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Meanwhile In Greek "Coalition Government" News... Or Goodbye G-Pap, Hello L-Pap?
It appears we may have hit a modest coalligned snag:
- GREEK MAIN OPPOSITION LEADER SAMARAS REPEATS CALL FOR ELECTIONS
- SAMARAS SAYS PAPANDREOU REFERENDUM GAMBIT MADE MATTERS WORSE
- SAMARAS SAYS PAPANDREOU REFERENDUM GAMBIT BLOCKED 6TH TRANCHE
- SAMARAS SAYS ASKED FOR TRANSITIONAL GOVERNMENT
- SAMARAS SAYS ASKED FOR PAPANDREOU TO STEP DOWN
- GREEK PRESIDENT TO SEE GREEK MAIN OPPOSITION LEADER TOMORROW
So according to Europe a cabinet between the socialists and the right wing populist LAOS (to be politically correct) is still considered satisfactory? And even if G-Pap does step down, which we still believe is highly improbable, who will be he replacement?
Say hello to L-Pap, the lateset Fed puppet in Europe
From the Telegraph:
Mr Papademos, 65, is a widely respected figure in Greece, with a strong background in both academics and finance.
Educated at Massachusetts Institute of Technology (MIT) in America during the 1970s, he holds a degree in physics, a masters in electrical engineering and a doctorate in economics.
A distinguished scholar who has published papers on macroeconomic theory and policy, Mr Papademos has held academic positions at Columbia University, Harvard University and the University of Athens.
After a stint at the Federal Reserve Bank of Boston, Mr Papademos joined the Bank of Greece as Chief Economist in 1985, rising to the position of Governor in 1994.
During his time as Governor of the national bank, Mr Papademos was involved in Greece's transition from the drachma to the euro as its national currency.
In a speech made at the Euro Information Conference in 2001, he praised the euro for shielding small economies from the "exogenous shocks" that emanated from the September 11 terrorist attacks in America.
Mr Papademos argued the euro ensured price transparency and increased competition, concluding: "The macroeconomic and microeconomic benefits for Europe and Greece from the introduction of the euro are numerous".
And last but not least, he has been a member of the Trilateral Commission since 1998.
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if you have seen one pap, you have seen them all........what does it mean to be a greek?
In Paps we trust!
I never liked Paps Blue Ribbon Beer.
PBR on tap is pretty god stuff-has to be ice cold though.
There's no such thing as a good American beer, it's carbonated lake water.
All this bad global headline for the embattled Mr. Papandreou has precipitated an angry response from our favorite Greek since Odysseus and his wooden horse:
"This is a Pap smear !"
".....has to be ice cold though."
I think that's because it needs to numb your taste buds. That stuff is dreck.
How ironic
All Paps will be smeared
"Who's your Pappy?"
"Hi, L-Pap. Nice knee pads. When do you expect to enslave your nation to the Fed?"
Hilarious
http://www.youtube.com/watch?v=x43dCWkDWFU
Indeed, super-hilarious one-minute musical video you link here, with its lyrics to the tune of Falco's 'Amadeus':
« ... But Papandreou didn't give a shit, and then he said
'I'm gonna hold a referendum about this deal of yours'
And then the leaders of the Eurozone said 'F-ck you Papandreou' »
---
It seems to me the Greek people will truly resent not having the referendum held.
Maybe this was a secretly courageous, clever, bold move of Georgios Papandreou, the very fact that he put the referndum issue out there, however briefly.
Though Papandreou knew perhaps the forces opposing him would frustrate him in the short-term, and maybe even boot him out of government quite quickly, perhaps Papandreou, in his deepest heart, knew that by merely having 'there will be a referendum' out there for a day or two, he would set in motion forces of revolution that could not be stopped. I can't imagine the Greek people sitting quietly about this.
George Papandreou is criticised for his waffling, but I am going to keep an open mind about his motives. Given where he is, and the forces ready to destroy him, maybe he did the maximally most clever thing he could do for his people, and maybe Papandreou will turn out to be the hero who lit the match for the european democratic revolution of 2012.
---
BTW, great username ... 'Damn it, Jim, I'm a banker, not an economist!'
+?
Last week of Eurodrama BS rumor mill perfectly summarized via rap.
Brilliant!
What are trying to say Tylers', that an edjumikayshon is "just" paper too ?
Unless it comes from Columbia and Harvard. Combined with the Fed and Trilateral Commission, it becomes a license to be dick-tater....
Off-topic: The vice-chairman of Goldman Sachs just did the most outrageously self-serving interview about Greek debt and the Erozone with Neil Cavuto on Fox News. To summarize, no discussion of GS historic role in the Greek debt situation, no discussion of GS CDS/derivatives exposure to a Greek default, so his position was "there is no turning back now" on continuos bail-outs of Greece and continued membership in the EU.
I saw that too. What complete BS. Full steam ahead. Enslave all. We can turn back not. Some may fall off. yadda
... you had me at "trilateral commission" ...
L0L!!! me too, er,... three
nice lats, tho, on the MIT academic guy. all 3 of them. where did g-pap go to skool? according to wiki [George Papandreou - Wikipedia, the free encyclopedia], he was born in the USA and holds degrees from amherst and london school of economics
soooo,...g-pap may be better @ handicapping the horses?
in somewhat related goobermint financing bullshit, doug noland's weekly wwwrap.+^+ [PrudentBear] speaks to the elephant in the EU parlor, ITA financing (paste):
Italian yields jumped 16 bps today to 6.35%, tacking on another 34 bps for the week. The spread to bunds surged 69 bps to 453 bps. One is left pondering how the Italian bond market would have fared had the ECB not surprised the market with a rate cut and not continued to aggressively buy Italy’s debt. Tuesday from the FT: “A trader of Italian government bonds said: ‘It was meltdown at one point before the ECB came in. There were no prices in Italian government bonds. That is almost unheard of in a big market like Italy. There were just no buyers and therefore no prices.’” (end paste, my emph)
as we mere mortals continue to prate on about prices and trends in "markets", are we not just playing the over/under on a timeline of when the goobermint bond marketing and sales departments go bidless, which might have been accomplished already were it not for the stalwart efforts of the clowns aboard the s.s.partisan-poli to keep figuring out new shell games to keep themselves (and many of us, sadly) financed and eating delicious food and snacks---like popcorn, BiCheZ?
incidentally, Antonis Samaras who is the leader of the major conservative party, and main opposition party to George Papandreou Panhellenic Socialist Movement (PASOK) party, which was lead by 3 generations of Papandreou in a dynastic fashion, is also a graduate of Amherst College in 1974 with a degree in economics, and a graduate of Harvard University in 1976 with an MBA.
A remarkable concurrence of events or circumstances without apparent causal connection you said?
moi? where?
yes, and according to the wiki link i provided, g-pap & samaras were roomates in college...
...not that there's anything wrong w/ that...
Except when you are Greece and deficits and defaults are inevitable and the need to devalue your currency perenial.
Goldmans Sachs are turning out to be Global Vermin.
Think of the magnificience, the enormity of the crime.
That Goldman is Merely Rothchild's Tool.
(sigh)
Euro =Moe. IMF =Larry. G-Pap =Curly
Curly just gets slapped, poked in the eye and bonked. But he gets them in the end. Gnuck Gnuck.
Now that's a true Pap smear! I'm sure Uncle Ben and Timmy will be mightily pleased.
all of Papa Demon's info is here
http://www.hks.harvard.edu/about/faculty-staff-directory/lucas-papademos
and this from Vox a couple of weeks ago where he lays out his view of the Greece/EZ dynamic
http://voxeu.org/index.php?q=node/7161
IMO, it doesn't matter if Greece and even Italy leave the EU....The PIGS countries don't want to work and those working aren't paying taxes.....I think Germany is worrying too much about the dissolution of the EU as well.....With no natural resources, Germany is Europe's power house. For me the German formula is simple: build the best cars in the world and cater only to rich people. No one will stop buying Benzes or Beemers or Audis or Porsches because the mark is back and stronger than ever.
Mercedes enjoys the greatest brand loyalty in the world even after they hosed every S class buyer during the late 1990s with shoddy build quality....Well they had to make up for the Chrysler purchase somehow, right?
With the slim majority G-Pap achieved in the confidence vote I would give the coalition a slim chance of success.
and here we have Papa Demon and Trichet synchronizing their watches
http://www.consilium.europa.eu/uedocs/cms_data/docs/pressData/Pics/photo...
Are we now to expect a REVERSE KNEE-JERK market reaction on Monday?
Sorry, knee jerks only go in one direction. All the reverse movements are being saved up for the big Ka-Blam. 5, 4, 3...
Call it a "Hyper-Extended Knee Jerk Delationary Ka-Blam"!
Don't see how his doctorate in economics might help since it didn't help the other so-called experts coming up with any valuable solutions or ideas.
However I see great potential in his electrical engineering knowledge so he can electroshock some politicians back into reality. :)
All that's happening is predictable, as there are 7 stages that every major economy goes through. Those who know how it works profit & massive wealth is transferred to them. Several months ago I learned this information from a millionaire whose site I found & am sharing it with everyone I know.
His free video
"How To Create Incredible Wealth in Today's Economic Crisis"
is at:
http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bi...
Hope this info helps everyone as much as it has me.
Dr. Nancy
Pay back for burning troy.
Tards!
His resume disqualifies him from any position in government except science. Of course he makes all of our presidents except Carter and Clinton look like morons by comparison.
and so,... the greek alphabet moves [L-Pap via G-Pap] onward and upward, "a jack-of-all-trades - master-of-none"
how apropos,...
Schroedinger's Pap. He is and he isn't Prime Minister.
One theory is that the EU is pressuring G-Pap for a coalition government so as to secure 180 votes in Parliament, which many see as necessary in order to vote for (what some call) the handing over of Greece's sovereignty, which is part of the "bailout" deal. If it doesn't hit that magic number, I suppose the next government will have an easier time of saying the deal is not binding.
Thats the problem with playing at the edge of a cliff, sometimes you can't take into account the accidental wind or cliff edge falling down into the abyss. Those are acts of nature or god or to be blunt the blackswan event. You never know what could happen and when it does your always caught off guard not by the destination but the thing that enabled you to that point.
look--
l-pap is an interesting choice..but he will have to get Samaras 'blessing..
so someone will ultimately have to strike with Samaras or else he'll be the one to press the detonater
This TriLateral Commission you speak of is VERY EVIL .and is not even known about by MOST americans and sheeple of the world.
This commission tells the White House what the plans are.
A bilderberg group if you will.
Fuck You's CFR members and they day you's are "disappeared" the better off the world will be.