On The Imminent Slovenian Government Collapse And Greek T-Bills

Tyler Durden's picture

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GeneMarchbanks's picture

'The Greek T-bill was a success, although my understanding is somehow t-bills are treated differently and cannot default under EU law.'

That level absurdity should send you on your way to a local coin shop.

As for Slovenia 'contributing' to the EFSF... (LOLing so hard)

TBC


StychoKiller's picture

If Slovenia defaults, it will drag down Pottsylvania, then (shudder!) Mooseylvania!  Oh, the Humanity (or at least the moose & squirrels!) :>D

Ahmeexnal's picture

I advised them to keep their Tolar.
But they wouldn't listen.
Just as the dutch wouldn't listen when I advised them to keep their Gulden.

Germany has collapsed too:

http://www.independent.co.uk/news/world/europe/merkel-coalition-fears-co...

LongBalls's picture

Gold to 2K by end of year.

GeneMarchbanks's picture

October, you meant of course.

LongBalls's picture

It should already be there. But one can never discount the cartel on gold. Only the cartel is allowed to discount gold.

jekyll island's picture

Humpty Dumpty sat on a wall.....

disabledvet's picture

"once more...unto THE BEACH!" quite nice this time year so I've been told as well.

RSloane's picture

The Slovenian government will not collapse today. Full guidance and direction will be offered because its worked so well for Greece.

Cleanclog's picture

The Swiss will provide a stick save so the Slovenian problem doesn't go contagious into Austria where banks are already in trouble for mortgages made in Swiss Franc to Hungarian properties.  That region has a bunch of messes not many are paying attention to, yet combined are bigger than Greece in EU impact potential.

scatterbrains's picture

can we assume this spike higher on /ES is just greenspan tweeting his buddies the good news from inside ?

 

oa92000's picture

 

 

HELP ME HERE !!!

why can not Greek government sell their land and other assets to avoid default?

Dick Darlington's picture

They don't want to. Period. They want to keep their corrupted system with all the benefits to "insiders".

http://online.wsj.com/article/SB1000142405311190419460457658022015932424...

DosZap's picture

WHY would Greece SELL their country?,screw the Banksters default.

Do an Iceland.

oa92000's picture

 

 

According to law, does Greek government have to include their land into the asset pool that would be used to pay off the debt?

YesWeKahn's picture

It appears that Greece has found some way to game the EU financial system. I think Greece delaying the default is a constant uncertainty to the market. This is why the markets are volatile. The idiot officals don't really understand that. Like Robot girl said the other day: Once Greece defaults, the market will rally because the shoe finally dropped.

SteveGennisonBallWasher's picture

Ah good ole Slovenia, was just next door in Croatia visiting family.  They are jonesin' to join the EU even now, with all this shit going on.  It seems to be a sense of acceptance in Europe for them.  Weird.  I called my family dumbasses.

Dick Darlington's picture

Gubbermint collapse should be wildly bullish for Slovenian spreads. In EU/Euro-fantasyland everything that in normal world would be potentially damaging to democracy, public finances etc is treated as a positive. Just look at Belgium...

steve from virginia's picture

Kreditanstalt, bitchez ...

KondaU's picture

Considering what was said by now in the slovene parliament, the government will be ousted. We will however not have a general election, but a search for someone foolish enough to govern until november 2012 elections, which will probably be unsucessful.

 

In short: Current government is an unmitigated disaster. Corruption is running rampant. Country of 2M people borrows roughly 2B EUR a year just to keep afloat and most of our biggest banks are close to collapse due to abovementioned corruption and foolish lending to real estate builders which already collapsed mainly because banks will not let them sell the properties for less than they owe. In a country with average wage of 975 EUR a 50m2 appartment costs 125.000 EUR.

 

Yea. Slovenia is going down

drB's picture

1. What is the connection between Slovenian govt collapse and Greece?
2. What significance does the Slovenian govt collapse have? Governments collapse and new ones are formed with no negative effects on economy.
3. I think total Slovene govt debt is about 50-60% of GDP which is less than for many European countries.

And for aficionados of Slovene swearwords - jebi se pizda materna :)

SilverRhino's picture

Go fuck your mother's cunt?  That's harsh. 

Picaferaj's picture

The significance is that the Slovenian parliament won't be able to vote on the EFSF expansion until 2012.

 

Prokleti skupnoskledarji! ;)

KondaU's picture

88/90 representatives present, yea I know...88. 51 voted down the prime minister's suggestion for new ministerial positions so we can say the govt has collapsed

KondaU's picture

Whoa. one of the ministers says elections may be held in 2nd half of this november.