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Caught On Tape: Dijsselbloem To Varoufakis: "You Just Killed The Troika"

OWoN: Chaos rules in a world run by fools.

We now simply wait for what will happen next and then we will see what nonsense they try to use to gloss lipstick on the failed EU.

While the banks try and spin out of the derivative hits. Disinformation rules.

Caught On Tape: Dijsselbloem To Varoufakis: "You Just Killed The Troika"

Zero Hedge
By Tyler Durden
31 January 2015

Amid 'turmoiling' stock markets on Friday, CNBC's Simon Hobbs summed up the status quo's thinking on the new Greek leadership when he noted, somewhat angrily and shocked, "The Greeks are not even trying to reassure the markets," seeming to have entirely forgotten (and who can blame him in this new normal the world has been force-fed for 6 years) that political leaders are elected for the good of the people (by the people) not for the markets. Yesterday saw the clearest example yet of Europe's anger that the Greeks may choose their own path as opposed to following the EU's non-sovereign leadership's demands when the most uncomfortable moment ever caught on tape - the moment when Eurogroup chief Jeroen Dijsselbloem (he of the "template" foot in mouth disease) stood up at the end of the EU-Greece press conference, awkwardly shook hands with Greece's new finance minister, and whispered..."you have just killed the Troika," to which Varoufakis responded... "wow!"

As Keep Talking Greece reports,

The joint press conference was concluding, when Greek Finance Minister Yanis Varoufakis droped a last bombshell. “…and with this if you want – and according to European Parliament – flimsily-constructed committee we have no aim to cooperate. Thank you.” Varoufakis was referring to the famous Troika, the country’s official creditors consisting of the European Union, the International Monetary Fund and the European Central Bank..

After concluding with a “Thank you” Varoufakis gives the word to Eurogroup Chief Jeroen Dijsselbloem, who wants to hear the translation first. Then he takes off the ear phones, he stands up and sets to leave. An enforced-looking shaking of hands delays the departure of the Dutch FinMin.

Dijsselbloem quickly whispers something to Varoufakis’ ear, he briefly replies back and the Eurogroup chief leaves the press conference hall as soon as it was possible.

Video: the Awkward Greek-Eurogroup Moment

The whole afternoon, Greek and international media were trying to find out “What the hell did they two men said to each other!?”

Private Mega TV reported short before 9 pm on Friday.

Eurogroup chief whispered to Greek FinMin’s ear “You just killed the Troika” and that Varoufakis replied with a simple “WOW!”

Dijsselbloem: Whisper…whisper…

Varoufakis: Whisper….

Dijsselbloom slides his hand away

Back remains Varoufakis with one palm open and the left hand stuck in his pocket – relaxed Greek style

The two men talk for a couple of minutes with lips hidden from the cameras.

Dijsselbloem leaves without turning back to watch his interlocutor.

I don’t quite understand why Dijsselbloem is sour. I’m sure that Varoufakis told him the same things when they had their 2-hour face-to-face talks.

Unless they were talking about Gouda and Feta and the Greek FinMin surprised him when he said at the press conference, that the Greek government will not negotiate with the Troika.

And furthermore, why is he offended? He is chief of the Eurogroup, he does not represent the Troika…

Most probably he was expecting a Yes-Man behavior like in the past with HOHOHO-jocker Jean-Claude Juncker, when he was Eurogroup head.

Juncker – FinMin Venizelos

Juncker – Spanish FinMin

* * *

Later that evening Yanis Varoufakis gave an excellent more in depth interview with BBC's Newsnight... to explain why Greece will not accept more debt from the EU...

* * *

One final thought - how long before this chart converges?


1 comment :

  1. Putin Orders Special Forces To Protect Greek Leaders Life “At All Costs”

    Most astounding, perhaps, in this report is its detailing that Prime Minister Tsipras, nearly immediately upon his receiving Russian special forces protection, fired his first shot against both the EU and US banking oligarchs by publishing an open letter to the German people that, in brief part, said:

    “My party, and I personally, disagreed fiercely with the May 2010 loan agreement not because you, the citizens of Germany, did not give us enough money but because you gave us much, much more than you should have and our government accepted far, far more than it had a right to. Money that would, in any case, neither help the people of Greece (as it was being thrown into the black hole of an unsustainable debt) nor prevent the ballooning of Greek government debt, at great expense to the Greek and German taxpayer.”

    Historic Revolt Against Corrupt Western Banksters Now Underway


    Further, he has correctly observed that debt from the bailouts of the so-called troika€ – the IMF, ECB and the European Commission – does not help get Greece out of insolvency. In fact, it is making Greece's dire situation even worse. Further, the steps taken by the troika since it imposed its will on the country in 2010 have brought about an economic overhaul in Greece that has brought the economy to its knees, and is perhaps the worst collapse in any European country in eight decades. He says that the troika has imposed a €œtoxic program on Greece.

    But here is the important point, Eric: Mr Varoufakis has repeatedly said that to honor the mandate given by the people of Greece in the recent election, the new Greek government has no intention of cooperating with the troika. And the fuse of the ticking time-bomb that goes off if Greece leaves the eurozone is very short.

    The troika is supposed to dish out on February 28th a new 7 billion euro loan as part of the ongoing bailout. What Mr Varoufakis wants and correctly says what Greece needs is debt forgiveness, not more debt. He says the only alternative is to renegotiate the bailout in order to get a huge reduction in Greece's debt.

    Read more at links above


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