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Greece's New German Overlords "Irritated" By Tsipras "I Don't Support What I'm Doing" Comment
Yesterday Tsipras uttered two stunners during his interview on national TV: one was the admission that after today Greece will no longer be a sovereign, democratic state but will instead be controlled by the Troika.
- GREEK PM TSIPRAS SAYS LENDERS GIVE A MESSAGE THAT IN COUNTRIES UNDER A BAILOUT THERE IS NO POINT IN HOLDING ELECTIONS
This is a problem for the Greeks: if they allow their government to hand over Greek sovereignty to Germany for at least the next three years (in reality much less since the next and final Greek default will be imminent for the nation whose banks will also be controlled by the ECB) they will have nobody to blame but themselves.
But it was his other statement that also managed to stun Germany when he said:
- I SIGNED I DEAL I DO NOT BELIEVE IN BUT I'M WILLING TO IMPLEMENT AND WILL ASSUME RESPONSIBILITIES
It wasn't just that: according to Bloomberg Tsipras also said he only agreed to the deal with "a knife at my neck, wo which we said that we expect "Schauble to burst at few capillaries" after reading this.
Sure enough, just a few hours later the response did come, only not from Schauble who now has more pressing matters to attend to, but one of his subordinated. According to Bloomberg, comments by Greek Prime Minister Alexis Tsipras on Tuesday evening undermined trust that Greek govt will take ownership of economic adjustments in new bailout program, German Deputy Finance Minister Jens Spahn says on ARD public television. Spahn is a member of Chancellor Angela Merkel’s CDU party.
"The decisive point for today is that the Greek government, the Greek parliament show that they back these agreements, that they’re taking unilateral steps upfront, that they want to rebuild confidence; then one can talk about all follow-up measures”: Spahn
“What the Greek prime minister did on Greek television yesterday irritates me. It’s not just about cutting back. It’s about that this country needs an idea of how it will grow again economically, how it wants to be successful, how it wants to change structures, how it wants to gain trust."
But that's the whole point: Greece could care less about trust - it just wants some "deal" so the ECB raises the ELA so people can withdraw some more cash from locked bank accounts. Everything else is noise.
For now Spahn does not get it: "And when someone says "I actually don’t really support what I’m doing now", then I think that’s a problem -- this doesn’t necessarily create trust.”
He will in a few months, or maybe less, because not only is the shape of the full Greek bailout in doubt, so is the modest €7 billion bridge loan that is supposed to "carry" Greece for the next few weeks (recall Greece needs €22 billion in funds just through August) and whose proceeds will be used entirely just to repay the ECB and IMF.
Here is the reason again from Bloomberg (and common sense):
European officials were at a loss over how to put together a bridging loan that will keep Greece from defaulting on the European Central Bank and its own citizens next week.
One person familiar with the matter said that Greece’s finances seem to get worse with every meeting and governments are now reluctant to help out with even short-term funds.
“The Greek government has not received a bridge-financing program yet because some try to block this,” Tsipras said in an interview with ERT-TV before a parliamentary vote on the deal on Wednesday. “My priority is to make sure that the choice I made the other day, with a knife at my neck, is finalized.”
In other words, in a few hours Greece will vote to hand over its sovereignty to Europe (and mostly Germany) even as the same Europe is still unsure how to fund a €7 Greek bridge loan that will barely last the country for one week, let alone the next 3 years.
As for the math, with every passing day that Greece does not have a deal, even an interim one, its funding needs increase by about €2 billion. Here is the math as laid out by the IMF yesterday:
The preliminary (mutually agreed) assessment of the three institutions is that total financing need through end-2018 will increase to Euro 85 billion, or some Euro 25 billion above what was projected in the IMF’s published DSA only two weeks ago, largely on account of the estimated need for a larger banking sector backstop for Euro 25 billion.
So two weeks of capital controls deteriorated the banking situation so much, Greece now needs an additional €25 billion in funds to keep both the state and its banks alive, which amounts to a little over €2 billion per day. Assuming all of this is from the ongoing deterioration of the banking balance sheets (as capital controls tend to result in a surge in NPLs from 40% to almost 100% since nobody has any money to pay down any debt obligations), it means that Greek NPLs are deteriorating at the pace of 1% per day.
This also means that the total Greek bailout funding needs increase with every passing day that Europe is unable to decide on just how to bail out Greece, which in turn means capital controls continue indefinitely. And perhaps most importantly, since Greek banks simply will not open if this results in just another bank run surge which will soak up whatever deposits are available for withdrawal, capital controls will continue, leading to ongoing deteriorating in bank balance sheets until they can deteriorate no more and NPLs hit 100%. At that point Greece will officially have no banking system left, and will become, no matter how the government votes, a full bailed out vassal state of Europe.
One can see why Greece's new overlord, Germany, which no longer wants to be associated with the insolvent nation, is "irritated."
And Greece, since you are literally about to sell yourself for the privilege of repaying your creditors (the same creditors who will shortly impose the dreaded deposit haircuts you hope to avoid by selling out) you should be more careful: without sovereignty you want to keep your vassal rulers as happy as possible...
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MAYBE BECAUSE IT WAS A DICK THING TO SAY?
Poor dick couldn't help himself.
It’s time for a new political, financial, and military alliance to arise.
The four countries - Libya, Greece, Botswana, and Tunisia – should join forces and form a new superpower, LGBT. ;-)
Looney
“My priority is to make sure that the choice I made the other day, with a knife at my neck, is finalized,” Tsipras said in an interview with ERT-TV.
What Type Of ""HAPPY DRUGS"" Is This Dufus On???
I recognize Schaubles pic. Is it safe?
Satanic, demonic, killers in bankster suits asking for "trust"??? hahahahahaha
That's a good one.
"We come from the land of the ice and snow,
From the midnight sun where the hot springs blow.
How soft your fields so green, can whisper tales of gore,
Of how we calmed the tides of war. We are your overlords."
Alex Tsipras' Extremely CANDID First Interview With Greek Public Broadcaster
I have never seen a negotiation where two parties work so hard to blow it up and work even harder as to blame the other party. This thing is doomed. Only thing in doubt is the gamesmanship to see who gets blamed. Unbelievable.
That's because politics is the ONLY thing that matters to the slime balls on both sides.
Cause it's all about them and their fucking careers along with the banksters
The real world consequences don't matter at all to them.
Tsiparas comments indicate that he was acting under duress.
https://en.wikipedia.org/wiki/Duress
If you sign the contract under duress, you aren't morally obligated to abide it. The contract is null and void.
It's all just a charade folks, these wealthy faggots are all bending us all over something real good, you'll see...
http://galeinnes.blogspot.com/2015/07/the-awakening-of-technology.html
"Want to touch my monkey?"
No spank it: http://www.whackit.co/spank_the_monkey.html
old skool
Which is the argument the next Greek government should make.
"Satanic, demonic, killers in bankster suits asking for "trust"??? hahahahahaha
That's a good one."
They mean "obedience"
Schaubles' pic is better than Grumpy Cat's.
when these finance ministers are in a room for 16 hours do they actually discuss finance? i think they rehearse, like actors, until they have their roles perfected. ok i'm gonna do this then you leak this info then you have a hisssy fit about this then you makes these pissed off remarks then i'm gonna say this... ok got it good.. see you at the next rehersal
@ Looney. Another one for USA -
Michigan Illinois Los angeles Florida
LGBT = You outdid yourself with that one Looney. May I enquire as to what medications you were on when that genius transpired?
;-)
A downvote? They can afford internet in Greece? LOL
Dick move Tsipras, thats not how you treat your friends
which Dick? Cheney?
"But that's the whole point: Greece could care less about trust - it just wants some "deal" so the ECB raises the ELA so people can withdraw some more cash from locked bank accounts. Everything else is noise."
true. like this noise:
"In other words, in a few hours Greece will vote to hand over its sovereignty to Europe (and mostly Germany) even as the same Europe is still unsure how to fund a €7 Greek bridge loan that will barely last the country for one week, let alone the next 3 years."
this is pure "populism" in the bad sense of the word, i.e. an abject simplification meant to inflame
as a reminder, it's the Greek government that is keeping the Greek banks closed to the Greek People. which, of course, prevents defaults of the same banks... by the government
now, where are the critics of government intervention? where are those who ask for defaults? Isn't it a sovereign action, this "bank holiday"?
or is "sovereign" one of those twisted words that have a completely different meaning overseas? if yes, isn't it time to have a US-Rest-Of-The-World vocabulary?
Tsipras needs the deal to go through so he gets the bridge financing to pay off the ECB debt on 20th July otherwise the ELA is cut off and the banks collapse.
He could have just seized the Bank of Greece from the Eurogroup, issued IOUs and printed. That will happen anyway, so why kick the can?
which Dick? Cheney?
No....GWB....the guy that killed America before Obama saved it.
We're so saved....can you feel it?
Its going to be a depressing 2016 election.
2016 <----- the bumbling idiots tour.
Romanian porn beats watching that circus. So I'm told.
Czech porn stars are definitely hotter.
O-Hole is worst president (lower case on purpose) in American history...
..and the left won't be able to "revise" that ever.
O-Hole is worst president (lower case on purpose) in American history...
..and the left won't be able to "revise" that ever.
Because can-kicking is all they know how to do. Status quo at all costs, even if life is hell. Politicians worldwide do not, cannot trust their citizens to accept anything but happy thoughts and fairy dust.
Here goes evil Ghordius spoiling the simple factual narrative with clever ommissions of truths: It's the ECB that's keeping the banks closed, and you know it. I don't need to analyse it for you, you understand it well, and don't even bother to answer, we know you by now, it's ok. You carry on blaming someone other than the bought-out politicos who work for the banksters. It's so simple, so plain for all to see, that Podemos et al are surging parabolically the more this Greek debacle drags on.
yes, the ECB capped ELA at 90 billion. but it's depositors that are asking for their money. why don't they trust their banks, or their government?
I remember this place when it was full of commenters that would have clearly said that a bank run ought to result in bankruptcies, and would have called statist anybody arguing about a "lender of last resort". which, in the case of Greece, it would be the Greek national bank first, and then the ECB second
meanwhile, time has passed, and there are big crowds here that are fans of Dr. Krugman (hater of the €vil), Dr. Varoufakis (let's talk economics instead of numbers) and cheer Podemos in Spain
(@akak: you were right, you see?)
I think you mix up bankruptcy due to bad investments and bankruptcy due to a bank run caused by political turmoil (and some nuts Europeists...). This never happened before so I wonder who said we should let sink banks in such circumstances. As you know NO BANK, even the best capitalized, can survive a bank run due to the nature of the banking system. And you accuse others of populism lol.
Everybody knows the Greek debt is unsustainable but still, Germany does not want any writeoff. And it's Varoufakis who talks economics instead of numbers ???
"As you know NO BANK, even the best capitalized, can survive a bank run due to the nature of the banking system"
yes, I know. so? where are those who a few years ago would have pointed out that it's all a matter of trust? read again and look who (and why) I am accusing of populism
the real, unmentioned 800-pound gorilla in the room is the Greek Banking System, but it does spoil the "Greece vs all the others" narrative because there is no "evil EU" or "europe, give up" story to tell there
Varoufakis' job was not talking economics, particularly in prolonged negotiations. his job was to marshal the finances to keep the Greek State's head above water. including collecting taxes, something he actually hated to do
ironic how "keeping the greek state's head above water" quip goes reciprocal when the long game is taken into consideration.
I answered about the populism in another thread and about the trust, you prefer to camp on the outcome rather than the causes (foreign attack), fine, there is no point in arguing further.
"his job was to marshal the finances to keep the Greek State's head above water" : Greece is one of the rare countries in Europe with a budget surplus in 2014... Explain me how a country in complete depression managed to do that "without collecting taxes" while countries who are giving lectures to Greece still run deficits. In comparison to its GDP, Greece even produced a bigger budget surplus than Germany. What the hell the German FinMin is doing ?
Varoufakis' job was mainly to put the country on a sustainable path, sth the Germans refused, repeating over and over that he was bound by what his predecessors agreed on. They should have exited the euro, having the drachma and no access to markets would have forced them to balance their finances. Tsipras blundered a historical chance after the referendum outcome. The EU is doomed anyway.
>and there are big crowds here that are fans of Dr. Krugman
Nobel laureate economist Paul Krugman repeated his assertion this week that the United States could benefit economically if the government began pouring money into anti-ET defense in preparation for a possible alien invasion of Earth.
Even a faked war of the worlds scare might help, he suggested.
Standard Disclaimer: If they are fans of Krugman here, did you ever once stop to think they may be clinically insane?
You're putting words in people's mouths there Ghordo. Let the Greek banks go bankrupt. Let the Germans get fucked for lending to an obviously bankrupt state. Let some of the counterparties in the whole derivatives chain go bankrupt and lock up the global financial system. Do it. Get it over with.
Oh please... The ECB raised ELA until the referendum was called. The ECB forced the Greek govt/Bank of Greece to impose capital control, and you seem to forget the greek central bank is nothing more than an affiliate of the ECB. Under the drachma the Greek central banks could have provided liquidity as it wishes to keep the banks open, like it happened in Bulgaria when Fibank experienced a bank run recently. And yes Germany asked Greece to hand over their sovereignty, otherwise how do you explain Shcauble comment about unnecessary elections in nation under a "program".
Get out of here Ghordio!!!!!!! Under the brazen egomaniacal barrage of threat and intimidation, yeah, the Greek governement has put in capital controls to prevent the entire liquidation of its banking system. Meanwhile the ECB chartered to maintain banking liquidity holds a Damocles sword pressed hard on the neck of the Prime Minister of a member state of the EU. This is peace, and union, and democracy in Europe in the 21st century. What a laughing stock the European Union has become. And you are its messenger!
I will repeat, again and again, you are destroying the very creation you profess to so lovingly admire. I do no know if you are German, or Duch, or whatever . . . the following repost applies to all of you unelected apparatchiks. You are marching down a dangerous road, and when you get to the hellfire at the end, I hope you have an alias and a third-world second passport.
Repost AGAIN from 7/12/15
Dear White Rose, lest you forget, your miracle recovery was financed on the back of forgiven debt and a generous Marshall Plan. The world decided not to repeat the terrible errors of the Versailles Treaty 30 years before, and graciously supported German reconstruction. Der Alt Stadt of Frankfurt am Main was an extraordinarally beautiful place, that is, before the Allies carpet bombed it to smithereens. Of course this was the inevitable response to the Third German Reich's utter madness, as it forged its own rough version of mercantilist hegemony throughout Europe, north, east, west, and south. Ten years later more than forty million people were dead and entire nations lay ravaged and devastated.
The reek of death and destruction, ruin, and collapse lay all about. And though treasures like the Old City of Frankfurt were lost forever an repeated in many other lands, there was a far more profound loss that lay at the feet of megalomaniacal Germany and the entire world. It was the utter destruction of the notion of civilization, of civilized humanity, of the murderous evil that still inhabited the heart of man.
Now you must ponder Greece. Your attacks on the Greek people echo the uniform hatred spit at the Germans after WWII. Once again, the phenomenal work ethic of German citizens has raised up your country and brought it wealth, security, and envy. You would do well to reconsider 1914 and 1939 again and ask if it is not now time that Germany truly rethink its role in Europe. If Deutschland wants to be admired for its successes and accomplishments, perhaps it is time to lead not with its ledgers, efficiency, engineering, and what sometimes appear to the rest of the world as small mindedness, but instead to find a more noble route.
A Union by diktat is a fearful thought. If Germans proceed to display to the rest of Europe and the world their worst qualities they will have utterly failed in their efforts to bring the disparate cultures of Europe together in fraternity in order to remake the continent as a place where war and fractiousness have been left behind. Continue to flail a small country such as Greece to rack and ruin, irrespective of that nation's culpability and bad behavior, and you will destroy the very thing you cherish, a peaceful and united Europe.
Dreaming about Charlemagne and the Holy Roman Empire is the very last notion that should enter your mind. Mark my word, if the Germans and their northern allies do not open their eyes and look in the mirror to see what the world is witnessing today in the manner they are dealing with Greece, you will have not only have destroyed the European Union, you will set back the peace of Europe for a hundred years.
P.S. My family is from Frankfurt. My mother was married in the Dom in 1939. My great grandfather was the founder of the Hessische Staats Gaswerke.
well, there it is: a defense of the actions of the Greek Government "yeah, the Greek governement has put in capital controls to prevent the entire liquidation of its banking system..."
my central point is still there: a few years ago, I would possibly have been one of the few here defending any government action
and the majority would have focused on the innocent people/depositors and the evil government action of separating them of their funds
but now the majority is focused on saying that "the Greek State is being stripped of sovereignty", and that "the EU or the ECB is the very evil itself"
do I have to spell it more clearly, this shift?
>>> "stripped"
>>> given away
but now the majority is focused on saying that "the Greek State is being stripped of sovereignty", and that "the EU or the ECB is the very evil itself"
People on here are not very consistent in their view of appropriate government intervention responsibilities, but here I think it's more an issue of the lesser of evils. The greece situation has been going on a long time, the ECB plan has been making it worse every step. Yet, troika continues to force greece - against the wishes of the the majority + government there - to go along with germanys plans.
Greek central bank is largely independent of the greek gov.
+1 "Greek CB is largely independent of the greek gov "... and Tsipras is not happy about this independence, and said so a few times
meanwhile, this very CB has one vote in the ECB council, as every "NCB". whatever the ECB is doing, there is a majority of national banks behind it
I wonder how much ELA would be seen as enough ELA. 900 billions instead of 90 billions?
Yes it seems like you do Ghordius. It also seems to me that you have not read or understood fully what skopsis 101 wrote based on your reply.
Ghordius, you clever little schauble-like fox! I have not shifting anything! You on, the other hand, have done exactly that. Rather than respond to my questions and commentary you try to dismiss it with sleight of tongue. Who, precisely, are you Ghordius? Schauble's footman? Oh, I'm sorry, that might be construed as "swearing like drunken sailor". You are beneath contempt!
If those who put a knife at your neck are friends, I dread to think who are the enemies.
https://goo.gl/Mhs8HU - bumbling our way into oblivion
Greek debt was only 110 billion euros just 5 years ago. Now it is 323 billion euros. So it rose on average 122 million euros a day - or 11 euros a citizen a day.
And now rising at 2 billion euros a day?
and only 12 million people for the denominator. Simple Math sux like that.
Why are they living off of more than 1 euro a day?
The rich rule over the poor, and the borrower is slave to the lender. Prov 22:7
JustObserving, why don't you ask where so much of it went? Interestingly, ZH is quite mute about some very ugly things around how Greek Banks were held in life in the last years
take Ireland. on one day, debt at 60% of GDP. then some interesting conference calls, with bankers hooting, "taking numbers out of their arses" (sic) making jokes... and then debt at 120% of GDP
ah, always €vil, €vil Ghordius trying to spoil the simple narrative of the white versus black hats, in this case Greece versus all the others
Perhaps true €vil Ghordius, but EU taxpayers also bailed out GER, FR and NL banks that made bad investments in Greece. Not good capitalist practice just like letting banks become TBTF. Go ask Adam Smith.
The reason they don't want debt relief nor that Greece goes belly up is because then the EU taxpayers will be standing with the bill in their hands. That will for sure 'irritate' these tax payers especially if they wake up to the fact that it were the EU leaders that bailed out these banks (that even never said thank you) without asking or telling them.
By all accounts, you are very knowledgeable Ghordius. You are European. You are on the scene. You are smack dab in the center of this crisis. Why don't YOU tell us where all the money went, instead of being so specious, disingenous, and condescending? Perhaps if we all knew the answer to that question we would be bettet able to direct our rage.
What I do know is that 300,000,000,000.00 Euros did not go to the Greek populous. The overwhelming majority of old and young in Greece are not driving Porsches and Mercedes. They are not living in seaside mansions. They are not keeping Swiss bank accounts or vacationing in Monaco or Phuket. And they sure as shit did not gulp down E300 Billion of Ouzo and Retsina in the last five years. So where is that damn money . . . and why the hell haven't the touted "institutions" monitored the whereabouts of their money? You don't really think the Troika doesn't know where E300 Billion Euros disappeared to, do you.
>in this case Greece versus all the others
Except for the simple fact that the rest of Europe with very few exceptions also have one foot in the grave.
and how many have similar knives at their throats
"you support us on this or we turn the screws on you"
....
jeez sounds like "you give us a 3rd bank charter of the united states, or you will find yourselves mired in a most disastrous war"
I'm pretty sure that ZH has posted multiple pie charts on where all of that bail out money went.
Just sayin'
"I Don't Support What I'm Doing"
Welcome to the ZWO politico puppet club.
Oh, some folks are irritable. Tough life.
Just imagine how irritated those Greeks in ATM lines are ?
I think this means Hollande can sell France down the river without some pesky vote getting in the way.
'Take this and don't squeal when it hurts like hell'
“What the Greek prime minister did on Greek television yesterday irritates me. It’s not just about cutting back. It’s about that this country needs an idea of how it will grow again economically, how it wants to be successful, how it wants to change structures, how it wants to gain trust."
Germany is playing this whole bad cop bullshit again.
Everybody with half a fucking brain knows that a HUGE debt haircut is needed to give Greece a chance to grow again.
Tsipras is a malaka for delaying the inevitable.
Honesty is not acceptable. It makes the matrix harder to maintain.
The Greek situation is a never-ending media loop signifying nothing.
Best ignore it in favor of a reprise of the nearly forgotten perpetraitors of the Mortgage Banking fraud that has now been relegated to less comments, indictments, and remarks by the MSM.
Or a few weeks on Kate Upton's Cat Daddy Dance, to wit:
https://www.youtube.com/watch?v=ZYmRLezVPI8
Tsipras played pocker and lost - he came to Brussels without having any Grexit plan prepared. Now he does not know how to sell his helplessness to his people.
What a chaos we will run into - if the situation would not be so tragic, one could laugh at it.
"I have an ace up my sleeve, here look....o wait... it's a two".
and the EU is THINKING about giving them more money when they are saying they are not going to do what the EU wants them to do..even if they vote for it....come on people....lets see this for what it is...Greece is a thief....they will steal your money...and never pay you back....get it
you could make a joke out of it if you keep in mind that many Germans spell "thinking" in the same way as "sinking"
it's a contract, isn't it?
the Greek government is asking for more credit, and a number of countries are deliberating about giving them some, while the Greek Parliament has not yet agreed with it's appointed administration on asking it in the first place
all the rest is indeed noise, and a wonderful occasion to swear like sailors on shore leave
Ghordius, your politesse oozes with hatred. "It's a contract", after all, "isn't it". You are inhuman.
Are we still voting?
As many times as you want....if you run out of ballots....we'll send more.
The evil Nazis (actually Gazis ... global socialists) don't like that their slaves state out loud that they do not like being slaves? How surprising. Maybe they should initiate another Anschluss!
Or is that what the whole, "no need for elections" thing was about. It is already done. When will the Gazi troops be sent in to restore order?
Oh no....He's irrrritated.
For Fucks Sake, will someone appease that man before he gets......."pissed"?!?!
Greece's debt increases by 2billion euros a day. WELL - someone had better chop chop and do something!!
I can't fathom why a country in this situation doesn't realize that giving everyone the middle finger and just resetting with a new currency isn't obviously the best path forward.
Either way, they will have to make serious pension and government spending reforms. There's no getting around that no matter what, but obviously the country will be better off telling creditors to F off and starting over than giving away assets towards a debt that can never be repaid.
That would be like knowing you're going to foreclose on your house and there's no way to solve it, but instead you choose to give the bank your car, all your money and everything else you own just to live in it a little longer.
I'm guessing the problem is a severe lack of faith in the abilities of free people and an erroneous belief in the need for fractional reserve banking / money warehouse fraud.
Well, when you're told something all your life by someone who de facto is presented as "having your best interests at mind"...
there's a LOT of people that wind up finding it hard to go against pretty much everything they've been told their entire lives, no matter how plainly it is laid out before them
Just pull the plug.
The Great Reset has to start somewhere.
"We irritated a few people".
"We irritated Germany".
Who isn't irritated?
Media here already say Greek bailout will be 86 + 35 + 7 billion.
The extra 35 billion is for investments in the Greek economy.
O, and extra,extra easy access to EU development funds for the coming years.
Total costs of the Grexit in three years ~200 billion.
Is it just wishful thinking that Podemos will kick in soon?
Where's the big rallies for solidarity with the Greek people? Labor strikes? Students doing what they do?
that's why they've been making all those laws in spain to make any exercising of democracy punishable by law and a 30,000 euro fine
Podemos is funded by Nicolas Maduro.
Tsipras is an idiot. More proof that all the smart Greeks left and what's left is basically Idiocracy.
Idiocracy, like democracy also a word from Greek origine.
If he had a knife to his throat than he should have sacrificed himself for the people of Greece and stained all that Bankster money with his blood! Instead, he stold his people and country into slavery.
Many people said Varoufakis is an idiot or a diva. Now who is the idiot ? Varoufakis was ready to go back to the drachma if required. Tsipras, if he planned to fold, should have done it 3 weeks ago. All he did is make things worse for the Greek people.
I think you'd enjoy hearing it from the horses' mouth. Excellent interview audio:
http://yanisvaroufakis.eu/2015/07/14/on-the-euro-summit-agreement-with-g...
Greece has very little debt, really. The U.S.A. has over $18.3 Trillion of debt.
See:
http://www.usdebtclock.org/
So we are next. Our military won't protect us. Remember 9/11? They are too busy growing poppies.
We will make the Greeks look wealthy.
The US military is doing its best to make sure that debt reaches the stratosphere .New weapons come with umbelievable price tags and they seem to have short expiry dates on them ,judging by the way they go through them.
The problem with Central Planning / Central Banking is that - once the Central Bankers take over, the economy becomes bankier and bankier and bankier until finally you're left with nothing but fraud and mountains of unpayable debt that must be forced down the throats of innocent taxpayers.
Mr. Schäuble taks about trust.
It is too late to talk about trust now.
Even me, sitting in AUstria, I have lost all trust in EU, EU institutions and of course persons in politics, like Schäuble, jew Cameron , Juncker Tsirpas.
When I took a trip to the western US; I met Europeans from all over Europe and I found two types; those that were aware of the EU's overall moral failure and those who believed it was good for Europe. Not unlike the US, where the propaganda has succeeded in dividing the nation on issues, for the most part, are not material. We substitute our moral bias that guides our behavior and mix it with emotion and consider it logical and rational thinking. We need to set aside the emotional bias and exercise critical thinking skills.
why anyone in spain, italy, portugal, france, etc that has money in a bank - still has money in a bank - is beyond me - if cyprus banks then greece banks don't wake up the eurosheep then what will ?
They still believe they are fine while Greeks are evil lazy asses living on credit. I keep telling them that, more or less, they are close to become those Greeks. They will wake up when they are in front on the "fait accompli". And they are the ones who will be the most upset.
I think after this is all over ..there is going to be a lot of hatred between countries....not good for economies or tourism.....I dont see greece getting to many German tourists this year..
You can't trust a sick person - Schäuble is mentally ill and everyone can read it in the personal interview he gave once to the ZEIT.
I am working for the EU and can tell you when I talk to people like Schäuble there is no life in their eyes. He and the other 99% of politians are zombies! And I mean this literaly. They are dead souls and I always wonder why no one else is seeing this.
need to see with more than just your eyeballs to tell if they really are cardboard cutouts or not...
There was no knife at your back fool!
You got paid to flip.
Nothing else can explain the inexplicable.
Tsiprasis trying to literally save his life; can you imagine being in the room with the "Western Central Mafia Banking Cabal & Associates" with "Murder Inc." standing behind you???
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I'm sure he would like to resign at this point. He should call Putin and beg for help in both financial and militarily and put the entire West on notice. Personally, I am praying for the Greek people; regardless of who is to blame, that is easy, they are people like you and I. We are all in this together in that the enemy of men souls is the same in all nations and all generations and it is an enemy that desires to destroy men's souls & is underestimated.
and his family's - he was given 'an offer he can't refuse'
I agree - drop a dime and call in the Russian military - offer up an island for a naval base and generate revenue - get the turkstream pipeline into Greece and generate more revenue
I never imagined I'd see the day when Russia/East was a better hope for mankind than the USA/West.
Agreed and well said. I assume by your name you were or are in the Marines. It saddens me to see people going into the military and risking their lives for what? Bankers, politicians, and other ilk that make up the foreign and domestic enemies. Since the Clinton administration and forward; many very good military leaders, who were real patriots, were replaced with those who have no national loyalty...very sad and pray for them as well. What is worse is so many "charities" are taking advantage of the carnage done to our military.
I wasn't by my whole family was and since that's about all they talked about I feel like I was and wanted to be - old school corps - loyal to the Constitution of the United States, sworn to defend it - my dad said I'm going to school so I could take advantage of the sacrafices he and his fellow jarheads and predecessors made - all the jarheads/military I've talked to are not aware of what's really going on, so I try to educate them if they are willing and want to listen - its a slow process - one thing I stress is that the enemy is both DOMESTIC and foreign and that the domestic one is much closer and a much bigger threat - the moniker 'semperfi' is a tribute to my dad, my family, and the Constitution of the United States and the liberty & freedom from tyrrany that it enables (if followed!), to the never-ending faith I have in them all. The Constitution still stands, still largely unblemished, and is the best hope - it sits there, idlely, patiently waiting - for us to pick it up, dust it off, read it again, embrace it, fix it up a bit (amendements), and get back to using it - all of it - starting with banishing the ILLEGAL US DOLLAR and getting straight back to gold & silver in payment of debts - that in and of itself will go a long ways towards putting the banksters on par with everyone else instead of propping themselves up as false gods.
The Congress of the United States is no longer relevant and its main purpose is to give the ILLUSION that a US Constitution exists; it does NOT. That was given up officially in 1913 with the Federal Reserve Act, which means it was given up before that since the plans would have already be formed prior to the act being enacted.
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As an example, where are the Vetoes? If the Congress is controlled by "Republicans", then we would expect many Vetoes. Another example, how is it Obama can threaten to Veto the deal with Iran, that is required by said Constitition to be approved by Congress, particularly the relief of sanctions when there has been no approval or disapproval..so how does the President threaten to Veto? Answer, he knows he doesn't need Congress. Another, why does Congress involve itself in the name of a football team, the Washington Redskins, while it approves funding for a killing machine called the Apache helicopter? The last example shows the lack of relevance of Congress and demonstrates it primary objective, used as a distraction and debate issues that are divisive to the nations people.
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The real problem is that we no longer, as a people, have the fixed moral standards given to us by God and have gone the way or relative moralism, which is nothing less that using ever-changing morals, a guide for behavior, mixed with emotional bias and dress it up as critical thinking. The direction of the world is in direct accordance with the Scripture, which cannot be broken and like an old anvil it has broken all and many hammers that have tried. The only escape route has been given and there is only one way and heaven admits one soul at a time, which means that belonging in a Christian family cannot save, being attached to the "right" formal religious group cannot save the soul; for there is but one Name given among men in which we can be saved. So any discussions about the things of this world are not relevant apart from be reconciled to Jesus Christ first...all else is like trying to grasp the wind.
What is true salvation from the one who provides it in 2 minutes? https://www.youtube.com/watch?v=NMlv21zGARM
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God be with you and I hope you are successful in your endeavors.
THEN WHY DOESN'T THE PARLIAMENT JUST VOTE FUCKING 'NO' ??!!! FUCK YOU!!!!!!! BASTARDS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Because they have big fat salalries and bigger pensions and they want to eat next week...that is why
It's a game of high stakes charade, their hands are gesturing and all the players are guessing.
But as to who looses the biggest??
Trust has nothing to do with ass raping Greece is about to get if this shitty bailout deal passes.
So shut the fuck up Germany! they don't have to smile and like your hostile take over.
No one smiles here - the proplem is not Germany, it is the financial system but in your hate against Germanv you are blind to distinguish.
All these printing press owners "struggling" about how to solve a fiat money issue isn't fooling anyone.
When you are being tortured you will say and do anything to stop it
They didn't solve it last time because there is no solution.
They can't solve it now.
This is a case study of everywhere, all the EU, the US, China, just about everywhere.
Russia had their failure, their austerity. They are a lean mean fighting machine just this second with a dictator at the helm that the majority can get behind. They failed first, while others were still up and running, they failed best.
Greece is being sacrificed to keep the banking system up and running. This is what no one is saying and it needs to be sung from the roof tops. Greece is not special, just the one on the chopping at the moment.
We can't "save" the banking system Greece, so you will go first, we will try to make the impact orderly for the rest of the system, we hope to God it works and someone thinks of something to solve this before the next one goes goes on the block.
I personally feel that there is more method to the madness than appears on the surface. As I remarked yesterday, it seems obvious to me that it is Germany, even more than the Greeks, that has been trying to force Greece to exit the EU by playing the role of devil's advocate. Note that it's publicly stated position actually makes no rational sense whatsoever. This is because it doesn't jive with its actual goal, but is being used as a ploy to deflect the world's attention. The goal is to shake off the US Occupation, which, after some 70 years, it now has its first window of opportunity to accomplish, by destroying the dollar without accruing blame.
If they force Greece to completely and utterly sever ties with the EU, this provides a hugely leveraged force to destroy, first Goldman Sachs and thus the $US-based monetary system, by exploding the hundreds of $trillions in related derivatives that GS has on its (off ledger) books. 'Deutchland uber alles; Amerika kaput'
On Greece's side, I don't see a method to the madness. I see an idealist that got elected, tried to play hardball with the Troika and got turned into their bitch. On Germany's side, I agree. Their interests are diverging from ours, and it is starting to cause them real pain.
Agreed, but for one caveat. I think Germany knows that they and Greece will ultimately become partner States in the new eurasian trade zone under construction. Greece is simply being forced out of the nest earlier, and Germany will continue to force an exit-response from each of the PIIGS until it obtains its goals.
Incidentally, I anticipate the euro to ultimately survive, but only by being partially gold-backed and as a thinly disguised deutchmark. I don't think we will have to wait beyond the coming winter to see this.
Interestingly, 'Vineyard of the Saker' expressed very rational reservations about Tsipras early on, describing him as both emotional and a confirmed statist. That wasn't at all clear to me at the time, but seems more than obvious now. Today, Tsipras looks like Obama's fraternal twin brother.
The recent about-face by the IMF is, I think, due to a belated realization of what Germany may be up to, and is suddenly forced to defend the Fed cabal of upper echelon banks, whose collective ass is now waving in the wind.
Have you been listening to Dr. Jim Willie; I like him as well and am a Hat Trick Letter subscriber. If anyone is interested they can go to goldenjackass.com and go to the public area and click a link to any recent interview to get real perspective.
First Cyprus and now Greece, then Portugal, Italy and Spain...for all will feel the pain as they are raped and pillaged by the "Cabals". The EU was about removing sovereignty and taking the hard assets (the raping) of all EU under the guise of a "United Europe".
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This will continue and may take years to complete, but it is on the Biblical time table and moving in the direction that it is suppose to as it is written and therefore it will come to pass. The Bible is like an old anvil that has broken many hammers.
Not preparing for grexit is pretty dumb.
I get the impression, that the kleptocratic elites in Greece mentallity are the criminal one of "look after number one" and "let the devil take the hindmost", without any sense of responsibility towards their communities. Unfortunately they enjoyed great estimation over the years by the Greek voters.
Now it's hard to accept that international contracts (...even with banksters...) are not only made for one legislative periode and money doesn't grow on trees.
The biggest group of creditor banks were the Greek banks itself - nowadays it's the ECB. I don't see Germanys responsibility in this game - even less the German taxpayers. They were just forced to stand surety for the other ones. And Greek credits are almost written off by German banks...
It seemes to be hard to realize that the wealth of the past years was based on debts.
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The German government kind of resembles ISIS not satisfied that the tortured enemy utters into the microphone that he is not completely satisfied after having been tortured.
"Tell someone you love them today, because life is short. But shout it at them in German, because life is also terrifying and confusing." ~Anonymous
World War II continues. The Germans have a long memory (they are still worried about inflation in the 1920s). If the subhumans beat the Master Race militarily, the Master Race will try to beat them financially. So far the Master Race is winning. Sieg Heil, das Viertes Reich.
The Greek people need to conduct financial guerilla warfare against the Viertes Reich. Cheat, lie, deceive, whatever it takes to screw the German Occupiers. The Greeks are good at this kind of stuff. This includes barter whenever possible and introducing a parallel currency to the Euro, a kind of black market script or drachma or iou's as ways to facilitate exchange. It's war.
I wonder if that shit for brains spahn would be irritated if he read what I will say about him.
Spahn, fuck off you irrelevant little cock sucker
So, it's like this: I'm gonna rape you and you have to like it, too. Pure sadism.
I never thought I would see this happening in the western world.
https://www.youtube.com/watch?v=2_nUztwPiEY&safe=active
Too easy.
Now you know why Germany wants all theit gold back.Especially from the U.S. If and when the ponzi in EuroLand goes bust there has to be some type of insurance to protect the FED swap lines.A lot of derivatives outstanding in Germany.(trillions)