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Germany To Vote On Greek Bailout Next Week
Think the ECB announcement to do undergo a pseudo OSI impairment is a done deal? Not so fast - Germany may yet throw a wrench in there. According to Bloomberg, next week German lawmakers will conduct three votes on Greece among which:
- the €130 billion Greek bailout package... Wasn't it €145 billion by now?
- the empowerment of the EFSF to guarantee Greek government bonds held by the ECB
- the guarantee of Greek government bonds held by private sector after the debt swap
So while according to "sources" the ECB has already reached an "agreement in principle" to provide Official Sector debt relief, Germany may once again come out of left field with a blocking veto after German taxpayers realize that once again the ECB is throwing money down the drain on its Greek bond holdings, because as pointed out earlier, someone sure is taking a loss on those very same Greek bonds, no matter how convoluted the ECB-EFSF non-arms length and incestuous relationship.
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Now is the time for the German Taxpayer to say "HELL NO".
When they say NO battle AXE, will chop my dick and feed it to the Dawgs, OK?
Ok, that is an interesting bet, but given the sentiment of the German public that was posted on ZH yesterday your dogs might be getting something new for dinner resurger(but alas I think you are probably right, the Germans are nothing if not obedient).
Here's the nasty part....there's incentive for Greece to make this deal, take the money and then default:
http://blogs.wsj.com/eurocrisis/2012/02/08/greece-should-take-the-money-and-run/
Were Greece to default and withdraw from the euro once it gets the latest chunk of euro-zone cash, it could renege on its external debts, public and private, lifting an enormous burden off its people’s shoulders.
It wouldn’t need access to international markets once it didn’t have to worry about debt. A devaluation of the new drachma would make the economy instantly competitive, allowing it to eliminate its current account deficit.
What’s the downside? A bunch of irate Germans. But they’ll be irate whatever happens.
No worries! The German parliament is not representing the interests of German taxpayers.
- That would be quite an idealistic idea of democracy.
right, only the parliament hast to vote on the bailout and at the moment, they don´t give a fuck about the interests of the german tax payers ... ´there are no elections in sight
***BREAKING NEWS ALERT - cnBSc FINANCIAL NETWORK***
***THIS HAS BEEN A BREAKING NEWS ALERT - cnBSc FINANCIAL NETWORK***
This scenario assumes the Greek Oligarchs are a) clever b) have balls, to then go all the way.
All they have shown us is : a) they are corrupt b) sold out to GS c) owned by EU corpocracy d) scared of being lynched at home.
Not the stuff you make nation building leaders with. Move on. They stay paid hacks, servants of bigger, corrupter Oligarchs than they. There is a pecking order in Eurozone; of corrupt, corrupter corruptest. And its not the Greeks who are in running for gold medal.
It will pass. Whether it should or not is another story, but this will pass because, in the end, the german people demand cheap vegetables.
Merkel's been thinking for weeks
It's time to abandon the Greeks
Then Mr. Rompuy
Said, "Pretend you're a boy"
"And tell them to spread-out their cheeks!"
:)
Yay! My vote counted for something!
I visited (from WI) the caucus with a friend and now I know why Paul hasnt done better.
They started voting without anyone giving a speech or being asked. This didnt happen in every precinct but other rooms said no one wanted to speak. Fortunately one brave soul got up and spoke for Dr Paul but as he was speaking ballots were being collected so no real help.
If you are in a Caucus state print the statement letter for Ron Paul and take it with. If they ask if you want to speak say yes. If they gloss over that part stand up and say stop. I want my voice heard.
Believing inst enough. Doing everything you can may not be enough but at least be able to say...I left nothing on the table.
No way Ron Paul gets the nomination, he is just setting it up for Rand to run for 2016.
If the Bundestag should fail the approve it, I would go and bonk my dog.
yep, those most likely to oppose it are members of the CDU & FDP governing coalition. If they fail to get a majority, the opposition party SPD will step in to get it approved.
Can someone please explain when greece's time is up ?? i thought their payments due on March 20 needed to be setup 6 weeks prior ?? that would make today the final day to get this resolved ????
Drop dead date, due to legal requirements of paperwork, etc. is supposed to be Febrary 15th - i.e. one week from today. But that may be as much bs as the rest of this circus...
NFP
Suuuuuuuure. They'll say "Hell no!" by passing it by a wide margin.
Merkel's approval rate is currently in the mid 60ies. She is not going to gamble that lead away (fed elections spring 2013) by saving those Greece "churki" and eating Tsatsiki for the rest of her life...
It's time for every country that’s debt is sky rocketing to say HELL NO... Debt based money systems are a form of gradual wealth confiscation. Period.
Don't call it a Greek bailout. It's a bank bailout.
So true
classic diversion of attention from the evil banks to those lazy greeks.
msm on board with that.
Bernanke and Obama will do whatever they can to make sure US citizens pay their fair share of bailing out Europe.
I am sure video of the German flag being burned will do wonders for motivating German legislators to bail out Greece.
I can tell you it would upset them 1000x more if it was an Israeli/Jew flag, if the Greeks did that they would be out on their ass in a blink of an eye, you know what colour toilet paper has after you use it? it's Black/Red(Brown)/Yellow(depending of what you ate that day) exactly the colours of the German flag(I wonder who picked them? hmmm)
Hehe ... at least in one sector, the Greeks seem to be leaders in Europe: xenophobia. Check out the official "Eurobarometer Special Survey #138 Racism and xenophobia in Europe".
http://ec.europa.eu/public_opinion/archives/eb_special_140_120_en.htm
Looks like I will never consider moving to Sweden, but I am not really xenophobic just .. xenosceptic
Non-arms length?? Is that a bond term
No firearms have been utilized (yet!)
Support for German Chancellor Angela Merkel’s party bloc rose to the highest since before her re-election in 2009, pointing to voter backing for her handling of the European financial crisis.
Merkel has been brilliant - turning a majority lead in her first election into two Coalitions because Voters were turned off at the ballot box
I'm not sure why you were trashed for passing that along.
Yes the people have been yet again successfully duped into voting for the lesser evil
Stabeeleteee!
It's inevitable, it's your destiny!
The German Taxpayer can say "Hell No !" but it will have NO EFFECT. Germany is a Party State with 40% MPs being Civil Servants (Beamte) still getting automatic promotions in their old jobs while being legislators. Many of them are "on the List" whereby Voters vote for a Party and for a Candidate. The Party has a list of candidates - usually people like Kohl were at the top and automatically re-elected when their Party got >5% Votes. This brilliant system was imposed on Germany by the Allies so strong government could never return as in 1933-1945 - the only time Germany had strong government.
So the Party Bosses will mean in Tammany Hall and decide "what is good for Germany", "what the Americans want", "what the historic guilt the Germany people bear and must constantly atone for by being patsies for everyone else", and how "Europe will never forgive Germany for not being broken".
Then the MPs will Vote through all the measures Angela and her sidekick Wolfgang Schauble decide that Josef Ackermann and Deutsche Bank demand. They will sacrifice every last man, woman and child on the altar of their hubristic monomania just like their predecessor did in Berlin in May 1945
SOLIDARNOSC!
Bitchezzzzz :)
just say, NIEN
Watch for Greece to agree to the golden fleece/ bailout BEFORE the German vote...
The can is getting bigger than Ms Merkel's ass and soon will be too big to kick down the road.
Yeah, I've been saying the same thing for a couple of years now. My sanity is teetering. I've given up trying to figure out when the can is too big to kick. Now I just watch in amazement as more and more absurd bullshit is foisted on the world and is accepted as truth.
Me too. There will never be a bailout. They will lick the can until the wheels fall of the Fiat Ponzi.
If they bailout Greece, they bailout Portugal/Spain, etc. If they don't then the rest deault. It is a lose/lose situation for them, and they will kick this can until March 20th when Greece has to roll the bonds.
The others are in better (relative) shape than Greece to save save the EU they should sacrafice Greece...
basically it all comes down to sticking your cash under the mattress in case deflation wins but maxing out your credit cards on pm's should inflation win.. don't forget to default on your cards if the later occurs... stay focused man, get a grip, you can do this.
Thanks, dude, I'm trying to stay focused. As you know, it gets harder and harder every day. I'm starting to wonder, though, if they can't keep this thing (all markets, RE, equities, bonds, etc.) propped up forever. I mean, I know they can't, but fuck, when does the bullshit ever stop?
Youre in my head man, and its freaking me out!!
"There will be a bailout!!!
Someday!!!!!!!!!!!!!"
-Europe
http://peanuts.wikia.com/wiki/Football_gag
football = bailout ?
DOW 13k enroute. Everything is glorious.
... everything's fine
Greece, take the ECB for all you can and default, like a business going bankrupt. Clear off your debts and restart new without the austerity. The ECB can just print up more and lie to cover up the losses.
This could be an eventual outcome unfortunately... TAKE THE MONEY AND RUN...
ECB is fueled by National Central Banks which are a kind of the regulator of all national banks, correct? Thus the ECB's wants funding from the governtments through EFSF but the national banks have to write down their debt to Greece.
Other way around the ECB's giving free money to national banks to save their governments which will probably lose their money as the governments are facing a depression. So the ECB's can then buy everyting and own everything for a dime.....
Just like old times!?
Merkozy- WINNING!
When economic and financial logic meets electoral illogic and elector gut feeling panic...having expended itself dry fighting Greek crony capitalism in Syntagma daily cry. Will Merkel have the guts to ramrod the German assembly like Mannschaft penalty kicker?
Expect all outcomes as in chaos theory. Merkel's butt, juicy as it is, could get kicked around like Becky Vicky's boobs, in the foreplay leading to crucial vote. But this time the Deutsch public is not asked to express gut feeling vented in media shrilling; keeping in mind that next year's elections will be a game where there are many teams but only one winner, the people's Mannschaft. So Merkel will be Mannschafted next year for all foul play next week; and she knows it, but she doesn't own it : her's or Parliament's decision. GS has already taken a put option on it and nobody dare call it. Game already over. Thank you GS/FED, the ECB is all in via back door printing and vaporized mystification.
Germany knows Greece is toast and doesn't want to "butter that toast" before walking away from the table. This is may be the final nail in the coffin.
NATIXIS - GREECE, 31 - 01 -2012
http://www.scribd.com/doc/80922125
PP
NOMURA EU BANKS 2012
http://www.scribd.com/doc/80922141
PP
They will likely vote in favor...when have they not?
Creature of Jekkyl Island - The first chapter is "Bailout is the name of the game"
Greek protesters burned a German flag and a flag with a swastika resembling that used by Germany under Nazi rule earlier today
http://www.youtube.com/watch?feature=endscreen&NR=1&v=vLR3AdKgtgU
http://www.youtube.com/watch?v=XqMt3rWrh_U&feature=related
http://www.youtube.com/watch?v=1KOG_doFQPU&feature=related
GERMANY, the DISGRACE of Europe
..the barbarians, who forced beautiful Europe to get down Zeus’ “back” and made her a prostitute. ...the unworthy Europeans, who in 1945 “took Europe down” from “Mount Olympus” and in 2012 relinquished “enslaved” Europe to the Phoenician loan sharks.
Nevertheless, the important reasons that the organized anti-Greek hysteria that exists in Germany are different. They are related with the real needs of their real bosses and not with the psychological problems the supporting actors face. Germans may aim their “bile” at Greece but they would never dare to assault Greece using so much ferocity. They are too European to dare “attacking” Europe’s “womb”.
Actually, Germans are the first and simply the most enthusiastic “audience” for this anti-Greek mania. Those who really rave against Greeks are others. Germans’ bosses are those raving and not Germans themselves who are just pretending to “lend an ear” …Miserable willing audience. The few Germans appearing to blame the Greeks are just making their living. They are making “their living” like that poor adopted Vice-chancellor. All these people have to serve their bosses and execute their orders.
But why did the Jews create this anti-Greece mania? Europe’s “conqueror” fear of just one thing …they fear of the Greeks …They fear of those who not only did they resist to the Europe’s “falling” but they regained their forces and won all its former enemies. It is these Greeks the Jews are afraid of ...Asian Jews since we should not forget that they are the true children of Babylon that had attacked Europe and lost the war to the Greeks. These are the Greeks that the Asian Jews have as a target and simply the Germans as their most faithful European slaves are "engaged" to accuse their ancient enemies. The accusations against the Greeks are a salaried job for the Germans. The German traitors of Europe along with the Phoenicians from Asia may have forced Europe to get down from the "back” of the Greek “bull”, but it remains to be seen how they shall pull it through with the “bull”... http://eamb-ydrohoos.blogspot.com/2012/02/germany-disgrace-of-europe.htm... Authored by PANAGIOTIS TRAIANOU