Rumor Of Pasok-Syriza Memorandum Agreement

Tyler Durden's picture

Remember the headline frenzy from last summer. It's baaaaaaaack. From Athens News:

A shocking and possibly groundbreaking turn of events. According to Net television, Pasok head Evangelos Venizelos has agreed to sign a letter related to the memorandum with Syriza chief Alexis Tsipras. What that letter will say is as yet unknown, but Net are standing by their sources. The temperature in the coalition room just spiked up.

This could go either way: if spun as pro-bailout, expect a 100 pip surge in the EURUSD. If not - don't, especially if it turns out to be an "agreement" with changes any of the terms of the Greek bailout, something Germany will not take too kindly to.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
GeneMarchbanks's picture


Buy them €'s tarders!!

GetZeeGold's picture



Pasok-Syriza......that even sounds evil.


HoofHearted's picture

Round and round she goes....where she stops...someone's really really screwed.

l1b3rty's picture

Yeah, let's inject the carcass of civilization with some more stimulant and steroids -that will keep the frankenstein system going.

caconhma's picture

This game is about over.

The longer it goes the more opportunities national-socialist parties get to gain more ground.

The last time the World Zionist Banking Mafia played the same gain, both Nazi in Germany and Stalin in USSR gained a lot. Now, we are watching the same game is being played again. The results will be very much similar with just different names and places.

docj's picture

Heh - funny. Fraud Street is setting-up so far as a carbon-copy of yesterday - which, as we all know, went something like "drop like a stone in the morning on actual news, then go straight up in the afternoon on absolutely nothing".

So, what are the odds we close GREEN today?

I Am Not a Copper Top's picture

Just like yesterday and most days, wait for the 11:30 starting gun

docj's picture

Party got started a little early today - straight up since 10:30 on, well, you tell me.

LongSoupLine's picture

Yep...down it is.

Eat it you bank fucks!

5880's picture

It says "Germany, Fuck You"

Don Diego's picture

left wingers have very strong principles, and if bankers don't like them they have others.

GMadScientist's picture

right wingers have no principles, just like bankers like em.


aleph0's picture



Just proves they'll  ( Politicians ) do anything to stay in power  ... no matter what they agree on.


Temporalist's picture

Eurozone parties are discussing delaying next payment of bailout due to Greece.


Ramp up time!

dereksatkinson's picture

Doesn't look like anyone is biting on this rumor.

Blorf's picture

Great news everyone - the violinists and cellists on the Titanic have signed a memorandum of agreement to play the same song.  No need to worry about the gaping hole in the ship anymore.

machineh's picture

Let's all sing along:

'Nearer, my gold, to thee ...'

MFL8240's picture

More from the clowns!

HD's picture

A little song, a little dance. A little seltzer down my pants.

youngman's picture

Who was that?  XXXXXX the clown     noodles???

HD's picture

Chuckles the clown. Killed by an elephant while dressed as a peanut.

Oh, Mr. Grant!

Aductor's picture

Never ever will that be pro-bailout. Pasok almost got wiped out. Their only chance to regain some ground is to show that they "listen" (in a very non-binding and political way) to the people.

EscapeKey's picture

...unless the senior PASOK politicians get a little bailout of their own.

brooklynlou's picture

PASOK played a big part in putting Greece in the shit hole that they are in. If the're trying to strike a deal, its for PASOK to join Syriza, go anti-bailout, and be cleaned by swapping parties. Basically doing a good bank / bad pank with political parties.

In a soap opera sort of way, lets see where this goes ... the real blood and guts are Spain and Italy

PapSmear's picture

Revolution Bitchez.  

PapSmear's picture

Revolution Bitchez.  

Cole Younger's picture

Well if the letter doesn't state that Greece will get 100% write down on debt, it matters not..They will default again...

timbo_em's picture

That can't be pro bail-out. Syriza is anti bail-out and PASOK is only pro bail-out because they happened to be in power when the whole thing went south and had to act accordingly. The PASOK party base had a lot of difficulties swallowing all those measures, in my view there is no way that they are going to continue to support further austerity. Remember, Greece has oked to cut another 11.5 bn by june and since the country is already way behind schedule there are further cuts to come.

EscapeKey's picture

there is no way that they are going to continue to support further austerity

See, that's the thing. What is their choice? Who will buy their bonds?

Or should they just go nuclear and start printing Euros to pay their bills?

5-4-3-2-1-1-2-3-3-2-1---0's picture

Remember the young Slovak politician who was supposed to block the EU effort of establishing the recovery fund or something?

He was young, ambitious... and he folded, and Alexis Tsipras reminds me a lot of him.

Hope not...

timbo_em's picture

That Slovak politician - his name is Richard Sulik - DID NOT FOLD! The Slovakian PM at that time simply ended the coalition with Richard Sulik's party, formed a new coalition with another party assuring them to call for new elections after the EFSF treaty has been pushed through parliament.

5-4-3-2-1-1-2-3-3-2-1---0's picture

Ok, sorry for misinterpretation, anyway Tsipras is just a politician...

On the other hand it looks like after the next elections he will be able to constitute the government by himself, so Venizelos should be very polite to him.

The Greeks are with Tsipras.

Frastric's picture

Just like yesterday there was a well-placed rumour right around the point the NASDAQ hit 2900. Ditto today...

Todd Horlbeck's picture

I don't know much about Greek politics, but to have just been eleceted because you were against the bailout, it seems odd to reverse in three days.

My best guess is they will both agree to ask to renegotiate with the EU, and still want bailout money.


carbonmutant's picture

Both and have refused to meet with Alexis , after he requested meetings with both of them.

crzyhun's picture

You have got to be kidding, this is what turned the market up 100 pt on the DJ and the rest???

5-4-3-2-1-1-2-3-3-2-1---0's picture

6.23pm The meeting between Pasok chief Evangelos Venizelos and Syriza head Alexis Tsipras is in progress.

SmoothCoolSmoke's picture

I predict pro-bailout.  Calls have been made.  Bank accounts have been adjusted.  What's a couple of hundred million to the criminal banking cartel to "buy" a Greek political party?  Pocket change.

paddy0761's picture

Time to go GREEN.

youngman's picture

supposedly at 12 NY time...we are to know if Greece is going to get the 5.2 billion tomorrow...

SmoothCoolSmoke's picture

How about this?  Greeks place a huge, huge bet on the Euro......then come out with some pro-bailout horse-shit.  Euro pops 100 pips..... Greeks cash out.

gatorengineer's picture

Greeks bet the farm on Hollande being a white knight..... Perhaps he is, I havent seen him linked to the Vampire Squid at least not yet.....

flyweight's picture

Tsipras has said that, if elected PM he will first stop repaying the debt and then order an audit on the debt. What could this audit reveal that is not already known? I am wondering.

qiongqiong's picture

Coach Factory Outlet
Coach Outlet USA
Coach Wallets
Cheap Coach Purses
Coach Outlet
Coach Purses Outlet
Coach Factory Outlet Online
Coach Outlet
Coach Store Outlet
Coach Outlet Online
Coach Outlet
Coach Factory Online
Coach Factory Store
Coach Bags
Nike Air Max

Our Coach Factory Outlet goal is to let everyone be able to buy the Coach Outlet USA for her own. Coach Wallets or Cheap Coach Purses in the cheap Coach Purses Outlet are available now with the best condition and Coach Outlet in the lowest price. Coach products from Coach Factory Outlet Online have classic design yet in top fashion sense. The artwork of Coach in the Coach Outlet is so delicate and distinctive, perfect in details. Coach Store Outlet is a great Coach Outlet Online store not only selling top Coach Bags but also other Coach accessories. Coach Outlet does not let you down on Coach quality, design and workmanship. Coach Factory Online also is a good place for you to enjoy Coach items. In this Coach Factory Store, you could get the best Coach Bags at the best price. So are other Coach accessories, like Coach shoes, Coach wallets or Coach jewelries. Of course, if you love other brand shoes, Nike Air Max is a top one for you! Welcome!

bestlucklyzgt's picture

All of these Burberry Outlet are 100% mirrored the genuine ones.Now, baggage out of Burberry Outlet go along with lizard, ostrich plus crocodile dermis sometimes during a reasonably Burberry Outlet priced amount. Dolce plus Gabbana fake purses and Burberry Outlet will be excellent to observe and get fine casino wars that is going to enable the particular owner without difficulty tackle all these purses and Burberry Sale in no time. A duplicated baggage out of Burberry Sale will be just what exactly would probably provide the timeless style and design if you wish so that you can clutch plus fantastic superb Burberry Sale . Many who seem to like great fretting Burberry Sale would love any fake travelling bag out of Burberry Outlet Online .Every details including material, hardware, lining, leather trimming, structure and chrominance are cautiously imitated based on the Burberry Outlet Online .There are various kinds of replica Burberry Outlet Online with diverse styles and colors Burberry Outlet Online in the market. Whatever kind Louis Vuitton Outlet you are looking for, you can certainly find Michael Kors Outlet that can perfectly fit you. Louis Vuitton Outlet are fast becoming popular because despite being stylish and made of quality materials, Michael Kors Outlet are affordable to a high percentage of middle income earners.