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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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I used to be paranoid too but now I know the bastards are after me.
All my prediction charts are now in one place without unnecesary text:
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Please visit!
Very interesting. I think your Brent Crude is a bit bearish though.
Quite so, can't keep Deutchland waiting can we? after all 'Deutchland Uber Alles' . Small changes only.
Welcome to the "Bizarro dome" kids!!! Everybody go to the library or order Bernay's Propaganda or Ellul's Propaganda...These two books are/were totally off the radar but!!??...Get ready to increase your IQ by atleast 10-20...If not more!!!!!!!!!!!
I read Bernays many years ago, man I really believe if people have not digested such books theres no way they can see whats actually going on.
Sheep dog, Don't forget Ellul's...Both of those books are required reading on ZH...I would put the average ZHer's intelligence against any other demographic out there regardless...This would just be the cherry!!! Round em' up Sheep dog!!!
you know they are fucked now when they allow a referendum
Good call pap. Now when the Greeks vote in austerity and bailouts, they can only blame themselves for the riots.
He asks for a referendum and the same time he will start negotiations with banks? Great plan!
This wasn't part of the plan. Was it?
Tylers once again, good work. One of the first sites out with this. Fuck CNBC and their cheerleading. Shit is starting to unravel for reals.
Greece can't afford to pay CNBC to cover this...
That's the problem, MF Global were paying CNBC to pimp the Greek economy but MF Global defaulted on CNBC so no more pimping. Interestingly I just heard the news on CNBC, presumably just the European one?
G-Pap sees checkmate, tosses the ball to the people so they can take some of the responsibility.
The State knows all, provides all -- until the wheels come off and then the people are given the power to choose between the shit sandwich and the dung burger.
A Greek, Irish and a Portugese walk into a German bank.
Says the Greek to the others: I'M OUT! SEE YA!!
And the Irish and Portugese say:.....
...unless this is a prelude to the biggest shakedown yet.
Holy Freakin' Pope!
You can never trust a Greek Orthodox @#&**#@!...
The French invade the Rhine to make good on reparation payments... oh wait,, that was 1922. Maybe they'll invade Greece and TAKE their bonds worth.
IMF/EU say no to a referendum.
Even Comcast Bob Psiani correctly saying todays real story is Italy debt surpassing 6% and the impossibility for Italy to rollover its debt at those rates, and adding that G-Pap calling for a referendum, combines to the real market concerns.
How do we press the fast forward button in this default? The tedium of watching the successive attempts by world leaders and bankers to writhe and wriggle out of the bonds of reality is becoming painfully repetitive.
Let's see some repricing of the junk bonds already and some differentiation in stocks.
...crisis fatigue.
ok, folks, the only option left is the use of force.
Let's see how may times it will take for the referendum to get the "right" vote.
I still say the full unification of Europe is a done deal. Look at the announcements.... 50% haircut is voluntary. You cannot make this stuff up. Yet, they constantly get away with it. It is wrong, we all know that. Until somebody actually stands up to the lies, that is all we will get. The rest is bits and bytes in cyberspace.
they will use new electronic voting machine that will be donated by goldman sachs .
votes results will be
52% for
48% against
this is bullish
Good heavens!! Europeans being asked to vote on something to do with the Euro! The system really is breaking down. If the people are allowed a vote who knows what may happen. We can't allow this.
Greeks should hold a referendum on Papandreou's treason trial...
If found guilty...
Guillotine or rope for the City of London / MI-6 / Goldmanite Suchs agent and treasonous worm...
it is great to see europe finalise a thorough set of proposals for the euro and speaking with one loud and clear voice. THE importance of a clear message to the markets being absolutely critical...LOL
BEWARE YEE WHO FUCKS WITH THE PAPS OWN PERSONAL CDS BASED BILLION DOLLAR RETIREMENT DEAL..
Crony Capitalism at Its Best
Managed by G-Paps brother... who bought it off of Greek tax payers unknowingly for pennies on the dollar... er uh euro... er uh drachma...
The NO vote will be 99%
USA, Germany and France should just start a war in Greece. They have made it in Libya, so why not Greece? GDP will rise enormously with all that weapon production.
There is lots of oil in Greece as well.... olive there is.
Natural gas in Crete.
http://www.greeknewsonline.com/?p=16884
Of course, a US company is already exploring natural gas or oil (I forgot) in Cyprus. Cyprus is independent but most of its citizens are Greek. (It used to be Greek.. long story).
Greece has natural resources but there are tricky issues surrounding the exploration, especially because Turkey is none too pleased with these attempts.
I don't know why people make jokes about Greece not having natural resources. It's such a gorgeous country, how could it not have natural resources?
The Mouse that Roared w Peter Sellers, 1959
http://www.imdb.com/title/tt0053084/plotsummary
The Greek Referendum:
Would You Rather Repay Less Than 50% of the Outstanding Debt? Yes No
Ok - time for some math. What does the haircut on foriegn held debt - including ECB, IMF and ESFS - need to be to get to 60% debt to GDP in 2012 - with NO HAIRCUT to debt held by Greek banks, mutual funds or retirement plans?
Im going with 100% - since 120% isnt an option.
Sorry EU. You tightend the screw too much. On the bright side, its good that Germany forced this to happen now, rather then after another E100bbn had been frittered away.
G-Pap insiders are having a shorter's party.
Incidentally, the earliest possible referendum date is in February.
But -- there will be NO referendum. It's just tactical maneuvering to
handle a precarious political situation. He'll find a pretext and cancel it.
No referendum. You heard it here first.
G-Pap is clearly washing his hands as he puts this vote before the public.
No sane political leader would want to decide this on his/her own and live (emphasis) by that decision.
Public will vote against it as they don't understand that being a citizen of a nation comes with certain privileges and liabilities.
Yes, most people like to forget the fact that they're born into a citizenship and unless they move and join elsewhere, they are bound by that citizenship. The Greeks probably think that by voting against the plan, they can keep their status quo somewhat intact.
It's all failing of course. There's no backstop for what is coming. It's all bullshit, all bogus and it will all be exposed for the fraud that it was.
Put your money under the mattresses, stock up as long as you can still buy something of value with money and make sure nobody knows what you have and where you have it. Don't trust anyone and if you have kids, for God's sake teach them to keep their mouths shut. Better yet, don't even share with them how your family is able to survive and live to see another day when the rest of the community around you is starving and dying.
Hunker down time.
One World Government? OK, how about we start with Afghanistan? Oh, that's right, we seem to be experiencing technical difficulties, please stand by....
Those 'technical difficulties' are merely training exercizes by the jackboots. Not to mention perpetual war is a bankster's wet dream.
Seems to me,GPap ankling for bond haircut of %100 by putting up for refferendum.They realy have nothing more to lose.No more bailout funds from EU and he's off the hook with citizenry.Sarcozys' banks must be shitting.Slow motion multi car pile-up in action.
who the fuck would watch telly when you can read this stuff....wow..
Typical political spin.
Greece won't be offered a referendum to get out of the euro. They'll be asked "do you want to keep getting billions from the EU and make those nasty bankers lose a lot of money." Naturally people will vote yes. Then Papawhatever will continue dismantling Greece, using force to do it, and claiming he has a mandate due to the referendum, even though no one was ever asked to vote on what he is actually doing.
If it takes place, it is clearly a win-win for GPap...
Yes -> given the right to continue
No -> "Angela, people, it's not my fault" as one previously said...
Here comes the River card.
Either Europe goes all-in with full on gonzo ponzi QE and political-economic union or the NWO agenda is moot.
I wonder what would be the result of a GERMAN referendum on ruining their own debt-ratio to bail out everybody else?