Presenting The Full Greek (Un)Sustainability Analysis - Take It Away German Media
You read headlines that Greece is saved (in a carbon copy release from July 21). Now read the truth behind the lies - presenting the 9 page (so it's brief enough) Greek sustainability (or lack thereof) analysis.
Here is the punchline:
The debt trajectory is extremely sensitive to program delays, suggesting that the program could be accident prone, and calling into question sustainability (Table 2). Under the tailored scenario described above, the debt ratio would peak at 178 percent of GDP in 2015. Once growth did recover, fiscal policy achieved its target, and privatization picked up, the debt would begin to slowly decline. Debt to GDP would fall to around 160 percent of GDP by 2020, well above the target of about 120 percent of GDP set by European leaders. Financing needs through 2020 would amount to perhaps €245 billion. Under the assumption that stronger growth could follow on the eventual elimination of the competiveness gap, the debt ratio would slowly converge to that in the baseline, but likely only in the late 2020s. With debt ratios so high in the next decade, smaller shocks would produce unsustainable dynamics, leaving the program highly accident-prone.
And if the downside case means the country is about to need 100% of its GDP in additional funding needs, the reality is that this number most likely be 200%, bringing the total bailout bill for Greece to nearly 3x its GDP!
Becase wait, there's more: the downside case assumes -1.0% GDP decline in 2013. As a reminder, in Q4 Greek GDP imploded by -7%! Somehow we are to believe that within a year, the country will not only turn around its economy, which is foundering courtesy of infinite austerity and striking tax collectors, but almost generate growth???
The German media is about to have a field day.
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You mean the German media tells the truth, unlike the media in the US?
It's too bad the German people have become pussheepified.
At least the German leaders don't need a teleprompter to speak coherently while lying to the sheeple, like our Brown Clown does.
Well, despite all the naysayers, The Associated Press, that bastion of fine journalistic reporting and parsing of detail, is reporting that this is a done deal, and even that Greece received "$172 billion in extra bailout loans."
Provisional Deal for $172 Billion Bailout for Greece By THE ASSOCIATED PRESS 1 minute agoBullshit!...errr.....I meant....Bullish!
RIsk on! as Joe Wiesenthal would say!
Extra....is that, like, free money or something?
Cool.
When do I get a bailout?
It's kind of like a HELOC, except that the collateral is a nation and its people vs a house, and the lender knows ahead of time that its mathematically impossible that the loan can be repaid, so it's only free for a little while.
Haha! Greece just HELOCed their country! Brilliant.
Let us review the Greek situation.
Using the GM & Chrysler medicine, Greece lenders could forgive most of Greek debts and the Central Banks could just print more funny-money compensating Greek debt holders.
Greece will have a "clean" start and, without accumulating new debts, will solve its problems. After all, the Central banks are printing mountains of funny money every single day. However, this solution would drastically reduce the Zionist Banking Mafia strangulation and enslavement of Greek people. From the Mafia point of view, such solution is NOT acceptable.
the important part about the announcement i think is that the bail out money will be held in escrow until each part comes due, so that the creditors can get the money back if Greece misses targets. Everyone know Greece will miss targets, so this way they can kick the can for maybe 6 more months.
Can anyone tell me how much private Greek debt is being written down and discharged in this deal? 25 Billion, 50billion?
The Greeks must get their guzzling financial inspiration from Bacchus. The God of Whine.
There has been little talk of that the past 5 hours or so. One wonders if they really do have a PSI agreement.
This is a very interesting move in the right direction anyway.
UPDATE: The Republican National Committee approved the resolution exposing Agenda 21 at their Winter Meeting, January 13, 2012. The resolution will be recommended for adoption into the Republican Party Platform at the 2012 Convention. See the resolution HERE. Note: the resolution is the third from the top.
It has been reported that the Republican National Committee passed a resolution exposing Agenda 21 for what it is: a disregard for American freedom, private property rights, and a key player in the Leftist move toward a one world government. Agenda 21 (ICLEI) assaults the very foundation of America. The RNC has not yet made an official statement or released the resolution. We call on the RNC to release this immediately, and we salute the individuals who signed this document.
God DAMNIT I wish Tyler(s) would fix this right margin problem. This is pure SHIT and impossible to read.
"<ctrl> -" (control-minus) doesn't work for you?
We, the Bankers of the World, thank Greece for its starvation and pain. With out them we would not have survived. Now pay up Bitches on leash or suck harder when we command.
We rule you, we own you and you will do as we say or
NO SOUP FOR YOU
signed
Soup Nazi
Did I mention about pouring water into sand - Old age and treachery will defeat youth and skill any Fucking day.
Suck on that
word 4 word
Typical Paulson-type crisis management ... fabricate a "crisis" based on "systemic risk" that will cause financial armegeddon ... then force the private sector to "bailout" the banks and centralized money printers ... all with the total complicity of the MSM ... it's brilliant deception
You're confused LH, YOU get a haircut, it is the BANKS that get the bailout.
Sorry about that.
Aw man, whaaat? Cashed? Load anoother one, maaaan, c'mon!
Henry Blodget let Joe Wiesenthal out of his cage and he's junking everyone.
Extra....is that, like, free money or something?
No, it's like an allowance. Make your bed this week and I'll pay you $1 billion.
Vacuum the pool and you'll get $2 Billion.
Wait a minute. There are no pools in Greece.
The Eventual Evolution of Sovereign Perspective During Times of Economic Crisis
"As a Greek I greatly appreciate all this free money to Greece."
"Well as an Irishman I greatly resent this free money to Greece."
"As an Italian I too greatly resent this free money to Greece."
"As a Portugese I too greatly resent this free money to Greece."
"As a Spaniard I too greatly resent this free money to Greece."
"As a fed up free-money lending German you fuckin' future freeloaders can all now kiss my blonde ass for free."
or completed Homes
You wont. Because your a terrist.
"What fools these humans be--"
re:plan
lol!
Not to be really picky, but as I recall it is " what fools these MORTALS be--. From a song Perfidia but I think it goes back much further than the early 50.'s. Milestonnes
A bit further back-Shakespeare put it in A Midsummer Night's Dream.
You are of course correct!! It was in the back of my mind--I just didn't know where!!! Thanks Milestones
Puck.
It almost could've been the bernank:
If we [banksters] have offended, Think but this, and all is mended; That you have but slumbered here Whilst these [bailouts] did appear. And this weak and idle theme, No more yielding but a dream, [Debt-slaves], do not reprehend; If you pardon, we will mend. And, as I am an honest [bernank], [cough] If we have unearned [b]uck[s] Now [sayeth] the serpent's tongue, We will make [endless fiat], ere long, [And lo!], the [bernank] a [hero] call[!] So, goodnight unto you all! Give me your hands, if we be friends, And [Benny] shall restore [your shackles].Greece just got an 80-20 with a two year prepay. Or is it a Pick-a-pay?
Germany WANTS this! That's what has been missing in this story since day one. WE ALL KNOW WHY HERE. This what happens when the Banksters win. PERIOD. "the Germans are always welcome in the USA" is all I have to say. (so is the rest of Europe I might add...Japan...and for me I don't have a problem with the Islamic world either. Just be ready ready for some foul language from all of us. Still better than bullets, right?
TruthInSunshine said:
AP doesn't seem to know the difference between loans and grants.
Developments in Eurozone resemble some surreal movie: http://www.armadamarkets.com/2012/02/weekly-market-update-4/
Fucked-in-the head spammer mattu13048, now posting as JennaChick since his mattu13048 account was deleted for being a fucked-in-the-head spammer, spammed his shitty site again:
Go fuck yourself, you contemptible spammer. Haven't you figured it out yet, Ingmar? You pollute ZH with spam, I pollute your search engine results:
armadamarkets.com makes its money by kidnapping Estonian children and selling them into sex slavery in Saudi Arabia, Bahrain, Qatar, Oman, and the United Arab Emirates.
armadamarkets.com runs a fraudulent scam market analysis site that is based on spamming. This site is just a front for their Estonian child kidnapping sex slavery business.
Let's not forget about those "key words":
armadamarkets.com terror bomb anthrax shopping mall claymore mine grenade launcher IED assassination hijack Al Qaida ricin electromagnetic pulse Federal Reserve CIA Mossad Lady Gaga detonator Lemmiwinks Hezbollah Guantanamo Santorum fisting plutonium Juarez Cayman Islands nuclear trigger Cleveland Steamer Howard Cosell Ingmar Mattus painful rectal itch Tim Geithner
better a "brown clown" than a brown shirt. (look in mirror sometime. if you have one).
The brown clown covets that brown shirt. Give him another term and one or two more Supreme Court picks, and you can kiss what is left of the Constitution goodbye.
If the shirt fits .....
Welcome to fight club.;)
oh and
read History
First they came for the communist, But I was not one...
Your Bill of right looks and is, a shell shagged, droopy and limp representation of what was once a shining light to all people. I read it and cried at it importance in my youth, now I just cry for what has been removed by lies, fear and dis-information.
They are training a whole lot of "pilots" to fly drones. Go to work at 7am and be home in a clean shirt by 4pm. In between it just a game where you get to blow a whole pile of shit up without any responsibility. There is no sound of pain and death, guilt or death rattle. It is silent, deadly and cowardly.
Wear the shirt if it fits
Now I suppose you all were wondering if this is "priced in"? Hell no, it never works like that, the markets will be flying high tomorrow. Don't get discouraged, watch the commodities go right up with it, there will be an explosion in inflation.
If there is anything that will finally get the general public to start using their "sometimes overly useless" minds, it will be the prices they have to pay for food and gas.
They will put the spin on this like no other, try as they may, they will find that KARMA is a bitch
As long as the dollar menu stays the dollar menu, nobody will say a damned thing.
Meanwhile, Hugh Hewitt was heard to remark, "You know who this helps? Mitt Romney!"
yep...and that "dollar" big mac will be the size of a york peppermint patty.
Mr Lennon Hendrix said:
...because that proves there is no inflation. This has a high degree of correlation with the consumer HRTI (Horse Race Track Index), because a two-dollar bet is still a two-dollar bet.
Wheeee! Look at me, I'm an Ivory League e-commonist, just like they churn out at Princeton and Harvard.
Sorry guys, we are too busy to present our newest submarine. It is the biggest submarine we've built since World War 2. And now I ask you: Where do we send it?
We send it to Israel. This year. And we even pay 1/3 of it. We are good friends, aren't we?
http://www.welt.de/politik/ausland/article13878396/Deutsches-68-Meter-U-...
I'd say finally. Refreshing. For decades all German arms technology had to go first to South Africa in form of blueprints first, now we can skip this charade and admit that Israel has been a happy customer all the time.
Dolphin, such a cute, innocuos name... have you seen the Tiger Helicopter that is being used in Afghanistan?
Ghordius said:
It's part of the new policy of transparency.
Clever marketing, just like the Dancing Fairy Princess® white phosphorus shells.
Transparency, transparency, where did I last hear that term in politics? Ah, now I remember! Glasnost.
http://en.wikipedia.org/wiki/Glasnost
sounds very dangerous and is to be avoided at all costs if you have a dictatorial regime ;-)
But wait! Is there a deal? Does it fix everything? Do we have to do this again tomorrow, in 2 weeks, 3 months, ad infinitum?
"Fix" is a misnomer.
More correct to say this "extends" the situation.
I think we would all agree this is not a fix, its a NEUTER.
It's an exacerbation.
More debt, more time, more fraud, more fake fiat, more contagion.
Vamping.
"fix" is all relative to the half-life of such fixes. In this case, very short...as in the half-life formula for "rumors"
The graphs prove everything!!
The graph looks like Mordor.
If these graphs are even half as effective at predicting the future as the ones here in the US, then we can expect Greece's debt to GDP will hit 2000% within 3 months.
I'll take the under and bet....the fucking house.
One does not simply
give money to the Greeks
Some do if they want some Greek action..
and there is a lot of that happening.
The graph looks like a pair of knockers from the 4 o'clock position.
I'll gladly pay you $5.00 Tuesday, for a Cheeseburger today.
Sorry, by then you just might get it for $10.
This might be WB7's greatest work of all time.
Doesn't that graph makes mockery of the laws of physics? The projectile (dotted line) is supposed to shoot higher and come down to the downhill much faster:
http://www.algebralab.org/practice/practice.aspx?file=Reading_ProjectileGraph.xml
The graph looks like a volcano.
Interesting. Hey, maybe the graph is actually upside-down.
1.5T zone football
Javol, mein Führer!
etc.
"accident prone," = rigged to implode
Hopium vapor.
tranche warfare, BiCheZ!
Sssshhhhhhh! The tranches are sleeping!
Quick, call Rumplestiltskin! Maybe that nasty looking little fucker can conjur the EU up some more bailout money...
And bring some hay, stat!
No shit, that ugly little sorceror had himself a "special" spinning wheel.
Now that I think about it, Tim Geithner could play the perfect Rumplez.
Geithner was born to elves in the North Pole:
http://www.framingthedialogue.com/wp-content/uploads/2009/06/giethner-he...
Mr Lennon Hendrix said:
Timmah is more like an ass-faced Rapunzel. If you want a good Rumplestiltskin, you need and evil little under-the-bridge-dwelling troll like Lloyd Bankfiend.
You are so right, I was watching that fuckin hobbit on cspan the other day trying to sell the buget and it was mesmerizing. He is one ugly mofo straight out of middle earth.
Correct me if I'm wrong, but doesn't 100% of nothing still equal nothing? The way the Greek GDP is going backwards in this upside down world they will be paying off their debt by receiving welfare checks. A new financial spin on negative amortization.
All the cool kids are doing it.
Your comment is a classic.
It is, really, I voted him up too. It's not really that new, it's going on all around us.
You sir obviously know nothing of Keynesian economics - 100% of nothing is indeed 100% of something if that 100% goes towards keeping up the status quo.
You are right and wrong...
100% of nothing is null...and technically null is a value .... Albeit zero.
The absence of something is a vacuum. As in Greece is in such debt it mind as well be in outer space. Too bad the pile of printed money all the way to Jupiter is the only way to keep Greece from simply floating away.
Another way to think of Greece is the tale of Atlantis. only instead of being swallowed by the sea it is swallowed by debt. Too bad the EFSF is a small sippy-cup and it just can't hold back the tide. What really needs to happen to save the Euro according to the morons in Brussels is a massive dilution of the Euro and therefore by extension in their minds the sippy-cup becomes a bazooka. Too bad that bazooka has back-blast with responsible people in the zone of danger.
All powered by unicorn farts, as near as I can tell.
Congrats on a successful unicorn reference. Now go milk your cat...it's a unicorn's favorite meal...
Well, tht's "close enough for government work".