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European Finance Ministers Cancel Meeting As "Not All Paperwork Is Done"
Yes, another indirect Greek headline. Oh well.
- EUROZONE FINANCE MINISTERS UNLIKELY TO MEET IN BRUSSELS ON WEDS AS NOT ALL PAPERWORK ON GREECE IS READY - EU OFFICIALS - RTRS
- EUROZONE FINANCE MINISTERS EXPECTED TO HOLD A CONFERENCE CALL ON SECOND PACKAGE FORE GREECE INSTEAD
At least the dog and the homework were not invoked. yet. March 20 is just 35 days away. After that, it is mercifully over.
And now we get this:
- PAPADEMOS: GREECE MUST COMPLETE PRIOR ACTIONS FOR AID APPROVAL - BBG
Time to pull the plug.
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Can't they just print the paperwork?
But they need Benny, who is not available at the moment...
I can't wait for the 20th March when all the world's financial problem will be behind us...
Phew !
Why don't they just take a stack of paper and vomit on it, that's what they've done up to this point.
Paperwork isn't complete? What'd they run out of crayons? Long Crayola!
From the dyslexic Greek:
"My God ate my paperwork."
the god of the bankers?
This is awesome.
Sounds like the paper is full of warm, wet brown stuff and the commode is clogged.
Fool Germany once, shame on Greece.
Fool Germany twice, Greece gets slammed in the face with a spiked helmet.
That was truly funny
Oh, come on now...
You KNOW that Greece isn't going to be allowed to default in a U.S. Election year, with Democrats in charge. What the hell, it's only TAXPAYER money, it's not like it's ging to cost Obama anything to 'assure" a bunch of new Eurobonds.
Do you really think the administration propping up Manufacturing numbers by GMAC/ALLY buying 450 score Credit Criminals on new GM/Chrysler cars, and TWISTing through the markets almost daily, with taxpayer money, is going to let that happen?
Flyover, do you really think the Eurotrash leaders care about Obummer's election? Get real. Long defaults!
in 35 days the market will be 1600 and 15000 the way it is going
This is what I come up with regards 20th march.
9-20 March
"Perigee" means moon closest to earth for the month. We have seen the 4 September 7.1 event (new moon+second closest perigee) of 648 kilotons, followed by 7 October (new moon+perigee#6) which brought (8th) the next biggest event, two 4+ jolts around 6.30am totalling 96 metric tons. The following month, on 4-6 November, new moon in perigee brought on 7th at just before 3am, the next biggest aftershock of 118 tonnes. The next month? Perigee was 26-27 December, as perigeal new moon changed to perigeal full moon. On 26 December came the next biggest jolt since the last, a month ago; a 4.9mag king-hit of 346 tons. With 20 January's full moon+perigee, came the next biggest earthquake to hit Christchurch, a 5.1mag event.
It has meant that since September, every perigee has brought successive earthquakes that were the biggest since the last biggest, starting with new moons and swapping to full moons. With 6 successive monthly biggest events, equally spaced at 4-week intervals, all coming right on kingtide times, all hitting the Christchurch region, the pattern is obvious. And the next is the 20 March closest-perigee for the year, + full moon. The next (and last) powerful perigeal full moon is 18 April.
Days of potential increase in activity
27 February;
5, 19, 20, 21 March;
17, 18 April
http://www.predictweather.com/ArticleShow.aspx?ID=339
Do they still get catering? The unions want to know.
got me
I really think Greece is going to make it. They will have a 3.5% growth in GDP in 2013. The austerity measures, couple with the printing of more Euros will push expenditures down.
I foresee a healthy surplus for the years 2014-2020. By 2022 at the latest they will again have the strongest economy in the world.
Do not sell the Greeks short.
Bad news only please. Positive news is junked. Thanks
Agree with you, Professor.
And I also agree with President Soetoro that $5 a gallon gasoline is a sign of a strengthening economy. $50 would be even a better sign.
NBC Evening News/MSNBC/New York Times Headline, May 2012
"$5 GAS SHOWS ECONOMY IN STRONG RECOVERY, SOME SAY"
All signs are incredibly bullish. A New Golden Age awaits.
The Greeks will lead the world economy out of its current state.
You mean the Golden Glow of a burning world? And the Greeks will lead the world economy out of its current state into an armageddon state?
Then I agree with you...
+1 for your priceless caricature of the alien-worshipper nobel prized NYT celebrity
"After that, it is mercifully over" Until Portugal....then Italy, Spain.....France...
you know.....rollercoaster 2.0, 3.0, 4.0....
All the Greeks did was say that they voted for the 130 billion dollar bailout. They didn't vote on the austerity stuff that they must do and also the written promises that all parties must sign to say the debt is Greece's. That is why the meeting was cancelled, because all the bluster and all the rioting all they did was to say "yea we will take the money". It's a game of chicken, who's going to pull the plug first on this and allow this whole debt game to implode.
my dog ate my homework...
Bullish!
Translation: The caviar and truffle shipment for the meeting was lost in shipping, need to get more before we rechedule.
Yes, this will be just a minute if you please...
print,print,print,print,print,print,print...
OK, now we're ready!
Short Brussels catering firms NOW!!!
why euro is not reacting? are there something is holding it? does BDM protects them?
Pthh.. they have LOTS of time..
/snark
Funny how there is very little information about PSI negotiations. We used to get "PSI Greek deal to be announced in a few hours" news feeds daily just a week ago.
No wonder stocks are heading to green.
tink...tink tink
(can getting kicked...again)
Ahhh right out of the Sarkosy-Merkel playbook, An agreement to discuss the agreement at a further date! Ingenuous.
Too bad, i'm sure they were really really really close to reach a deal....hmm they will probably save that statement for little later, stocks need to fall a bit first
OT: but the NASDAQ server is malfunctioning right now.
Is that a picture of Michael Jackson?
Perceptions are funny, I've always assumed she was "a black haired beauty with big brown eyes..."
Looks like an emaciated corpse to me.
Tyler I think you misread the headlines.
The meeting cancelled because the paper was not done printing yet. The ink on the bills have to dry before people can use them.
volatility shots up again, not much movement in S&P index
Market melting down?
Quick, someone call CNBC and tell them to put up an AAPL chart one more time!
ahhh.... all better!
I stand by my statement that if everyone who says they've been "Long Apple since 2000" has actually been long Apple since 2000 (yes Cramer, this includes you), we wouldn't be in a financial crisis right now.
And if everyone has been in "high quality dividend paying stocks" then we wouldnt have this issue either. Instead we love priceline and netflx and gmcr. Greedy sobs, high beta = fatter bonuses.
Better yet, lets trot out the stock picking dog again to pick the next high flyer.
Over the phone is not very satisfying.
Eurogroup to talk by phone, not meet on Greece - EU officials 12:14pm ESTBRUSSELS, Feb 14 (Reuters) - Euro zone finance ministers are likely to talk by phone rather than meet on Wednesday to discuss financial aid for Greece because the paperwork required is incomplete, two officials familiar with the matter said on Tuesday.
"My understanding is that not all the paperwork is ready, particularly when it comes to the debt sustainability analysis," said one EU official, speaking on condition of anonymity.
A euro zone official said there was also concern that the commitment from Greek political party leaders to the package of economic reforms required to receive financial aid was not clear and firm enough.
The EU official said that Jean-Claude Juncker, the president of the Eurogroup, who calls and chairs meetings of euro zone finance ministers, was expected to issue a statement later on Tuesday, confirming the change of format.
http://www.reuters.com/article/2012/02/14/eu-eurogroup-greece-idUSB5E8CE...
Good idea. its easier for the greek to lie over the phone than it is face to face.
Venizelos: Yes we have full backing from all opposition parties to stick to the agreement, even after elections. *hits mute on phone* suckers!
The Lack of paperwork is priced in
Dble post
The deal is GONE...
Perhaps the "paperwork" burned in the fires...
You have to wonder if there's a metaphor in the Venetians (read: bankers) shelling the Acropolis.
http://upload.wikimedia.org/wikipedia/commons/c/cd/Venetian_siege_of_Acropolis.jpg
These imbeciles could not paper their way out of a paper bag if it surrounded their heads.
Just don't let a good crisis go to waste, ok?
Papers, WE DON'T NEED NO STINKIN PAPERS!!!
TYLER SAID:
March 20 is just 35 days away. After that, it is mercifully over.
You mean to tell me after 4 years of extend and pretend that you STILL havent caught on to the kick the can meme?? You really think they want to blow up CONfidence over a measly 14 billion EUR bond redemption?
Get with the ponzi, man
Must be a new Tyler...
Right?
How u been, Hulk? Amazing how theyve kept the ponzi going for all this time. Takes us back to Martenson's chapter on Fuzzy Numbers. They surely have gone full retard with the employment data despite collapsing energy use.
This will drag on until the private holders of Greek debt get their dermands met, and the ISDA can ensure there will be no so-called credit event.
Bernanke may be working overtime trying to figure out how to satisfy everyone's needs, with Fed money, of course, without leaving a paper trail.
The Central Banks have caused a shortage of ink and paper.
Another "unintended consequence" of global QE.
This has turned into a big yawn. Die already.
Disagreeing with Tyler can be disagreeable but it is certainly not over March 20TH.. I would bet it is somehow papered over, ECB comes in to do some sort of swap with bondholders with a limited liability bond of some sort etc..
The paperwork is actually refering to new wallpaper in the rooms, which hasn't been completeed at the meeting site.
"After that, it is mercifully over. " I don't know. They've somehow managed to "fix" it so many times already, there's no telling what crap they'll come up with this time.
Fucking idiots!
As always, the everyday citizens, so to say, are hurt the worst.