Bank Of Russia Says Greece Has A Plan For Parallel Currency

Tyler Durden's picture




 

Someone apparerntly did not tell Russia to keep its mouth shut... That or, the sleeping bear is starting to awake and cause chaos and mischief:

  • GREECE HAS PLAN FOR PARALLEL CURRENCY, SHVETSOV SAYS
  • RUSSIA'S SHVETSOV SAYS `NECESSITY' FOR GREECE TO LEAVE EURO
  • SHVETSOV SAYS GREEK EXIT WOULD BE GOOD EXAMPLE FOR OTHERS
  • BANK OF RUSSIA’S SERGEY SHVETSOV SPEAKS IN INTERVIEW IN MILAN

Kak skazat Oops po Russki? Cue Greek denials they have any plans about anything. Ever.

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Thu, 05/24/2012 - 09:42 | 2458546 falak pema
falak pema's picture

long live the geuro! Russian Oligarchy has big stakes in Cyprus. And also in nearby Syria. Its a small world now.

Thu, 05/24/2012 - 09:47 | 2458579 SilverTree
SilverTree's picture

Can someone please define "PARALLEL CURRENCY" in this context?

Thu, 05/24/2012 - 09:48 | 2458582 HD
HD's picture

Euros with a "G" stamped on them most likely...

Thu, 05/24/2012 - 09:54 | 2458605 Badabing
Badabing's picture

"GREECE HAS PLAN FOR PARALLEL CURRENCY"

Coming to a parallel universe near you.

Thu, 05/24/2012 - 09:57 | 2458619 tonyw
tonyw's picture

De La Rue - some might say that but I couldn't possibly comment.

 

Thu, 05/24/2012 - 10:00 | 2458633 markmotive
markmotive's picture

Divide and conquer?

Thu, 05/24/2012 - 10:01 | 2458634 tocointhephrase
tocointhephrase's picture

'or, the sleeping bear is starting to awake and cause chaos and mischief:'

 

RT News, Max Keiser, need I say more?

Thu, 05/24/2012 - 10:07 | 2458664 The trend is yo...
The trend is your friend's picture

Russia wants its land and respect back.  The way to get it would be massive chaos in eurpoe

Thu, 05/24/2012 - 10:28 | 2458744 Jethro
Jethro's picture

Perhaps. The first thing I thought of when I read the title of the article was "KGB agitprop".

Thu, 05/24/2012 - 10:09 | 2458674 bigdumbnugly
bigdumbnugly's picture

parallel currency?

buffet gets his inspirations in the bathtub.

apparently these guys get it on the crapper wiping their ass.

Thu, 05/24/2012 - 10:22 | 2458663 Ahmeexnal
Ahmeexnal's picture

The euro is like a commatose patient, who suffers major heart disease, MS, all types of known and yet to be discovered cancer, has had all four limbs amputated and is blind as a result of diabetes, has a raging case of neurosiphillis....and has just been diagnosed with full blown AIDS....and health insurance just ran out.
Rossiya, in an act of compassion, is about to shoot the poor bastard in the head to put it out of its misery.
EUROTHANASIA.
Set the eurosheeple free!!!!

Thu, 05/24/2012 - 09:51 | 2458583 falak pema
falak pema's picture

It means that Greece as access to both Euro and Geuro but that its pegged one to the other under ECB control for FIRST but not the second. 

The economic team behind Merkel is now running the shooting match in Eurozone. The blond lady from the Bundes economic team (I don't know her name) is really hot and intelligent!

Thu, 05/24/2012 - 09:55 | 2458611 Badabing
Badabing's picture

Geuro Grexit?

Thu, 05/24/2012 - 11:25 | 2458965 Shibumi2
Shibumi2's picture

How about calling the new currency the GYRO...half greek, half EURO

 

And no one will ever say..."yeah but you can't eat GYROS"

Thu, 05/24/2012 - 11:16 | 2458923 Sancho Ponzi
Sancho Ponzi's picture

The former Yugoslavia had parallel currencies in the late 90's, but their Dinar was allowed to freely float with the Deutsche Mark.

Thu, 05/24/2012 - 13:32 | 2459406 Nussi34
Nussi34's picture

Some countries in the Balkan still use parallel currencies. I think it is Albania. Looks like the Greeks finally copied something from the developed world.

Thu, 05/24/2012 - 09:53 | 2458598 Whoa Dammit
Whoa Dammit's picture

That's easy. The bankers/elite will get one currency that is debt free and retains its value. The people will get another currency that is stuck with all of the debt and inflates. They will both initially have the same face value so as to make the swindle easier to palm off. 

Thu, 05/24/2012 - 10:41 | 2458784 jez
jez's picture

Maybe it means a New Drachma with an exchange rate of 1:1 with the euro.

Although I imagine that the parallel-ness would last no more than about three nanoseconds on the first trading day thereafter.

Thu, 05/24/2012 - 11:36 | 2459007 Marco
Marco's picture

A couple of types of contracts need to be moved to Drachme :
Dividends
Employment contracts
Internal trade

A couple of types of contracts need to stay in Euros :
Loans
Bank deposits

(Of course with a depreciating Drachme this means lots of people will start defaulting on their loans, but that's what needs to happen any way.)

Thu, 05/24/2012 - 11:57 | 2459095 rotagen
rotagen's picture

Greece will do whatever it's masters tell it to do.  End of speculation...save some ink.

Thu, 05/24/2012 - 09:41 | 2458547 achmachat
achmachat's picture

...and cause chaos and mischief.

 

Loki?

Thu, 05/24/2012 - 09:50 | 2458585 HoofHearted
HoofHearted's picture

No no no...cause the ramp up in markets. Remember the template. ZH gave it away...for free...yesterday!

Thu, 05/24/2012 - 10:30 | 2458752 Nobody For President
Nobody For President's picture

Chaos and Mischief = A psued for the taking for a ZHer to be...

Thu, 05/24/2012 - 11:34 | 2458997 Day_Of_The_Tentacle
Day_Of_The_Tentacle's picture

HA! Spot on. And we already know who Thor is right? He left his buggy 'n goats to throw lightning at Athens from Mount Olympus. So now the interesting question is, who is Odin.......or should we rather say Ochin?

Thu, 05/24/2012 - 09:41 | 2458548 pods
pods's picture

If I have a plan for one, the Greeks damn well better!

pods

Thu, 05/24/2012 - 09:41 | 2458550 Enceladus
Enceladus's picture

Balkan bulwark

Thu, 05/24/2012 - 09:42 | 2458554 Stoploss
Stoploss's picture

That's how you Shvet on the party!

Thu, 05/24/2012 - 09:42 | 2458553 kito
kito's picture

i vill break you..................

Thu, 05/24/2012 - 09:42 | 2458555 orangegeek
orangegeek's picture

great idea.  they should call it the drakma.

Thu, 05/24/2012 - 10:34 | 2458763 Bunga Bunga
Bunga Bunga's picture

Why not Drama?

Thu, 05/24/2012 - 09:42 | 2458557 HedgeCock
HedgeCock's picture

Oh come on, Russians don't even have Paypal...

Thu, 05/24/2012 - 09:50 | 2458588 Sudden Debt
Sudden Debt's picture

why would they?

If somebody over there asks you to pay... you'd better pay...

 

Thu, 05/24/2012 - 09:59 | 2458629 HedgeCock
HedgeCock's picture

Oddy, this didn't work for Paypal.

Thu, 05/24/2012 - 10:35 | 2458764 Bunga Bunga
Bunga Bunga's picture

Because they have gold.

Thu, 05/24/2012 - 09:43 | 2458558 midgetrannyporn
midgetrannyporn's picture

FREE SERGEY!

Thu, 05/24/2012 - 10:06 | 2458662 tocointhephrase
tocointhephrase's picture

CHEAP CAR INSURANCE

Thu, 05/24/2012 - 09:43 | 2458560 Cognitive Dissonance
Cognitive Dissonance's picture

"Bank Of Russia Says Greece Has A Plan For Parallel Currency Universe."

Makes more sense now.

Thu, 05/24/2012 - 09:43 | 2458562 mrkolice
mrkolice's picture
shit, this is going fast.

merkel to greece: come to mama

putin to greece: come to daddy

Thu, 05/24/2012 - 09:50 | 2458589 THX 1178
THX 1178's picture

http://www.youtube.com/watch?v=5Az_7U0-cK0

 

Does that white moster guy represent central banking!?!?

Thu, 05/24/2012 - 10:32 | 2458758 Nobody For President
Nobody For President's picture

Greece to mama and daddy: Fuck you, I'm leaving for a man in the motor trades.

Thu, 05/24/2012 - 09:44 | 2458564 SheepDog-One
SheepDog-One's picture

DARN! And just when everyone had lungs full of fresh free money Hopium and all that.

Thu, 05/24/2012 - 09:45 | 2458567 azzhatter
azzhatter's picture

Is it Ruble?

Thu, 05/24/2012 - 09:46 | 2458571 HedgeCock
HedgeCock's picture

Rubble.

Thu, 05/24/2012 - 09:57 | 2458618 midgetrannyporn
midgetrannyporn's picture

Rube-UL

Thu, 05/24/2012 - 12:11 | 2459135 THX 1178
THX 1178's picture

Rue-Bull(shit)

Thu, 05/24/2012 - 10:10 | 2458678 junkyardjack
junkyardjack's picture

Its rumored to be called Deez Nutz and will be issued to all creditors...

Thu, 05/24/2012 - 09:47 | 2458569 ChickenTikka
ChickenTikka's picture

Blin!

A parallel currency?  The orthdox rouble.  Greece, Russia, and Serbia can all get on one common currency and then take back constantinople.

Thu, 05/24/2012 - 09:46 | 2458573 john_connor
john_connor's picture

Prelude to WW III.  Russia, CHina, and defecting Euro states vs. TBTF banks, err I meant US, UK, Germany, & France.  Throw in the Middle East and the mix is exponentially more volatile.

Thu, 05/24/2012 - 09:48 | 2458574 LawsofPhysics
LawsofPhysics's picture

Explains Euro rising, dollar dying.  The BRICs are going to support the non-Euro worthy nations and a two-tier system to rip europe apart - not the dollar.  DUH.  How long until WWIII?

Thu, 05/24/2012 - 10:03 | 2458631 tim73
tim73's picture

So Americans...with their 25 wars since WWII - history, are still thinking it will be the "
"bloody, barbaric Europeans" who will start the WWIII?! That is some serious mental disorder right there!

It is like a drunk, wife-beating neighbour saying, watch out that 70 year old Miss Marple, she is one mean SOB!

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