Latest European Bailout Rumor Summary

Tyler Durden's picture

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snowball777's picture


...per month, indefinitely.

RemiG2010's picture

We are totally screwd! I need to open a bottle of wine!

"DECISIVE ACTION' VERY SOON"  They should have acted weeks if not months ago, by kicking Greece out of the eurozone in the first place! Now is just too little too late...

JLee2027's picture


The euro area has to resolve “that the time of living above our means is over once and for all” and pursue debt reduction that will stretch over “many years,” Merkel said in a speech to members of her Christian Democratic Union late yesterday in Magdeburg, eastern Germany.


I have a question:

How is this accomplished when you refuse to give debt haircuts to Greece and are willing to speak about new bailouts to the banks? LMAO.....


Drag Racer's picture

when is this thing over, I gotta pee...

Chris Jusset's picture

The FIRST domino needs to fall ... and then the others should topple in rapid succession. 

wombats's picture

It is time for the IMF and ECB to eat their peas...then they can go pee.

DosZap's picture

when is this thing over, I gotta pee...

GO ahead, I'll hold yer place in line..............otherwise you will be in renal failure,have gout, and an exploded bladder.

Oh, and a BIG pool, w/ soaked pants.

I have never seen a BIGGER clusterfoxtrot, I believe they are NOW even outdoing the Fed!!!!.

Some one!!!!!!!!!!! Pleases shoot me, and put me out of my misery,this is worse than taking a 3yr old to Toy's R' Us, and telling them PICK just ONE toy.

Racer's picture

If you have a large position you want to offload, you need greater fools to sell to...

hence all these 'rumours'

Popo's picture

IMF sees reasons to rape Europe's taxpayers for the benefit of the elites.  News at 11:00

GeneMarchbanks's picture

US taxpayers as well. Fixed.

GeneMarchbanks's picture

Let's just extend the short ban indefinitely...

Gandalf6900's picture

sorry I think they already did that

Racer's picture

So serious reasons to be concerned and carefully monitoring the situation by the talking heads  is a reason to buy? Hmmm...

unum mountaineer's picture

how many unfounded market moving rumors does it take to get to the center of a tootsie pop? 

RobotTrader's picture

The only thing that matters now is "making your year"

Doing it in the 4th quarter alone.

That means every beaten down junker play is going to be bought with the utmost ferocity.

Just look at the crap moving today:


Caviar Emptor's picture

You can always hope. But the issues are much larger this time. 

snowball777's picture

The window dressing to end all window dressing.

LookingWithAmazement's picture

Better than expected job growth September US. No collapse.

tekhneek's picture

Funny how that always seems to work out when you set your expectations so fucking ridiculously low that a labor force of infants is bullish.

Kina's picture

Very obvious from the tenor of all that crap is that they are not able to do anything. Just a room full of inmates at an asylum chatting among themselves.

willien1derland's picture


Is it only me or is anyone else uncomfortable with that quote?! That is a mere 33.65x increase!

If this is the case how does the ECB sterilize this action?




CapitalistRock's picture

No it's not. Read it again carefully.

Caviar Emptor's picture

Each new wave of bank bailouts is not without a deep, non-monetary cost: as the public (taxpayers, sovereign govs) pays for the costly mistakes of the banks/WS, the cost to society in terms of jobs, economic livelihood, future prospects and debt ratings keeps getting dimmer. And in truth the bailouts have only required more bailouts later as they have started a vicious cycle of debt contagion, reduced economic credibility and mis-allocation of economic resources away from the productive economy. 

This round of bailouts is not being taken lightly: public awareness is already high and unrest is rising fast. Won't take a big match to start a fire this time. 

CapitalistRock's picture

People who keep asking, "When is it over?" might need to read It's Different This Time.

It's never over. It morphs. The restructuring, promises, missed deadlines, crying, pain, etc. will go for many years.

The money printing will be stepped up MANY times and always come with a promise and sincere belief that this is the last time. The fiat money holders will lose faith very slowly. It will not happen at once. Many will convert back and truly believe a recent debt restructuring made the fiat system work again. Only to be disappointed later.

Your gold and silver value will be volatile but just fine. Watch for laws preventing you from storing value in gold. Use as a buying opportunity in places where you still can. Today's interconnected markets will make it very hard to outlaw gold as we did in the 1930s (which wasn't very effective anyway).

lapedochild's picture

Merkel just commited German Taxpayers for recap effort... SICK

Spitzer's picture

doesnt mean the ECB will want to do it.

The ECB wants dollars becasue they refuse to print Euros

s2man's picture

Let's start our own rumor:

ZH announced today that all of its members are in discussions to refuse participation in bank bailouts.

There, that should drop the market by at least 2%.


heatbarrier's picture


OK, that's Rescue Plan #42, Tyler.


How about this one, Rescue Plan #42B?  Codename: Hailmary


IMF steps up support for Europe

Fund offers to buy region’s sovereign debt

goldbu11's picture

Buy the rumour, sell the bullshit......

slewie the pi-rat's picture

but there's so many rumors, we're running outa bullshit to sell!

welcome to zH!

slackrabbit's picture

I still say that Tonga is going to bailout the EU, and Fiji is going to recapitalise the US!

Untill I hear public denouncements from their respective governments, I belive its true.

Also I am going to sell my gold, and buy Dexia - I tell you, that thing is going to the moon! 

Now... crack pipe anyone?

Tsar Pointless's picture

"it is incredible that we actually expect anything from these disparate states, let alone rally on non-news"

It is even MORE incredible that we let these people stay "in charge" of us.

It is even MORE incredible that we don't just toss them out of their plush little offices and off of their corporate-owned but publicly-funded private airplanes and tar, feather, and hang the entire lot of them. All of them.

With respect to Don Henley, I'll paraphrase one of the lines from The Eagles song "Get Over It":

Let's kill all the lawyers AND politicians, and let's kill them tonight.

Dick Darlington's picture

And one more denial of IMF's Borges voodoo magic


IMF isn't contemplating market involvement with EFSF Wed, 16:59 05-10-2011


What a SAD (and insolvent) world we live in...

Temporalist's picture
European Nations Face Downgrade, Moody’s Says

"Moody’s Investors Service followed its three-level downgrade of Italy by warning that euro-area nations rated below the top Aaa level may see their rankings cut amid contagion from the region’s debt crisis."



LookingWithAmazement's picture

IMF calls on Europe to recapitalize banks for 200 billion euro. They'll do it. Problems fixed, euro survives, banks alive, no Armageddon.

DosZap's picture



Great news!!!!!!!!!!!!,does this mean you won't take anymore American Taxpayer funds(that we do not know about??).

Since it's a Eurapeeeing issue..

Wolf in the Wilds's picture

And now the IMF has this to say about what Borges has been talking about:


Mr. Antonio Borges, Director of the International Monetary Fund’s European Department, issued the following statement today in Brussels after remarks at the launch of the Fund’s latest European Regional Outlook report:

“Let me be clear about some earlier comments I made.  The Fund can only lend its resources to countries, and cannot use these resources to intervene in bond markets directly. We are lending to several European countries that have asked us for support.  We do not have any additional requests for support from European members and we are not contemplating any market involvement with the EFSF.

“Any alternative lending modalities to what we do now would require a different legal structure and the use of a different source of financing. We have not discussed these issues with our membership.”

All I can say to all this is WHAT THE BLOOCY F**K!

disabledvet's picture

I didn't know Victor Borge was still playing and making us laugh. Some talents never fade...and he was...and still is! of the best.

AldoHux_IV's picture

It's laughable how we the markets forget about the severity of the problem and are willing to melt up based on rumors that once again do nothing to solve the problem.  In all the analysis and statements, nothing addresses the solvency issues of these sovereigns/institutions.  The liquidity needs being addressed by these insolvent countries is a joke-- where will the real money come from? Funding and bailing out these black hole institutions we call European banks won't change the fact that the EU countries are far too indebted and won't be able to grow themselves out of this debt.

The headlines of rumors are once again piggybacked on technical nuances of the market to once again give the illusion of validity behind insane policies.

Shvanztanz's picture



In Germany, the number of likely votes for the bankruptcy of the heavily indebted Greece is increasing, since the ruling Christian Democratic Party supports a contingency plan prepared by the Ministry of Finance to confront the implications of the bankruptcy of Athens when it occurs. Minister of the Economy, Phillip Roessler raised pressure aimed at organized default procedures. 


An official with the Bavarian Christian Party, the third partner in the government of Angela Merkel, called for Greece to exit the European Union for a period.


Berlin has increased pressure on Holland and Slovakia to pass a law to expand the powers of the European Rescue Fund, that the German Government sees as capable of keeping the Greek bankruptcy under control and to control its repercussions. 

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