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Greece Calls Crisis Meeting As Debt Talks Stall!!!

 
Anonymous Coward
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01/31/2012 03:16 PM
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Greece Calls Crisis Meeting As Debt Talks Stall!!!
zerohedge
Greece Calls Crisis Meeting As Debt Talks Stall [link to DON'T_USE_THIS.com]

há 1 minuto [link to twitter.com]
Anonymous Coward (OP)
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01/31/2012 03:16 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
bumpbumpbump
Anonymous Coward (OP)
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01/31/2012 03:21 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
ahhh
Anonymous Coward
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France
01/31/2012 03:25 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
When you see the Greek bonds interest rates how can you believe these bogus meeting would to solve anything.
Anonymous Coward
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01/31/2012 03:26 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
...would help to...
Anonymous Coward (OP)
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01/31/2012 05:36 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
bump
Anonymous Coward (OP)
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01/31/2012 06:17 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Thank you very much for the PIN! This is a major info!
Anonymous Coward (OP)
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01/31/2012 06:19 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Emergency Meeting Called In Greece, New Sign Bailout May Be In Trouble Negotiations between Greece and its creditors about the terms of an orderly Greek restructuring appear to have stalled in Athens, amid troika adamance that the country accept even more dramatic austerity measures in return for the aid they are expected to receive as part of a second bailout, according to the Telegraph.

Prime Minister Lucas Papademos has called an emergency meeting of party officials in an attempt to convince them to vote through the spending reforms and bring the debt swap deal to resolution.

Meanwhile, International Business Times reports that dissatisfaction with the Greek government rose to 91% in a poll two weeks ago, although the majority of respondents still supported Papademos.

A government explained to the Telegraph that it has been difficult to reach any kind of agreement with the inflexible troika. "The troika doesn't appear to be willing to accept any concessions whatsoever on reducing the minimum wage and scrapping bonuses," the aide said. "No political party is willing to move either, saying wage cuts are a red line they are simply not going to cross. You tell me how this is going to be resolved. We have no idea and we're very worried."

This impasse follows positive reports that Greece and its creditors would likely reach a deal this week, as well as the fallout of a now relinquished German proposal for Greece to give up budget control in exchange for the next bailout.

UPDATE: Our Greek contact @YanniKouts tells us that Greek politicians are likely to follow Papademos's lead and agree to the new austerity. Even so, we're wondering how much austerity the Greeks can handle—even if everything goes well they will likely have years of recession ahead


Read more: [link to www.businessinsider.com]
bill shitters 1.2

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01/31/2012 06:24 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Just a few days to go and we start to get ideas of whsre it ends
The retired thread killer


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we come in peace shoot to kill
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I can not talk TO aliens but do listen to the anally probed
Anonymous Coward (OP)
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01/31/2012 06:31 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Just a few days to go and we start to get ideas of whsre it ends
 Quoting: bill shitters 1.2


It's just too scary!!! uhoh
Anonymous Coward
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Portugal
01/31/2012 06:41 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Portugal is next.

Luis, you and your family better start prepping for at least 2-4 years of pure insanity over here. Things are going to get worst FAST, and if you have a countryhouse or something similar, better start prepping everything to move FAST when shtf.

living in a crowded city is a no-no next years.
bill shitters 1.2

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01/31/2012 06:51 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
When grease get outed
There will be many more willing to walk az for some iffy debt it wont mater whatt punishments are foorced when the empires faill whose to collect
The retired thread killer


Still the killa of threads

we come in peace shoot to kill
[link to au.youtube.com]

I can not talk TO aliens but do listen to the anally probed
Revbo™

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01/31/2012 07:17 PM

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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Just a few days to go and we start to get ideas of whsre it ends
 Quoting: bill shitters 1.2


It's just too scary!!! uhoh
 Quoting: Luisport


Get your passport in order, Luis. You can come hang out on the ranch with your American friends.

Hey, we're financially screwed, too, but at least we can protect ourselves from the zombies.

macgun zombies
"Audemus jura nostra defendere" (We dare defend our rights) -State Motto of Alabama
Buck Johnson

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01/31/2012 07:51 PM

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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
They keep moving the goal posts every week, it doesn't matter anyway. This whole game is being played out but it will have the country defaulting.
[link to www.s8int.com]

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Quote from Joseph Goebbels Hitlers propaganda man.
ScottFlex

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01/31/2012 08:23 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
When you see the Greek bonds interest rates how can you believe these bogus meeting would to solve anything.
 Quoting: Anonymous Coward 9939595


Its the haircuts that could screw people. You cannot entice anyone to buy bonds when current holders might take a 70% PLUS haircut.

EDIT: The whole situation is fucked and there is no way out of this one (sure they could find a way to kick the can a little longer, but overall it is inextricable).

March 20th here we come. And yes, if forced to get the buzz, hedge funds will sue.

Last Edited by ScottFlex on 01/31/2012 08:27 PM
"We must all hang together or surely we will all hang separately."

-Benjamin Franklin

"Anything you can't say no to is your master, whether its a common addiction or an abusive government..."

-ScottFlex
Think about it
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01/31/2012 08:33 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Greece for sale, people included, best thing for Greece to do is to default, and sod the EU.
Anonymous Coward
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01/31/2012 08:33 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
And will ISDA declare a 70% haircut not to be an event of default, for purposes of CDS payouts?

Seems there may be a limit to how much manipulation the Greek political system will put up, and also a limit to how much the ordinary definitions of words can be twisted and tortured with the usual impunity.
Anonymous Coward
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01/31/2012 08:35 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Greece for sale, people included, best thing for Greece to do is to default, and sod the EU.
 Quoting: Think about it 7043912


I heard on NPR yesterday that the reason they can't sell the Greek islands is that there are no buyers! I'd call BS on that one, I'd guess NPR is just on the creditors' side, angling for a lower sale price / more islands given away to pay the debt run up by the bankers and corrupt officials.

Yes, Greece should say goodbye to the EU and go their own way. I'd buy some Greek products, same as I do now.
Anonymous Coward
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01/31/2012 08:37 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
5a5a

GO DOOM!! YOU CAN DO IT!!!
ac
User ID: 1844499
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01/31/2012 08:40 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Stand firm Greece and Portugal. Iceland told the banksters to take a hike and they are recovering just fine. You don't owe the money because it was fraud from the get go. Educate your fellow citizens and just say NO.
Anonymous Coward
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01/31/2012 09:12 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
ICELAND

BUDGET SURPLUS IN LESS THAN 2 YEARS

NO RIOTS, NO DRAMA, JUST A FEW BANKSTERS ARRESTED
ScottFlex

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01/31/2012 09:33 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
ICELAND

BUDGET SURPLUS IN LESS THAN 2 YEARS

NO RIOTS, NO DRAMA, JUST A FEW BANKSTERS ARRESTED
 Quoting: Anonymous Coward 9922548


Greece is NOT Iceland... Please do more research into it and you will see why the PIIGS are screwed.

putin
"We must all hang together or surely we will all hang separately."

-Benjamin Franklin

"Anything you can't say no to is your master, whether its a common addiction or an abusive government..."

-ScottFlex
Anonymous Coward
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Canada
01/31/2012 11:02 PM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
sounds like yet another ploy to milk yet even more money out of the sheep

say "Baaaaa"
Anonymous Coward
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Portugal
02/01/2012 06:16 AM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
bump
bill shitters 1.2

User ID: 7385074
United Kingdom
02/01/2012 10:23 AM
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Re: Greece Calls Crisis Meeting As Debt Talks Stall!!!
Please do not bedismisive of greeek debt talk

All is going to plan


STALLING to delay the inevitable
The retired thread killer


Still the killa of threads

we come in peace shoot to kill
[link to au.youtube.com]

I can not talk TO aliens but do listen to the anally probed





GLP