This page has been archived and commenting is disabled.
Greece Itself Now Openly Ridicules Europe's Lies Of Greek "Stability"
Compare these two statements: first from Reuters- "Greece's debt has run out of control and government policies are failing to restore finances, an independent parliamentary committee of experts wrote in a report released on Wednesday." And second, from Bloomberg: "Greece’s debt is on a “durable declining path” and new projections will show that the second rescue program reduces net liabilities, European Union Economic and Monetary Commissioner Olli Rehn said." Sorry Europe: your credibility, whatever was left of it, just ran out. When the indirect object of your bail out effort (the direct one being naturally your central bank and your various local banking oligarchy of course) says in your face that you are full of excrement, it is time to put a fork in it.
More on the truth:
"The steep debt rise, high primary deficit ... have exacerbated to the maximum the dynamics of debt, which is out of control," the committee of experts appointed by the Finance Ministry said in a monthly economic bulletin.
"It is clear that the country's problem is not just the size of the public debt but the inability to consolidate the current fiscal management. Despite gigantic effort for fiscal adjustment, no primary surplus has been achieved, on the contrary the primary deficit widens," it said
And lies:
Internal EU assessments indicate that “given the private sector involvement, the government debt ratio net of collateral will fall compared to the previous projection,” Rehn said in response to a European Parliament inquiry.
“Including the loan to accumulate collateral in the context of the private sector involvement, the gross debt ratio actually increases compared to the previous assessment,” Rehn said. “However, the debt ratio is expected, in any case, to decline from 2013 on.”
The new projections will be included in the next quarterly report on Greece, Rehn said according to a text posted on the parliament’s website.
Thus the official beginning of the end of the Euro and Eurozone starts. Perhaps Europe can now refocus its efforts on something more practical: like restoring Esperanto as the global language of bureaucratic efficiency, peace, unity and prosperity and what not.
»
- 10865 reads
- Printer-friendly version
- Send to friend
- advertisements -
But...but...but.... Greece has gold. Oh, what was that you say... Greece CLAIM to have gold.
It's held in JP Morgan and HSBC bullion vaults. They claim it's all there, every ounce of it.
Can I interest you in a Bridge? It's located in Brooklyn, NY.
Not every ounce. Germany has more than an ounce of WWII era gold from Greece.
I don't understand your point. The government better not give away the gold of Greece, which belongs to the people, and which will be necessary for a gold backed drachma when (there is no "if") Greece defaults. The extremely unpopular government in Greece is the one that favors the bailouts as a way to pay off its friends in the Troika before the inevitable default. But they wouldn't go so far as to give away the gold (I don't think).
People? TPTB don't recognize any people in Greece, just cats, dogs, goats and mostly sheep; all chattel to be sure.
Europe must fall before the U.S. It is the agenda.
Feta-backed Bonds.
Olive oil backed bonds.
National Bank of Greece's 35% moonshot from the other day wiped out in one fell swoop.
Does anyone remember what happened the last time Germany were forced into pledging vast amounts of cash (or “reparations”) to other European nations? No?
It wasn’t pretty.
http://azizonomics.com/2011/08/28/the-death-of-the-euro-in-2011/
Debt? What's debt among old friends? We'll pay you back in dining and entertainment and unforgettable memories. You should loosen up.
Jamie Dimon? Is there a "Jamie Dimon here?" Yes...Continent of Europe...line one. No need for the French interpreter this time.
so... what's the likelihood that Greece actually did hire a law firm to evaluate debt restructuring and exit from the Eurozone?
Have you actually seen the Greek bond yields? Greece has already defaulted.
A what? Hahahahaha
what do you call 20% on 10yr vet?
so... what's the likelihood that Greece actually did hire a law firm to evaluate debt restructuring and exit from the Eurozone?
>>0 per cent I guess.
Wait... so when you decrease government spending (the G in the GDP equation) then people's net income falls and thus tax revenues decline as well? It's almost as if it's impossible for Greece to pay back their debts... Oh wait, they are already paying 40+%, which is basically a recovery rate anyway. Whatever, let's just throw new debt at this problem, that'll fix it!
I always wondered what the "G" stood for. Thanks for clearing that up.
;-)
Here in waffleland we don't have a G. Does this mean we're the first to get DP'ed? O_o
Central bank game change. Time to blame the politicians and people. EU version of the same script being played out here.
yup yup centerline. Same thing happening here in India. Suddenly, a politician cannot find a corner to hide in.
V
Another Versaille attempt will split the Euro in two along the North/South axis.
1. Core Europe with Germany, Austria and Hungary ?
2. trigger event ?
3. WWI reloaded ?
4. Versailles treaty 2.0 ?
5. Sarkozy = le grand empereur ?
Line item 5 made me gag, till I re-wrote it in my head. Then it made me laugh...
5. Sarkozy = le petit empereur?
;-)
V
http://aadivaahan.wordpress.com/2011/08/30/humor-me/
De cette bouteille sortit/
Napoleon le petit
Hahahaha. This one's even funnier than the lawyer comment above.
It' the hard knock life for us....
http://www.youtube.com/watch?v=CBEQYnpFrcU&feature=related
Does this mean: 'buy the dip'?
Its all Greek to me
To them as well, and they don't understand it.
Survival of the unfittest, bitchez
It's about the fooking time. Disintegration will replace the word of the year, austerity, very soon.
P.S. Did anyone notice the plunge in Spain's budjet revenues? Compared to last yr, the ytd cumulative revenue was 10 bn lower...
Maybe a war with Greece will solve the problem?
UN troops to confiscate anything of value?
Enslavement of the Greek population to pay of their debt? If so, I take one young femal specimen for the cooking and cleaning and I'll pay 5K for it.
I don't know... that's it options concerned.....
Serfdom: Cheap or free spoils of war
That could get slippery
No need for war. We're already in there. Just start building a humongous Naval Base in Salonika--using Egyptian workers. That should send the appropriate message.
sometimes you are an arsehole
Krugman would certainly advocate the USA to supply and reinforce all sides of this war.
Barroso's statements today were delivered so calmly that you knew he was endeavoring to conceal how desperate the situation really is. They are running to stand still ...... time
Barroso is no economist and Greece(and especially the Greek population) should be freed from this endless muddeling of Brussel Eurocrats. Let the Greek out of the EURO, write off some of your credits to this country and start with a blank sheet and the Greek New Drachma!
Oh, Esperanto...
WTF is a "durable declining path?" Sounds like a metal slide to Hades.
No forking shit!
Maybe the Greeks and EU can blame the Fed for the Pump n' Dump.
Or is QE3 necessary to once again stabilize the EuroZombie?
EFSF to the moon? no?
What would the discussion thread be if someone didn't mention QE3?
Don't discriminate EFSF like that dogg.
It is the only thing that will keep the ponzi going. The Greeks are at the bottom of the food chain.
Germany is only backing EFSF to €211billion. So, no moon.
And what happens when france, italy, spain, x, ....,? comes asking for a handout. They are not to far off from Greece you know. Europe is so broke it makes America look like a saint.
The BlowHorn [CNBC] answers ZH's continuing coverage of the European disaster with...Abbie J. Cohen and her soothing explanation of how....of course...the market is "historically cheap."
Brilliant! Would the FCC please pull the broadcasting license at the BlowHorn? Thank you.
Whenever I see him on TV I have a good laugh. Reminds me of Clark Griswald.
Reminds me of Pat from SNL.
How does that old bag still get on the tube? She's the biggest sell-side whore (and I use that term loosely) ever. Love to see a chart of her year-end S&P forecasts vs. actual over the past ten years...
You should see Abbie work the "bathroom brigade" retiree circuit in Florida. No Eisenhower-generation septarian will ever die of a heart attack because of an unexpected capital-destroying correction with Abbie's warm smiling promises of ES 1450 by year end.
But but but if EU collapses then what will José Manuel Barroso be king of? It is no fun to be king of a small broke piece of shit banana republic like Portugal.
"But but but if EU collapses"
But what, what, what, if Martians will take over Earth tomorrow?
Do you need Gold then? :)))
Ofcourse BUT ONLY cos it is TRADITION my dear little friend.
http://www.youtube.com/watch?v=b7b9MXyoP6Y&NR=1
Bullish for equities.
Buy, Buy, Buy......Bye
the home of DEMO(N)cracy!
The old - Greece, and the new - USA
Democracy - where the majority rules...the majority of Americans are OBESE or OVERWEIGHT (For the record - not me)...so if the "majority is right" -- does that mean I need to fatten up?
Massive TAX (TAKe) evasion in Greece - so the message of old democracy has been mastered by the newer democracies (Just today - 25 CEOs who have a higher salary than the taxes their Fortune 500 corp pays). And the rest of the world is learning the fattening ways of the new democracy.
http://www.msnbc.msn.com/id/44338047/ns/business-us_business/#.Tl6PfV1D2Sp
Are u lovin' it? If so - go to McDonalds...
End of DEMONcracy - coming right up!
Yeah Olli Rehn really knows his own twisted economic math. Recently he stated to the European Parliament that there is no risk for the ECB buying Italian and Spanish government bonds since this is done on the secondary market.
One language to rule them all: http://en.lernu.net/
Its ok, just throw more money at the problem, that always works.
I thought this problem had been solved...and shit. WTF?
This is why I don't think Germany will have the stomach to take over the EFSF and dictate to these other countries. The ex-Nazis are going to have to enforce whatever draconian conditions they extract because the rest of the Europeans are just going to be laughing at them without a gun to their heads.
Fuck you!
What do you know?
Is it Germany's fault that BMW, Mercedes, Audi, Siemens, BASF, Bayer and so on were pioneered in Germany as opposed to Greece or anywhere else?
Germany didn't pressure Greece or anyone else to accepting the Euro. Whoever concocted this had their own agenda as should be clear now.
The banking cabal is playing both sides, they create winners and loosers and the pitch the loosers against the winners vv.
Germany is a victim - again.
It was the French who really wanted the Euro.
They were afraid of a unified Germany without it.
Sarkozy is clearly Rothschild's lap dog. His agenda is to destroy the EU and Europe from within and turn it over to the IMF, all of it. The Windsors are not part of the Euro for that very reason.
Given your response, I'd say the cabal has played its hand well.
You are right. Easy though when the deck is stacked against everyone else at all times. The cabal prints and controls the deck so to speak.
I feel very badly for the Greek people.
The average German today has no clue how they're being ripped off - again.
All that historic revisionism, aka public education has left this country completely defenseless and willing to accept anything.
Rule 1, Germany is bad
Rule 2, Germans are bad
Rule 3, Germans are guilty and must pay
There is not one other country on the planet that has been milked, raped and robbed by the banking elite over and over and over again like Germany. When the banking cabal couldn't steal from Germany anymore, they invented lies and inticed Germans to fight wars they couldn't win only to start the game again.
Will this time be different? I don't know. What I know is that a majority of Germans is asleep and will only wake up, when THEY want them to wake up and rise up - again. Stupid, stupid, stupid. Must be some sort of playbook where the script is made of a majority hard working caucasians and a minority of stealing vermin belonging to a certain religious cult. Enough said.
You are right, regrettably.
Germans are too busy clubbing into the wee hours wildly dancing while under the infulence of funny pills and listening to DJs like Ben Klock
Only harsh corrective measures can put an end to it. Of course any political candidate even hinting at some form of moderation, humilty and self preservation is going to get openly slaughtered by the various fractions of the "rainbow coalition".. all sponsored richly by the banking cabal and their elite to make sure people are kept stupid and stupified.
Give them more stupid talent shows and "Deutschland sucht den XYZ WTF who gives a shit anyway" nonsense and they shall be quiet. Give them more rainbow parades and techno spectacles spanning for days across entire cities where NOTHING useful gets accomplished, and much energy and real talent just goes to waste.
When is it enough? When they're broke and spent their last cents on designer drugs, techno and porn?
Ah, but then the RIGHT resurgance comes and goes overboard because the population is becoming EXTINCT and unable to REPLENISH the country on their own.
Quite the divide, isn't it? One collective claims they are victims, while the others respond with collective guilt.
You are correct, no place has been conquered like Germany, formerly the forefront of Western achievement. Of course, the US is next, for exactly the same reasons.
Poor hard working caucasians. Always the victims. Even when they start wars it is somebody else's fault. The other countries were too enticing with their low cut dresses and all. Really, if caucasians are as dumb as you suggest, perhaps survival of the fittest demands they go the way of the dinosaur. (I'm caucasian, btw, and just want to point out that this comment is fantastically revisionist.)
So apparently when this article was released, the market rallied hard... @ 3:21PM EST.
what does that mean???!
you know what they say.. a new sucker gets born every minute.. lately there's been an abnormal outbreak of suckers.
LOL this drama reminds me of my boss. She comes into me monthly and gripes about her daughter. She goes on that she paid her rent and paid her insurance and she will pay her back. Two months later she repeats the process and I luagh and tell her to cut her off. Finally ambout a month ago she comes in and tells me it is the best thing she ever did. sounds alot like Greece! The EU is the parent and Greece the kid is running amok with the money. Why worry about it Greece never did intend to pay it back so who is the dumbass here? Sounds like the politicians and the EU was snookered as usual. Wait Italy will be doing the same thing. This is too funny watching these dumbasses keep giving their bad children money to spend and then complain they are breaking the bank!
I think a better analogy would be if her daughter owed tons of money to creditors but had no way to pay them back. Instead of letting her declare bankruptcy, the mother lends her money for the purpose of making payments to the creditors, and tells her she can get that money if she cuts down spending on necessities, and if she agrees to give the mother everything of value before she ultimately declares bankruptcy (which everyone knows she will). The daughter would and should say "FU". But here is where the analogy fails. The entity answering for Greece is the government which is the obedient servant of the troika. The PM especially gets high marks in obedience. The American politicians love him. Enough said.
Let Greece die already.
Maybe this?
Southern Europe Financial Zone
1.Portugal, Greece, Spain, Italy and Ireland all leave the Eurozone at once, and default on their loans
2.They establish their own currencies, at once.
3.Each currency is backed by a basket of commodities and vouchers from that country. These commodities would represent the goods and services required by the elderly or poor population such as wheat, olive oil, dairy, wood, bricks, vouchers for routine dental and medical care, and energy. In this fashion, each new currency would actually be backed by commodities such that if there were a run on that currency, it would produce jobs and prosperity.
4.Each country would have a tax rate very favorable to corporations, and a small free port, in the manner of Hong Kong.
5. Travel within the zone is passport required but unlimited tourist visa. Major limits on work permits and residence permits. Assimilation expected. Work permits mostly for folks who start businesses and create jobs.
6. Tax policy is set to reimburse zone corporations for currency transaction expenses within the zone. Even though there are five different currencies, it should be almost expense free to do business in the other zone currencies.
Cheap Jordans just go out there and pitch and not think about Air Jordan Shoes anything else, he said. That makes it a lot easier on me. I dont have to worry about the other circumstances and just Air Jordan go out and focus on every pitch I throw. Rodriguez, who jammed the thumb fielding a ground ball in Minnesota on Aug. 21, aggravated Nike Air Jordan Sunday in Baltimore. He returned to New York on Monday Cheap Jordan Sandals and had a magnetic resonance imaging test that revealed a Jordan Max Fusion sprain. Rodriguez said doctors told him it was slightly higher than a Grade 1 sprain. He said he did not want to rule Air Jordan 13 Air Max Fusion out the possibility of coming back for Thursdays game here, but added that he was told not to touch a Jordan 11 Air Max Fusion bat for another two days. That makes a return for the Yankees final regular-season game in Boston rather unlikely. Jordan 3 Air Max miserable, Rodriguez said of the notion he would not be able to play in this rivalry. Its painful to come here on this is Air Jordan Spizikes a perfect day to play baseball at Fenway Park. This is one Spizikes 2011 of my favorite places to play. Rodriguez, who missed the series here this month, is a career .290 hitter at Fenway Park, with 22 home runs Jordan Space Jams and 69 runs batted in over 104 games. Before Tuesday nights game against the Boston Red Sox, Rodriguez took ground balls Air Jordan Space Jams at third base with a wrap on his thumb, but he did not hit. He said the thumb did not bother him in the field, but Jordan 3.5 Air Max is unable to swing the bat without considerable discomfort. He said when he did start swinging again, hopefully Thursday, Jordan 4 Air Max Fusion would reduce the number of swings in order to lessen the strain and pressure on the thumb.
If this did not have a tragic end, this would be a comedy.
Welcome to http://www.replicabagsell.com .Our company was founded in 2004 and was committed to internet marketing businesses in 2006. Replica Handbags are always in a great demand and sells well. Recently, we launched some new and updated them on our website. Here you can find some scarce Cheap Christian Louboutin shoes, which were difficult to find from other websites. sac à main are also always in hotsale.
We have gotten many great comments from our customers and earn a good NFL jerseys reputation in foreign makerts, more than 90% customers are satisfied with our products and service, till now our online members NFL jerseys are beyond 80,000. As of right now, we currently serve customers from over Christian Louboutin 18 countries, and we are still growing. We really hope to expand our business through cooperation with individuals and companies from around the world.