This page has been archived and commenting is disabled.

Headline Watch Begins: New Democracy's Samaras Says Willing To Tolerate Minority Government

Submitted by Tyler Durden on 05/08/2012 11:45 -0400

As we warned, the EURUSD would surge on any headlines that a coalition pro-bailout government would be formed (the chances of which died yesterday when Samaras handed back the government formation mandate to the president). However the following...

GREEK CONSERVATIVE LEADER SAMARAS SAYS IS READY TO TOLERATE MINORITY GOVERNMENT - BBG
SAMARAS SAYS SYRIZA STATEMENTS DON'T SECURE PLACE IN EUROPE - BBG
GREECE'S SAMARAS SAYS DON'T WANT COUNTRY TO GO TO NEW ELECTIONS - BBG
GREEK CONSERVATIVE LEADER SAMARAS SAYS I WILL NOT PUT SIGNATURE TO THE DESTRUCTION OF GREECE - BBG

... is NOT the good news for a pro-bailout Greek government, that the algos were looking for, as it means that the Euro-friendly forces do not have the needed majority, which is to be expected in a government in which anti-bailout parties have nearly 60% of the vote: sorry, but the math just doesn't work. Of course, the algos have not been programmed to read into nuances, and the initial EURUSD spike is 40 pips higher. We can patiently wait until their 19 year old math Ph.D. programmers of algo signals understand what this headline actually means.

- advertisements -

Tue, 05/08/2012 - 11:47 | 2406836 No One

When is the headline "Greece to Vote on New Drachma Design" going to run?

Tue, 05/08/2012 - 11:58 | 2406882 skistroni

Unfortunately, the majority of Greeks has connected the Drachma with poverty and the Euro with prosperity. Most people don't even understand that the prosperity came about with borrowed money.

Disillusionment will be rough.

Tue, 05/08/2012 - 12:12 | 2406940 hedgeless_horseman

Try not to confuse the serving of drinks to German tourists and empty olympic venues with real prosperity.

Tue, 05/08/2012 - 12:01 | 2406883 idea_hamster

"which died.... However...."

How do you say "ZIRPombiePocalyse" in Greek?

(Perhaps "ZombIRPocalypse" is the correct term?)

Tue, 05/08/2012 - 12:26 | 2406987 maxmad

The end of the Euro is nigh!

"Don't shoot, let them burn!" -Saving Private Ryan

Tue, 05/08/2012 - 11:48 | 2406840 Capitalist

=if(A1=and(Greek,government),buy,buy)

Tue, 05/08/2012 - 11:51 | 2406850 Sudden Debt

=VLookup((german*taxpayers*lifesavings)*EURO)

Tue, 05/08/2012 - 11:49 | 2406842 Sudden Debt

Let's just see if they can aprove their first downpayment of their debt... Or default... Yet again...

Tue, 05/08/2012 - 11:50 | 2406849 hedgeless_horseman

AMERICAN CORPORATOCRACY LEADER OBAMNEY SAYS IS READY TO TOLERATE ANY CHANGE THAT KEEPS THE STATUS QUO WITH BANKS CALLING THE SHOTS

Tue, 05/08/2012 - 11:51 | 2406851 redpill

ain't that the truth

Tue, 05/08/2012 - 11:53 | 2406860 Pretorian

Jim O'neill have to re-write that trading code.

Tue, 05/08/2012 - 11:54 | 2406861 I Am Not a Copp...

Europe close - that ramp was right on time, like clockwork

Tue, 05/08/2012 - 12:07 | 2406916 surf0766

Short bounce

Tue, 05/08/2012 - 12:00 | 2406884 youngman

Are they not selling some bonds today....??? According to the EU Calender posted here a few days ago that Greece is selling bills today....and the 15th they have to pay back some bonds...

Tue, 05/08/2012 - 12:12 | 2406942 andrewunknown

sold 26 week earlier today: 4.69% v. 4.5% previous. Fairly uneventful.

Tue, 05/08/2012 - 12:04 | 2406904 theTribster

Its amazing that there is still a debate about Greece's fate relative to the Euro and the union. Greece will be forced out sooner than later, before the end of June. Welcome back Drachma, it was a pretty currency I thought. It may end up being a really cheap vacation this year!

The Greeks should step away, go back to the Drachma, devalue and at the same time execute a global marketing campaign that defines Greece as the BEST place for vacation in the world! They'll be selling bonds again within a couple years. After they leave they should pursue the odious debt option as a way out of paying the debt.

Go Greece, great country and great people. Southern Europe has it figured out :) Play hard, work a little and avoid taxes by any means nesessary...

Tue, 05/08/2012 - 12:12 | 2406937 falak pema

if algos could shoot the new Golden Dawn of tomorrow would have 6-8 members less and total compatibility with Euro solid feta. Fortunately democracia is stronger than assassin algos, whatever the market may wish for, and neo-nazi jerkoffs get parliamentary immunity from being erased from an HFT triggered electronic screen by an electronically controlled mouse (who can't roar or draw a bead); what a scream as it destroys my wet dream. Please can I now have my ice cream?

Tue, 05/08/2012 - 12:18 | 2406967 hiper66

Bullish on AR15's

Tue, 05/08/2012 - 12:20 | 2406973 SmoothCoolSmoke

Seems the Greeks are aiming to screw the Banksters up the ass. For that the world owes them a debt of gratitude.

Tue, 05/08/2012 - 12:24 | 2406982 midgetrannyporn

http://www.youtube.com/watch?v=GCAMZySxe7U&feature=fvst

Tue, 05/08/2012 - 12:21 | 2406979 kito

GREEK CONSERVATIVE LEADER SAMARAS SAYS I WILL NOT PUT SIGNATURE TO THE DESTRUCTION OF GREECE- BBG

ummmm, perhaps he hasnt been outside the palace walls recently?

Tue, 05/08/2012 - 13:32 | 2407281 EuroSovietSerf

Don't underestimate the EuroSoviet leaders (which is what most 'national' leaders effectively consider themselves to be) both in Brussels and in the member states. The level of disconnect between the elites and reality is now wider than the Grand Canyon. They brainwashed themselves into believing the EuroSoviet is grand, the Euro benefitted everybody and everyone who opposes 'the project' is a mental case (the old Soviet Union used to lock up people merely for dissenting, the EU would love to do this too but for now they'll have to settle for trying to demean people).

But as I said, they firmly believe what they do is for the good of all... and even if it isn't, if the banks and corporations benefit, the wealth will eventually 'trickle down'.

Plus, they are not going to risk their own seat or potential future seat on the EuroSoviet gravy train (ie pay no tax, travel expenses even if you don't travel, etc... etc...).

Tue, 05/08/2012 - 12:28 | 2407003 carbonmutant

New Democracy chief Antonis Samaras has launched an attack on Syriza head Alexis Tsipras, accusing him of not wanting to form a government and of showing profound arrogance in his interpretation of the electional result.

Samaras blamed Tsipras of dragging the country into chaos and said that "for all the things that Mr. Tsipras announced to happen, Greece will need to be outside of the Eurozone. Is that what he wants? Because if it is, then he might as well be honest and say it.

At least KKE have been clear about what they want". He urged the Syriza leader to "wake up" by tomorrow's meeting with Samaras and stated sternly, that this was not a time for Greece to be playing with fire. His party, he said, would only participate in a coalition government that would secure Greece's safety and future in the eurozone.

From Athens...

Tue, 05/08/2012 - 12:59 | 2407117 jmcadg

a) Samaras is desperate to lead Greece
b) Is just plain desperate
c) Been told by TPTB to get back in there and beg if you have to.

What a loser.

Tue, 05/08/2012 - 12:59 | 2407121 virgilcaine

Graham @Phoenix Capital is on the ground in Greece gathering info for you.

Tue, 05/08/2012 - 14:21 | 2407509 Clowns on Acid

So...we have been served the appetizer, now comes the main course...Greek default.

Iceland defaulted and greece has more islands than Iceland...so where is the problem?...hehe.

Greece defaults (depreciate the currency just like they always did), introduce the "New Drachma" with a twist...it will be backed by Gold (the actual, (non convertible) exchange rate between New Drachma and AU has yet to be decided).

What a better way to get back onto one's socio-economic feet? No one is going to lend them anymore fiat.

There is nothng else that they can do. Indeed the rest of the PIGS will take note.

Timeframe you ask? Hmmm...who knows...can be 3 months or 12, I reckon.

Tue, 05/08/2012 - 14:37 | 2407570 virgilcaine

Default in 3-12 months. yes but the Mkt affect will be much sooner. ie Like right now.

Tue, 05/08/2012 - 23:15 | 2408967 jmcaule4

This simple indicator nailed the bottom of the market today! $RUT vs $SPX in action

Also,

The Truth Behind the Unemployment Numbers + Stimulus vs Austerity

Facebook Roadshow Presentation

S&P 500 timing system returns 289.81% over the past five years When to expect the next round of QE

Sun, 05/13/2012 - 23:25 | 2422669 qiongqiong

Coach Factory Outlet
Coach Outlet USA
Coach Wallets
Cheap Coach Purses
Coach Outlet
Coach Purses Outlet
Coach Factory Outlet Online
Coach Outlet
Coach Store Outlet
Coach Outlet Online
Coach Outlet
Coach Factory Online
Coach Factory Store
Coach Bags
Nike Air Max

Our Coach Factory Outlet goal is to let everyone be able to buy the Coach Outlet USA for her own. Coach Wallets or Cheap Coach Purses in the cheap Coach Purses Outlet are available now with the best condition and Coach Outlet in the lowest price. Coach products from Coach Factory Outlet Online have classic design yet in top fashion sense. The artwork of Coach in the Coach Outlet is so delicate and distinctive, perfect in details. Coach Store Outlet is a great Coach Outlet Online store not only selling top Coach Bags but also other Coach accessories. Coach Outlet does not let you down on Coach quality, design and workmanship. Coach Factory Online also is a good place for you to enjoy Coach items. In this Coach Factory Store, you could get the best Coach Bags at the best price. So are other Coach accessories, like Coach shoes, Coach wallets or Coach jewelries. Of course, if you love other brand shoes, Nike Air Max is a top one for you! Welcome!

Fri, 08/10/2012 - 02:13 | 2693313 fjfj

Sat, 08/25/2012 - 04:48 | 2736475 bestlucklyzgt

Burberry Outlet
Burberry Sale
Burberry Outlet Online
Burberry Sale
Burberry Outlet Online
Burberry Outlet
Burberry Outlet Online
Burberry Outlet
Burberry Sale
Louis Vuitton Outlet
Michael Kors Outlet
Louis Vuitton Outlet
Michael Kors Outlet
Louis Vuitton Sale
Michael Kors Outlet Online
Louis Vuitton Sale
Michael Kors Outlet Store

Mon, 09/03/2012 - 04:03 | 2757210 bestlucklyzgt

All of these Burberry Outlet are 100% mirrored the genuine ones.Now, baggage out of Burberry Outlet go along with lizard, ostrich plus crocodile dermis sometimes during a reasonably Burberry Outlet priced amount. Dolce plus Gabbana fake purses and Burberry Outlet will be excellent to observe and get fine casino wars that is going to enable the particular owner without difficulty tackle all these purses and Burberry Sale in no time. A duplicated baggage out of Burberry Sale will be just what exactly would probably provide the timeless style and design if you wish so that you can clutch plus fantastic superb Burberry Sale . Many who seem to like great fretting Burberry Sale would love any fake travelling bag out of Burberry Outlet Online .Every details including material, hardware, lining, leather trimming, structure and chrominance are cautiously imitated based on the Burberry Outlet Online .There are various kinds of replica Burberry Outlet Online with diverse styles and colors Burberry Outlet Online in the market. Whatever kind Louis Vuitton Outlet you are looking for, you can certainly find Michael Kors Outlet that can perfectly fit you. Louis Vuitton Outlet are fast becoming popular because despite being stylish and made of quality materials, Michael Kors Outlet are affordable to a high percentage of middle income earners.

Headline Watch Begins: New Democracy's Samaras Says Willing To Tolerate Minority Government

Comment viewing options