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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TradingJoe's picture

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

redpill's picture

Well obviously this is bullish for US equities...


...for some reason...


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


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...

john39's picture

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

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.

X.inf.capt's picture


Pegasus Muse's picture

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

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 ...

Melin's picture

trying to keep my breakfast down here Francisco.

Sudden Debt's picture

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



Comay Mierda's picture

just another part of the algo circle-jerk ponzi scheme

Mactheknife's picture

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

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.



alien-IQ's picture

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

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?

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.

Translational Lift's picture

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

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

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

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

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.

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.

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

NoClueSneaker's picture

Oh shit, me n00b ...


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

Misean's picture

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

Cdad's picture

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

New_Meat's picture

"Greece-Merkozy Three Way"

Not a pretty mental image, not at all.

- Ned

Miles Kendig's picture

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

redpill's picture

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

Segestan's picture

Political cowards.

GeneMarchbanks's picture

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

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.

Misean's picture

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

Free Euros for a Gyro....

or something

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? 

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. 

SheepDog-One's picture

Denial is not just a river in Egypt.

SheepDog-One's picture

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

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.

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'??


Mae Kadoodie's picture

PapaAngelaNicolas.  Say it 3X fast!