- The charade continues …..
Agreed Upon Greek Bailout “Unagreed” 24 Hours Later As LAOS Leader Changes Mind, Euro Tumbles!
by Tyler Durden, http://www.zerohedge.com/
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:
– Greek 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.
… for more click here!