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Good Gendarme: Recently Downgraded France Opposes German Demands For Greek "Tutelage"

Tyler Durden's picture




 

Whowouldathunk it - beggars can be choosers. The country which just slashed its economic outlook, and which depends on GermAAAn capital and goodwill to preserve its well-being in the Eurozone, has just decided to pull a good gendarme to Germany's bad [insert the blank] and has voiced its opposition to German demands stripping Greece of its fiscal sovereignty.

  • SARKOZY REJECTS GREECE CEDING BUDGET MANAGEMENT TO EU
  • SARKOZY SAYS NO QUESTION OF PUTTING GREECE `UNDER TUTELAGE'
  • SARKOZY SAYS EU TAKEOVER OF GREECE WOULD NOT BE REASONABLE, "DEMOCRATIC"

Nice try Sarko: somehow we fail to see how FraAAnce's opinion is even remotely relevant in future European decision making at this point. But an admirable attempt by the future ex-president to go for the solidarity bonus points.

 

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Mon, 01/30/2012 - 17:04 | 2110839 VanillAnalyst
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Awww, you disagree? That's so cute.

-Merkel

Mon, 01/30/2012 - 17:11 | 2110874 Ahmeexnal
Ahmeexnal's picture

Scheisskozy sees the writing on the wall.

He knows that if Greece is subdued, Spain, Portugal, Italy....and France will follow.

This means another Vichy regime in Frankreich.

Mon, 01/30/2012 - 17:20 | 2110901 He_Who Carried ...
Mon, 01/30/2012 - 19:29 | 2111220 Eally Ucked
Eally Ucked's picture

So that means that almost all of them agree, union almost created! Just 2 don't agree, probably Uk and .. whatever small country.

Tue, 01/31/2012 - 03:17 | 2112030 AnAnonymous
AnAnonymous's picture

Nope. Cameron consented.

Reported yesterday on this site.

Cameron to nod through EU treaty.

Keep updated. Not that difficult as US citizen nature is eternal.

With a bit of sincerity, you might even manage to predict what shall happen.

Tue, 01/31/2012 - 10:16 | 2112464 Eally Ucked
Eally Ucked's picture

I'm a little confused, so Uk went with all of them? Who opposed then? To clarify I'm not US citizen, even in your meaning of that term.

Tue, 01/31/2012 - 04:38 | 2112078 lewy14
lewy14's picture

@Ax - Didn't down-ding you - your point is pretty much conventional wisdom.

But I disagree.

Sarkozy is simply reminding the Oly Rhen's out there to stick with the script. There is no compulsion in the EU. Everything is voluntary. Bond holder write-offs, "fiscal compacts", oversight, everything. Voluntary, sovereign, democratic. Write it 100 times on the blackboard along with all the other lies of childhood.

Greece will not be leashed, it will be one of those dogs which walks around the city with the leash in its mouth. And no doubts as to who its true master is.

That is the script, that is the plan. Personally, I doubt it will work. Dreams of European unity and hegemony have always been delusional and rested on some falacy or contradiction. Maybe Sarkozy is brilliant and imagines that if the paradox (the chains are not chains because the chained chained themselves) is hidden in plain sight, it will be forgotten by being exposed daily - the population made numb to it.

Try it. Why not? What else they got? Nothing.

Mon, 01/30/2012 - 17:14 | 2110889 FreedomGuy
FreedomGuy's picture

Actually, this is the problem with any "collective". The weakest members get the bennies. Greece can demand a 4% 30yr note the same as the USA but it cannot force anyone to buy them to restructure their debt. However, since Europe and it's central banks are so incestuously invested and have the Euro agreements, Greece holds the short term power. With the Eurozone agreements everyone effectively ceded a large portion of their fiscal sovereignty.

The proper thing to do is to give Greece an ultimatum that they will be kicked out of the Eurozone. They can then publish their own fiat currency and do whatever they think best for themselves. Let's see if the markets will be willing to roll all that debt plus future issues at the historic low rates we currently have...LOL! Yeah, right.

Time for some tough love. But, they are collectivists and collectivists don't do tough love.

Mon, 01/30/2012 - 17:26 | 2110932 FreedomGuy
FreedomGuy's picture

I should correct myself. Germany as the adult in the room and as the primary financier of fiscal foolishness by the Euro members has issued an ultimatum of sorts. I don't know if its a bluff...sort of like the parent who yells and threatens the kids if they don't straighten up but never does anything, but it's the right thing to do. However, the PIIGS and other weak members have an interest in Greece NOT being kicked out. If Greece is kicked out how far behind are Italy, Portugal, Spain, etc.? This is where the collectivism comes in. Personally, I believe they will fiscally rape the taxpayers through the central banks and bad bond issues rather than do the tough love. Once the tough love starts there is no end to whom it will be applied. Then the Euro evaporates or just becomes a German currency and Europe just becomes a political but not financial union.

Tue, 01/31/2012 - 03:26 | 2112034 AnAnonymous
AnAnonymous's picture

Excellent! Tremendous!

What can kicking it is.

First post: the loss of sovereignty has to be done to favour Greece. Greece will be the winner, Germany and pals will be the losers.

Second post: Too cheap propaganda to mean. Had to adjust a bit. The story substance remains the same. Germany can not be on the profit side of Greece losing its sovereignty. But as Germany had made a blatant move, it has to be something else than an assertion of hegemony, US citizen Germans would not do that, right?

So it is a bluff and now, it is not only Greece but a syndicate of smallcountries that rejoice over loss of sovereignty.

WUnderbar. The weak compelling the strong. How charming US citizenish tales can be.

Denial of reality. Can kicking.

People in charge of financial affairs do not kick cans because of some difficult to figure out causes attached to economics, they kick the can because they are US citizens.

US citizenism is once again at the root of the event.

Kicking the can is a prevailing feature in US citizenism.

Mon, 01/30/2012 - 17:05 | 2110842 centerline
centerline's picture

"Baffle them with bullshit" tactics.  Funny.

Mon, 01/30/2012 - 17:05 | 2110843 slaughterer
slaughterer's picture

"Under tutelage"  at least Sarkozy expresses his thought in the language of German idealism (Kant's essay on Enlightenment to be precise).  

Mon, 01/30/2012 - 17:45 | 2110997 Stack Trace
Stack Trace's picture

+10 for reference to Kant! Next we need Schopenhauer, Nietzsche, Husserl, and Heidegger. Then we will cover the gamut of German philosophical thought. Of course the French have Sartre and Derrida!

Mon, 01/30/2012 - 18:19 | 2111093 Dugald
Dugald's picture

Yes, and then there is ummm errrrr awwww.....oh yes Joan of Acre, and then there is errrrr.

Then there is the main problem, they just can't play well with others...! If the best route is to the left they will always go to the right, national trait....Personified by that arrogant clot De Gaulle

Mon, 01/30/2012 - 18:51 | 2111175 Canucklehead
Canucklehead's picture

I think you missed the point.  Sarko just channelled his inner "Leeroy Jenkins"....

Mon, 01/30/2012 - 17:05 | 2110846 CH1
CH1's picture

Sarkozy made the statement after Greece told him to say it or they'd publish a notice of default.

Anything to kick the can for a few more weeks.

Mon, 01/30/2012 - 17:08 | 2110861 Storm Bringer
Storm Bringer's picture

I agree, this is all about kicking the can further down the road.......  

Mon, 01/30/2012 - 17:11 | 2110876 centerline
centerline's picture

Conjuring up scenes from Blazing Saddles again.  LOL.

Mon, 01/30/2012 - 17:06 | 2110849 PontifexMaximus
PontifexMaximus's picture

L'état c'est moi! Dear Sarko didn't get it! Dumbass! Useless "Schattengefecht". Markets will tell him the lesson, dumbass!

Mon, 01/30/2012 - 17:07 | 2110855 Dreadker
Dreadker's picture

The French are still mad at ze-germans for walking around their defensive wall in WWII lol

Tue, 01/31/2012 - 08:27 | 2111142 Dugald
Dugald's picture

Had they only employed Hadrian as designer......or even consulted the Brits, who would have made the line into a square, or the Americans a circle.....the saving grace for Le Frogs is they cause more laughter than irritation..

Mon, 01/30/2012 - 17:08 | 2110858 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

This is a trick to keep everyone's eyes off the ball. 

Look, France and Germany ain't gettin' along again.

While the world goes to hell in a flaming handbasket.

Mon, 01/30/2012 - 17:08 | 2110859 Isa rules
Isa rules's picture

It's called Election Year. Come 2013, Germany & France will have started a new currency together and will promise it to the PIIGS (who will be in old Euro hell) on the condition of handing over the reigns... and they will eventually.

Mon, 01/30/2012 - 17:08 | 2110862 howzit
howzit's picture

Irony within an enigma, cheese eating surrender monkeys defy German leadership posuturing...

 

Mon, 01/30/2012 - 17:08 | 2110864 lex228
lex228's picture

A lovers tiff

 

Tue, 01/31/2012 - 09:22 | 2112280 Archduke
Archduke's picture

the good gendarme vs der bad kommissar?

Mon, 01/30/2012 - 17:08 | 2110865 howzit
howzit's picture

Irony within an enigma, cheese eating surrender monkeys defy German leadership posuturing...

 

Mon, 01/30/2012 - 17:09 | 2110869 Alpacanio
Alpacanio's picture

Maybe Sarkozy should have France (the french taxpayer) annex Greece in their bossum.

Mon, 01/30/2012 - 17:09 | 2110870 TheEmperor
TheEmperor's picture

"Viceroy, remove that stunted slime from out of my sight.

I am sending you my apprentice, Darth Monti, he will teach you in the ways of banking. 

He is your new master."

Mon, 01/30/2012 - 17:12 | 2110881 LetThemEatRand
LetThemEatRand's picture

Merkel to Sarkozy:  "I am your father..."

Mon, 01/30/2012 - 17:13 | 2110887 battle axe
battle axe's picture

NOOOOOOOOOOOOO!!!!!!!!

Mon, 01/30/2012 - 17:23 | 2110922 MsCreant
MsCreant's picture

The Farce is strong with this one...

Mon, 01/30/2012 - 18:44 | 2111158 Dugald
Dugald's picture

"The farce is strong with this one"

Damn! wish I had thought of that!  Good one MsCreant yer blood should be bottled.

Mon, 01/30/2012 - 17:25 | 2110927 Poetic injustice
Poetic injustice's picture

You deserve +1. Poor Sarkozy, he knew it all along but was still shocked.

Mon, 01/30/2012 - 17:22 | 2110875 TruthInSunshine
TruthInSunshine's picture

France, one of the sickest patients in the ER (along with the U.K. - c'mon Cameron, leader of the most indebted developed nation on earth, and breeding ground for the Red Shield Racket, you're up for an asinine comment next, just pror to "this debt ceiling raise is irresponsible", circa-1996, Obama.)

It'd be hilarious if it didn't adversely affect billions of people who may be saints or sinners, but who certaintly didn't set up the great fractional reserve banking Ponzi, and who aren't on the insider guest list to get bailed out now that the Ponzi is imploding.

C'est la vie.

Que sera, sera.

Bitchez.

Mon, 01/30/2012 - 17:12 | 2110880 battle axe
battle axe's picture

So Merkel pats him on the head, and sends him to his room with out dinner. France thinking that they have a say in anything, that is adorable....and yet pathetic too.  

Mon, 01/30/2012 - 17:16 | 2110893 Joebloinvestor
Joebloinvestor's picture

Let France increase the VAT to 87% and they can pay for Greece.

Mon, 01/30/2012 - 17:17 | 2110899 Scalaris
Scalaris's picture

 

..he said courageously, while relocating to Vichy.

Mon, 01/30/2012 - 17:18 | 2110905 AldoHux_IV
AldoHux_IV's picture

Looks like the slimy midget weasal wants to get re-elected and now is bowing to 'democratic' ideals.

Self preservation vs Preservation of status quo will be the interesting 'rock' and 'hard place' as elections come around.

Mon, 01/30/2012 - 17:35 | 2110965 catacl1sm
catacl1sm's picture

That usually results in 'suiciding' or 'heart attack'.

Mon, 01/30/2012 - 17:19 | 2110909 Ancona
Ancona's picture

I know what they can do! Form a professional can-kicking league and charge fifty Euro to attend the matches. They could make it full-contact and have no rules......you know, some real blood sport. I really think it could be the answer here.....

Mon, 01/30/2012 - 17:47 | 2111015 knightowl77
knightowl77's picture

That is the best answer I have heard today..

Mon, 01/30/2012 - 17:20 | 2110913 ThaBigPerm
ThaBigPerm's picture

So, they've drawn a Maginot Line in the sand, eh?

Mon, 01/30/2012 - 17:25 | 2110925 PontifexMaximus
PontifexMaximus's picture

Who are they?

Mon, 01/30/2012 - 17:31 | 2110953 francis_sawyer
francis_sawyer's picture

I can't believe a dude with a carrot top perm beat me to that conclusion...

Mon, 01/30/2012 - 17:22 | 2110915 Texas Ginslinger
Texas Ginslinger's picture

"...nothing left..."  says it all, 2:11 into the video of Zorba and Basil dancing...

http://www.youtube.com/watch?v=2AzpHvLWFUM

Mon, 01/30/2012 - 17:22 | 2110919 lolmao500
lolmao500's picture

Election ploy. Sarjizzy is a bankster puppet.

Mon, 01/30/2012 - 17:25 | 2110924 MonsterZero
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SARKOZY SAYS EU TAKEOVER OF GREECE WOULD NOT BE REASONABLE, "DEMOCRATIC"

Of course not.. it's called.. Germany wins WWIII!!

Mon, 01/30/2012 - 17:25 | 2110926 NotApplicable
NotApplicable's picture

Gee, it's almost as if they've figured out this whole divide and conquer thing. Now, they just need to convince several million people of the need to kill each other, and we'll be all set.

Mon, 01/30/2012 - 17:27 | 2110936 MonsterZero
MonsterZero's picture

Those PIIGS citizens are awfully lazy... *wink* *wink* and they're responsible for keeping the hard working people(German) down!

Mon, 01/30/2012 - 17:28 | 2110934 DutchR
DutchR's picture

STATEMENT OF  THE MEMBERS OF THE EUROPEAN COUNCIL  30 JANUARY 2012   :

TOWARDS GROWTH-FRIENDLY CONSOLIDATION AND JOB-FRIENDLY GROWTH      (i'm not making this up)

http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/en/ec/1275...

 

 

Mon, 01/30/2012 - 17:28 | 2110940 The trend is yo...
The trend is your friend's picture

Sarkozy doesn't want to set a precidence.  Greece today...France in a few months

Mon, 01/30/2012 - 17:36 | 2110970 SilverIsKing
SilverIsKing's picture

BINGO!  Except it's precedence.

Mon, 01/30/2012 - 18:04 | 2111064 Negro Primero
Negro Primero's picture

..or maybe "precedent" ?

Mon, 01/30/2012 - 18:54 | 2111181 blabam
blabam's picture

Or maybe he made a word joke?

Mon, 01/30/2012 - 17:32 | 2110957 battle axe
battle axe's picture

For the love of god, at least save Ireland. I love me the Guinness...

Mon, 01/30/2012 - 17:43 | 2111002 Matt
Matt's picture

How do you "save" people from themselves?

Mon, 01/30/2012 - 17:38 | 2110979 Alex Kintner
Alex Kintner's picture

TD, please always post a pic of Sarkozy's wife -- just so the story will have some redeeming value. And yes, I will submit to her Tutelage any time.

Mon, 01/30/2012 - 17:43 | 2111001 PontifexMaximus
PontifexMaximus's picture

Viva la bella gnocca!

Mon, 01/30/2012 - 19:17 | 2111207 lizzy36
lizzy36's picture

Mon, 01/30/2012 - 19:53 | 2111261 MsCreant
MsCreant's picture

Wicked pic Lizzy. My God.

They are taking string under the skin and looping it through tissue over the ears, down into the face, and back over the ears again to pull the skin taught and anchor it higher on the face. I wonder if this is how she got this special "look."  Here is her destiny if so:

http://www.richmondermet.org/press_photos/hi_res/Madame401-HR.jpg

Mon, 01/30/2012 - 21:34 | 2111488 Ahmeexnal
Ahmeexnal's picture

That pic is repulsive.

Scheisskozy's trophy wife is aging terribly.

I'm pretty sure Niko has a sideshow going on.  Probably an algerian teenager. 

 

Mon, 01/30/2012 - 22:19 | 2111575 Almost Solvent
Almost Solvent's picture

Hopefully they didn't unload a can of fix-a-flat in her

Mon, 01/30/2012 - 17:45 | 2111007 Elwood P Suggins
Elwood P Suggins's picture

Sarkrazy is worried about the precedent this will set.  After all one of these days FrAAnce might end up in the barrel and it'll be their turn.

Mon, 01/30/2012 - 18:01 | 2111055 chinaguy
chinaguy's picture

Yup, pretty much.

Mon, 01/30/2012 - 18:23 | 2111097 W10321303
W10321303's picture

His version of Obama's State of the Union. I heard he stayed up late to watch. Now they all BELIEVE (sic) in 'Occupy'.

Mon, 01/30/2012 - 19:42 | 2111238 viahj
viahj's picture
  • KHADAFI SAYS NATO TAKEOVER OF LIBYA WOULD NOT BE REASONABLE, "DEMOCRATIC"
  • Mon, 01/30/2012 - 19:53 | 2111262 Everybodys All ...
    Everybodys All American's picture

    Sarko is looking for a future job in the EU.

    Mon, 01/30/2012 - 20:48 | 2111377 a4ln143c2001
    a4ln143c2001's picture

    jp morgan issued a report saying that " Sarkozy (late in NY trading) came out and said France and Germany were both against placing Greece’s budget under EU control (recall this was speculated about over the weekend)."

     

    Did Germany really say such thing???

     

    Mon, 01/30/2012 - 20:53 | 2111388 NoTTD
    NoTTD's picture

    "Bad Polizei"

    Mon, 01/30/2012 - 21:03 | 2111413 trilliontroll
    trilliontroll's picture

    I pledge allegiance to the flag of the European Union, and to the chaos for which it stands, 27 nations without God, divided, with debt slavery and justice for few.

    Mon, 01/30/2012 - 21:22 | 2111460 nathan1234
    nathan1234's picture

    The Focker is playing for the French votes in the coming election.

    To indicate he won't sell them out ( he already has).

    Mon, 01/30/2012 - 23:53 | 2111799 pmm009
    pmm009's picture

    This good cop bad cop routine is for us, not the Greeks.  The longer this goes on, the longer the French & German banks have to prepare for default.  Greece & Portugal are finished.  Portugal has something like 400% total debt to GDP...who are we kidding.  The Germans & French know that the FED & Obama will continue to cough up money, they are simply holding Greece over the ledge and saying to us do you really want us to drop him.  We financed at least 40% of every net new dollar of funding provided by the LTRO and we increased the US debt ceiling by nearly a Trillion dollars without so much as a burp from the main stream media when the same thing was a civil war starting event six months ago.

    In for a penny, in for a pound, we are already in for a pound, does anyone really believe this FED will allow a 1 trillion short term hole to create another potential multi trillion short term hole in an election year.  On top of this, Greece is a cornerstone military naval player in NATO in the eatern MED.  And last time I checked there were a few, and growing number of countries, that do not like the west much in that neighborhood.  I would love to see a German Magazine post a picture of Europe in 1683.

    Tue, 01/31/2012 - 03:33 | 2112039 AnAnonymous
    AnAnonymous's picture

    Ah,so here's probably the next staged disagreement episode, a sort US citizens love so much.

    On Libya, what have we got? Sarkozy best bedfriend with Cameron, Merkel waiting at the door.

    On new European treaty, what have we got? Sarkozy best bedfriend with Merkel, Cameron waiting at the door.

    On Greece put under tutelage, what are we going to have? Cameron best bedfriend with Merkel, Sarkozy waiting at the door.

    Such an imagination, US citizens are incredibly innovative script writers.

    The best in the world.

    No, no, dont come with the idea that the staged disagreements are so useless and scripted they have lost any kind of favour. US citizens do love their entertainment, you know.

    Tue, 01/31/2012 - 07:13 | 2112147 Don Diego
    Don Diego's picture

    Germany has zero power, still occupied by US troops like the other WWII losers. They have not even a formal peace treaty with the former Allies, and they just finished paying their WWI debt.

    Banksters never forgive a racial enemy, Germany is to be destroyed after she is thoroughly looted of course.

    Tue, 01/31/2012 - 09:13 | 2112274 Eugend66
    Eugend66's picture

    I, somehow miss the "stabeeleetee" Trichet argued for.

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