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.

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Wed, 05/09/2012 - 10:26 | 2409828 GeneMarchbanks
GeneMarchbanks's picture


Buy them €'s tarders!!

Wed, 05/09/2012 - 10:29 | 2409847 GetZeeGold
GetZeeGold's picture



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


Wed, 05/09/2012 - 10:30 | 2409854 GMadScientist
GMadScientist's picture

The Keiser Soze Party.

Wed, 05/09/2012 - 10:34 | 2409877 HoofHearted
HoofHearted's picture

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

Wed, 05/09/2012 - 10:27 | 2409832 l1b3rty
l1b3rty's picture

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

Wed, 05/09/2012 - 11:50 | 2410155 caconhma
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.

Wed, 05/09/2012 - 10:27 | 2409840 docj
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?

Wed, 05/09/2012 - 10:37 | 2409891 I Am Not a Copp...
I Am Not a Copper Top's picture

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

Wed, 05/09/2012 - 11:52 | 2410161 docj
docj's picture

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

Wed, 05/09/2012 - 10:28 | 2409843 LongSoupLine
LongSoupLine's picture

Yep...down it is.

Eat it you bank fucks!

Wed, 05/09/2012 - 10:28 | 2409851 5880
5880's picture

It says "Germany, Fuck You"

Wed, 05/09/2012 - 10:28 | 2409852 Don Diego
Don Diego's picture

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

Wed, 05/09/2012 - 10:29 | 2409859 GMadScientist
GMadScientist's picture

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


Wed, 05/09/2012 - 10:29 | 2409855 aleph0
aleph0's picture



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


Wed, 05/09/2012 - 10:31 | 2409858 Temporalist
Temporalist's picture

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


Ramp up time!

Wed, 05/09/2012 - 10:32 | 2409865 dereksatkinson
dereksatkinson's picture

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

Wed, 05/09/2012 - 10:31 | 2409866 Blorf
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.

Wed, 05/09/2012 - 10:33 | 2409875 machineh
machineh's picture

Let's all sing along:

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

Wed, 05/09/2012 - 10:33 | 2409872 MFL8240
MFL8240's picture

More from the clowns!

Wed, 05/09/2012 - 10:37 | 2409890 HD
HD's picture

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

Wed, 05/09/2012 - 11:53 | 2410167 youngman
youngman's picture

Who was that?  XXXXXX the clown     noodles???

Fri, 05/11/2012 - 04:51 | 2416457 HD
HD's picture

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

Oh, Mr. Grant!

Wed, 05/09/2012 - 10:35 | 2409881 Aductor
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.

Wed, 05/09/2012 - 10:43 | 2409910 EscapeKey
EscapeKey's picture

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

Wed, 05/09/2012 - 10:48 | 2409930 brooklynlou
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

Wed, 05/09/2012 - 11:22 | 2410075 PapSmear
PapSmear's picture

Revolution Bitchez.  

Wed, 05/09/2012 - 11:23 | 2410076 PapSmear
PapSmear's picture

Revolution Bitchez.  

Wed, 05/09/2012 - 10:37 | 2409889 Cole Younger
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...

Wed, 05/09/2012 - 10:39 | 2409900 timbo_em
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.

Wed, 05/09/2012 - 10:44 | 2409916 EscapeKey
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?

Wed, 05/09/2012 - 10:52 | 2409943 5-4-3-2-1-1-2-3...
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...

Wed, 05/09/2012 - 11:01 | 2409981 timbo_em
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.

Wed, 05/09/2012 - 11:07 | 2410006 5-4-3-2-1-1-2-3...
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.

Wed, 05/09/2012 - 10:42 | 2409905 Frastric
Frastric's picture

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

Wed, 05/09/2012 - 10:45 | 2409918 Uncle Remus
Uncle Remus's picture

Fucking idiots.

Wed, 05/09/2012 - 11:03 | 2409996 Todd Horlbeck
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.


Wed, 05/09/2012 - 11:23 | 2410071 carbonmutant
carbonmutant's picture

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

Wed, 05/09/2012 - 11:25 | 2410084 crzyhun
crzyhun's picture

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

Wed, 05/09/2012 - 11:27 | 2410090 5-4-3-2-1-1-2-3...
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.

Wed, 05/09/2012 - 11:48 | 2410148 SmoothCoolSmoke
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.

Wed, 05/09/2012 - 11:50 | 2410158 paddy0761
paddy0761's picture

Time to go GREEN.

Wed, 05/09/2012 - 11:54 | 2410176 youngman
youngman's picture

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

Wed, 05/09/2012 - 11:56 | 2410177 SmoothCoolSmoke
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.

Wed, 05/09/2012 - 12:30 | 2410261 gatorengineer
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.....

Wed, 05/09/2012 - 18:50 | 2411592 flyweight
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.

Sun, 05/13/2012 - 23:22 | 2422655 qiongqiong
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