRAUDULENT GLOBAL BANKING SYSTEM. (I wanted to see American Banks eat it. But no...Our politicians bailed the Bankers out while having the public eat shit.) Thus American Banks need to BURN. and the Bankers need to be TORTURED IN HELL..for ETERNITY...for all of the suffering which they have caused.
It is too bad that Tsipras was paid off in cash to make a deal because the deal will not go through.
Then you all in Europe, as well as the United States where I reside, can ALL experience LACK and FAMINE for all of the FRAUDS that we were participants in.. YOU CAN BURN IN HELL.
Everytime you spend DEBT AS MONEY, and attempt to stick another with a worthless piece of paper for a hard good or service is a FRAUD committed BY YOU.
Buddy...Just because the Federal Reserve or the EU prints currency backed by promises to pay when they NEVER INTEND TO PAY THE PROMISE DUE...THAT IS A FRAUD WHICH YOU, YES YOU, CURRENTLY PARTICIPATE IN.
And then YOU have the audacity to point fingers at the Greeks while you actively PARTICIPATE IN FRAUDS?
Now that is LAUGHABLE and I am laughing my ass off at YOUR HYPOCRISY.
BURN IN HELL!!!
Tom is getting it +1
Something I did 5 yrs of research on, the housing bubble.
Did you know that George Soros got to buy Indymac for 70% of the loan value.
When they foreclosed OneWest Bank (Soros Bank outta Indymac) was paid by
the US government for losses, actually on a typical Stockton CA foreclosure Soros
make 100K profit. This is why they didn't do any loan modifications. I recall on Occupy
some black woman had an Indymac blow up loan and the whole crowd went to OneWest Bank
with her and chanted outside for days, they did modify this lady but nobody else.
JP Morgan former execs formed a real estate group buying foreclosures all cash, the catch
is the bank would not take YOUR all cash, only theirs and one time they got one for less than my offer.
So I called up a banker in Chicago who was the CEO of the original lender (then bankrupt) and read him
the riot act. He said "How did you get my cell phone number?" I said "The internet"
I also caught a guy from Malibu who bought foreclosures from WAMU that were never listed.
WAMU sent me an apology letter admitting the realtor was doing this, he was fired by them.
Tons of mortgage fraud and most of it done in the ghetto as nobody was aksin questions there.
The whole thing was fraud and the fools who took the bubble loans were unaware of what loan
they were taking. I heard a subprime mortgage broker say they ripped the top page off the loan docs
that warned them it had a balloon payment or such.
The loans that used to be illegal before Greenspan, Summers and Rubin pushed through deregulation in 1999 were now fair game to place on the backs of the working class.
When Bill Clinton signed deregulation he actually said "This is a great day for America".
Blood on the street is made when everyone thinks Grexit is imminent.