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Italy's Unelected PM Mario Monti: "Eurobonds, Or I Resign"
Update: According to subsequent press reports, Monty has denied he threatened to resign. i.e., Monti just blinked. So now it is up to Merkel who will either have a very short life, or Monti will have to come up with a different professional suicide gambit.
Just when we thought the European drama couldn't get any more poignant following Merkel's statement earlier which boils down to "No eurobonds or death", here comes Italy's unelected PM and former Goldmanite, Mario Monti, threatening that the beggar will pull the trigger on his own political career if he is not allowed to be a chooser. From Il Giornale: "If the Chancellor does not give up I will tell you that I resign because if things do not change are not able to bring Italy out of the abyss", he suggested relying on the bogeyman of the crisis that would bring Italy under attack of speculators. On the other hand, Merkel knows all too well that the fall of Rome would mean the collapse of the definitive ' euros by prospects that would put the shivers even in Berlin." So one hand for Merkel Eurobonds are a matter of life or death, while an elected technocrat with no leverage at all, threatens to quit. Our money is on the German.
One person who we are quite certain would be delighted if Merkel were to call Monti's bluff, is none other than everyone's favorite Bunga Bunga specialist: Silvio Berlusconi.
After all the plane has obviously crashed into the mountain. Might as well make the last few hours entertaining.
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Go ahead! Make my day, Mario! Resign!!
Next, Eurobonds or the world ends...
NATO tanks in the streets, bitchez!
EuroBonds
Just say no!
Hold that man to that promise.
Just like we shoulda held all the uberliberals to their promise to leave the US if Bush was elected and all the neo-cons to leave if Obama was elected.
Send 'em to MarioLand
Monti threatening to Resign?
Go one better and hump off a building, you Fucker!
Freeze! Or the dummy gets it!... I didn't realize Monti was a ventriliquist...
Isn't anybody going to help that poor man?.....
http://www.youtube.com/watch?v=YGVY-HO7w9s
This is exactly the scene I was thinking of when reading this. One of the funniest movies ever. You have to watch it at least twice to catch all the lines.
I was thinking about Mannequin.
AMF
CD - pull up that picture from the 80s movie of the white guy putting the gun on black guys head warning everyone: none moves or the black guy gets it!
... yeah right ...
How come the picture up there is of Berlusconi grabbing his dick?
It's the formal, respectful form of greeting to refined, cultured Italian females. Best accompanied by the salutation; "Yo' Angeline..." Which when translated into English means "Mount me." which is a derivation of the name Monti.
What a fucking circus.
Knuckles,coffee on my screen.really funny.
Did Michael Jackson copy Mario? ...or other way around....is Mario doing the "Jackson Grab & Lift"?
...or is he sending a secret signal to the Germans?
In any case, Seemed much better when Jackson did it.
Because Bernanke bit down.
I think the similar scene from Blazing Saddles would be even better ... I can't youtube (at work), so maybe some old timer will share that moment with the younger ZH audience ...
Regards,
Cooter
Done, see post above.
http://translate.google.com/translate?hl=en&sl=de&tl=en&u=http%3A%2F%2Fwww.spiegel.de%2Fpolitik%2Fausland%2Fkanzlerin-merkel-schliesst-euro-bonds-aus-a-841115.html
I counter with tits or GTFO Monti
http://www.financialsense.com/contributors/john-butler/breaking-news-reg...
gold has now been designated a zero risk asset....after 40 years.
I like this line (emphasis mine).
Not for long.
Exeter's Pyramid, bitchez!
Adios, Mario!
If he does resign, do the Italian people get a free election or another unelected placeman?
Or does current `government` so uncomfortably forced together get to sit down calmly and choose a new PM?
Fireworks in any scenario I would think, unless the population is just too lethargic to care any more. But I think
the Italians do still care...fireworks it will probably be.
italian adults are too busy looking at the soccer matches.
italian youth is watching big brother 13 and buying versace, gucci, etc etc
who do you think is going to use fireworks? perhaps the governement..........................
Rephased. Let us create more worthless paper (eurobond certificate) or the world ends. Germany is going to get kicked out of the Zone.
Don't let the screen door hit ya ...
(and quit playin' with yer dick)
[edit] Never mind, I see, it's a picture of that other Italian. Does anyone have a picture of Mario?
Mario Resign, Greece default, Germany bail on the Euro, etc etc etc. We all sort of know what will and should happen, lets get on with it, Euro go Boom.
but...but...what about the belgians
We keep a low profile for now....
But soon....
VERY SOON!!
WE TAKE OVER THIS WHOLE SHITHOUSE!!
WELCOME TO THE UNITED STATES OF BELGIUM!!
+1 OK, count me in. but only if you keep having often no government, this is the most appealing part of Belgium
Exactly. If we crash, germany will crash too.
Germany didn't learn Mussolini's lesson.
So if... The italians... Dn't get what they want....
They'll hang one of their own?.....
And this will scare the germans.... Because....
They said as you the same thing during the second world war.
German never won a war and never paid enough for that.
We will see this time.
Amazing how lippy an Italian can be on the topic:
however
So, that makes Italian reparations less than $500m, and German about $34bn, and of all things you choose to pick on Germany for this?
True, but it is Germany which began the war, and also Italy did less harm than Germany, by far ...
Dare to make a wager on Thursday's game? If Germany wins, no ESM. If Italy wins, all the ESM you canna stuffa in your pantsa (but without Germany).
Deal?
Love it! WB, you're the best
That picture is fucking priceless - LOL'ed on that deal - nicely done...
Merkel: No Euro-Bonds as long as I'm breathing
I guess Monti just shot his own foot.
Greek PM accepts resignation of deputy minister over links to offshore firm
Time to go long popcorn and comfy seating.
Pretty sure Angela wants to live more than you want to work so...
But it's God's work
Can't they just settle this like adults and conduct a duel?
I volunteer to be the second for both of them. I know I am better with a rapier, epee, and pistol than either of them.
Don't let the door hit ya where the Good Lord split ya!
Hand over the money...else ill shoot .,..( myself)
how do you say fuck off in german..she should tell that greasy wop to go take a hike..
Fuchen absiegatchen willen umschtrauflindenberg!!!
edit: if German speaking folk can't understand the above, it's because it's not in the hoch Deutsch. It's one of the dialects.
Good god I feel sorry for german third graders. Spelling class must be a bitch.
schleck deutsch?
Nein. Just messin' around.
Verpiss dich!
Same to you, man! :-)
Verfick dich!
Unfortunately there is no literal translation. The verb f**k in German is "ficken" which does enjoy considerable usage in other phrases. You can say "piss off" which is "verpiss' Dich", or the classical phrase "leck' mich am Arsch" (lick my ass, courtesy of the playright Schiller).
Einfach: du kannst mich am Arsch lecken.
Oh no, if we don't do what he says, he's going to shoot himself.
http://www.youtube.com/watch?v=upvZdVK913I
Beat me to it! :-)
You'll be missed, some guy who does... something? That has to do with banking I guess.
2 year old Monti: Give me your toy truck or I'm taking my toys and going home!
18 year old Monti: Give me a piece of ass or I'm breaking up with you!
Modern day Monti: Eurobonds, or I resign!
See, parents? See what happens when you don't stop temper tantrums in their tracks?
2 year old Monti: Sucking off his mothers tit
18 year old Monti: sucking off his mothers tit
Modern day Monti: sucking off his mothers tit
Italians: Emprison Monti on Lampadoosa for life, this man is destroying your wonderful civilization.
So how can one speculate against a sound and financially strong country like Italy? Oh, wait...
Can you really resign if you were never elected?
the voters gave him a pretty clear mandate (hehe)
mnaybe they meant 're-sign'
True...
Looks more like they'll fire merkel :)
Monti is an ex-Goldman guy: I figure he is just maneuvering to renegotiate his contract, bonus formula. "If I completely screw Italy I expect something worth my while at year's end!"
Ok, monty bet left arrow. And merkel?
http://leadenhallst.blogspot.co.uk/2012/06/next-step-for-europe.html
Fuck off
well said
Germany should just get the hell out themselves. Why keep throwing good money after bad. At times that are crisis, its important to get out in front of it, not let it dictate your actions.
I'd say Germany is already preparing to do just that.
Germany is viewed as crazy and suicidal since they want the Euro to be a stable currency (not something that is devalued to paper over bankers criminal/stupid activities).
How far we have come....
The Irish will threaten to abstain from drinking first. Then the Serbs will assasinate the archduke.
Crack suicide squad, attack!!
So, he wants to leave.
Don't say I blame him....where is the upside in staying on in the job? Now he can say that he was forced out by Germany, rather than being seen as a rat deserting a sinking ship.
berlusco will he return?
Bunga bunga its comming
now we have bunga-bunga2
Where old teenage girls are not allowed
Germany should leave the Euro. It would depreciate for the remaining countries easing their pain, and the German people would no longer have to backstop the whole enchilada. Wonder if it will happen....
Viva la democration
Go in your bedroom little boy and punch your pillow. I don't want to hear you crying.
vaffanculo. Fixed it for you.
Market is saying Angela will die before Monty resigns
The Italians should just save the theatrics for the soccer field......
Italian Opera has always been the most dramatic and entertaining.Will they keep the trains running on time?
What happens when Dragi loweres rates and all funnded with fresh Euros? The inflation train?
Somehow I don't see millions starving in south europe and also no strongman.Perhaps this time human get it close to right.
Who knew a Tuesday could be this entertaining?
At the White House, they don't call it 'terror Tuesday' for nothin'!
And just last week, the 20th European Summit promised to be boring - now we've got drama all over the damn place - and US markets going all green again, after a rough morning...
This might give Italy the excuse it needs to split itself north and south. Who gets the bunga bunga is anybody's guess, but for sure somebody's gonna get it.
squid operatives are not allowed to quit.
I knew it would come to this. It would not surprise me at this point if Germany pulls out, otherwise they have this to look forward to for years and years all th emeanwhile accumulating more and more debt on the German people. I think Merkel would be considered a great leader in Germany of she aborted the Euro experiment and walked away even with writing off some of the debt.
The Euro would certainly implode at that point. I'm struggling to figure it out, the end game that is. It would seem there is soooo much political capitla invested in this EuroStructure that they will fight to the end and yet instead they are starting to fight amongst themselves. I guess there is a real possibility that the Euro could break up, this is the first I've actually considered it to be a possibility - at least in a month or two :)
It was a gambit but Monti was not aware *he* is the pawn.
Yes, please resign.
Il Giornale is not a reliable source !!
Hot dogs. Get yer hot dogs here.
Death Race (2000) or Rollerball (2002). Pay TV I say. Run with it WB7....
Death Race (1975) or Rollerball (1975).
Italy v. Germany Thursday @ Euro 2012 just got a whole lot more interesting.
We should thank the ex RDA commies for blatantly showing to Angela that socialism is not the answer and allowing her to face down these corrupt midgets constantly refusing to take responsability for their enormous failure.
Vaffanculo Mario!!!
This is like my drug-addict, spendthrift, fat, ugly, frigid wife threatening to leave me if I don't give her my platinum card so she can go shop her face off.
See ya later honey.
Monti never said that. Il Giornale is owned by Berlusconi and it is against the Monti's government.
Don't bet on German, we will win as usual.
Reminds me of the scene from Catch-22
http://www.youtube.com/watch?v=WeVWupFBkA8
Exactly, thanks
This whole Euro fiasco is fucking boring. Same shit everyday. Default or STFU. The Euro leaders remind me of the little boy who cries wolf. Always talking shit but when its time to back those words they crawfish everytime.
Captain America is so much better...beating the shit out the guy next to the guy who punched first, like Iraq. Then probably soon running to whole another neighborhood to beat the shit out totally unrelated guy, Iran.
Monti vs Merkel? My money is on Merkel.
http://confoundedinterest.wordpress.com/2012/06/26/spain-sovereign-yields-spike-again-vat-is-das/
Socialism kills and Germany has their own entitlement fiasco coming up.
Looser
Even Adolf Hitler seemed he was winning
"looser" is what Berlusconi is doing to his suit pants in the pic
Germany leaves the Euro and joins up with the new Romney admin to cut government spending, lower taxes and free up markets. The new socialist Euro goes into full out print mode. The key questions end up being what do the UK Japan and China do?
My guess is UK and China go with US and Germany. JAPAN goes with Hollande.
Could be the ultimate show down of Capitalist, free market sound money vs centrally planned socialist BS.
wait, what...?
Did you just equate Romney with free market capitalism and sound money?
merkeel was heard to say
dont let the door hit your ass on th way out,.
i dont want ass marks on my new door
ALLES KLARE WUNDERWAR...............
Such a loss- Can he get Barrosso and Von Rumpboy to comitt suicide too
Fucking charade is all.
You gotta love Google's Italian to English translator.
Perhaps the Prime Minister Mario Monti has finally accepted the ultimatum of Cav and decided to download Frau Merkel.
Now THAT would be a big attachment. Hope they don't use a AT&T iPhone to download.
http://confoundedinterest.wordpress.com/2012/06/26/spain-sovereign-yields-spike-again-vat-is-das/
You guys are forgetting, Merkel is a Quantum Doctor. She is simultaneously doing bailout and no bailout and you simply cannot measure which one is it, without the measurement affecting the resulting conclusion.
I think Monti forgot to say /sarc off.
Duped
eurobonds are very unlikely before decisive steps towards fiscal union are made and monty knows that.
European Redemption Fund (ERF) could well be a different story. those receive far less opposition from germany and they would be quite beneficial, especially for italy. at worse they would buy Italy a lot of time. something tells me that is what monty is aiming to. he will ask for eurobonds to get ERF.
http://intermarketandmore.finanza.com/files/2012/06/02-Jun.-25-23.17.gif
Paging William...
"Give me debt, or give me death!"
Mario....!
May I be so kind to suggest die instead...
HA reminds me of the scene from blazing saddles
No Body Move
http://www.youtube.com/watch?v=Z_JOGmXpe5I
With this State of Eurozone Bunga Bunga will soon reach most of the Countries if nothing changes...
The next one speaking would be Bernanke who will self mutilate if there is no eurobonds.
Mario : Can I haz grappa?
Merkel : Leck mich am Arsch spaghetti
Eurobonds or you resign monti?? Nice, very nice you fucking GS implant. Who exactly voted for you you fucking two faced fucking banker swine.
Let me put this another way folks, either do what is right by your Italian brothers, or you wont resign you cunt, one of your brothers will fucking kill you, then peel you, then feed your skin to the dogs while you watch, and then color you in with crayola pencils a nice shade of yellow you fucking treasonous banker fucking bastard coward.
See, its easy, put your own first you fucking greasy pale skinned shitheaded cunt.
Are these people retards? Just default.
Are these people retards? Just default.
Okay, bye now. Don't foget to close the door on the way out.
Che si dimetta, quell fannullone! He only did half ( and the easy) of his job as technical non elected president. Reforming the labour market, tearing down the famous paragrafo 18 and so no, it's another game. Playing the card of going against Angela is just stupid, stubburn and shortsight. It's def much easier to do so than confronting the strong(er) unions in his country. Ha perso la partita, il nostro caro presidente della repubblica. Again, Italy is the 800 lb gorilla in the room. I hope that Angela is resisting against all odds in the days ahead. I'm not for Deutschland über alles, but against more Italy, Spain and France, because, that's what Obama wants in the end, because he desperately needs it.
This is all a bad dream, right?
Never go up against a sicilian when debt is on the line.
That's it.
The Nazis never paid apppropriate for what they did.
Neither did they pay for Marzabotto, nor for Kephalonia.
And they didn't pay for the mother of my grandmother, who was murdered in the GESTAPO-Headquarter in Vienna, just because she wouldn't let from her christian cross on a nacklace.
Greetings from Vienna, which is disgusted from Berlins neoliberal Taliban.
What MOnti said.
That's always been the GOldman/US/UK plan, all along.
Isn't Monti one of their boys too?
So the EC monarchs are either dupes or under some
serious pressure, and saw MOnti, Draghi and Papademos
as better than the alternative.
Gotta keep those liquidity sluices open!
Financial diarrhea.
Hey, Mario 'Three Card' Monti. Here's a newsflash:
You are busted, bitch.
Take your ball home and shove it up mommy Goldman's ass.
Cnut!
Hey Monti,
Perhaps Goldman could invent a 'Bunga Bond'
You fucking prick.