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Here Come The Statements Following Greece-Merkozy Three Way: Europe Agrees To Not Blow Itself Up
Reuters is reporting that according to a press report released to reporters in Athens, a Greek government spokesman has said that despite rumors, all have agreed that Greece will remain part of the Eurozone. And from Bloomberg: "Greece is an integral part of the euro area and recent decisions to meet budget targets will help shield the economy, the Greek government said in a statement today following a call between Greek Prime Minister George Papandreou, German Chancellor Angela Merkel and French President Nicolas Sarkozy." Well, at least Greece has agreed to not blow itself up. Now... if only enacting this theory into practice was as easy as releasing a statement.
And some more from Bloomberg:
- SARKOZY, MERKEL `CONVINCED' GREECE TO REMAIN IN EURO, because, you see, Greece is desperate to bail.
- GREECE MUST STRICTLY ENFORCE BUDGET PROGRAM, SARKOZY SAYS
- PAPANDREOU CALL WITH MERKEL, SARKOZY IN GOOD CLIMATE: SPOKESMAN: 72 degrees, zero humidity, balmy, not a cloud in the sky
- PAPAPANDREOU DETERMINED TO ENFORCE DEBT-CUT PLAN, SARKOZY SAYS
- GREEK GOVERNMENT SATISFIED WITH CALL WITH MERKEL, SARKOZY
- GREEK BUDGET CUTS TO PAVE WAY FOR EURO STABILITY, SARKOZY... And this time the budget cuts will work. Seriously.
And, no, nothing about how Greek debt will be treated. But remember: that debt exchange is going swimmingly... at least according to Greece.
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Yeah! Acording to Algos' latest move...they like it!
Well obviously this is bullish for US equities...
...for some reason...
...that no one can actually articulate...
The uncertainty of the Greek situation is solved! The zEuro credit crunch was transitory and has passed! Green shoots are shooting! Dog and cats etc...
problem solved. buy stocks! whew, things were getting scary there for awhile.
Peace In Our Time
trust me
Greece Merkozy three way?!?!
I just got a mental picture of Sarkozy and Merkel sixty nining on a conference table with Papandreou peeking from the closet pulling one off.
Thanks for the image douchebag.
EEEEEEEEEEEEEEUUUUUUUUUUUUU!
That Press Release --- it's all Greek to me.
LOL. GO ...11TH ACR....
I'll do you a favour and translate it to you in serbian/croatian:
... STISNUT I PRDNUT ... (*)
* contracting arsehohle tight, and wanting to fart inspite ...
trying to keep my breakfast down here Francisco.
http://thevictoryreport.org/2011/09/14/nigel-farage-greece-under-dictatorship/
WATCH – Nigel Farage – Greece Under Dictatorship
To bad the voters of Germany and France don't agree.
ELECTIONS IN JUNE! I LOVE IT!
just another part of the algo circle-jerk ponzi scheme
Just wait till the algos get a load of the Phily Fed index tomorrow.
***CNBC/BLOOMBERG/FINANCIAL TIMES BREAKING NEWS ALERT***
Greece's Prime Minister tells world that Merkel begged him to ensure Greece remains part of European Union, and that she even went so far as to tell him that without Greece as an EU Member, "life wasn't worth living."
In other news, Chinese Premier Wen Jiabao has pledged to wipeout the debts of his own nation, PIIGS+France+U.K, Japan and the United States, by tomorrow at the latest, because "it's the right thing to do at the right time."
Wen Jiabao also was struck with the notion of buying a couple hundred million shares of BAC while having his balls waxed by a concubine.
***THIS HAS BEEN CNBC/BLOOMBERG/FINANCIAL TIMES BREAKING NEWS ALERT***
what makes that post so funny is that it is, at this point, a completely plausible CNBC/Bloomberg report.
Rally on, Garth!
Damn, Greece is so broke that can't even afford their own speechwriter - they borrowed Obama's. Is there anything they won't borrow?
Fuck this shit.
All it means is a bunch of fuckers will continue to lie to our faces as the world burns and insult our intelligence by saying it's all under control.
Then it will all blow up when Greece doesnt follow thru again. Fuck em fuck em.
I'm a heroin addict and promise to never shoot-up again.....really.....honest.....for sure....really!!
Especially if you give me money so I can eat and have a place to sleep and buy baby formula and have a cell phone so you can call me and cable and internet and a car and a gas card and ..... I PROMISE not to use any more heroin
They lied already, how can a conference call solve this problem?
Its just the Papa Merkozy threeway
Now they have to go back to parliament and start the real orgy
Just a little conference call and its all good....I wonder if they used Skype???? With Obama speeking everyday...and these press releases every hour....I am going NUTZ
Meetings dont work, just look at what we have achieved with the previous two years of FOMC meetings. Usually, instead of talking about serious issues, we end up talking about the game last night or the new chick with the bod from the office next door.
Joseph Goebbels.
Yea baby!
Advertising is a valuable economic factor because it is the cheapest way of selling goods, particularly if the goods are worthless.
Sinclair Lewis
The modern Little Red Riding Hood, reared on singing commercials, has no objection to being eaten by the wolf.
Marshall McLuhan
Oh shit, me n00b ...
I thought it was that Jean-Claude Juncker guy ...
Ah good. It's all settled then. Glad the systemic instabilities were that easy to solve.
Conference call catalyst. We are scraping the bottom of the barrel for catalysts these days.
Not a pretty mental image, not at all.
- Ned
The ost-est with the most-est gold still attracts the climbers
See? All we needed was a conference call. Problem solved.
Farce You!
Political cowards.
Not at all. Huge balls actually. Let's see how the next batch of austerity is greeted.
So what do the Greeks have to gain from this? Instead of just admiting that Greece is bankrupt they will force bankruptcy on the population just for the sake of staying in the Eurozone.
This is bullshit and will not end well. There will be blood.
A Gyro it doesn't have to pay for until next Tuesday...
Free Euros for a Gyro....
or something
I thought they already tried the 'force the bankruptcy on the people to fix it' and it ended up in massive riots?
So...we'll just try that again?
Sixteen shades of bullshit.
The more they bail, the bigger the crash will be in the end.
You can't have a successful economic system based on bad economics.
Mother nature guarantees it.
http://azizonomics.com/2011/09/14/is-leverage-the-problem-again/
Bring on the crash!!!
Denial is not just a river in Egypt.
Heh, good one Sheep!
I'm ready to see the Greek riots flare again!
I wonder what Samuel Clemens would think of this farce if he were alive today. Probably be here on Zerohedge I suspect.
Yes, Steinbeck too.
Phew - crisis averted.
Now we can go back to buying the crap out of stocks.. or is that 'back to buying crap stocks'??
Crap stocks.
This vest contains no explosives, I promise!
PapaAngelaNicolas. Say it 3X fast!
Better ingredients, better bailouts. PapaAngelaNicolas.
awesome
What a joke - Seems like every day a touchy feely comment gets released to keep this giant circle jerk from imploding.
What will they do when theyve used up all the somewhat believeable statements ?
Krugman's aliens ?
Wait for the riots, start cracking skulls, then blame the rioters (it's the only real solution they have).
Apparently theyve concluded street riots are the only way to go now. Video clips of molotov coctail hurling Greeks in 5....4....
the MSM ignores riots in Europe like Ron Paul... unless its over something simple, like shooting a black guy, in the UK.
Rosies' depression didn't last long
Yeah, it's all clear now. Real global economic growth is set to explode.
BTFD.
"convinced" lmao okie dokie in that case I'm convinced too. whew! glad that's over.
"convicted"
Hopefully before this is all over. Maybe a nice series of hangings in the Hague like they did for the Nazis.
So we are basically back to where we were about a month ago?
pods
the fact that anybody believes this pile of bullshit is a testement to human stupidity.
or as Hitler once said: "How fortunate for the leaders that the masses do not think".
So... G-Pap is getting serious again?
Must mean time for more riots.
Whats the half life of this, 2 hours?
Does it really matter, Sheep?! 2 Hours, 3- 50 Min!?
No volume rally until the close ....... again. Fuckin computers.
I like it. Let's buy and buy and get the stress built up so tight that when this all finally comes apart the explosion will be so horrific they write epic poems about it for the next 500 years.
once again the world is saved by a conference call
I remember this same shit from 2008. Tiniest rumor sent everything balistic up or down.
Greece agreed to stay within the Euro, up to the point where the next tranche check isn't written, at which point they will exit the Euro.
That's funny, picturing Papa holding a gun to his own head, "I'll do it"!
'Do what he say Lawdy! Do what he SAY!'
ironic to see the european banksters treating themselves the same way theyve treated south america for decades. finally, after south america freed themselves of the imf/world bank shackles, european savior states resort to cannabilism. on behalf of all the latin american citizens who have been squeezed dry by these predators over the decades---couldnt ask for a better ending.
WELL I guess its all good news, so just cancel the FOMC meeting next week, obviously QE3 trillions which have been baked in who knows how many times are no longer needed at all.
I'm just on the edge of my seat waiting for the next news flash of little importance
I cannot recall a more fascinating time to be watching the markets than now.
This is like a trainwreck, porno, and comedy skit all at the same time.
its driving me nuts, 5 min news cycle for a 3yr long train wreck...its like watching each molecule of paint dry
This calls for a celebration. WAITER! A bottle of your finest Ouzo!....... Now everybody dance!
http://www.youtube.com/watch?v=LL4UYNZ22-A&feature=related
well, thank goodness a three-way phone call, solved it all!!
I just laugh at this shit. The higher the DOW goes the harder I laugh... Seriously??? I mean seriously???
Name one thing that's been solved long term, anywhere in any country. I think it's 0 for 220486098 so far. But who's counting?
And just think, only a few days ago the only news that mattered was QE3 and we were DEFINITELY going to see a 10% market drop in order to get it and all that....gee now none of it is even the least bit relevant anymore as the markets tack on 2% daily!
So stocks rocket...bonds unchanged...gold unchanged
hmmmmm me thinks there is a disconnect
What a great conference call. QE3 run up started should last until FOMC Meeting
'Run UP' now to price in QE3 again now, wow thats amazing! When only last week every bit of opinion stated they would clearly have to let markets fall substantially in order to unveil all the free trillions...now Bernank will simply march up to the podium and point to wildly rising stocks to make his case QE3 trillions is needed for stocks which are rising 2% daily!
Island in Tahiti please, let me off this stupid 'civilized' world. Id rather eat a coconut and spear a crab every day than this insanity.
Paraphrasing myself yesterday: "we're going to have to endure more pain to the upside in this market. Markets don't crash when EVERYONE is expecting them to." Check.
And here comes the bullshit afternoon RAMP!!!!!!!!!
WOW theres goes another 2% tacked onto the DOW! All is truely well!
Now back to daily presidential speeches and FED sabre rattling demanding trillions more in urgent bailout and stimulus money....or else the whole whoopdie falls apart, etc.
This rally doesn't surpise me at all: NYSE short interest at record high, extreme pessismism (rightly so but bullish for the market short term), Greece (saved for the nth time in over a year), etc....
What does surprise me is how shitty the metals have done this week. Unfuckingbelievablee (i know it's not one word). I mean seriously, the safe-have Swiss just fucked and confirmed all fiat is not worthy, the only thing that can save Greece, let alone Italy, Spain, and Portugual, is massive money printing, plus let us don't forget we'll spend another 1 trillion at least every year for as far as the eye can see in the U.S. to cover up the depression, and much more like the NAB multi-lateral facility of the IMF getting ready to bail out some giant TBTF banks, and even more money needed to bail out the everything else, retail sells down, and etc. etc. etc. etc........
And what does Gold and Silver do? Unreal. The paper markets are a fucking joke.
Boggles the mind doesn't it
I told them YESTERDAY on the 'record shorts' article that the morons were only putting their necks on the chopping block! WHEN will these shorts knock it off and stop providing fuel daily to pull off these stupid short squeezes?
Well I hope theyre all bankrupted.
Yup, being short is futile when the central banks can just ramp any market anywhere higher on the drop of a dime. i like to think of it as a yo-you. Who has more conviction? Without doubt, it's the longs. The shorts are more nervous than you fill in the analogy....
Well, at least Im hoping this turns off the shorts big time to doing it any more, lets see the computers churn higher on no short covering. Go ahead.
Hey SHORTS- PISS OFF!
Actually its unbefuckinglievable. No really it is. Bipolar market off its meds going full manic!!
So when will S&P be >900 for next weeks FOMC again? Which day, Monday? Friday?
LOL. Euro taxpayers will bleed until...? Merry Christmas, when this whole crisis will be forgotten.
This is not 3some of Merkel!
It's Kim Kardashien's fat butt in NYSE again!!
To the German people:
Don't act like sheep! Go out into the streets and protest!
Same message to the American people!
But dont just go out in the streets and protest and hold up signs, BREAK SHIT! And make sure you break THEIR shit!
the only way you're gonna get that message to the American people is if you land a spot on American Idol and put the message into a song. (of course...that would likely get you disqualified)
or you can become a has-been TV hack and go on Dancing with the Stars and do an interpretive dance that makes that statement...but then you're dealing with the barrier of "interpretation" and we all know Americans aren't big on that whole "thinking" thing...so......
Missiondweller, dream on! My countrymen- and women have no clue what is really going on and are so overfed with loads of money and us-style tittytainment that it would need a real shock in their wallet, i mean a REAL big blow, to bring them up from their bloody lethargy and utter political ignorance. And even then they would ask for an application for a revolution permit from the authorities before they would do anything "illegal". And the ones who understand what is going on and are willing to do something are a ridiculed minority unable to gain any serious interest.
Btw., why should they protest here? There is no, i repeat NO, noticeable ramification in any way in the usual day-to-day life of average citizens here regarding this absurde european crisis except the news reports every day, which people tend to widely ignore meanwhile due to complete weariness and thus utter aversion on the subject. News and reality are lightyears apart.
I think there are a lot of new shorts also....people piling in on the short side..this is going to go boom soon....HFT vs HFT....Intel chip vs AMD chip...head to head or Stock to Stock...I think by Friday...but I´ll be hungover...I am drinking more these days..it takes off the edge...its that or a straight jacket...and a white padded room..
we are at a world war I powder keg moment. another andrei breivik will come along soon from france or finland, or greece, and they won't be killing lefties.
they'll be murdering a high EU or eurozone or ECB official most likely. and this will be all over the news in europe and it will destroy any notion that the public wants cooperation to bail everyone out.
this kind of rogue shit is predictable. someones gonna do something ....at some point soon.
DUH hey I know! Lets pile in short in stocks so we can let the FED computers CORNHOLE us again and send stocks up another 3%!
if anybody believes Greece won't default, then they should be able to more than double their money in a year right?
I can't follow this bullshit anymore. Makes me want to get back on antidepressants.
This is all just a joke now. I have no interest in sitting at the poker table where the others are whispering and showing each other their hands to bet.
Squeeeeze!!
They are in agreement.. they are all going down together.
Oh look another statement from Merkozy full of specific details. Yawn. BULLSHIT. Let Greece leave and sort this shit out.
Like the scene in Force 10 from Navarone where the charges go off and Harrison Ford is wondering why the dam is still there.
Same deal here...just wait a while.
Continue to fuck the people for the sake of bankers' profits.
Fuckdiculous, this is.
Nice mesh of Yoda and Scarface.
Show me a retracement to double-digit Greek bond yields and I'll pop some corn and sit down for this one.
Must... retake.. 1200..
i keep trying to re-read the statements and figure out what i'm missing?
This is exactly why eurozone is destined to fail. They keep lying that Greece is an integral part when in reality euro means death to Greece and Greece means death to eurozone. And this goes for many more countries too. And second, this is a prime example how "democracy" is implemented in eurozone. Merkozy having their nice little tea parties and from time to time they have the courtesy to invite some minion country to have a cup.
I can't make heads or tails out of this bullshit. It's all Greek to me!
Well, the can has been successfully kicked down the road for another quarter. Untill the 17 euro nations parlaments vote on the legality and funding for the EFSF there is nothing else to be done.
Timmy has guanteed european solvency, Benny has opened up the eurodollar swaps and China will invest in Euroland. In the mean time the Greek people continue to be sacrificed at the alter the banksters have built. What a world we live in.
Is anyone else getting bored of the Euro crowds propaganda tennis??
In other news, Deutsche Telekom has gone all anti-US Govt...
http://germanywatch.blogspot.com/2011/09/more-german-counter-espionage-moves.html
What's with this "Effen Cucumber" advertisement covering part of the story. Effen pisses me off.
considering China markets are in bear market, they will say whatever to stop the bloodshed...
but i honestly can't see them wanting to buy toxic assets
this is all a front so the markets will rally
but sooner or later the fat lady will sing
So what is positive about this is that Germany France and Greece agree that Greece will remain in the Eurozone. Because of the promised cuts and taxes that they agreed to do. This is a nothing statement. They might as well say that Greece will really really really do what we want of them and if not we will say it again. You don't hear anymore talk out of Germany from this weekend about Greece defaulting do you. They have told those individuals to shut up say and think happy thoughts.
When this economy implodes, it will be in a loud bang.