Posted on 07/14/2015 12:56:54 AM PDT by Berlin_Freeper
In the end, Alexis Tsipras all but gave Germany naming rights to the Parthenon in order to secure a new bailout deal for Greece. After a caustic all-night negotiating session, the prime minister surrendered to nearly every demand from Europe's leaders in return for an agreement that, theoretically, will keep his country in the eurozone and stave off an immediate economic crisis.
(Excerpt) Read more at slate.com ...
I really hope Space Aliens are watching so I’m not the only one LMAO!
Btw - more money down the toilet. Ha-Ha!
Let me guess how this plays out:
- Radical left coalition (i.e. Syriza) corrals its people into voting for the package
- Massive cuts in everything deemed nonessential to the troika, such as inhumane border security
- Yooge wave of migration comes to Greece to take advantage of the continued EU bennies
- And that’s where Golden Dawn (or their successor) comes in...
Post #3 - Tsipras, walked away from Athens with a deal even more punishing than that which he and Greek voters had rejected earlier this month.
To me austerity is normal life - live within your means.
I don’t think it’s funny. When the Russians blitz through Germany and leave it an ash heap, will you still laugh?
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From the Market-Ticker: Bankers Get Away With It Again
http://www.market-ticker.org/akcs-www?post=230358
Remember this article from a few days ago?
So which is it?
Either the ECB has no bullets in this gun with their “haircut expansion” because the assets can be easily taken back and sold for more than the haircut value and this is what any rational business person would do or the assets are either worth far less than the haircut value or worse, entirely worthless.
AGAIN: Is this entire charade smoke and mirrors or is the Greek banking system a fraud-laced enterprise that needs to have virtually all of its participants face the harshest possible sanction?
One of these two must be true.
Now look at this from a Reuters piece today:
One of the preconditions imposed on Greece for a deal is that it signs into law European rules that would put euro zone authorities at the ECB and in Brussels, rather than Athens, in charge of identifying and closing or breaking up sick banks.
This in turn could lead to a shake-up of the sector that could see some banks close, with losses pushed onto bondholders and possibly even large depositors. In such circumstances, there would be little that Athens could do to prevent this.
Actually there will be nothing Athens — or the Greek people — can do to prevent this — other than armed revolt.
The second Greece’s Parliament enacts the legislation demanded by The Troika and Herr Merkel, if they do pass it, they will hand over the entire nation’s deposits in the banking system and forfeit the right to prosecute any of the people responsible for the obviously-false marks taken on the assets that underpin those deposits.
That includes both the bankers inside Greece and at the ECB where the “collateral” is being held.
Since the ECB will then be in charge it may mark those “assets” however it wishes and thus steal as much of the deposits as it wishes without any means, other than the people of Greece taking up arms and literally invading Brussels, to stop it. Worse, once this is enacted it is irreversible as the theft will likely be accomplished within hours, long before the Greeks can demand an election and revoke their consent through peaceful means.
If the bankers had not “mismarked” their asset prices there would be no crisis at all in the banks. That there is such a crisis is proof that the assets are not worth the marked value and the banks are not solvent. By transferring control of the process to resolving that problem out of the country the Greek people will get screwed instead of the people who “improperly” marked the assets being held accountable once again.
TO THE PEOPLE OF THIS PLANET: WHEN DO YOU STOP SITTING FOR YOUR FUNDS BEING STOLEN BY THE LITERAL TRILLIONS THROUGH THESE SHENANIGANS?
LoL!
But Defence Minister Panos Kammenos, a junior coalition partner, has said he will provide only limited backing.
If the deal fails, Greece's banks face collapse and the country could then be forced to leave the euro.
What’s the over and under on how long Tsipras lasts as PM?
This is the perfect time for all those countries that ended up with ancient
Greek treasures like the Elgin marbles to cut a deal.
The Greek PM must have trained at the Obama School of Negotiation.
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