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And Next On Deck: Slovenia May Request Bailout Next Month PM Says

Tyler Durden's picture


Because once you pop, you can't stop.

From Bloomberg:

Slovenia may ask for an international bailout if lawmakers fail to adopt legislation next month that would limit public spending, Prime Minister Janez Jansa said in an interview with a local radio station.


“July will be the moment of truth since parliament will vote on the golden fiscal rule and on changes to the way referendums are organized,” Jansa was quoted as saying in an interview with Koper-based Radio Ognjisce. “If we continue to get more and more debt, we will see a Greek scenario here and this generation will have to pay dearly for the stupidity of those that have delayed decisions.”

John Nash was a genius for a reason: defecting is stupid, but if you defect, defect first. Or at least be among the first. It seems Europe has finally had its first lesson in game theory and is learning fast.


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Wed, 06/27/2012 - 13:07 | 2565433 hedgeless_horseman
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Whomever is appointed the receiver for Europe when this ponzi finally falls apart is going to make a mint...generational wealth.  What is that Rothschild kid up to these days?

Wed, 06/27/2012 - 13:09 | 2565447 GeneMarchbanks
GeneMarchbanks's picture

My God!! No! Not Slovenia!

This one could do it.

Wed, 06/27/2012 - 13:24 | 2565514 The Big Ching-aso
The Big Ching-aso's picture



This is what happens when you handle yourself in a slovenly manner.

Wed, 06/27/2012 - 13:27 | 2565525 GeneMarchbanks
GeneMarchbanks's picture


Wed, 06/27/2012 - 13:25 | 2565518 DavidC
DavidC's picture


Hilarious GeneMarchbanks!


Wed, 06/27/2012 - 13:43 | 2565589 Thomas
Thomas's picture

Slovenia--a dagger pointed at the heart of Hungary.

Mon, 07/23/2012 - 02:15 | 2641680 icetears
icetears's picture

Because already you pop, you can't stop. From Bloomberg: Slovenia may ask for an all-embracing bailout if assembly abort to accept legislation next ages that would absolute accessible spending, Prime Minister Janez Jansa said in an account with a bounded radio station.

jogos online

Wed, 06/27/2012 - 15:49 | 2566117 Silver Bug
Silver Bug's picture

QE to infinity continues!

Wed, 06/27/2012 - 13:40 | 2565575 Stock Tips Inve...
Stock Tips Investment's picture

Virtually all European countries face the same problems. They will go progressively falling one by one. Moreover, "some countries" are rushing to apply for assistance. because they think that the money for the bailouts "to finish" or that the interest rate rise. This is another pernicious effect of the European rescue. Imagine when your turn to Italy, France ... UK? .... Germany?

Wed, 06/27/2012 - 13:07 | 2565436 billhilly
billhilly's picture

Another good one there "Jon".

Wed, 06/27/2012 - 13:08 | 2565439 FieldingMellish
FieldingMellish's picture

"limit public spending"

does not compute in the 21st century, apparently.

Wed, 06/27/2012 - 13:08 | 2565440 SamAdams1234
SamAdams1234's picture

Don't that call the receiver for Europe, a guillotine?


Wed, 06/27/2012 - 13:08 | 2565442 Al Huxley
Al Huxley's picture

Big fucking deal - ECB borrows some money at -ve rates, pockets a little more coin, win for everybody.  Who's next?  Germany, want a bailout?

Wed, 06/27/2012 - 13:09 | 2565446 Cognitive Dissonance
Cognitive Dissonance's picture

Dude.....when can I get in this chow line?

Wed, 06/27/2012 - 13:12 | 2565454 hedgeless_horseman
hedgeless_horseman's picture





Sorry, cognitive dissonance is not on The List.

Take a hike, buddy.

Wed, 06/27/2012 - 13:16 | 2565475 EscapeKey
EscapeKey's picture

Have you made sure your $1m donation has made its way into the party account?

If so, any day now.

Wed, 06/27/2012 - 13:30 | 2565530 Cognitive Dissonance
Cognitive Dissonance's picture

The check's in the mail. Promise.

Please???? Just a taste, a pinch, a touch of the fiat devil.

Wed, 06/27/2012 - 14:03 | 2565677 Matt
Matt's picture

I mailed you the check, but you better deposit the bailout money first, or it'll bounce.

Wed, 06/27/2012 - 13:34 | 2565552 CrimsonAvenger
CrimsonAvenger's picture

Just show Herman von Gollum the precious ring - the one inscribed "sovereign insolvency."

Wed, 06/27/2012 - 13:54 | 2565635 sessinpo
sessinpo's picture

Dude, you are the chow.

Wed, 06/27/2012 - 14:04 | 2565682 chet
chet's picture

Just wait, this is like an Oprah episode:  Everyone gets a bailout!!!

I guess the "bailout" for us little guys will be runaway inflation.  All debtors shall be set free.  Those prudent savers, not so much.

Wed, 06/27/2012 - 14:42 | 2565860 Cognitive Dissonance
Cognitive Dissonance's picture

"Those prudent savers, not so much."

Hey! Someone's gotta lose and someone's gotta.....well.....lose.

Practicing chastity among the whores doesn't pay very well.

Wed, 06/27/2012 - 13:10 | 2565451 Jason T
Jason T's picture

collapse exceeds the rate of bailout.. the ship sinks.  

Wed, 06/27/2012 - 13:16 | 2565474 MsCreant
MsCreant's picture

I would normally agree, but it has exceeded the rate of bailout. Your equation forgot something. Apparently shit floats.

Wed, 06/27/2012 - 13:21 | 2565506 Stoploss
Stoploss's picture

The 'Baby Ruth" theorum.

Wed, 06/27/2012 - 14:04 | 2565678 Antifaschistische
Antifaschistische's picture

As a general rule, . a cadaver in the water starts to sink as soon as the air in its lungs is replaced with water. Once submerged, the body stays underwater until the bacteria in the gut and chest cavity produce enough gas—methane, hydrogen sulfide, and carbon dioxide—to float it to the surface like a balloon. (The buildup of methane, hydrogen sulfide, and other gases can take days or weeks.

This is what is happening in Europe, but from a distance you can't tell if it's alive, dead but with air still in lungs, or resurfaced due to methane build up.  But in the end, everything sinks.

Wed, 06/27/2012 - 17:37 | 2566525 Blackie_Scholes
Blackie_Scholes's picture

Right you are. And if you're not riding the wave on the QE 2012, then you're in steerage on the HMS Fiat Titanic.

Wed, 06/27/2012 - 13:11 | 2565456 Jason T
Jason T's picture

its' like one giant bank run but instead of everyone running to get their deposits out, they're running and lining up for their bailout.  Soon, the bank runs dry.  

Game Over 

Insert Coin

Wed, 06/27/2012 - 13:17 | 2565483 MsCreant
MsCreant's picture

Except there is no coin needed for this video game. Because it is all electronic, you get another life to infinity apparently. You can't die you can't fail, wheeeeeee!

Wed, 06/27/2012 - 13:12 | 2565457 Dick Darlington
Dick Darlington's picture

The dead born €-utopia keeps on crumbling down. One by one the illusion is fading. The unelected keep screaming "more Europe" in order to centralize everything into the hands of a few bureaucrats like Gollum and the mao-extremist Barroso. Slovenia joined the deathzone in 2007 with very low debt. After getting rid of communism they thought they secure their "freedom" by joining EU and euro. But what little did they know. They just ended up into the hands of communists again. In 5 short years € managed to destroy the beautiful country and will soon be controlled by the unelected foreign bureaucrats.

Wed, 06/27/2012 - 13:31 | 2565533 sunaJ
sunaJ's picture

The funny thing about ideology is that when things start to fail - even within a predominantly accepted paradigm - the prevailing human response is to flee even more deeply into that ideology for a solution - whether it is religion, politics or economics.  We have pretended for years now that there has been no ideological failure and the most adherent to the ideology of "European Union" or "Modern Finance" double down each and every time they encounter trouble.  They cannot stop digging because everything they "see" is something that MUST be solved within the now anachronistic parameters of the ideology.


You cannot avoid collapse with fraudulent liquidity.  In fact, it just exacerbates it.  If our children survive, they will recognize the insanity.

Thu, 06/28/2012 - 02:51 | 2567492 Ghordius
Ghordius's picture

Dick, you are doing it again: "dead born €-utopia", "unelected", "bureaucrats", "communists", etc. all wrong. YAWN

Too bad you don't have the facts to discuss this in a sensible manner...

Thu, 06/28/2012 - 04:09 | 2567543 Ar-Pharazôn
Ar-Pharazôn's picture

LOL, they ARE unelected and Barroso is really a communist............. those are facts!

Wed, 06/27/2012 - 13:12 | 2565460 buzzsaw99
Wed, 06/27/2012 - 13:15 | 2565477 midgetrannyporn
midgetrannyporn's picture


Wed, 06/27/2012 - 13:12 | 2565462 MsCreant
MsCreant's picture

When they go to these summit meetings all they really do is draw straws on who will go belly up first, second, etc. They all need bailouts now and they won't get them. Some folks need to start being told that they ain't getting their money.

It is criminal that they are still selling government bonds in Europe, the US, 

Wed, 06/27/2012 - 15:56 | 2566138 Freegold
Freegold's picture

" I want to make it easy for individuals to make these investments – and pay the same price as large institutional investors."

Translation: It´s difficult to sell our toxic shit (California Bonds) so i´m hoping YOU will participate. I promise you we will return your (nominal) money!

Wed, 06/27/2012 - 13:24 | 2565512 Cognitive Dissonance
Cognitive Dissonance's picture

"It is criminal that they are still selling government bonds in Europe, the US,"

It is only "criminal" if you are subject to the law. If, however, you either make (up) the law or you can (eaisly) ignore it, understand the social class system, right?

Wed, 06/27/2012 - 13:15 | 2565467 Stackers
Stackers's picture

How do I go about applying for a bailout ?

Wed, 06/27/2012 - 13:57 | 2565648 sessinpo
sessinpo's picture

De Novo Bank Application Process


Large donation to politicians speeds up the process.


Wed, 06/27/2012 - 13:15 | 2565468 yogibear
yogibear's picture

When you give one crying kid ice cream the rest of the kids want it as well.

Take it while you can get it. The Germans can work until their 100 or drop dead to pay for everyone else.

Wed, 06/27/2012 - 13:15 | 2565472 sangell
sangell's picture

Isn't Slovenia supposed to be bailing out Greece?

Wed, 06/27/2012 - 13:20 | 2565491 Quintus
Quintus's picture

Looks like Greece will shortly have the opportunity to return the favour.

Wed, 06/27/2012 - 14:00 | 2565657 sessinpo
sessinpo's picture

Well yea.

It's like broke Italy selling bonds at +6% to loan to Spain at 3-4%. Makes perfect sense in Euro bailout bizarro land.

Wed, 06/27/2012 - 15:24 | 2566024 Gief Gold Plox
Wed, 06/27/2012 - 13:17 | 2565481 Itch
Itch's picture

In all our lives, we have now truely known farce. Now go forth and multiply my son.

Wed, 06/27/2012 - 13:19 | 2565486 CaptainObvious
CaptainObvious's picture

When I was a kid, I had a toy called Domino Rally.  It was, in essence, brightly colored dominoes that looked different on the surface, being different colors and all, but in reality were exactly the same, all having the same weight and size.  These dominoes were attached to a track, and when one placed a marble at the beginning of the track, the marble would slide down and knock down the first domino, causing a chain reaction that eventually left all the dominoes lying on their faces. 

Dominoes=EU member states



Wed, 06/27/2012 - 13:23 | 2565510 ptoemmes
ptoemmes's picture

Your post is worthless without pics:


Wed, 06/27/2012 - 14:47 | 2565880 Glasnost
Glasnost's picture

The Cloward-Piven Strategy is to force political change through manufactured crisis.

Wed, 06/27/2012 - 13:20 | 2565492 Sabibaby
Sabibaby's picture

Sucks to be you Slovenia TSTB! (To Small To Bail)

Wed, 06/27/2012 - 13:21 | 2565498 j0nx
j0nx's picture

I don't understand where all of this bailout money is supposed to come from??

Wed, 06/27/2012 - 13:25 | 2565520 Vince Clortho
Vince Clortho's picture

Digital Zeroes.

And btw, you are not supposed to understand.  Let the Central Planners take care of the thinking.

Wed, 06/27/2012 - 14:52 | 2565900 Winston of Oceania
Winston of Oceania's picture

Well it won't be from Germany.

Wed, 06/27/2012 - 13:20 | 2565500 williambanzai7
williambanzai7's picture

Isn't Slovenia a suburb of Stockton?

Wed, 06/27/2012 - 13:24 | 2565513 mayhem_korner
mayhem_korner's picture



A friend of mine used to say that wars were designed to help folks learn where certain countries are located.  Now we have bailouts for that. 

Wed, 06/27/2012 - 13:25 | 2565519 Cognitive Dissonance
Cognitive Dissonance's picture

They are soon to be BFF.

Wed, 06/27/2012 - 13:50 | 2565627 rufusbird
rufusbird's picture

Stockton is a suburb in the state of CalSlovenia...

Wed, 06/27/2012 - 13:20 | 2565501 bdc63
bdc63's picture

Wait ... I thought there was only one "s" in "PIIGS" ...

Wed, 06/27/2012 - 13:21 | 2565502 hugovanderbubble
hugovanderbubble's picture










Eastern Europe FUCKËD

Wed, 06/27/2012 - 14:04 | 2565679 Martin W
Martin W's picture

Slovenia is in the south

Wed, 06/27/2012 - 16:24 | 2566255 Pchelar
Pchelar's picture

Except Serbia isn't part of the EU, so they might have the last laugh in the end.  Plus 20 years of being in the economic toilet might give them a leg up when the rest of Europe falls apart...

Wed, 06/27/2012 - 13:21 | 2565507 LouisDega
LouisDega's picture

Here, here...Im highly offended. I love Pringles. Are you calling me a monkey?

Wed, 06/27/2012 - 13:24 | 2565508 Chump
Chump's picture


Way OT

Wed, 06/27/2012 - 13:28 | 2565526 Chippewa Partners
Chippewa Partners's picture

They didnt' make enough THINGAMAJIGS!  Pass the vodka.

Wed, 06/27/2012 - 13:28 | 2565527 hugovanderbubble
hugovanderbubble's picture

More PIIGS now in Eastern Europe¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡


Wed, 06/27/2012 - 13:43 | 2565596 LongSoupLine
LongSoupLine's picture


Wed, 06/27/2012 - 13:31 | 2565543 Sgt. Oddball
Sgt. Oddball's picture

Hopefully they call up Putin to realign with Russia again and go back to the Yugoslav Dinar.  Sure would be nice to take my stockpile out of the collectors case and get some use out of them next time I go back.  Pretty impressive that it only took 5 years in the EU for the bankers to impoverish that country.

Wed, 06/27/2012 - 14:51 | 2565897 Winston of Oceania
Winston of Oceania's picture

Don't even get me started on how we've fubar'd up that little corner of the world. Made mortal enemies of the Serbs for no good reason at all, there is an example of the Gub'ment favoring Islam over Orthodox Christianity and we don't even live there.

Wed, 06/27/2012 - 13:31 | 2565544 sabra1
sabra1's picture

soon to be known as Slavenia!

Wed, 06/27/2012 - 13:34 | 2565555 Mongo
Mongo's picture

Well at least the monkey doesn't eat bananas?...

Wed, 06/27/2012 - 13:36 | 2565557 lotusblue
lotusblue's picture

Tyler,your headline made me laugh outloud.

It all seems to be reaching a cresendo

Wed, 06/27/2012 - 13:53 | 2565600 slewie the pi-rat
slewie the pi-rat's picture

slovenia joined NAT0 in 2004

in possibly-related news:

Pro-Syrian Government TV Station Attacked; Seven Killed
Hours after President Bashar al-Assad of Syria said that his country was in  “a real state of war”, and as US intelligence officials predicted a long, drawn-out struggle, state media Sana said that gunmen attacked Syrian pro-government TV channel, Ikhbariya south of Damascus killing seven people, including journalists and security guards died in the attack.
[last night there was a blogger on zH who linked to a story re: british specialForces operations inside syria;  but i did not investigate the story; when the first plane was shot down, the first thing i tried to get out here on zH was that syria was already in a state of war] when us intel predicts a struggle you can bet they are heading for the peace table.  isn't this just fuking wonderful?  i think the archduke gets it next here, donchew? reports of NAT0 death squads operating in syria?  priceless!  oops! my bad folks, i apologiZe, ok?                                                >--> this wasn't NAT0!  this was "gunmen"!  L0L!!!
Wed, 06/27/2012 - 13:48 | 2565610 Bam_Man
Bam_Man's picture

As they say on the Euro-Bust & Bailout Tour, "If it's July, this must be Slovenia."

Wed, 06/27/2012 - 14:06 | 2565686 ZaphodBeeblebrox
ZaphodBeeblebrox's picture

I know this is not a Q&A forum but I would appreciate any thoughts/commentary on Poland's prospects.

Wed, 06/27/2012 - 14:13 | 2565695 Glasnost
Glasnost's picture

In this case history is repeating itself(not rhyming).  Europe didn't learn its lesson with the Latin Monetary Union so it has to learn it all over again with the Euro.


'Cept this time we'll get global negative growth.

Wed, 06/27/2012 - 14:46 | 2565873 Winston of Oceania
Winston of Oceania's picture

Oh there will be busted teeth and blood the whole world over before this is through in addition to negative growth.

Wed, 06/27/2012 - 14:12 | 2565710 DelusionalGrandeur
DelusionalGrandeur's picture

Ctrl-alt-del stronzi! Fai adesso che l'unico soluzione. E doppo mettiti il pezzo de piombo e auto spada. F'ai il mondo una grandississimo piacere. Va fancoulo tuo gioci con fucking pezzi di carta.

Wed, 06/27/2012 - 14:42 | 2565862 Bam_Man
Bam_Man's picture

Che era una bella concione, ma poche persone qui parlano Italiano!

Thu, 06/28/2012 - 04:20 | 2567551 Ar-Pharazôn
Ar-Pharazôn's picture

sono di madrelingua italiana e non si capisce un cazzo di quello che avete scritto.

riprova in inglese :P

Wed, 06/27/2012 - 14:36 | 2565831 shovelhead
shovelhead's picture

Yo dawg, gimmee sumdat EBT from dat ECB.

Wed, 06/27/2012 - 14:47 | 2565884 Bastiat009
Bastiat009's picture

Oh shit, that will bring gold further down since the fall of the European banking system is bearish for gold.

Wed, 06/27/2012 - 15:06 | 2565947 miltiadis
miltiadis's picture

"Because once you pop, you can't stop." !!!!! Genius

Wed, 06/27/2012 - 15:59 | 2566155 mendigo
mendigo's picture

Did he say that if his own goverment does shape-up then he will be forced to requst a bailout.
Wait til Merkle gets here - she eats children who budget poorly!

Wed, 06/27/2012 - 16:04 | 2566181 mendigo
mendigo's picture


Oh no, there goes the Euro...go go godzirra!
You have the guidance from GS which may become reality, but you have the Fed which is reality.

Wed, 06/27/2012 - 17:03 | 2566413 Spurs
Spurs's picture

Well, here is a country that must be saved by Germans no matter what. Slovenians were the first in 1991 to stab Yugoslavia in the back and along the way killed 47 Yu solders who were under strict orders not to shoot back. Some were murdered under the white flag as documented by Austrian TV.
For their role in destruction of Yugoslavia and thus helping Germany build New Empire, they were rewarded by instant recognition as an independent country. Obedient clients such as Slovenia and Croatia (remember WWI, WWII?) are never thrown under the bus.



Wed, 06/27/2012 - 17:15 | 2566450 Clampit
Clampit's picture

Dr. Nash may have been the first person to really, fully comprehend the absurdity of national soverenty, economic policy, and central banking on a global scale. His lecture on "Ideal Money" covers all the usual ZH topics.

Wed, 06/27/2012 - 18:40 | 2566693 aswoboda
aswoboda's picture

stick to the facts: here's nothing about a bailout next month - if no action is taken, they may require a bailout

I appreciate your blog, but this post is only generating panic in vain

Wed, 06/27/2012 - 22:44 | 2567206 genr8n
genr8n's picture

Euthanasia refers to the practice of intentionally ending a life in order to relieve pain and suffering. 

What we have here is Euronasia!

Thu, 06/28/2012 - 05:31 | 2567583 Munkey
Munkey's picture

Soros was complaining about Germany not doing enough to save his wealth...I mean the European Union. Maybe he could throw in some of his own money since he's so passionate about it. Just sayin.

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