Wednesday, November 02, 2011
Schadenfreude Im Europa...
And so it begins...
So, G-Pap has called for a referendum from The People of Greece, to toss away their Sovereignty, and accept punishing Austerity at the hands of Hedge Fund Managers-- like Jon Corzine's MF Global; or to say "Fuck it," and default, and go back to stand-alone Greece, but still covered by NATO, and other agreements. Drachmas, again... and the great unknown save for Iceland, who landed well. Greece has all that and more to get itself right.
The vote looks set for Early December. The drama played out in the Finance Media will be heavy, and passionate, and apocryphal, and full of bullshit. I agree with Atrios, Greece should skip all the crap, and just go Full Iceland. Why is Sarkozy making these headline statements?
via Zero Hedge
UPDATE: ES -5pts, EUR -25pips *MERKEL SAYS EU PREPARED FOR ANY OUTCOME IN GREECE REFERENDUM
Just headlines, via Bloomberg, for now as Juncker and Sarkozy play good-cop / bad-cop:
*SARKOZY SAYS REFERENDUM WILL DECIDE GREECE'S EURO FUTURE
*SARKOZY SAYS REFERENDUM WILL BE AROUND DEC. 4 OR DEC. 5
*SARKOZY SAYS CAN'T HAVE 'PROLONGED PERIOD OF UNCERTAINTY'
*SARKOZY SAYS 'WE ARE READY TO AID GREECE'
*SARKOZY SAYS GREECE WON'T GET `SINGLE CENT' WITHOUT ENACTMENT
*JUNCKER SAYS AID PAYMENT DEPENDS ON GREEK VOTE
*GREECE HAS `LOST 8 BILLION. THAT IS A PITY,' JUNCKER SAYS
More at the link.
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Labels: Collapse, European Union, France, Germany, Greece
