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Beggars Are Choosers As Greece Calls TROIKA's Bluff
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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Germany to Greece: http://www.youtube.com/watch?v=xKG07305CBs
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.
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?
In the goold ol' days, stealing a nation's gold was an act of war!
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
That's OK if they give it to me one month before everyone else.
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.
For fuck's sake, pull the plug.
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.......
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.
Why didn't this EuroBlurb rocket the ES higher?
GO GREECE!!!!
HAHAHAAA STICK IT TO THE BALD FAT BANKER-CNTRL+P'ERS!
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.
The only softening Greece can afford is the "softening" in their rectal area..
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!
Boom? Please? Kill the banks and let the greeks deal with Greece already.
Nein!
9 9. 9
Herman Cain?
The 999 tax plan was great! Worked really well in all my Sim Cities.... until Godzilla showed up that one time.
Yoko Ono.
91.67 surely?
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.
Use the ZH RSS feed and get a reader.
They need little bit of time to front run
A call to arms? What do they have left?
The funny thing about bluffing is that you'd better be ready to carry out your bluff if it's called.
Call to you.
Kind of like Ben with QE eh?
i see your call and raise you retirement age dropped to 49
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
well spain didn't have to give anything up so neither should they. Full Print. $15.00 gas ahead.
Spain hasn't gotten a bailout. Just yet, that is...
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
They invented 'Greek Style'. Why is anyone surprised?
By the time this crisis is over, Germany will have all of Europe's gold,
Without having to fire a shot.
Germany's gold is held where? London, New York? Greece's gold is where?
Fort knox, TN.
Um, isn't Ft Knox in Kentucky?
If I were Merkel, I would be calling all of that gold home.
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.
Which Greek government minister signed off the previous deal. An elected or an import one?
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.
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.
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.
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?
Pathetic retards?! Hey don't forget this is the country that gave you Demis Roussos, Nana Mouskouri and donor kebabs! Respect.
Why don't they just get a printing press and secretly print counterfeit Euros?
They could claim they found them in inummerable sofa cusions around the country.
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?
They have! They're the other ones with an 'X' prefix on 'em!
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.
And on every smack down, more REAL gold disappears over to Russia and China. I'm sure paper is just as good though, and less costly to mine. What idiots buying up that shiny, inert, everlasting, scarce barbaric relic. When the US drops cyanide bombs on them ha ha watch that gold just disappear.
So does this mean the fat lady finally sings?
when I hear the fat lady sing "Mamma Mia" then I would say so.
Greece should be kicked out of euro. They just want to continue living the old crooked ways but expect others to pay for it. Of course they are against public sector job cuts because many of them get the job through family connections and in some cases they do not even have to work, just collect the paycheck once a month.
Come on Greece, destroy Germany... don't go out of the Euro, just default on all your debts... screw the Germans.
Also herr Jager ist die neue Deutsche Aussenminister?
When outsiders start pillaging a nation's gold what happens is lead is eventually only given up.
wait, isn't this what the world was fearing with baited breath just prior to last Sunday's Greek election? i.e., the anti-austerity party might win?
Austerity failed before it was even attempted. Haha.
Just the thought of not spending money you don't have had the Keynesians crowing about a deflationary spiral.
Madness.
It is indeed a mental illness.
What else would transform their opposition to capitalism as a general attitude into a sudden worship of "growth"?
This will all end years from now with money literally being handed to Greece or any of the other Euro domino nations with no strings attached the moment it appears one nation is about to exit. It will be the only option remaining when their is no longer and savings or austerity remaing to squeeze out of the middle class...that is always how this game was destined to end. The debtor nations will soon realize they hold all the cards.
ZIRP for life here in the U.S. for the PDs going on 4 years now just to falsify the economy
And soon ZIRP for life for all collapsing Euro nations. Counterfeiting is all the P.D. wizards ever had or will ever have and it is as simple as that.
I agree but at some point the money dies, then all bets are off.
Prisoner's dilemma.
Yes the Central Banks want it cheap....so they can buy it alll with the free printed money...then they revalue it...very high...and say see...we are backed by gold now...........
We need to put GPS on all gold bricks...it would be neat to watch it move around the country...countries.....sink to the bottom ot the lake...
and to Greece...you do not have to cut anything....just don´t ask for anymore money....
GPS on gold bricks! That's the last thing Obama wants you to know. If we knew exactly who had real gold then the "game would be up". Anyway paper is much softer and makes the mattress less lumpy. And gold bricks never kept you warm stuffed in your clothes on a cold winter night.
The Greek people were to afraid/naive/stupid enough to vote for the big parties (the same parties that got them into this mess) instead of voting for parties that would stick a big middle finger to the IMF/ECB/EU. They should have followed the Iceland example. Greece should have gone back to the Drachme two years ago and should have deafulted on their debts. It would have been hard but by now they would have been two years down the line. Now they are indebted for a long time and they will lose their gold. I feel pity for the Greek people. Although they are for a large part to blame, they don't deserve this.
Why is everybody so sensitive about the public sector? The private sector has been gutted and butchered, all in an effort to save the holly cow of the public sector. The troika should just cut them off over this one. Enough with politicians running the private sector to the ground just to get the votes of the public sector leeches. They will vote for them anyway.
I ask this of our socialist commenters. When has any government entity ever cut spending? I have not seen it in my life time.
I believe that Latvia or Estonia did...
Of course they don't want public sector job cuts, that's their voting base!
Meanwhile the businesses that can gainfully employ people they leave them to eat dirt instead of paying what they owe them!
This cabal of cocksucking traitors is going to destroy the Greek economy, hand over all it's assets and enslave the Greek people. This is what the Greek 55-and-over age group has accomplished. The worst generation the planet has ever seen.
It is not so certain that the majority of Greeks voted "wrong", given that the choices were not so clearly different or better.
The main Greek "opposition" party also claimed the euro had to be kept
(implicitly meaning that "austerity", however negotiated, would also be "necessary")
I love S&M... And steal my gold why your at it.
Thank you sir, may i have another!
This game is actually rather simple, when you think about it...
On the one hand you have the Troika and their austerity demands, which will not only put every working Greek (and Spaniard, Italian, Irishman....) in the poorhouse for life, but will also most likely lead to Europe-wide civil unrest, then civil war, then uncivil war, then... > They're in this cos they're getting rich at it! And think they have the whip hand, cos the governments (and their attendant police and military forces) are pretty much in the banker waistcoat pockets, right next to the monogrammed gold fob watch.
On the other hand, you have the Greeks (Spaniards.....) who, at this stage, know all that AND know that telling the banksters to go fuck 'emselves will be the best course of action in the long run. But they don't want to suffer the shorter term pain - which might be very, very painful - while there is still even the remotest chance that Germany (or China, the Martians, a gold-bearing meteor shower or God himself) might miraculously save the day.
It's like delaying a trip to the dentist. Nobody wants to go, but sooner or later it's that - or deal with it yourself with a stick and a conveniently handy ice-skate, while Wilson watches patiently.
Correction:
"While Iceland was formerly known as the country that is the closest earthly approximation to banker hell,
the greeks aren't smart about money, but, greece has the best hookers.
http://covert.ias3.com/expose/