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Greek PM Demands Report On Default, Eurozone Exit Consequences
Ok, we get the hint. End the foreplay already and file finally. From Bloomberg: "Greece’s Prime Minister Lucas Papademos requested the country’s Finance Ministry to prepare a document on the implications of a Greek default, Panos Beglitis, spokesman for the socialist Pasok Party said. The Prime Minister yesterday told the leaders of the three political parties supporting his interim government that he asked the Ministry “to record accurately and realistically all the consequences of the country’s exit from the euro zone,” Beglitis said today in an interview with Radio 9, according to a transcript of his comments e-mailed from the Athens-based offices of Pasok." And yes, the market initially rallied just after Lehman filed. It didn't last long, because guess what, it was priced in... incorrectly.
chart: BBG
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Only dumbfucks and gambling addicts sell their physical gold and silver. Will load up the truck with more on the dips.
504% 1 year Greek bond - nothing to see here folks!
http://www.bloomberg.com/quote/GGGB1YR:IND/chart
So I should buy the ones written up in England, and hope for a less-than 80% haircut, in order to double my money in one year?
I wonder if were going to see a huge sell off at the end of the day.
Juding by the end of the day action for the last 2 months... nope. BTFD seems to be the strategy at 2:30pm.
You send that fukin report ASAP! Were going to formulate a plan to save our Country based upon the fact's of your report.
Signed.
Prime Minister Lucas Papademos.
Call Merkel, and get that F-ing frog to our North on the phone, get a meeting scheduled for next month.
Yeah, you creditors we mean it this time, so take the 70% haircut already.
DEFAULT! For gods sake! Why haven't this shitty little country defaulted long time ago.
Banks banks banks and their pranks...with no CDS wanks...dream on.
Executive jumps off building, half-way down, sends a text..."what happens when I stop?"
Text reply:
"You should have though about those consequences 8 plans and 4 meetings ago"
Angela Merkal.
custom signature*
I Love the Deutschmark!
There will be no "credit event" regardless, so "default" is not really a "default" (Bernanke has removed that word from english dictionary).
one has to wonder if us banks are holding more value in CDS than greek government bonds at this point. I mean didnt MF global go belly up because they loaded up on greek debt and their was no credit event , they probably had CDS as protection.
Greece , Smeeche, 1 more hour and the market indicies go green again, like clockwork.
gotta love the hopium of american traders euro session ends then the spx/ eur ramp begins lol
speaking of hopium that great report (sarc) we got friday should be switched with this report http://globaleconomicanalysis.blogspot.com/2012/02/huge-plunge-in-petroleum-and-gasoline.html
This is how dumb EZ markets are, Greece is essentially asking Germany to kick them out of the EU. EZ markets rally on US hopium, US markets sell on EZ/EU endgame = Europe stocks will be blown to hell when they open in 9 hrs or so.
Pathetic the Greeks have NO balls. Just say you want out! No one wants to get the blame for the chaos that will follow. Anways USD bids kicking in, started with Asia last session. Will contiue when they open. Equity correction has started, Europe lagging, Asia will lead the sell off.
Nobody really understands the so called "end game". They could not understand that by letting Lehman collapse, AIG would have to be rescued the very next day with a bailout in return for 79.9% of the company. Those idiots can't plan their way out of a wet paper bag, yet they think that a Greek default can be "contained". Really? What happened when a multi-billion dollar hedge fund went tits up last time? How many hedge funds hold Greek debt, or CDS on English law Greek Debt? What happens when some multi-billion dollar hedge fund blows up, and its assets get hypothecated to a bank, that is in turn desperate for liquidity?
Hope you got an airbag, or at least, VXX calls.
On live TV Merkozy say : Greek default impossible, Greek Oligarch with pants down runs slower than Troika with Inquisitorial poker.
Go figure that out, now Merkozy pretend Greece can't default. Can you believe a snake that swallows its tail and says with its mouth full : what tail?
Tomorrow and tomorrow and tomorrow creeps in this petty pace from day to day ‘til the last syllable of recorded time. And all our yesterdays light fools the way to dusty death. Out, out, brief candle, life is but a walking shadow, a poor player who struts and frets his hour upon the stage, then is heard no more. It is a tale told by an idiot, full of sound and fury, signifying nothing.
greece could have ducked out the old EUR club head held a lot higher than this bloody slaughtering, all wealth extracted with a pumelling of debt until the economy freezes.
down with the politicos there would be the best solution.
Global Debt Crisis
The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
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By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...
Authored by PANAGIOTIS TRAIANOU
GERMANY, the DISGRACE of Europe
...the barbarians, who forced beautiful Europe to get down Zeus’“back” and made her a prostitute ...the unworthy Europeans, who in 1945 “took Europe down” from “Mount Olympus” and in 2012 relinquished “enslaved” Europe to the Phoenician loan sharks.
Germans are proved to be the easy solution to breach Europe’s door. Whoever wishes to “set foot” on Europe and demolish it, the only thing he has to do is to “fool” the Germans. For a second time in less than fifty years, Europe’s idiots become the victims of foreigners and they serve their interests at the expense of Europe...
http://eamb-ydrohoos.blogspot.com/2012/02/germany-disgrace-of-europe.html
_____________________
The German traitors of Europe along with the Phoenicians from Asia may have forced Europe to get down from the "back” of the Greek “bull”, but it remains to be seen how they shall pull it through with the “bull”.
Authored by PANAGIOTIS TRAIANOU