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Here Come The Statements Following Greece-Merkozy Three Way: Europe Agrees To Not Blow Itself Up

Tyler Durden's picture


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.
  • PAPANDREOU CALL WITH MERKEL, SARKOZY IN GOOD CLIMATE: SPOKESMAN: 72 degrees, zero humidity, balmy, not a cloud in the sky
  • 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.

Greece PR


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Wed, 09/14/2011 - 14:02 | 1669450 TradingJoe
TradingJoe's picture

Yeah! Acording to Algos' latest move...they like it!

Wed, 09/14/2011 - 14:04 | 1669462 redpill
redpill's picture

Well obviously this is bullish for US equities...


...for some reason...


...that no one can actually articulate...


Wed, 09/14/2011 - 14:06 | 1669476 Misean
Misean's picture

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...

Wed, 09/14/2011 - 14:07 | 1669487 john39
john39's picture

problem solved.  buy stocks!  whew, things were getting scary there for awhile.

Wed, 09/14/2011 - 14:13 | 1669516 slewie the pi-rat
slewie the pi-rat's picture

Peace In Our Time

trust me

Wed, 09/14/2011 - 14:17 | 1669546 Ancona
Ancona's picture

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.

Wed, 09/14/2011 - 14:38 | 1669649 X.inf.capt
X.inf.capt's picture


Wed, 09/14/2011 - 14:50 | 1669666 Pegasus Muse
Pegasus Muse's picture

That Press Release --- it's all Greek to me.

Wed, 09/14/2011 - 15:55 | 1670062 X.inf.capt
X.inf.capt's picture

LOL. GO ...11TH ACR....

Wed, 09/14/2011 - 20:35 | 1671167 NoClueSneaker
NoClueSneaker's picture

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 ...

Wed, 09/14/2011 - 14:41 | 1669667 Melin
Melin's picture

trying to keep my breakfast down here Francisco.

Wed, 09/14/2011 - 14:36 | 1669645 Sudden Debt
Sudden Debt's picture

To bad the voters of Germany and France don't agree.



Wed, 09/14/2011 - 14:09 | 1669504 Comay Mierda
Comay Mierda's picture

just another part of the algo circle-jerk ponzi scheme

Wed, 09/14/2011 - 14:16 | 1669542 Mactheknife
Mactheknife's picture

Just wait till the algos get a load of the Phily Fed index tomorrow.

Wed, 09/14/2011 - 14:23 | 1669583 TruthInSunshine
TruthInSunshine's picture



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.



Wed, 09/14/2011 - 15:03 | 1669771 alien-IQ
alien-IQ's picture

what makes that post so funny is that it is, at this point, a completely plausible CNBC/Bloomberg report.

Wed, 09/14/2011 - 14:09 | 1669502 P Rankmug
P Rankmug's picture

Rally on, Garth!

Wed, 09/14/2011 - 14:14 | 1669529 waylon153
waylon153's picture

Damn, Greece is so broke that can't even afford their own speechwriter - they borrowed Obama's.  Is there anything they won't borrow?

Wed, 09/14/2011 - 14:15 | 1669537 Id fight Gandhi
Id fight Gandhi's picture

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.

Wed, 09/14/2011 - 14:21 | 1669571 Translational Lift
Translational Lift's picture

I'm a heroin addict and promise to never shoot-up again.....really.....honest.....for sure....really!!

Wed, 09/14/2011 - 15:52 | 1669996 Miles Kendig
Miles Kendig's picture

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

Wed, 09/14/2011 - 14:31 | 1669622 fishface
fishface's picture

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

Wed, 09/14/2011 - 14:38 | 1669654 youngman
youngman's picture

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

Wed, 09/14/2011 - 14:48 | 1669690 Divided States ...
Divided States of America's picture

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.

Wed, 09/14/2011 - 14:46 | 1669680 EscapeKey
EscapeKey's picture
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Joseph Goebbels.

Wed, 09/14/2011 - 15:10 | 1669824 macholatte
macholatte's picture

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

Wed, 09/14/2011 - 20:42 | 1671262 NoClueSneaker
NoClueSneaker's picture

Oh shit, me n00b ...


I thought it was that Jean-Claude Juncker guy ...

Wed, 09/14/2011 - 14:03 | 1669454 Misean
Misean's picture

Ah good. It's all settled then. Glad the systemic instabilities were that easy to solve.

Wed, 09/14/2011 - 14:03 | 1669456 Cdad
Cdad's picture

Conference call catalyst.  We are scraping the bottom of the barrel for catalysts these days.

Wed, 09/14/2011 - 14:04 | 1669460 New_Meat
New_Meat's picture

"Greece-Merkozy Three Way"

Not a pretty mental image, not at all.

- Ned

Wed, 09/14/2011 - 15:55 | 1670061 Miles Kendig
Miles Kendig's picture

The ost-est with the most-est gold still attracts the climbers

Wed, 09/14/2011 - 14:05 | 1669466 redpill
redpill's picture

See?  All we needed was a conference call.  Problem solved.

Wed, 09/14/2011 - 14:05 | 1669468 Mongo
Mongo's picture

Farce You!

Wed, 09/14/2011 - 14:05 | 1669471 Segestan
Segestan's picture

Political cowards.

Wed, 09/14/2011 - 14:18 | 1669561 GeneMarchbanks
GeneMarchbanks's picture

Not at all. Huge balls actually. Let's see how the next batch of austerity is greeted.

Wed, 09/14/2011 - 14:06 | 1669473 agent default
agent default's picture

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.

Wed, 09/14/2011 - 14:08 | 1669492 Misean
Misean's picture

A Gyro it doesn't have to pay for until next Tuesday...

Free Euros for a Gyro....

or something

Wed, 09/14/2011 - 14:13 | 1669524 SheepDog-One
SheepDog-One's picture

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? 

Wed, 09/14/2011 - 14:08 | 1669482 spiral_eyes
spiral_eyes's picture

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. 

Wed, 09/14/2011 - 14:15 | 1669535 Clorox Cowboy
Clorox Cowboy's picture

Bring on the crash!!!

Wed, 09/14/2011 - 14:06 | 1669483 SheepDog-One
SheepDog-One's picture

Denial is not just a river in Egypt.

Wed, 09/14/2011 - 14:12 | 1669512 TradingJoe
TradingJoe's picture

Heh, good one Sheep!

Wed, 09/14/2011 - 14:14 | 1669530 SheepDog-One
SheepDog-One's picture

I'm ready to see the Greek riots flare again!

Wed, 09/14/2011 - 14:16 | 1669538 dwdollar
dwdollar's picture

I wonder what Samuel Clemens would think of this farce if he were alive today.  Probably be here on Zerohedge I suspect.

Wed, 09/14/2011 - 15:12 | 1669836 whstlblwr
whstlblwr's picture

Yes, Steinbeck too.

Wed, 09/14/2011 - 14:07 | 1669484 Gubbmint Cheese
Gubbmint Cheese's picture

Phew - crisis averted.

Now we can go back to buying the crap out of stocks.. or is that 'back to buying crap stocks'??


Wed, 09/14/2011 - 14:08 | 1669495 agent default
agent default's picture

Crap stocks.

Wed, 09/14/2011 - 14:07 | 1669490 Mae Kadoodie
Mae Kadoodie's picture

PapaAngelaNicolas.  Say it 3X fast!

Wed, 09/14/2011 - 14:09 | 1669499 redpill
redpill's picture

Better ingredients, better bailouts.  PapaAngelaNicolas.

Wed, 09/14/2011 - 14:24 | 1669595 CvlDobd
CvlDobd's picture


Wed, 09/14/2011 - 14:08 | 1669494 xtop23
xtop23's picture

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 ?

Wed, 09/14/2011 - 14:13 | 1669517 NotApplicable
NotApplicable's picture

Wait for the riots, start cracking skulls, then blame the rioters (it's the only real solution they have).

Wed, 09/14/2011 - 14:16 | 1669541 SheepDog-One
SheepDog-One's picture

Apparently theyve concluded street riots are the only way to go now. Video clips of molotov coctail hurling Greeks in 5....4....

Wed, 09/14/2011 - 14:58 | 1669753 catacl1sm
catacl1sm's picture

the MSM ignores riots in Europe like Ron Paul... unless its over something simple, like shooting a black guy, in the UK.

Wed, 09/14/2011 - 14:08 | 1669497 wang (not verified)
wang's picture

Rosies' depression didn't last long

Wed, 09/14/2011 - 14:25 | 1669600 TruthInSunshine
TruthInSunshine's picture

Yeah, it's all clear now. Real global economic growth is set to explode.


Wed, 09/14/2011 - 14:09 | 1669505 scatterbrains
scatterbrains's picture

"convinced"   lmao  okie dokie  in that case I'm convinced too. whew! glad that's over.

Wed, 09/14/2011 - 14:15 | 1669540 tmosley
tmosley's picture


Hopefully before this is all over.  Maybe a nice series of hangings in the Hague like they did for the Nazis.

Wed, 09/14/2011 - 14:10 | 1669506 pods
pods's picture

So we are basically back to where we were about a month ago?


Wed, 09/14/2011 - 14:10 | 1669507 alien-IQ
alien-IQ's picture

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".

Wed, 09/14/2011 - 14:10 | 1669508 NotApplicable
NotApplicable's picture

So... G-Pap is getting serious again?

Must mean time for more riots.

Wed, 09/14/2011 - 14:11 | 1669511 SheepDog-One
SheepDog-One's picture

Whats the half life of this, 2 hours?

Wed, 09/14/2011 - 14:14 | 1669526 TradingJoe
TradingJoe's picture

Does it really matter, Sheep?! 2 Hours, 3- 50 Min!? 

Wed, 09/14/2011 - 14:14 | 1669533 xtop23
xtop23's picture

No volume rally until the close ....... again. Fuckin computers.

Wed, 09/14/2011 - 14:18 | 1669552 Clorox Cowboy
Clorox Cowboy's picture

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.

Wed, 09/14/2011 - 14:14 | 1669534 caerus
caerus's picture

once again the world is saved by a conference call

Wed, 09/14/2011 - 14:17 | 1669547 SheepDog-One
SheepDog-One's picture

I remember this same shit from 2008. Tiniest rumor sent everything balistic up or down.

Wed, 09/14/2011 - 14:18 | 1669553 CrashisOptimistic
CrashisOptimistic's picture

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.

Wed, 09/14/2011 - 14:21 | 1669575 DirtMerchant
DirtMerchant's picture

That's funny, picturing Papa holding a gun to his own head, "I'll do it"!

Wed, 09/14/2011 - 14:52 | 1669722 SheepDog-One
SheepDog-One's picture

'Do what he say Lawdy! Do what he SAY!'

Wed, 09/14/2011 - 14:18 | 1669557 kito
kito's picture

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.

Wed, 09/14/2011 - 14:19 | 1669563 SheepDog-One
SheepDog-One's picture

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.

Wed, 09/14/2011 - 14:19 | 1669565 DirtMerchant
DirtMerchant's picture

I'm just on the edge of my seat waiting for the next news flash of little importance

Wed, 09/14/2011 - 14:20 | 1669566 Gecko Junior
Gecko Junior's picture

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.

Wed, 09/14/2011 - 14:23 | 1669585 DirtMerchant
DirtMerchant's picture

its driving me nuts, 5 min news cycle for a 3yr long train wreck...its like watching each molecule of paint dry

Wed, 09/14/2011 - 14:20 | 1669568 william shatner
william shatner's picture

This calls for a celebration. WAITER! A bottle of your finest Ouzo!....... Now everybody dance!

Wed, 09/14/2011 - 14:21 | 1669576 Vergeltung
Vergeltung's picture

well, thank goodness a three-way phone call, solved it all!!

Wed, 09/14/2011 - 14:23 | 1669577 dwdollar
dwdollar's picture

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?

Wed, 09/14/2011 - 14:23 | 1669589 SheepDog-One
SheepDog-One's picture

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!

Wed, 09/14/2011 - 14:22 | 1669581 vote_libertaria...
vote_libertarian_party's picture

So stocks rocket...bonds unchanged


hmmmmm me thinks there is a disconnect

Wed, 09/14/2011 - 14:24 | 1669594 nobusiness
nobusiness's picture

What a great conference call.  QE3 run up started should last until FOMC Meeting

Wed, 09/14/2011 - 14:40 | 1669612 SheepDog-One
SheepDog-One's picture

'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 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.

Wed, 09/14/2011 - 14:25 | 1669602 Belarus
Belarus's picture

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. 

Wed, 09/14/2011 - 14:26 | 1669606 BetTheHouse
BetTheHouse's picture

And here comes the bullshit afternoon RAMP!!!!!!!!!

Wed, 09/14/2011 - 14:38 | 1669642 SheepDog-One
SheepDog-One's picture

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.


Wed, 09/14/2011 - 14:36 | 1669648 Belarus
Belarus's picture

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. 

Wed, 09/14/2011 - 14:38 | 1669657 xtop23
xtop23's picture

Boggles the mind doesn't it

Wed, 09/14/2011 - 14:42 | 1669671 SheepDog-One
SheepDog-One's picture

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.

Wed, 09/14/2011 - 14:51 | 1669709 Belarus
Belarus's picture

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....

Wed, 09/14/2011 - 14:57 | 1669744 SheepDog-One
SheepDog-One's picture

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.


Wed, 09/14/2011 - 15:06 | 1669791 chirobliss
chirobliss's picture

Actually its unbefuckinglievable.  No really it is.  Bipolar market off its meds going full manic!!

Wed, 09/14/2011 - 14:36 | 1669650 SheepDog-One
SheepDog-One's picture

So when will S&P be >900 for next weeks FOMC again? Which day, Monday? Friday? 

Wed, 09/14/2011 - 14:37 | 1669653 LookingWithAmazement
LookingWithAmazement's picture

LOL. Euro taxpayers will bleed until...? Merry Christmas, when this whole crisis will be forgotten.

Wed, 09/14/2011 - 14:38 | 1669655 nestle
nestle's picture

This is not 3some of Merkel!

It's Kim Kardashien's fat butt in NYSE again!!

Wed, 09/14/2011 - 14:42 | 1669673 Missiondweller
Missiondweller's picture

To the German people:


Don't act like sheep! Go out into the streets and protest!

Wed, 09/14/2011 - 14:47 | 1669685 SheepDog-One
SheepDog-One's picture

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!

Wed, 09/14/2011 - 14:58 | 1669740 alien-IQ
alien-IQ's picture

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"

Wed, 09/14/2011 - 18:49 | 1670807 jhm
jhm's picture

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.

Wed, 09/14/2011 - 14:46 | 1669681 youngman
youngman's picture

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 takes off the edge...its that or a straight jacket...and a white padded room..

Wed, 09/14/2011 - 14:48 | 1669691 bankruptcylawyer
bankruptcylawyer's picture

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 some point soon. 

Wed, 09/14/2011 - 14:50 | 1669701 SheepDog-One
SheepDog-One's picture

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%!


Wed, 09/14/2011 - 14:50 | 1669704 goldfreak
goldfreak's picture

if anybody believes Greece won't default, then they should be able to more than double their money in a year right?

Wed, 09/14/2011 - 14:52 | 1669725 Silverhog
Silverhog's picture

I can't follow this bullshit anymore. Makes me want to get back on antidepressants.

Wed, 09/14/2011 - 14:54 | 1669728 SheepDog-One
SheepDog-One's picture

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.

Wed, 09/14/2011 - 15:03 | 1669770 chirobliss
chirobliss's picture


Wed, 09/14/2011 - 15:04 | 1669778 nachtliche
nachtliche's picture

They are in agreement.. they are all going down together. 

Wed, 09/14/2011 - 15:05 | 1669788 jmcadg
jmcadg's picture

Oh look another statement from Merkozy full of specific details. Yawn. BULLSHIT. Let Greece leave and sort this shit out.

Wed, 09/14/2011 - 15:07 | 1669792 mayhem_korner
mayhem_korner's picture

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.

Wed, 09/14/2011 - 15:06 | 1669795 reader2010
reader2010's picture

Continue to fuck the people for the sake of bankers' profits. 

Wed, 09/14/2011 - 15:08 | 1669813 catacl1sm
catacl1sm's picture

Fuckdiculous, this is.

Wed, 09/14/2011 - 15:10 | 1669821 mayhem_korner
mayhem_korner's picture

Nice mesh of Yoda and Scarface.

Wed, 09/14/2011 - 15:09 | 1669819 mayhem_korner
mayhem_korner's picture

Show me a retracement to double-digit Greek bond yields and I'll pop some corn and sit down for this one.

Wed, 09/14/2011 - 15:11 | 1669827 Solid Gold Bubble
Solid Gold Bubble's picture

Must... retake.. 1200..

Wed, 09/14/2011 - 15:29 | 1669917 oogs66
oogs66's picture

i keep trying to re-read the statements and figure out what i'm missing?

Wed, 09/14/2011 - 16:05 | 1670117 Dick Darlington
Dick Darlington's picture

"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."

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.

Wed, 09/14/2011 - 16:21 | 1670177 New American Re...
New American Revolution's picture

I can't make heads or tails out of this bullshit.   It's all Greek to me!

Wed, 09/14/2011 - 16:28 | 1670197 newworldorder
newworldorder's picture

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.

Wed, 09/14/2011 - 16:40 | 1670240 BarryG
BarryG's picture

Is anyone else getting bored of the Euro crowds propaganda tennis??

In other news, Deutsche Telekom has gone all anti-US Govt...

Wed, 09/14/2011 - 17:25 | 1670391 LongOfTooth
LongOfTooth's picture

What's with this "Effen Cucumber" advertisement covering part of the story.  Effen pisses me off.



Wed, 09/14/2011 - 19:52 | 1671084 pappyhlace
pappyhlace's picture

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

Wed, 09/14/2011 - 21:33 | 1671436 Buck Johnson
Buck Johnson's picture

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.

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