Not the Greeks, But Their Creditors Get Bailed Out

Ahhh, the Greeks! Long considered the cradle of Western civilization, Greece is the birthplace of democracy, the founders of Western philosophical thought. The Greeks invented the Olympic Games, literature, political science, and too numerous too enumerate scientific and mathematical principles. The first coin was minted there, as was the university education, and the idea of theater and drama.
What they did not invent was Tragedy, but they are certainly embracing it today.
In that way, the Greeks are not so different than you or I. We Americans socialized the losses of our banks, while being so dumb as to leave the profits privatized. (The worst of both worlds!). Or the Irish, for that matter, who like us and the Greeks, were foolish enough to assume the bad debts of their reckless bankers.
Whenever you hear a Bailout being discussed, look to see who it is that is actually being bailed out.

http://www.ritholtz.com/blog/2011/06/not-the-greeks-but-their-creditors-are-being-bailed-out/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29 

Greek Ministry of Finance Is Now Burning

All in a day's work for a country whose people have to carry the fat kleptofascists on their backs. Next up: all other institutional buildings. And yes, this is starting to look like May 6. In the meantime, this should be good for another 100 pips in the EURUSD.


http://www.zerohedge.com/article/greek-ministry-finance-now-burning

Skitsnack

Så, någon som vill komma med en gissning om hur många månader det tar innan nästa bailout? Eller hinner Spanien före? Här är iallafall vad Rumpan och Barosso har att säga om saken:

http://www.zerohedge.com/article/message-saluting-latest-banker-bailout-greek-conduit-brought-you-dexia

Är det bara jag som tycker att eu:s flagga formad som ett öga är lite störande?

The Selling of the World: Privatization Schemes Proliferate

Kan du se vad som egentligen händer? Finns det en bra svensk översättning till "being robbed blind"?

One of the more revealing elements of the Greek bailout discussions is not that the IMF and European finance ministers want another round of austerity from Greece before providing funding, and not even that banks are being urged to take haircuts or engage in restructuring to accommodate the Greeks. It’s that other element – privatization of state assets – that is the tell here. This is the real extraction from the Greeks, the real shock doctrine scheme at work here. Greece essentially must sell the family silver – their ports, their state-run water supply systems, their utility company, their telephone company – to get out of the mess created largely by the financial crisis and the Great Recession. This deal was already done back in May, and clearly was the most important piece of the puzzle for Greek creditors.

http://news.firedoglake.com/2011/06/26/the-selling-of-the-world-privatization-schemes-proliferate/ 

Vad vill det grekiska folket?

Streaming Video From Syntagma Square - First Day Of Greek General Strike

It's time for your daily Syntagma (not to be confused with Stgimata...yet) square live video feed, where things already are starting to have a far more violent tone compared to the primarily peaceful protests so far this year, courtesy of a substantially larger police presence as over 5,000 cops are expected to join the festivities. The protest marks the first day of the previously reported 48 hour general strike which will culminate with tomorrow's decision on the 5 year mid-term austerity plan.

 http://www.zerohedge.com/article/streaming-video-syntagma-square-first-day-greek-general-strike

Har vi hört den här förut?

Returning to the drachma would mean that on the following day banks would be surrounded by terrified people trying to withdraw their money, the army would have to protect them with tanks because there would not be enough police," said Pangalos.

"There would be riots everywhere, shops would be empty, some people would throw themselves out the window ... And it would also be a disaster for the entire European economy."

 Om bankerna inte får som dom vill kommer din katt att dö, grädden i din kyl kommer att bli sur, och solen kommer att slockna.




http://www.zerohedge.com/article/greece-deputy-pm-warns-tanks-streets-mass-suicides-if-second-bailout-voted-down-greek-parlia

Government survives vote; protesters chant insults

Greece's embattled government on Wednesday survived a confidence vote crucial to avoiding a sovereign default, as thousands of protesters chanted insults outside parliament.

 

The assembly voted confidence in the government, reshuffled by Prime Minister George Papandreou to stiffen resolve behind a painful new austerity programme, by 155 votes to 143 with two abstentions. All Papandreou's Socialist Party deputies voted solidly with the government.

 

"If we are afraid, if we throw away this opportunity, then history will judge us very harshly," Papandreou said in a final appeal for support before the vote.

 

http://www.athensnews.gr/portal/8/43543 

Nigel Farage: Greace must be allowed to default

Listen to Borges state: "We really believe that many of the current problems result from incomplete integration. In the process of developing monetary union like the United States, which is a fully integrated monetary union, you have obstacles that magnify the problem." What he seems to forget is that final fiscal and monetary union in the US only happened after the then bloodiest war in history, in a country that was already united by language law and customs. It is extraordinary that the IMF is suggesting that this economic crisis is in any way synonymous with what was happening in the US in the 1840s. The only slavery here is of the people to the Eurocrats dream. For without democratic control, we are left with something akin to slavery.

http://www.publicserviceeurope.com/article/500/greece-must-be-allowed-to-default 

Jag är trött på expressen

Jag förstår inte riktigt vad Ulf Nilsson menar här. Efter nedanstående rader ändrar han sig och säger att flertalet greker är hederliga och att det är politikernas fel. Inte ett ord om att ingen egentligen vill ha den förbannade Euron eller eu. Inte ett ord om finansparasiter som köper upp europa för pennies on the dollar, ingenting om att alternativet sparka ut parasiterna ens finns? Eller skämtar karln? Rätta mig om ni förstår vad han menar annorlunda.


Jag är trött på grekerna...
Grekerna är världens falskspelare. De äter, dricker ouzo, flinar, tjafsar och sitter på fik. Jobbar gör de så lite som möjligt. I stället lever de på pengar - astronomiska summor! - som deras regering lånar av banker, pensions-­ bolag och internationella institutioner. Utan tvivel hjälper Du - ja, just Du! - till att ­subventionera grekerna, åtminstone ­indirekt. Dessutom är det likadant med ­portugiser, ­irländare, spanjorer och i någon mån ­italienare. Alla lever de över sina tillgångar och har ändå fräckheten att vilja ha bidrag från oss hårt arbetande, högskatteplågade ­knegare i andra länder. Alla ska helt enkelt ha lika, ­oavsett den egna insatsen...

http://www.expressen.se/nyheter/1.2475921/man-fruktar-det-varsta

QUICK GREECE UPDATE: There Are Weird Reports About The Bailout Falling Apart

A quick update on Greece, the only story that matters...

http://www.businessinsider.com/greece-update-june-19-2011-6

Bankers/Politicians vs People

Från Vidsynts blogg:

”Let’s get rid of this Euro nonsense”- Nigel Farage.

http://vidsynt.wordpress.com/2011/06/17/bankerspoliticians-vs-people/

Greece Bailout Prospects Darken as European Bickering Weakens Papandreou

Greek economic prospects darkened as European bickering risked delaying the next rescue payment and defections weakened Prime Minister George Papandreou’s majority.
An emergency session of euro finance chiefs in Brussels yesterday failed to break a deadlock on how to enroll investors in a second bailout without triggering a default, casting doubt on funds due from the International Monetary Fund next month. 

http://www.bloomberg.com/news/2011-06-15/greece-bailout-prospects-darken-as-european-bickering-weakens-papandreou.html 

Läs om Zlatan som köper herrgård. Eller så kollar du vad som faktiskt händer i Grekland just nu.

Livefeed:

http://www.zerohedge.com/article/livestreaming-greek-general-strike-and-parliament-blockade