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Across spectrum, German leaders condemn Greece's rejection of EU deal
reuters.com ^ | Jun 29, 2015 | reuters

Posted on 06/28/2015 12:16:36 PM PDT by Berlin_Freeper

German leaders right and left unleashed a barrage of criticism at Greece Prime Minister Alexis Tsipras on Sunday for rejecting an offer that could have unlocked rescue funds to resolve the debt crisis.

Chancellor Angela Merkel's allies and the leaders of her centre-left coalition partners condemned Greece's leftist government, reflecting pent-up public frustration.

Germany is the biggest European contributor to the bailout programmes that have kept Greece afloat for the past five years. Opinion polls now show a majority of Germans want Greece to leave the euro zone.

(Excerpt) Read more at in.reuters.com ...


TOPICS: Foreign Affairs; Germany
KEYWORDS: alexistsipras; eu; europeanunion; germany; greece; greececrisis; greeceeuj; nato; syriza
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To: PAR35

Hey, Bulgarian stock scammers need money too.


41 posted on 06/28/2015 2:09:23 PM PDT by jjotto ("Ya could look it up!")
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To: Billthedrill; Berlin_Freeper
"No, we’re talking about credit default swaps, not accumulated debt".

As pointed out in the other thread, those CDS would balance out, excepting the original loss, in the medium term of 6-12 months.

However, could/would the ECB come up with the 6-8 trillion in liquidity to avoid a bloodletting?

Assuming they could, how would they soak it back up once the dust settles?

42 posted on 06/28/2015 2:18:11 PM PDT by Mariner (War Criminal #18 - Be The Leaderless Resistance)
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To: Billthedrill
"discontinuity in the collateral chain"

Oh my, I like how descriptive that term is.

That's what happened in 2007/2008 and that's why the Fed "opened the window" for free money.

Liquidity.

$75 trillion in derivatives, spread across all continents, and DB thinks they'll get away with that?

Nobody gets away with that.

43 posted on 06/28/2015 2:29:21 PM PDT by Mariner (War Criminal #18 - Be The Leaderless Resistance)
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To: PAR35
perhaps our Retiring-in-Youth Greek friends are just (selectively) reading their great legacy to us, the classics.... such as, " But at present we are studying the best constitution, and this is the constitution under which the state would be most happy, and it has been stated before that happiness cannot be forthcoming without virtue; [I]t is therefore clear from these considerations that in the most nobly constituted state, and the one that possesses men that are absolutely just, not merely just relatively to the principle that is the basis of the constitution, the citizens must not live a mechanic or a mercantile life (for such a life is ignoble and inimical to virtue), nor yet must those who are to be citizens in the best state be tillers of the soil(for leisure is needed both for the development of virtue and for active participation in politics.)" Aristotle, Politics 1328b-1329a
44 posted on 06/28/2015 2:39:53 PM PDT by faithhopecharity ("Of making many books there is no end, and much study is a weariness of the flesh.")
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To: Kolokotronis

“WWII reparations would pay the bill just fine!”

Yes it would. Then Greeks would just piss it away. Then what?


45 posted on 06/28/2015 2:44:30 PM PDT by snoringbear (E.oGovernment is the Pimp,)
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To: Berlin_Freeper
Germany is the biggest European contributor to the bailout programmes that have kept Greece afloat papered over the malfeasance of the IMF in violating its remit to fix national economies in 2010 with actions that helped French and German banks, rather than Greece for the past five years.

There, fixed that.

Yes, I know almost everyone in Europe is saying that Tsipras is a "madman". I agree with The Telegraph's editorialist on this: the madmen are the people who designed the euro and who think it's still a workable idea.

46 posted on 06/28/2015 3:20:49 PM PDT by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know...)
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To: Berlin_Freeper

Berlin officials are lying.


47 posted on 06/28/2015 3:36:35 PM PDT by Kolokotronis (Christ is Risen, and you, o death, are annihilated)
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