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Pasok Throws A Monkey Wrench Into Coalition Discussions
As reported in the previous post, the Greek PASOK party of former PM G-Pap may have thrown a grenade into coalition discussion, following an announcement by Katerina Diamantopoulou that Pasok will not join into a coalition government with ND unless Syriza also joins said coalition. Which Syriza stated moments ago it would not do. The question then comes whether ND can form a government (150+ seats) with any of the other remaining parties (up to and including neo-nazi New Dawn or the communists... why is there no Pirate party in Greece?). The answer is most likely not, but not before some serious horse trading shows that the second Greek elections has achieved nothing, and the world now has to look forward to a 3rd Greek election round, some time in August, and then another, and then another, until no more assets are left to be plundered from the state which will have no head for a long time. Incidentally, just as we predicted on May 3 in "Previewing The First Of Many Greek Elections"
As summarized by Keep Talking Greece:
Next Question: What government?
- PASOK official Anna Diamantopoulou said that PASOK would not join a coalition government without SYRIZA.
- PASOK considers citizens have downvoted the party’s policies therefore it can not join a pure ND-PASOK government.
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Maybe the rally will last a little bit, because we know both Pasok and Germany will yield.
3rd time's the charm!
Election time agn and we haven't even finished counting yet
Fucking bullish.
Socrates must be rolling over on Plato.
"I'm just the fly in the ointment Hans... the monkey in the wrench"
~ John McClane
Why is there no Pirate Party in Greece? Because all the plunderin' be done by Euro scallywags...arr
So much for democracy; now we're into anarchy.
They both knew the game well. Players to the core.
Only if it means they won't print more EUR.
I predict global banking interests win 51% of the vote.....regardless of who wins.
which bankers puppet Party would you like to vote for Sir, this is a democracy afterall
Quite beautiful really. The pinnacle of Hegelian dialectic. Oh the pageantry and theatrics that ensue, from the one source you never knew. And in the end you're far from then, and all you know is untrue.
At least untill there's still money... Untill wednesday...
So if your paycheck doesn't arive early by than... You can wait a bit longer... Like... Forever...
watch spanish bond yields go schizo and SP levitates. i can't stomach any more of these anti-market con games. every time there needs to be a reset since 2008 bad data comes in and all turns bullish. now greece can keep doing this knowing full well that no resolutions and no consensus is significantly more effective gambit. the patient refuses to take his medicine and yet somehow continues to live on, diseased, but still somewhow alive. fucking hopium miracles abound!
Fuck em ' Let's wait for Benny and see what he says and go with the "Flow" VD
the flow hasn't ceased for while now + zirp etc etc the fed has broken the law and broken the markets simultaneously. like i wrote before: a "private" central bank with board elected by presidents, yet that isn't a public entity though has a dot gov url and derives profits from the treasury which is gov and pays out the gov and yet also manages to cntrl+p (which is not it's mandated function -- it's the treasury's) has basically destroyed the markets and perverted the interest rate such that it no longer functions as an interest rate, but, rather, as a big biz and big government (liquidity/debt/toxic derivatives/etc) subsidy rate and synthetic liquidity multiplier. thus this allows banks to no longer be in the banking biz! and those toxic derivatives and CDS's from said banks? well the fed bought not an insignificant amount of those to hide in their own shadow books! from corporate tax-payer saved shadow books to private/public central bank fed reserve shadow books!
the fact that even the profiteers and politicians aren't disgusted by all of this flagrancy is quite amazing and yet "never underestimate the greed of the other guy" -- these people are worse than drug dealers -- at least drug dealers don't pretend.....
i believe it was ford who said the the american populace knew how wall street operated there would be riots in the streets. well, today folks, enough of us ZH's know....yet the sheeple can't be bothered.......
This is horrible for risk. No market crash means Ben's helicopter stays in the hanger and not much more he can say other than we're ready when the pain comes back. But here's the question, will the dope addicts of the World intentionally hurt themselves for their next FED\ECB hit?
It's back to cash for me. With a bit of media spin and a hint of easing talk from the Fed the algos can run the new trend lines up to new highs. It can't last but I suspect we have a month or three of Market Madness coming to us. Patience all, the end is still coming.
It might look bullish when ES is down another 40%.
God, its like waking at 2am with tooth ache, it will never go away no matter what you do
Cloves in hot water, swish and spit.
.357 to the temple, cock and squeeze.
Seems excessive.
The more things change...
...the more they stay the same...
;)
war is peace
freedom is slavery
ignorance is strength
And silver is... Silver.
Silver is a genteman's money.
easily lost for love of lady.
Thank god for the Greeks, entertaining the world with their comedy.
Pity they don't charge us for it.
"Pity they don't charge us for it."
Don't fret too much, we're all going to pay.
Someone just pull the plug already!
ND form a government with New Dawn? Seriously?
Syriza is a fucking "BOSS"
if he joins ND ill be disappointed
You do realize Syriza is not a person?
"...if HE joins..."
Anyway, Syriza is not a boss, just another shill party. This is all for show.
No political party will come to power in [insert EU country] unless it supports the basic programme of the eurocracy. Same here in the US with the Republicrats. All your parties are belong to us...doncha know.
Muddle through starvation style, not much difference than here...
actually the best result is no Govt is formed
Govt's destroyed Greece enough already, i've a feeling the electorate are voting tactically so no Govt can be formed!!
Zero Govt: the brightest policy from every angle for society
As I recall... Belgium hasn't had a government for as long as most people can remember. Doesn't seem to have mattered much.
I'm not sure exactly how the system works in Greece or Belgium, but I'd imagine that in the absence of a government, the basic business of government (e.g. borrowing more money) still gets done, no? And the taxes still get collected? And the police still get paid to brutalize the people, etc?
If so, then, yea, who cares.
Wait a minute... if ND can't form a coalition, doesn't Syriza get a chance to then try and form one? I may be confused, but I thought that was the process the last time around.
.... in 3 days IIRC
Short answer: Yes.
Longer answer: Greece is fucked one way or the other. People like Tsipras (left-wing Syriza Party) are better off sitting on the sidelines and screaming than actually having the responsibility on their shoulders. Had he been elected, his political career would be over in abut 6 months when everyone realized (including himself) that he couldn't do squat. The only reason a ND government may be better than the leftists is because there is greater chance for some type of flexibility on behalf of Europe. No matter what the leftists say about renegotiation etc., it is the exact opposite that holds true. If anyone can do it, it is those that are the "sure bets": ND, Pasok etc. The left would push much harder and be met with much less good will. Judging from the way the Greeks have "run" and managed things until now, it is not odd to place very low chances of success if they had tried to go it alone.
All this having been said, if they can't save Spain and Italy, Greece no longer matters. We are probably discussing a moot point.
they do get the chance but with KKE not joining any government, and golden dawn and Independent Greeks not considered for a coalition, syriza cant get enough percentage to govern
While I do see a new day dawning, it is definitely not golden.
golden dawn are a peculiar kind of clown. i think it's good that they're in parliament, though - another joker in the deck. KKE has been the same kind of crackpot in the house for decades.
The S & P 500 has rallied 14 times off the "Greece Fears"
This time will make it 15.
And how many times did it sell off on greece fears?
Well it would bounce right back up the next day, so it didn't really sell off AT ALL did it?
ahhh. An ND fucker
http://www.guardian.co.uk/world/greek-election-blog-2012/2012/jun/17/gre...
The official projection figures for the election have now been announced by Greece's interior ministry. Greek pollster, Marika Lambrou, said this:
There will be seven parties in the next parliament, as was the case on 6 May. There will be no upset in the order of the parties but there has been a "considerable increase" in the number of votes for the two leading parties.
Lambrou said that the figures were unlikely to change but there would be continual flow of results as they arrive.
No other parties gained the 3% threshold needed to enter parliament.
Wow. As anticipated by the markets. Next up, the Fed.
thxz El!
antonioSam + gPap (V-man)?
128 + 23= 151 [bacardi bingo, BiCheZ!]
who coulda node? the EU better be careful: gPap looks pretty handy w/ that filet knife to slewie...
So no decisive victory then? Contrary to the old canard about the "Market" not liking indecision, then will somehow be spun as bullish.
All the other parties need to unite and tell ND to go screw a goat.
No no no no...
That's the Arab solution.
Let's not get our xenophobia mixed up here.
The Greeks are more in tune with sheep now, anyway.
(Not to take anything away from the wider American populace.)
When the results are coming out? how long will this one take?!
right now, slewienomincsTM indicates to about 5-10 minutes past 2moGoats + 2moSheep
2moG + 2moS + 5-10 = T0'fishlD0'truth(unaudited)
syriZZZa will not join this goobermint of the two collegiate college roomates: antonioSam & gPap
even greek politics don't lead to that bed, fellow strange-lovers
and gPap, still holding power, now speaks for greece here: there will be no goobermint [today], BiCheZ!
obviously syriZZZa is completely irrelevant b/c it did not "win" b/c gPap sent enuf cross-overs to antonioSam...
the ball was not in greece's court anyhow, and tyler sure went out on a limb calling for many elections! who would dare to say that of the US or india? Hahaha!
greece can form a goobermint, but it is not indicated given what we can see right now coming their way from the EU (angela); so yes, most likely another electionand another plurality and another possible goobermint, but...
this isn't up to greece; it is up to angela; and angela will not speak with anyone except slewie at this point
who can blame her?
I'm sure the camels are happy to hear they're not being targeted for a good fucking.
... by something other than another camel...
I assume you mean.
Correct. Sorry I didn't clarify that.
ha ha ha; Pasok upto the hilt, the Oligarchy and sham people's shills. They will do anything to get a piece of the pie; as long as Germany pays, and they are right. German and french banks; that is what this crisis is about and of course Pax Americana banksta cabal; over and above the Euro shit cloud.
Now lets see who grabs whom by the cojones in this race to bottom !
Where's that good ol' 300 spirit you weasly Greeks? I guess there is no spartan blood left in your veins.
Here is what you need to do to the next EU envoy (banker) sent to Greece:
http://www.youtube.com/watch?v=eZeYVIWz99I
3rd time is not the charm, 100th time is not the charm the charm is hunger. Sorry it is that simple, nothing else will motivate the fools sitting in front of their plasma screens, nothing.
All of this is smoke and mirrors, are you amused? Are you amused because that is all this is, pull back the curtain and relax..
Euro up about 100pips as of few minutes ago
Now that's hilarious.
http://www.spacewar.com/reports/Greece_okays_Dutch_tank_ordnance_order_d...
Greece okays Dutch tank ordnance order despite debt crisis
Greece, mired in debt, said Friday it had ordered tank ordnance from The Netherlands worth 13.5 million euros, two days before a historic election that could determine its place in the eurozone.
In Greece, there's always (bailout) money for arms dealers...
Maybe the Greeks will be send out as the european mercenairy army to fighht in Iran and Syria?
Would make sence now. We supply the money, they supply the meat!
You don't want to run out of tank ammo in a currency crisis.
I understand there are some sturdy old stone buildings located on a hill in Athens that are ideal for storing ammunition.
You must learn the Greek word KOLOTOUMBA.
It means tomorrow Pasok will be forming a gov't with ND.
Is that anything like - Kumbaya ?
Maybe Greece should write off the government AND the debt. Maybe other countries should also...
They will stall on doing anything and fall into the abyss.
Chaos will rule and they will blame everyone else for their misery.
Maybe even try guilting the US into handout.
The EU would have been better off if they had suspended Greece from the EU.
This "in or out" shit just causes panic.
"The EU would have been better off if they had suspended Greece from the EU."
From what I have read elsewhere, there is no official mechanism to kick a country out of the EU. They have to leave voluntarily.
And it would have been in the long term best interest of the Greeks and, for that matter, the rest of Europe and the world if they'd elected someone who would have had the nuts to tell the banks, "90% haircut or nothing, that's your choice." The current system of governments spending more than they bring in in revenues is unsustainable and it would be best for the citizens of all indebted countries to default on debts now rather than spending huge sums in a fruitless attempt to prevent economic contraction by bailing out the banks for the stupid loans they never should have made in the first place. To do so results in the citizens paying twice, once to bail out the banks and again as the inevitable contraction occurs. Because it isn't a choice between bailing out the banks and not getting that contraction or not bailing out the banks and getting that contraction. Mathematically, the contraction must occur either way.
There was no "official" way for bailouts either, they make up the rules to suit themselves.
And panic is a damn valuable commodity if you know how to exploit it. ; )
RIIIGGGHHHTT, a big fat monkey wrench.
So, how long does this act go on before we just get back to business as usual?
Diebold can ALWAYS be programmed to barely win elections so as not to make it look too obvious. The real question is whether or not the people accept the outcome of the election or recognize it for the obvious fraud that it is should pro bailout parties win. Greeks aren't pussies like Americans and Irish so my guess is that shit will burn either way.
Yes, shit will burn, and then the idiots will vote in another socialist party, maybe cheddar flavor this time, or BBQ.
...not to pick on the Greek idiots, it's the same everywhere.
Finally PASOK will join New Democracy and form goverment !!!!!
*
Samaras doesn't have a moral mandate, but he has what's better - he has the Merkel mandate. "Coalition of the willing" coming up in 3.2.1...
There in a Greek Pirate Party. It is at 0.22% at the moment.
Arrrrhh! Let's have a victory celebration... Arrrhh!
At least pirates are honest about their theft.
There's madness and then there is Europe.
Using a bit of logic, it's hard to imagine Bernake & Co will prime the pump again, assuming the markets do the rocket ride higher to celebrate the avoidance of Greek departure from the EU. But then again, using logic in this crazy market can vaporize your money rather quickly.
We live in very interesting times.
I wonder how many non-Greeks voted in this election...
Very few non-Greeks, but many dead ones.
I'm sure the entire worldwide staff of Greekman Sachs got to vote regardless of where they are located in the world, and it doesn't matter if they are Greek citizens or not.
There's only one option left:
http://www.lesvos.com/ouzo-ermis.jpg
Ok maybe 2:
http://shoppingreek.files.wordpress.com/2010/02/ouzocandies_375g.jpg
3?:
http://1.bp.blogspot.com/_I2KlyEZ4-dY/TJcjtIh_cTI/AAAAAAAAFCM/zmqnCNDIzA...
Quelle Surpise! An indecisive outcome as ZH predicted. Well they run out of funds to pay salaries and pensions by Wed and then there's the 5.9B EU bond redemption next month so things can and will get much worse.
Greeks better roll up their sleeves and get to work-privitize the solvenly government enterprises like the rail and power companies and live within their means. (LOL) They can use the barter and cash system meanwhile as their underground economy is likely larger the the official one. Learning to live without credit will be a sobering experience. And the public sector unions have to go. They need someone like Gov Walker or Christie to run/downsize their government.
According to sources, PASOK has reversed course and will look to participate in coalition on Monday... No one could have predicted this...
According to sources, PASOK has reversed course and will look to participate in coalition on Monday...Monkey wrench officially removed
This is a Ponzi .... think about it.
its paper money and the banker are getting more and more every turn!
Problem will start when people think it means something... so they will start killing each other.
I heard one guy in Ireland say not each other look up to the top for targets, the police are just boobs!
Max Keiser is right more than he is wrong.
http://rt.com/programs/keiser-report/episode-301-mah-keiser/
http://rt.com/programs/keiser-report/episode-302-max-keiser/
Or the USA thinking two party's works or voting works. I love the answer if you don't like the laws vote!
My question F**ing who... screw you black or screw you white?
Look at the numbers. Trickle up seem to have worked as planned, it your not in the Upper .05% has your life gotten better? in the last 25 years?
I am off to Cambodia..
Fuck it
Smellin' a bit manipulated to me - now wouldn't that be a SHOCK!!!??
J0nx seems to have nailed it.
Exit polls totally reverse of the claimed outcome - Odd indeed.
greece ping spain pong greece ping spain pong...
Who is this New Dawn party you speak of. Oh you mean Golden Dawn.
What about the Slapping / Water Throwing escapades of their 2ic against the socialists and communists last week.
The slapping was well received as Golden Dawn maintained it's 7% share.
I have a solution. Xena Warrior Princess for Prime Minister! She's Greek and she kicks ass.
But she would have to talk Lucy into going too.
(Would she? - Yes she would - Why? - They go everywhere together...)
You know. I have never seen Lucy Lawless and Xena in the same room together. I wonder........
So - media is beginning to paint this as a "Euro is saved" moment, or at least a "Greece gets to stay in the Euro" moment.
About 1 week from now, I expect the markets, then via the force of boot to arse the politicians to realise:
1. Its an unstable coalition
2. Its the same old faces as before
3. The new Syrisa party doubled its vote in 30 days and will stay out of the coalition - so will benefit from the fall out politically
4. The austerity will be eased talk from the Germans is simply to cover the for the fact that the austerity for Greece is only half done
5. The same old faces have failed on the first two bailouts already
6. Greece will need a third bailout shortly to stay in - due very soon
6. Greece will need a third bailout shortly to stay in - due very soon
long before the next election and probably b4 the end of next week...
Hate to bust everyone's bubble but I just read that the Syriza leader announced he will join the New Democracy party. Oh well that should be bullish.
hate to ask you for the link, asswipe...
Slewie sorry next time I will provide the link. I read it in the German news. I now know how to link. My son showed me how. Sorry.
Hell, they'll need a bailout just to keep voting.
gyro time
I knew the Euro was headed up big on Monday. /s
Time to buy euros
Breaking News:
Steve Liesman has just taken delivery of secret CFR pigeon scrolls outlining tomorrow’s EU media spin.
Steve, this is how we see you reporting daily news! Becoming a Chief Communist financial advisor for GE must have its perks?
Benny hill slapping old man
I am amazed that we are here again...1 year ago, every day the market watched the events out of Europe, will they bail out Greece? Will Greece stay in the EU? After pouring in trillions of Euros, to be back here less than 12 months later, how is it not obvious to all involved that this is not working? So they (narrowly) voted to keep doing the same things they have been doing since the Euro was formed, does this change anything? No, but I am sure this time will be different because the Greeks will stay the course on the austerity plans keeping their deficits to a strict 8.9% of GDP along with Spain, Portugal and Spain running equal deficits. The end is near.....
.... my only friend. The end .....
EUR up
AUD up
ES open soon, it will probably be up.
This Greece thing was nothing but an excuse to whip traders up into a complete hysteria so financial networks could build ratings.
The bull market will resume on Monday.
I'd buy that if the ratings and trading volume actually collaborated that. Both are at record lows.
So question really is what markets? They are completely broken and trade on QE hopes and the various other types of CB injections. Thats all markets have traded on since 08'. Greece is just noise.
L0L!!!
front-running R_T = 2 boobs in yer back, jack
The EUR/USD has gapped up. Currently 1.2702
One other question I have is, is anything negative for the US stock market? Good economic news, S&P up; bad economic news, S&P up, interest rates up, S&P up; interest rates down, S&P up; US Dollar up, S&P up; US Dollar down, S&P up; commodities up, S&P up, commodities down, S&P up; Europe blowing up, S&P up; Europe keeping status quo, S&P up.
What would be negative for the S&P 500? Apparently we have entered a new age where stocks go up now matter what happens. It reminds me of the end of the Nasdaq in 2000, the end of South Florida housing in 2007 and the oil hitting $140 in 2008. Each time no matter what happened those markets kept going higher and higher...until they didn't.
Well, presumably, if Greece ever gets their act together, the markets will crash.
http://covert.ias3.com/expose/
Rally warning continues...
SPX bullish daily chart strengthened further on Friday & more rally expected.
DOW initial target approx 13,170 & more upside after that.
MORE:
http://www.zerohedge.com/news/2012-12-24/market-analysis
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