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G-Pap Speaks Live, Resigns

Tyler Durden's picture




 

Headlines as the outgoing PM has what may be one of his last addresses to the nation.

  • PAPANDREOU RESIGNS
  • PAPANDREOU DOESN'T SAY WHO WILL LEAD NEW GOVERNMENT
  • PAPANDREOU SAYS AIMED FOR CONSENSUS FROM BEGINNING
  • PAPANDREOU SAYS HAS CONSENSUS NOW
  • PAPANDREOU SAYS NEED OF UNITY MORE THAN EVER BEFORE
  • PAPANDREOU SAYS GREECE MUST DO ALL TO STAY IN EURO
  • PAPANDREOU SAYS GREECE MUST DO ALL TO EXIT CRISIS
  • PAPANDREOU SAYS NEED OF UNITY MORE THAN EVER BEFORE
  • PAPANDREOU SAYS WILL DO WHATEVER IS NECESSARY TO IMPLEMENT EU AID DEAL

In the meantime, L-Pap appears to be gone, and with it, the Fed and ECB annexation plans, and instead the speaker of the government Filippos Petsalnikos (or F-Paps) will most likely be named interim PM. What that means for the future of the country at this point is still unclear.

via BBG and Reuters

 

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Wed, 11/09/2011 - 11:58 | 1860967 joq
joq's picture

Another G-pap headline in news and I will comit harakiri

Wed, 11/09/2011 - 11:59 | 1860970 jdelano
jdelano's picture

I like F-Pet better.  As in, soon to become "Fed-Pet"  

Wed, 11/09/2011 - 12:00 | 1860979 fuu
fuu's picture

Or "Fail Pet".

Wed, 11/09/2011 - 12:12 | 1861042 MillionDollarBonus_
MillionDollarBonus_'s picture

All these disrespectful comments aimed at well-meaning politicians are truly sickening. I am an experienced voter, and I can tell that Papandreou is a sincere and trustworthy leader who cares just as deeply about his country as any professional American congressman. Politics is NOT an easy business to be in, and Mr. Papandreou has demonstrated admirable courage and perseverance in the face of harsh and unwarranted abuse. One day our children will look back on the way we treated our hard-working politicians and they will be shocked at how ungrateful and spoiled generation has been.

Wed, 11/09/2011 - 12:16 | 1861062 SteveGennisonBa...
SteveGennisonBallWasher's picture

"I am an experienced voter".   Classic!

Wed, 11/09/2011 - 12:22 | 1861097 WonderDawg
WonderDawg's picture

My favorite part: G-Pap cares about his country as much as any American congressman.

I love irony.

Wed, 11/09/2011 - 12:19 | 1861082 stewie
stewie's picture

Robo, is that you?

Wed, 11/09/2011 - 12:19 | 1861087 gorillaonyourback
gorillaonyourback's picture

lolololol really, all i can do is laugh at this post

Wed, 11/09/2011 - 12:20 | 1861091 Lazarus Long
Lazarus Long's picture

mr obama you really need to stop posting on zerohedge

Wed, 11/09/2011 - 12:32 | 1861144 Lazarus Long
Lazarus Long's picture

PS thanks for the christmas tax

Wed, 11/09/2011 - 12:27 | 1861118 YesWeKahn
YesWeKahn's picture

"Mr. Papandreou has demonstrated admirable courage and perseverance in the face of harsh and unwarranted abuse."

 

LOL, as far as came up with a coup d'etat to justify the referendum, he was very brave.

Wed, 11/09/2011 - 12:42 | 1861183 MillionDollarBonus_
MillionDollarBonus_'s picture

This is where I have to disagree. The Greek prime minister was FORCED to hold a referendum due to domestic pressures and violent threats from his ungrateful constituents. We are now all paying the price for this failed policy of holding referendums on complicated economic issues. These issues should be left to economic PROFESSIONALS with experience in top academic and financial institutions only. This is what the markets have been telling us for a long time. This is a time for professionalism and excellence in the political process, and is not a time for wearisome and tedious referendums that impair vital economic progress.

Wed, 11/09/2011 - 12:50 | 1861221 Black Forest
Black Forest's picture

Ben, enough is enough. Go back to the printer.

Wed, 11/09/2011 - 13:06 | 1861280 Silver Bully
Silver Bully's picture

' This is a time for professionalism and excellence in the political process . . .'

 

Sieg heil and vive le empereur! Hail to the chief and meet the new boss!

Harumph, I say! Harumph! We gotta protect our phoney baloney jobs!

 

http://www.youtube.com/watch?v=uTmfwklFM-M&feature=related

Wed, 11/09/2011 - 14:21 | 1861764 Sathington Willougby
Sathington Willougby's picture

 

Buwha hah ha ahahahahahahahahahaha

hahahahahahahahahah

hahahahahahaha

hahahahahahahahahah

hahahahahahaha

hahahahahahahahahah

 

hahahahahahahahahah

 

hahahahahahahahahah

 

hahahahahahahahahah

 

hahahahahahahahahah

 

hahahahahahahahahah

Wed, 11/09/2011 - 13:31 | 1861373 Fozzy Slippers
Fozzy Slippers's picture

you should really be spending your time securing a rat hole to hide in. Not bothering good righteous hard working common folk on ZH.

Wed, 11/09/2011 - 14:55 | 1862057 Elwood P Suggins
Elwood P Suggins's picture

Do you have any other experience?

Wed, 11/09/2011 - 15:50 | 1862547 Black Friday
Black Friday's picture

Such wonderful satire does not warrant 19 down votes...sad people can't tell the difference.

Tue, 11/15/2011 - 14:08 | 1879634 PanGlossius
PanGlossius's picture

Are you then positing the moniker "Smear-Pap?"

Wed, 11/09/2011 - 12:05 | 1861004 CPL
CPL's picture

FedPet...sounds good.  Let's roll with it.

Wed, 11/09/2011 - 14:20 | 1861753 Sathington Willougby
Sathington Willougby's picture

 

Sounds like Federast.  

Wed, 11/09/2011 - 12:22 | 1861100 TruthInSunshine
TruthInSunshine's picture

 

 

 

Mayer Amschel Rothschild from the grave:

All your gold, land, toll roads, utilities & anything else of actual value (as in, keep your EUR or whatever toilet paper you use as currency) are belong to us.

Opa!

(Incidentally, Colonel Q got the Moe Green Special for not having a central bank under the fractional reserve racketeering umbrella, and his good buddy, Silvio Berlusconi, now faces an uncertain future for what reason? Anyone? Bueller?)

Wed, 11/09/2011 - 13:46 | 1861428 Instant Wealth
Instant Wealth's picture

The full name is Philippos Petsalnikos. We have a P-Pet.

Wed, 11/09/2011 - 12:21 | 1861072 The Big Ching-aso
The Big Ching-aso's picture

 

 

Pappy days are here again.

Wed, 11/09/2011 - 13:06 | 1861278 Nigh Eve
Nigh Eve's picture

Don't worry.

Here's another retirement that will probably get much more press coverage (if you live in or near Pennsylvania).

http://www.bloomberg.com/news/2011-11-09/paterno-to-retire-as-penn-state-s-coach.html

Wed, 11/09/2011 - 15:49 | 1862544 Freddie
Freddie's picture

Maybe he can become the new President of Penn State or he can coach the Nittany Lions.

Wed, 11/09/2011 - 11:59 | 1860968 YesWeKahn
YesWeKahn's picture

Do we still care about the greeks?

Wed, 11/09/2011 - 12:03 | 1860986 GeneMarchbanks
GeneMarchbanks's picture

You will when they default big, as in, 80-90% write-offs...

Greece is back!

Wed, 11/09/2011 - 12:06 | 1861011 CPL
CPL's picture

...like the clap after shore leave.

 

It will be greeted with the same enthusiasm.

Wed, 11/09/2011 - 12:08 | 1861031 Skeebo
Skeebo's picture

Yeah, but that won't happen until everyone is paying attention to somewhere else.... Italy anyone?

Wed, 11/09/2011 - 12:17 | 1861073 topcallingtroll
topcallingtroll's picture

Isnt greece two percent of EMU GDP?

If so, then I am beginning to wonder if the banks are themselves promoting this unwarranted hysteria to avoid taking major losses. Might effect bonuses but doesnt seem to be an extinction level event.

Who benefits from this exaggerated hysteria?

Wed, 11/09/2011 - 12:02 | 1860990 HelluvaEngineer
HelluvaEngineer's picture

Why can't this clown just go into the dustbin of history already?  He's just going to come out every friggin day to reaffirm that he he resigning, which will kick off yet another mid-day reversal.

Wed, 11/09/2011 - 12:19 | 1861084 The Big Ching-aso
The Big Ching-aso's picture

 

 

More importantly, do the greeks still care about the greeks?

Wed, 11/09/2011 - 12:00 | 1860974 sampo
sampo's picture

Filippos Petsalnikos (or F-Paps)

 

F-Pet?

Wed, 11/09/2011 - 12:00 | 1860976 AngryGerman
AngryGerman's picture
  • PAPANDREOU SAYS HE IS LOOKING FORWARD TO NEW CHALLENGES AT GOLDMAN SACHS
Wed, 11/09/2011 - 12:00 | 1860977 Hansel
Hansel's picture

SNAFU.  SSDD.  BTFD.

Wed, 11/09/2011 - 12:01 | 1860981 slaughterer
slaughterer's picture

Last we will see of G-pip.  EUR/USD pip traders will miss him.  

Wed, 11/09/2011 - 12:02 | 1860989 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

...looks like the PPT's bots are arriving to save the day. Trade this market?...you are kidding right?

Wed, 11/09/2011 - 12:03 | 1860992 Subprime JD
Subprime JD's picture

Bye-bye G pip.

Wed, 11/09/2011 - 12:03 | 1860993 Segestan
Segestan's picture

What euro state wants to even be apart of a failed experiment? and to suffer from that membership? Conclusion: the EU is done.

Wed, 11/09/2011 - 12:04 | 1860997 slaughterer
slaughterer's picture

Bot levitation off of 1240 support.  Text-book HFT play.  

Wed, 11/09/2011 - 12:07 | 1861019 slaughterer
slaughterer's picture

Cue Lagarde now, and then Clearnet, and then perhaps add a little Sarkozy at 3pm--feed it into the HFTs, we will close green!  Confidence, confidence, confidence.  Just repeat this word as much as possible for the HFTs.

Wed, 11/09/2011 - 12:19 | 1861080 Dapper Dan
Dapper Dan's picture

There is no place like home, there is no place like home,

there is no place like home,

to bury my gold and silver,

follow the yellow brick road,   thank you L Frank Baum

From Wiki http://en.wikipedia.org/wiki/Political_interpretations_of_The_Wonderful_Wizard_of_Oz

In a 1964 article[5], educator and historian Henry Littlefield outlined an allegory in the book of the late 19th-century debate regarding monetary policy. According to this view, for instance, the "Yellow Brick Road" represents the gold standard, and the silver slippers (ruby in the 1939 film version) represent the Silverite sixteen to one silver ratio (dancing down the road).

The Wizard symbolizes bankers who support the gold standard and oppose adding silver to it... Only Dorothy's silver slippers can take her home to Kansas", meaning that by Dorothy not realizing that she had the silver slippers the whole time, Dorothy, or "the westerners", never realized they already had a viable currency of the people.[

Wed, 11/09/2011 - 12:07 | 1861024 Lone Deranger
Lone Deranger's picture

I cannot believe this tidbit of talk is actually causing the EUR/USD freefall to hesitate.  People are on some pretty good drugs - and their NOT sharing!!!

Wed, 11/09/2011 - 12:08 | 1861030 San Diego Gold Bug
San Diego Gold Bug's picture

everytime G-Pap speaks I buy more gold....working well so far!

Wed, 11/09/2011 - 12:20 | 1861088 I Got Worms
I Got Worms's picture

Kinda like a drinking game.

Wed, 11/09/2011 - 12:10 | 1861036 slaughterer
slaughterer's picture

Now we got G-Pip and Silvion out, why don't we just replace all of the EU leaders with IMF and GS alumni.  How about Hank Paulson to lead Spain, and let's put Strauss Kahn back to work in Portugal.  

Wed, 11/09/2011 - 12:16 | 1861065 Comay Mierda
Comay Mierda's picture

seriously why the fuck cant the PIIGS just hold a joint press conference and say "fuck you all, we're gonna do our own currency thing" and just default already.  who do they think they are kidding with all this bullshit of "we'll fix our problems"?

Wed, 11/09/2011 - 12:19 | 1861081 nobusiness
nobusiness's picture

Don't we have a real problem when Leaderless contries are viewed as better than when they have a leader?????

Market rallies everytime a country's leader steps down with no replacement??

Wed, 11/09/2011 - 12:19 | 1861083 lizzy36
lizzy36's picture

So they played a best 2 out of 3 rock paper scissors in Greece and they still don't have a loser.......rally on dudes.

Wed, 11/09/2011 - 12:21 | 1861096 HaveBallsWillJuggle
HaveBallsWillJuggle's picture

F-Pap? How do you get F-Pap? Come on! F-Pet maybe. Sometimes you guys to far.

Wed, 11/09/2011 - 12:25 | 1861110 Ignatius J Reilly
Ignatius J Reilly's picture

Simon Says is a much easier game to play.

Wed, 11/09/2011 - 12:47 | 1861207 Dick Darlington
Dick Darlington's picture

Calling the Mr. Ponzimaster Rehn! How's that Sunday night "last ultimatum" doing? He gave Greece 24 HOURS to sort this new golden unity gubbmint out and to name a new PM. Well, yeah, it's only Wednesday evening in Greece... No hurry, no hurry at all. Mr Rehn, how does it feel to have your tiny little balls squeezed by hairy greek hand?

Wed, 11/09/2011 - 13:32 | 1861378 812
812's picture

Mortgage the graves BITCHEZZZZZZZZ!!!!!!!!!!!!

Wed, 11/09/2011 - 13:36 | 1861393 Fozzy Slippers
Fozzy Slippers's picture

Slip out one Bilderberger. Slip in another Bilberberger. Greeks get your pitch forks,rope and molotovs ready.

Wed, 11/09/2011 - 13:38 | 1861402 mantrid
mantrid's picture

NEED OF UNITY

 

like.. fiscal unity?


Wed, 11/09/2011 - 14:55 | 1862061 Grand Supercycle
Grand Supercycle's picture

DOW chart reveals very overextended price action and another Wile E Coyote scenario...

http://stockmarket618.files.wordpress.com/2011/11/2011-11-09_dow_4_zb.png

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