Political, financial turmoil in Greece

http://www.zerohedge.com/news/2015-07-08/wall-street-journal-down


And Now The Wall Street Journal Is Down

ZH went down earlier, too.

http://rt.com/news/272275-german-patriot-missiles-hackers/

I found this too.....

The German Patriot air and missile defense systems, stationed at the Turkish border with Syria, have carried out “unexplained” commands allegedly issued by unknown hackers, according to a German media report since rebutted by the government.

The US-produced missile systems, belonging to the German Bundeswehr armed forces and based on the territory of NATO ally Turkey since 2013, have been compromised, according to a report in the German Behörden Spiegel.

Oh joy! Just perfect! And who have they been commanded to point at, one wonders?

NYSE @NYSE
(1 of 3) The issue we are experiencing is an internal technical issue and is not the result of a cyber breach.

No, of course it wasn't, none of them are.

Who was it? China? Russia? Soros? The Confederate flag?

Was wondering that very thing, Bonny.  The problem is that there are so many possibilities to choose from.

Yes, it's actually quite hard to think of a country, organisation or individual that hasn't got a score to settle with Obama and co....

http://www.zerohedge.com/news/2015-07-09/china-soars-most-2009-after-government-threatens-sellers-arrest-global-stocks-surge


China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge

Well, that's one way to stop speculators - and Soros' name has come up. Amazing!

He must be having so much.......fun, as usual?

http://www.zerohedge.com/news/2015-07-10/chart-keeps-angela-merkel-night


With elections looming, Merkel's bullying tactics - that her creditor demands trump any sovereign growth ambitions another nation may have - mean if nations want more Europe, they really mean more Germany.

Merkel and a few others have, IMO, done irreparable damage to the whole concept of the EU over the past few weeks. They've proved the hard-core Eurosceptics were right all along, and disgusted former supporters of the EU with their open bullying.

And not once has Merkel - or any of her cronies - showed the slightest concern for the suffering of ordinary Greeks, saving her concern for banks. Especially German ones.

She's done as good a job of ripping scabs off wounds most people were long healed as Obama has done.

http://www.zerohedge.com/news/2015-07-12/greek-choice-hand-over-sovereignty-germany-or-take-five-year-euro-time-out

The Greek "Choice": Hand Over Sovereignty Or Take Five Year Euro "Time Out"

I don't see how Tsipras can agree to any of that, unless he wants to end up dangling from a lamppost courtesy of the Greek public, as it is the complete opposite of what he was voted in to do.

It's the complete opposite of what Greece voted for only a week ago - unless I am missing something in this tangled tale?

I hope to goodness he doesn't, Bonny.   That is absolutely disgraceful but the greedy barstewards are boldly showing their colors.

http://www.zerohedge.com/news/2015-07-12/eur-indicated-100-pips-lower-after-tsipras-mental-waterboarding

As The Guardian reports,

Alexis Tsipras was given a very rough ride in his meeting with Tusk, Merkel and Hollande, our Europe editor Ian Traynor reports.

Tsipras was told that Greece will either become an effective “ward” of the eurozone, by agreeing to immediately implement swift reforms this week.

Or, it leaves the euro area and watches its banks collapse.

One official dubbed it “extensive mental waterboarding”, in an attempt to make the Greek PM fall into line.

An unpleasant image, that highlights just how far we have now fallen from those European standards of solidarity and unity


It sure does.

The Guardian:

http://www.theguardian.com/business/live/2015/jul/12/greek-debt-crisis-eu-leaders-meeting-cancelled-no-deal-live

Some quite good reporting about the politics of all this - and emotions in Greece, which our Imperial Masters seem to have overlooked.

This is so very very wrong.  I hope they don't give in to it.  They can print their own currency?

Yes, they can return to the drachma, Lily. It's worth remembering that before it got involved in the EU, Greece was virtually self-supporting, foodwise...

http://www.theguardian.com/business/live/2015/jul/12/greek-debt-crisis-eu-leaders-meeting-cancelled-no-deal-live

Vincenzo Scarpetta @LondonerVince
Just got around to reading Eurogroup draft. Reminds me of when the Romans sowed Carthage with salt. #Greece
4:35 PM - 12 Jul 2015

Owen Callan @OwenCallan
I always figured the Creditors wd slap Greece around before offering a deal. Didn't see them beating them over the head w/ a baseball bat.
4:26 PM - 12 Jul 2015

Paul HarrisVerified account
‏@paulxharris
Looking at recent developments it basically looks like Germany refuses to accept Greece's surrender.

This is, IMO, the beginning of the end for the WHOLE EU project.

No-one paying attention to this can kid themselves it is for the benefit of anyone besides our would-be lords and masters.

It is so blatant that I don't know how it can be overlooked.

France’s Libération asks the big question: What is Germany playing at?



As long as she doesn't decide to invade Poland....

It seems we've heard this song before........

This isn't good.

http://krugman.blogs.nytimes.com/2015/07/12/killing-the-european-project/?smid=tw-NytimesKrugman&seid=auto&_r=1

Suppose you consider Tsipras an incompetent twerp. Suppose you dearly want to see Syriza out of power. Suppose, even, that you welcome the prospect of pushing those annoying Greeks out of the euro.

Even if all of that is true, this Eurogroup list of demands is madness. The trending hashtag ThisIsACoup is exactly right. This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief. It is, presumably, meant to be an offer Greece can’t accept; but even so, it’s a grotesque betrayal of everything the European project was supposed to stand for.

Can anything pull Europe back from the brink? Word is that Mario Draghi is trying to reintroduce some sanity, that Hollande is finally showing a bit of the pushback against German morality-play economics that he so signally failed to supply in the past. But much of the damage has already been done. Who will ever trust Germany’s good intentions after this?

https://twitter.com/hashtag/thisisacoup?src=hash&vertical=default&f=tweets

Sr-X ‏@Senyor__X 3h3 hours ago View translation
Próxima bandera de la UE
#ThisIsACoup

Richie ‏@assholenz 3h3 hours ago
Not only a coup but a full on blitzkrieg of German Banksters, RESIST THE NEOLIBERAL COPORATE FACISM @EU_Commission #thisisacoup

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TheFroth ‏@TheFroth 3h3 hours ago
3rd time in a century Germany divides Europe #ThisIsACoup

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Karl Whelan
‏@WhelanKarl
German request for Greece to sign over €50 billion in assets. This is 27% of Greek GDP. In the U.S. this would be €4.5 trillion.

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Huw Sayer - Writer ✒ ‏@HuwSayer 9h9 hours ago
@WhelanKarl Seems #Eurogroup determined to impose new #Versailles treaty on #Greece https://en.wikipedia.org/wiki/Treaty_of_Versailles … since last one worked so well.

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Harry Klmt ‏@kickthebricks 3h3 hours ago
#ThisIsACoup and we thought Nazis would never come back!

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Ψυχή ‏@Psychiris 3h3 hours ago View translation
SÁDICOS. ASESINOS. NAZIS. #ThisIsACoup


You get the drift......

How could you blame them because it sure looks that way.

I know, I don't blame them one bit. Merkel seems to have NO idea of the long-term consequences of what she's doing and saying, or maybe she just doesn't care? I don't know, but this is insanity.

The person that mentioned the Treaty of Versailles is spot-on. Has Merkel forgotten how well it worked out when Germany was saddled with debts it couldn't repay? Does she imagine human nature has magically changed in ninety years?

Martin Collinson
‏@MartinCollinson
So the Nation that started two World Wars and is brutalizing the cradle of democracy says the GREEKS can't be trusted? #ThisIsACoup
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Διαστημικό γαριδάκι ‏@SuperDuperEgo 23s24 seconds ago
Europe was created so that no country would get so much power to smash others. It has failed miserably. #ThisIsACoup #TsiprasLeaveEUSummit

And the same one that 'smashed' Europe on two previous occasions is trying to do it again.

lex White @AlexWhite1812
The stock of political capital that Germany has burned through this weekend is immense. Unclear how it will be replaced

I don't think it can be, the EU is FUBAR.