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Greek PM Not Resigning - Greece State TV

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Thu, 11/03/2011 - 09:15 | 1840741 Comay Mierda
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Thu, 11/03/2011 - 09:16 | 1840746 Schmuck Raker
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Thu, 11/03/2011 - 09:23 | 1840820 Minoan
Minoan's picture

Chanos who?

G-Pap bitchez.

Thu, 11/03/2011 - 09:24 | 1840831 knukles
knukles's picture

Nobody can make a fucking decision.
This is worse than my wife when she gets all pissy about nothing. 
Well, not really.

Thu, 11/03/2011 - 09:28 | 1840855 s2man
s2man's picture

Yep, not really.  At least you can stop listening to the Greek rumors, if you wish.  No way to turn off the pissy wife.  Well, not without going to jail, that is.

Disclosure: I remarried on the rebound.  What the hell was I thinking?

Thu, 11/03/2011 - 09:28 | 1840859 GeneMarchbanks
GeneMarchbanks's picture

Fuck your wife. No seriously go ... do it.

Thu, 11/03/2011 - 09:31 | 1840881 Whoa Dammit
Whoa Dammit's picture

They Cannes not decide until CNN locates its reporter who is somewhere in Spain.

Thu, 11/03/2011 - 09:47 | 1840977 LawsofPhysics
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All women get pissy about nothing, they are, by Nature (sorry the biochemistry is what it is) control freaks and hate the fact that they are no in control of everything.  Come on now.

Thu, 11/03/2011 - 09:21 | 1840793 rosex229
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tyler could you help me out here. this means there will be a confidence vote on friday, which papandreo will lose. does that automatically mean early elections, or is it possible to form a unity govt still after the  no confidence vote. this is of critical importance because without a govt they shouldn't get the imf funds...although they'll just change the rules and give it to them anyway i'd suspect.

Thu, 11/03/2011 - 09:36 | 1840919 Smiddywesson
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I think you have already answered your own question.  All you see and hear is just show.  Germany isn't really angry at Greece for failing to accept the deal.  The spats and hissy fits between financial ministers are contrived.  The minority dovishness or hawkishness amonsts the governers of the Fed are gamesmanship.  And Greece is doing everything according to plan.  And that plan is to stall.

They can't fix things, so they are printing while trying to sequester all that new money, trusting that demand destruction and deflation will nullify the ill effects of money they can't keep from leaking out and causing inflation.  So the plan is to stall, lie, deny reality, and of course, buy gold.

Thu, 11/03/2011 - 10:02 | 1841042 rosex229
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the ecb has in fact not been printing money. thats why the euro is so strong in the currency markets. its also why the ecb's greek bonds aren't subject to the 50 percent haircut; if they were, then the ecb would be forced to print. 

its amazing that by scribbling in a few words and ideas they can prevent themselves from printing, but its the truth. however, once they do have to start printing gold as priced in euros will have quite a good time. it'll make the euro much weaker, but bernanke can't have that, so he'll respond with qe7

Thu, 11/03/2011 - 11:14 | 1841535 The Big Ching-aso
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George be nimble,

George be quick,

George jumped over the big Euro dick.

Thu, 11/03/2011 - 09:16 | 1840745 Sgt. Oddball
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I hope the Greeks are ready to get liberated by NATO featuring the Turks.

Thu, 11/03/2011 - 09:16 | 1840748 Matt1973
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Chaos...and PMs think we'll just "muttle" thought this and everthing will be fine

Thu, 11/03/2011 - 09:19 | 1840749 GeneMarchbanks
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Nice... Art had no idea how right he'd be when he said "be nimble" I was too lazy to put on my G-Pap resigning trade. Saved by my own laziness.

Thu, 11/03/2011 - 09:37 | 1840911 hedgeless_horseman
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Be nimble?  With the high degree of asset correlation and political risk?  Nay.  Be out.

Sidelines, bitchezzz!!!

Thu, 11/03/2011 - 09:16 | 1840750 firstdivision
firstdivision's picture

LOL @ WTI and Yen.

Thu, 11/03/2011 - 09:17 | 1840751 lano1106
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seriously, today and tomorrow are risking to be very volatile with VIX over the roof!

Thu, 11/03/2011 - 09:20 | 1840791 CH1
CH1's picture

Of course bullish! Need you ask?

Thu, 11/03/2011 - 09:17 | 1840753 reading
reading's picture

And the markets rally on.  

Thu, 11/03/2011 - 09:23 | 1840822 SheepDog-One
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Rumor to cover for ramping futures set, fact that the rumor is not true makes no difference now, mission accomplished.

Thu, 11/03/2011 - 09:28 | 1840858 sabra1
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once the snake oil salesman runs out of suckers, he leaves town with all the cash, at midnight!

Thu, 11/03/2011 - 09:17 | 1840754 Element
Thu, 11/03/2011 - 09:19 | 1840777 Mike2756
Thu, 11/03/2011 - 09:22 | 1840812 Element
Thu, 11/03/2011 - 09:21 | 1840758 DormRoom
DormRoom's picture

fuck yeah.


But the bankers will throw him out on Friday.


France has lost its way.  Liberte, Egalite, Fraternite  => (has become) France-Germany axis rules all. obey.  There is no European Union.  There is only OBEYnation


If you're French, recall the symbolism of the 3 colors on your flag, and side with the Greco

Thu, 11/03/2011 - 09:17 | 1840759 Rover
Rover's picture

You stole Robo's line!

Thu, 11/03/2011 - 09:17 | 1840760 sabra1
sabra1's picture

so, there will be a refer- endum, no?

Thu, 11/03/2011 - 09:17 | 1840761 Commander Cody
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I wonder who's got the coverage rights to WWIII.

Thu, 11/03/2011 - 09:30 | 1840862 knukles
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And they'll bring back that little Weasel Charles Jako to cover it Live from the Battlefield On the Scene against a blue screen, stoned, awaiting the pizza delivery in midtown Manhattan.
Maybe they'll even let him wear a pistol like Geraldo. 
Another fine specimen of the New Normal Reality.

News, my ass.

Thu, 11/03/2011 - 09:29 | 1840867 kridkrid
kridkrid's picture

Just waiting for the "Black Swan" of a political assassination.  It'll be on.

Thu, 11/03/2011 - 10:07 | 1841080 jdelano
jdelano's picture

i really hope it's K-Pap instead of G-Pap.

Thu, 11/03/2011 - 10:22 | 1841168 kridkrid
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or K-Fed.... if you want to pull the Americans in.

Thu, 11/03/2011 - 09:18 | 1840762 HD
HD's picture

Who do I call to start a rumor? Is there a "I need to run the market up on nothing" hotline?

Thu, 11/03/2011 - 09:17 | 1840763 grunk
grunk's picture

EU got punk'd.

Thu, 11/03/2011 - 09:18 | 1840768 Bazinga
Bazinga's picture

Is everything going on just one big PAP smear? LOL

Thu, 11/03/2011 - 09:18 | 1840773 Skeebo
Skeebo's picture

didn't understand why anyone thought replacing G-Pap would be good for the EU anyway.


What you're going to replace him with the leader of the party that was opposed to all this shit in the first place?  How does that improve the EU's prospects?

Thu, 11/03/2011 - 09:26 | 1840840 SheepDog-One
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Doesnt matter now, rumor of whatever is good enough, to ramp futures and thats all that matters.

Thu, 11/03/2011 - 09:18 | 1840775 Taint Boil
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Need to stimulate the G-Spot before the Pap-Smear, Waiting for the climax......

Thu, 11/03/2011 - 09:19 | 1840782 tallen
tallen's picture

Next rumor for the day, Obama has actually made contact with aliens.


These people spreading these rumors need to get put in jail, preferably PMITA (Pound Me In the Ass) Style.

Thu, 11/03/2011 - 09:53 | 1841005 Leopold B. Scotch
Leopold B. Scotch's picture

Hopefully they're evil Aliens.  That should be good for the economy, at least according to Krugman.

Thu, 11/03/2011 - 09:19 | 1840783 reading
reading's picture

So basically, shit is still hitting the fan in Greece - check

ECB is stoking inflation while entering a recession - check

US economy (ie, retail sales, ie consumer) less than expected - check

US markets rocket up - check.


Makes perfect sense, all in.

Thu, 11/03/2011 - 09:54 | 1841017 bonderøven-farm ass
Thu, 11/03/2011 - 09:19 | 1840784 Archimedes
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Good for him! Fuck Merkozy!

Thu, 11/03/2011 - 09:19 | 1840785 sabra1
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robottrader was seen this morning, again banging on MF Globals storefront.

Thu, 11/03/2011 - 09:20 | 1840792 Quintus
Quintus's picture

Oh come on!!

This is just f*cking ridiculous.

Thu, 11/03/2011 - 09:20 | 1840795 spanish inquisition
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Thu, 11/03/2011 - 09:32 | 1840889 Stax Edwards
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Cue Eye of the Tiger theme music

Thu, 11/03/2011 - 09:20 | 1840796 jiggerjuice
jiggerjuice's picture

no seriously, that rumor was worth tvix going from 59 to 50 this morning. every rumor post is a front-run for algos. in fact, the algos are now in control of the headlines, and post items they can front-run themselves.

Thu, 11/03/2011 - 09:28 | 1840860 SheepDog-One
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Yea I think the algobots themselves are now generating the rumors. Just wait till theyre liquefying the dead to feed IV to the 'living'.

Thu, 11/03/2011 - 09:21 | 1840798 Nascent_Variable
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I'd like to announce that I'm definitely probably not resigning this morning.  AN afternoon press conference may or may not follow.

Thu, 11/03/2011 - 09:22 | 1840811 azzhatter
azzhatter's picture

The frenchies and fascist germans are afraid to let him resign. The greeks will be back in the streets. GPap played a weak hand pretty well so far. Sarkozy and Merkel need to be waterboarded

Thu, 11/03/2011 - 09:22 | 1840815 AngryGerman
AngryGerman's picture

he'll go. Greek TV? come on, talk about reliable source

Thu, 11/03/2011 - 09:23 | 1840816 Smiddywesson
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In 2010, I couldn't keep up with the high frequency traders.

In 2011, I can't keep up with the high frequency rumors.

The best part of my physical gold is it has no ears, and is therefore marching along quite nicely.

Thu, 11/03/2011 - 09:23 | 1840821 monopoly
monopoly's picture

And all this before breakfast. I can't cope.

Thu, 11/03/2011 - 09:25 | 1840837 Tsar Pointless
Tsar Pointless's picture

Masturbation will help ease the stress.

Thu, 11/03/2011 - 09:24 | 1840827 fuu
fuu's picture

We have reached the far side of farsical.

Thu, 11/03/2011 - 09:24 | 1840828 semperfi
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UPDATE!! - between posts 3 & 4 he resigned again, then between 18 & 19 he took it back again....

Thu, 11/03/2011 - 09:24 | 1840829 jay28elle
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"I won't go, I won't go.  And you can't make me  :p"

Thu, 11/03/2011 - 09:24 | 1840830 YesWeKahn
YesWeKahn's picture

You still don't get it. All those farces are made to pump the future. Once farces are over, the future is still up.

Thu, 11/03/2011 - 09:25 | 1840836 edotabin
edotabin's picture

Not what I'm hearing.  Rather powerful people, including members of the ruling party's commitee, are suggesting a coalition government somewhat similar to what Samaras had suggested.

Thu, 11/03/2011 - 09:26 | 1840841 Mentalic
Mentalic's picture

WTF.....BBC just went back on it's earlier saying that G-Pap has not resigned...


Thu, 11/03/2011 - 09:27 | 1840843 kito
kito's picture

Why would greece want to stay part of the dysfunctional eu? The upside looks enticing:
No more merkozy mandates
Print away debts
Weak currency to spark investment, exports and tourism

Thu, 11/03/2011 - 09:27 | 1840845 Racer
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and then in a headline a minute later

Greek PM May Resign As Early As Today - Socialist Party Official

Thu, 11/03/2011 - 09:27 | 1840852 Cdad
Cdad's picture

I don't even know how this headline fits into the meat grinder today.  Seriously, is it good, is it bad, is it "priced in", it is blue horse shoe, is it a unicorn...? 

Thu, 11/03/2011 - 09:29 | 1840863 radarsentinel
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Who needs the National Enquirer when you can watch the business channel.Keep it up Tyler, I need more rumors.

O/T but does anybody know a good site that I can follow the Italy 10 yr bond?

Thu, 11/03/2011 - 09:29 | 1840868 Pig Brotha
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As per Bloomberg


Breaking News Papandreou Said to Fight on as Premier; Make Speech Tonight
Thu, 11/03/2011 - 09:51 | 1840999 SheepDog-One
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We've already seen this same event.

Groundhog Day.


Thu, 11/03/2011 - 09:30 | 1840874 Stax Edwards
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So fading this rally

Thu, 11/03/2011 - 09:42 | 1840948 WonderDawg
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Good call. I think we'll see the highs for the day this morning and markets close red, maybe nice and red. But what do I know?

Thu, 11/03/2011 - 17:55 | 1843322 WonderDawg
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Well, definitely wrong about closing red. Glad I didn't place any bets today.

Thu, 11/03/2011 - 09:44 | 1840966 caerus
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Thu, 11/03/2011 - 09:31 | 1840876 zonkie
zonkie's picture

If G-Pap survives the referendum is on (unlikely), but have Merkozy fed bulls realized the alternative?  According to Greek press the conservative opposition (will have a say in the next govt.) is asking for re-negotiation of the deal. 

In any case the deal is off. The only positive outcome is a referendum yes. 

Thu, 11/03/2011 - 09:52 | 1840878 Cone of Uncertainty
Cone of Uncertainty's picture

G-pap is back, with his pockets fat.

Referendum here to stay, to Merkels dismay. 

Streets on fire, murderers for hire.

Kill the golden goose, give the proletariats the noose.

Never ending saga, close to the ledge.

Keeping it real at muther fucking zerohedge.



Thu, 11/03/2011 - 09:31 | 1840880 monopoly
monopoly's picture

Agree, all the debt would go poof. And in less than 2 years the markets will loan them money, again.

Thu, 11/03/2011 - 09:32 | 1840883 Dr. Engali
Dr. Engali's picture

And they talk about how stupid we looked over the debt ceiling debate. We are a bunch of pikers compared to them. We clearly need to speed up our de- evolutionary process so we can be the number one clowns on the planet. We can't have another country be better at anything than us. We're the United States for cripes sake.

Thu, 11/03/2011 - 09:33 | 1840893 lizzy36
lizzy36's picture

As long as Italy is not Greece all is good.


Thu, 11/03/2011 - 09:35 | 1840904 agent default
agent default's picture

Just you wait.

Thu, 11/03/2011 - 09:40 | 1840918 floor
floor's picture

G-Pap is a genious, and Merkozy is a dummy. In the meantime we can wait on the implosion of the european banking sector. Since Merkozy was so clever to freeze the Greek billions, I don't think Greece will keep paying it's debts.

So what's next, Merkozy begging G-Pap to accept the 8 billion after all? I mean, surely now is going to happen what they warned us for all those years and why Greece had to be bailed out with all that taxpayers money. Or maybe it doesn't?

Thu, 11/03/2011 - 09:42 | 1840944 vegas
vegas's picture

Just as I was going through the lyrics to "Send Her My Love" from Journey, I had visions of G-Pap.

"Send her [him] my love, memories remain ..."

And now he's staying? WTF?

Thu, 11/03/2011 - 09:43 | 1840958 jayman21
jayman21's picture

Democracy just had a heart attack and survived.  Stay tuned.

Thu, 11/03/2011 - 09:44 | 1840967 Porkbellytrader
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and now on CBS this the Gyro turns....

Thu, 11/03/2011 - 09:50 | 1840991 YesWeKahn
YesWeKahn's picture

Europeans are still looking for the G-spot? I thought frenchs and italians are good at it.

Thu, 11/03/2011 - 09:52 | 1841000 bnbdnb
bnbdnb's picture

The disconnect between stocks and EURUSD has begun.

Thu, 11/03/2011 - 09:54 | 1841012 SheepDog-One
SheepDog-One's picture

We've already seen 'Gpapa is resigning, no wait, he's not, speech tonite after market close'.

Cant they come up with new futures manipulation rumors?

Thu, 11/03/2011 - 10:03 | 1841058 Stax Edwards
Stax Edwards's picture

Greek treasury now trading futures to raise money for their next coupon payment

Thu, 11/03/2011 - 09:56 | 1841019 RemiG2010
RemiG2010's picture

Mom! I am pregnant! No .... wait ... I am not! No .... wait ... I realy am pregnant! NO WAIT I AM NOT!

To be continued......

Thu, 11/03/2011 - 09:56 | 1841020 xcehn
xcehn's picture

The Greeks should just assume that a non-rigged referendum is OFF and start immediately surrounding all government buildings by the millions.

Thu, 11/03/2011 - 09:57 | 1841022 edotabin
edotabin's picture

Now they are saying NO referendum.  Since the other parties disagreed with the present policies, Gpap felt only the referendum would provide guidance.  Now, the other parties are agreeing so there will be no referendum.


Thu, 11/03/2011 - 09:58 | 1841024 walküre
walküre's picture

Why is he not resigning? His cabinet is leaving in droves.

Wondering if G-Pap has to steal some of Greece's national treasure and load the planes?

Well, eventually he'll be dragged out of a hole by his people if he doesn't go. This posturing as if he cared about the vote, the referendum or the people is a Greek plot. He's an actor and he's buying himself some more time.

The next tranche won't get paid in December and the country will fall flat on its ass. G-Pap will retire somewhere outside of Greece and live off the riches he's stealing up until this time.

Thu, 11/03/2011 - 10:04 | 1841025 virgilcaine
virgilcaine's picture

vive le revolucion!  GPap is leading the Greeks straight into it..

Thu, 11/03/2011 - 09:58 | 1841026 Stax Edwards
Stax Edwards's picture

aaaaand its gone...

Thu, 11/03/2011 - 09:58 | 1841028 Shock and Aweful
Shock and Aweful's picture

Something as ridiculous as what is going on in Greece, Germany, France (Europe in general) does not happen by can only be acheived by a central planning committee. 

I am convinced the whole "referendum", "Rescue Package" and the endless parade of ridiculous shit is that is coming out of after day is just cover for something....They seem to want to keep people attention focused on matters of little import going on in the left the right hand can pick what remains in the pockets of the average European....and leave them holding and empty bag when the shithouse collapses....

Greece is but an interlude...the big story will not start until Italy topples over on itself....and it will has to (unless of course, they decide to print a few trillion Euro's)

Thu, 11/03/2011 - 10:03 | 1841029 Youri Carma
Youri Carma's picture

Breaking News: Mr Papandreou says he is not resigning – Greek state TV.

1319: Greek state TV (quoted by AFP) says Mr Papandreou insisted he was not resigning when he spoke at today’s emergency cabinet meeting.

Reuters quoted a source in his office as saying: “There is no resignation by the prime minister… There is no resignation by the cabinet.”

1315: Mr Papandreou says he is not resigning – Greek state TV.


Is this an other BBC/MI6 False Flag? BBC Reported Building 7 Collapse 20 Minutes Before It Fell


14:50 – After getting a tip, hellasfrappe googled Lucas Papademos name on Wikipedia… and we were very surprised to come up with this information.

    Lucas Demetrios Papademos (Greek: ?????? ?????????; born 11 October 1947 in Athens), is a Greek economist, former Vice President of the European Central Bank.

    Papademos attended the Massachusetts Institute of Technology, gaining a degree in physics in 1970, a masters degree in electrical engineering in 1972, and a doctorate in economics, in 1978.

    He followed an academic career at Columbia University, as well as serving as Senior Economist at the Federal Reserve Bank of Boston in 1980.

    He joined the Bank of Greece in 1985 as Chief Economist, rising to Deputy Governor in 1993 and Governor in 1994.

    He was Vice President of the European Central Bank from 2002 to 2010.

    He has been a member of the Trilateral Commission since 1998.

    He is a member of the Academy of Athens, and a professor of the University of Athens.

    He is likely to become head of a new government in November 2011.

This surfaces many questions. How did Wikipedia know that Lucas Papademos was going to be proposed as the next head of government. How did they know that it would occur in November 2011. And most importantly how did they know that Papandreou would resign and a new government would be appointed. This is by far VERY STRANGE. And then they say we are conspiracy artists…. Jesus

And than you’ve got this former Goldman bankster Mario guy cutting rates one day after his appointment? Stunning!

Thu, 11/03/2011 - 10:01 | 1841038 Odin
Odin's picture

I just love how every swing in the stories coming out of Greece just makes the Main Stream Bankster media look less and less creditable... Keep up the good work boys...

Thu, 11/03/2011 - 10:03 | 1841054 Dr. Engali
Dr. Engali's picture

I'd love to see G-Pap scream " we are Sparta" and kick a banker in the face.

Thu, 11/03/2011 - 10:06 | 1841075 Calmyourself
Calmyourself's picture

9:02 cst, dow up 42.. Nothing changes till guts ache with hunger.   I wish it were different but human nature being what it is...

Thu, 11/03/2011 - 10:09 | 1841086 edotabin
edotabin's picture

Play by play.....

Merkel asked to fly to Greece to "lean" on Samaras.

The Germans are ready if Greece exits Euro and have plan b and c accoridng to Deutsche Welle


Thu, 11/03/2011 - 10:11 | 1841097 Kina
Kina's picture

God, if Greece is causing this much mahem what about Italy and Spain?

Thu, 11/03/2011 - 10:15 | 1841123 Grimbert
Grimbert's picture

How to leave the euro / eu


Thu, 11/03/2011 - 10:20 | 1841158 edotabin
edotabin's picture

Gpap supposedly had sent two representatives to meet with Samaras (head of opposing party)

Now, they are denying that they sent the representatives.

Samaras saying he would not meet with them anyway. He claims he wrote his proposal and all communication is to happen through the president, Papoulias.

(I'm getting an immediate transalation so just passing it on here.....)

Thu, 11/03/2011 - 10:24 | 1841183 Reptil
Reptil's picture

BBC = propaganda tool

Thu, 11/03/2011 - 10:26 | 1841200 mess nonster
mess nonster's picture

A month ago, I thought Pappy was a wuss. Now I think he has the balls of an elephant. Hang in there buddy! The devil must abide by the terms of his own contracts.

Thu, 11/03/2011 - 11:14 | 1841246 Youri Carma
Youri Carma's picture


1416: Mark Lowen BBC News, Athens says events have moved fast.

After speculation that Mr Papandreou had intended to see the president to offer his resignation and the formation of a national unity government, that plan now appears in doubt.

Ministers in the cabinet meeting are said to have urged Mr Papandreou to resign, something he is trying to resist, with his official spokesman telling journalists – Greece has a prime minister.


About Lucas Papademos:

Yep, found it in history

Was edited today: 12:07, 3 November 2011‎ PatGallacher

Then removed later so no conspiracy. Still: He has been a member of the Trilateral Commission since 1998.


? ????? ??????? ??? Channel4

I agree with her: New Elections!

Thu, 11/03/2011 - 10:35 | 1841254 DavidJ
DavidJ's picture

THIS IS A CIRCUS!!!!!!!!!!!!!!!!!!!

Thu, 11/03/2011 - 10:39 | 1841270 Cluelesscitizen
Cluelesscitizen's picture

How to leave Europe?

-with a copious outflow of guts and viscera hanging off your belly.

As for G-Pap, he set a precedent that any politician who speaks the mind of the people, (ironically) commits political suicide

Thu, 11/03/2011 - 11:12 | 1841526 Cluelesscitizen
Cluelesscitizen's picture

Too bad leaving the US is just as f*cked

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