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Greece Politely Declines German Annexation Demands
Following yesterday's frankly stunning news that the Troika politely requests that Greece hand over its first fiscal, then pretty much all other, sovereignty to "Europe", here is the Greek just as polite response to the Troika's foray into outright colonialism:
- GREEK GOVERNMENT SPOKESMAN DECLARES THAT THE BUDGET IS SOLELY ITS RESPONSIBILITY - DJ
What is interesting here is that unlike the highly irrelevant IIF negotiations which will end in a Greek default one way or another, the real plotline that should be followed is this one: because unless Germany, pardon the Troika, gets the one condition it demands, namely "absolute priority to debt service" and "transfer of national budgetary sovereignty", as well as a "constitutional amendment" thereto. there is no Troika funding deal. Furthermore, since as a reminder the PSI talks are just the beginning, the next step is ensuring compliance, as was noted yesterday ("[ceding sovereignty] will reassure public and private creditors that the Hellenic Republic will honour its comittments after PSI and will positively influence market access"), any refusal to implement such demands is an automatic dealbreaker. Which means anything Dallara and the IIF say, as representatives of a steering committee that at this point probably constitutes of one bondholder, with the bulk having shifted to the ad hoc committee, is irrelevant. Germany just got its answer. And the next step is, as Zero Hedge first suggested, an epic LTRO in precisely one month, whose sole purpose will be to prefund European banks ahead of the Greek default with enough cash to withstand Europe's Bear Stearns. Although as a reminder, in the US, Bear Stearns only led to Lehman and the global "all in" gambit to preserve the financial system by shifting bank insolvency risk to the sovereigns (a chart showing bank assets as a percentage of host countries' GDP can be found here). But who will bailout the world's central banks which already collectively hold over 30% of global GDP in the form of "assets", or as this term is better known these days, debt?
And for those who missed it the first time, here was the Troika's declaration of bloodless war:
Some more local perspectives from Keep Talking Greece:
Athens categorically rejected the German proposal to cede control over its budget to the European Union as a precognition for the second bailout, the rescue package for Greece. “We can never accept this. A similar proposal was made in the past by a Dutch minister. We do not even discuss about it” senior governmental sources told Athens News Agency (quoted via in.gr).
AFP quotes another (?) Greek government source, saying that ”There is effectively a ‘non-paper’ that was presented to the Eurogroup,” said the source and stressed that “Greece will not discuss such a possibility. It is out of the question that we would accept it, these are matters of national sovereignty.” At the same time the source told AFP that such a move would “require a change in (EU) treaties.”
The proposal as published by newspaper Financial Times triggered strong reactions in Greece. Education Minister Anna Diamantopoulou (PASOK) described it as the product of a sick imagination. “Tt’s an issue of sick imagination, whoever thought it” Diamantopoulou told private Mega TV on Saturday morning.
So far there has been no reacton by the other two coalition government partners conservative Nea Dimokratia and far-right LAOS.
Greek Communist Party (KKE) said “f the Commissioner be necessary for the plutocracy, it will accept him. But with or without a commissioner, crime against the people is predetermined by the co-ruling of the EU the ECB and the plutocracy in general. ”
Alexis Tsipras, chairman of left-wing SYRIZA asked the Greek government to resing immediately and general elections to be held in February. He describeed the transefer of budget control as “a plan beyond any reason. “It is a plan to loot the country and the transfer of its sovereignty to the Eruopean banks and the international usury” Tsipras said (via Proto Thema)
Finally, to anyone who is still confused by the sequence of events, here is a reminder of how it would all transpire, back from July 21, 2011:
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a ‘budget commissioner’ who would implement the Troika decisions
"Troika decisions" - so, that's Germany for you, Tyler?
Actually "Germany" is all the instances of the word "Germany" in the quoted paragraph.
nice try, there, 'achilles'
L0L!!!
FYI it was Germany... read here
German CDU Kauder: Greece should be Placed under Guardianship
German member of the Bundestag, leader of the Christian Democrat Union parliamentary group and close aide to Chancellor Angela Merkel made a shocking proposal. To place Greece under guardianship! Speaking to SPIEGEL-ONLINE, Kauder threatened Greece with a payment stop and if necessary the country should be placed under EU guardianship.
”We can not always just give money without something changes,”Kauder told “Spiegel Online”. He criticized Greece’s reform efforts particularly sharply: “Despite all the aid packages in the country, Greece apparently only very slightly improved.”
Greece put under guardianship if necessary
Against the backdrop of the current negotiations on the new rescue package Kauder makes his point . “It must be made clear: there is money only if the country is being tight – if necessary, a state commissioner who is employed by the EU or the euro countries.”
PP
The key distinction here is the phrase “the country should be placed under EU guardianship.”
What part of this concept suggests Germany wants to annex, colonize or be in charge of the “guardianship” of Greece? It’s a little like the clamor in America that we must attack Iran because she might develop a nuclear weapon; political statements do not constitute policy.
It’s not likely that Chancellor Merkel can use any of these concepts concerning Greece: they’re much more likely to be threats and demands coming from the real rulers and organizers of the Troika – the international investment banks.
“It must be made clear: there is money only if the country is being tight – if necessary, a state commissioner who is employed by the EU or the euro countries.
A foreign state commissioner to a sovereign country ? ts ts ts
You know Greeks fought hard the Nazis during the WWII... we can do ti again.. very easily!
You mean that you would accept a foreign commissioner to manage your country?
PP
We have “a foreign commissioner to manage our country,” the same one that the Greeks and Germans have.
The world can no longer afford the investment bankers.
“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” -- Lord Acton
wonna bet ?
1/10...
PP
If the Greek government wanted souvereignty for their people, dignity and independence, they would declare a full default of their debt.
But they want billions to continue with their crony game. - An for the tough part, scapegoats are easily available: ze Germans.
SO YOU SUGGEST THAT GERMANS ARE STUPID TO ENTER A LOAN FACILITY OF 150BILL EURO FOR GREECE ??
YOU KNOW MANY STUPID LENDERS ARROUND?
IMAGINE THE TOP 10 FORTUNE CO'S - ALTOGETHER!! - ASKING FOR 150BILL LOAN... WHAT ARE THE CHANCES THEY GET IT ? I WILL TELL YOU = ZERO !.....
WHY IS THAT ?
WHY EVERYBODY IS STRIVING TO LEND GREECE 100'S OF BILLIONS ... SONCE AS YOU SAY GREEKS WILL CONTINUE BAU..? THE LENDERS DO NOT ANTICIPATE THE RISK INVOLVED? ARE THEY SO INGORANT AND STUPID ?
YOU KNOW WHAT THEY HAVE LENT SO FAR ? 60BILL GUARANTEES !! WHAT THEY HAVE RECEIVED MILLIONS CASH ! INTEREST.... OK ?
GERMANS TELL THEIR CITIZENS.. WE HAVE TO LEND MORE TO THE GREEKS... xaxa WITH 6% INTEREST OF COURSE ( THEY DO NOT MENTION NEITHER THE INTEREST NOR THAT THEY LEND GUARANTEES )
SO I DONT SEE GERMANS AS SCAPEGOATS... BUT THE GREEKS AS SCAPEGOATS !
PP
There is no key statement.
Europe wants to blob up.
Germany wants to be the head of the blob.
It is typical US citizenism vernacular.
US citizens declare wars on behalf of humanity, for aliens'sake.
US citizens do not expose themselves in such operations, they prefer to dilute their responsibility through the largest group possible.
Germany will claim Greece's guardianship on the behalf of the EU.
Just like the US of A goes and bomb x country, and ethnical cleanse the pool on behalf of mankind.
It is no longer 1776.
Ways of US citizens are now known. Maybe time to produce better propaganda.
Because the current brew, nobody gets drunk...
Kadir beneath Mo Moteh.Shaka, when the walls fell.Temba, his arms wide.Mirab, his sails unfurled.Sokath - his eyes uncovered. Kailash, when it rises.The river Temarc - in winter.Rai and Jiri at Lungha. Kiazi's children - their faces wet. Zinda - his face black, his eyes red. Chenza at court - the court of silence.Uzani - his army with fist open. His army with fist closed.
Picard and Dathon at El-Adril.
Cheesy Bastard, his sails unfurled, his eyes uncovered...
Greek, don't be a fool. Germans are bitter fuckers, but it is the UK and US that are trolling the EU.
Greece will not forget what happened in WWII during the occupation by the Axis Powers. At least 4% of the civilian population was slaughtered, and the Greek infrastructure was disemboweled.
http://en.wikipedia.org/wiki/World_War_II_casualties
The Germans should stop giving money and leave Greece alone.
hen in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
...in other words http://bible.cc/revelation/18-4.htm
Reading this passage made me ponder....how many college students today could even read, let alone comprehend it?
Germany has been springing for the steak and lobster tails. If Greece wants the relationship to continue, then they gotta put out.
Well said, but I think it is more along the lines of the Germans asking, "Do I at least get kissed before I get f%cked?"
Greeks will be Greeks...
WHEN we withdraw all Greek words from every dictionary aroynd teh world and ASK for Intellectual Rights 1 cent per A4 page... then YOU y friend will be left in DEBT for the rest of your country's existance.
We made mistakes, BUT, the people of Greece didnt steal any money from anybody. Our Politicians with their german and French colleagus arraged the SWAPS of 200p with GS, and the rest of the innessecary Loans.. in order to buy Weapons and pay politicians' bribes ( both sides ).
So i suggest that you change your comment to " Banksters will be Banksters" rather than insulting a Nation.
Which is your country ? i may have some stories for you as well..
PP
Thanks for the laugh! Greece is great because they gave us language, rotflol.
so you want to be a monkey again... grouya aaagrouaaa grouaaa.. thats fien my me.
PP
Yep, exactly! Neither the Greek nor the German people are responsible for this mess. Two peoples, two characters, to ways of live. Could be working perfectly in a world without interfernece of criminal overlords.
If Greece was on fire and fell into the Aegean-As long as equity futures were up...No big deal!...Move along...Move along...
Atleast that's the way they would spin it!!
[ceding sovereignty] will reassure public and private creditors that the Hellenic Republic will honour its comittments after PSI and will positively influence market access
oh well, this is a very good excuse, congratulations.
this can be avoided by the emission of eurobonds, but this will imply some kind of help from germany; a help which is punctually denied as tradition teaches.
so it's better to stay away from the fire, but with the power to impose rules which will affect greece but not germany.
if this is not colonialism maybe i'm missing something.
anyway, if i were a greek, i wuld prefer to die starving instead of being controlled by the germans.
it's way better a goldman dictatorship.
When israeli interests setup a plan to exploit US bankruptcy by selling our resources, Americans will sit by and fork over everything--because our politicians are bought, and citizens have no idea what it means to lose their own country. Maps of natural gas reserves in Wyoming, fishing rights in Alaska, nice parts of Florida completely for sale to anyone, and Americans will just do NOTHING to stop it.
Americans are convinced that if we do not unconditionally support Israel, we will going against God's will and will suffer the consequences. What a diabolically amazing propaganda coup..... I am ashamed to admit
This is the name of THE REAL GAME.. in my country
OIL n Natural GAZ resources.. in English.. plz read and forward.
http://www.scribd.com/doc/79324151/Petrelaia-Natural-Gaz-Greece-19052011-Foscolos-New-PP
PP
PP- great scribd presentation... now I get the EU endgame.
Germany politely declines Greek credit demands.
Gamesmanship.
All Greece has to do is partner up with all the other deadbeats and threaten to "bring down the house" and they will get their fucking bailout.
The result will be a loose union of "deadbeat" nations living on charity (because any bond they sell will default), and a more aligned EU, until the next deadbeat nation shows its' hand.
The first step towards a solution is to stop printing and stop lying about it.
Quaf - the sound heard from the ballsack hitting the taint of a female (or male) while getting pounded- America could here a faint quaf from Germany pounding Greece in the other room http://www.urbandictionary.com/define.php?term=QuafIn other good news, just like Mussolini and Hitler, Merkel is going to campaign for Sarkozy in his bid for reelection.
FRANKFURT — German Chancellor Angela Merkel will back French President
Nicolas Sarkozy in his so far unannounced re-election bid, according to the
draft of a speech that the head of her party was to give later Saturday in
Paris.
"Angela Merkel will support Nicolas Sarkozy at campaign rallies in the
spring," Hermann Groehe, the secretary general of Merkel's conservative
Christian Democratic Union, is expected to tell Sarkozy's UMP, according to the
draft obtained by AFP. The elections are set for April and May.
The CDU is convinced that Sarkozy "is the right person in the Elysee Palace
and will continue to be in the future," according to the speech
That is just beyond ridiculous...
As Putin so succinctly put it yesterday "the West is no longer looking for allies but vassals".
Good Lord. How many of these fucking "history repeats" tunneling bias, market fundamentalists are there on these boards?
Germany's days of imperialism are over. Why was Biden in Athens a month or so ago again? And, Geithner frantically suggesting Euro-TARP? The entire EU has been a puppet state for the US & UK led post war wealth extraction scheme. If Germany happened to gain by being their immediate inferior, then that was secondary to the true plunderers.
Germany ain't in the fuckin' club.
Most interesting perspective GMb...Wonder if the German people see it that way...Let alone the French...Fortress Europe in reverse!
Man...Puppets moving puppets moving puppets...Hell! It's puppets all the way down!!
Ah... Deleuze.
The Germans are a post-collapse society, they are now a timid bystander of Anglo-fascism. Not blameless though, I insinuated no such thing. They're witnessing the mistakes that the Nazi's once made in real-time but the orders are coming from elsewhere. The true de-stabilzing force in our world today should be obvious by now to all.
Makes the whole dollar-Euro etc. fiat endgame fascinating to watch...I wouldn't miss it for the world...
If you ever wondered who is running the EU, it is not Germany.
Greece most definitely resembles some sort of twisted-evil-more machine now than man-ground zero-economic political-playground-lab experiment...Yep...That about sums it up...
Which one is Hitler?
Not ridiculous at all, the establishment at work per their script.
Germany could use a few allies here ... They could talk to the FYROM, which is at odds with Greece and having its NATO accession held up by Greece because the Greeks feel that Macedonia is exclusively a Greek trademark.
Gee, now that I think about it, the Greeks may have already pledged it as collateral along with all the other national treasures, which might explain why the are so doggedly determined to not let FYROM use it.
I have already passed the right to collect the German debts to Greece ( WWII=300bill Euro ) to Jewish Banks with 20% fast Collection Fees.
PP
FYROM: Former Yugoslav Republic of Macedonia. There you go - they already use Macedonia for self-determination. Problem solved.
We Greeks had our share of imperialistic (aka liberation) wars in the beggining of the century - Enough is enough.
And please let me use this opportunity to extent our love to all Turkish people. I know what you will say - but every relationship has its ups and downs :-)
Wow, this truly is an international crowd here.... How do you feel about Skopje being renamed Alexandria? It is a bit over the top, but priceless nonetheless.
What you fail to understand is that we are all Balkans. We share thousands of years of common history and culture.
So to answer your question, I would really have no objection. In fact, I would feel honoured!
This is a prelude to every euro country accepting this-thats all...
And America. And Japan. And Canada. Under the IMF.
These debts are odious and the bondholders should lose. Greece has suffered enough for the crimes of its political and financial class.
When you lend money to gangsters (the Greek 1%) you pay the price. I don't see why the cousins of those gangsters (the Greek populace) should be the ones to suffer.
I wonder when the creditors will really start coming to claim the collateral. Greece can give BNP Paribas The Parthenon. Deutsche Bank can have Santorini. The Chinese can have Houston...and the Japanses can have Yosemite.
Wouldn't be so bad...
Repudiate the odious debt!
Yes, but then again you have 1st to get rid of these gangsters that sell "protection services" to the population. Cousins or not!
Wow! Who saw this one coming!
Not the benanke.
First - the "request"
Second - the "denial of request"
Third - a historical repeat in contextual parallel to pre-WWII Poland.
Fourth - a major distraction technique deployed by the global MSM in collusion with govt entities...(i.e. - Charles Manson released on parole to join Dancing with the Stars)
Quite telling that they can't let Greece default
How can you build a NWO if you can't even keep a country that has everything to gain from a NWO in line?
Perhaps all the "aid" to Greece so far has been the ante to take the cards.
Yeah they say that... until Greece goes under and then it'll be ``we have to do it for the children!!!!!!!!!``
what i dont understand is they are already focused on greece negotiating a deal and not upholding the new agreement - so they want further assurances which is they control the cash flow priority of the country - ok
but unless the premier et al is completely corrupt and is going to leave the country after this is done and put to bed and never to return - why would someone agree to anything?
if you do nothing and default in march - and then in six months say the number is 15 cents on the euro with all futures over 30 years - almost the entire countries cash flow is for the benefit of the citizens forever
they may have to tighten their belt but that's better than slavery for generations
telling the banks to piss off to me is the only rational decision and then create a new life - they can make their life miserable but they cant kill them
what am i missing?
Yep... And Greece/Piggs is about to see oil go through the roof as well.
Ahhh... Springtime in Athens...
No matter what they say, this is it. Germany wants out. Greece (and maybe the whole shebang) is going down in the next 60 days.
Greece needs to do like Iceland and tell the euro shills and the banks to FUCK OFF.
nyk nyk nyk
no more money for Greek-invested (European) banksters.
Let them all default!!!
THE REICH
There are two separate issues at play here. The PSI, which is backward looking, could still be agreed upon. Whether or not Greece retains budgetary autonomy concerns this point forward and any subsequent cash infusions from the ECB. The latter is a separate matter, which the market may choose to ignore while it celebrates agreement on the haircuts, if they pass.
Separately, the automaticearth is reporting that a Dutch political party (PVV) is about to make a stink about the Netherlands being forced to bail out the profligate periphery, and will demand Holland withdraw from the euro.
I figure if you owe a bankster a little bit of money, it's your problem; if you owe them a lot, it's their problem. Greece should guide itself accordingly. These printing fools at the ECB and Troika have no business lecturing countries on fiscal responsibility, since they have been enabling and encouraging this all along.
Bullish for more Gyros joints in the U.S.
But seriously, the Germans proposing this must believe that the populace of Greece and of their own Germany are a completely quiescent bunch who would never vote anyone out nor riot in the streets.
The banks and bankers have gotten away with an awful lot, but what is their escape plan when they run out of bluffs and chips?
At some point the people of both countries will say what some of the Greek officials are saying; "You must be dreaming."
"Just Walk Away" is the new game in town. House owners, commerical owners, renters, ....everybody is doing the newest and latest strategy ...why not the Greeks?......Just Walk Away from your Debts:
http://articles.businessinsider.com/2009-07-26/wall_street/29988515_1_co...
It would hurt Wall St. But they don't have to make their hands dirty, since they own Germany.
germany will have the last word and it will not be so polite as the first....greece sovereignty is finished...banksters do not take kindly to haircuts....greece was indeed targeted for takeover....
We- Greeks- have not yet revealed our "closing statement"....
- not our GS government..! US the people og Greece, how know the Banksters' game.. inside out.-
PP
I think 2105204 PY-129-20 this morning expressed rather well the “German” sentiment. He said:
We are sitting in the same boat. Honestly, as a German I don't fucking care about the Greek political system. And why should I? It's none of my business. We Germans should not be forced to pay one cent to Greek people. Nobody should. Not the Dutch, not the Finns, etc. And the Greek people should not be forced to give up one Iota of their sovereignty.
Why should I hate the Greek people? I am speaking of the ordinary Greek people. I think they are going through a horrible time. And so do many Germans I've spoken to. Do you really think that the ordinary German wants this?
This is not working. And we all know it. End the current EU, end this currency union. We Germans exported very well before the EURO experiment started. You think it is because of the Euro that we export so much? Nope. It's because of the cheap labour in my country. Unlike our European neighbours we do not have a minimum wage. There are people out there in Germany that work for 1 Euro per hour. Can you top that? I guess slavery is the next hip thing here. I am tired of this shit. More and more Germans are waking up every morning knowing that they will never be able to retire. Actually the whole system here is built around this. But what is the average German concerned about? He is not better than his American, English, Greek counterpart. Which show is the most popular here? It's called "I'm a Celebrity...Get Me Out of Here!" - an international format, imported from Great Britain. Watching a bunch of former "stars" in the jungle and watching tits. I am not a killjoy - I don't fucking care about that. But it's a sad story as a whole.
There will be a lot of anger when this thing explodes here in Germany. And this anger will be directed towards the German elite.
Check your passport(s) folks. Whatever it is, hold your policymakers accountable.
I am Greek and completely agree with this comment.
If the Greek people succump i.e. to full abolishment of their work rights (aka "flexibility" in the labor market) what do you think that happens next over Euroland?
This is the critical issue: "competitiveness" as elequently put forth by a FT journalist in Davos forum is a relative notion. If Greeks become more "competitive" then the Germans loose "competiteveness" and the next thing you know is that you have some German people working for 0.5 Euro/hour.
Although I sympathize with your pain and agree you should default, the notion that Greeks are victiims here is ludicrous. You have taken the money knowing full well it won't be repaid, this is your culture. The corruption and lazy attitude of your culture should have an appropriate standard of living.
Explain how a country can survive with 50% of the population working for the government, and collect only 30% of the taxes due?
It is a symptom of every "latin" based society to constantly inflate and default, with crushing corruption embedded at every point. Point one out to me that does not follow this pattern.
Made me laugh.
The ponzi set up by US citizens knows no borders.
Cheap propaganda to claim that northern countries in Europe can overcome the Ponzi.
If only, those from Southern Europe were late comers, hence their weakness.
You are under the severe intoxication of cultural bias.
You are in fact a perfect example of the market religion of the moneychangers. You haven't the slightest idea of the historical and cultural significance of the people you disparage.
But hey, you're a useful idiot. At least you're 'productive' even if in spewing ignorance.
If you really think that the money was used to serve anyone but the Greek plutocracy and their trade partners, then sorry you are wrong.
We Greeks are responsible for all these corrupt policiticians we kept electing all these years. And we Greeks have a lot to learn from the peoples' qualities from other countries.
But even if I were to believe that the Germans/Europeans/The World had the purest of intentions for us, I would know that all these would be to no avail thanks to our corrupted elite.
So please don't sympathize the Greeks - be more sympathetic of the Greek elites that are now in more danger than ever before...
...the matrix has you...
Nice tits. Thanks for the link. I agree with your sentiment as well by the way.
but thanks for the tits.
NIce tits. Fake, but nice.
Tyler, I hope the headline is pure cynicism.
FYI
Eurobond is the Trojan horse for all countries to lose their fiscal sovereignty !
What is the meaning of "Centralized Financial Governance" ?? lol lol..
We are not stupid..
PP
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
"It is their duty"...
To repudiate the odious debt.
Nice sentiment, but we have modern problems to deal with.
Face it ... The 8 century experiment with increasing personal liberty has been a failure (why, because the ruling elite tell us so!), and it is time for a return to the natural order of things, e.g. slavery and serfdom, that has prevailed for millenia.
Pure evil! Greece must resist no matter the cost!
We shall go on to the end, we shall fight in France, we shall fight on the seas and oceans, we shall fight with growing confidence and growing strength in the air, we shall defend our Island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender,
//////////////////////////////////////////
Not enough time to make a greek version.
Greek version:
We shall go on till siesta time. We shall fight them and amongst ourselves. We shall fight in the tavernas and the coffee shops. We shall Fight from our balconies with rocks, tomatoes and yoghurt. We shall defend even our smallest island, no matter what the cost to the Eurozone will be. We shall never surrender until our debt is written off and until Germany pays us for what she did in WWII.
"molon labe".
These people are out of their minds. No matter how much dessert a country has had,what makes the Merkel's of the ECB think a country will give up its sovereign right to spend its monies the way it sees fit, even if wrong. No nation would allow that.
So lets move on to default, get the Drachma plates on the presses, advise all to go home, take the pain as needed and eventually move forward as a free country with 0 debt.
And I think Spain, Portugal, and Ireland should take notes as this moves along and advise "Me Too". There, done.
It is a nice fantasy, but history does not support the creditor. They have taken this to the wall, and now we will reset.
The liberal, socialist, banker cabal that for 100 years talked compassion all while strangling their populations with inflation and debt, is at an end.
Real assets and real productivity after a pretty messy period will emerge.
'Messy' is the unknown...It could get down right aweful for many people across the globe...Kind of like 'The Plague' before the Renaissance...
The German government had to know that this would be the response from Greece - so inquiring minds want to know, what is the German's game here? Are military 'exercises' involving paratroopers coming to the Aegean soon? And by the way, do the Italians not realize that this plan has already been implemented in an EU takeover of their government? Is Spain next? Achtung!
Come on now. If history repeats itself it is always a farce. I trust the common sense of German people more than their leaders.
while, all eyes are on Greece, let us not forget Cyprus - that tiny strategic island just west of Syria's port-o-call?
http://en.wikipedia.org/wiki/Tartus
the Russians are financing their debt obligation without the help of the obliging EU Community,... strange.
http://www.euobserver.com/19/113633
+1. cyprus is a good card. greece could negotiate a deal,
reonouncing claims for cash, credit, gas, or strategic bases.
Just like our US Obama Asswipe, finding ways to point the finger and hold no responsibility to your actions equates to Marxism 101. " It’s still Bush’s fault!! " LOL
Soros: Angela Merkel was the creator of the European crisis -11/2011
BTW, Soros is not telling the whole picture. WTO is their biggest issue. You'll only hear crickets surrounding that subject matter.
at the 1:56 minute mark in this clip Nothing Says It Better than
Sieg Heil!
http://www.youtube.com/watch?v=CeLrlmV9A-s&feature=related
...
not as funny as the original but then what sequel is?
This current Merkel caper is acquiring hallucinating dimensions. In the current Greek deadlock that has the world holding its breath at Davos as elsewhere, Angela put the dagger to the throats of the Greek Oligarchs asking them the financial keys to the Parthenon. They have refused as is normal. How a head of state in Europe could have even made such a written ultimatum, contrary to all nation state protocol, is beyond comprehension. It makes the world wonder if Frau Merkel is not having nightmares that haunt her days. They were more diplomatic ways to achieving this pressure play, no doubt warranted, as the Greek government is corrupt, than a written official ultimatum under German letterhead; as this document will go down in history.
To make things worse her national party CDU has just made an official statement : Chancellor Merkel will participate actively in Sarkozy's election campaign for relection in France, by attending his personal campaign meetings on french soil leading up to election, a May 2012 deadline.
I don't know if you appreciate the political dynamite that this represents in a two Euro nation conflictual dialogue that goes back to 843 ad. An elected head of state breaks all international protocol by inserting herself into a national election where she has no place and compromises her country's neutral role. Can you imagine if Sarkozy loses, Angela having to welcome his rival Hollande as legal french president; from June 2012, on official visit to Berlin; to shake the hands of a Chancellor who actively campaigned against him! Not on!
I don't know how the french public will react to this. It is a clear sign that Sarkozy is already admitting to the french nation he is reeling on the ropes. It will not go down well as Hollande is way ahead in the polls. He will never forgive a weakened Merkel if he is elected, and will torpedo the current deal as he has publicly said. He wants the euro plan to involve more long term investment to create growth in 2014 onwards. Typical Keynesian strategy. She is coming up for election in 2013...
It means Eurozone goes into limbo until her election ends...Thats what the world needs...All euro politicians in limbo in 2012/2013 while Greece and the others burn. Madness personified...this is the last straw for these incompetent leaders.
German politicians violating international standards? How come to? That's the solely privilege of US foreign policy.
Lisbon Treaty. Winks
http://europa.eu/lisbon_treaty/index_en.htm
It struck me as quite unusual as well...Seems unclear what they hope to accomplish by this...You would think Merkel would steer clear of French Politics...It would make sense if the Bankster Globalists wanted to dump Sarkozy in a 'matters not who wins' type US election...Where Hollande is just the next sock puppet...
Wonderful analysis Falak. Thank you for providing a great insight into the German/France politics.
Brilliant!
Superb!
keep em comin
Good post, as usual, falak pema.
The banks obviously are putting pressure on Merkel. If true, it will make Merkel look as if she’s completely controlled by the bankers.
The banks would love to retain Sarkozy; he’s aggressive on their positions. They couldn’t hope for a better operative. And I would think Merkel’s support would help Sarkozy in his campaign, making it seem as if he’s making successful deals with his neighbors; but, IMO, it would hurt Merkel. As for Hollande, if he wins, he can probably muster a big hug for Merkel.
But I think it would really upset the Germans. I can’t imagine Americans ever supporting a president who went to a foreign country and campaigned in an election for a foreign leader.
For those Germans who are becoming bothered by their increasing loss of sovereignty and who are facing additional hardships and taxation in their government’s commitment to save the euro, I would think they’ll be insulted if their head of state supports one of the investment bankers’ and euro’s greatest advocates – Sarkozy.
In case you missed this yesterday… We have clueless visionaries.
IMF Managing Director Christine Lagarde in Davos
NO MORE FUNDING LAGARDE!!! YOUR SPILL OFF/MISTAKES AREN'T GOING TO COST AN UNKNOWN VICTIM ANOTHER SDR CENT. Get a Fucking plan together and/or we cut you off. [You] Walking around collecting money with a tin cup no longer works. The very people you are borrowing money too do good in life are tapped dry. How will the FUND operate without someone else's money available to you? Do you see the conflict of interest? The adults who acted like children will be disciplined for the mistake, not bailed out. That's how free markets work!
Up till now the politicians dd the troika's bidding so as to secure their paypackets. This time i suspect they feared being lynched by the populace.
Somehow i suspect there is more than meets the eye to this chapter of "Revelations".
Can we say Forced Savings - Boys and Girls? Someone forgot to tell the moron Bush that during WWII there was rationing and 'Savings Bond Drives' where ALL demand was suppressed to go into war production. The same mistake LBJ made.---- Bush the Moron" The Invisible Guiding Hand of the Free Market says that I can fight 2 and 1/2 wars and LOWER taxes and finance the whole thing with US Bonds and since all of the brilliant Marxists from China got their MBAs from Stnaford and the U of Chicago they will be stupid enough to buy the worthless junk. Supply Side and the Invisible Hand, blah blah blah ---- Your mother dropped you on your head when you were a baby, didn't she, duhhhhhhhh
He was our first and last MBA president. Speaking of financing wars, you correctly described what had to be done to win wars in the old days. Everybody suffered. That is why they were resolved relatively quickly.
I never cashed my $600 2006 "economic stimulus" check from GWBs handlers. Does anybody remember how bad the "economy" was in 2006? Lulz.
You were lucky to get one of those checks moron. Did you think they plucked that $600 off the money tree at the White House. Guess who gave you that check? Not the 99%. The 99% doesn't pay income taxes to send you a $600 loan. You had to declare that check as income to IRS, if you cashed it.
Bear in mind, using the 1% vs 99% media class warefare figures to illustrate your 2006 example.
I am a moron. My only point was that the economy was in much better shape in 2006 than it is now. I am surmising that the "stimulus" was really "payback" for the american people accepting the costs and casualties of the 2.5 wars.
If I am wrong, and the economy is in better shape now, then that explains why we are not sending out checks this year, since the war in Iraq is over.
Good for Greece! German investors loaned them money, but didn't look at their economic situtation? PULEASE!
75% correct. My kudos to you. Let me corrent the other 25%. They did look at the economic situation and they knew that Greece would never pay, but.........they thought that ECB would always cover the losses. Which is TOTAL BELIEF in government power. Hence totally IDIOTIC.
On the other hand, if one includes that UNFUNDED LIABILITIES, Germany is as bad as Greece.
I'm sure that took a lot of CONSTERNATION, from Athens. <>
100 000 troops being deployed near Iran by March.
http://www.defencenet.gr/defence/index.php?option=com_content&task=view&...
Great link. Thx a lot. It re-inforces my suspicion that the attack on Iran and Greek default or something worse will occur simultaneously in order to balance off the news coverage and have both necessary things accomplieshed:
Two things that have to be accomplished ASAP:
- Few European Banks collapse
- Destruction of Iran nuclear facilities (discussion about it's worthiness is irrelevant. The doubt itself is enough).
Looks like the Greek private deal is on, according once again to Dallara and Greek crooks Inc. But wait and see...this is such a game of grab the other's nuts and false mirrors. Admittedly, Merkel is losing patience and IMF may pull the money plug; so the Oligarchs must decide this week; before slavery definitely arrives brutally.
Greece And Its Private Creditors Say They're Close To A Debt Swap Deal, Expect To Iron Out Details Next Week AP | 3 hours ago
Read more: http://www.businessinsider.com/greece-and-its-private-creditors-say-theyre-close-to-a-debt-swap-deal-expect-to-iron-out-details-next-week-2012-1#ixzz1knHRjgyE
As Tyler pointed out, everything about Greece has become irrelevant. Right now, practically NO BANKING SYSTEMS exists in Europe. It's just the ECB and nobody else. Banks are not lending to each other and not lending to people. Everybody has losses not marked to market. Hence, some banks MUST DIE. Greece and Portugal default will destroy few banks which is VERY GOOD for the system to clean up the clog.
However, I disagree with the rate of gravity of the situation. I think MF Global was Bear Stearns. Greece will be Lehman. Just few more weeks.
LONG live [LTRO]. LONG live [IMF]. LONG live [EFSF]. AKA operation " Cluster F..K" . Hey Timmah and Ben, crawl out of your can of "Peanuts & Corn" economics!
LOL
Funny guy. Good point though. They can introduce any combination of "solutions" to create money that ends up going back to the creator(ECB) without touching the people or produce any goods. ECB creates-ECB gives to some group of people called BANK- Bank puts it back to ECB. They can keep creating NOTHING until hyper inflation.
Hence, few banks must die. Thx for the comment.
If we don't intervene now, the entire global market will suffer. If we don't act swiftly , we'll have another CRISIS on our hands. The whole world will go down in a hand basket.
This is becoming such a joke. The receivers on the bet are going to lose their trousers', they're shitting bricks right now. Spinning fear will hopefully direct bets back into receivers favor.
In other words, the patient is dead, but if we remove the tube he will die again. So, we don't want him to die again, but he's dead, but if we remove the tube, he'll die again, but we don't want him to die again, but the patient is dead, but if we remove the tube, he'll die again, but we don't want him to die again, but the patient is dead, but if we remove the tube, he'll die again, but we don't want him to die again, but the patient is dead, but if we remove the tube, he'll die again, but we don't want him to die again, but the patient is dead, but if we remove the tube, he'll die again, but we don't want him to die again, but the patient is dead,
Whose job is it to post the map including the location of USS-Timmay?
These post-war negotiations seem a little early. Rickards is the guy I always refer people out of the "know" to- he's just so damn insightful with credentials-BUT- He is still claiming the Euro will survive. I don't see it. Good god - default already and start the chain of events. Ok, maybe the Euro survives minis the PIIGS plus. But then whats the point?
Knowing something is one thing. What does one do with the knowledge is another thing.
Rickards in my reference for current knowledge. However, I draw DIFFERENT CONCLUSIONS from the the same knowledge.
Euro will survive in a different shape after few banks get wiped out in Europe. No solution without a loss.
What shape? Absolutely nobody knows.
The Greeks are avoiding their tax
The Germans are sharpening an axe
It is clear that the end
Is just round the bend
We'll soon see some scenes like Mad Max
OF GREED AND GREECE
Reprint of Original Poem by exartizo
July 5, 2011
Let us talk of Greece and Euros
Of default and So Very Many Zeros
Of how it might ever be the Euro Blunder
Might be stopped from Going Under
Pray how say thee?
As this world stands
Twill NEVER be
Tis' time alone that stands between
European fiscal meltdown long foreseen
The Euro will one day soon be seen
As The Greatest Fiscal Mistake that's ever been
And so all Merkels Manouevers and all Trichets Bailing
Couldn't prevent poor Greece (and all the others) from failing
And so The Dominoes are now falling
And The European Economic Abyss is calling
First Greece, then the rest of the PIIGieS, its True
None of them can make their payments due
The Greek people are rioting they've had enough
Of paying for the wealthy and all of their stuff
Without enough Euros for all to go round
Default like a cancer is gaining much ground
The fat cat bankers are Laughing and Collecting Their Bonus
While ordinary people are shouldering the onus
And how did all of this come to be
When Greenspan made money virtually free?
Why its plain simple GREED the story be told
Of those whose net worth has increased several fold
At the expense of the poor man
and his children and theirs
for generations to come, and all of their heirs
Can Greece just default already so I can see that smug fuck Jamie Dimon eat his words?
He won't care. He and others have seen their words eaten, beaten, spit upon, ejaculated upon and still get paid more and more every year.
USA badly, really badly needs at least 2 out of big 5 to go out of business. I think BAC and C have to die.
I would rather see JPM and GS die than BAC and C.
May the Lord hear your voice.
Time for the Greek military to overthrow these scum, get out of the euro, default on the debt, arrest the criminal bankers, tell ze germans to suck it and whoever doesn't like it can go suck Goldman Sachs's cock.
And if they want the Greek people as slaves, they gonna have to INVADE Greece and show everyone who they really are.
MOLON LABE BITCHEZ!!!!!!!!
That was a rather vitriolic post. Understandably so. I have, but one question? Who is going to finance the " Greek Military"?
The Pension System? The IMF? The ECB? Mediterranean Pirates/ Perhaps? WHO?
Well if they could just manage within cash flow net of trade, they wouldn't need financing....
HAHAHAHHAAHAHHAHAHAHAHAHHAHAHAHHAH
That hurts.
It doesn't cost much for thousands of citizens to assemble with their personal weapons, march to the banking district, overwhelm the 1% and their security by their sheer numbers (and yes, some will fall) and put some bullets into some deserving heads.
It's time for the real economic terrorists to be made accountable.
Texas version of Molon Labe -
http://upload.wikimedia.org/wikipedia/commons/thumb/f/fd/Gonzales_Flag.JPG/220px-Gonzales_Flag.JPG
ps for those political morons out there- bush is from new haven CT, raised in Kennebunkport ME, not Texas
snarc: Are you sure? Never having lived in texas I just assumed they all talked that way. Atleast with the current POTUS he admits he changes his inflections where ever he goes. My favorites are his Iowa, Detroit, NYC, Hawian manners of speaking. Thank goodness the internets and speech coach can analyze this stuff.
come and take it, bitchez!!!
Can you imagine the 50 different states in america dictating each others finances. There would be war within 30 days.
Correction.. One Hour.
The cancer that has manifested this country into the wrong direction will have a barrel looking down upon them. They would be told, this is the Obama Care death panel paying you a visit, Free of charge.. LOL
You have to laugh at them. That's all you can do when a Marxist wet dream plan goes terrible wrong. Each day these folks notch up class warfare. Even my negro friend's cannot tolerate the Kenyan fuckstick.
..."negro friend's"... !!
I try to restrain myself from ad hominum attacks -but you ask us to find your belief in "death panels" credible while overtly displaying racism and a lack of education that can only undermine that credibility. Please enter the new millenium and use a grammar checker.
I used Microsoft spell checker. The word Nigger appeared. Using my swift politically correct skills, backspaced the word and replaced it with Negro. Boy, would my Afro American Republican friends have a field day with you.
not amusing in the slightest.
Get a sense of humor. Start focusing on what really counts in paving our future generation.
racism is never funny.