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Greece Responds To Troika Deal With Immediate Two Day Strike, Threatens With "Social Uprising"
Even as the ECB's very own Mario Draghi is now peddling Greek deal rumors, which are essentially a reaffirmation that the country will "pledge" to return to GDP growth in 2013, we are already seeing real, not pledged, or promised, consequences of this deal, whether real or not (ignoring that Venizelos just said that it would actually take up to 15 days to finalize it, something which means the Greek exchange offer is DOA) namely that the crippling economic collapse discussed extensively on these pages is about to get far worse. AP reports: "Angry union leaders announced a 48-hour general strike for Friday and Saturday." “We are moving to a social uprising," said ADEDY Secretary Genera Iliopoulos." Surely this is the fastest shortcut for Greece to meet or beat expectations of halting the 10% drop in its GDP and convert that number to positive. One can only hope that makers of bulletproof vests can compensate the economic collapse as every other part of the economy shuts down.
The unions, General confederation of Workers of Greece (GSEE) and Civil Servants Supreme Administrative Council (ADEDY), announced on Thursday that their members will go on a two-day strike from Friday in protest at the controversial decision.
"We will hold a general strike on Friday and Saturday along with the civil servants' union," said a spokeswoman with GSEE which represents the private sector.
ADEDY's Secretary General Ilias Iliopoulos described the measures as “painful” which will “create misery for youths, unemployed and pensioners do not leave us much room.”
“We are moving to a social uprising," said Iliopoulos.
Greece has been the scene of repeated strikes since the country first resorted to bailouts from international lenders in 2010.
Leaders of the three parties backing Greece's coalition government approved new austerity measures on Wednesday but failed to agree to creditors' demands to make 300 million euros ($398 million) in pension cuts.
The country’s Prime Minister Lucas Papademos still hopes that the coalition leaders will strike a comprehensive deal by Thursday evening, his office said on Wednesday.
To secure a bailout package of 130 billion euros, Athens must first persuade the troika -- the European Union (EU), International Monetary Fund (IMF), and the European Central Bank (ECB) -- that it will implement long-delayed reforms and make further spending cuts.
Greece's current debt stands at 340 billion euros ($440 billion) -- a sum that equals around 31,000 euros debt per person in the country of 11 million people.
The country has, accordingly, the biggest debt burden in proportion to the size of its economy in the entire 17-nation eurozone.
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And so it continues...
This time it's the newly repackaged "Social Uprising"
Is that their version of facebook?
Deadline is March 20th
Beware the ides of March
What happens on the 15th?
That gives them five business days for the bailout check to clear!
The sun comes up.
The army is called out, then they realize that their pay checks bounced also and join the demonstrators in the streets of Athens. Viva la Revolution!
Greek police stage protest march:
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_09/02/2012_426946
This could be a very important step towards revolution. Maybe the police won't stop rioters burning parliament down?
Haven't we learned that deadlines don't mean squat when it comes to Euro-land. The 15th and 20th will come and go, and then they'll come up with some new plan to tell us everything has been fixed once and for all.
Just check your facebook timeline!
We invade Iran on the 8/9 of March so that should get things going.
This just in:
"Greeks cancel 2 day strike because it felt too much like work and was exhausting. Ask the EU for credit for the 2 days and 3 more holidays to decompress."
Will there be an IPO?
"Did you say...dance?!"
http://www.youtube.com/watch?v=2AzpHvLWFUM
I wonder what is really going to happen when this type of "Austerity/Only Spending what you make" is forced to occur here in the U.S.?
Has anyone seen Riot Dog? We're going to need him......
With Congress content to spend and the Great Chairsatan content to print, who knows how far away that day may be.
To paraphrase Keynes: they can kick the can down the road longer than you can stay sane.
what's our debt per citizen again?
[Answer per debt clock: $48,943.00]
Look again...PERSONAL debt ie mortgage, revolving and non revolving is about 50k. TOTAL debt is 180k.
That's just personal debt. Bottom right.
Including unfunded liabilities, we are over $1 million per tax payer! U S A, U S A, U S A!!!!!!!
Add more bread and circuses
Spock understood.
http://www.youtube.com/watch?v=EIOsLh8JNvE
It won't be funny !
It hasn't been forced on the greeks yet... this is only lip service.
So, to answer your question, when austerity is discussed (it's still a negotiation), I think the united states citizenry will respond similarly, albeit with fewer molotov cocktails (and thus less police shooting protesters).
In the end, greece understands it has the entire developed world by the balls. In the end, looking the citizenry in the face and saying, "you have been living a lie for decades that was based upon material misrepresentations by us and our predecessors and, as a result, you must now cut your standard of living by three quarters and hope to develop a replacement to oil with frozen credit markets" is simply not going to happen... the only thing to do is what has been done before... keep it going as long as possible until the currency is destroyed and then pretend like it was caused by some external, natural force that no one could have foreseen... and, to aid this process, ensure that the educational infrastructure never teaches the populace the real cause.
The greeks are about as sincere to the thoughts of austerity as a puppy dog is to giving up a bone (or, alternatively, stolen underwear).
Today at CNBC:
" Greek political leaders have clinched a deal on austerity measures needed to secure a bailout to keep the country afloat, two government sources said on Thursday."
Translation: Shitty time to be a serf.
Guillotines, anyone?
'Only spending what you make'?
Egads! You mean actually LIVING within your MEANS? Utter insanity!!
There has been very very limited, if any, implementation of any of the Greek austerity measures. The newest round will join the others in the 'we'll get around to it' pile.
The US has printing presses and a gold card from China.
ZH boom, doom, and gloom continues
With good reason...
Buy a Clue.
RON PAUL NOW #2 NATIONALLY!!!
http://djia.tv/ron-paul/ron-paul-surges-to-second-place-nationally-now-a...
Legalize the constitution!
You know you can be labeled as a terrorist for believing such radical thoughts. See something say something bitches!
http://img2.etsystatic.com/il_570xN.137420562.jpg
Wow..What a GREAT Slogan...
Thanks...
Worthless cowardly Greeks. Unless they bring a gun to this "Social Uprising", it won't do any good.
but achilles and ajax won't be walking through the door anytime soon.
maybe some modern day poet can conjure up another greek with gonads.
This raises a question, is there anything in the world these days actually under control? Or is it just all going to blow up any day now?
defer to poster below me stating the illusory nature of control
Control is an illusion. Always has been, always will be.
That is my favorite thing to hear from the pilot when I'm at 30k ft...or on a cruise ship.
i guess the best analogy is the Oligarchy (Illuminati) is controlling the plane and flying it into the side of the mountain. They will jump out of the plane with parachutes just before it hits. The passengers ("useless eaters") get to experience controlled flight into terrain.
Wasn't there a "social upraising" a few months ago? Same shit, different day.
I want to see half of what has been enforced in Greece against the population enforced in the US. Lets see how quiet things will be here after that.
Just get rid of the marxists......it will get quiet pretty quick.
It's either that or kill 30 million people........again.
It appears we have some genocide fans out there.
I'm not saying it's not a way to go.....ok you got me.......I'm not really up with it.
Good thing we've got you to set it straight.
"Social Uprising"??? What does that mean? A refusal to pay taxes? Oh, wait--they already don't do that...
Lazy, worthless fucks
How dare they not pay their taxes to the bankers!!! Half-Brain.
Fuck you
You must be an intellectual.
Seriously! Tax the hell out of them all! They have to pay for huge bureaucratic centralized nanny state somehow...
nevermind the bondholders!
/sarc
Who in their right mind wants to pay taxes to a banker-controlled protectorate?
No only should they not be paying taxes to their shitty government, they should be shooting bankers and dragging their politicians into the street and hanging therm.
Just like the French paisans!
louis, c'est que vous?
Well one thing you can be sure of when it comes to the "Rule of Law" and taxes. Stop paying your tribute (taxes) to the rulers and you'll see how fast the law gets applied.
You people are STILL paying taxes , you people are such internet heros , some day you might grow balls and deal with the real world. If everyone stoped paying taxes we would not have a problem with the Government any more DUH.
Refusing to pay their income taxes-- that's one thing I can admire the Greeks for.
Now they have to follow through, and reduce the size and scope of their government by 50%. THAT'S the hard part.
It will be dirty and nasty, but also lulzy.
As Max Keiser said, "I'd love if they would try in Greece what they are trying here. Considering that there are 250 million guns in the United States, it adds a little 'spice' to the whole situation."
Why do you think the government wants to take away our guns?
That's why I love, but also hate, pacifists. I love the fact they want a peaceful world, an end to violence. It's an admirable gain.
But that goes against, you know, SCIENCE. I hate the fact they ignore the fact that not all organisms think on their level, especially humans. That we can mave some magic wand, that will eliminate violence, guns, passion, and feeling.
For example: not all chimps in the jungle are compassionate as their peers. There are just as many chimps who would break a coconut open for his fellow mate as there are as many who would rather break a coconut over a fellow chimps' head so he will have all the coconuts.
Until the environment changes, surivival instincts kick in, and that usually leads to cooperation. Or clan cooperation, as we see with Baboons.
There are evil people in places of high power who know once they take away the threat of retalitory violence, they know they have us by the balls.
And not all psychopaths are dumb, frothing drug addicts. Some happen to be the heads of police forces, states, and banks.
I disagree with the meaning of pacifism as you use it; I do not deny that it is an existing ideology, but rather affirm it does not make sense. So I understand why you "hate" it.
A "pacifist" without means of defense, be it guns, martial arts training or other weapons, is weak and powerless. Then is it really a choice for him to dismiss the use of violence? No it isn't, he simply doesn't have the means! His philosophy has disempowered him.
Now, I regard much more highly the real pacifism that can be seen in spiritual martial arts (i.e. most except krav maga). The martial artist is trained to his weapons so that he might be competent in their use. He is led to understand that legitimate defense is not aggression, i.e. not violence and does not go against the roots of his peaceful attitude. Yet he does not intend to use that power and his whole philosophy centers around averting whichever conflict presents itself peacefully, self-defense being the last resort.
The real power of pacifism lies not in being disempowered but rather in having the means to fight back yet not wanting to use them, exploring all other possible avenues to avoid conflict escalation.
I 100% agree; I guess I was more referring to utopian pacifists, like my friend Jen (who literally gets mad when you swat a fly). Not the ones you mentioned above.
I know quite a bit of MMA guys; even had the pleasure of taking bong hits with the awesome Eddie Bravo (10 Planet Jiu-Jitsu owner) when I was in Vegas last year for the WSOP. Just an awesome, fun, happy stoner dude. But also one who, if you crossed, would take your neck and snap it in a second with a crossover triangle.
I do believe in the Man who walks Quietly with a Big Stick. That in a sense is why I hate guns (but understand their need for survival); it's taken the morality of violent action away from the aggressor (it's phallic origin is prt of this).
Or like, Gandi and the Quakers, you stand up to them morally and let them hurt and kill without resistance, the theory being that the cognitive dissonance becomes so great that your opponent can't stand themselves anymore. ("Then they fight you, then you win.") I believe most people want to think they are the white hat guys, but I don't think this works with sociopaths.
I have been telling my grandchildren since we invaded Iraq that we are the bad guys here, that our government is evil personified and any cooperation with it is immoral. I don't know how they reconcile that with what they learn in school.
Addicts rarely change....i know...it takes one to know one!
I'll sober up tomorrow....i'll stop getting high tomorrow....for sure!
Not me. I'm doubling my doses.
REVOLUTION BITCHEZ!!!
Greeks are unable to agree when and where but further revolution negotiations will be held today, Sunday, surely next week. Sorry, not next week but no later than April 4th. Sure thing. No problem. Maybe instead a picnic with rioting? May 7th at earliest? OK! Done deal except who is gonna pay for the picnic? Germany?
Well, we got politicians who have to think about their hidden agendas....and we got the people who are literaly starving. I'd say the people will quickly unite and bring on the revolution. Nothing complicated about that.
But the deal can still fail due to some stupid reason. Let's hope for that.
M.A.D always prevails in the end.
What a farce
As if anything the Government of Greece can actually deliver with the country torn apart by unions and sociatal collapse
Over
Jean
Revolt you Greek LOSERS!
It's kind of hard to call the Greeks losers when you look at the banana republic we have become.
Who is we? If you're not already on the moon base with Newt you're nobody.
Perfect comment Doc. What is going on in Greece WILL happen here. Greece is just at the margin, so they are seeing it first.
To the Greek socialist, marxist, communist lazy fucks credit, when things happen in THEIR nation, they actually do something about it. Of course, even here many fail to see what is actually going on. Instead they run with the something for nothing crap. When what is going on is the merely the planned result of contraction in a world of debt money. But we have to blame the greeks, who are the first in line.
You can even see it to a degree in the USSA, where people at the margins have been portrayed as deadbeats, etc. Just futher along the same timeline we are all on.
pods
"will "pledge" to return to GDP growth in 2013"....that had to be a typo..it should be 2103....there fixed
cue in the year 2525...hager and owens
That's Hager & Evans
Hager and Owens were the B side...lol...my bad
It's actually Zager and Evans--terrible song...
It's actually Zager and Evans--terrible song...
You had to be there.
It's actually Eager & Zevens
Zager sells his own guitars now:
http://www.zagerguitar.com/
It's Zorba & Greek
If man is siill alive they may find.
US Treasuries not "buying" it.
Hey but the bankers will get their payouts...incredible...
And the sad thing is the Greeks ,and eventually us, will fight amongst ourselves instead of against the fuckers causing this mess.
I actually think the opposite here. Why? hacktivists.
I can see, in the coming years, a great "revelation" happening due to some 16 year old kid getting a file on his hands he not supposed to. He'll dox it, we'll read it, and the populace will then kind of start to figure out what its going on.
People are more efficient today. People also know where Jaime Dimon lives.
Remember, this isn't anti-slavery v slavery; or colonialists vs royalists. This is haves vs have-nots.....and have-nots, in history, tend to be on the winning side of these battles.
There was a reason why Haitian slaves revolted against Frace, and were one of the few slave citizens to actually beat their masters. It was because fo the "printing press", moreso than their swords (although they were up against the French, not saying much).
You're probably right and nothing like what happened with Assange and B.Manning will ever happen again too.
Where does he live again?
Somebody over there get Sausage a bulletproof vest. He is the leader of the angry mob.
So Greece gets to borrow more money. Perfect!
At this point....I don't think you can call it borrowing.
So Greece acts as a conduit to funnel more money to banksters, fixed it for you..
Only 19% of the bailout funds go to the population proper..
The global power down continues.
Question remains - how soon before the populace explodes across the globe?
"All you need is Love" - John Lennon
"And a bullet proof vest" - Benedict Farse
Same as it ever was. When the banks lends you a little money that you can not pay back, that's your problem. When the bank lends an entire country a shitload of money that will never be paid back, that's the banks problem.
2 days bitchez...
The protesters will get tear gassed and firehosed after a few days without food or sleep.
PigMen and Plutocrats will once again resume control over the sheep and it will be back to business as usual:
- More corruption
- Bigger Fractional Reserve Banking
- Increasing use of OTC Derivatives
Yet another "Wash, Rinse, Repeat" cycle starts anew.
And if there are any problems, the 10-yr. yield will crash once again, and Uncle Gorilla will be able to float off even more "zero interest" financing and the debt levels will ascend yet again.
Wash, Rinse, Repeat.
I used to say the same about Poland in Solidarity age, and what happened?
Commence operation Cut Down The Tall Trees in T-10, 9..
Essentially, they'll kick the austerity can down the road to appease the angry subjects.
I think that's all Greece knows how to do. Just promis them more, promise change, promise responsibility - then just keep doing the same thing until the next crisis.
They want wealth redistribution apparently. Good luck with that.
We all will get more wealth redistribution.. but in the sense the ponzi bankers understand it: from the poor and the middle class towards the rich and hyper-rich.
Wholesale NYMEX gasoline back over $3.00 this morning
Someone knockin' at the door
Somebody ringin' the bell...
I thought they were already on strike; since about 2008? Social uprising? Hasn't ZH had a cam link to some city square to view live images of social uprisings for about as long?
Why do I get the feeling this is more noise and less boom? If history is a guide, ZH will be running articles about how the Greeks are on strike and "socially" uprising ten years from now. (Yes, I believe ZH will still be around only maybe so matured it will look like today's MSM). Some deal on their bonds will be "in the works" for perpituity and the bankers will just keep getting richer.
Good entertainment I guess, but I doubt the end is near. The can kicking road might have an end, but I am beginning to think it far beyond our visible horizon.
That is the game TPTB are playing, they are hoping they can steal through some "controlled" inflation and that the masses won't catch on. If the point comes in Greece or any other Western country where either the bank machines stop working, or pensions/state benefits don't get paid then it will be a gong show.
Hunger only hunger.. I read from some poster here that the EU would blockade Greece to make default painful. No, that will never happen because when people get hungry they kill elites in large numbers. Elites don't want PIIGS getting any ideas, Greeks will stay fed enough to produce at least a portion of the vig.
http://www.bloomberg.com/news/2012-02-09/world-food-prices-rose-most-in-...
Here's that cam link.
http://www.livestream.com/stopcarteltvgr?utm_source=lsplayer&utm_medium=ui-play&utm_campaign=click-bait&utm_content=stopcarteltvgr
Daddy needs his medicine!
Greece is messy. Use lube.......
LOL!
When I was a younger man, we all understood what it meant to go Greek sexually. Now perhaps the EU will give it to the Greeks "Greek" style?
Getting fucked up the ass seems to be a great pleasure to many a man and woman, so perhaps this Greek thing will not be all that bad?
The Greeks get bailed out by Aliens in exchange for anal probing.
What I am going to say is disturbing, but these techncrats have to be overthrown, there is no other way out. striks clearly have been shown to do nothing, they suspend votin rights. it a war, and they are winning, and unless people see it as war they are lost.
I actually feel depressed...its like looking at your kids bad grades....you know they are smarter and can do better...but they don´t ..and it depresses you...same here...Greece should not be getting any more money....they need to fix the problems....it will be hard...yes people will commit sucide...but you can´t live on the lies all your life...but that is just what this decision is...living a lie..
Living a lie AND having unsustainable social programs!
"We are Greeks. We Dance."
31,000 Euros debt for each Greek. Ha, play money. We got that beat. we owe $53,000+ debt for every man, woman and child in US.
Yes, we are NUMBER 1! America.
Precisely what I was thinking. The greeks are taking to the streets at $31,000 per person. America rolls past this number and no one gets off the couch. Yeah, this should end well. In the meantime, the U.S. military is the #1 consumer of petroleum in the world, who runs bartertown? Stay tuned.
What does it matter? Once you're past the point of being able to pay for it, who cares how much it is?
The greeks aren't taking to the streets because of the number... they want the number to be higher! They're taking to the streets because someone is attempting to impose a lower number... doh!
Excellent reminder, Macho.
When you have nothing left to lose, you lose it. So says Celente. Let's see if he's right in todays world.
Celente never gets the fact that the elites understand that very well. Which is exactly why the circuses and bread will not stop, a maintenance dose of each will ALWAYS be available. If they plan for it not to be available then you know the police state is ready for final implementatio n and it is too late anyway. At some point the sheep must realize the fences are getting higher and higher and push back, so sad they never will..
They're govt unions so if they don't show up to work, GDP may actually go
up. It's not like govt spending goes down when govt workers don't show up. Payroll ain't that big of a contributor to govt spending as is. Pensions still need funding, welfare programs still redistribute wealth, military contractors are still signing business.
It's the scary reality and why no in the US wants to shut down the govt for a month or two: no one will miss them. It's like the untalented employee that's one of the first to get laid off in an employment "rationalization". They never take vacation, they volunteer for everything, schedule endless meetings, and never really do anything that is of any consequence. You're doing these people a favor by firing them. Seriously, they're paralyzed by fear of not having the corporate/govt job security. They're institutionalized.
Don't the French get paid for striking?
Philostratos, Life of Apollonios of Tyana, viii, 7
Ordinary mortals know what's happening now,
the gods know what the future holds
because they alone are totally enlightened.
Wise men are aware of future things
just about to happen.
Sometimes during moments of intense study
their hearing's troubled: the hidden sound
of things approaching reaches them,
and they listen reverently, while in the street outside
the people hear nothing whatsoever.
Constantine P. Cavafy, 1915
In euros:
Greek per capita debt 31,000
US per capita debt 32,800
Oh Yeah ! USA USA USA USA !
Yeah but they are lazy, we are 'productive'.
Bullish !
(PINK:MACE)
Remind me what we produce again.
Weapons, body armour, jails...and non-lethal weapons.
Social networking sites, financial derivatives, derivatives of derivatives, etc.
Debt instruments.
These daily updates on deals about to happen are all a joke. Can you truly conceive of a scenario where some great deal gets struck and everything in the EU returns to "normal"?
Greece is done, the only question now is how many other nations go down with it.
Ya..But the daily updates are needed to justify the manipulated markets...so the insiders can get there daily take...
Jeb Bush-Condi Rice 'Ultimate Evil 2012' ticket, anyone?
Remember the convention is in Tampa, AKA Crazytown.
http://www.realclearpolitics.com/articles/2012/02/09/path_to_a_brokered_...
Why is anyone contemplating other candiadates running when they can't get on the ballot.
Maybe the '16 ballot, but not the next.
agree take money=spend it=don't do what you agreed to=threaten default rinse a repeat.,gotta love the greek-iceland walked the walk and defaulted..the greeks just keep saying yes and not doing it, while taking EU money -repeat gotta love the greeks..vs here in USA states agree to forget fraud of banks on lending for .0001 cents on the dollar..alot of state AG's got greeked and we got the shitty end as it always is.
This civilization thing was fun while it lasted.
Thanks Herve, no go look for the goddamn plane and let Ricardo know when you spot it
No plane. It's only "de pain, de pain" you now get.
when are you going to do an expose on how bad ass apple is doing and its inevitable approach to an ever so nice stock price of 500? you probably don't want to ask reggie to contribute.
So, just out of curiosity, what caused the 1.5% jump in GLD from 1735 to 1750 just now?
Somewhere Bernanke is speaking,
-Citizen Bernanke
Original - conf- doc on Greek program..!
enjoy and SIGN !! - Note the introductory 3 pages Letter to Lagarde
http://www.scribd.com/doc/81054843/Memorandum-of-Economic-and-Financial-...
pp
GREECE
When will the Greeks learn that the citizens don't matter...
In our history we have learnt to fight against ANY enemy no matter who he is or how strong he is.
We will do the same again, and again and maybe.. after being the guineypigs.. we maight assist the rest of the nations to resist against the Sickness of NWO.
PP
PERESTROIKA!!!!!!!!
In honor of the Draghi collateral and rumored greek deal it is worth reporsting the Hugh hendry and Jeff Sachs "debate"
this whole fucking world is a joke..guys go to jail for stealing electronic equipment but these fuckers steal properity and lives what a fucking joke