Greece fail(s)

[Pauls' Revere]

http://finance.yahoo.com/news/greeks...104038752.html

"It is increasingly obvious he is not even a closet centrist but largely seems to agree with the left wing of his party. The euro area thus has no real choice but to seek regime change in Athens," he said on the website of the Peterson Institute for International Economics.

issue your lefty Drachmas! problem solved. LOL

burn baby burn!

[AngryCanadian]

Goodbye EU!

Helllo BRICS!!


The EU is finished. Without Greece it wont survive very long, you see this is why some of the EU leaders have being fast on trying to start a war with Russia, they no longer about life or future.

[roho76]

[Zippyjuan]

Goodbye EU!

Helllo BRICS!!


The EU is finished. Without Greece it wont survive very long, you see this is why some of the EU leaders have being fast on trying to start a war with Russia, they no longer about life or future.

Greece never really met the requirement of joining the Euro but they were let in based on promises for future economic changes. If Greece leaves, it won't hurt Europe (or mean war with Russia). Their GDP has actually fallen by $50 billion since 2009. Germany is the key to the European Union.

Russia allegedly offered to loan Greece more money as recently as April. http://www.independent.co.uk/news/wo...-10163340.html

Russia would be willing to supply loans to Greece for major infrastructure and transport works, Russian PresidentVladimir Putin has said, as the Greek Prime Minister Alex Tsipras said European sanctions on Russia risked a new Cold War.

Greece did not seek direct financial help from Russia during the two-hour meeting, as some had speculated it might, but Russia said it would be willing to supply funds for major projects, such as the planned Turkish Stream pipeline that would carry natural gas to Europe via Turkey.

“Greece isn’t a beggar to go around countries asking for the solution of its financial problems,” Mr Tsipras said at a joint press conference after the meeting. “Because the financial crisis isn’t only Greek, it’s also European – for a European problem we’ll find a European solution.”

[r3volution 3.0]

Here's hoping that Greece defaults and returns to the Drachma, without undertaking any liberalizing reforms, and then promptly turns into the Democratic Republic of Congo....just to shut up these these $#@!ing socialist idiots yelping for that "solution."

But seriously, they need (another) military coup. Greek democracy is not capable of producing a solution. It's way beyond the event horizon of socialism's black hole.

[devil21]

Gold backed drachma even.

Not that it hasn't been planned but let's get this collapse show on the road finally. September is approaching quickly.

[Zippyjuan]

Greece has about 100 tonnes of gold reserves (about $6 billion worth according to their balance sheet)- not much for trying to create a gold backed currency. Some have suggested they sell their gold to try to pay some of their debts. https://www.bullionstar.com/blogs/ro...es-and-grexit/

[Pauls' Revere]

Greece has about 100 tonnes of gold reserves (about $6 billion worth according to their balance sheet)- not much for trying to create a gold backed currency. Some have suggested they sell their gold to try to pay some of their debts. https://www.bullionstar.com/blogs/ro...es-and-grexit/

then why all this drama?

[Pauls' Revere]

http://www.bloomberg.com/news/articl...vation-or-ruin

A member of NATO since 1952, the 11-million strong nation joined a precursor to what became the European Union in 1981, allowing it, finally, full access to international debt markets.

Those very markets, coupled with an embrace of Europe, kick-started two decades of increased public spending on pensions and government jobs, and private investment in shipping and infrastructure.

“There was a general sense of euphoria -- you could get a job with the government, real estate prices kept going up,” said Vourloumis, who has run banks and telecommunications companies and battled unions along the way. “And then, with the European debt crisis, the whole thing was revealed -- our economy was built on protectionism, on borrowed money.”

why does all of this sound so familiar?

[timosman]

why does all of this sound so familiar?

Confessions of an Economic Hit Man ? https://en.wikipedia.org/wiki/Confes...onomic_Hit_Man

[Anti Federalist]

[Pauls' Revere]

Greece may warm up to Russia. From Drudge:
http://www.ft.com/intl/cms/s/0/3f0bb...#axzz3dkKNItDm

[juleswin]

Greece may warm up to Russia. From Drudge:
http://www.ft.com/intl/cms/s/0/3f0bb...#axzz3dkKNItDm

Can u at least post a couple paragraphs from the article?

[Zippyjuan]

Russia offered Greece help earlier on but at the time Greece said no. Now it is starting to look more inviting- Russia may be their "lender of last resort". Russia enjoys dividing Europe on issues wherever they can. They would also like to weaken sanctions by offering increased trade with Greece in exchange for any aid. Russia wants to build another gas/ oil pipeline to gain them more revenues. Greece has a huge payment on previous loans due at the end of the month and refinancing talks have stalled.

Different article: http://news.sky.com/story/1504541/kr...loan-to-greece

Russia has given contradictory messages over whether the country would be prepared to give financial support to Greece.

Kremlin spokesman Dmitry Peskov was asked whether there had been any discussion between Russian President Putin and Greek Prime Minister Alexis Tsipras of financial aid for Greece during a conference in St Petersburg and his reply was: "No, no, no."

But earlier Russian Deputy Prime Minister Arkady Dvorkovich said his country would look at the "question" of providing money in order to protect investment projects and trade.

Mr Dvorkovich told a TV station: "We will support any solution on regulating the Greek debt crisis that is suggested by Greece and our European partners.

"The most important things for us are investment projects and trade with Greece. If financial support is required, we will consider this question."

Russian President Putin and Greek Prime Minister Tsipras attend a signing ceremony at the Kremlin in Moscow
Greek Prime Minister Alexis Tsipras with Russian President Vladimir Putin

Mr Tsipras said in St Petersburg that Russia was "one of the most important partners for us".

Such an alliance would alarm EU leaders, who may see it as undermining solidarity at a time when they are trying to maintain pressure on the Kremlin over the conflict in Ukraine.

More at link.

[osan]

Gold backed drachma even.

Prithee tell us good sir, from the butthole of which unicorn shall the gold flow?

Greece is basically destitute. Unless they have been sitting on some huge hidden reserve of good delivery bars, the only backing the drachma will enjoy shall be that of more Greek bull$#@!.

[devil21]

Prithee tell us good sir, from the butthole of which unicorn shall the gold flow?

I verily say unto you, the gold shall floweth from the butthole of the BRICS. Booketh it friend. It hath been written and so it shall be done.

Greece is basically destitute. Unless they have been sitting on some huge hidden reserve of good delivery bars, the only backing the drachma will enjoy shall be that of more Greek bull$#@!.

Why would Tspiras have a meeting with Putin this past weekend and Tsipras agree to a Russian gas pipeline through Greece? Greece is pivoting toward BRICS and the drachma will be reissued with an implied gold backing from the BRICS bank. Think of it as BRICS gold acting as a guarantee behind the Greek drachma but Greece will not hold the gold.

The media reports of the Greece/EU 'drama' are contrived. It's all part of the global banker plan.

http://news.yahoo.com/russia-greece-...104935019.html

eta: where is the birthplace of dramatic theater?

[Pauls' Revere]

Can u at least post a couple paragraphs from the article?

For some months, the administration of President Barack Obama has been quietly urging Germany and other EU members to try to find a way to resolve the stand-off with Greece. While economic considerations have been at the forefront, diplomats say the EU’s position on Ukraine has also been part of the conversation.

The visit by Greek prime minister Alexis Tsipras to St Petersburg late last week served as a reminder of the current Greek government’s political ties to President Vladimir Putin’s Russia and showed its willingness to look towards Moscow at moments when the dispute with international creditors is at its most intense.

[Pauls' Revere]

Russia offered Greece help earlier on but at the time Greece said no. Now it is starting to look more inviting- Russia may be their "lender of last resort". Russia enjoys dividing Europe on issues wherever they can. They would also like to weaken sanctions by offering increased trade with Greece in exchange for any aid. Russia wants to build another gas/ oil pipeline to gain them more revenues. Greece has a huge payment on previous loans due at the end of the month and refinancing talks have stalled.

Different article: http://news.sky.com/story/1504541/kr...loan-to-greece



More at link.

I figured they would go through China first, guess I figured wrong.

[Zippyjuan]

I verily say unto you, the gold shall floweth from the butthole of the BRICS. Booketh it friend. It hath been written and so it shall be done.



Why would Tspiras have a meeting with Putin this past weekend and Tsipras agree to a Russian gas pipeline through Greece? Greece is pivoting toward BRICS and the drachma will be reissued with an implied gold backing from the BRICS bank. Think of it as BRICS gold acting as a guarantee behind the Greek drachma but Greece will not hold the gold.

The media reports of the Greece/EU 'drama' are contrived. It's all part of the global banker plan.

http://news.yahoo.com/russia-greece-...104935019.html

BRICs don't want to use their gold to prop up Greece. Why would they and risk losing it? (BRICs aren't going to do a gold backed currency either).

[Pauls' Revere]

Prithee tell us good sir, from the butthole of which unicorn shall the gold flow?

Greece is basically destitute. Unless they have been sitting on some huge hidden reserve of good delivery bars, the only backing the drachma will enjoy shall be that of more Greek bull$#@!.

this one!

https://www.youtube.com/watch?v=_yJCNNwHUOE

[devil21]

Which question do you want me to answer? You changed your post from this:

BRICs don't want to use their gold to prop up Greece. Why would they?

to this:

BRICs don't want to use their gold to prop up Greece. Why would they and risk losing it? (BRICs aren't going to do a gold backed currency either).

Obviously your first question wasn't a serious question. The second version is a strawman since they don't risk losing any gold. I stated clearly that the gold claimed as backing would not be in Greece.

[osan]

I call bull$#@! on this one. NO WAY Greece would be THAT smart. More likely they would spend it on the largest one-year net porn subscription in human history.

"Greece..." <fap> <fap> <fap>... "yuo are..." <fap> <fap> <fap>... "jeeenyis!"<FAP> <FAP> <FAP>... "HOOBA DOOBA σκατά το χέρι μου!" <FAP> <FAP> <THUP> ​"ιδιοφυία!"

[Zippyjuan]

Which question do you want me to answer? You changed your post from this:


to this:


Obviously your first question wasn't a serious question. The second version is a strawman since they don't risk losing any gold. I stated clearly that the gold claimed as backing would not be in Greece.

Since you are confused let's get simpler. Why would any country use their gold to back up another country's debt?

[jllundqu]

Since you are confused let's get simpler. Why would any country use their gold to back up another country's debt?

Paging the Bernanke! Paging the Bernanke! I'll wait for him to answer this question.... lol

[twomp]

Since you are confused let's get simpler. Why would any country use their gold to back up another country's debt?

Because the bankers in one country want to help out the bankers in the other country? Are you saying this has never happened in the history of time?

[twomp]

double post

[devil21]

Thanks to you fellas for handling Zippy's nonsense for me. +r

[Acala]

(BRICs aren't going to do a gold backed currency either).

They will if they are serious about dislodging the dollar in my lifetime. But there is a big downside for the insiders in having a truly gold-backed currency - they can't rape the people with inflation. Nobody with control of a currency will easily give up the power to inflate it unless and until the currency collapses.

[Zippyjuan]

Because the bankers in one country want to help out the bankers in the other country? Are you saying this has never happened in the history of time?

Yes, they do want to avoid a total collapse of Greece. That could spill over into other European countries and why something will likely eventually be worked out. But the would do it with money, not gold.

[DFF]

Yes, they do want to avoid a total collapse of Greece.

They're gonna get it anyway. Greece is bankrupt and by extending them additional credit, the inevitable outcome will only be more severe. German and French banks will go bust over this. Or at the least, suffer serious financial damage.