Godlike Productions - Conspiracy Forum
Users Online Now: 2,406 (Who's On?)Visitors Today: 1,460,349
Pageviews Today: 2,312,879Threads Today: 711Posts Today: 14,049
11:01 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece

 
Anonymous Coward
User ID: 862727
United States
03/01/2010 01:18 AM
Report Abusive Post
Report Copyright Violation
GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Merkel: There Is "No Possibility" Of Bailing Out Greece

Joe Weisenthal | Feb. 28, 2010, 8:00 PM

[link to www.businessinsider.com]

As Europe begins what's sure to be a very hectic week, the volume of conflicting statements about the Greek bailout is truly stunning.


There have been multiple reports of some kind of deal worth $30-$34 billion, and yet check out what Germany's Angela Merkel told German TV, according to the Sydney Morning Herald:

...the German chancellor denied any such plan was in the works, saying "there is absolutely no question of it".

"We have a (European) treaty under which there is no possibility of paying to bail out states in difficulty," Merkel told ARD public television.

Well, actually German will help a little:

"Right now we can help Greece by stating clearly that it has to fulfil its duties," said Merkel, adding that Greece had to "show great courage" in order to resorb its deficits and restore its "lost credibility".

Thanks a lot!
Anonymous Coward (OP)
User ID: 862727
United States
03/01/2010 01:18 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Anonymous Coward
User ID: 897752
Canada
03/01/2010 01:25 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Greece, I love your country! Kick the blood suckers out!

Focus your eyes on Iceland at this time. Kick the blood suckers out!
Anonymous Coward (OP)
User ID: 862727
United States
03/01/2010 07:00 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Greece -- Cash On Hand: in forum [Rumors]:

[link to tickerforum.org]

Aynrandfan:

Word is that the Greek gov't is now down to about 3 weeks worth of cash-on-hand to fund it's operations; you might see this over at Mish's site or Zero Hedge over the next day or two.

The Greek government is already planning on "orderly shutdowns" of "non-essential" parts of the government if it can't arrange for anything beyond that point.

3 weeks, folks.

That's all they've got.
Anonymous Coward
User ID: 901651
Canada
03/01/2010 07:29 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
If anybody actually believed her, stocks would be tanking right now. They're not.

IBs, SWFs and Hedge funds play up these 'crises' (often causing them to begin with) so they can drive up bond yields and make even more money. Nobody wants .25-.75% returns anymore.

Greece's debt-to-GDP is nothing compared to Italy or the UK but they made an easy target for speculative attack.

The UK is next though - they're weak due to an upcoming election.

Canada will be a target too, if an election is called (which will happen if the next budget fails to go through parliament) and the Liberals or NDP score to high in the polls.
Anonymous Coward
User ID: 903933
Germany
03/01/2010 07:35 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Well, actually German will help a little:

"Right now we can help Greece by stating clearly that it has to fulfil its duties," said Merkel, adding that Greece had to "show great courage" in order to resorb its deficits and restore its "lost credibility".

Thanks a lot!
 Quoting: Anonymous Coward 862727

LOL, that´ll help a lot. Best thing they could do is paying nothing and letting EU die!
Anonymous Coward
User ID: 428255
Bulgaria
03/01/2010 07:37 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Well, actually German will help a little:

"Right now we can help Greece by stating clearly that it has to fulfil its duties," said Merkel, adding that Greece had to "show great courage" in order to resorb its deficits and restore its "lost credibility".

Thanks a lot!

LOL, that´ll help a lot. Best thing they could do is paying nothing and letting EU die!
 Quoting: Anonymous Coward 903933

Yep. Let`s hope that`s what`s gonna happen, although i really doubt it
Anonymous Coward
User ID: 681829
United Kingdom
03/01/2010 07:42 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
How much of this political rhetoric is just hot air to calm attempt to stop other nations thinking they can spend spend spend at other countries' expense?

Seems to me that the back-channels will be busy with deal maiking while the news channels are full of the the jingoistic bollocks to keep that countries voters happy.

Let's face it, evry country is in the sh1t thanks to all politicians giving away our money to the banksters.

rant over. just my 2 $ worth.
Anonymous Coward
User ID: 313077
United Kingdom
03/01/2010 07:45 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
If anybody actually believed her, stocks would be tanking right now. They're not.
 Quoting: Anonymous Coward 901651


The FTSE is well off where it opened.
Anonymous Coward
User ID: 899505
United Kingdom
03/01/2010 07:46 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
let them coin their own money. im sure they must have some precious metals in their ground. Provides jobs to dig it up and coin it, and creates money with intrinsic value at the same time...

oh no but they must have rothschild euros, fake money created out of thin air. its that or nothing in the NWO.
Anonymous Coward
User ID: 903948
Canada
03/01/2010 07:55 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Where are the markets now? Any numbers? Link? Are they positive?
Anonymous Coward
User ID: 903950
United States
03/01/2010 07:57 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Where are the markets now? Any numbers? Link? Are they positive?
 Quoting: Anonymous Coward 903948


Markets globally are green.

Sweet, lovely green $$$$$$$$$$$$$$$$$.

Nothing to see here.
aVian

User ID: 805698
United States
03/01/2010 08:01 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
the money makers still play their games

get into precious metals soon
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
fuqua
User ID: 632507
Netherlands
03/01/2010 08:05 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
well it seems the sentiment has changed, france and germany are working on a bailout plan for greece.
Anonymous Coward (OP)
User ID: 862727
United States
03/01/2010 08:58 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
bump
Anonymous Coward
User ID: 903996
Malaysia
03/01/2010 09:05 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
A weak EURO is good for Europe! It makes their product cheaper in the rest of the world.
Big European companies have been begging for a weaker Euro ... Do you really think that an economy like Greece that is only 2.5% of the total economic power of the EU is able to bring the whole lot down?
Jesus, we here in the States are dealing with a couple of near bankrupt states too, and take CA, they are a huge % of our total economic might.

Nothing but stirring the shit to get our $ more expensive and their EURO cheaper.
Anonymous Coward
User ID: 466841
United States
03/01/2010 09:05 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
well it seems the sentiment has changed, france and germany are working on a bailout plan for greece.
 Quoting: fuqua 632507

bait for U.S$
Anonymous Coward
User ID: 466841
United States
03/01/2010 09:09 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Who lent Greece it's money, Old Man Saxe.
Anonymous Coward
User ID: 660580
United States
03/01/2010 09:13 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
bump
Anonymous Coward
User ID: 899556
Finland
03/01/2010 09:15 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
US TO THE RESCUE I'M SHURE
Anonymous Coward
User ID: 810898
Greece
03/01/2010 09:20 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
The Greek government is trying to find ways to keep money in their treasury. They've cut the VAT refund to export companies and this implies a stupid short term solution to keep money to the government treasury but at the same time they cut the income for these companies and for the Greek economy
Anonymous Coward
User ID: 903996
Malaysia
03/01/2010 09:22 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
US TO THE RESCUE I'M SHURE
 Quoting: Anonymous Coward 899556


What with? some more IOUs we can't cover?

Our debt and outstanding financial obligations make Greece's problem seem like a joke.

We're still around because China and Japan keep buying our treasury bonds.
Anonymous Coward
User ID: 810898
Greece
03/01/2010 09:31 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
US TO THE RESCUE I'M SHURE
 Quoting: Anonymous Coward 899556


No, actually they cannot do that. It is not permitted since Greece is in the Eurozone. I believe there will be the a bankruptcy that might bring other things amongst civil unrest. There are a lot of illegal immigrants that survive and send money back to their countries because they work for private companies that do infrastructure works (like building roads etc) for the government, so when there will be no money, they might turn against Greece and Greek natives
Anonymous Coward
User ID: 856028
Hong Kong
03/01/2010 09:33 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
US TO THE RESCUE I'M SHURE


What with? some more IOUs we can't cover?

Our debt and outstanding financial obligations make Greece's problem seem like a joke.

We're still around because China and Japan keep buying our treasury bonds.
 Quoting: Anonymous Coward 903996


Are you sure? I thought the Fed were buying them.
Anonymous Coward
User ID: 855814
United States
03/01/2010 09:36 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
Where are the markets now? Any numbers? Link? Are they positive?


Markets globally are green.

Sweet, lovely green $$$$$$$$$$$$$$$$$.

Nothing to see here.
 Quoting: Anonymous Coward 903950

you're a fucking moron
Anonymous Coward
User ID: 901651
Canada
03/01/2010 09:38 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
If anybody actually believed her, stocks would be tanking right now. They're not.


The FTSE is well off where it opened.
 Quoting: Anonymous Coward 313077


UK has it's own problems and is next in line for a speculative attack (already happening, actually - polls showed the Tories were weaker than expected).

The DAX is well up.
Anonymous Coward
User ID: 810898
Greece
03/01/2010 09:41 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
By the way, John Paulson of the Paulson Hedge Funds, one of the persons that orchestrated the attack on the Greek economy has put a bet of $4 bn that Greece will get bankrupt. Do you believe that anyone would like to disappoint such a bankster?
Anonymous Coward
User ID: 829862
China
03/01/2010 09:41 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
greece' economy is really nothing in comparison to funktioning states.

It is a holiday economy where hardly anything is made or produced... except oliveoil maybe.

Dont get your hopes up too high about a country like that destroying the EU or the euro.

It is just like one of the states in the USA is on the verge of defaulting... Hey, isnt that exactly what is happening ??? But i think in the case of the USA it is way more than one state!!

So you europe haters can bend over and take it up the ass when the dust settles and we continue to weaken the dollar.

Cheers!
Anonymous Coward
User ID: 892830
United States
03/01/2010 09:58 AM
Report Abusive Post
Report Copyright Violation
Re: GAME OVER! Merkel: There Is "No Possibility" Of Bailing Out Greece
bailout rumor #5001... this one looks like it may be for real...

"After three weeks of political wrangling, a deal to bailout Greece may actually be announced later this week, according to several reports this morning.

European Union nations are willing to come to the aid of Greece...."



[link to www.huffingtonpost.com]

News