Olympic standard political games in Greece, but The Slog’s view winds up being vindicated yet again

Venizelos toys with Tsipras…or is it the other way round?

Only this morning, Evangelo Venizelos was briefing journalists to the effect that he would not accept the President’s Mandate to form a coalition. Early afternoon, he met with Alexis Tsipras…and said he would now accept the mandate. Three hours later, this breaks on the newswires:

” 5.10pm A shocking and possibly groundbreaking turn of events.
According to Net television, Pasok head Evangelos Venizelos has agreed
to sign a letter related to the memorandum with Syriza chief Alexis
Tsipras. What that letter will say is as yet unknown, but Net are
standing by their sources. The temperature in the coalition room just
spiked up. “

Whatever comes out of this, Mr Tsipras is learning the political lesson all wannabe gargoyles must grasp: the art of lassoing ether while wrestling an anaconda covered in slime to the floor.

But already, the suburb of Berlin-on-Brussels is displaying its fears: “If Greece decides not to stay in the euro zone, we cannot force Greece,” said Wolfie Strangelove today while addressing a conference in Germany, “They will decide whether to stay in the euro zone or not.”

And if you believe that you’ll believe anything.

Meanwhile – whether consciously or not – Bloomberg has paid me a huge compliment tonight, with this one:

‘The euro fell for the eighth day as it dawned on investors that Greek voters’ revolt against austerity, and not the victory of Socialist Francois Hollande in France, was the more significant of the two national elections in the EU on May 6.’

You read it here first.

29 thoughts on “Olympic standard political games in Greece, but The Slog’s view winds up being vindicated yet again

  1. Well your favourite shop, Tesco, had the Euro on special today – and at one point had run out. Not sure what that means – I’m off to Spain but some people were stocking up for their holidays later in the year – not sure that was a good idea.


  2. @rastaman
    We can scream all we want ,but it’s only the work that John’s doing that’s going to have any effect in the long run.


    Following is the letter of Mr. Tsipras to the Troika:

    Dear Troika,

    Samaras and Benny (Venizelaos… in your language) sign mnemonium (MoU…in your language), and dont take the sign (signature…in your language) back.
    So, now you have mnemonium sign, all OK, no problem.
    Please send 18 Billion to Greek bank so we “guarantee” them, give hair cut and shower, to stop look like hippies….
    Next month I need 10 billion for salary. Better send money in suitcase.
    Not safe use bank.

    P.S. Copy this letter in 10 copies and send it to another 10 international organizations (like IMF and ECB) and you will see great luck in your life with lots of happiness.
    G.A.P. did and he won billions in the CDR’s. His family were millionaires now they are billionaires.
    If you dont send the 10 copies you will have bad luck for the next 5 financial quarters.
    Akis Ts. did not send it, and he end up in jail. His wife stop eating and bank accounts frozen.

    Just added the comment (copied – in original text – from a facebook group of an MSM) to explain how we see politics (in general) in Greece. But we are going to have an interesting – hopefully amusing as well – summertime.

    But there is still 1(one) mayor question remaining:
    The amounts are OK, what about the currency??


  4. The Euro according to Blackadder

    Baldrick: “What I want to know sir is, before there was a Euro there were lots of different types of money that different people used. And now there’s only one type of money that the foreign people use. And what I want to know is, how did we get from one state of affairs to the other state of affairs”

    Blackadder: “Baldrick. Do you mean, how did the Euro start?”

    Baldrick: “Yes sir”

    Blackadder: “Well, you see Baldrick, back in the 1980’s there were many different countries all running their own finances and using different types of money. On one side you had the major economies of France, Belgium, Holland and Germany, and on the other, the weaker nations of Spain, Greece, Ireland, Italy and Portugal. They got together and decided that it would be much easier for everyone if they could all use the same money, have one Central Bank, and belong to one large club where everyone would be happy.
    This meant that there could never be a situation whereby financial meltdown would lead to social unrest, wars and crises”.

    Baldrick: “But this is sort of a crisis, isn’t it sir”.

    Blackadder: “That’s right Baldrick. You see, there was only one slight flaw with the plan”.

    Baldrick: “What was that then, sir?”

    Blackadder: “It was bollocks”.


  5. Things are now starting to warm-up – another first for the Slog?

    Political-Poker in Athens

    ECB speaks openly for the first time of a Euro exit by Athens

    Surprising tones from the ECB: With Joerg Asmussen, a senior member of the Reserve Bank, an exit from the euro zone by Athens is addressed for the first time. A scenario that pleases several economists.

    Whilst the tones in Athens are becoming more shrill, for the first time a representative of the European Central Bank (ECB) has spoken openly of a possible exit from the Euro by Greece. After the elections Greece cannot reckon on a willingness by the ECB to renegotiate its bail-out programme, said Governing Board member Jörg Asmussen to “Handelsblatt”.

    “It needs to be clear to Greece that there is no alternative to this agreed bail-out programme if it wants to remain a member of the Euro-zone,” Asmussen stated clearly. This statement represents a rhetorical turn-around by the ECB – never before has an exit strategy been addressed by this player.
    Tsipras, who is currently charged with forming a government, on Wednesday wanted to declare in a letter, to the EU Commission and the ECB, that the austerity programme in Greece Is null and void.
    The director of the employer-close Institute for German Economy (IW), Michael Huether, expressed himself similarly. If in doubt, then “Greece must seek its fortune outside the euro zone.”

    The country should be clear that there can be no deviation from course of budget consolidation that has been agreed in return for the second aid package totaling 130 billion euros. “Greece will only get more money from the bailout fund if it meets its obligations,” warned Huether.”



  6. Of course what Venezeslob has to do is eradicate the clause…

    ‘The Immunity from Prosecution is withdrawn forthwith……..’

    At ALL costs.


  7. Seems like a good ploy to get those 70% of Greeks who are petrified of leaving the Eurozone to behave themselves & vote properly. The fact that the population’s biggest fear is to be left to the tender mercies of their own politicians is a sad & disgusting illustration of the situation. No wonder these turds protect themselves from prosecution for corruption, they are really, from what I have seen of Pasok anyway, the total pits,

    They are like the cockroaches that I imagine when Al Pacino’s Scarface eloquently spits out the words. Venizelos is also a fitting physical representation of something a dung beetle brought home & proof, along with his party & no doubt others, that the opposite of cream can & often does rise to the top.

    But what the Hell, they are a great bunch, according to the Troika.


  8. Stevie , in addition to the protection from prosecution , Venizelos had a new law ready ( and just missed taking it through parliament ) that would wipe out any fault and sin for greek politicians and guarantee entry to heaven for all of them .Pity he just missed out with the disruption of the elections !


  9. We are your only hope for what is comming.

    Poverty within this EUROZONE it will be total destruction for Hellas.

    Could someone tell me where and how soon our 1.500.000 unemployed, growing daily by hundreds , will get a job ?


  10. @stevie…
    Seems like a good ploy to get those 70% of Greeks who are petrified of leaving the Eurozone to behave themselves & vote properly.

    I think you’re spot on there Stevie. These turds will play on this fear and exploit it for all its worth. There’s so much ignorance re the damage the euro has done to Greece. Only the truth will set them free. But where’s that going to come from????


  11. @Giorgos
    The only thing we can do (next month) is to vote …more responcibly!! Already inside polls from ND & PA-SCHOK show that SYRIZA is climbing to 25% ( a + 7,2 % in less than a week) (source DOW JONES NEWSWIRE)….as the population starts understanding what exactly is the plan signed & voted by the former Greek Gov. and how many lies have been told ….Syriza will cimb more than 30%. And than the Eurotower …… will have to…… ??? Is it called adjustment maybe??
    Most probably , they will find again the very first PLAN B’ (for the PIGS) in a forgotten drawer somewhere in Bruxelles. As soon as they clean the dust they will see the forgotten second (more competitive) EURO …..all Med & Mid East & Mahgreb countries – maybe Turkey as well) in ONE Union (suddenly many of the former illegal immigrants will be partners in one Union) all – most probably – leaded by the French socialists ( so the French can play their role as a leading Nation as well – having plenty of experience in terms with illegal immigration) and this south Union will closely cooperate with the Northern Union.

    Time will show….and the timeline will start, as soon as they decide to drill !!!


  12. It wasn’t just the Euro the destroyed Greece. The Euro was just the coup-de-grace to a moronic EU policy that benefited the powerful nations while demolishing the weaker ones.

    See kids, at the start of the 80s Greece had a surplus. It had a good agricultural and factory infrastructure, and its economy was on the rise…

    …and then Andreas Papandreou and the Socialist Party got elected and got us in the EU, under the promise that we would “open up our exports to a market of millions”.

    Of course, the promises were all lies. See, one of the provisions that he signed when we joined the EU was that Greece stopped the export of various products in countries that were part of the EU. So while, the EU gave some money to Greece as part of it joining, Greece lost many more because it stopped exporting and the major factories started shutting down one after the other. As a result, Greece started going to debt in just a year after joining the EU, and never recovered since.

    Then came the “Special Agricultural Programs” of the EU which essentially awarded farmers for throwing away they produce…

    …and a major increase in public spending….

    ….and the stock market bubble/subsequent crash…

    …and then came the Euro.

    Why is Greece in the state it’s in? The simple reason:

    We took the money. We signed contracts for easy cash, that essentially turned Greece from a producing economy to a service-based economy, we increase bureaucracy and signed moronic laws in order to get more easy cash and didn’t see the long-term effects. Add to this a leader who was very big in manipulating the masses, and a sold-out media establishment that always supported the party line, and you can see why things are in the state they are in.

    We took the money. That what we did.

    And we are now paying the price.


  13. Interesting political spin from Tsipras, Ekathermerini today:

    “Despite this failure, he said, his party had succeeded in bringing a sea change to the political scene with foreign creditors now more open to renegotiate the bailout’s onerous terms”

    Seconds out, round two!


  14. Worstall is right but he’s not the first person to list the flaws in the Eurozone project. They’ve been obvious to many Sloggers and others for several years. It’s all explained by the sad but astonishing fact that it was a political dream project, not a sound economic project based upon realities. But in the EU, political dreams trump everything. The elites are now paying the heavy price for more socialist madness. However, I believe Barroso still doesn’t ‘get it’, judging by his recent announcement to have yet another unelected EU President, as if two isn’t enough!

    The death march has begun…..


  15. The baton today passes to Venizelos to try to form a government in Greece. It wouldn’t surprise me one bit if he actually succeeds. After all, Pasok and New Democracy only need a paltry two more seats to have a majority. They may well be able to bribe or intimidate a few seat holders into submission – or, heaven forfend, strike an unholy deal with the Golden Dawn.

    If they could do this, why didn’t they do it right away, when Samaras had the ball? Easy. They needed Syriza to try and fail first, in order to show the people that “there is no alternative”.


  16. The tide is turning against the FP in Ireland? Evidence please? The last opinion poll on 30th April showed 47% Yes, 35% N, 18% Don’t knows. Is there is a new poll? If there is, we should be told!
    What is definitely throwing a spanner in the works is the M.Hollande’s commitment to change the conditions of the treaty to include growth stimulus. Is this influencing people’s voting position? We don’t know, because we haven’t seen any new poll! If, once again The Slog is ahead of the game here, please share!


  17. Yana

    I wouldn’t put it past him, it’s a damned shame that Tspiras couldn’t put something together if only to bring out the true face of the Troika,
    Eye of a needle & Venizelos, I don’t think so.


    Only if the above happened are the Greeks likely to see the truth, their media is owned by oligarchs much the same as everybody elses. The majority everywhere still trust their governments & the MSM. I imagine that this is why 47% of the Irish are willing to basically sign a blank cheque on trust. I’m sure hardly anyone has read the fiscal treaty documentation. It’s not hard to see why the Eurocrats can get away with so much: ” good men do nothing ” etc.


  18. It’s amazing to see that the fiscal pact is virtually unlawful under European Law and violates EU Treaties. One wonders how it is that 25 EU member states signed up to it.


  19. BT: The only ones who HAVEN’T paid anything approaching a heavy price are the political elites. Not yet anyway.


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