G-Pap Demands Referendum To Rescue Plan, Seems Set To Throw In The Towel
It appears the Greek leader has had it, and is officially throwing in the towel, leaving his citizens to tell Europe to shove their perpetual bank rescue plan, via Bloomberg:
- PAPANDREOU SAYS NEW GREEK PLAN MUST BE PUT TO REFERENDUM
- PAPANDREOU SAYS GREEKS CALLED ON TO CHOOSE ON COUNTRY'S COURSE
- PAPANDREOU SAYS CALLS FOR VOTE OF CONFIDENCE ON POLICIES
- PAPANDREOU SAYS GREEK DECISION WILL BIND ALL POLITICAL PARTIES
- PAPANDREOU SAYS REJECT ELECTIONS AT THIS TIME
Naturally, with scenes like this one from last week, don't expect a glowing Greek endorsement of abdicating national sovereignty to the European superstate. In fact, expect the opposite. And with that, preparations for a Greek exit from the Euro and Eurozone begin in earnest. Needless to say, Deutschland is not too happy.
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meanwhile back in the United States of Corporations, Spiegel Online (Germany) looks at if America has Become an Oligarchy (yes!)
http://www.fundmymutualfund.com/2011/10/spiegel-has-america-become-oligarchy.html
Turns out that there are lies, damn lies, accounting lies and the worst of all - Greek lies.
G-Pap just got his ass "saved" and now he wants to put the decision up for referendum? This is trully getting more absurd with every day. If only Jonathan Swift were alive today.
I have been running the popcorn machine pretty hard now for months. Looks like I will have to buy a new one...
And this time, popcorn in bulk!
Easy on the salt.
Order yours while they last:
http://www.factoryauthorizedoutlet.com/funtime/products/FT825CB-SK.asp?rt=2
Papcorn?
I am pleased, I hope the Greeks vote the rescue package down and declare their exit from Eurozone. Then the whole Euro-prison can collapse and national currencies and national responsibilities can be re-established over the current leeching system.
It won't be fun for the Southern Europe, though, or to the banks and investors who have invested there. Better put your Euro investments in Northern European countries now.
My Big Fat Greek/Italian/Spanish/Portugese/Irish/French haircuts.
Or Eurodebts converted to devalued domestic currencies.
GRIECHENLAND ANSCHLUSS!!!
And in France: Maginot Line re-activated, and crash re-forestation project in the Ardennes.
OPA! PAPANDREOU.. jack ass
Who would want to run that shithole? The Germans? lol
Yeah G-spot probably got death threats and finally realizes that he better do what the people wants, not what the bankers want.
Which ones? The German or Greek ones?
I think I'd go with Rabelais; this is getting Gargantuan. Milestones
I think he found out how much he is giving up by taking their plan. He wants the people to say F it and default pure and simple.
Good riddance, Greece.
nice tits, but not so sure on the comment
your analogy fails me... leading a horse to water is to lead a horse to sustainability. leading greece to accept another bailout is to lead greece to death. how do the two compare?
Will you say good riddance when Portugal, Ireland, Spain and Italy follow suit? They will you know as there is no alternative short of total debt jubilee
Absolutely, baghead. Let them go, if they wish to do so. Why would anybody throw more money after these...? It would lead to a painful decade but it will also be very cleansing.
I for one produce enough milk to stay afloat...!
Much like Socrates, the horse was lead to drink hemlock. Turning and running may not have been a bad idea.
Yes, if they want to keep their various PONZIs running, they better do it in Olives, Ouzo and Drachma than playin' with hard money... I'd say gogogo, but I fear Merkozy will come up with some new accounting trick...
G-Pap was born in the good ole USA (Minnesota). He was educated in the USA. His mother is American, not Greek. He seems to think in English, as it is often noted that he makes mistakes when speaking Greek. So I would say his lies, and I believe there have been plenty, are grade A American.
Referendum vote held = austerity fails = Greece declares bankruptcy = All major banks collapse = economy goes down = local barter economy surfaces
YEAH!!! Let's get it on!
Good thing I know how to make cheese.... stuff will be like gold!!
Escpecially if it's got ELECTROLYTES!!
Its got what Greeks crave
HaHa Yes!
The years passed, mankind became stupider at a frightening rate. Some had high hopes the genetic engineering would correct this trend in evolution, but sadly the greatest minds and resources where focused on conquering hair loss and prolonging erections.
My favorite movie!
" Do sumthin smart!"
My girlfriend is pretty good at churning butter, but I have no useful skills.
(I might be overcaffeinated this morning)
Not a very hygienic GF.
Mine juices grapes pretty well...with her feet of course
Are you hiring? I can cut the stuff like a champ.
YEAH!!! Let's get it on!
LIKE DONKEY KONG!
...so glad I don't have kids. An ugly world awaits them.
Brace for impact, perhaps - looks like this might FINALLY be it.
I second this. My chick wanted to have kids. I told her to look around at this grossly overpopulated shithole of a planet, and asked, "are you fucking crazy"?
Planet"s not going to be overpopulated for long. Once people start viewing other people as a food source.
Soylent Greek!
She will be happy to overpopulate the world with somebody else... you determination is a non-sequitur.
Problem is, most smart, kind people think like this, leaving the world to be populated with tons of half wits and sociopaths.
Beat up your significant others uterus, and make the world a better place.
... = markets go up (?)
the markets seem to be assuming this is purely political rhetoric, but if it ends up being substantive its huge. he wouldn't leave this decision in the hands of the citizens who are sure to vote no unless he had a plan for negotiating a larger haircut. i then wonder how far they can go before this default... i mean haircut is no longer voluntary.
I think I will trust the markets on this one. He may just be buying time-- All the other parties in Parliament have been calling for early elections. A referendum, and a postponement of it, and further postponement of it, will give him plenty of time to sell what is left of Greece.
Bloomberg radio just said the DOW was up 150 pts. <rolleyes />
'It's not my fault' - GPap.
Better ... "Wasn't me" (a la Ali G)
But i didn't do anything!
I swear to God, Angie, if you tell me to suck your dick one more time, I'm quitting and taking the whole damn thing down with me.
- G'Pap
'It's not my fault' - GPap., 2011
'It's not my fault' - Obama., 2009
A real G-Pap smear campaign if I ever saw one.
Bout time !!
Ya mas!
Meanwhile the EFSF says, "As you can see, there is nothing up my sleeves."
It's not polite to point.
Exit from a union? Unpossible!
No wonder NATO is leaving Libya, they've got more heads to bust.
Protect civilians!!
No, not THOSE civilians. THOSE over there!
NWO Police, butts,... they gots to do sometin bout them's intimidating 'Blue Helmet's, when thems come to wall street
See blue shoot to kill
Selective democracy:
You get direct democracy, if you will vote for what i want anyways. And you can get immediate elections, if you will vote for me anyways. In the absence of those two cases, STFU serf.
Ice-Iceland baby!
Or if you prefer: Under Pressure
http://www.youtube.com/watch?v=YsSlNFTjxss
| / _ and the dominos start to fall?
Did someone say Domino's?
http://lyricsg.com/44610/415 / pop 2.81843 / exp 0
Van Morrison Domino lyrics
http://www.youtube.com/watch?v=16_RNvYWogs
Bring on the pain (to the banking sector). Greek people are gonna knock over the first domino.
www.pmbug.com
Nice website!
100% haircut here we coooommmme! And next: Italy 50% haircuts.....now that Greece is outta the way, they might as well go for their own hair trim.
I got a new one....
=======================================FUCK THE EUROZONE====================================================
It's already fucked.
And with that, preparations for a Greek German exit from the Euro and Eurozone begin in earnest.
FIFY.
Man, I never do that! I think it's the first time for me, in fact. A "strikethrough" virgin.
Was I good? LOL
Huh? No coverage anywhere else. Instead, we are treated to the BlowHorn [CNBC]analysis of Bob Pisani, which seems to begin and end at, "Italian bonds over 6% is not a magical thing." But accounting fraud earnings pixie dust is?
Really Bob? How about that rate on long dated US T bills...in about thirty days when the unconsititutional Super Committee fails to acheive...anything?
How the hell does Bob "hedge fund parrot" Pisani still have a job? Is his primary qualification his lack of curiosity?
Bob Pisani is one of those dudes that thinks he's still back in 1987 covering the crash.
He overplays his hand each and every fucking day and I'm tired of his nonsense.
Too many CNBC bitches and not enough slaps to go around.
No coverage anywhere else?
The BBC headline story is.. http://www.bbc.co.uk/news/world/
The Greeks are figuring the shit out... 75% debt reduction proposal up next.
No way people accept the ``rescue plan``...
What they should do is a referendum on ``Do we stay in the Euro or not?``...
Today's the day for Greek appearances, it seems:
ISDA Says 50% Greek Bond Haircut "Appears" Voluntary
It appears the Greek leader has had it
He's pissed he cannot collect on his long CDS bets...
Good. He should have put it to a vote a year ago. The Greeks will of course reject this package, and DOWN GOES FRASIER- whoops, I mean- DOWN GOES THE EURO.
Just curious, but when he says "Greeks must choose" what he really means is "Greek Politicians (lackeys) must choose". No?
How will this change from before?
LOL
Not even the perma-cheerleading BlowHorn [CNBC] carried this story...to my knowledge.
The death of all credibility, be it in markets, currencies, or integrity of word...is a slow and painful thing...until it isn't...and comes then the plunging and screaming.
the gpap family needs more time to smuggle all of the greek gold out of country, gold that it has stolen from the greek people. so gpap calls for a vote from the sheep. yep, stalling for time............
Plenty of ships to hide the gold...
Massive spate of boating [shipping] accidents to occur as Greek ships barely float.
Greece will leave EZ, and maybe stay in EU. They will default on 100% of private GGB. This will bring their Debt/GDP to something like 80% which will be manageable, if they get their shit together.
Paging that little Frenchman....
80 percent debt /gdp ratio is manageable? how can this be? you are dreaming. no way.......it is over for greece justl like it over for us. we are greece, soon enough....
What will not be paid, won't be paid. Debt is just a promise. Of course, consequences from the lenders will follow. Which probably will mean, that while being free of most debt, you'll be isolated and on your own.
A lot of things are doable. Most of them are "politically impossible" in what nowadays is called politics.
i think all of this stuff is happening now for a reason. it may be fixable but it won't be fixed. it really isn't about politics. imho. it is a time of the world in which we live in. certain individuals , in multi generational plans conceived long ago, have been working to achieve the goal, one world government. they are close now. so close they can taste it. they want it. they want it badly. it is our job to stop them.
being frozen out of debt markets is a huge part of the solution for over indebted people, corporations, or states. This forces the entity to live within its means and develop sustainable spending habits.
G-Pap will be missed by some. But the sheer volume will insure he gets hit.
It will be very difficult for the 'Greek on the street' to continue with the EU...The politicians and the plebs are two different entities with diverging motivations...This is a mess...Buy Gold.................
Apparently 50% haircut was not enough and it only affected private investors.
Not ECB which has bought a lot of greek debt.
BTW, what is the name of the Greek finance minister, Kleptopopoulos?