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Greece Is Nicht Sehr Happy With Frau Merkel

Tyler Durden's picture


The Greek daily (price 1 Euro, not 2000 Drachma) may have summarized best what at least a prominent subsegment of Greece feels toward Die Frau, who quite adeptly managed to dodge the Greek "pledge"  gambit, so thoroughly discussed earlier, and put the ball back in the Lucas Papademos' court, who now must be tearing his hair out: not only did Europe put him in his current position, but now it is the same Europe who no longer wants him in... What's a former ECB apparatchik and Trilateral Commission member to do...

Elsewhere, the Germans already appear quite aware of the 'backlash' against the Chancellor's demands that Greece actually comply with the requirements of its second (not to mention first) bailout, which also explains why a prominent subsegment of them want nothing to do with said country ever again.

From Der Spiegel

Railing against the 'Fourth Reich'

Anti-German Mood Heats Up in Greece

By Johannes Korge and Ferry Batzoglou

Photo Gallery: Anti-German Sentiment on the Rise in Greece

Nazi flags are hardly a rarity at Greek demonstrations these days. Anti-German tirades on primetime television have likewise become a staple. In Greece, a consensus has developed as to who is to blame for the country's economic misery. Age old stereotypes are flourishing.

Georgios Trangas had launched into a tirade -- yet again. He seemed to have completely forgotten his four studio guests. Trangas stared into the camera and turned to his favourite subject: the Germans, and how they are cold-bloodedly shoving Greece into the abyss. "Germany doesn't care that 3 million pensioners are dying here," he raged.


The sentence is one of his more harmless utterances on this evening. But such verbal artillery is hardly out of the ordinary on the Athens television broadcaster Extra 33, a channel full of angry broadsides against the "German occupiers."

"Choris Anästhetiko" is the name of the program, and it lives up to its name: "Without Anaesthesia." Politesse is an alien concept on the show as it offers ruthless analysis of the economic and debt crisis gripping Greece. On this evening, the show is set to examine the problems facing taxi drivers in Athens and the suffering shipping industry. But the experts invited to appear on the show serve little more of a purpose than providing the moderator with additional excuses to launch into a diatribe.

"Barbaric measures," Trangas spits, referring to the austerity demands made by the so-called troika of the European Union, the European Central Bank and the International Monetary Fund. Berlin, he posits, is controlling everything anyway.

Cult Figure

The problem, of course, is that Trangas is not merely voicing his views of the financial crisis over a beer in the bar. Rather, he is on primetime television. In addition, he hosts a breakfast radio show, writes columns and has his own magazine. Trangas is a cult figure. What he says carries a certain amount of weight in Greece. He quickly reduces complex problems to mere slogans and just as rapidly identifies who is to blame. And only seldom are those responsible to be found in his own country.

Should the conversation turn to German Chancellor Angela Merkel -- or should it be forced in such a direction by Trangas -- the host completely loses all control. "She acts as though she were clean. But in reality, German companies have been paying bribes in Greece for years and handing out risky loans," he says. "Merkel is lying when she says that she knew nothing about all that. But now, she is playing the fiscal watchdog." The rant goes on for minutes. Trangas rattles off statistics mixed with random references to the Nazi regime. Even the studio guests begin to hang their heads sheepishly.

A monitor hangs on the wall directly behind Trangas. On this evening, the image remains neutral. But that is not always the case. On occasion, Trangas is fond of displaying images of Merkel conflated with marching German soldiers from World War II.

Just minutes after the show is over, an amicable Trangas is relaxing in his office. He has his bodyguard bring a drink to his guest from Germany before saying: "I don't actually have anything against Germans." But, he says, he detests what Merkel and the troika she supposedly leads is doing to Greece.

Then he takes a deep breath and launches into an almost word-for-word repetition of the accusations he has just made on live television. A half hour later, even Trangas has preached enough for the evening. He wishes his German guest a nice stay in Athens, is helped into his coat by a second bodyguard and disappears into the night in his SUV. It's a German make.

Poisonous Sentiment

Trangas is a master of hyperbole, and has won many viewers with his tirades. But his core message is one that many in Greece share. Seeing the EU as the "Fourth German Reich" is hardly a novelty in the country -- and one almost has the feeling that the sentiment against Germany grows more poisoned by the day.

Indeed, just this week, the associations representing doctors, lawyers and structural engineers met in Athens and agreed on a unified boycott of products from Germany. Just how the boycott will be put into practice is not yet clear. But it could mark the beginning of a broader anti-Germany movement. Already, the burning of German flags, and the display of swastikas, has become de rigueur at anti-austerity demonstrations in Greece.

Stathis Stavropoulos is well versed in Third Reich symbols. He sits chain smoking in the spartan offices of the daily newspaper Eleftherotypia, located a few kilometers away from the Extra 33 studios. The paper has been on strike for months, the offices are dark and unheated. In the mean time, Stavropoulos has found a job at another paper, but he nevertheless elected to host his German interlocutor here in the offices of Eleftherotypia. Few people in Greece know what Stavropoulos, 56, looks like. But everybody knows his drawings. Stavropoulos is the best known caricaturist in the country -- and he too has remained focused on a single subject since the beginning of the crisis: the Germans.

His drawings are seen each week by well over 100,000 readers. Even the New York Times recently reprinted one of his cartoons, he proudly relates. Whether it's Merkel, Sarkozy, Horst Reichenbach, the head of the EU's Task Force for Greece, or the leaders of the Greek government, Stavropoulos dresses them all in German World War II uniforms and depicts them abusing Greeks.

Agitation and Reflection


He is a far cry from the boisterous utterances of Trangas -- he prefers a more elevated brand of provocation. "Of course I aim to shock people with my drawings," he says. "But the initial agitation should be followed by reflection. That, at least, is my hope," says Stavropoulos, as he reaches for his next cigarette.

He says he is aware of the danger that his use of World War II symbols could enflame new resentments among the Greek people. But the debate, he insists, is worth the breaking of a few taboos. He insists that his criticism is focused on German political leaders and their Greek lackeys -- never against the German people as a whole.

Are his readers able to appreciate the subtle difference? The cartoonist isn't quite sure.


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Thu, 02/09/2012 - 22:45 | 2144476 RSloane
RSloane's picture

They must have run out of German flags to burn. That picture of her makes her look like a stage extra from an old James Bond movie.

Thu, 02/09/2012 - 22:49 | 2144490 turtle777
turtle777's picture

Long German flags

Thu, 02/09/2012 - 23:10 | 2144543 Fish Gone Bad
Fish Gone Bad's picture

German Chancellor Angela Merkel: Does this uniform make me look fat?

A: No, it makes you look like a nazi.

Thu, 02/09/2012 - 23:25 | 2144584 ihedgemyhedges
ihedgemyhedges's picture


Fri, 02/10/2012 - 02:17 | 2144895 redpill
redpill's picture

many things that people still do not understand are contained in this video that has been available for 3 decades

Thu, 02/09/2012 - 23:36 | 2144616 Al Gorerhythm
Al Gorerhythm's picture

Do my policies make my ass look big?

Fri, 02/10/2012 - 08:52 | 2145220 GMadScientist
GMadScientist's picture

No, your fat ass and basic optics make your ass look big.

Thu, 02/09/2012 - 23:41 | 2144629 optimator
optimator's picture


German Chancellor Angela Merkel: I want a second opinion?

A:  You're fat too.

Fri, 02/10/2012 - 00:07 | 2144691 Fish Gone Bad
Fish Gone Bad's picture

About 30% of the population does not have a sense of humor, that is why there are unions.  Let me help those people who do not find my little quip funny.  The joke goes like this:

Wife to husband: Honey, do these pants make my ass look fat? 

Husband to wife:  No honey, the fat makes you look fat.

For anyone who still does not see the humor, try it out with your spouse.

Thu, 02/09/2012 - 23:27 | 2144593 ihedgemyhedges
ihedgemyhedges's picture

Doesn't FoxConn make those too??????????  Those guys are gonna be busy with the new iPhone, new iPad and now all those "disposable" flags..............

Thu, 02/09/2012 - 23:33 | 2144607 non_anon
non_anon's picture

Long Knives

Fri, 02/10/2012 - 00:37 | 2144759 BanksterSlayer
BanksterSlayer's picture

Long Knives, as in, Night of The ... "The Night of the Long Knives (German:  Nacht der langen Messer (help·info)), sometimes called Operation Hummingbird or, in Germany, the Röhm-Putsch, was a purge that took place in Nazi Germany between June 30 and July 2, 1934, when the Nazi regime carried out a series of political murders. Leading figures of the left-wingStrasserist faction of the Nazi Party, along with its namesake, Gregor Strasser, were murdered, as were prominent conservative anti-Nazis (such as former Chancellor Kurt von Schleicher and Gustav Ritter von Kahr, who had suppressed Hitler's Beer Hall Putsch in 1923). Many of those killed were members of the Sturmabteilung (SA), theparamilitary brownshirts.

Adolf Hitler moved against the SA and its leader, Ernst Röhm, because he saw the independence of the SA and the penchant of its members for street violence as a direct threat to his newly gained political power. He also wanted to conciliate leaders of the Reichswehr, the official German military who feared and despised the SA—in particular Röhm's ambition to absorb the Reichswehr into the SA under his own leadership. Finally, Hitler used the purge to attack or eliminate critics of his new regime, especially those loyal to Vice-Chancellor Franz von Papen, as well as to settle scores with old enemies."



Time for the EuroZone to get down to business???

Fri, 02/10/2012 - 08:01 | 2145113 battle axe
battle axe's picture

Time to take the Panzer Mark III out of storage. 

Thu, 02/09/2012 - 22:57 | 2144505 He_Who Carried ...
He_Who Carried The Sun's picture



The Greek's problem is, they're fast running out of German money to buy new German flags.... 

So the actual trade of the day would be "short German flags"...

Else, I am really getting tired of these extremist communist goat-fuckers. Let them go home and fuck more goats...

Thu, 02/09/2012 - 23:34 | 2144608 Al Gorerhythm
Al Gorerhythm's picture


(Oh, your other tit looks like it needs some sun. Turn over once in a while.) 

Fri, 02/10/2012 - 00:05 | 2144693 He_Who Carried ...
He_Who Carried The Sun's picture

You're not close enough to grade my funbag's tan...

Thu, 02/09/2012 - 23:28 | 2144585 vast-dom
vast-dom's picture

Pure postering and b-grade acting.


Germany merely wants to win the war, and that starts by leveraging the shit out of Greece and/OR the rest of the EU. It's just all a massive distraction, before the shit falls apart into global depression whereby Germany will be best able to afford to pick carrion bones (not with wheelbarrows, but with smart positioning relative to the rest of the burning shithouse, since it's all hyper-relative in this our fiat mirage).

Thu, 02/09/2012 - 23:34 | 2144614 Buck Johnson
Buck Johnson's picture

Greece is coming apart and they may totally implode in a few days or weeks.

Fri, 02/10/2012 - 00:21 | 2144720 He_Who Carried ...
He_Who Carried The Sun's picture

Funny. On that paper it reads 1.- Eu

Soon and rather magically it will be 1000.- Dr

Fri, 02/10/2012 - 08:53 | 2145222 GMadScientist
GMadScientist's picture

Then 2000...then 10000...

Fri, 02/10/2012 - 16:21 | 2147397 Gief Gold Plox
Gief Gold Plox's picture

10^3 and so on could really save them some ink in the long run.

Fri, 02/10/2012 - 00:37 | 2144757 smb12321
smb12321's picture

Consideriing that Merkel was a dyed-in-the-wool East German Marxist (who traveled frequently to Moscow and speaks Russian "without an accent") she could also be reconstituted as "Comrade Merkel".  Actually, she resembles those old party-loyal Commisars who blathered on about the superiority of socialism before returning home to their house filled with Wester goods.

Thu, 02/09/2012 - 22:45 | 2144477 fonzannoon
fonzannoon's picture

I thought they posted this same picture like 6 months ago. They should have at least put a mustache on her.

Thu, 02/09/2012 - 23:10 | 2144552 EyeQ
EyeQ's picture

she shaved.

Thu, 02/09/2012 - 23:42 | 2144640 Stack Trace
Stack Trace's picture

Shaved Merkel. Sounds like an awful porno.

Fri, 02/10/2012 - 00:06 | 2144696 cowpieflapjack
cowpieflapjack's picture

Angela Merkel or Merkin? I get confused. But after shaving she would need the Merkel Merkin. Burn those instead of the flags.

Fri, 02/10/2012 - 03:02 | 2144726 Manthong
Manthong's picture

Worse than this?

Hey, don't blame me.. this is some Greek dude's perspective  : )



Fri, 02/10/2012 - 08:56 | 2145225 GMadScientist
GMadScientist's picture

Ze goggles do nussing!!!

Fri, 02/10/2012 - 07:22 | 2145079 _ConanTheLibert...
_ConanTheLibertarian_'s picture

I don't want to know what she shaved...

Thu, 02/09/2012 - 22:47 | 2144482 ekm
ekm's picture

Greece will default and stay in Euro. Don't even think for a moment Greece will be left to the hienas.

They will force the banks holding greek debt go excrement. Greece is more important than banks.

- Greece holds the key to mediterraneans

- Greece has a lot of immigrants - 10% at least. If situation goes chaos, they will all go to Germany

Banks are fucked.

Thu, 02/09/2012 - 22:49 | 2144493 sitenine
sitenine's picture


No ekm, nothing is more important than the banks.  That's the whole point of this exercise.

Ever heard of a country referred to as TBTF?

Thu, 02/09/2012 - 22:52 | 2144499 Dasa Slooofoot
Dasa Slooofoot's picture

Right?  For countries i've only heard of "Too Big to Bail".

Thu, 02/09/2012 - 23:06 | 2144538 ekm
ekm's picture

They have no option for Greece. It's too important strategically, militarily. In 1949 there was a civil war which was basically due to half of greeks were backed up by Stalin and the other half by Americans and English. If USSR got greece, they would have gotten anything. Militarily it's too too important.

Thu, 02/09/2012 - 23:02 | 2144524 ekm
ekm's picture

The are 1 million immigrants in greece. They will all flock to Germany if greece goes shit. Do you think germans love more immigrants?

The island of Crete has the most important NATO base, probably in the world. It has nuclear submarines.

On the other hand, there are too many banks that offer a product called "credit". Too much credit offered, not many customers. They're all indebted.

It's just pure analysis. Get the fact first.

Thu, 02/09/2012 - 23:09 | 2144545 sitenine
sitenine's picture

I don't see your point, sorry.  Yeah, immigrants migrate, and maybe there is a migration crisis.  Meh.  Greece is not going to leave NATO just because it leaves the Euro Zone.  I think you are over extending the possibilities there.  As for facts, I do get them; thank you ZH.

Thu, 02/09/2012 - 23:13 | 2144560 ekm
ekm's picture

Migration is big problem in Europe. Europe is NOT Canada or US, which are immigrant based countries.

I come from Europe and live in Toronto. It is not a joke or a simple word, like "people migrate". It's very very serious.

Thu, 02/09/2012 - 23:27 | 2144592 sitenine
sitenine's picture

Germany could solve that easily.  They can call them insurgents, thus terrorists, thus detainable and ultimately deportable.  Presto, problem solved.  Joking of course, kinda.  I do understand the seriousness of migration in Europe, but I'll stick to my guns by saying again that there's just no crisis like a banking crisis.

Thu, 02/09/2012 - 23:35 | 2144615 ekm
ekm's picture

I think we're saying the same thing but differently.

There is a bank crisis, but the banks in Europe will lose this one. As I wrote just few seconds ago above, strategic position is very important in finance.

Thu, 02/09/2012 - 23:47 | 2144646 sitenine
sitenine's picture

I hope you are wrong, and I will tell you why.  When banks go down, and you're talking about a very big regional central bank for fuck sake, people die.  I'm not talking about a crowd in the street getting shot at by police.  I'm talking about starvation and pestilence.  Get the picture?  Countries can run without governments, it happens all the time.  NOTHING runs without money, and one more time, who makes (literally) all the 'money'?  Banks.

Thu, 02/09/2012 - 23:51 | 2144659 ekm
ekm's picture

That is so incorrect. Any industry that over produces a product has to scale back. Few companies have to go bankrupt. The same think is happening is Europe right now. Too many banks offering their product called "credit" to no takers.

Right now, ECB lend to Intesa which buys Italian bonds which are deposited to ECB. No money touches the people, they can't afford more debt. At least 1/3 of the euro banks are totally redundand. They offer something nobody wants. If they go bankrupts, nothing bad will happen.

As to Lehman, what was bad with it? It was really good they made it happen. About $50 trillions of derivatives vanished which cause the crude prices drop to $35. Great for the people.

Thu, 02/09/2012 - 23:52 | 2144665 sitenine
sitenine's picture

Great for the people.  Wow.  I'm done here.

Thu, 02/09/2012 - 23:53 | 2144673 ekm
ekm's picture


Fri, 02/10/2012 - 08:59 | 2145237 GMadScientist
GMadScientist's picture

$35 gas -> 15-20% unemployment. What's so great about cheap gas you still can't afford?

The word for today is 'remedial'.

Thu, 02/09/2012 - 23:39 | 2144625 ekm
ekm's picture

In a very raw way, shutting down Greece would be equal to shutting down Lockheed Martin.

Fri, 02/10/2012 - 06:20 | 2145033 StychoKiller
StychoKiller's picture

When yer up to yer ass in alligators, it's hard to remember yer initial objective was to drain the swamp!   Don't think Greece really cares about their obligations to NATO at this point...

Thu, 02/09/2012 - 23:11 | 2144555 ekm
ekm's picture


Facts are facts. Banks will die. Greece will pull an Iceland an survive. US, Germany, UK have no other option, but an Iceland version for Greece.

Banks will die.

Thu, 02/09/2012 - 23:17 | 2144567 sitenine
sitenine's picture

?  Banks did not die in Iceland, and neither did Iceland.  Reference a good quote from ekm above, "get the fact first."

Thu, 02/09/2012 - 23:18 | 2144570 ekm
ekm's picture

Sorry, I meant german and french banks holding greek debt or sold CDSs.

Thu, 02/09/2012 - 23:33 | 2144609 ekm
ekm's picture

You could down me as often as you want. Strategic location is too too important in finance.

Why does Boeing or Lockheed martin get most of their income from the government?

How about non US entities like Dassault (France), Finmecanica (Italy) etc, that still get US funding?

Thu, 02/09/2012 - 22:56 | 2144507 Reese Bobby
Reese Bobby's picture

Indeed.  They would be crazy to mess with King Leonidas. 

Thu, 02/09/2012 - 22:47 | 2144483 sitenine
sitenine's picture

Looks a lot like WB's work.  I can't tell the difference anymore.

Thu, 02/09/2012 - 22:48 | 2144487 RSloane
RSloane's picture

LOL I had to look twice at it.

Thu, 02/09/2012 - 23:25 | 2144586 williambanzai7
williambanzai7's picture

Actually there is a subtle but important distinction. I don't pander to xenophobes of any kind.

That is why you won't see me dressing Merkel or other Germans as Nazis wearing swastikas.




On the other hand, the topic of financial fascism or corporate facism or inverted totalitarianism are very high on my radar screen. Facism is not a uniquely German phenomena, it's rudiments are universal and we ignore them at our peril.

As my German audience knows, there are certain uncomfortable analogies that can be made to the interwar behavior of the European political class without resorting to pure Nationalist hysteria. The Greeks would do well to consider ALL of the elements leading to their present predicament. Waving swastikas is a convenient method of misdirection for their own culprits.

Thu, 02/09/2012 - 23:29 | 2144599 ekm
ekm's picture

Right now is squarely BANK TOTALITARINISM. Same as in Russia that is OLIGARCHICAL TOTALITARIANISM.

Thu, 02/09/2012 - 23:37 | 2144620 Dermasolarapate...
Dermasolarapaterraphatrima's picture

yes, it's a cop out for Greeks to kick Greeks just as Shumerites kick China. Few look within at their problems and few seek the true solution from within.

Fri, 02/10/2012 - 06:42 | 2145045 Die Weiße Rose
Die Weiße Rose's picture

A Tibetan nun stands ablaze

in a Chinese street having set herself alight in protest at the country's treatment of Tibet.

This is the latest in a wave of self-immolations that have taken place as Tibetans make the ultimate sacrifice in a bid to draw the world's attention to their region's plight.  

In March this year, a teenage Tibetan monk named Lobsang Rabten fled over the Himalayas to India after a childhood friend set himself ablaze in protest against China's campaign of forced 're-education' at their monastery.  

By the time the seventeen-year-old reached the safety of India's Tibetan exile capital of Dharamsala in October, eleven young monks and nuns had followed his friend Phuntsog's example. At least six have died.  

Read more:


Fri, 02/10/2012 - 00:04 | 2144692 sitenine
sitenine's picture

Truly mind opening WB.  Thank you.

Fri, 02/10/2012 - 00:24 | 2144729 He_Who Carried ...
He_Who Carried The Sun's picture

Waving swastikas is a convenient method of misdirection for their own culprits.

You must be of supernatural intelligence, really.

Fri, 02/10/2012 - 00:47 | 2144762 Die Weiße Rose
Die Weiße Rose's picture

Hallo David Kum-Moron....(beep)

this is Angie from Berlin calling back...(beep)

Do you like this fotografie mit meinen grossen bazzookas ?

Ich habe einen grossen Kugelschreiber 

Nein David, nix Weimar Republic bail-out, nein...

nur Sauerkraut und Kartoffel Salad ...(beep)

auf Wiedersehen ! (

haben Sie einen grossen bazzookas Kugelschreiber...

bazzookas Dummkopf !


Fri, 02/10/2012 - 01:04 | 2144821 williambanzai7
williambanzai7's picture

Don't forget the bratwurst ;-)

Fri, 02/10/2012 - 01:00 | 2144808 williambanzai7
williambanzai7's picture

Here is an interesting exercise in visual disambiguation...

Behold, the new Troika flag



Notice how you can derivate the design features of of the original Nazi Flag without replicating the swastika symbol and colors. Books have been written on the subject of the swastika symbol (a universal cultural icon) and how Hitler misappropriated it. But there are other interesting elements at play.


Fri, 02/10/2012 - 02:19 | 2144898 palmereldritch
palmereldritch's picture

Bill, you gotta come up with a poison control warning for moral hazard, like the biohazard or radioactive warning symbols.

Wall Street and the Banks need to be labelled accordingly! Especially in light of that new fraudclosure laundering.

Great stuff as always :)

Fri, 02/10/2012 - 04:11 | 2144954 williambanzai7
williambanzai7's picture


Fri, 02/10/2012 - 04:27 | 2144960 williambanzai7
williambanzai7's picture


Fri, 02/10/2012 - 08:49 | 2145215 palmereldritch
palmereldritch's picture

Awesome! Those $ signs in the eye sockets say it all...

Fri, 02/10/2012 - 07:54 | 2145111 Wakanda
Wakanda's picture

Very educational WB7.  Thanks for the visual reminder.

Fri, 02/10/2012 - 02:44 | 2144911 Problem Is
Problem Is's picture


That AuQ picture scares me...

Fri, 02/10/2012 - 08:21 | 2145139 Al Gorerhythm
Al Gorerhythm's picture

I need a thorough counselling.

Thu, 02/09/2012 - 22:50 | 2144496 Dasa Slooofoot
Dasa Slooofoot's picture

What's that internet law that states all internet arguments break down to calling the other person a nazi, again?

Thu, 02/09/2012 - 22:54 | 2144503 Nate Taggart
Nate Taggart's picture

Godwin's law, but in this case perhaps it should be modified to state that Europe, given enough time, leads to Hitler.

Thu, 02/09/2012 - 23:03 | 2144530 nmewn
nmewn's picture

That would be the now mute law of defining deviancy down...but even that has a floor and Nazis are still comfortably somewhere below it.

For good reason.

Thu, 02/09/2012 - 23:28 | 2144597 Dasa Slooofoot
Dasa Slooofoot's picture

Nazis are on the Moon!  Movie trailer for Iron Sky

Thu, 02/09/2012 - 22:54 | 2144504 MrPook
MrPook's picture

Arbeit macht frei Greece. Arbeit macht frei

Thu, 02/09/2012 - 23:10 | 2144549 nmewn
nmewn's picture


Through these gates is your freedom Greece...arbeit macht frei, trust us, we really, REALLY mean it this time.

Thu, 02/09/2012 - 22:56 | 2144509 lasvegaspersona
lasvegaspersona's picture

So Greece portrays Merkel as a Nazi....nice...I do understand though those darn Nazis were always lending other countries and then asking for it back...the beasts!

Thu, 02/09/2012 - 23:16 | 2144564 nmewn
nmewn's picture

If it were charity it would be one thing. This is not charity.

The Greeks need to default, get their house in order and resume whatever course they want guided by past experience.

This smacks of giving a crack whore a few more rocks if she'll just turn a few more tricks for you...we all know what happens to the crack whore in the end.

Fri, 02/10/2012 - 01:48 | 2144870 Manthong
Manthong's picture

They need to get out of a monetary system that is being inflated to infinity ASAP.

Getting out here is an opportunity, like getting fired from a lousy job.

Austerity and discomfort will be involved, but Greece could end up in the catbird seat while the rest of the EU slips into the Med. 

Thu, 02/09/2012 - 22:57 | 2144511 Atomizer
Atomizer's picture

Don't worry Greece, the socialist douchebags you have in Europe are infested in our US Constitutional Government. We are on the case.


I’m on the DOE list. This was the email sent this morning. A new cost-benefit model for city progs to punch in inflated costs to fleece taxpayers on new taxes and make a profit.

Subject: DOE Consortium Financial Tool Released


New DOE Consortium Financial Tool Figures Impact of Switching to LED Street Lighting

The U.S. Department of Energy's Municipal Solid-State Street Lighting Consortium has released an economic cost-benefit analysis tool to help cities, utilities, and other organizations estimate the costs and impacts of switching to street lighting that uses light-emitting diodes (LEDs).

The Excel-based Retrofit Financial Analysis Tool was developed in collaboration with the Clinton Climate Initiative. Users input data on the relevant variables for their particular application – such as the incumbent technology, quantities, phase-in period, prevailing electricity and labor rates, sales tax, installation cost, loan interest rate, and rebates – to get a detailed analysis that includes annualized energy-cost savings, maintenance savings, greenhouse gas reductions, and simple payback.

This information is useful not only for planning and budgeting purposes, but also in applying for financing. In a market where the cost of LED street lighting has dropped more than 25 percent in the past year alone, it can help cities accurately evaluate costs in today's dollars.

To download the tool or to view a “how-to” instructional video, see To learn more about the Consortium, visit

Best regards,
Jim Brodrick

**The William ‘BlowJob Clinton Foundation**

Thu, 02/09/2012 - 23:11 | 2144557 gookempucky
gookempucky's picture

Good post atom, reminds me of the time  when a  city manager/idiot pushed for the NEW GREEN ENERGY SAVINGS PLAN.

All commercial property would have to be retrofitted with led and energy efficient hvac-ya right-one bldg I managed had 100 tons of heat/air--retrofit cost was 540,000---we would save 12,000 a year on electric but would have a 6k equip payment per month---I laughed him out of the city planners meeting--looks like folks need to get involved in their city council meetings .

Thu, 02/09/2012 - 23:16 | 2144565 Atomizer
Atomizer's picture

Welcome to Central Planning. Passing laws to generate fake GDP goals is quite transparent.

Thu, 02/09/2012 - 23:26 | 2144589 ekm
ekm's picture

I lived in communism for 20 years. It's pretty easy passing laws for the economy too look good. But we ended up with food coupons for all Eastern Europe.

The other funny think, is that communists (central planners) used to blame the weather for the lack of food. Does it ring a bell?

Fri, 02/10/2012 - 02:12 | 2144891 Tom Servo
Tom Servo's picture

The Excel-based Retrofit Financial Analysis Tool


ROFL!  So Billary knows how to use Excel, just lovely.  The business world runs on Excel.

Thu, 02/09/2012 - 23:01 | 2144517 rustymason
rustymason's picture

Lieber Gott, those Nazi uniforms are cool!

Fri, 02/10/2012 - 06:58 | 2145058 nobita
nobita's picture

No prince Harry they are not cool, not at all.

Thu, 02/09/2012 - 23:02 | 2144522 ISEEIT
ISEEIT's picture

Ah. Cute though if you merely consider the unabridged version of the 'story'.

Zee mang is only accomplishing his role in life.

This iz vat he vas always reared to do.

Sovereignty is for bitches.

Consolidation brings it all home.

Omama or whatever his name is and Valerie love this shit.

Oh, the promises made!

How sweet this will be!

The entire enterprise will be at OUR disposal.

WE will run the world!!


Thu, 02/09/2012 - 23:02 | 2144523 Reese Bobby
Reese Bobby's picture

A Euro seems like a lot for a Greek newspaper in the midst of a financial collapse.  It must be owned by Germans.

Thu, 02/09/2012 - 23:02 | 2144525 lasvegaspersona
lasvegaspersona's picture

Greece portrays itself as a victim entitled to an endless stream of support. Correct me but they DID borrow money right? They spent it all right? They want more of it ...correct?

How is it Germany's fault that Greece was screwed by her own leaders (over the thunderous applause of the Greek people) who used the loot to buy the right to govern a bit longer? I'm sensing someone needs to 'take responsibility'. Oh and learn to live within their is like talking to teenagers.

Thu, 02/09/2012 - 23:13 | 2144561 B-rock
B-rock's picture

They were hoodwinked by the banks to take out cheap loans that were within their means to repay.... but the bankers had a plan:  they attacked Greece through the bond and CDS market in their shadowy way... Greek debt suddenly got too expensive and the banks fed the feedback loop until Greece was hopelessly screwed -- and the banks made billions and billions and billions.

Thu, 02/09/2012 - 23:47 | 2144651 lizzy36
lizzy36's picture

They did get lent the money correct?

The right thing would have been to restructure the debt in May of 2010. Yes default, write down the debt held by Greek, French,German and any other EU banks. Then use all that ridiclous bailout money to recap the banks....but NO they didn't do that did that. Because then the myth that soverign debt was "risk free" wouldn't have been a myth any longer. And all the sudden all the EU banks holding soverign debt in the "risk free" category would have found themselves undercapitalized and in some cases bankrupt. So, must keep they myth alive at all costs. And unfortunately the Greek people are the colleteral damage to keeping the myth alive.

So what you have are these ridiculous bailouts. Worse money thrown after bad. Papering over bad debts with more debt.

Even under the restructing, the "bailouts" and ECB bondholders are kept whole. They don't suffer the consequences of their stupid lending decisions. Even at 70% PSI haircut the actual writedown of greek debt is about 39%.

The blueprint for the EU is currently being decided in Germany. Make no mistake, the austerity being thrust on the Greek people, in exchange for 19 cents of every bailout dollar (the rest goes to the banks, EU bailout, IMF and ECB bonds), is being demanded by Germany.

Is Greece culpable for this mess? Absolutely. But so is Germany, every member of the EU and the IMF. Lenders who make bad credit decisions should get tagged helps them learn to properly price "risk".  Maintaining the illusion of "risk free" comes at a price. Who is paying it?

Fri, 02/10/2012 - 04:39 | 2144966 Ghordius
Ghordius's picture

excellent remark, lizzy. tons of blame to spread around

there was a slight problem, though, in May 2010: the Greek books were still cooked, thanks to the God's Own Advisory Work from the Holy Vampire Squid that conveniently shifted an incredible amount of debt off balance sheet with the help of derivates.

It is a bit difficult to have a "normal" debt restructuring conversation (if there is such a thing) with a counterparty that repeteadly lied and is bent to continue to lie until forced to put the cards on the table. The current Greek position is still, after two years, "just keep sending us money, period".

Add to it the pressure from ALL banks worldwide that tangled themselves with CDSs and were crying: "you can't allow this, it will bring the whole financial world down". Meanwhile some hedgies were stocking up Greek debt to match it with their CDSs.

regarding "Germany deciding the blueprint for the EU" - and the other EU/EZ countries? do you really think they would love Germany for just forgiving all the debt? they want bailouts, too. whatever Greece can bargain will be immediately on the tables of Portugal and Ireland as a precondition. "Who is paying it" is the excellent question you are posing yourself.

I'd like to point you to Poland's Foreign Minister Radoslaw Sikorski's FT piece on the comment page of November 29th, 2011: "I fear Germany's power less than its inactivity". Goes on with phrases like: "I demand of Germany that, for its own sake and for ours, it help the eurozone survive and prosper" and then "You may not fail to lead: not to dominate, but to lead in reform".

Fri, 02/10/2012 - 06:29 | 2145039 StychoKiller
StychoKiller's picture

"The name of the game is 'Bailout'" -- there's a whole chapter with that title in:

"The Creature From Jekyll Island, a Second Look at the Federal System", 5th Ed., G. Edward Griffin, ISBN:  978-0-912986-45-6

Fri, 02/10/2012 - 08:06 | 2145069 Ghordius
Ghordius's picture

lizzy, regarding your question about "100 years of Commonwealth propoganda" at 2142680, my point is that if you speak only English, you can't escape that easily the web of half-truths and half-lies that have been spread in the British Commonwealth (and the US) since the German Empire complained about the concentration camps during the Boer War.

It is "baked in", down to the history books and flowing back in MSM, culture and even humor (Fawlty Towers included).

Interesting though incomplete Wiki article about it:

Thu, 02/09/2012 - 23:04 | 2144532 BLOTTO
BLOTTO's picture

First of all, why the fuck is Angela Merkel the most powerful person in Germany?

No, seriously - how does one that basically comes from no formal background on anything, get this position?


Thu, 02/09/2012 - 23:13 | 2144559 ricocyb13
ricocyb13's picture

because Angela is a jew and she needs to do what US jews (Goldman Sachs, etc.) are telling her to do.

Thu, 02/09/2012 - 23:17 | 2144566 BLOTTO
BLOTTO's picture

Nope, not a good enough answer...

Why her specifically...why Angela Merkel?

Thu, 02/09/2012 - 23:20 | 2144575 lizzy36
lizzy36's picture

Wow, you are brilliant.

She is a Protestant. Perhaps the US protestants are telling her what to do. Wonder if one of those is Vickram Pandit.....hmmmmm.

Fri, 02/10/2012 - 00:09 | 2144689 Atomizer
Atomizer's picture

Love your posts on ZH Lizzy. Let me tell you my childhood story.

My mom was Catholic and my father was Protestant. One day, my parents sat me down and told me the war was over, my choice on religion was up to me. They both successfully co-existed until my mother later died of breast cancer. On a comical note, when my mom and dad had a disagreement.. My dad would call mom a bloody potato picker. Later in my life, figured out their coded message. LOL

We all see things differently in life. Religion never strikes a chord with me.

Fri, 02/10/2012 - 07:18 | 2145075 Ghordius
Ghordius's picture

he is really showing off his brilliance, eh? ;-)

fact is Angela Merkel is an excellent political "aggregator", same breed as Bush II. She has nearly no own opinion, she just caters for the needs of her party supporters she inherited from Helmut Kohl.

The real (financial) "mind" of the German Gov is not her, it's Wolfgang Schäuble.

Thu, 02/09/2012 - 23:36 | 2144617 penisouraus erecti
penisouraus erecti's picture


"No, seriously - how does one that basically comes from no formal background on anything, get this position?"

Now, who is it you are talking about? Merkel or Obama?

Fri, 02/10/2012 - 00:27 | 2144736 BLOTTO
BLOTTO's picture


Yes, Obama too.

Merkel - bloodline connection? Actually, Obama too.

Thu, 02/09/2012 - 23:40 | 2144624 Rynak
Rynak's picture

My answer as a german (who too doesn't get how someone like her could get elected)... germans didn't elect her.... they elected the party (pseudo-)ideology.... defensiveness, conservatism, strenght..... you see, the centre-right wing only got elected, AFTER the pseudo centre-left wing enforced all the "mini-china"-doctrines in germany, AGAINST the centry-left suppupsed agenda, and HISTORICALLY in a LANDMARK BACKLASH... merkels party got catapulted into superior numbers, by the central leftwing doing to the pupulation, what now is copypasted to greece. Merkel is in power, because the population was smart enough to notice it being betrayed by ONE major party, yet stupid enough to vote for the pseudo-opposite, even though it is in no way different.

Yes, you americans aren't alone with your obama dilemma. And i seriously hope you won't make the same mistake as us.... but i surely as hell won't hold my breath for it.

Thu, 02/09/2012 - 23:53 | 2144667 LowProfile
LowProfile's picture

I hope both of our country's peoples can wake up and look behind the curtain.

There isn't any difference between Republican and Democrat in this country (hasn't been for 30 years).

Fri, 02/10/2012 - 00:33 | 2144750 BLOTTO
BLOTTO's picture


Probably way longer, I would even go as far and say - that votes never mattered, in the sense that they win each way.

Thats how we got to this point. This didnt happen over night.

This is a very well thought out, controlled, conditioned, intelligent, drip by drip process...

'Heads I win, Tails you Lose' - what is your pick? errr,,vote?

Fri, 02/10/2012 - 00:50 | 2144769 Rynak
Rynak's picture

Interesting infobit: In the election immediatelly after the "centre-left betrayal".... the centre-left not just lost as many votes as are now historically considered "true" (read, they got reverted back into back to their founding days!)... instead, the initial numbers were so bad, that the centre-left could as well have been disbanded as a party.... the numbers initially were "minor party"-like.... then as the incoming final results closed, the centre-left magically suddely got a constant push.... just enough for it to stay a "major party"...

...anyone feeling reminded about recent american incoming election results behaviour?

Fuckit. Here's what really happened: The centre-left selfsacrificed it so hard, that the population voted it out of the parlament. Germans outrightly HATED what they and the introduction of the EMU, did.... yet, magical powers ensured, that they stayed at least in the "runner up"-position.

Then, with that fairytale bullshit out of the way, the centre-right was free to do continue what the centre-left enabled..... on steroids.

Fri, 02/10/2012 - 01:05 | 2144824 lasvegaspersona
lasvegaspersona's picture

Merkel is Luthern. She has a doctorate. She studied Physical Chemestry (not sure if that is what her doctorate is in. She was brought up in the East and got into politics in 1989 near time of reunification. Normal Chemisrty students fear P Chem (at least I did) no to being Jewish and no to being stupid and in a high office by winning a lottery. I'm not sure is she is smart but she has good paper. Next time before going the whole 'jew banker' route you could check Wiki and save yourself the embarasement....not you Rynak...the idiot a few before you...ZH is better than this cheap racism some are so fond of.

Fri, 02/10/2012 - 01:09 | 2144827 Rynak
Rynak's picture

Yeah, the cheap racism propaganda, that OF COURSE TOTALLY DOES NOT APPLY to you.

Arschloch. GFY with a screwstick, bankster distractor... and racist for hire!

Fri, 02/10/2012 - 07:48 | 2145103 AnAnonymous
AnAnonymous's picture

germans didn't elect her.... they elected the party (pseudo-)ideology.... defensiveness, conservatism, strenght.....

It does not kick.

On this site, a few days ago, it was reported that Angela Merkel support from Germans is hitting a high since 2009 elections.

She has never been as supported by Germans.

What is happening is by German popular will.

There is no alternative in US citizenism.

Fri, 02/10/2012 - 00:00 | 2144647 YawningChasm
YawningChasm's picture

Maybe Merkel is the most powerful person in Germany because they have this weird Greek thing called democracy

And if were not for Schroeders 2010 Agenda, then Germany would be in the same state as Italy is today.

And the more abuse she gets from Greeks, Italians and the Anglosphere the more popular she becomes in Germany - current approval rating 60%+.

Fri, 02/10/2012 - 01:06 | 2144819 Rynak
Rynak's picture

Here is my answer as a german: GFY bankster crackwhore.

On a sidenode, isn't reapeating the same old rethorics getting rather old? Isn't telling people, that slavery is freedom, and improverishment is wealth, getting at tad bit repetitive, ARSCHLOCH?

Fri, 02/10/2012 - 02:34 | 2144905 CrashisOptimistic
CrashisOptimistic's picture

She has a PhD in Quantum Chemistry.  

Make no mistake about it, this credit silliness is nothing compared to the real problem coming of oil scarcity.  She went and shut down the nukes, too.

She is far better trained for the important problems than any other PM in Europe. 

Thu, 02/09/2012 - 23:04 | 2144533 chump666
chump666's picture

thats nasty

Thu, 02/09/2012 - 23:08 | 2144541 Yen Cross
Yen Cross's picture

" Carnival  Rides'  Blahhh . Where is my " Cheese sticker"?

Thu, 02/09/2012 - 23:34 | 2144611 Atomizer
Atomizer's picture

The state has reduced your ration of cheese sticker to 3.53 ounces/wk. The aspartame elephant ears currently have no present government restrictions.


Fri, 02/10/2012 - 00:11 | 2144707 ekm
ekm's picture


I've seen other posts from you. You seem to have a good grasp of central planning idiotsy.

Did you live in it, or you're just brilliant?

Fri, 02/10/2012 - 00:35 | 2144753 Atomizer
Atomizer's picture



  1. I don’t work for this filthy government.
  2. I do work in the private sector.
  3. No, don't consider myself brilliant, each day is a new learning experience for me, I thrive on knowledge.
  4. Watching the con artist repeat past events is easy for me to spot.
  5. I have followed Central Planning for many, many years.

Hope that answers your question. :)


Thu, 02/09/2012 - 23:09 | 2144546 The Deleuzian
The Deleuzian's picture

Merkel is a 'third string puppet' (Literally) at best!  

Thu, 02/09/2012 - 23:09 | 2144548 sangell
sangell's picture

So the Greeks want a 'rematch' of 1941? Hostages can collect money much better than the Greek government.

Careful what you wish for.

Thu, 02/09/2012 - 23:45 | 2144553 Reptil
Reptil's picture


What a suckers, what bad taste, and what bad form to use nazi symbolism. Moreover, what bad aim. To insult a democratically elected head of state who represents her own people (taxpayers on the hook for this crap) plus the german business interests of course, while they have an UNelected NWO style technocrat "government" in place?

But nooo... it's NEVER a greek that's at fault. Can't be. Must be the outsider.

I knew greek were confused, this only confirms it. Who invited Goldman Sachs? Greek Politicians. Who made ridiculous militairy expenses? Greek generals. Who made off with all the CDS insurance? Papandreou and his buddies. NO ONE FORCED THEM TO TAKE OUT LOANS OR EVEN JOIN THE EU!

Next: militairy coup. boom. over. back to servtitude.

(I edited my post, it was a bit eeh.. )

Fri, 02/10/2012 - 01:21 | 2144844 ebworthen
ebworthen's picture

More side picking.

The bankers don't care who fights or who takes side, they just want more money.

It serves their purposes to divide and conquer.

This is the problem with a "union" of disparate nations, they are all ripe for pillage.

Thu, 02/09/2012 - 23:14 | 2144562 The Deleuzian
The Deleuzian's picture

The bulldozer pushing all this garbage towards the cliff-end can't be stopped...Postponing is the MO...

Thu, 02/09/2012 - 23:18 | 2144568 Cabreado
Cabreado's picture

The World agrees -- Leadership-Gone-Bad.

Yet the World refuses -- to acknowledge the fallout.

Thu, 02/09/2012 - 23:18 | 2144571 tim73
tim73's picture

"Indeed, just this week, the associations representing doctors, lawyers and structural engineers met in Athens and agreed on a unified boycott of products from Germany."

So spitting at the guy, who is trying to give life vests to them, is the way forward in Greece? 

Thu, 02/09/2012 - 23:20 | 2144576 Blorf
Blorf's picture

They just need a few more weeks to let people withdraw their last euros from the empty husks of Greek banks.  They let 'er rip.



Thu, 02/09/2012 - 23:22 | 2144580 The Deleuzian
The Deleuzian's picture

I don't know whose worse...The Bankster f**ks who who pushed all this forward...Or the Greek elitist politicians who sucked it all up! 

Thu, 02/09/2012 - 23:28 | 2144596 penisouraus erecti
penisouraus erecti's picture

A pox on all their houses.


Thu, 02/09/2012 - 23:31 | 2144602 Ned Zeppelin
Ned Zeppelin's picture

Awesome show.  We need a version of that here in the U.S.

Snapping out during prime time.  I like it.

Thu, 02/09/2012 - 23:34 | 2144613 Yen Cross
Yen Cross's picture

Has anyone Listened to Tyler? Reminds me of my first ride on a " 747-200" Spiral staircase, and LAX- Indianapolis. Kindergarten! TWA

Fri, 02/10/2012 - 00:59 | 2144801 Atomizer
Atomizer's picture

Nope, we didn't hear a word Tyler had to say. In the meantime, tell us about your kindergarten 747-200 ride. Did you slide down the spiral staircase? Please share your experience. ZH inquiring minds want to know.



Thu, 02/09/2012 - 23:41 | 2144633 Cobb
Cobb's picture

German banks winning the war that the tanks could not...

Thu, 02/09/2012 - 23:57 | 2144677 tim73
tim73's picture

If Germans are still Nazis then maybe Yanks should be called a bunch of land thieves? Did you feel sorry for Native Indians today? Why not? You are bad bad bad! Get on your knees and pray for forgiveness, you Yank bastard! You are no good!

Fri, 02/10/2012 - 03:04 | 2144918 Alpha Monkey
Alpha Monkey's picture

I feel sorry for Natives that were exterminated through systematic genocide during settlement of the US.  Any which way you cut it, they got fucked.  But then, I tend to feel sorry for anyone who gets a raw deal.

Fri, 02/10/2012 - 07:51 | 2145105 AnAnonymous
AnAnonymous's picture

Ah, US citizens...

The great brotherhood of crime. Dont spill on me, I dont spill on you.

Dont tell I am a Nazi, I do not tell you are a land grabber.

This is how it works in US citizenism.

Get your share of the crime, US citizens do not feel comfortable with honest people. Time to blend in.

Fri, 02/10/2012 - 00:01 | 2144685 Eally Ucked
Eally Ucked's picture

First of all if Greeks don't like Nazis they should abandon the Union. This way they will fuck up Nazis and preserve national pride.Otherwise I don't understand what mr.Trangas and Stavropoulous want, do they want badly to stay with Nazis for some payment as paid bitches or what?

Fri, 02/10/2012 - 07:54 | 2145110 AnAnonymous
AnAnonymous's picture

Made me laugh.

US citizens are US citizens.

They have the passion of the group.

You leave the group? You really try to sell the idea that the group is going to leave you alone?

It is no longer 1776, time has flown by.

US citizens ways are known. If they leave the EU, it will be worse for the Greeks as all their former pals will gang up on Greece to appease internal tension.

Fri, 02/10/2012 - 00:04 | 2144694 ekm
ekm's picture



I that borrow $1 million I can't pay back (Greece, Italy, Portugal...........)


The bank that lends me $1 millions it knows I can't pay back? (Deutsche bank, Societe Generale, Intesa San Paolo etc)

Fri, 02/10/2012 - 01:13 | 2144835 ultimate warrior
ultimate warrior's picture

Trick question.  The U.S. tax payer is "stupider" as they pay the borrower and the lender, with interest!

Fri, 02/10/2012 - 00:28 | 2144740 Alcuin Bramerton
Alcuin Bramerton's picture

NO to Austerity. Ninety NEIN to Angela - 99%. Nein und abermals nein!


Poor Angela. Adolf Hitler's illegitimate daughter is as unpopular as her father in Greece.

Fri, 02/10/2012 - 00:45 | 2144772 graymnzrc
graymnzrc's picture

What happens when the Greek Govt accepts a deal and the people do not?

Greece is not a Tier 1 Ally of U.S.A. (Turkey is higher).

If there is killing in the streets, the U.S. will probably denounce but little else.

Just watch "our" reaction to their riots and govt. tanks firing into populated towns.

If it was Syria, you would see different media coverage.

Fri, 02/10/2012 - 00:50 | 2144773 graymnzrc
graymnzrc's picture

Why the hell are all of my posts doubled. Should I apologize or is it a view thing only to me?


Fri, 02/10/2012 - 00:51 | 2144787 honestann
honestann's picture

Don't double click the "save" button.  Single click it.

Fri, 02/10/2012 - 00:59 | 2144804 ebworthen
ebworthen's picture

Didn't take long for the Swastika to come out.

Watch for more nationalization and the weakening of every Eurozone tie.


Fri, 02/10/2012 - 01:38 | 2144817 monopoly
monopoly's picture

I am just not getting this. The Greek govt. is going to abide by the laws of the slave holders and cut everything to the bone. The people will suffer even more. And lets not pour over the way they lived for so many years. We all know it was absurd to the nth degree. But that is then and this is now.

If you starve the country of all of its resources and the people rise up against their slave masters, what will be left? How can a country and its economy recover, much less grow? The country will be in ruins and later will still not be part of the Euro community.

They need to tell the slave lords to go home and forget the aid. They need to default, stop all payments to broken banks and bring in their new fresh plates for printing dracmas. Either way the people and the nation suffer, for a long time. But, by screwing the banks, they will emerge quicker from insolvency, start on a new path, debt free. At some point Europe will trade with her. After all, money rules, not laws, promises, or written documents. We sure are learning that in this country. They must start anew. Why put the people through all these sacrifices for Europe, only to end up on the trash heap, either way. At least by defaulting, they have a chance to change. By taking the bail out all they do is prostitute themselves longer than needed. When will the people anywhere rise up against these Banksters. Makes me sick to think about it. Not one, not one goes to prison for destroying our way of life. Rule of law. Not in this country.

Fri, 02/10/2012 - 01:52 | 2144875 Paul Bogdanich
Paul Bogdanich's picture

This is all being taken out of context.  The Germans had a valid agreement on the Greek situation which was scuttled by the Brits.  Remember?  It was my opinion then and remains my opinion now that what Germany will do in response is to force losses on the British banks.  However, the English are much better at English language propaganda and so they make it look like it's Germany at fault along with all the Nazi stereotypes etc.   

Fri, 02/10/2012 - 07:37 | 2145093 Ghordius
Ghordius's picture

there are some commentators here in ZH that don't believe there is an "English language propaganda" as you put it.

Fri, 02/10/2012 - 01:58 | 2144879 lasvegaspersona
lasvegaspersona's picture

Holy crap...I just realized how bad Greece is...California is hurting, they have 36 million people and are a few billion shy of balancing...Greece has a population of under 11 million and need $172 BILLION????WTF!!!

Greece has no army (if they do it should come out now) WHAT are they doing with all the money?? It has to be cigars and hookers all around.

California is not exactly the model of efficiency...WHAT WHAT WHAT!!!!where does this money go in Greece!!??


What possible expenses does a country less than a third the population of California have (that could leave them $172,000,000,000 IN THE HOLE) ? Do they have a moon settlement program?

Fri, 02/10/2012 - 02:34 | 2144906 tim73
tim73's picture

Greece has a big army. If you take US federal debt into account, California is worse off.

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