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Deja Vu: Pasok Is Warming Up To Coalition With Only New Democracy
One of the biggest caveats from yesterday's Greek election result was that Pasok announced it would only participate in a broad coalition government that includes Syriza. Obviously Syriza promptly turned down the offer, which has now put the ball back in the court of the Pasok leader - Venizeloz. Being a career politicians, and knowing quite well what the final outcome of the Greek fiasco would be, it was only a matter of time before the former minister of defense, finance, and yes, sport, would flip flop, and hint that a government of just ND and Pasok would also work, as the alternative is just too harsh to even consider. In other words, we may shortly get a repeat of the precisely same leadership that brought Greece to 23% unemployment and a completely destroyed financial and economic system, with Veni back in the role of finance minister once again.
From Athens News:
As expected, the Pasok chief re-stated his position that the ideal solution would be for a coalition government to be formed, made up by Syriza, New Democracy, Pasok and the Democratic Left. However, speaking after his meeting with Samaras had ended (the New Democracy leader now having moved on to a meeting with Independent Greeks head Panos Kammenos) he distanced himself from Syriza and Alexis Tsipras, saying that "the statements made by Mr. Tsipras are both dissapointing as well as politically and democratically provocative. Syriza is essentially saying that the rest of us should form a government, which however would have to stay true to the political line drawn by them".
He then went on to stress that Samaras should conclude the process of the exploratory mandate by tomorrow with a meeting of the four political leaders under President Papoulias.
"The people have voted for the country's stay in the euro, the re-negotiation of the memorandum and have given us a clear order to work together", he said.
Does this mean a Greek government just may happen, evading a 3rd Greek election in as many months? We will know for sure by tomorrow night, when Pasok said is the deadline by which a new government has to be formed. As for bets on the longevity of the new cabinet, we have no idea what the spread is, but we take the under.
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The people have voted for austerity. Give the people what they want.
people voted for many things, none of which they like ...
The people have voted for the status quo.
People always vote for free lunch until there ain't any. They then vote for eating the rich until there ain't any. They then vote for war, robbing each other or what not madness until even the madness runs out. They then accept the red pill and change.
The entire world is still at stage one. Democracy is a fraud.
Close but no cigar.
So provoking democracy is now some kind of insult in Greece? It must be "opposite day."
Wut? It's not?
The problem is that they don't realize thats what they voted for. Also I don't think they will form a govt., I think they want the european countries like Germany to say we will do this or extend the time so it would give them cover. The other guy declined because he knows that his party will be pushed into the win when this fails miserably.
Effin Greek Soap Opera
It's okay the Spainish soaps are going to be on with the Portgugese, Irish and French soon.
Wow, that was even quicker than the American "debt standoff" last summer.
Aww how cute, they still cling to the bullshit notion they will renegotiate anything. Anything but the terms of the bailouts will mean a third fourth fifth bailout. Any mathematicians over there in Greece?
renegotiate = print = bullish
stonewall = print the interest = bullish
politico speak = print = bullish
ECB closes down = print somewhere else = bullish
I know it's all bullshit, but don't fight city hall on this. They will print until it breaks badly and things like sovereignty are called into question. This is the "dip", like the last three summers, don't be caught with your pants down.
Didn't you see the picture of the Greek Finance Ministry? The mathematicians stampeded out of the place a few months ago.
No way, all those ledgers were stored neatly in shopping carts and garbage bags. Easy access and mobile.
Bullish.
Til death do they part
Venizeloz...the former minister of defense, finance, and yes, sport
See...I told you competitive eating was a sport!!!
Jubly
I think Egypt is more important at this point. Move on...
So back to square one.....I'm loving this soap opera!!! Luv it.....
New democracy... = Old democracy where the people are at the end of a barrel
Pasok are true caviar socialists, oligarchs in sheeple cloth. They would turn their coats at a drop of a hat-check into a numbered account in Geneva.
No sign of crawldaddy, the pundit on Greek political hanky panky.
Amazing what a few million euros deposited into your numbered Swiss account will do to your principles.
I can't believe it.
Poiticians don't have principles, mate! They are "flexible" and always ready to "compromise"...
With these clowns back in office we're gonna get some great riot cam footage from Greece this summer.
There is no money anywhere, really, and politics is the distraction.
Like our choice in the U.S.S.A. to vote for Obamney, or the Republicrats or Demicans.
It doesn't matter. Anyone working hard to produce something positive will be robbed or slowly bled by the bankers and planners or the lazy and indolent living off the public dole.
1913 U.S.A. - Income Tax instituted and the Federal Reserve established - the beginning of the end.
Until banks and central bankers and fiat scrip are torn down - destroyed - and rebuilt with sound money, the rule of law, and individual liberty and rights restored - the political banter and voting are nothing more than bread and circuses.
The whole crisis could by solved by shopping. Lots of shopping. So much as to cause droppings.
That's what Reagan/Thatcher taught us
You mean we should go out and buy thingamajigs?
I never understood why Greeks haven't withdrawn their money from their Greek banks. They are just stupid. Now they have elected the same dumbasses as government, so I repeat, they are and still will be stupid. Or do I miss anything? I am curious, let me know!
They have voted out of fear to maintain banker hegemony.
Until the decent people of the world stand up to banker and central banker theft, nothing will change.
If Germans or any other populace were faced with losing 40% of their promised pension while facing 40% inflation in the aftermath they will vote to maintain the present - however untenable.
This is the financial terrorists playbook; engineer financial instruments such as CDS, MBS, and other derivatives while borrowing money from central banks at 0.05% to lend out at 5%-29% on front-loaded mortgages and equity loans - that they then bet against. They make money coming and going while collapsing the system then imposing "austerity" on the populace they robbed outright and via bailouts and central bank legerdemain.
If I understand correctly, they are pulling their currency out of the banks... about 1 billion euro/day!!!
There's a run on the banks there and it's compounding the problem with all political bullshit going on there too.
yes the number being reported is 1B euros/day ... but the inside info is that it's closer to 3.5B per day. maybe they are smarter than we giving them credit for.
So, same as it ever was?
Obviously the Greek masochists have not had enough Austerity...
The Greeks have made it through 10,000 years of being slaves and slave masters . Will the Greeks will write a new myth just like they did with christanity to preserve their culture ? What culture survived the Roman Empire ? Greece
Insanity... look up the definition yourself, I'm tired of this shit.
greece didn't blink and form a goobermint
angela and germany didn't blink over greece; i'm on the leftCoast and it's not 1030AM monday
now, greece may form the obvious goobemint; but maybe not; the ball isn't in their court , but it may be soon, since angela said: no mas!
marioECB is ~ 48 hours from unveiling the new '57 chryslerCorp millionDollarLook and we all are hoping to have flying 195_X cars by 1960, too...
again, TPTB are caught in their own propaganda; all the chickenLittles are exhaustred and falling off; will the crisis be big enuf to get the EU to change, politically and small enuf to leave sytemic stability unthreatened? huh?
we need the perfectGoldilocksCrisisTM, BiCheZ! let's get cramer and mariaB on it, STAT!
Have to have Super-Mecha American President Battle first.
Not too long ago this would have gotten a shout of "un-fucking-believable".
However, in the crazy world we live in now, it barely gets a sigh.
That was an easy call to make. No one wants to jump from one canoe to another as both go over the falls.
sunny
Tyler, my friend!!! I think that You are a little skewed with this issue. I really like your blog, congratulations.
Like Bruce said:"In a few weeks the government will not be able to pay workers. When this happens, the strikes will resume."
When they start re-runs, I hope Sausage The Riot Dog continues to star.
http://www.youtube.com/watch?v=ADZHUatCdRE
Venizelos's 'Totally Looks Like' here:
http://25.media.tumblr.com/tumblr_m15sf4JUq21qzls2xo1_1280.jpg
The world needs a new industrial revolution. That has to come from the mind, not from the money.