Tag Archives | Greece

Eurozone. Germany, Greece play chicken

It may be a holiday weekend in the US but in Europe, the Eurozone is disintegrating. We are watching history unfold as we barbecue  burgers here.

Greek Euro exit may exceed 1 trillion euros and would be “unmanageable”

The European Central Bank’s exposure to Greek liabilities is more than twice as big as the ECB’s capital

Niall Ferguson: “Greece is the symptom not the cause

Germany walks away from Greece

Forbes tries to be humorous but admits this is just the opening skirmishes in the inevitable crumbling of the Eurozone.

Germany and Greece play chicken in demolition derby, Euro smashed

It’s the European Demolition Derby. Smash! Crash! Crunch! Whack! Fenders banged up. Radiators steaming. Tires flattened. Greece and Germany are playing chicken. Greece presses down the accelerator and heads for Germany.

“If you force us out of the euro, all of Europe will go up in flames,” say the Greeks.

“Oh, Ja?” say the Germans, turning on the speed in their Mercedes

The most likely outcome is that the various cars will indeed smash into each other.

Market Ticker on the loathsome Christine Lagarde, IMF head and her plutocrat insistence that countries be destroyed so banksters can become wealthier even though they knew they were making garbage loans.

[Greece] should start by placing all the bonds they issued and which LaGarde’s IMF, along with the other banksters, lent upon into the paper shredder and send the bits to the ECB and LaGarde via FedEx. After all every one of these institutions was part and parcel of increasing credit into their economy at a greater rate than GDP, and thus was fully aware they were effectively counterfeiting Euros into the Greek economy.

That this action was legal doesn’t change the moral depravity of the act, nor does it excuse those who committed it from the consequences.

Trying to appeal to the morality of the banksters is pointless as they don’t have any. If they did, they wouldn’t deliberately be destroying countries.

The consequence, incidentally, is that you lose your money as you don’t get repaid, and the bogus nature of your claimed “asset valuations” and lack of capital behind your positions is exposed.

It called capitalism, something the banksters profess to believe but by their actions, clearly don’t. Their corrupt, diseases entities continue to shamble upon by looting governments and populations.

Greece will leave Eurozone, says German press

From tomorrow’s edition of Deutsche Wirtschafts Nachricthen: “The Greece-exit is a done deal: According to the German economic news from financial circles EU and the ECB have abandoned the motherland of democracy as a euro member. The reason is, interestingly, not in the upcoming elections – these are basically become irrelevant. The EU has finally realized that the Greeks have not met any agreements and will not continue not to meet them. A banker: “We helped with the Toika. The help of the troika was tied to conditions. Greece has fulfilled none of the conditions, and has been for months now.”

The troika is composed of unelected ex-Goldman executives who want to financially rape Greece to further enrich the bankers, who knew damn well the loans they made were junk and should never have been made. The populace of Greece, who had nothing to do with the loans, is being forced to pay for the sins and crimes of others in the name of a bogus “austerity.” So, for a banker to whine that they tried to help Greece is sactimonious, self-serving rubbish.

Greece stops paying pharmacies, who are now charging full-price.

The Eurozone banksters are very sorry that granny in Greece may not be able to afford her meds so that the reckless, garbage loans they forced on Greece can be repaid. But really, what’s a few dead grandmothers in comparison to extortion-like loans being repaid so that a corrupt tiny few can further enrich themselves.

A Greek exit is very bad news for Obama and could seriously threaten his reelection.

Greece tells Eurozone and banksters to stuff it

Game on. Greece is about to do an Iceland and tell the banker thugs to go screw themselves. Good.

The sooner our rotten, corrupt international banking system is forced to restructure and their diseased, parasitic entities are given the opportunity to fail, the better it will be for the rest of us. With a bit of luck, we may even be able to put some of these “bankers” in prison.

The head of the Radical Left Coalition in Greece says Greece can survive internally and pay all its bills by the simple expedient of defaulting on their debt and nationalizing the banks.

Now what’s left for the rest of Europe? They’ve got a problem — a big problem. By nationalizing the banking system he flushes the private parties that would otherwise play “hand grenade” with the economy and government.