JUL 13 SIT EC y POL
LATEST FROM EURONEWS:
http://www.euronews.com/2015/07/13/eu-leaders-react-to-greek-agreement-struck-at-brussels-summit/ [Here only one reaction. To get full art open the above web
page]
It has been suggested by some the Greek people have been
humiliated and the pressure has mounted on the country’s left leaning
government. The devil will be in the detail of the agreement.
“So the marathon Brussels summit
means Greece won’t be forced out of the eurozone. The story has not ended here
because there
are six EU member states which will need parliamentary approval for the
transfers of the third international assistance programme for Greece,”
said euronews correspondent Sandor Zsiros.
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---- ZERO HEDGE
Germany Just Killed Its Golden Goose. Submitted by Tyler Durden on 07/13/2015
It’s not just about
Greece, it’s about the whole EU. The
Troika thinks that by scaring the living daylights out of the periphery, its
power will increase. Germany just killed its golden goose. And boy, is
that ever stupid. The main thing here is that Don Corleone was not a psychopath
or sociopath, and that’s more than you can say for Schäuble and Dijsselbloem
and Juncker and their ilk. While brute force may look attractive and decisive
and all, in the end it will be their undoing. The Italians and Spanish and French have noted every word of this, and
more. Europe as it is, is already over. Everything from here on in is a mere
death rattle.
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The
(Amended) Founding Principles Of The European Union. Submitted by Tyler Durden on 07/13/2015
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How The Greek Deal Almost Collapsed At 6am In The Morning. S- by Tyler Durden on 07/13/2015
[ You will notice in the
note below the intention of converting Don Tusk into hero. He avoid Tsipras
& FinMin to live the building . That is illegal kidnapping. It was a
totally illegal Act ]
That began at Saturday's Eurogroup meeting as a
contentious exchange between EU finance ministers (who experessed their extreme
consternation at the projected size of a Greek ESM package which was suddenly
43% larger than the figure from the Greek proposal thanks to a €25 billion
provision for bank recapitalization) nearly ended in a Grexit, both
figuratively and literally when, at 6am Monday morning Brussels time, Greek PM
Alexis Tsipras headed for the door after discussions with Angela Merkel hit
what both leaders deemed to be an intractable stalemate.
Or so the story goes.
As the two leaders made for the door it was Donald Tusk,
the president of the European Council, who moved to prevent the fatigue and
frustration from triggering a historic rupture for the eurozone
“Sorry, but there is no way
you are leaving this room,” the former Polish prime minister said.
The sticking point was the size and purpose of a
privatisation fund to be backed by sequestered Greek assets. Ms Merkel wanted
the €50bn of sales to be devoted to debt repayments; Mr Tsipras saw that as a
national humiliation that would cede control of assets worth almost a third of
Greek national income. His alternative was a smaller fund, whose proceeds would
be reinvested in Greece.
A compromise was ultimately found after more than an
hour discussing nearly a dozen different structures. It was to be the coda to a
weekend that featured one of the most exhausting and fraught negotiations in a
seemingly interminable crisis that has provided the EU’s sternest test.
Yes, a "compromise" was found, and one which
has undoubtedly left the majority of Greeks wishing Tsipras had ignored Tusk
and simply announced to the world that the drachma was about to make its
not-so-triumphant return to the global FX markets because by sticking around,
the PM who came to Brussels with a clear mandate to lead his country out of the
euro "with his head held high" (to quote Nigel Farage) left without
€50 billion in airports,
planes, and infrastructure and more importantly, without the collective
pride of the Greek people.
Thanks Donald Tusk.
[Tsipras & the FinMin were
not allowed to get out by force from the building. The big man Don Task blocked the exit. This is simply a kidnaping.
That is illegal. ]
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Greek
Lawmakers Won't Back Deal; Finnish FinMin Says "Can't Agree" To New
Greek Loans. Submitted by Tyler
Durden on 07/13/2015
Is the Greek "deal" falling apart already?
STUBB SAYS FINLAND CAN'T AGREE TO
NEW LOANS FOR GREECE
KAMMENOS: GREEK PM TSIPRAS WAS
BLACKMAILED AT EU SUMMIT
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Greece
Just Lost Control Of Its Banks, And Why Deposit Haircuts Are Imminent Submitted by Tyler
Durden on 07/13/2015
SADISTIC CELEBRATION FROM THE CORPORATE POWER
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David
Einhorn Says Varoufakis "Must Not Be Familiar With The Tyler Durden School
Of Negotiation".Submitted by Tyler
Durden on 07/13/2015
"Mr. Varoufakis, who kept reminding everyone that he is
a professor of game theory, believed that the European leaders would prefer to
make concessions now rather than manage the disruption of a Greek default. He
must not be familiar with the Tyler Durden school of negotiation: the first
rule of using game theory is you do not talk about using game theory.
What’s more obvious is that Syriza didn’t understand what the game is."
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The
One Lesson To Learn Before A Market Crash. Submitted by Tyler
Durden on 07/13/2015
Greece is saved!!! I mean BANKERS
are saved!!! The market will celebrate the total capitulation of
Greece to the EU bankers. Nothing has been resolved. The debt won’t be repaid.
The can has been kicked again. Portugal, Spain, Italy, Ireland and even France
are essentially insolvent. It’s all a ponzi scheme.
The bankers win and the people lose. Hope is not a strategy. Hussman’s
weekly tome shows how a crisis plays out. Bad shit happens and the powers that
be react with bad solutions that keep their wealth and power protected. Their
bad solutions lead to a worse crisis. More bad solutions.
And so on, until complete collapse.
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German
Production Is A Facade Built On Bad Loans.... Submitted by Tyler
Durden on 07/13/2015
Similar to the US banks who funded home owners that
shouldn’t have received mortgages and made a fortune doing so – at least
initially, the Germans funded the periphery nations
in an effort to drive output growth domestically. However, financing
a large portion of ones’ customer purchases is a high risk endeavour. And
the Germans are in the midst of this hard lesson.
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Argentina
As A Model For Greece. Submitted by Tyler
Durden on 07/13/2015
"I think that if Greece were to leave the Euro
things would get very complicated for them... and this would create the same
very unhealthy situation as we have in Argentina. Why? If people start
storing value in a foreign currency, in this case Greeks using Euros, this will
create a huge lack of transparency and affect normal trade flows and
transactions. And we know that the parallel economy in Greece is already
quite large the way it is. So imagine an exponential version of that. It
would be a very difficult period for Greece."
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What
Assets Did Greece Just Hand Over To Europe: "Airports, Airplanes,
Infrastructure And Most Certainly Banks" Submitted by Tyler
Durden on 07/13/2015
The Simpsons were right all along...
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Yanis
Varoufakis: "Merkel's Control Over The Eurogroup Is Absolute, They Are
Beyond The Law". Submitted by Tyler Durden on 07/13/2015
The new Greek deal is "absolutely impossible, totally
non-viable and toxic …[they were] the kind of proposals you present to
another side when you don’t want an agreement." Speaking with
The New Statesman, former Greek FinMin Yanis Varoufakis blasts Wolfgang
Schaeuble's position which will lead to "a humanitarian crisis" for
Greece and warns, regarding this latest creditors' proposal, "if
anything it will be worse [for the Greeks]." His conclusion is
succinct, "we were set up...," Merkel and Schäuble’s control over the
Eurogroup is absolute, and that the group itself is beyond the law.
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Greek
Lawmakers Won't Back Deal; Finnish FinMin Says "Can't Agree" To New
Greek Loans. Submitted by Tyler
Durden on 07/13/2015
Is the Greek "deal" falling apart already?
STUBB SAYS FINLAND CAN'T AGREE TO NEW LOANS FOR GREECE
KAMMENOS: GREEK PM TSIPRAS WAS BLACKMAILED AT EU SUMMIT
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Don't Feed
The Zombies... Submitted by Tyler
Durden on 07/13/2015
Headline reports give you only the public stories –
simpleminded narratives that even voters can understand. The hidden
story – and the real story – is that these are all clashes, battles, and
skirmishes in the Great Zombie War. On the one side: honest workers,
businesses, entrepreneurs, and households. On the other: fixers, meddlers,
thieves, layabouts, and criminals. Is it really that easy to understand? Probably
not. But it helps us put things in perspective.
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"In our view, there are two main factors keeping
investors sidelined. One is the residual implementation risks involved in
the latest arrangements... The second, of much broader importance, is
the accumulated evidence of the inadequacy of the Euro area's present fiscal
governance, which takes up too many resources and exposes the whole system to
collapse."
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Munchau:
"The Eurozone As We Know It Is Destroyed". Submitted by Tyler
Durden on 07/13/2015
Despite the euphoria in global equity markets, The
FT's Wolfgang Munchau - once one of the keenest euro enthusiasts - warns
regime change is coming in Europe. The actions of the creditors has
"destroyed the eurozone as we know it and demolished the idea of a
monetary union as a step towards a democratic political union," Munchau
exclaims, fearing they have "demoted the eurozone into a toxic fixed
exchange-rate system, with a shared single currency, run in the interests
of Germany, held together by the threat of absolute destitution for those who
challenge the prevailing order." He concludes rather ominously,
"we will soon be asking ourselves whether this new eurozone, in which the
strong push around the weak, can be sustainable."
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How
German Media See The New Greek 'Deal' Submitted by Tyler
Durden on 07/13/2015
Germany's largest public TV broadcaster's most popular show
explains how "Greece was assigned to its place..."
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After
"Deal", Here's What's Next For Greece. Submitted by Tyler
Durden on 07/13/2015
Now that Greece has capitulated and offered up its
sovereignty in what can only be described as an unconditional surrender to
Berlin and Brussels, here's what's next for the country, the government, and
the Greek people.
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'1984'
Comes To Europe - The End Of Freedom Of Speech In Spain. S- by Tyler
Durden on 07/13/2015
Spain has shown that it is fully on board with the Brussels
authoritarian direction of ending democracy. Those in power have simply
convinced themselves that the people do not understand what is good for them so
they must impose their will upon the people but raw force. How does this
differ in any what from the justification of imposing communism? This
is the death of all freedom and it is upon our doorstep.
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Tsipras
Releases Statement Following Greek "Deal", Will "Fight To Regain
Lost National Sovereignty" Submitted by Tyler
Durden on 07/13/2015
"Greece will continue to
fight, and we will continue to fight, so that we can return to growth, regain
our lost national sovereignty"
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Greek
Banks Not Out Of The Woods, May Impose Tougher Capital Controls, Barclays Says.
Submitted by Tyler Durden on 07/13/2015
Even with a deal in place and a new program for Greece on
the horizon, the country's banks are by no means in the clear as deposit
outflows, limited breathing room under ELA, and deteriorating asset quality
present formidable stumbling blocks going forward.
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Submitted by Tyler
Durden on 07/13/2015 - 07:44
- Greece Capitulates to Creditors’ Demands to Cling to Euro (BBG)
- Euro zone strikes deal with Greece after all-night struggle (Reuters)
- Tsipras Moves From Predator to Prey at Euro 'Torture' Summit (BBG)
- Euro’s Greek Boost Evaporates as Analysts Predict Losses to Come (BBG)
- Greek Fury Meets Resignation at Demands for Concessions (BBG)
- Poland Blames ‘Carefree’ Greek Populists for Tough EU Aid Deal (BBG)
- Europeans Press for Iran Nuclear Deal on Monday (WSJ)
- Iran nuclear talks: Deal 'near completion' (BBC)
- In speech, Clinton to put wages at heart of economic policy (Reuters)
- China’s Incendiary Market Is Fanned by Borrowers and Manipulation (NYT)
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"The
Genie Is Out Of The Bottle" - The Moment The Euro Became Reversible/
Submitted by Tyler Durden on 07/13/2015
... It was on the table. And that means that to some extent,
the genie is now out of the bottle. Brussels is officially discussing how to
engineer Greece’s departure. The euro is not irreversible. Clearly, they will
not do “whatever it takes” to keep it together.
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Deal
Struck Following Total Capitulation By Tsipras: Market Awaits Greek Reaction To
Draconian Deal Terms. Submitted by Tyler
Durden on 07/13/2015
Just around 9am CET, after a 17-hour mammoth all-night
session, Greece did manage to cobble together a "deal" if one may
call this latest embarrassing can-kicking that, which was nothing short of
total capitulation by Tsipras. As part of the deal, Greece "surrendered to
European demands for immediate action to qualify for up to 86 billion euros
($95 billion) of aid Greece needs to stay in the euro" in the words of
Bloomberg.
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GLOBAL RESEARCH
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RT-SPUTNIK & LATEST SHOWS
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RON PAUL ON GREECE CRISIS: IS
AMERICA NEXT? Sputnik http://sputniknews.com/us/20150713/1024575211.html
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NOTICIAS EN ESPAÑOL
"El bien común desafÃa al
capitalismo" Hernan Soto Entrevista con François Houtart,
sacerdote y sociólogo belga
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"Una reestructuración condicionada por
medidas neoliberales es un mal acuerdo para Grecia". Pablo GarcÃa. Entrevista a Éric Toussaint
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El trasfondo de la negativa alemana a aliviar
la deuda griega. Yanis Varufakis
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PRESS TV
'Sticking
points' in Iran talks remain. Mon
Jul 13, 2015 The White House says Iran and the P5+1 group of countries have
made real progress in the nuclear talks but several issues remain unresolved.
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US
calls Greece deal best for Europe. Mon Jul 13, 2015 The United States
has hailed the agreement reached between Greece and its international creditors
as a key development toward rebuilding trust and reviving the country’s
economy.
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‘Zionist
oligarchs fund US candidates’. Mon Jul 13, 2015 Americans' lack
in-depth knowledge of political parties in the United States.
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