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Here Come The Greek (Re)Elections

Submitted by Tyler Durden on 05/15/2012 09:00 -0400

Update: confirming what we already know:

GREEK PRESIDENCY SPOKESMAN SAYS NO DEAL ON GOVERNMENT, GOING TO ELECTIONS
GREEK CARETAKER GOVERNMENT WILL BE APPOINTED TOMORROW

Wonder why the EURUSD is suddenly sliding? Here's why:

GREEK ANTI-BAILOUT CONSERVATIVE KAMMENOS SAYS THERE IS NO DEAL ON GOVERNMENT -BBG
KAMMENOS SAYS "THEY PREFER CREDITORS TO NATIONAL SOLUTION"
KAMMENOS SAYS NEW ELECTIONS WILL BE HELD

Which means Syriza will win the June re-elections, likely with a strong majority, and what happens then is anyone's guess.

- advertisements -

Tue, 05/15/2012 - 09:02 | 2426403 idea_hamster

Tue, 05/15/2012 - 09:02 | 2426404 Seorse Gorog fr...

Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Tue, 05/15/2012 - 09:03 | 2426413 idea_hamster

[Edit comment fail]

I'm going to start a tear-gas tracking series of ETNs.

Tue, 05/15/2012 - 09:07 | 2426424 maxmad

Collapse on CUE!

Tue, 05/15/2012 - 09:07 | 2426425 SilverTree

WHEEEEEEE!

http://www.dukascopy.com/plugins/fxMarketWatch/

Tue, 05/15/2012 - 09:13 | 2426447 LawsofPhysics

Awesome. Played that well, but then why are futures in Amerika green?

Tue, 05/15/2012 - 09:16 | 2426455 SilverTree

Flight to safety?

Hahahahaha!

http://wallstreetexaminer.com/blogs/winter/wp-content/uploads/2007/03/flight-to-safety.jpg

Tue, 05/15/2012 - 11:26 | 2427158 Silver Bully

What happens in Greece, stays in- wait . . .

Tue, 05/15/2012 - 09:24 | 2426493 EscapeKey

Because it's Tuesday.

Tue, 05/15/2012 - 09:27 | 2426520 WonderDawg

Not anymore.

Tue, 05/15/2012 - 09:08 | 2426427 junkyardjack

Go long TASR...

Tue, 05/15/2012 - 09:15 | 2426446 battle axe

Greek default in 5,4,3,2,1......

Tue, 05/15/2012 - 09:03 | 2426407 GetZeeGold

Clearly the solution is more elections.....this potato is one hot sucker.

Maybe we can get more Nazi's in this time.......51% and the problem WILL be solved......now stand up and show your respect!

Tue, 05/15/2012 - 09:11 | 2426429 SilverTree

Silly rabbit, Nazis suck!

Tue, 05/15/2012 - 09:12 | 2426442 idea_hamster

Any time you can get more Nazis to both admit that they're Nazis and gather together within a single effective blast radius, your plan can't be 100% bad.

Tue, 05/15/2012 - 09:17 | 2426459 junkyardjack

Can't Goldman Sachs just do a leveraged buyout and take over Greece. Enough with this democracy thing already...

Tue, 05/15/2012 - 09:02 | 2426410 Jlmadyson

What happens is a Euro exit and then chaos.

Tue, 05/15/2012 - 09:04 | 2426414 GetZeeGold

It was postponed to tomorrow.

Tue, 05/15/2012 - 10:08 | 2426748 DosZap

If they do not get the OUTCOME they want, they simply have another election.

If I were a Greek citizen I would hang all these bastards today.

This is worse than 5 yr olds arguing over a ball and bat.

Tue, 05/15/2012 - 09:06 | 2426422 icanhasbailout

Chaos moved in and made itself quite comfortable long ago.

Tue, 05/15/2012 - 09:05 | 2426415 Vincent Vega

Please put an end to this shit show...my head is about to explode from trying to keep up with it all.

Tue, 05/15/2012 - 09:11 | 2426436 cossack55

Don't worry. Your headache will go away as soon as SFP#4 collapses. Is a caretaker gubmint like a receivership?

Tue, 05/15/2012 - 09:05 | 2426417 eigenvalue

Hopefully Syriza would win. I'm already bored by the slow motion train wreck. Please crash for god's sake.

Tue, 05/15/2012 - 09:17 | 2426450 SMG

I want this over as much as anybody here. But on the other hand, I still don't mind another day of being able to go to Costco without being armed and wearing my bullet proof vest.

Tue, 05/15/2012 - 09:21 | 2426472 eigenvalue

You won't need your bullet proof vest if you use online shopping.

Tue, 05/15/2012 - 09:21 | 2426477 toady

You go to Costco unarmed?

Your a brave one!

Tue, 05/15/2012 - 09:20 | 2426465 Christoph830

Agreed. Does Syriza have a website we can donate to?

Tue, 05/15/2012 - 09:43 | 2426605 Peter Pan

Syriza needs to win to finally drive the stake into the two parties that are responsible for the political and economic mismanagement of Greece for the last thirty years.

Time for the new kids on the block to be given the benefit of the doubt and if there are any decent politicians in those dinosaur parties they should go across to SYRIZA and get the country going.

If they do this the Europeans will get the message straight and clear and then let's see who bolts next from the loving embrace of Europa.

Tue, 05/15/2012 - 11:16 | 2427104 Iwanttoknow

I want Syriza to open a franchise in USA.

Tue, 05/15/2012 - 09:08 | 2426418 Banksters

Die technocratic EUROTARDS!

Tue, 05/15/2012 - 09:06 | 2426421 GS-DickinDaMuppets

Just get it over with!

...doing GOD's work...GS-DickinDaMuppets

Tue, 05/15/2012 - 09:08 | 2426423 HyperLazy

I thought the futures were sliding because of the Redbook announcement @8:55. LOL Oh, Greece again...

Tue, 05/15/2012 - 09:09 | 2426430 j0nx

Not really seeing any slide in EURUSD or stock futures here on my end...

Tue, 05/15/2012 - 09:21 | 2426474 junkyardjack

You are on a delay...

Tue, 05/15/2012 - 09:22 | 2426475 Orly

Can I trade on your computer?

Tue, 05/15/2012 - 09:12 | 2426435 Dr. Engali

Can we please get this groundhog day shit over with?

Tue, 05/15/2012 - 09:29 | 2426529 toady

We just watched that a few weeks ago. My wife couldn't understand the concept, so I had to keep explaning that the day was repeating over and over again...

Tue, 05/15/2012 - 09:13 | 2426439 disabledvet

Do they call it the Shiraz Party because they're a more pink form of Comminist?

Tue, 05/15/2012 - 09:13 | 2426444 Conman

What's a caretaker government ? Same as pro euro government?

Tue, 05/15/2012 - 09:23 | 2426496 t_kAyk

http://en.wikipedia.org/wiki/Caretaker_government

Caretaker government is a type of government that rules temporarily. A caretaker government is often set up following a war until stable democratic rule can be restored, or installed, in which case it is often referred to as a provisional government. In some countries (including Australia and New Zealand) the term is used to describe the government that operates in the interim period between the normal dissolution of parliament for the purpose of holding an election and the formation of a new government after the election results are known

Caretaker governments are expected to handle daily issues and prepare budgets for discussion, but are not expected to produce a government platform or introduce controversial bills.

why the hell not? can't be any worse than shit we're standing in.

Tue, 05/15/2012 - 09:15 | 2426448 surf0766

But facebook........ facebook. Long term trend. like Zerox but but

Tue, 05/15/2012 - 09:24 | 2426490 junkyardjack

Don't worry, they are still a fantastic company. They understand investors worry so they have raised their IPO price to signal the strength of the company. Red light bitchez

Tue, 05/15/2012 - 09:14 | 2426449 virgilcaine

Grrek paybak for German WW2 atrocities?

Tue, 05/15/2012 - 09:16 | 2426452 Dr. Engali

A care taker government? Does that mean that Goldman will move their goons in? Is there anything left to pilfer from Greece?

Tue, 05/15/2012 - 09:17 | 2426456 BeachBanker007

what about todays bond payment??

Tue, 05/15/2012 - 09:15 | 2426457 Orly

Watch the kickback to cover:

The bullish Gartley pattern on the Daily
The opening gap to Weekly trade
The long-term Fibonacci level at 1.29
The Empire State Manufacturing numbers

Desination: 1.30831.

Oooops!

Tue, 05/15/2012 - 09:16 | 2426458 timbo_em

Now THAT was a no brainer.

Either the country would not have been able to form a government or the government that would have been formed would not honor its part of the bailout treaty and cause trouble with the Troika.

Tue, 05/15/2012 - 09:19 | 2426461 Roland99

Time for some Cage-Match elections!

Greco style!

Tue, 05/15/2012 - 09:18 | 2426462 zerohedgeJUNKIE

The Germans are screwed!

Tue, 05/15/2012 - 09:20 | 2426468 junkyardjack

I thought the Germans liked Nazis, no?

Tue, 05/15/2012 - 09:42 | 2426607 GetZeeGold

Unleash the Nazis on the Germans? There's some poetic justice for you.

Tue, 05/15/2012 - 09:20 | 2426463 youngman

Just think if you were in a failing company...and you did not have any bosses because they could not come to a decision.....would you steal the silverware??????? I think they are...and anything else they can take...this government is like a foreclosed home......the people are stealing the appliances..the light fixtures..the wiring...everyting that is not concreted in.....

Tue, 05/15/2012 - 09:22 | 2426467 Monkeyfister

From Reuters http://uk.reuters.com/article/2012/05/15/uk-greece-idUKBRE8440DC20120515 :

(Reuters) - Greece's president will ask politicians on Tuesday to stand aside and let a government of technocrats steer the nation away from bankruptcy, but leftists have already rejected the proposal and look set to force a new election they reckon they can win.

"Technocrats." Cute!

Tue, 05/15/2012 - 09:29 | 2426525 Vince Clortho

How about everyone step aside and let me take a crack at it. I have some ideas of my own.

Tue, 05/15/2012 - 09:22 | 2426489 TheSpiritOfTheTimes

Berlusconi for president!

Bunga Bunga!

Everyone will soon have forgotten about the ... what? ... ah, bailout.

On the other hand... sheeple could start understanding that Greece is just a smoke grenade... Hiding bigger things to come... US *cough* A [...]

Nothing to see here! Carry on!

Tue, 05/15/2012 - 09:24 | 2426498 PartysOver

So do we load up on stocks that manufacture tear gas for those fun loving Europeans? Just askining.

Tue, 05/15/2012 - 09:25 | 2426508 Shizzmoney

The collective fist pumping and bumping you hear are the hedge fund managers who betted against JPM on a Greek exit

Tue, 05/15/2012 - 09:30 | 2426537 Peter Pan

CHINESE NEWS REPORT ON GREECE:

"Grik people to get second erection in 2 months. Europe fucked."

Tue, 05/15/2012 - 09:54 | 2426682 Treason Season

The Japanese play for their erection.

Tue, 05/15/2012 - 09:29 | 2426541 doomandbloom

"Geneous Greek People! Geneous Genous " - Mr Panos

Tue, 05/15/2012 - 09:33 | 2426555 q99x2

Tell Germany to live up to their investment risk obligations, that you're using bitcoin from here on out and lock your borders to foreigners. Live long and prosper Greece. Long live the revolution.

Tue, 05/15/2012 - 09:35 | 2426556 DUNTHAT

Big jump in the Long category for "Other" Who could this be ?

Tue, 05/15/2012 - 09:34 | 2426561 Zgangsta

You can't spell drachma without drama.

Tue, 05/15/2012 - 09:39 | 2426579 Orly

Very good.

Tue, 05/15/2012 - 09:41 | 2426602 Whoa Dammit

The Syriza Party sounds pretty good to me. From what I have read about them they are ant-austerity, anti-globalism, pro small business, and pro environment. And it seems they believe one can live without bankers.

Tue, 05/15/2012 - 10:16 | 2426808 PR Guy

Sounds like enough to get their leader found face down in his bath before the next round of voting.

Tue, 05/15/2012 - 10:19 | 2426833 BlueDonkey

THEY ARE FUCKING SOCIALIST MONEY PRINTERS NOOOOOOOOOO !!!!

Tue, 05/15/2012 - 09:51 | 2426609 BlueDonkey

THE HEAVENS OPENED UP !!!!

Just a few months ago I was praying for someone I could believe in to show up on the Greek political scene and like a light from heaven he emerged. This man is not like the others, I can only compare him to a Greek Ron Paul. He has integirty, he is honest and loaths the global Banking cartel. He gave 7 demands which needed to be met in order to agree to create a government and to my joy and SURPRISE, one of the demands was for a return of the shares of the Bank of Greece to the greek people. At the moment 90% of the shares of our central bank belong to individuals (I wonder who?) and many non-greek. He demands the return of the shares to the greek people or government. For him to come up out of no where, to create a party, to win 10% in just two months is quite amazing. But for him to stand up and try to reclaim our central bank (like ron paul's end the fed) totally blows my mind and I would have never believed I would live to see the day where I would have the honor to vote for a man with such huge testicles. In the video below, if you know greek, it is condition 2 http://www.ert.gr/DRASTHRIOTHTA-KOMMATW%CE%9D/item/11951-Epta-oroys-thetei-o-Kammenos-gia-symmetochh-sthn-kybernhsh

Tue, 05/15/2012 - 09:53 | 2426668 BlueDonkey

KAMMENOS - ANEXARTITOI ELLINES!!!!!!!

Tue, 05/15/2012 - 14:03 | 2428162 Peter Pan

Precisely what i have said a few days ago. Imagine having not only a central bank not owned by your country but also one where you do not even know who the owners are.

Tue, 05/15/2012 - 14:49 | 2428338 nicxios

The day after Kammenos went on national tv and said he was going after the central bank, the media along with her whore political parties and the so-called President of Greece tried to drag his name in the mud with what essentially was a non-story.

It's sad that some Greeks will believe this obvious hack job. I hope more Greeks get angry at this provocation and punish them!

Tue, 05/15/2012 - 09:43 | 2426613 VonSalza

Mr. Panos 2012

Tue, 05/15/2012 - 10:07 | 2426734 PR Guy

So Greeks to go back to the ballot box eh?

It’s a straightforward play.

PASOK/ND will campaign on a platform of this now being a vote on exit from the Euro - and probably pick up some money on the QT from various interested parties in Europe to help fully fund the PR campaign (don’t tell me it’s illegal and therefore doesn’t happen per-lease).

They will be fully backed up by a number of elected and non-elected European politicians making lots of public noise for the Greek newspapers that if they don’t vote the right way this time they will be leaving the Euro and facing total ruin and disaster and all their children will die within six weeks and there will be a great pestilence on the land, etc.

The Greek electorate will be bombarded with this PR in the period leading up to the next round of voting and they don’t stand a chance. Not a hope. There will probably also be some dirty tricks on the main threats to the desired outcome too. Maybe a couple of harmless bombs will also go off that will be somehow linked back to anti-bailout parties and lots of noise about them causing violence and civil war if they win.

It’s all so pathetically predictable.

PASOK/ND will pick up just enough votes to form a majority of a small handful and it’s back to business as usual. Boom, boom (or should that be bust, bust?).

Don’tcha just love democracy? It’s so easily subverted.

p.s. You can buy 10yr Greek bonds today for less than 15. Yield now 29.7% - fill yer boots.

Tue, 05/15/2012 - 15:00 | 2428382 nicxios

You're right on the money about the tactics. They are already doing this. But I believe it will boomerang on them. The people they are able to terrorize are mostly the 55 and over crowd. In fact that's where ND/PASOK got their best results in last election.

The young people are rejecting both of them, again.

As for eveyone else, more and more people are becoming aware of the scam. Not only will they not be convinced, it will strengthen their conviction that they are being bullshited to. ND and Pasok are despised, and everyday they become more despised. Boomerang, and Syriza will benefit.

Polls are showing Syriza in first at ~ 20%. I think they will hit 25%, just a hunch.

Personally I hope Kammenos and Independent Greeks benefit as well. Anytime someone insists he is going after the central bank of thieves, has written it down as one of the 7 non-negotiable demands of his platform, I'm with them!

Tue, 05/15/2012 - 16:18 | 2428779 SimpleSimon

Here's how they should do the next round of elections....

All those in support of continuance of EU, drop a Euro in the ballot box. Those not in support, drop a drachma.

Not only will the people have spoken, they may pay off their debt as well...well, some part of it...or use it to start afresh...

Tue, 05/15/2012 - 19:23 | 2429498 zippy_uk

This is the EU in action and its a wonderful sight.

Basically the Greeks get a second chance to vote on whether the German tax payers

get to pick up the bill for Greek financial incompetance and profligacy.

I WONDER WHAT THE OUTCOME WILL BE ?

Here Come The Greek (Re)Elections

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