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Athens Burning As Police Runs Out Of Tear Gas

Tyler Durden's picture





 

Tonight's protest in Athens has all the makings of the vintage ones from May of 2010, and the nigh is still young. Here are some updates:

  • FTW: Public order minister resigns in Greece as fires burn - BBC 
  • Rioting spreads across central Athens, at least 5 buildings set ablaze - AP 
  • 2:02PM EST: FIRES ARE BURNING SEVERAL SMALL BUSINESSES AROUND ATHENS AS PROTESTERS CLASH WITH POLICE NEAR GREEK PARLIAMENT
  • 1:52 PM EST: POLICE ARE CLEARING PROTESTERS FROM OUT IN FRONT OF GREEK PARLIAMENT BUILDING
  • 1:50 PM EST: ATMS ARE REPORTEDLY EMPTY AROUND ATHENS... STILL UNCONFIRMED WORKING TO CONFIRM THIS 
  • 1:48 PM EST: LARGE FIRES ARE REPORTED AROUND ATHENS... INCLUDING A BRANCH OF EUROBANK AND STARBUCKS
  • Skai TV reports that police have run out of tear gas & have asked for more supplies to be brought

As a reminder, the final vote is not until midnight.

Picture

courtesy of ChaosTrading

AthensNews' Live blog has all the latest action:

23:35 Health ministry says 54 people have been brought to hospital, according to Skai TV.
 
23:12 New Democracy leader Antonis Samaras condemns rioting. Says Athens is witnessing scenes it should avoid. Calls for more patriotism.
 
23:11 Radical Left Coalition (Syriza) leader Alexis Tsipras: 500,000 people protested. Police attacked protesters but didn't stop arson. Claims rioters are "parastate" elements.
 
23:07 Skai TV reports that 35 citizens have been hospitalised.
 
23:04 Democratic Left leader Fotis Kouvelis says that opposition to the measures is legitimate, but destroying Athens is not.
 
22:47 Athens mayor Yiorgos Kaminis is speaking on Skai TV. He says that people tried to occupy the city hall, but this was stopped.
 
22:34 Papandreou has finished his speech. In it, he repeated a recent argument that this is a struggle between the markets and the people. [AN comment: Lend that we may be free?]
 
NET TV is reporting that there are ten buildings on fire in the city centre.
 
22:23 Pasok leader and former prime minister George Papandreou has been speaking for the last 20 minutes or so. What's he being saying? (via Diane Shugart (@dianalizia) on Twitter).
 
He says Greece needs Mikis Theodorakis' songs and Manolis Glezos' courage, but it needs to wage the right battle. Talks about his father and grandfather and the heritage that's in the surname. Admits that he has made mistakes, "like any man", but that Greece needs to build a state.
 
22:10 A Reuters wire reports:
 
"on the streets many businesses were ablaze, including the neo-classical home to the Attikon cinema dating from 1870 and a building housing the Asty, an underground cinema used by the Gestapo during World War Two as a torture chamber."
 
22:00 New Democracy leader Antonis Samaras has said that Greece must stay in the eurozone to take advantage of the Eurobonds, which he expects to come soon.
 
21:55 Karatzaferis has left the parliamentary chamber, followed by all his MPs but two: former transport minister Makis Voridis and shipping minister Adonis Georgiadis. The pair, who resigned from the government on Friday, have said they may vote for the measures.
 
21:46 Back to the parliament: Popular Orthodox Rally (Laos) leader Yiorgos Karatzaferis has said that his party will vote No.
 
21:42 Pasok MP Spyros Kouvelis has declared he will sit as an independent.
 
21:40 More than twelve buildings on fire on Stadiou and Aeolou streets. 
 
21:31 Alexis Tsipras, leader of the Radical Left Coaltion (Syriza), has said that a collapsing political system and a government with no popular mandate cannot negotiate on the country's behalf.
21:05 More buildings are on fire on Stadiou St, including Kosta Boda and Attikon cinema. Footage shows a huge blaze behind Stadiou St.
 
Police are reporting that 40 officers have been injured, two seriously.
 
20:55 Skai TV reports that police have run out of tear gas & have asked for more supplies to be brought.
 
20:52 A video has been uploaded to YouTube purporting to show how the riot police started firing tear gas into the mass of demonstrators who had assembled in front of parliament this afternoon.

20:38 Louka Katseli, a former Pasok minister, has said she will vote "no" because the austerity measures cannot get the country out of this recession.
 
20:22 A branch of Starbucks and Eurobank are on fire on Korai Square, off Panepistimiou St.
 
20:18 FinMin Venizelos has been speaking for the last 15 minutes so. He says that the country produces nothing and that is its main problem. He adds that conspiracy theories about foreigners are very convinient but don't change anything.
 
20:00 Six Pasok MPs - including former minister Haris Kastianidis - have said they will not vote in tonight's division. They announced their intention in a letter to the parliamentary speaker.
 
They six are among the 20 or so Pasok MPs who are against the agreement. By not attending, they can avoid casting a "no" vote.
 
19:41 Papariga also says: "We dont want a saved Greece with a bankrupt people." Adds that crisis is inevitable in capitalist system, which is based on profit and greed. Only the KKE has the solution.
 
19:35 The metro workers' union leader says that the metro stations were closed because police did not want the people to get to Syntagma. he says that the metro workers see no reason for the shut downs.
 
19:32 Manolis Glezos, the WWII resistance hero who was earlier hit by tear gas, can now be seen sitting in the parliamentary chamber, to the left of the speaker.
 
19:24 Communist Party (KKE) leader Aleka Papariga now speaking. Again, asks why ruling parties say a civil war will result if the measures are not passed.
 
19:19 Theodorakis has just spoken to the press inside parliament. He said "the people will win" just as they did against the Nazis and the junta.
 
19:10 Also caught up in this afternoon's tear gas was composer Mikis Theodorakis, 86. A spokeswoman from his office has told Real FM radio that police fired tear gas just as Theodorakis was about to speak to the crowd on Syntagma. She described the unprovoked attack as an "attempt to kill him" and says the police deliberately targetted him.
 
19:03 Four metro stations are now shut, with trains passing through without stopping: Syntagma, Evangelismos, Panepistimio and Acropolis.
 
18:51 Back to parliament. Independent MP Evangelos Papachristos says that parliament is being asked to vote on a document that contains gaps marked XX where figures should be. He asks colleagues are they sure they know what they're voting for. Only a handful of MPs in the chamber (via Diane Shugart (@dianalizia) on Twitter).
 
18.48 Eyewitnesses on Twitter are reporting that PAME, the Communist Party-affiliated trade union, is marching from Omonia to Syntagma, which they are determined to fill. 
 
18:43 It's being reported that tear gas has been fired on Mitropoleos St, as far down as the Orthodox Cathedral.
 
18:40 Reuters says that today's demonstrations were the biggest in recent months: "The crowd of tens of thousands was the biggest in months of demonstrations against the spending cuts." 
 
18:38 There is extensive rioting on Syntagma now, with police and rioters chasing each other around the square. A reporter observing the scene from a nearby hotel balcony says its the worst rioting he's seen in a long time.
 
18:23 Back to some politics: it's being reported that actress Anna Vagena, who replaced a Pasok MP who resigned yesterday, will vote against the agreement. Vangena was one of three new MPs sworn in to parliament today.
 
18:20 Groups of riot police are now at the lower end of Syntagma Square, near Ermou Street. Smoke can be seen coming from a kiosk, which was apparently hit by a smoke grenade.
 
Large crowds are still on the square and in the surrounding streets.
 
18:05 Second World War-resistance hero Manolis Glezos has made a statement from Syntagma.
 
"Is it possible to impose these measures by using tear gas ... These measures don't have the vote of the Greek people."
 
Glezos was wearing a surgical mask and seemed to be suffering from tear-gas inhalation.
 
18:01 Petrol bombs have been thrown on the street in front of the Hotel GB.
 
17:53 Live video feeds show black-clad and masked youths firing missiles at riot police at the main ramp entrance into parliament, where the Eleftherious Venizelos statue is.
 
The junction at the corner of the Hotel Grande Bretagne has cleared of people and clouds of tear gas can be seen wafting at the top of the square.
 
17:44 There are reports from Syntagma of protesters firing missiles at police and the police firing tear gas into the crowd 
 
17:42 What is the situation in the two coalition parties, where a large number of MPs have threatened to vote against the austerity measures and defy their party leaders?
 
It's expected that up to 20 Pasok MPs will not vote for the new memorandum, including former ministers Haris Kastanidis and Louka Katseli. One of the theories circulating is that this group of rebels could form a new party, which might be an option if they are expelled for voting 'no'. 
 
In New Democracy, the number of potential rebels is put at about 13.
 
17:27 Athens-resident Simon Rackham also tweets that the areas around Acropolis and Monastiraki metro stations is also full of people.
 
Today, demonstrators are unable to travel directly to Syntagma metro station, as it was shut this morning by order of the police.
 
17:18 We've added another live feed at the foot of this article, this time provided by StopCartel TV GR, which provides political commentary in English and Greek.
 
17:10 Northaura has just tweeted: "My #syntagma experience tells me that this is going to be largest demo ever #12fgr #Greece". He says others estimate the numbers of demonstrators at 25,000 and more "coming all the time".
 
17:05 Stadiou, one of the major thoroughfares leading off Syntagma, is reportedly full of people.
 
17:03 The main Syntagma demonstration is scheduled to begin now, but thousands have already assembled on the square. A line of riot police have formed a cordon across the area in front of the Tomb of the Unknown Solider.
 
16:55 If you want to follow the parliamentary debate in detail, then follow Diane Shugart (@dianalizia)
on Twitter. Diane used to work at the Athens News and her tweets are always informative.
 
16:50 And what's the situation on the ground? People on Twitter are reporting that several thousand demonstrators have gathered on Syntagma Square for this evening's protest. One puts the number at 3,000.
 
One of the banner being help up reads "The traitors to Goudi". It refers to the Trial of the Six, when six leading politicians and generals were tried for the 1922 Asia Minor Catastrophe and executed.
 
16:42 Of course, this is a crucial vote for Greece. How is it being covered on television? 
 
At the moment, only one - ET1 - of the major TV channels is broadcasting it live. A smaller channel, Vouli TV, is also carrying it. The other channels are running their advertised schedule, which include programmes like Sunday in the village, a documentary about gambling, a film called Fools rush in, Holidays in the Danger Zone (documentary), American Idol and soap operas Litsa.com and Friends.
 
Gambling, Fools rush in and Holidays in the Danger Zone! What a coincidence!
 
16:34 A vote on the constitutionality of the vote has been lost. About 30 MPs, almost all from leftwing parties, voted that it was but were outnumberd.
 
16:29 What's been happening in the debate so far. MPs from the Left are questioning why the vote has to be held at midnight. Venizelos: "because come Monday morning, banking and financial markets must get the message that Greece can and will survive."
 
The leader of the Popular Orthodox Rally (Laos) called for immediate elections a short time ago.
 
16:15 And we found a live streaming video from Syntagma. It's provided by Zougla.gr and it's available at the foot of this page.
 
15:47 We're trying to find a live streaming video from Syntagma. A group called Live Cartel TV will have one from 5pm, but at the moment it's showing old footage from previous demonstrations and riots from the square. Not everyone on Twitter seems to have understood that, so thousands now believe that there's a mass riot underway on the square!
 
15:30 There's small break in debate as a new MP is sworn in - by an Orthodox priest - to replace a Pasok MP who resigned on Friday.
 
15:23 If you want to get a sense of the tensions in parliament, then check out this scene from last (Saturday) night's debate in the parliament's finance committee on the bailout deal. It shows Finance Minister Evangelos Venizelos lash out at a Radical Left Coalition MP, Panayiotis Lafazanis, accusing him of having nothing to contribute to Greek society.
A knowledge of Greek is not required: the shouting and table thumbing suffice:

 

 


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Sun, 02/12/2012 - 15:21 | Link to Comment Tom Green Swedish
Tom Green Swedish's picture

Its our future.

Sun, 02/12/2012 - 15:32 | Link to Comment SGS
SGS's picture

if only America could wake up out of the HAARP induced trance and follow the path of Greece, your minds, homes, and liberties will be set free once a gain.  Until then, keep bringing your cow bells and signs, that will get you somewhere.  Spring is around the corner, will you actually take back your lives this time or sit around and let Jamie and Shalom put it in your ass over and over and over and over and over and over again?

You will have nothing to lose anyway, the dollar is going to zero.

Sun, 02/12/2012 - 15:56 | Link to Comment ohhhhhbaaaaahhh...
ohhhhhbaaaaahhhhhhhhhmaaaaaahhhhh's picture

Gold standard for Greece. 

Sun, 02/12/2012 - 16:04 | Link to Comment Silver Bug
Silver Bug's picture

Just join the people police. You are being affected by this nonsense as well!

 

http://davidmorganblog.blogspot.com/

Sun, 02/12/2012 - 16:36 | Link to Comment iDealMeat
iDealMeat's picture

The rEVOLution  will NOT be televised..

 

Sun, 02/12/2012 - 17:20 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

until some TV building gets occupied...

Sun, 02/12/2012 - 18:06 | Link to Comment Richard Chesler
Richard Chesler's picture

Burn it all down. Save the lamp posts for the banksters and their political lackeys.

Sun, 02/12/2012 - 18:24 | Link to Comment nmewn
nmewn's picture

Shouldn't the riot police be speaking Dutch or German? And what's up with all the riot gear? Everyone knows the real bad guys wear suits & ties.

The world's gone crazy I tell ya ;-)

Sun, 02/12/2012 - 18:27 | Link to Comment JPM Hater001
JPM Hater001's picture

I thought burning the bank branch was a little over the top.  Starbucks had it coming - caffinated bitchez...

Mon, 02/13/2012 - 07:39 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Nothing is over the top when you run out of tear gas.....I mean......WTF.....I thought tear gas was an entitlement. How can you possibly run out of that?

 

 

Sun, 02/12/2012 - 18:11 | Link to Comment vast-dom
vast-dom's picture

have this sick to my stomach feeling that these riots and the immanent Greek default will somehow be spun as bullish for EU and Wall St.....

Sun, 02/12/2012 - 18:24 | Link to Comment Schmuck Raker
Schmuck Raker's picture

EUR opens up, prior to THE VOTE

Barf away...

Sun, 02/12/2012 - 18:45 | Link to Comment vast-dom
vast-dom's picture

haven't stopped in long while ;)

Mon, 02/13/2012 - 01:42 | Link to Comment InvalidID
InvalidID's picture

 

 Of course not, they burned the fucking studio down...

Sun, 02/12/2012 - 15:39 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Nothing will change in Greece or Europe until bullets start entering skulls.

That may be an easier threshold to cross in the US because of so many more guns.

The Greeks are going to watch their Parliament pass this vote tonight, and then watch as elections are forbidden for X years to ensure a new parliament doesn't undo the vote.

Sun, 02/12/2012 - 15:44 | Link to Comment Michael
Michael's picture

The amount of the Greek Grant package has gone up from E130 to E210 huh?

As long as this doesn't add to the the amount the Greek people have to pay back, everything should be fine.

Burn the whole fucking parliament building to the ground. Then maybe the NWO media will take notice.

Go long Molotov cocktails.

Sun, 02/12/2012 - 17:10 | Link to Comment XitSam
XitSam's picture

Notice? They already noticed, they are going to have Big Sis protect the global supply chain.

Where do I sign up for the resistance?

Sun, 02/12/2012 - 16:42 | Link to Comment brettd
brettd's picture

Just out of curiosity,

who are the targets?

Once they're dead...then what?

Sun, 02/12/2012 - 17:58 | Link to Comment A Lunatic
A Lunatic's picture

Go Troll somewhere else.

Sun, 02/12/2012 - 15:53 | Link to Comment Atomizer
Atomizer's picture

 Its our future.

Beg to differ.

http://www.libertygunrights.com/documents.html

Sun, 02/12/2012 - 16:30 | Link to Comment Michael
Michael's picture

Always bring a gun to a gun fight.

I'm really glad Americans have 400 million of them. Massive police abuse won't last very long in our country.

Sun, 02/12/2012 - 16:39 | Link to Comment Canucklehead
Canucklehead's picture

The police are there to stop the silent majority from shooting stupid protesters...

Look at Greece.  What will this get them?

Would you invest in Greece's future?  Would you want one of these hammerheads as a refugee neighbour of yours, supported by your tax dollar?

Sun, 02/12/2012 - 16:42 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Your approach is slavery forever with thousands of deaths over decades.

Upheaval kills a few hundred and ends slavery now.

Sun, 02/12/2012 - 22:10 | Link to Comment Canucklehead
Canucklehead's picture

I think Katy Perry wants to see your peacock.  ...Move aside Tim Tebow...

Sun, 02/12/2012 - 16:46 | Link to Comment Michael
Michael's picture

When so many mechanisms to pillage the people have been put in place, it becomes impossible for the people to make a decent living for themselves.

The Greek's need zero debt to get their economy back on track. The Greek people don't need anymore debt. They just need to invest in themselves just like Iceland did.

 

Mon, 02/13/2012 - 07:43 | Link to Comment Ghordius
Ghordius's picture

Michael, don't forget that Iceland only refused to bail out their banks (the way Ireland did). Big kudos for that, though. They still have their national debt.

Sun, 02/12/2012 - 17:20 | Link to Comment GeorgeHayduke
GeorgeHayduke's picture

I always love this "Silent Majority" crap. Isn't the Silent Majority the sheep with their head buried so deep up their own ass that they cannot begin to see how they've been screwed by their "leaders", both public and private?

I seriously doubt the Silent Majority of sheep will show up at the protest to shoot protesters. That would require them getting their obese fat ass up off the couch. This so-called Silent Majority will follow whomever pulls their nose-ring, as long as they can follow the path of least resistance. They don't think, they follow. Don't count on them to do any damned thing until they realize the banksters have walked away with everything. Then we can count on the Silent Majority mob to take their anger out on the wrong people. The owners play this crowd like a fiddle.

Sun, 02/12/2012 - 22:09 | Link to Comment Canucklehead
Canucklehead's picture

This is all about property rights.

...I seriously doubt the Silent Majority of sheep will show up at the protest to shoot protesters...  Just go the anarchy route and find out.  The problem with the internet is it mimics the real world... the internet is not the real world.  I come from a rural background and if anarchy takes over, any non-residents in a rural area will likely be accosted to minimize the zero sum property rights game.  I expect the same thing will happen in city neighbourhoods.

I understand you think along the lines of the collective and collective rights.  You should think along the lines of a combine.  There is the swath and it's your job to separate the wheat from the chaff.  Everything goes in the front end and the rub bars do their thing.

It's a zero sum game.  Don't forget that.  If you don't have a dog in the hunt, I don't expect to see you hunting...

Sun, 02/12/2012 - 19:15 | Link to Comment NuckingFuts
NuckingFuts's picture

"stupid protesters"............  You sir are ignorant of what is going on around you.  Perhaps the "the stupid protesters"  fighting the revolutionary war should have just stayed home "Look at Greece.  What will it get them?"

Sun, 02/12/2012 - 22:13 | Link to Comment Canucklehead
Canucklehead's picture

Every week from now, around this time of day, ask yourself that same question... Look at Greece, What did it get them?

Document the trend.

You should remember that Greece is the most corrupt country in Europe that does not count.  If they could count they would not have missed their budgets by such a large amount.

Sun, 02/12/2012 - 17:54 | Link to Comment john39
john39's picture

the problem there is that most in America with guns have no clue who the enemy is...  they are all geared up for an invasion by satanic Muslims who are apparently lurking in every shadow.   that emanuel goldstein is crafty indeed.  /s

Sun, 02/12/2012 - 22:15 | Link to Comment Canucklehead
Canucklehead's picture

If you need to use a gun on a Muslim, odds are he/she is Satanic.

It's human nature to sit in judgement.  Develop that skill wisely as it is a God given right.

Sun, 02/12/2012 - 18:49 | Link to Comment vast-dom
vast-dom's picture

and it's nice to own guns when racists like yourself start shooting kikes and niggers and chinks. hey mikey go die somewhere else, maybe even use one of them 400 mill guns to off yourself, eh?

Sun, 02/12/2012 - 22:16 | Link to Comment Canucklehead
Canucklehead's picture

What is a racist? Can you explain that to me?

Sun, 02/12/2012 - 17:16 | Link to Comment fightthepower
fightthepower's picture

Burn baby burn. Fuck you Bernanke, BTW!

Sun, 02/12/2012 - 19:11 | Link to Comment francis_sawyer
francis_sawyer's picture

Its our future.

& we'll cry if we want to...

Sun, 02/12/2012 - 22:47 | Link to Comment patience...
patience...'s picture

You know things are tough when a Starbucks is torched.

Sun, 02/12/2012 - 15:22 | Link to Comment toxic8
Sun, 02/12/2012 - 15:22 | Link to Comment Squishi
Squishi's picture

the fat guy forgot his lunchbox. 

Sun, 02/12/2012 - 15:22 | Link to Comment Conrad Murray
Conrad Murray's picture

Lead the way Greece. What an excellent year this is going to be.

Sun, 02/12/2012 - 15:26 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Don't pay too much attention. Syria is going apeshit in true fashion hence the no coverage.

http://www.youtube.com/watch?v=U4-e0mcslqk

Sun, 02/12/2012 - 15:36 | Link to Comment Conrad Murray
Conrad Murray's picture

Wesley Clark 7 Countries. Al-CIAduh?

Sun, 02/12/2012 - 15:57 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Why you always have to one-up me?

Sun, 02/12/2012 - 15:23 | Link to Comment It is a bargin ...
It is a bargin my friend's picture

Thats a definate shit storm I see in the distance

Sun, 02/12/2012 - 15:24 | Link to Comment Squishi
Squishi's picture

if the fat guy explodes 

shit storm it is!

Sun, 02/12/2012 - 15:24 | Link to Comment bugs_
bugs_'s picture

moar expired tear gas stat!

i'm sorry sir your credit limit at Ace Riot Supply is maxed

Sun, 02/12/2012 - 18:28 | Link to Comment nmewn
nmewn's picture

First they run out of ink, then credit. Ain't that always the way.

Sun, 02/12/2012 - 15:23 | Link to Comment ekm
ekm's picture

Check my previous posts.

ONLY CHAOS in Greece will make Merkel justify greek default and nationalization of few german banks. Greek citizens seem to have understood that.

Out of all news, the only one really important is ATMs out of cash. Same as Mexico and Argentina just one day before the default. If confirmed or if ATMs will continue one day longer to be out of cash, we have default by Monday or Tuesday.

Final score:

Greece 1

Banks 0

Screw the banks.

Sun, 02/12/2012 - 15:27 | Link to Comment I am Jobe
I am Jobe's picture

And in the USSA, as long as IPHONES, IPADS and Waffle Irons are available the masses are happy as ever can be. Ready to be raped by the Banksters and the Govt. It is different this time, America the and of pussies and truly pussies.

Sun, 02/12/2012 - 15:30 | Link to Comment ekm
ekm's picture

Just wait a little bit longer. Once Greece defaults, we'll have a quite bigger Lehman.

Sun, 02/12/2012 - 15:28 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

The country is going to descend into such chaos that even the bailout will not prevent a default. "Times are hard and just getting harder...." -SRV

Mon, 02/13/2012 - 07:34 | Link to Comment nicxios
nicxios's picture

Got a call from friend in Athens confirming it this morning(Athens time). However, the bank told him to come back in 2 hours.

Sun, 02/12/2012 - 15:24 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

'1:48 PM EST: LARGE FIRES ARE REPORTED AROUND ATHENS... INCLUDING A BRANCH OF EUROBANK AND STARBUCKS'

Hmm... weird, that would never happen to a Costa Coffee. So short SBUX?

Meanwhile, that tear gas where does come from? *smirk*

Sun, 02/12/2012 - 15:25 | Link to Comment ekm
ekm's picture

Go Greece.

Fuck the banks.

Sun, 02/12/2012 - 15:27 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

I thought you were Albanian?

Sun, 02/12/2012 - 15:29 | Link to Comment ekm
ekm's picture

I am and you have a good point. But if Greece goes, so goes Albania.

Sun, 02/12/2012 - 15:32 | Link to Comment ekm
ekm's picture

I live comfortably in Toronto, but there are about 800,000 albanians there that if Greece goes into poverty, God knows what happens.

1. They all come back to Albania and the current resident population will jump from 2.8 mil to 3.6 mil - not a great idea.

2. They all go to Germany - unknown consequences.

Sun, 02/12/2012 - 15:38 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Wait a second... so you're willing to put aside literally decades of tribal clashes in order to cheer against the banks? The world is really changing, I owe Obama an apology...

Sun, 02/12/2012 - 15:40 | Link to Comment ekm
ekm's picture

I have to accept it, you are correct. It's really hard for me, but it just makes sense economically.

Kudos to you to understand that.

Sun, 02/12/2012 - 15:55 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Albanians + Greeks = Empire in its death throes. Simple enough. Enjoy your hockey or bacon and Mouse hunting or... whatever the locals engage in in Canuckistan ;)

Sun, 02/12/2012 - 15:57 | Link to Comment ekm
ekm's picture

I dislike hockey. I'm addicted to soccer.

Sun, 02/12/2012 - 16:13 | Link to Comment ekm
ekm's picture

Die hard Juventus fan.

Sun, 02/12/2012 - 16:11 | Link to Comment ekm
ekm's picture

I am not insulted. Keep entering feedback. That's why I love ZH. Nothing gets censured.

Thx for all comments.

Sun, 02/12/2012 - 16:15 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Wasn't meant to insult, you Canalbanian. I dislike Greeks and Albanians equally yet still better than bankers and least of all... Canadians. How's that?

Sun, 02/12/2012 - 16:17 | Link to Comment ekm
ekm's picture

Keep it up!

Sun, 02/12/2012 - 16:21 | Link to Comment ekm
ekm's picture

I'm out temporarily. Time to go to the gym for a good hour of cardio.

Sun, 02/12/2012 - 16:42 | Link to Comment Canucklehead
Canucklehead's picture

... and this is important because...

Sun, 02/12/2012 - 18:25 | Link to Comment ekm
ekm's picture

After 40 min of cardio, the answer is:

Because in an debate I can't just get up and leave. I apologize first and then I go to the restroom.

Sun, 02/12/2012 - 18:39 | Link to Comment ForTheWorld
ForTheWorld's picture

...because it would be classed as rude if you're conversing with someone and they just disappear. Imagine you're having this conversation face to face, and he just walked off without reason. You'd find that rude, right?

Sun, 02/12/2012 - 20:01 | Link to Comment Dave Thomas
Dave Thomas's picture

I'm going out to get some beer and pork rinds.

Wait what were we talking about?

Sun, 02/12/2012 - 20:07 | Link to Comment ekm
ekm's picture

Pornwar

Mon, 02/13/2012 - 10:03 | Link to Comment Canucklehead
Canucklehead's picture

Go back and read your comments.  Don't you see how light and trivial you sound?

Sun, 02/12/2012 - 16:58 | Link to Comment XitSam
XitSam's picture

Nothing gets censured except by Tyler when someone mentions the site whose name shall not be mentioned.

Sun, 02/12/2012 - 18:26 | Link to Comment ekm
ekm's picture

Give me a hint. Which one?

Sun, 02/12/2012 - 16:21 | Link to Comment Global Hunter
Global Hunter's picture

we have pure bred and highly trained mouse hunting cats in canada

Sun, 02/12/2012 - 18:28 | Link to Comment ekm
ekm's picture

The black ones or the red ones? Like Liverpool FC color?

Mon, 02/13/2012 - 18:17 | Link to Comment toxic8
toxic8's picture

eyyyyyyy Shqipe whats going on cuzzo??

Sun, 02/12/2012 - 15:25 | Link to Comment I am Jobe
I am Jobe's picture

Wow Wee. They just don;t have the DHS to coordiante all of this. NWO, NWO, NWO.

Sun, 02/12/2012 - 15:31 | Link to Comment IQ 101
IQ 101's picture

It looks like the revolution will be televised after all.

Sun, 02/12/2012 - 15:38 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Whitney Houston

Sun, 02/12/2012 - 17:32 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

Whitney Who...ston?

Sun, 02/12/2012 - 20:32 | Link to Comment Race Car Driver
Race Car Driver's picture

She's dead, Jim.

Sun, 02/12/2012 - 17:45 | Link to Comment thecoloredsky
thecoloredsky's picture

priced in!

Sun, 02/12/2012 - 15:50 | Link to Comment Clueless Economist
Clueless Economist's picture

It looks like the revolution will be televised after all.

RIH - Rot In Hell Gil Scott-Heron...racist piece of shit

Sun, 02/12/2012 - 15:28 | Link to Comment hungarianboy
hungarianboy's picture

The Greek should work instead of ruining things and striking. Stupid!

ANyway, Greece should be kicked out the EU and let ehir Drachma return so we can short it. then they know what shit really is. Bunch of whiners over there. I mean come on stupid greeks. A railworked getting 7000 Euro's per month +500 for hygene costs is just pathetic. I have ABSOLUTELEY no sorry for the greeks. NONE!

Tomorrow let the Euro rally.

Sun, 02/12/2012 - 16:11 | Link to Comment taraxias
taraxias's picture

Out of curiosity, did you shoot your load right after you posted that?

Sun, 02/12/2012 - 15:28 | Link to Comment YuropeanImbecille
YuropeanImbecille's picture

They need to attack the parliment building directly to achieve any kind of change, make clear to the politicians that they and their loved ones will be in grave danger if they pursue this bailout.

 

Otherwise shitnizz will stay the same.

 

In sweden they tore up the entire city of Gothemburg when G20 planned some evil shit there:

http://www.youtube.com/watch?v=pWAD47CEwdA

 

 

Sun, 02/12/2012 - 17:50 | Link to Comment fightthepower
fightthepower's picture

You are right. They need to take to their leaders, their homes and their families.

Sun, 02/12/2012 - 15:28 | Link to Comment ekm
ekm's picture

CNBC just called the protesters ANARCHISTS.

http://www.cnbc.com/id/46359697

OOOOOOOOh, OOOOOOOOOOOh, OOOOOOOOOOh.

Sun, 02/12/2012 - 15:37 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Damn slaves are acting up again!  We need to do something about this!  Call the Overseer, have him take his whip and gun!  I'll be at the country club untill this all blows over.

-Modern Day Slave Owner:  Politician/Oilgarch

Sun, 02/12/2012 - 15:46 | Link to Comment Sam Clemons
Sam Clemons's picture

The life of a debt slave is just so much better than that of an anarchist.

Mon, 02/13/2012 - 01:36 | Link to Comment StychoKiller
StychoKiller's picture

To CNBS:  Anarchy != Chaos

Sun, 02/12/2012 - 15:29 | Link to Comment Awakened Sheeple
Awakened Sheeple's picture

I am starting to think Whitney Houston dying this weekend and the Greek bailout vote/riot is no coincidence. There is ZERO coverage on the cable news channels. It all Whitney, all the time.

Sun, 02/12/2012 - 15:33 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Propaganda from the media?  No!

Sun, 02/12/2012 - 15:42 | Link to Comment Awakened Sheeple
Awakened Sheeple's picture

"And in lighter news, the cradle of democracy burned to the ground tonight..."

Sun, 02/12/2012 - 15:44 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"....but enough about that.  We will now have our fifth Whitney Houston tribute in as many hours."

Sun, 02/12/2012 - 15:58 | Link to Comment smlbizman
smlbizman's picture

and for what its worth, the judge napolitano show died {murdered} also....

Sun, 02/12/2012 - 15:32 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Broken window fallacy at work.  Krugman must be estatic.

Sun, 02/12/2012 - 15:52 | Link to Comment Clueless Economist
Clueless Economist's picture

Right you are .. I have Morning Wood...and it is the Afternoon!

Sun, 02/12/2012 - 15:56 | Link to Comment Sam Clemons
Sam Clemons's picture

Brilliant, the protestors are just trying to stimulate their economy. 

Sun, 02/12/2012 - 15:37 | Link to Comment jonjon831983
jonjon831983's picture

Turning into a joke here.  I'm actually chuckling as I follow all this.

I want to wach Walking Dead premier tonight, but instead I may be watching Greece....

terrible man.

 

Are the firefighters laid off or something?

Sun, 02/12/2012 - 15:39 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Bullish on tear gas.

Sun, 02/12/2012 - 15:39 | Link to Comment Let them eat iPads
Let them eat iPads's picture

"20:22 A branch of Starbucks and Eurobank are on fire on Korai Square, off Panepistimiou St."

 

This is the best news to come out of Greece in years.

Sun, 02/12/2012 - 15:40 | Link to Comment Greenhead
Greenhead's picture

They will riot but their "leaders" will then vote them into more bondage.

Sun, 02/12/2012 - 21:03 | Link to Comment xela2200
xela2200's picture

Based on what I learn from my experience with Argentina. Some of those "leaders" have a set of brass balls. Finance Minister in particular. Nobody wants to be ahole that has to deal with all this crap. The crafty politicians are on the sideline hiding from the spot light. They will come out when thing get half normal and point fingers at each other. The true leaders, a la Ron Paul, are yelling and pounding tables trying to get things done whether right or wrong.

Sun, 02/12/2012 - 15:40 | Link to Comment Poor Grogman
Poor Grogman's picture

The piper wants his money
What to do Greece...
If only we could just kick the can, just one more time...

Sun, 02/12/2012 - 15:41 | Link to Comment bob_dabolina
bob_dabolina's picture

Unlike two years ago, when the angry graffiti demanded that the "IMF go home" and "reject austerity" it now exhorts protesters to "murder bankers" and "rise in rebellion" and "never be slaves". The spirit of resistance shows no sign of abating.

http://www.guardian.co.uk/world/2012/feb/12/greece-cant-take-any-more?CMP=twt_gu

Sun, 02/12/2012 - 18:40 | Link to Comment Bob
Bob's picture

Too bad your vote counter was frozen! 

I suspect you woulda got a buncha votes . . .

Sun, 02/12/2012 - 15:41 | Link to Comment qussl3
qussl3's picture

ECB recap time.

Was the only way out, make the ECB or EFSF the bad bank and stick it to the Germans, the French cant pay.

Germans are too damn productive and responsible for their own good.

If there is one certainty in this world it's that the godamn grasshoppers ALWAYS find worker ants to sponge off.

 

 

Sun, 02/12/2012 - 15:41 | Link to Comment DarkStarDog
DarkStarDog's picture

Say what... Whitney is dead? OMFG!

Sun, 02/12/2012 - 16:07 | Link to Comment prains
prains's picture

I thought it was Brhitney

Sun, 02/12/2012 - 16:23 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Too bad it wasn't Mittney.

Sun, 02/12/2012 - 17:45 | Link to Comment Biosci
Biosci's picture

I still wouldn't give a shitney.

Sun, 02/12/2012 - 21:04 | Link to Comment xela2200
Sun, 02/12/2012 - 22:19 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Dead?

I thought she just looked like that.

Sun, 02/12/2012 - 15:47 | Link to Comment Great Depressio...
Great Depression Trader's picture

As a Greek I am proud of my people as they brave the tear gas and rubber bullets. Fuck their shit up. Burn that parliament building to the ground so the rest of the "developed" world can grow a pair and follow suit against their own oligarchies. 

Sun, 02/12/2012 - 15:55 | Link to Comment grid-b-gone
grid-b-gone's picture

Icelanders accomplished the intended end result without taking rubber bullets. Theirs is the action to emulate. 

Let those who malinvested take the hit, not the people.

Sun, 02/12/2012 - 16:03 | Link to Comment Great Depressio...
Great Depression Trader's picture

Greek politicians are cowards and traitors. Its only a matter of time until some of them start getting fucked up. 

Just spoke to my cousin who lives 1 mile from Syntagma square. She can hear the explosions and says "i cant take this anymore the baby is crying" 

 

No liberty without blood

Sun, 02/12/2012 - 16:49 | Link to Comment PY-129-20
PY-129-20's picture

I would be the first to applaud the Greek citizens if they take back their country. They can set an example for us all.  I hope your cousin and her baby stays safe and healthy.

Sun, 02/12/2012 - 19:03 | Link to Comment ForTheWorld
ForTheWorld's picture

All politicians are cowards and traitors.

Sun, 02/12/2012 - 18:48 | Link to Comment Bob
Bob's picture

The population of Iceland was 318,452 1 January 2011, compared with 317,630 1 January 2010

http://www.statice.is/statistics/population

Things go a lot easier on a personal level, even in riots, when it's among a limited number of people.  The Capital, where of course it all took place, has a population of only 120k.  Old school shunning, effectively focused protests that peaked at throwing eggs at politicians and banging pots and pans wherever they went was all it took. 

The modern corporate police state is an entirely different animal.  Greece is one of them. 

It's Prologue for the rest of us.

Sun, 02/12/2012 - 19:10 | Link to Comment smiler03
smiler03's picture

Bob, you're a fucking moron sent from hell to torture me aren't you?

 

The people of Iceland voted in a referendum (democracy at work) for their government TO NOT BAIL OUT THEIR BANKS.

They didn't want to take on €10000s of debt individually to BAIL OUT THE BANKERS.

Why the hell would they protest on behalf of the BANKRUPT BANKERS?

Got that?

Now piss off with all your ignorant mates.

Sun, 02/12/2012 - 19:15 | Link to Comment Bob
Bob's picture

Hello?

I understand what they did at that level and strongly support it.  For all of mankind, for that matter. 

I was speaking for the "difficult" or "unpleasant" part that makes Greece's social-political situation markedly different from Iceland in that respect.  Read the development of the thread, for crissakes. 

Congrats on being on the right side of the issue, btw. 

Sun, 02/12/2012 - 21:05 | Link to Comment xela2200
xela2200's picture

Too late, we already gave the bailouts.

Sun, 02/12/2012 - 15:49 | Link to Comment grid-b-gone
grid-b-gone's picture

It's not that they ran out of tear gas, but rather they just can't pay for the next delivery.

Sun, 02/12/2012 - 17:39 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

They need a EU loan to buy new tear gas.

Sun, 02/12/2012 - 15:50 | Link to Comment Eyes on the World
Eyes on the World's picture

Long time lurker, rarely a poster, and a wannabe hack in the game.  But I've come a conclusion that I would appreciate the board's opinion on.  Below is a snippet of my conclusion.  If you care to take the time, am I right, wrong, foolhardy, or getting there?

"The ISDA, the international body that determines whether or not Greece is in default as per the terms of the CDOs, is run by..... the largest US and European banks. The very banks that dreamt up, developed, sold and bought the CDOs and are the counter-parties for the ones they sold to cover what they bought are the same banks that decide whether Greece will default. To that end, it would seem quite logical that - in order to save their own asses AND rule the world - they would never declare Greece in default. But what does THAT do to the concept of faith in contracts? And, more importantly, this creates a scenario where the banks literally rule the world - where they can say to governments, "Either you bail us out or we'll let the CDOs trigger and blow up the whole freaking place." And who are are hanks that make up the ISDA? Check out its Board of Directors, where you'll find it's officers come from Morgan Stanley, Deutsche Bank, JPMorgan Chase, and the top three directors are from BNP Paribas, Citigroup, and Goldman Sachs.

So, as bad as it might get if the CDOs were to trigger off and cause a global depression, the banksters, with their ability to lord that scenario over the world, have EVERY interest in PREVENTING Greece from defaulting; at least as I see it, a single-use weapon is much more effective in the threat of the thing than the actual use.

Greece, and the rest of the world, now face a choice that will forever change the course of human history. 

Option 1 is to allow Greece to actually default and trigger the CDS', in which case we face the KNOWN RISK of a world-wide global depression. This means, we somewhat know what lies ahead and we may be able to avoid it.

Option 2 is we prevent Greece from defaulting and avoid triggering the CDS', in which case we continue to allow the banksters to hold the entire world hostage under the THREAT of what they MIGHT do in the future. Meaning, we continue to live day to day in fear of the UNKNOWN.

For me, I would much rather face the known on my own terms than to face the unknown on someone else's terms. But that's just me."

 

Sun, 02/12/2012 - 16:06 | Link to Comment Atomizer
Atomizer's picture

Spend time at the BIS site. Your questions will be answered. http://www.bis.org/

Sun, 02/12/2012 - 18:38 | Link to Comment ekm
ekm's picture

Atomizer

You seem trained to creep into this shit.

Could you summarize in 5 or 6 dotted sentences what BIS sheds light on?

Sun, 02/12/2012 - 17:46 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

Option 3) the people and or military take over and will force a default. At the moment, this option is certainly possible.

Option 4) Germany doesn't accept the new bill and Greece defaults

Sun, 02/12/2012 - 18:50 | Link to Comment ekm
ekm's picture

Sir,

Do you know for sure that face to face contracts use ISDA template?

I doubt it.

Sun, 02/12/2012 - 15:51 | Link to Comment williambanzai7
williambanzai7's picture

EUROPOCALYPSE (GREECE)

Sun, 02/12/2012 - 15:59 | Link to Comment Atomizer
Atomizer's picture

 

 

Those poor souls were promised free this, and free that... Only to discover they were paying for their free shit all along. Oh the irony.

Sun, 02/12/2012 - 16:12 | Link to Comment jonjon831983
jonjon831983's picture

Dude... wow.

 

Well done...

I'd buy this poster... but I might be labelled as "something"...

Sun, 02/12/2012 - 17:48 | Link to Comment trilliontroll
trilliontroll's picture
Anthem of Europe
Original lyrics
by Friedrich Schiller

Freude, schöner Götterfunken,
Tochter aus Elysium!
Wir betreten feuertrunken,
Himmlische, Dein Heiligtum.


Deine Zauber binden wieder,
Was die Mode streng geteilt,
Alle Menschen werden Brüder,
Wo Dein sanfter Flügel weilt.
---------------------------------------------
Joy, fair spark of the gods,
Daughter of Elysium,
Drunk with fiery rapture, Goddess,
We approach thy shrine!

Thy magic reunites those
Whom stern custom has parted;
All men will become brothers
Under thy gentle wing.

Sun, 02/12/2012 - 19:06 | Link to Comment Bob
Bob's picture

Brilliantly riveting, Banzai.  Thanks.

Sun, 02/12/2012 - 15:52 | Link to Comment debtor of last ...
debtor of last resort's picture

Teargas bitchez...

Sun, 02/12/2012 - 16:24 | Link to Comment ExpendableOne
ExpendableOne's picture

I'm sorry, your credit card is maxed out.  No teargaz for you.

Sun, 02/12/2012 - 15:55 | Link to Comment TradingJoe
TradingJoe's picture

They will pas the bill, Germans will say something is not "kosher" with it and boooommmmm there you have it...!

Sun, 02/12/2012 - 15:56 | Link to Comment ekm
ekm's picture

Check Zerohedge Twitter Feed.

They're translating clue points from the leader of the oposition speech right now.

Sun, 02/12/2012 - 15:58 | Link to Comment russwinter
russwinter's picture

Turkish proverb:

The dogs may bark but the caravan moves on”

Sun, 02/12/2012 - 16:03 | Link to Comment macroeconomist
macroeconomist's picture

Here's an update from a Greek friend:

 

"german police arrived yesterday...the party is about to begin. 


Supporters from all the football clubs agreed for first time in Greece to participate in the riots against the government. The government asked the help of German police as they have never experienced in the past the rage of 5000 + experienced hooligans.

Good luck...pigs"

Sun, 02/12/2012 - 16:12 | Link to Comment Use of Weapons
Use of Weapons's picture

German police arrived 2 days ago - 400 of them.

 

They're not there to do anything but a) provide propaganda opportunities to make sure there's a big show and b) get some businessmen of importance out if SHTF.

Sun, 02/12/2012 - 20:53 | Link to Comment Papasmurf
Papasmurf's picture

They will add the costs to the tab.

Sun, 02/12/2012 - 16:34 | Link to Comment IQ 101
IQ 101's picture

Does Sparta have a soccer team? do they have 300 fans/hooligans?

Anything could happen, if German police show up in Greece, grandmas will insist that the youth create a shit storm that makes todays episode look like a rowdy fiesta,

The old resentments in Europe go back generations, across many borders,

they will not erase family lore with crappy tv shows and BS media,

The games begin in earnest.

Sun, 02/12/2012 - 19:09 | Link to Comment Bob
Bob's picture

"grandmas will insist . . . "

That speaks to something special in the people--something that hasn't been bred or washed out yet.    By God, I hope you're right. 

Sun, 02/12/2012 - 17:33 | Link to Comment Coast Watcher
Coast Watcher's picture

Sweet jeezzus, if German police show up on the streets in Athens, the explosion will blow the Acropolis into Constantinople. Can't believe anyone is that stupid unless they are deliberately baiting the protestors.

Sun, 02/12/2012 - 19:23 | Link to Comment smiler03
smiler03's picture

I agree that they can't be that stupid. Can anybody imagine how Frau Merkel would explain that one away? It's a ludicrous suggestion.

Perhaps the more enlightened readers of ZH will be telling us next that unemployed African mercenaries from Libya are patrolling the streets of Athens?

Or maybe the Iceland government has sent a plane full of Anarchists to join up with their Greek bedmates.

Sun, 02/12/2012 - 17:51 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

German police....reminds me of 'Allo 'Allo :-)

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