Beggars Are Choosers As Greece Calls TROIKA's Bluff

Tyler Durden's picture

Greece's newly confident coalition party has issued a list of zee-demands, via Bloomberg:

  • *GREEK COALITION PARTIES AGREE ON POINTS FOR BAILOUT TALKS
  • *GREEK COALITION PARTIES AGREE ON STATE ASSET SALES
  • *GREECE TO PRESS TROIKA ON NO JOB CUTS IN PUBLIC SECTOR
  • *GREEK COALITION PARTIES WANT TO RETRACT CUT TO MINIMUM WAGE
  • *GREECE TO PRESS TROIKA ON NO FURTHER WAGE CUTS FOR 2013-2014

and of course TROIKA will be happy to comply, in exchange for some of that shiny yellow stuff (as we noted here). Though we have a response already:

  • *DE JAGER SAYS GREECE HAS NO ALTERNATIVE TO PAINFUL CUTS
  • *DE JAGER: THERE WILL BE NO SOFTENING OF CONDITIONS FOR GREECE
  • *DE JAGER SAYS ROOM FOR GREECE IS EXTREMELY LIMITED
  • *DE JAGER SAYS WE SHOULDN'T SPECULATE ON MORE TIME FOR GREECE

Finally, as a reminder from February, here is how this entire circus unwinds:

Negative Salaries, Negative Bailout And Now Negative Gold - Greece Just Became The Bankster's Paradise

While Iceland is now known as the country that is the closest earthly approximation to banker hell, it is safe to say that Greece is the terrestrial equivalent of banker heaven. Because as explained earlier today, the country's population is about to get a worse deal than your average run of the mill slave - they may get whipped, but at least never have to pay for the privilege, unlike the Greeks. Hence negative salaries. As also explained, the European bailout of Greece, is now formally a Greek bailout of Europe, funded by the country's already negative primary surplus, or better said - deficit (don't try to make mathematical sense of that - a scene out of Scanners is guaranteed). Hence, negative bailout. But the piece de resistance, and the reason why Greece is the in situ version of bankster heaven is the news from the NYT that Greece is also about to have negative gold.

Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, was also upset that Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal.

Well, they may be broke, and they may be bailing out Europe, but at least they'll have no gold: sounds like a sweet deal - it makes perfect sense that Greeks are taking every incremental humiliation from a syndicate of few fat, bald types who have access to a digital money printer, with the supine determination of an Oliver Twist.

 

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GetZeeGold's picture

 

 

So Greece will continue to demand Germany's money.....didn't see that coming.

 

Just as soon as the gold is gone Greece will be kicked out of the speeding car......no they won't slow down.

redpill's picture

And Germany keeps saying they won't give them more, until they realize that if they don't, they have no chance of getting any of the rest of the money they've lent them back, and then they cave.  This is Germany's conundrum, they can either subsidize Mediterranean countries' sovereign debt perpetually with their own money, or watch their big Eurozone experiment crumble.  Which is worse?  Losing more money, or losing more money and your pride too?

flacon's picture

In the goold ol' days, stealing a nation's gold was an act of war! 

derek_vineyard's picture

federal reserve should give everyone a lump sum equivilant to 4 years income capped at $1 million (250K per year) plus $50/k per dependent child (legal or illegal)  that mandatorily has to be spent frivolously (not allowable to pay down debt) and we can have one big fucking party until things go boom  

payouts issued on debit cards  

jekyll island's picture

That's OK if they give it to me one month before everyone else.  

No Euros please we're British's picture

Nah, not these days. Who wants to hang on to that useless barbaric relic. Greece should be glad to get rid of it, think of it as the Elgin Gold.

Kaiser Sousa's picture

As I have said before...FUCK THE GREEKS!!!!
if they r fine letting the bankers take all their shit then fuck off Greek people...
Hell, why don't they take all their teenage girls and young women as well...
fucking slaves.......

caconhma's picture

Kaiser Sousa

You are right. Greeks deserve their destiny.  They have voted for it in a free election.

It will not be long before Greek  young women  will be whoring to Turkey.

slaughterer's picture

Why didn't this EuroBlurb rocket the ES higher?

vast-dom's picture

GO GREECE!!!!

 

HAHAHAAA STICK IT TO THE BALD FAT BANKER-CNTRL+P'ERS!

Carl Spackler's picture

While I cry no tears for the Euro elitists that funded this mess (one of their own making), I also have ZERO respect for Greece, the new poster child of the entitlement, mooching, free ride, "Obams's gonna pay my mortgage", always-blame-the-other-guy, ambulance-chasing, lazy, socialist crooks.

Stoploss's picture

The only softening Greece can afford is the "softening" in their rectal area..

Carl Spackler's picture

Gomer Pyle:  "Well Sur-prise, Sur-prise, Sur-prise."

Love the Greeks' brash negotiating strategy though...double down on your demands, when you know you've got nothing of value to offer the other party (i.e., you know you've lost everything already and have nothing more to lose, SO demand even more remuneration in return...maybe, you get it!

LawsofPhysics's picture

Boom?  Please?  Kill the banks and let the greeks deal with Greece already.

CommunityStandard's picture

The 999 tax plan was great!  Worked really well in all my Sim Cities.... until Godzilla showed up that one time.

nobusiness's picture

Why is it that I get better and faster news off the zerohedge site than my Etrade pro feed???

Thank you Tyler

The only annoying thing is I constantly have to refesh the site.

CreativeDestructor's picture

They need little bit of time to front run

cherry picker's picture

A call to arms?  What do they have left?

Cognitive Dissonance's picture

The funny thing about bluffing is that you'd better be ready to carry out your bluff if it's called.

Call to you.

derek_vineyard's picture

i see your call and raise you retirement age dropped to 49

Debugas's picture

two demands can not go together:

1. no jobs cuts

2. no wages cuts

 

one or the other can be fullfilled at the expense of the other - no wages cuts but less jobs; or no jobs cuts but falling wages

surf0766's picture

well spain didn't have to give anything up so neither should they. Full Print. $15.00 gas ahead.

Rogier's picture

Spain hasn't gotten a bailout. Just yet, that is...

pods's picture

Spain is a lock for a bailout.

As soon as they find a way to create and fund the entity that will bail them out!

pods

bigwavedave's picture

They invented 'Greek Style'. Why is anyone surprised?

zorba THE GREEK's picture

By the time this crisis is over, Germany will have all of Europe's gold,
Without having to fire a shot.

OhOh's picture

Germany's gold is held where? London, New York? Greece's gold is where?

StychoKiller's picture

Um, isn't Ft Knox in Kentucky?

Overfed's picture

If I were Merkel, I would be calling all of that gold home.

No Euros please we're British's picture

She already has, but the US are playing hard to get over that. I guess it just vaporized? Oh well, bet the Chinese and Russians don't fall for that one.

OhOh's picture

Which Greek government minister signed off the previous deal. An elected or an import one?

Dr. Engali's picture

I wonder if the Greeks realize they look like pathetic retards to the rest of the world. Sell more of your stuff to the bankers Greece, they already own you let them have everything else.

OhOh's picture

Greeks can travel the wold without fear. Bush cant leave Texas, the most powerful man in the world/sarc , the current potus, can't travel without an air exclusion zone, cleared streets, 100's of security......

 

The Greek debt is peanuts compaired to the UK and US. Look in you mirror occasionaly.

Dr. Engali's picture

Hey I'm not denying that the U.S is a big clusterfuck debtor nation. We have a bunch of retards here too, and it will come home to roost. But right now Greece is the focal point and they have the chance to show the world and tell the bankers to fuck off. There is life without you. Instead the Greeks are giving them all their stuff and begging for more "money".

This is a war for freedom and the birth place of democracy needs to make a stand.

catacl1sm's picture

Greece's best option is to defautl and return to the Drachma. Lots of up front pain, but at least they'll actually be growing after a year or two. Why can't they see how well it worked for Iceland?

No Euros please we're British's picture

Pathetic retards?! Hey don't forget this is the country that gave you Demis Roussos, Nana Mouskouri and donor kebabs! Respect.

Lebensphilosoph's picture

Why don't they just get a printing press and secretly print counterfeit Euros?

Spastica Rex's picture

They could claim they found them in inummerable sofa cusions around the country.

Plymster's picture

Wouldn't it be easier to just get their hands on a few trillion in old US Treasury Certificates and have them discovered by the Italian Police on a Japanese courrier?

Mitzibitzi's picture

They have! They're the other ones with an 'X' prefix on 'em!

Bam_Man's picture

It is as plain as day why the Gold price is being so blatantly suppressed.

The international bankster cabal intends to get their hands on as much Gold as possible by forcing the heavily-indebted nations to pledge their Gold as collateral for future bail-outs. This is the endgame - The Global Grab for the Gold.