Slovenian Government Collapses After Confidence Vote Loss; EFSF Ratification To Be Delayed Until 2012

Tyler Durden's picture

As expected earlier, the next domino in the European contagion cascade, has just tumbled after the local government has collapsed following loss of parliamentary confidence vote.


This means that the pan-European EFSF vote, originally scheduled to be completed by the end of this month, will likely be delayed until 2012 which means at least 4 more months of SMP bond purchases and more anger at direct ECB monetization of Peripheral debt.

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RSloane's picture

I was very very wrong in the other thread. My bad.

MillionDollarBonus_'s picture

This is what happens when a country gives its people referendums. I hope it's now perfectly obvious to all observers that referendums are a FAILED policy.

theMAXILOPEZpsycho's picture

agree, democracy is just mob rule - why should I be governed by what joe 6 pack thinks??

MillionDollarBonus_'s picture

Democracy is fine as long as the elected leaders are left for a good number of years to run the country on their own. Professional politicians are specialists at what they do, and should not have to address the endless tantrums of uneducated voters while they are trying to do their jobs.

SilverRhino's picture

Wow, thanks for that breathtaking display of idiocy and naivety. 

Do their jobs?  Their fucking jobs are to keep getting elected.   You want real reform?  TERM LIMITS.   One term, 4 years any office. 

RemiG2010's picture

So after this breathtaking exchange , let's all sing together ...


papaswamp's picture

Yea it's hard work running up those massive debts.

Panafrican Funktron Robot's picture

Yeah, countries that frequently participate in direct democracy are abject failures.  Like Sweden, for example.  Oh, wait.

matrix2012's picture

YES, let the DEMOCRACY screws the people till them flat like what happens in DC, it has been setting up very good example for the European govts and the rest of the the name of the DEMOCRAZY, people are sacrificed and victimized!!

I love the ideas esp when the victims are yet aware like the frog put in slowly boiling water :D

Nothing To See Here's picture

"The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government. The ideal of democracy rests on the belief that the view which will direct government emerges from an independent and spontaneous process. It requires, therefore, the existence of a large sphere independent of majority control in which the opinions of the individuals are formed."

- F.A. Hayek

theMAXILOPEZpsycho's picture

I'm serious - why should my life be affected by whatever lollipops the politicos are waving in front of brain dead voters??

LoneCapitalist's picture

Maybe if you pay attention, you wont be so braindead.

Pure Evil's picture

The real problem that I see is that the lollypop being waved in front of you ain't as big as the lollypop being waved in front of your neighbors.

I think you have lollypop jealousy.

Manthong's picture

Archduke Ferdinand?

CH1's picture

Well, you'd have to be on the ground there to have a real idea of what it means. But... maybe.

bankruptcylawyer's picture

funny you mention him, i'm still predicting that at some point a disgruntled young man is going to publicly murder a top european financial official. i'd put the odds of this happening within 3 years at 35%. 


it just seems to me there are too many riots and too much anger for someone at some point to get the nerve to do it, because it's a fact that there are many young european men thinking about doing this. the prediction is when does someone get the opportunity, means, and the desire to turn their desires into action. 


Pure Evil's picture

The Europeans no longer have the standing armies they use to have to make this scenario worth worrying about.

Even with NATO, the US has the biggest military presense on the EU continent.

And, even if a top European financial official was murdered, their would probably be celebrations in the streets instead of the next world war.

Drag Racer's picture

can you say 'Kansas City Shuffle'?

jdelano's picture

Comments posted by HFT bot in advance on behalf of the ZH users that will be arriving here momentarily:


--Nothing to see here.

--Move along, Bitchez.

--What's the definition of insanity again?

scatterbrains's picture

you feeling any tingling sensation anywhere ?  just curious not asking for any particular reason.

jdelano's picture

lol.  but so you know--you've got the clap now.  

LawsofPhysics's picture

I love it.  Since we can't kick the can, we are simply going to ignore it.

Larry Darrell's picture

Stocks will ramp into this news.  Since the EURO can't move "forward," Ben will be forced to print in their absence.  Dollar destruction moves full retard.

Robslob's picture

This is BULLISH!

Coldfire's picture

Thus began the winter of our discontent.

Irish66's picture

Did the denial hit yet?

theMAXILOPEZpsycho's picture

Slovenia has some of the hottest chicks in the world...if anyone's thinking of opening a brothel with bullion profits (as I am) this could be just the country to watch...

Gandalf6900's picture

wait a minute, wait a minute, you might be onto something here...sold!!!

X.inf.capt's picture

do they have redheads overthere,


jekyll island's picture

Probably, but I mainly saw rich black hair and Kardashian like complexions.  Even in Kosovo, where the Albanians outnumbered the Serbs 9:1 it was stunning the amount of beautiful women you would see.  I can only imagine what Slovenia contains.  

Herman Strandschnecke's picture

My first imageination is of ladies dribbling.

jekyll island's picture

I agree, I saw hundreds of beautiful women when I was deployed to Kosovo courtesy of Uncle Sugar.  One personal observation though, take some extra bullion to pay for dental work.  It was all good until the girls would smile, and you could see the cavities and poor dental hygiene.  I just want you to be successful in your business venture, that's all.  

Picaferaj's picture

Dude, you were in Kosovo - do you understand yourself what you're saying? Albanian chicks are not the same as Slovenian chicks. No need for dental work there. Just some bitch slapping.

jekyll island's picture

Read my earlier post.  Albanians outnumber Serbs 10:1 but Serbs were 10x more beautiful.  Didn't waste any time looking at the Albanian women, all the Serbian women had half their teeth falling out.  Damn, that is one place that could use some fluoride treatments.  

Dick Darlington's picture

ECB's fraudulent "securities markets program" under which it monetizes the debt of the insolvent member states.

Mitch Comestein's picture

This is more bullish news.  Well, bullish for gold.  Check out GDX and GDXJ.  They are both up big are large volume!....bitchez.

dark pools of soros's picture

JPM already raped their coffers and took tons of public assets ..  no need for that group of foolish/bought government anymore once the bucket is dry

Everybodys All American's picture

No governments in Belgium, Slovenia, ( who is next? ) ...

kurzdump's picture

Well this is good news! However, Merkozy cant postpone its plans so Greece has to default without the upgraded EFSF. It will find an alternative solution to bail out the banks for sure.

sabra1's picture

don't they have voting HFTs?