EURUSD Sliding On Anti-Rumor From Europe - Headlines "No More Money To Greece From Eurozone, IMF"

Tyler Durden's picture

This is not the rumor that the central planning doctor ordered. This time from Dow Jones:

  • No Intention By Euro Zone, IMF To Give More Money To Greece, Say Dow Jones Sources -DJ
  • Major Greece creditors made clear EUR130 bn bailout loan "won't be increased by a single euro" - DJ

It remains to be clear if Greece will even get the €130 billion loan still, but that is a different story. EURUSD, and stocks, not happy.

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misterc's picture

We Germans have a bottomless pocket, so we will pay all bills in the world. 

Bunga Bunga's picture

Versailles was only a short warm up.

Popo's picture

LaGarde is just trying to look like a tough cookie before Davos. 

jeff314's picture

Legarde should be her name...

cranky-old-geezer's picture



LeGarde says collapse in demand could lead to global depression.

That's already happening in the general economy.  Demand for non-essentials is collapsing already, and housing is in full collapse.

Of course she doesn't care about the general economy. 

She's talking about collapse of demand in financial markers, specifically collapse of buy-side demand for sovereign debt bonds.

And yes it would lead to global depression financial markets this time, not the general economy (already in depression).

She's warning the sovereign debt bubble will collapse unless somebody keeps buying the stuff, inferring ECB should keep buying it ...or start buying it ...or start buying more of it.

She's admitting IMF can't keep buying it, they're running out of money.

I would welcome a sovereign debt collapse.  Bring it on.  Nobody buys any more sovereign debt.  Pop that last remaining bubble in the financial world.  Watch euro sovereign debt collapse.  Watch US sovereign debt collapse too.  And yields skyrocket.

It's happening in Greece now.   Greece govt bonds are collapsing in value, yields skyrocketing, because nobody wants them

...except hedge funds ...because they think they'll be able to sue Greece for full recovery ...which ain't gonna happen.

misterc's picture

"Siam pronti alla morte. Siam pronti alla morte, L'Italia chiamò."
Excerpt from the Italian national anthem ("We are ready to die, we are ready to die, Italy has called") 

Ghordius's picture

The most ironic national hymn of all. Italy never calls, or at least not the right number... I usually sing it under the shower, right after Einigkeit, Recht und Freiheit...

Ahmeexnal's picture

but it has already come...the call of Cthulhu. As we have now entered the year of the water dragon....the year of Cthulhu.

silverserfer's picture

A delicious meat Cthulhu? The end was never so tasty!

Dcheeth2's picture

Ironic. From the world's greatest surrender monkeys. 

ATM's picture

I think that would be the French.

The Italians have simply perfected the art of the full on retreat.

Calmyourself's picture

Two cheapshots:

Why does the new Italian navy have glass bottom boats?  To see the old Italian navy..

For sale: French rifle never fired, only dropped once.

That is all.

GOSPLAN HERO's picture

Treaty of Versailles screwed the Germans.

End result: it made the world safe for National Socialists and Commies.


Randall Cabot's picture

It was a doublecross of immense proportions, enough to trigger mass insanity to a large part of the German population.

HedgeAccordingly's picture

13 handle sell off accompanied this headline.. robots caught the ES pricicely at day's support 1305

slaughterer's picture

Quick, someone wheel Dallara or Ackermann out with some "Greek debt deal is sealed" statement.  

Silver Bug's picture

Greece needs to go bankrupt now! Why sell off all of your valuable assets, and then go bankrupt! Go bankrupt and restart with your assets that have some real value!

Gubbmint Cheese's picture

turn those machines back on.. turn those machines back onnn...

GeneMarchbanks's picture

Greece is out. Iran spigot about to be turned off for them. They want them to beg...

LawsofPhysics's picture

Come on now, many bought the rumor, apparently someone forgot to fix the news.

Mr Lennon Hendrix's picture

It's as if the bankers are telling the technocrats to crush the system!  I wonder, is it because the system is about to fall apart in front of everyone anyway?!  Hmmm....

Randall Cabot's picture

I love the smell of rumor buyers crashing anf burning.

Joe Davola's picture

Yeah right, what's the half-life of this round of tough love.

SheepDog-One's picture

Probly 'good news' somehow or other for US bubble equities though I'm sure.

DoChenRollingBearing's picture

Not that big a drop..., yet.

Still marveling over Tyler's weekend article about Greece and their bonds if they default.  A masterpiece.

ZippyBananaPants's picture

Does anyone know if Seal and Heidi Klum are really gettting divorced?



The Axe's picture

all news good...stocks must go up......Brian must be out to lunch.......NY Fed traders are all hung over after Giant game....please wake up and buy.......

yogibear's picture

This took the EU way too long to do!! Linger and lies. Next onto the next member of the PIIGS that should have never been allowed in the EU.

Take out all the weak countries in order to survive.

monopoly's picture

And we here at Zero Hedge are prepared for this. Posts all weekend about the possible outcome of this latest farce. Glad to be out of this broken, corrupt market.

slaughterer's picture

Rumor battle day.  Wait for the bullish counter-rumor in 15 minutes.  

kurzdump's picture

Rumors, the new weapons of financial mass destruction. Let's print rumors instead of fiat - probably more efficient as it has immediate effect on the markets.

slaughterer's picture

CDSs no longer are valid.  We only have OTC "rumors" now.  They are exchanged on a completely deregulated market too!

slaughterer's picture

US is "decoupled" from Greece.    Nothing about Greece matters anymore.  /sarc

ACP's picture

IMF "loan"? What kind of a BS term is that?

Try IMF GRANT. When you don't ever get your money back, it's called a GRANT. Fucking European schmucks.

Germany needs to learn that remembering their history of hyperinflation means nothing if they don't prevent it from happening again. The Greeks lived off the ocean for thousands of years. Let them go back to their roots.

forexnovaco's picture

traders dont care if things move up or down. as long as it moves they make money riding the waves. if the market moves up or down the journalist will always discover (sarc) some news why its moving.

 price is king

trade what you see not what you think and cut your losses short and let your profits run that is the way to make money in this broken market

rsnoble's picture

Plenty of good technical traders are getting fility rich.  The ones that say it doesn't work just don't know what they're doing.  I can say this because i've witnessed it for sometime now first hand.  Too bad im a broke bastard that paid off all his debt and don't have any left to play the game.

rsnoble's picture

Does this mean buy the dip and wait for the damage control headlines tomorrow? Or will reality make a difference for more than 1 day?  Too bad all the normal people could probably make a good go at civilization but when the trillionaires are in trouble bombs start dropping. Problem is bombs today are just a little more advanced.

AC_Doctor's picture

Time for Germany to fire up the Panzers! 

Instant Wealth's picture

Wait - when calculated per capita, Greece has the largest tank army in Europe ... hmm, but on the other hand, it seems like they forgot to buy the ammo.

Dr. Engali's picture

Will we be talking about Greece this time next year? It's like a fart in an elevator that just lingers around forever.

drider's picture

Although Greek, I have to say that I really enjoyed your comment :-)

sabra1's picture

they won't get any more euros, doesn't say anything about getting more greenbacks!

bgilliam83's picture

Karl Denninger I told you so deflation article to commence in 3...2...1....

DutchMadness's picture

I ' m out and well.  I bought a little house in a small village in Austria, surrounded by small farmers with cows, pigs and vegetables. And a river with mountain-fresh water nearby. Gold and silver coins, a foodsupply,  some cash in different forms, and a 4WD Jeep. Some beer-rounds in the local Bierstube to make friends does the rest. Goodbye to the financial illusionists.