Greek Finance Minister Resigns Just Days After Appointment; Cyprus Officially Requests Bailout

Tyler Durden's picture


This has to be a record:


This is the same guy who was appointed last week, and who fainted after seeking the official Greek numbers. In fact we are not sure he ever got an official appointment. And elsewhere:


Prepare the bath salt firehose.

Repanos: we hardly knew thee. Courtesy of William Banzai, this is what happened when Rapanos...

...saw the inside of the Greek Finance Ministry:

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Mon, 06/25/2012 - 12:01 | 2558209 Cognitive Dissonance
Cognitive Dissonance's picture

Someone just spent the weekend looking at the books.

Exit stage right.


Mon, 06/25/2012 - 12:01 | 2558214 Alea Iactaest
Alea Iactaest's picture

And he finally saw the basement at the Finance Ministry for himself. It looked better than the books.

Mon, 06/25/2012 - 12:04 | 2558235 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Saw?  The Greeks are getting their eyes burnt looking at these books like they were staring at Madusa. 

Mon, 06/25/2012 - 12:25 | 2558362 potlatch
potlatch's picture

wasn't this in an original Star Trek episode?

Mon, 06/25/2012 - 12:46 | 2558447 CPL
CPL's picture

Yes, the episode is called "The Trouble with Tribles".


Debt seems to replicate like tribbles do.  This episode brought to us by the ECB has no James T Kirk, Spock or McCoy.


It does have the annoying characters.  A red shirt, the guy that is addicted to holosuites and wesley Crusher.  They sit around all episode attempting to will the tribbles to cease reproducing.  Episode ends when the ship they are on is overrun with furry annoyances and the hull breaches are they all die horribly from the vacuum of space.

Mon, 06/25/2012 - 12:49 | 2558458 HoofHearted
HoofHearted's picture

I think the FinMin saw there was nothing to scrape off for himself, nothing left to extort, no Greek isle to claim ownership of, no babes to be had by talking about his cushy government post, so he said, "Aw, screw it. I'll go wait in line for free vegetables with everyone else. I don't need to have this responsibility if there is no extra graft for me."

Mon, 06/25/2012 - 12:54 | 2558478 Gidas19
Gidas19's picture

a rat leaving titanic...

Mon, 06/25/2012 - 14:00 | 2558803 SheepRevolution
SheepRevolution's picture

You couldn't even make this stuff up.. No really, it is beyond fucked up.

Mon, 06/25/2012 - 14:06 | 2558835 HardlyZero
HardlyZero's picture

He left the Titanic.  Probably to a vacation/retirement home in Cyprus...should be fun sailing and great retirement plan. 

Mon, 06/25/2012 - 13:54 | 2558760 Long-John-Silver
Long-John-Silver's picture

Don't forget that most of the Tribbles died in the show and what few remained were "beamed away" because they were found to be toxic to humanity.

Mon, 06/25/2012 - 14:44 | 2559004 Killer the Buzzard
Killer the Buzzard's picture

The Star Trek episode was "Is There In Truth No Beauty?"

Mon, 06/25/2012 - 14:44 | 2559008 Peter Pan
Peter Pan's picture

The Greek prime minister also did not like what he saw (hence his detached retina) and I suspect he will be the next to abdicate.

Good riddance to the finance minister as he was just another lackey of the banking mafia although I wish him a good recovery.

Greece has cooked her goose. She now has two hundred thousand people less than she had a decade ago and her population has aged. The oldies at the last election voted to keep the sick bastards who destroyed the nation for over 30 years becuase they feared for their pensions more than they feared for their children's future.

Mon, 06/25/2012 - 12:05 | 2558242 Nothing To See Here
Nothing To See Here's picture

What's the most stunning is that it sounds as if finally, a Greek politician actually understood numbers. That kinda paradoxal for a socialist in any country.

Mon, 06/25/2012 - 13:31 | 2558645 Liquid Courage
Liquid Courage's picture

Politicians of any stripe or nation know this much about numbers:

“If you torture the data long enough, they’ll admit to anything!”

But eventually the tales they tell become so divorced from reality that the "torches and pitchforks" moment arrives. Are we there yet?

Mon, 06/25/2012 - 12:08 | 2558243 bdc63
bdc63's picture

But on the brighter side, his 5 days of work entitle him to a full government pension under Greek law ....

Mon, 06/25/2012 - 12:18 | 2558302 CClarity
CClarity's picture

Right-e-oh!   Probably $250,000 per year and health benes.  He better hope he was sworn in or else maybe can't collect.

On the prime minister front, he won't be able to fly if he had a vitrectomy and long acting gas injected into his eye.  I know, I had the same procedure in early May and can still see the gas and cannot fly nor go to altitude.  Had to cancel Tahoe, Yosemite, Washington DC, San Diego and Austin within past 4 weeks.  But maybe he can take speed trains and use those Greek shipping lines to get to meetings about Europe.

So  . . . Greece has no big guns able to "do the work".

Mon, 06/25/2012 - 12:27 | 2558377 potlatch
potlatch's picture

Maybe this is the strategy.  Just rotate in as many citizens as you can into the government, because they are guaranteed pensions under EU law too.

Mon, 06/25/2012 - 12:48 | 2558454 CPL
CPL's picture

I assumed that was the strategy all along.  Theft, robbery and make our old mothers weep in poverty while hyperinflating anything of value.



Mon, 06/25/2012 - 13:57 | 2558776 HardlyZero
HardlyZero's picture

Did they post-date or pre-date the resignation..its important if he is to receive his FULL benefits, including hospital stay and nurses, wet-nurses, long-term wet nurses, home-care, long-term home care, and feedings.   Where is WB7 ?  we need a better picture of this situation.

Mon, 06/25/2012 - 14:56 | 2559066 zuuuueri
zuuuueri's picture

no loss there. samaras is a certifiable moron. really, in the spectacular company of the greek parliament, which is already pretty much stacked with clowns wall to wall, samaras stands out as below average. basically anybody who has sat in parliament in the past 25 years needs to be sent directly to prison, no exceptions.

Mon, 06/25/2012 - 12:25 | 2558360 Spastica Rex
Spastica Rex's picture

Thank God the U.S. is nothing like Greece in this respect.

Mon, 06/25/2012 - 12:06 | 2558245 DoChenRollingBearing
DoChenRollingBearing's picture

I just clicked my Danger-O-Meter from 8 to 9.

Danger Will Robinson!  Take some $$$ out of the banks and buy gold.  Dow -176 I just heard.



Mon, 06/25/2012 - 13:58 | 2558788 HardlyZero
HardlyZero's picture

Agree 100%.  Just made a larger than normal purchase of PSLV and CEF....going into the week its going to be heck.   Cyprus and Spain both making official bailout requests.  Where does this end ?

Mon, 06/25/2012 - 12:03 | 2558227 Translational Lift
Translational Lift's picture

This just went from Greek tragedy to a Greek JOKE.....

Mon, 06/25/2012 - 12:31 | 2558391 CrashisOptimistic
CrashisOptimistic's picture

Because ZH must examine all possibilities . . .

If I were in hospital from fainting and tests indicated something very serious, I would probably resign too so that the the country could have a Fin Min fully capable in such a difficult time.

Mon, 06/25/2012 - 12:50 | 2558459 CPL
CPL's picture

So this finance minister walks into a government and asks for a pension....Same as in town!!!  <rimshot>


ok needs a little work.

Mon, 06/25/2012 - 12:04 | 2558233 IndicaTive
IndicaTive's picture

"Heavens to murgatroyd!"

Mon, 06/25/2012 - 12:20 | 2558329 williambanzai7
williambanzai7's picture


Mon, 06/25/2012 - 12:31 | 2558390 Cognitive Dissonance
Cognitive Dissonance's picture

I hope to look like that when my Silver and Gold stash is finally (fairly) valued as more than "just" a commodity.

Mon, 06/25/2012 - 12:32 | 2558394 WonderDawg
WonderDawg's picture

That is some seriously funny shit. Thanks for the laugh, WB. I'll be chuckling all day.

Mon, 06/25/2012 - 12:40 | 2558429 Ms. Erable
Ms. Erable's picture

+1285 - still laughing!

Mon, 06/25/2012 - 12:57 | 2558489 LouisDega
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Guaranteed fucking click magnet. $$$$$$$. A must for every website.

Mon, 06/25/2012 - 13:39 | 2558686 Liquid Courage
Liquid Courage's picture

Too funny! Looks like Barney Fife on acid.

Mon, 06/25/2012 - 14:14 | 2558873 SheepRevolution
SheepRevolution's picture

+10 minutes and still laughing.

Mon, 06/25/2012 - 12:38 | 2558423 kralizec
kralizec's picture


Isn't that cat exiting stage left?


Mon, 06/25/2012 - 12:43 | 2558438 Cognitive Dissonance
Cognitive Dissonance's picture

His other left......aka his right. :>)

Mon, 06/25/2012 - 12:43 | 2558439 insanelysane
insanelysane's picture

Is there another direction that you would expect Socialists to move?

Mon, 06/25/2012 - 12:49 | 2558457 cougar_w
cougar_w's picture


My kids are in theater. They have to learn all this stage stuff.

Mon, 06/25/2012 - 13:06 | 2558541 Haddock
Haddock's picture

But will he draw a finance ministers pension?

Mon, 06/25/2012 - 16:20 | 2559349 Kiwi Pete
Kiwi Pete's picture

I wonder how large his golden parachute is.

Mon, 06/25/2012 - 12:01 | 2558211 pods
pods's picture

He probably saw the fine print that said he had to clean up that room in the basement.


Mon, 06/25/2012 - 12:07 | 2558252 Sauk Leader
Sauk Leader's picture

And pay out of pocket for paper and ink toner

Mon, 06/25/2012 - 12:02 | 2558216 Everybodys All ...
Everybodys All American's picture

Finally got to the fine print about the gold transfers.

Mon, 06/25/2012 - 12:02 | 2558219 distopiandreamboy
distopiandreamboy's picture

Bullish. He already fixed Greece

Mon, 06/25/2012 - 12:25 | 2558363 EscapeKey
EscapeKey's picture

I believe it's more of a neutering.

Mon, 06/25/2012 - 12:03 | 2558225 Joebloinvestor
Joebloinvestor's picture

I almost can't believe it.

A greek finally shows some FUCKING BALLS and quits.

Now he can show COURAGE and tell how bad it really is, that is if he can take a break from packing that trailer and getting the hell out of Dodge.

Mon, 06/25/2012 - 12:03 | 2558226 Nothing To See Here
Nothing To See Here's picture

He probably watched by mistake a movie about the French revolution, guillotines and stuff...

Mon, 06/25/2012 - 12:03 | 2558229 Zola
Zola's picture

He knew he was going to get killed

Mon, 06/25/2012 - 12:52 | 2558469 cougar_w
cougar_w's picture


There won't be another qualified "Greek FinMin" for at least 20 years. Anyone who takes the job now won't know the score, is just filling the seat, and will keep a chopper idling on the roof.

Mon, 06/25/2012 - 12:04 | 2558231 bdc63
bdc63's picture

I'm sure he just decided that he wanted to spend more time with his family ...

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