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Pasok's Venizelos Says "Greece Has A Government"

Tyler Durden's picture


And off to largely irrelevant Greece, where former minister of virtually everything Venizelos has just announced that the country has a government.


He adds that the key issue will be to form a bailout renegotiation team. In other words we have merely days before Germany says no in Greek and it is back to the drawing board for the beggars who almost could be choosers.

More from Bloomberg:

  • Says ND, Pasok, Dem Left will take on burdens; caretaker finance minister to go to Eurogroup
  • Greek party leaders to meet Finance Minister Zanias tonight
  • Venizelos says EU summit will be battleground for bailout talks
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Wed, 06/20/2012 - 07:33 | 2542438 Boilermaker
Boilermaker's picture

Just in time to pump the hell out of the future before the open!

My favorite!!!

Wed, 06/20/2012 - 07:41 | 2542456 bonderøven-farm ass
bonderøven-farm ass's picture

Damned parasites......

Wed, 06/20/2012 - 07:43 | 2542457 Ghordius
Ghordius's picture

strange, I would have bet on Greece going through a third election round, as they did very often.

Wed, 06/20/2012 - 07:59 | 2542482 Cdad
Cdad's picture

Brother Boiler,

You should be happy about this.  An up market open today will be a great opportunity to sell those things most vulnerable to deflation.

Wed, 06/20/2012 - 07:33 | 2542439 Fips_OnTheSpot
Fips_OnTheSpot's picture

Check this:



Wont last even the summer... hot & bloody streets.


bring in the cam and the dog.

Wed, 06/20/2012 - 07:57 | 2542480 GeneMarchbanks
GeneMarchbanks's picture

All these statistics show that ND and PASOK were mainly voted by farmers, pensioners and people who live in the rural areas. On the contrary, cities and younger people voted for Syriza. Does that mean that Greek society is polarized? Not at all. For the first time in the last 40 years, the supporters of the winning party did not go to the office headquarters to cheer. It was obvious that those who voted for ND and PASOK did it out of fear, not from hope. Fear was ND’s main campaign tactic– fear that if we say now we will be doomed forever. Propaganda was more effective on the gullible– the elderly, the less educated, those with restricted access to independent sources of information other than corporate media. That shows that this government will not be stable nor will prosper.

So let's just say it's generational. Those pensioners and older generations won out. Fear rules.

Wed, 06/20/2012 - 08:13 | 2542509 ThirdWorldDude
ThirdWorldDude's picture

Actually, they didn't even win. The 3 party coalition government has been voted by 48.2% of the electorate. It's the "50 extra seats" scam that gives them majority in Parliament. Quite an example from the proclaimed cradle of democracy, huh?

I give them 2 months max. Cue the riot dogs!

Wed, 06/20/2012 - 08:09 | 2542495 Benjamin Glutton
Benjamin Glutton's picture

The queue for handouts from the Cretan farmers organisation included native Greeks, immigrants, the elderly and children. All were happy to receive the help but some said it was still too little.

"They have to do this more often. Doing it every now and then is not enough because we are continuously sinking," said Andreas, a pensioner, who did not want to give his last name.

Peggy Moschona, a 55-year-old pensioner, called the country's current situation "terrible."

"We are constantly paying taxes. They are cutting pensions. The situation is dramatic and as time goes by, things will just get worse," said Mrs Moschona while standing in line to receive a box of produce.

Related Articles

"Although I am optimistic, I don't think I should be."

56-year-old Eleni Moschidou said she lost her administrative job at a law office in 2010. She and her three adult children are all unemployed. Once able to provide a comfortable life to her family, she is now amazed at what she has "sunk to" because of her financial situation.

"I have never done this before," said Mrs Moschidou after receiving a food package. "I have never lived through this before. This is the first time and if needed, I will come back for whatever it is I need," she said.

As Greece enters its fifth straight year of recession, 22.6 per cent of the population is unemployed while 20 per cent live in poverty.



Wed, 06/20/2012 - 07:37 | 2542446 harrydog
harrydog's picture

ouzo all round!


Wed, 06/20/2012 - 07:38 | 2542450 bigwavedave
bigwavedave's picture

With talk that Angela Merkel and Antonis Samaras will attend Germany's Euro 2012 quarter final with Greece on Friday, that might be the ideal opportunity to start "renegotiating."



Football Diplomacy?

Wed, 06/20/2012 - 07:38 | 2542451 Azannoth
Azannoth's picture

The Fattest man in politics has spoken! Now shut up prol's

Wed, 06/20/2012 - 08:00 | 2542487 TrainWreck1
TrainWreck1's picture

Nadler would gobble him up for a snack.


nom nom nom

Wed, 06/20/2012 - 07:40 | 2542455 williambanzai7
williambanzai7's picture

Merkel: Stiffed by by the sniffers...

Wed, 06/20/2012 - 07:44 | 2542458 elwu
elwu's picture
"Greece Has A Government"

A non corrupt one this time?Would be a premiere for Greece.

In any case, what can a government do if the public sector is grotesquely oversized, plus corrupt and ínefficient?

Wed, 06/20/2012 - 07:49 | 2542459 Wakanda
Wakanda's picture
Pasok's Venizelos Says "Greece Has A Government"

Yeah, but does that government have grease for when GS comes to call.

Wed, 06/20/2012 - 07:47 | 2542462 blue_yeti
blue_yeti's picture

So all that time, effort and money for three parties that could have already garnered a majority last time round, to now find that they can agree after all on eveything and provide a stable govt.


Complete farce, what hope for any reforms to the ministry of finance 'store room'



Wed, 06/20/2012 - 07:48 | 2542463 sbenard
sbenard's picture

Wouldn't it be more accurate to say Greece has another government, or, better yet, another TEMPORARY government? For today?

Wed, 06/20/2012 - 07:48 | 2542464 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Must be my imagination. I thought Venizelos agreed to conditions for securing the 2nd bailout. Apparently not.

Wed, 06/20/2012 - 07:48 | 2542465 crawl
crawl's picture

So now the drama is extended. The drama to be witnessed is how well and successful will the beggars dominate over the choosers.

Throw in a few riots, verbal threats to fiscally desecrate the EU if Greece was to be kicked out, and you have an interesting summer on your hands.

At the very least, a short lived coalition government.

Wed, 06/20/2012 - 07:53 | 2542472 Dr. Engali
Dr. Engali's picture

"The drama to be witnessed is how well and successful will the beggars dominate over the choosers".


Soon it will be the U.S and China.



Wed, 06/20/2012 - 07:50 | 2542468 timbo_em
timbo_em's picture

So, what's next? Greece is going to form a "national negotiating team" trying to re-negotiate the MoU. The FANG* countries essentially say "Nein" and then the new government fails to deliver the results promised to the Troika.

Alternatively, the IMF pulls the plug the next time the Troika is in town or demands an OSI because the situation in Greece is way worse than the IMF's 'alternative scenario'.

But who cares about fundamentals?

*) Finland, Austria, the Netherlands and Germany

Wed, 06/20/2012 - 07:51 | 2542470 overmedicatedun...
overmedicatedundersexed's picture

IMF; we appoint then you elect em.

Wed, 06/20/2012 - 07:56 | 2542475 Dr. Engali
Dr. Engali's picture

How long before the next election/ Tomorrow? Their seats in the government are'nt even warm and they are already bought off.

Wed, 06/20/2012 - 07:55 | 2542477 nicxios
nicxios's picture

Or Greece has a legal mafia, same difference.

Wed, 06/20/2012 - 08:09 | 2542486 slewie the pi-rat
slewie the pi-rat's picture

what summit?  friday's?

i'll give you even odds this is bullshit and there's no goober today

V-man is just singing for his 2 extra breakfasts, imo

he can sing in 3-part harmony when his pie-hole is adequately motivated to warble

he's great, tho!  when nobody else will touch something with a long pole, V-man is tasting it

antonioSam is reluctant here:  me?   no fuking way, jose!  V-man! get out there and show them how to eat  bratwurst or something, quick!

ok!  i'll be the minister of brats, sam!  you wait till germany is ready to surrender, uncondtionally, again, ok?   then you can get me some kaiser rolls!  and mayonnaise!  see you at the game!  we hafta get the goobermint up by friday, sam,  or they'll make us borrow the money to get into the game...  and eat.. i need diplomatic cover;  i'm not using the public restrooms! 

let's get banzai to redesign some passports with angela ghostbuster EU logo;  how about some coffee and baklava?  no, we won't tell them where the fuking gold is!  i want my check to clear before anyone in syrizZza gets paid;  where did i put that fried chicken?  can we get new cars?  where does anyone get gas these days?  what time is it?  we need new cuff links...  say!  you wanna do lunch?

Wed, 06/20/2012 - 08:05 | 2542491 Debugas
Debugas's picture

has a government but has no money

Wed, 06/20/2012 - 08:08 | 2542494 buzzsaw99
buzzsaw99's picture

Everyone is going to get Greeked.

Wed, 06/20/2012 - 08:20 | 2542530 Roland99
Roland99's picture

They need to bail alright....bail out of the Euro!

Wed, 06/20/2012 - 08:40 | 2542587 LMAO
LMAO's picture

Malaka Venizelos, FUCK YOU and FUCK the Trojan Goldman Sachs horse you rode in on.

Wed, 06/20/2012 - 08:50 | 2542605 Linus2011
Linus2011's picture

Greece does not have a new government. Nor did it ever have one. Just a ruling mafia- and beggar-clan that thinks of itself to be a government.

Basically just criminals that should go down to Hades asap!

Wed, 06/20/2012 - 08:58 | 2542669 sudzee
sudzee's picture

Renegotiations will not go too well. Germany still owes Greece a lot of money:


Wed, 06/20/2012 - 10:16 | 2543150 nicxios
nicxios's picture

I respect Glezos for what he did in WWII. But GODAMIT man, wake up you are being used as a tool for Tsipras and his oligarchal masters!!

Syriza lost the election, the country is in chaos and yet Tsipras dragged you out for a victory lap, all smiles and back slaps. FUCKING PATHETIC!

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