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Greece Working on Final Draft for Leaders Meeting
Via Peter Tchir of TF Market Advisors,
So, what are the steps here? Approve it. Handholding press conference. Lots of "defining moment" and "mission accomplished" speeches. Then what? Rumors that 20 billion or more of bonds won't agree to the PSI (that is only 10%). Rioting in the streets? (those ungrateful people just don't understand the need to sacrifice themselves for the greater good). Then we wait to see the reforms fail? If the PSI works and the people accept their fate, at least we bought a few months in Greece because it takes some time to see the plans actually fail.
How long until other countries question the wisdom of paying par on their bonds (even with money they are borrowing from central banks)?
It will be interesting to see if they try and jam in a retroactive collective action clause and what other details come out of this plan.
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- BN 02/07 13:33 *GREEK DRAFT DOCUMENT ON MEASURES FOR FINANCING, OFFICIAL SAYS
- BN 02/07 13:33 *GREEK GOVERNMENT OFFICIAL SPOKE TO REPORTERS IN ATHENS
- BN 02/07 13:32 *GREECE WORKING ON FINAL DRAFT OF DOCUMENT FOR LEADERS: OFFICIAL
- BFW 02/07 13:34 Greece Working on Final Draft of Document for Leaders: Official
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Greece Working on Final Draft for Leaders Meeting, Official Says
2012-02-07 13:36:22.5 GMT
By Marcus Bensasson
Feb. 7 (Bloomberg) -- Greek officials are working on the final draft of the document listing the budget and structural measures required to receive international funding, a government official said.
The official, who declined to be named, said the document would be discussed by political party leaders supporting the government of interim Prime Minister Lucas Papademos at a meeting later in the day. The official spoke to reporters in Athens.
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Looks like we do not have to wait for the Grexit until March!
Plan...check...Meeting...check...Discussions....check...
I must be a bad person. I want everyone involved to suffer. Greeks, EU, Euro and most of all bankers.
And you don't want politicians to suffer? You are a bad person.
Off topic/On Topic
A meme to watch out for is Unity Government.
There is talk of the Arab league proposing a Unity Givernment in Syria.
Unity Givernment in Greece
Unity Givernment in Italy.
There is a theme, a meme and rather ugly one developing there my friends.
Many little unities and then the big Unity.
ori
/shattering-midass-curse-gold-de-spell-ed/
Unity Givernment
Is that like a "DICK TATER" (controlled by central bankers)
Sounds more like "Unity TAKERment"
My most common typo for some strange reason. It should be takerment.
ori
"mission accomplished"
BWAHAHAHAHAHAHAHA! (that ought to get permanently banned from usage)
Maybe LPap will strap on a little military uniform and helicopter into Brussels to cheering minions
Oh, LPap is going to strap something on alright, I don't think it'll be well received.
Riiiiiiiiiiiiiiiiiiiiiiiiiiiiight.
If (when) Greece defaults, the over/under on when a major bank makes the first new loan to the Greek Government is two months.
The rationale will be, "there have no debt, so their credit rating is up". The real reason behind the loan will be that the banker will NPV the "profits" and get a bonus based on such. And in the event the banker gets cold feet at the last minute, he is certain to hear from Papandreauopodopolos, "Hey, we're not Portugal".
$500 under
and don't jack me up w/ what "major" means! L0L!!!
loan must be $500 mil US to qualify, minimum, ok?
Yeah, their FreeCreditScore.com will look rosy.
Before now the most famous "final draft" in Greek history was the hemlock Socrates imbibed.
I looked at it freudian and saw " greece working on final death".
By hook or by crook Greece will not be allowed to default.
Germany will get her way now only to lose when the people revolt.
People need to understand that there are far too many negatives floating around out there and all it will take is a two or three of these to simultaneously flare up and precipitate an uncontainable rush to the door.
Only poetic justice if the Greeks having been forcibly enclosed into the Wooden horse of Merkel, then escape at night and run amok in the Euro palace to vent their frustration before taking their boats back to Hellas! From-- Hell is ponzi Euro-Medusa-Merkel--land of Gorgon-zola smells .
To think that what Eurozone gives with one hand to Greece they take back with other as payment to Bankstas + interest at stratospheric spreads; all at the expense of people with nothing but rags n bare bones. Its called free world and democracy...and fiscal discipline imposed by those who feed the very corrupt banks.
Romania gov falls..no one there to hear it today it ..seems the people don't like austerity served with a topping of big banks getting it all..how dare they!! disobey the elite reptiles ..NO soup for you get out!!
another unity gov as the IMF said they are sure Romania will still play along gov or no.
What a game folks, EU giving money to Greece, Greece giving it back to EU..Banks :)))), BIG RESOLVE HERE :))) Like me playing with my boys, get the ball, pass me the ball :))) and the biggest retards here are the "investors" :))) Am I glad to watch this shit from afar!
Shouldn't they work on the first draft before the final draft?
So then 3 months till failure, then more meetings, write more drafts, another 3 months till failure....WOW implosion of the bankrupt economies sure is takin a long time!
so am i right they are drafting a letter to discuss the factors involved in defaulting or adhereing to the austerity measures.buy the rumor sell the news this is a sham
160 pips now.
Why don't they just release the same rumor every day the next 2 weeks - seems to be working for the bots - and we'll be at 1.50 in no time!
I expect a rejection and then a request for more time to "work it out".
These governments and economic soothsayers crying "wolf" is getting old real fast.
They need to reassure people that the "crisis crying" is real and let Greece go BK.
Making the world "tread water" waiting for the tide to either come in or go out is not working very well.
Never let a goog crisis go to waste.
Unless, of course, you can create a crisis over and over again by using the same dumb fuckers, and squeeze them over and over again, in the process fucking everybody.
Anybody else think this in and out repeated penetration has gone on long enough? How about some completion here?