Greek Parliament Passes Latest Austerity Vote

Tyler Durden's picture


The Greek parliament just passed the latest proposed austerity plan with a majority voting Yes. Judging by the reaction of the EURUSD, which experienced a modest 40 pip short covering squeeze in the last few minutes, one would imagine that today's Greek vote outcome is surprising. It isn't: after all, all Greece has done is promise to do something it won't do in hope it can get another bailout package, this time amounting to €210 billion (of which its people will pocket a de minimis 19%). As we said earlier: "The only real questions are i) what the Greek population may do in response to this latest selling out of a population "led" by an unelected banker, which if history is any precedent, the answer is not much, and ii) how Germany will subvert this latest event, and put the bail [sic] back in Greece's court once again." Sure enough, to paraphrase what we said before, the question now is what the popular Greek response will be having learned its politicians sold it out yet again, which will likely be nothing much, as it is 1 am local time, and as everyone knows revolutions in heavily socialist countries only start between 9 am and 5 pm, with a 2 hour break for siesta. More importantly, keep a close eye on headlines out of Germany. That is all that matters now.

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Sun, 02/12/2012 - 18:47 | 2151574 jcia
jcia's picture

Let the revolution begin. Not surprised though. Kick it one more time please!

Sun, 02/12/2012 - 18:51 | 2151586 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The revolution will begin any minute now....any minute.

Sun, 02/12/2012 - 18:53 | 2151594 JohnnyBriefcase
JohnnyBriefcase's picture

Yep any minute now...




For real this time...

Sun, 02/12/2012 - 18:57 | 2151609 Mr Lennon Hendrix
Mr Lennon Hendrix's picture's going to happen soon.....

....real soon.

Sun, 02/12/2012 - 18:59 | 2151620 dracos_ghost
dracos_ghost's picture

There it is...

Ooops.. nevermind.

Anyday now.

Sun, 02/12/2012 - 19:06 | 2151649 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

[The wind howls]


[The clock ticks]

.....aaaanytime now.

Sun, 02/12/2012 - 19:12 | 2151679 JohnnyBriefcase
JohnnyBriefcase's picture

They must be getting reinforcements...


and, like, supplies...

Sun, 02/12/2012 - 19:17 | 2151700 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Good.  When they get back we will be prepared and start.  Ready to start the revolution.... the meantime I guess we should wait for them.

[Checks watch]

Know any good jokes?

Sun, 02/12/2012 - 19:26 | 2151749 Hulk
Hulk's picture

The Hulk, a Rabbi and a Baptist minister walk into a bar...

Sun, 02/12/2012 - 19:39 | 2151802 akak
akak's picture

A white racist, a doommongering asshole and a silver-hating troll walk into a bar together.

The bartender asks: "So, what will you have Trav?"

Sun, 02/12/2012 - 20:31 | 2152010 Michael
Michael's picture

Collapse off, risk on.

Mon, 02/13/2012 - 00:24 | 2152524 AldousHuxley
AldousHuxley's picture


U.S is in worst shape than Greece!  --Nouriel Roubini
Sun, 02/12/2012 - 22:34 | 2152326 trav7777
trav7777's picture

a really stupid self-hating mudsharking fag walks into a bar and the bartender says, "akock get the fuck out of here."

Mon, 02/13/2012 - 00:59 | 2152568 The Big Ching-aso
The Big Ching-aso's picture



The Greeks need to fight back with a huge erection.   I mean insurrection.   Whatever.

Mon, 02/13/2012 - 01:10 | 2152583 boogerbently
boogerbently's picture

.....a priest a minister and a rabbi walk into a bar and the bartender says, what is this, a joke?

Mon, 02/13/2012 - 04:58 | 2152823 Colonial Intent
Colonial Intent's picture

It's this sort of name calling that upsets me most..............

We all know Trav7777 is paranoid enough to have a few silver coins hidden where only the TSA can find em.

Right Trav?

Sun, 02/12/2012 - 19:31 | 2151777 JohnnyBriefcase
JohnnyBriefcase's picture

Something, something ouzo.

Something, something gyros.


Am I doing this right?


[falls asleep]

Sun, 02/12/2012 - 22:35 | 2152329 trav7777
trav7777's picture

why the fuck should Greece get a bailout???

Greece should simply be cut loose.  No bailouts, nothing.  Expel from euro let the greeks produce.

Mon, 02/13/2012 - 02:30 | 2152722 StychoKiller
StychoKiller's picture

Apparently, Greek politicians are high on Bozonium™ if they "think" they've solved anything with this "vote!"

Sun, 02/12/2012 - 19:27 | 2151755 macholatte
macholatte's picture

The "Revolution" has happened. The Banksters have taken over. That is your revolution.

Oh? You were expecting the sheeple to do something?  Well, they did. They had their Union organized movement/party. It's over. Go home.


A revolution is impossible without a revolutionary situation; furthermore, not every revolutionary situation leads to revolution.
Vladimir Lenin

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Henry Ford

Methods of thought which claim to give the lead to our world in the name of revolution have become, in reality, ideologies of consent and not of rebellion.
Albert Camus

Every revolution evaporates and leaves behind only the slime of a new bureaucracy.
Franz Kafka

Sun, 02/12/2012 - 21:05 | 2152122 oldman
oldman's picture

Hey Macho,

isn't 'sheeple' a synonym for shit-eater?

and if so why not call it like it is

the banksters win by default as usual


maybe what we need in the us are more Greeks

At least, they show they have huevos


Mon, 02/13/2012 - 01:12 | 2152585 boogerbently
boogerbently's picture

....everyone who HATES the way things have been going, keep voting for the same morons....

Sun, 02/12/2012 - 22:39 | 2152334 Calmyourself
Calmyourself's picture


"23.05 GMT+2 A gun shop in Omonoia, Athens, has been looted" From DF Mish.. fwiw

Sun, 02/12/2012 - 18:58 | 2151614 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

The black debt hole grows deeper leading to the unrest. Debts than can not be paid won't be.

Sun, 02/12/2012 - 19:50 | 2151855 max2205
max2205's picture

Glad I backed up the truck on those 1,400% bonds.....weeeeee

Sun, 02/12/2012 - 23:42 | 2152470 economics1996
economics1996's picture

You hit it big!

Sun, 02/12/2012 - 18:57 | 2151613 ekm
ekm's picture

Revolutions begin only when people are HUNGRY, literally.

Case in point:


-Hence, food prices go thru the roof

-Hence, bread prices go thru the roof

-Hence egyptians that would spend 70% of income to just buy bread, now would not afford to buy food.

-Hence, people go kukuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

Sun, 02/12/2012 - 18:58 | 2151616 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Isn't that what is happening with the Europonzi?

Sun, 02/12/2012 - 19:05 | 2151645 ekm
ekm's picture

Well, Benny initiated it and ordered his buddies to follow thru.

Sun, 02/12/2012 - 19:26 | 2151752 nmewn
nmewn's picture

Cocainated like it.

Ain't nobodys bidniss but my own...

Sun, 02/12/2012 - 19:45 | 2151833 ekm
ekm's picture

My copyright.

Sun, 02/12/2012 - 19:47 | 2151841 ekm
ekm's picture

the song was quite fitting

Sun, 02/12/2012 - 19:57 | 2151890 nmewn
nmewn's picture

The song & the vid...lured & teased him, got him all tied up and helpless, then bit him right in the neck as everyone just watched.

The copyright will be respected ;-)

Sun, 02/12/2012 - 20:02 | 2151907 ekm
ekm's picture

As I said above. you're just a son of a good mother.

I got hooked to this Taj Majal. I love blues jazz.

Sun, 02/12/2012 - 20:00 | 2151898 ekm
ekm's picture

Son of good mother.

You just got me hooked to this Taj Majal. I love blues jazz.

Sun, 02/12/2012 - 19:42 | 2151824 francis_sawyer
francis_sawyer's picture

Hence egyptians that would spend 70% of income to just buy bread, now would not afford to buy food

Apparently... Bread isn't considered food in Egypt

Sun, 02/12/2012 - 19:48 | 2151845 ekm
ekm's picture

Thx thx thx a looooooooot

That's absolutely symbolic of the whole uprising.

Mon, 02/13/2012 - 02:34 | 2152728 StychoKiller
StychoKiller's picture

That bread was for an afternoon lunchbreak, protesting is hard work...

Sun, 02/12/2012 - 22:55 | 2152361 Calmyourself
Calmyourself's picture

Right, only hunger creates the conditions for true change, however evaporation of the revolution has always been the danger, leaving the slime of authoritarians in charge..

Sun, 02/12/2012 - 19:10 | 2151657 Bangin7GramRocks
Bangin7GramRocks's picture

Is that the Ron Paul revolution? Oh yeah, that's right. It's already over. Is this the black swan or the tipping point or something? I bet this time the collapse wil finally occur and our descent back to the stone aged gold standard will begin. Preppers everywhere rejoice!

Sun, 02/12/2012 - 21:58 | 2152261 pods
pods's picture

Everything is fine.  Go back to sleep.

As an aside, Charlie Sheen didn't START OUT bangin 7 grams rocks.

Debt is like drugs that way.



Sun, 02/12/2012 - 20:38 | 2152031 zanza
zanza's picture

EUR dropping bitches!

Sun, 02/12/2012 - 22:00 | 2152265 stocktivity
stocktivity's picture

Ho-hum...futures way up...rally on.

Mon, 02/13/2012 - 01:06 | 2152575 boogerbently
boogerbently's picture

(Angela Merkel heard angrily harassing her advisors)

"But you SWORE these austerity measures would be more than they would EVER agree to."

"Now how are we ever going to get out of this?"

Sun, 02/12/2012 - 18:49 | 2151577 7thCardinal
7thCardinal's picture

now the hot potato is in Frau Angela's hands...

Sun, 02/12/2012 - 19:04 | 2151644 Sudden Debt
Sudden Debt's picture

Now when the Greeks lose that 200 billion.. Or missplace it... Whatever....
I wonder how that cow will explain it to the rest of Germany that they need to caugh up another 300 billion to save greece by 2014.

Sun, 02/12/2012 - 19:15 | 2151688 disabledvet
disabledvet's picture

To whom does it get "coughed up to" tho? Greece? Or the German/Swiss and French banks?

Sun, 02/12/2012 - 19:22 | 2151724 sessinpo
sessinpo's picture

Greek QE3

Sun, 02/12/2012 - 19:22 | 2151730 dracos_ghost
dracos_ghost's picture

In all seriousness, doesn't the German Parliament still have to pass something in referendum to bless the release of funds -- or it that moot at this point? Could be short lived celebration for the banksters.

Sun, 02/12/2012 - 22:00 | 2152266 pods
pods's picture

Well it is not like these bailouts are really going to change anything.

Just lets them bide their time before the people wake up and realize there is no spoon.

And realize that uncomfortable feeling in their backsides is not their proctologist.


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