The Greek negotiations in two pictures

Euclid arrives, confident that they can make a deal....



...alas, no deal, no summit, no soup for you!   "Poor bugger," Christine Lagarde thinks to herself.



Apparently, selling euros and equities on Friday afternoon to buy them back early Monday is the new market inefficiency...
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washedup
admin
July 12, 2015 at 3:32 PM ×

Ha - my personal favorite was the one below - there is about 10 big numbers of a EUR/USD bid offer embedded in this one..

http://i.telegraph.co.uk/multimedia/archive/03372/newPic_3123_jpg_3372705b.jpg

So the plot thickens - my best guess is the ECB will fudge and find a way to keep supporting via ELA till the Greek parliament approves the new measures.

One of these days Merkel will just ask the US treasury to take a hike - "this is what you guys get for making me cry in 2011"

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Anonymous
admin
July 12, 2015 at 4:23 PM ×

this is the start of a new world war just being fought economically - greeks will now cede sovereignty to germany by approving these new conditions because they don't have a choice - slowly the other stragglers will do the same through multiple crisis or just worsening economies, and finally France, the big prize will fall. Somewhere hitler is smiling in his grave.

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Anonymous
admin
July 12, 2015 at 4:46 PM ×

An inefficiency like that usually ceases to exist once someone has enough instances to notice it.

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Anonymous
admin
July 12, 2015 at 5:46 PM ×

Yep - "I love it. Rallying into the weekend for the third weekend in a row in expectation of a deal. No way the Eurogroup or Germany are going to come back with a no or simply a counter proposal that the Greeks just can't take and back to stand off or worse again.

Hopium."

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Anonymous
admin
July 12, 2015 at 9:36 PM ×

The Greeks look fit, fat are the others in the top photo. Is it the Mediterranean diet..or the leisurely lifestyle?

A nation that's unwilling to part with it's 30 hour work weeks, 14 weeks paid vacation and retirement at 55 is simply never going to be productive enough to become fiscally viable!

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Anonymous
admin
July 12, 2015 at 11:37 PM ×

This was the weekend that Germany, whilst asphyxiating their victim, revealed their true lizard-selves...
https://www.youtube.com/watch?v=WP49-qftyuk

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Anonymous
admin
July 13, 2015 at 12:15 AM ×

Christine says: "Merde... this one looks like the usual Greek who prefers the men. I miss Yanis with his motorbike and raffish charm, I always had a thing for Bad Boys"

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Anonymous
admin
July 13, 2015 at 4:01 AM ×

http://www.afr.com/markets/equity-markets/why-greece-must-resist-germanys-plan-to-sell-the-family-silver-20150713-giauyt

"... [the Greeks] must simply hand over "valuable Greek assets of €50 billion" to be privatised - flogged off to decrease the debt. Who will do the privatising? Schäuble proposes that these Greek state assets - airports, electricity companies, whatever - should be surrendered to a body called the "Institution for Growth in Luxembourg". And who is in charge of this institution, eh? Jawohl, meine Freunde! It turns out to be a front for the German KfW, the Kreditanstalt fur Wiederaufbau, the state development bank that was set up, ironically, as part of the postwar Marshall plan to rescue the bombed-out German economy.

These Greek state assets may be tarnished, they may be indebted, but they belong to the Greek people; and now the 72-year-old Schäuble is seriously proposing that this family silver should be taken and sold by the Germans. Why the Germans? Because it is obvious from Schäuble's proposals that he has complete contempt for the Greeks' ability to run their own affairs."

Boris Johnson -- Mayor of London

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Anonymous
admin
July 13, 2015 at 7:32 AM ×

Better to default fully then sell assets, to raise funds that will stay in Greece, who thinks up this rubbish....

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Nico G
admin
July 13, 2015 at 1:08 PM ×

what a fucking shocker - there is just no hope for the West

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Anonymous
admin
July 13, 2015 at 4:01 PM ×

They've had half-a-decade to privatize SOME of that $50B...the same that they committed to at the start--and done NOTHING. And "privatized" or not, it will once and always belong to the Greeks.

Wait 'til that Giant Squid class-action comes through and all will be well again.

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70mack
admin
July 13, 2015 at 11:45 PM ×

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