Agreed Upon Greek Bailout "Unagreed" 24 Hours Later As LAOS Leader Changes Mind, Euro Tumbles
Tyler Durden's picture
Submitted by Tyler Durden on 02/10/2012 07:19 -0500


Remember the pomp and circumstance with which Venizelos showed up in Brussels yesterday carrying a two paragraph statement from Lucas Papademos in hand, saying Greece promises it has agreed to agree to make idiotic "pledges"? Well, as was largely suspected by cynical old us, even that "deal" has lasted not even a whopping 24 hours.

GREECE'S KARATZAFERIS SAYS CAN'T VOTE FOR TROIKA ACCORD AS IS - BBG
GREEK FAR-RIGHT PARTY LEADER SAYS ELECTIONS WOULD NOT PROVIDE A SOLUTION NOW, WOULD NEED MORE TIME

This is coming from the LAOS coalition member whose support for the Troika accord was supposedly in place yesterday.Alas, without his endorsement, the whole thing is off. And just to complete the sheer chaos that is about to be unleashed in Greece:

Greeek far right party leader says asks for reshuffle of Papademos technocrat gov

-> Kiss this whole thing goodbye. Just as Germany wanted all along. And the EURUSD, which lately had traded with the sheer idiocy with which one trades US 3x beta stocks, and which had soared on what was glaringly idiotic hopes that this time, just this time, things in Greece would be different, tumbles.

opular Orthodox Rally (Laos) leader Yiorgos Karatzaferis press conference: 14.19 Karatzaferis finally sips at the tea that he said he needed to badly. 14.19 Suggests that his ministers will remain in the government, but they will not vote for the agreement. Says that Prime Minister Lucas Papademos needs to take more technocrats into the cabinet. 14.18 Greece is being humiliated by Europe, he says, and he doesn't like that. 14.16 "The road is not correct," he says. Also said that Greece cannot default because it is tied up in the international financial system. 14.14 Karatzaferis says that he wanted to leave leaders' meeting on Wednesday at 6pm but was urged not to do so by other leaders as it would lead to chaos. 14.12 He says that he cannot vote for the bailout agreement in its present form. 14.11 Karatzaferis is in fiery form. Earlier, he said Greece could not live outside the EU but it can live without the German "boot". 14.07 The Laos complains that at coalition leaders' meeting he had asked for the agreement to be examined by various state institutions (Bank of Greece, courts etc) but this was not done. Couldn't agree to everything - the future of the country - in an hour. 14.03 Karatzaferis demands that the IMF's Poul Thomson be declared a "persona non grata" in Grece. 13.55 Popular Orthodox Rally (Laos) leader Yiorgos Karatzaferis begins a press conference. He opens by saying that things have been do dramatic these past few days that he needs a "tea".

Iniciado por Pensativo

¿Pero son decisivos sus votos o no?

Iniciado por Mandragora

Lo mismo un gesto de este tipo ahora mismo no es muy decisivo, pero para las próximas elecciones que haya allí sí. Y si se erige en cabeza del descontento griego un partido político organizado y con apoyo popular, entonces seguramente se origine un vuelco grande de la situación o directamente se líe parda de verdad.

Iniciado por evoilado

Lo peor es que las medidas empobreceran más al pueblo griego y efectivamente ese partido se puede intentar canalizar el descontento hacia sus ideas ¿xenófobas?.

Incluso puede ser sólo el primero...

Hungria, Letonia, Bélgica, Holanda, ¿Francia? pueden ser los siguientes