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German Parliament Approves Third Greek Bailout, Opposing Votes Drop
With a Greek payment to the ECB due tomorrow, there was no doubt that Germany's parliament would ratify the Third Greek bailout, and the only question was whether political opposition to a Greek rescue would be larger or smaller than expressed in the last such Bundestag vote on July 17. Sure enough, following a speech by Schauble urging his fellow MPs to give Greece a "chance for a new start", moments ago the German parliament approved the third bailout with 454 votes for, 113 against - of which 63 were Merkel's lawmakers - and 18 abstentions.
Curiously, the No votes declined compared to to the last such vote on July 17. Here is the comparison:
- August 19: Yes 454; No 113 (63 from Merkel's block); Abstain 18
- July 17: Yes 439; No 119 (60 from Merkel's block), Abstain 40
- February 27 (Greek bailout extension vote): Yes 542; No 32; Abstain 13
And with that the Third Greek bailout is sealed, and Europe can resume paying Greece so it can promptly repay Europe, and perpetuate the can kicking cycle for a few more months, until Greece once again realizes virtually none of the money will make its way into the Greek economy, and a new political crisis re-emerges.
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Fucking hell, will this nightmare ever end?
At least gold is doing better today, but will that last until after 8.30am, that's another question.
With the third Greek bailout agreed...
Finally after years of struggling and months of negotiating Greece can finally begin making preparations for their 4th bailout.
Fucking Judas. Time to stack up on more Ag and covered short the EUR -- just out of spite.
They cannot allow all of the years, time and energy put into developing a misfit Eurozone go to waste. They will do whatever necessary to keep it on a roll. KLOWNS. It all comes down to the arguement of centralization vs. decentralization of cultures and nations.
WRONG!
They are not bailing out Greece they are bailing out Deutsche Bank and its 70 trillion dollars worth of derivatives.
Probably more than 70 trillion when you consider on and off the books.
I'm only going on what Zero Hedge has reported about Douche Bank's balance sheet.
"Fucking hell, will this nightmare ever end?"
Complete joke right... everyone knows Greece can never pay it back yet they adding more ridiculous debt to preserve their precious Euro. It's kind of criminal I think, at what point does this because a financial war crime where international aid is needed? Oh wait...
The EURO is over.
Let's all celebrate with some flaming cheese!
What a bunch of lazy people. What would they do without the free money from Germany - indirectly us once the German banks sink?
I’ve never been to Greece. Do Grecians beg at the airport for Fig Newton cookies or what?
That would be an "or what?"
Which country do you live in, Iceland?
Greeks are proud people they Prostitute, Steal, Extort, commit Fraud .. but they never ever Beg ;)
"And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers..." - Matthew 21:12
Did Jesus fail or the X-ian followers?
Wear your Jesus armor and toss them out.
Technically, Paul did by inventing the concept of vicarious redemption. I still appreciate Jesus' moxie though.
'lawmakers'
That's should be spelt 'Thieves' should it not ?
Could there have been one person left that thought that they were NOT going to get a "bail out"?
There will be a 4th,5th, etc...
It will stop when Banksters Inc. can find nothing left to skim/steal/perloin and not one minute sooner!
There. Told ya.
shocker. just keeps the streak alive. ive yet to meet a drug dealer willing to stop selling to his best customer no matter how fucked up he looks when he walks into their crack house.
nobody wins here. we all lose. still waiting for the guy/girl with the balls willing to stand-up and shut-down this insanity. more i think about it, more i think trump is the only guy with the "political will" (since he's NOT a politician) to stop the QE & put his weight behind raising interest rates. raising interest rates will FORCE the non-stop borrowing & spending on shit people can't afford to stop.
Maybe someone promised them their gold if they approved the bailout?
Germany never gets to see the Carrot only the Stick
Deutsche Bank cough, cough...
70 trillion dollars of derivatives cough, cough...
Can't rock the boat...
Ahem.
A bunch of Monkeys randomly pressing the "Yes/No" vote button would do a better job at running Germany
"Deutsch Bank Deutsch Ban Uber Fuckups...."
And thus the US domination of Germany and German politicians continues.
Make Germans pay for the TROIKA-NATO rulers.
No IMF (US) bailout for Greece?
The IMF (US) has other uses for its resources.
The zombie Empire's Kiev outpost for example.
Backdoor funding for its African misadventures.
Covert funding for its cannibal jihadist mercenaries.
Takes effect January 1, 2017. 19Aug/Basel III: The standardised approach for measuring counterparty credit risk exposures: Frequently asked questions
Seems to me anyone who needs to take out a loan every month just to make their loan payments is in real trouble. But then again, I am no economist, heck, I haven't even spent the night in a Best Western.