Monday, February 16, 2015

Yves Smith — Eurogroup Talks Terminated; Greece “Won’t Take Orders on Bailout”


Yanis was not bluffing.

Naked Capitalism
Eurogroup Talks Terminated; Greece “Won’t Take Orders on Bailout”
Yves Smith

4 comments:

Malmo's Ghost said...

CNBC reporting recent poll showing 81% of Greeks want to stay in euro, and 65% want Greece to come up with a fair deal to accomplish that end. Only 30 % wish for Syriza to stick to its demands:

http://www.cnbc.com/id/102429071

YV isn't going to budge, however. Neither will EZ. Parallel currency won't happen either. Like I wrote over the weekend, EZ gonna smoke em out by cutting off funding lifelines. Watch.

Tom Hickey said...

This is likely correct, MG, and YV has already told Europe what the next step in the game is probably going to be — Golden Dawn acceding to power. I would add, or the termination of what's left of democracy in Greece.

Peter Pan said...

What % want SYRIZA to manage the upcoming crisis?
What % want SYRIZA to resign?

Unknown said...

MG,
That poll was conducted before Wednesday last week. From what I gather, the Greek Opinion has shifted dramatically after the hard line stance by Germany.

Planning for A grexit by Greece will not take place in public. It will happen overnight, and will happen after EU begins cutting off the lifelines.

If that happens things are not going to look good for the Euro. Just too many dominoes stacked up by the banking sector 10's of trillion to 100's of trillion Euros of derivatives at risk. A volatile Euro will cause the house of cards to come tumbling down.