R K Posted February 10, 2012 Share Posted February 10, 2012 http://www.reuters.com/article/2012/02/10/us-greece-police-idUSTRE8190UC20120210 (Reuters) - Greece's largest police union has threatened to issue arrest warrants for officials from the country's European Union and International Monetary Fund lenders for demanding deeply unpopular austerity measures. In a letter obtained by Reuters Friday, the Federation of Greek Police accused the officials of "...blackmail, covertly abolishing or eroding democracy and national sovereignty" and said one target of its warrants would be the IMF's top official for Greece, Poul Thomsen. The threat is largely symbolic since legal experts say a judge must first authorize such warrants, but it shows the depth of anger against foreign lenders who have demanded drastic wage and pension cuts in exchange for funds to keep Greece afloat. "Since you are continuing this destructive policy, we warn you that you cannot make us fight against our brothers. We refuse to stand against our parents, our brothers, our children or any citizen who protests and demands a change of policy," said the union, which represents more than two-thirds of Greek policemen. "We warn you that as legal representatives of Greek policemen, we will issue arrest warrants for a series of legal violations ... such as blackmail, covertly abolishing or eroding democracy and national sovereignty." The letter was also addressed to the European Central Bank's mission chief in Greece, Klaus Masuch, and the former European Commission chief inspector for Greece, Servaas Deroose. Policemen have borne the brunt of the anger of massed protesters who frequently march to parliament and clash with police in riot gear. Chants of "Cops, pigs, murderers!" are regularly hurled at policemen or scribbled on walls. Does Merkin still have her own stormtroopers? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 10, 2012 Author Share Posted February 10, 2012 http://www.telegraph.co.uk/finance/debt-crisis-live/9073437/Debt-crisis-live.html The Greek police federation Poasy is now offering a bounty of €1 for each of the mission chiefs from the troika, dubbing them, quite poetically, as the "undertakers of our people's dreams". Obviously they think that the Greek people don't need much of a financial incentive to assist in bringing them in...For two years, the national federation of police officers has warned you that the policies you dictate and demand to be implemented at gunpoint will explode social cohesion and kill off any hope to restore the Greek economy. We will ask for the immediate issue of arrest warrants. Has Injin been drafted in? Looks like we'll have to send in the troops to police Greece. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 10, 2012 Share Posted February 10, 2012 I can't understand why the Greeks would not be better off in the end getting their own currency back.....why are they so paranoid of leaving the euro....the euro has only ended up being a dependency teat to them...good while it lasted, but unsustainable. If they brought the drachmae back wouldn't lots of people be better off because there would be more jobs as such as tourism started booming? Of course those holding the most assets would be worse off in a devaluation but haven't they all already bought London property? Quote Link to comment Share on other sites More sharing options...
winkie Posted February 10, 2012 Share Posted February 10, 2012 They are afraid of -immediate devaluation (imagine what it would do to their debt which is in euros) -High inflation -Loss of any influence through EU strategic decisions (see macedonia/cyprus) -Loss of access to Swiss bank accounts Perhaps it is not so bad, but they probably see this option as a Pandora's box. Would they still have a debt?......better to face the music and open the box. Quote Link to comment Share on other sites More sharing options...
R K Posted February 10, 2012 Share Posted February 10, 2012 Live cabinet meeting - for Greek speakers http://www.ert.gr/webtv/index.php/web-tv-live/net-live.html Quote Link to comment Share on other sites More sharing options...
R K Posted February 10, 2012 Share Posted February 10, 2012 Food runs starting according to unverified tweeters Perhaps Barroso could calm them by playing Ode to Joy from helicopter gunships Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 10, 2012 Share Posted February 10, 2012 Food runs starting according to unverified tweeters Perhaps Barroso could calm them by playing Ode to Joy from helicopter gunships Are you saying I shouldn't book flights to Athens for Easter? Quote Link to comment Share on other sites More sharing options...
leicestersq Posted February 10, 2012 Share Posted February 10, 2012 Food runs starting according to unverified tweeters Perhaps Barroso could calm them by playing Ode to Joy from helicopter gunships That makes a change from the normal runs you get in Greece. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted February 10, 2012 Share Posted February 10, 2012 Are you saying I shouldn't book flights to Athens for Easter? Well, I was only thinking last night what the value of property is in Greece at the moment? It seems that every German I know has at least one holiday home there, if not more. I've never been to Greece - maybe I should make a visit this Summer. Quote Link to comment Share on other sites More sharing options...
billybong Posted February 10, 2012 Share Posted February 10, 2012 (edited) 17.43 US Treasury yields slumped today as the situation in Greece became less stable and investors sought safe havens for the weekend. Something for the weekend sir. Edited February 10, 2012 by billybong Quote Link to comment Share on other sites More sharing options...
R K Posted February 10, 2012 Share Posted February 10, 2012 TechnoKraut Papademos tells cabinet to vote YES to bailout or leave govt. 6/48 ministers have already quit. Quote Link to comment Share on other sites More sharing options...
billybong Posted February 10, 2012 Share Posted February 10, 2012 (edited) 11.25 Veteran City commentator David Buik of BGC Partners gives his own, colourful take on the Barclays chief executive and his potential bonus. Quote Bob Diamond will make his peace with the board of directors, who will decide his emoluments in his capacity as CEO of Barclays – not as some spotty nosed youth who trades complicated derivatives indifferently. I suspect we may have to wait 3 weeks before we know for sure what he has taken out of the ring. Mr Diamond is articulate, sensitive and ambitious – stupid he is not. Whatever he is allocated he deserves in the name of capitalism and free enterprise and the political lynch mob baying for blood, can frankly whistle! Buik getting hot under the collar and his braces in a twist as usual. Always on TV and from the Ruth Lea school convincement of say it loud and say it pompous. Edited February 10, 2012 by billybong Quote Link to comment Share on other sites More sharing options...
bmf Posted February 10, 2012 Share Posted February 10, 2012 Well, I was only thinking last night what the value of property is in Greece at the moment? It seems that every German I know has at least one holiday home there, if not more. I've never been to Greece - maybe I should make a visit this Summer. Thomas Cook have some reasonable deals right now. I'm sure it will be lovely. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted February 10, 2012 Share Posted February 10, 2012 Thomas Cook have some reasonable deals right now. I'm sure it will be lovely. Do they come complete with helmet, bullet proof vest and a can of baked beans... I am not taking my own. Quote Link to comment Share on other sites More sharing options...
KingBingo Posted February 10, 2012 Share Posted February 10, 2012 ZOMFG!!! JUST DEFAULT ALREADY.......... Quote Link to comment Share on other sites More sharing options...
R K Posted February 10, 2012 Share Posted February 10, 2012 Buik getting hot under the collar and his braces in a twist as usual. Always on TV and from the Ruth Lea school convincement of say it loud and say it pompous. Tell you what Mr Buik, let's unwind the £325,000,000,000 of QE, and the FED and ECB b/sheets too, withdraw the £trillion odd of support for you and your chums, cancel your govt. issued bankstering licences and see where the capitalist chips fall then. Carrying your empty cardboard box down the road wondering where your 'job' and pension went I would imagine. You could always sue, or just whistle. Nobody will give a sh1t. Quote Link to comment Share on other sites More sharing options...
beccles Posted February 10, 2012 Share Posted February 10, 2012 Quote Link to comment Share on other sites More sharing options...
Deckard Posted February 10, 2012 Share Posted February 10, 2012 L-Pap is playing it straight by the technocrat book. First he offers the carrot Greece faces "uncontrolled chaos" unless it can avoid default, warns Prime Minister Lucas Papademos, adding that the country could see an end to recession if it can push through a new debt deal Then he waves the stick A disorderly default would plunge our country in a disastrous adventure. It would create conditions of uncontrolled economic chaos and social explosion...this is an hour of historic responsibility. Gotta love his rhetoric... Greek tragedy? More like tragicomedy http://www.telegraph.co.uk/finance/debt-crisis-live/9073437/Debt-crisis-live.html Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted February 10, 2012 Share Posted February 10, 2012 Thomas Cook have some reasonable deals right now. I'm sure it will be lovely. If you time it right. Alternatively you may find that the airport is barricaded, and only military jets are flying. I can see it now. 'Thousands of tourists have been evacuated by specialist coalition forces after trouble erupted' Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 10, 2012 Author Share Posted February 10, 2012 If you time it right. Alternatively you may find that the airport is barricaded, and only military jets are flying. I can see it now. 'Thousands of tourists have been evacuated by specialist coalition forces after trouble erupted' I wonder what plans are being made for that scenario! I mean a rescue of tourists and not for the military coup in Greece.. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 10, 2012 Share Posted February 10, 2012 Well, I was only thinking last night what the value of property is in Greece at the moment? It seems that every German I know has at least one holiday home there, if not more. I've never been to Greece - maybe I should make a visit this Summer. I can do you a good deal on accommodation. Bookings from Germans are down but unsurprisingly they're not too welcome either. Without the Krauts bringing hard (foreign) currency, they're (even more) screwed Quote Link to comment Share on other sites More sharing options...
AC44 Posted February 10, 2012 Share Posted February 10, 2012 Property values are still high. Or at least they are advertised at that level. For sure it is not like Ireland, since most of the building companies dont get loan to build. They usually offer the owner of the land 1/2/3 flats and they sell the other flats for profit. No need for loan etc etc most of the times. However would advice against buying since situation is totally different to UK: -Supply is quite high -Tennants are protected -Land is taxed (new law just introduced).. Quote Link to comment Share on other sites More sharing options...
R K Posted February 10, 2012 Share Posted February 10, 2012 [/url] EMSC @LastQuake A very small (M2.3) felt in the region of () 15 minutes ago. Likely to be a shalow one! Even the Gods are voicing their disquiet Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted February 10, 2012 Share Posted February 10, 2012 L-Pap is playing it straight by the technocrat book. First he offers the carrot Then he waves the stick Gotta love his rhetoric... Greek tragedy? More like tragicomedy http://www.telegraph...risis-live.html Must be a lot of banks about to be burned here? the city types on bbc etc always say it will be disasterous for the Greek people. Not really sure if I buy that. Quote Link to comment Share on other sites More sharing options...
wonderpup Posted February 10, 2012 Share Posted February 10, 2012 This has to be worrying for the men in suits: (Reuters) - Greece's largest police union has threatened to issue arrest warrants for officials from the country's European Union and International Monetary Fund lenders for demanding deeply unpopular austerity measures.In a letter obtained by Reuters Friday, the Federation of Greek Police accused the officials of "...blackmail, covertly abolishing or eroding democracy and national sovereignty" and said one target of its warrants would be the IMF's top official for Greece, Poul Thomsen. The threat is largely symbolic since legal experts say a judge must first authorize such warrants, but it shows the depth of anger against foreign lenders who have demanded drastic wage and pension cuts in exchange for funds to keep Greece afloat. "Since you are continuing this destructive policy, we warn you that you cannot make us fight against our brothers. We refuse to stand against our parents, our brothers, our children or any citizen who protests and demands a change of policy," said the union, which represents more than two-thirds of Greek policemen. "We warn you that as legal representatives of Greek policemen, we will issue arrest warrants for a series of legal violations ... such as blackmail, covertly abolishing or eroding democracy and national sovereignty." http://www.reuters.com/article/2012/02/10/us-greece-police-idUSTRE8190UC20120210 At least the government over there will have a use for all that french and german military hardware they have recently purchased. As Greece is forced by European leaders to abandon a referendum to allow the people the chance to vote on its latest bailout conditions, the country is preparing for yet another dose of austerity.The conditions of the next €130bn rescue package will be severe, yet there is an elephant in the room: the extent to which the German but also the French military industries rely on Greece. The small, crisis-hit nation, whose prime minister, George Papandreou, narrowly survived a vote of confidence on Friday, buys more German weapons than any other country. Some Greeks want to know why it is that France and Germany are demanding cuts in pensions, salaries and public services, but the buying of arms is allowed to continue unabated. Yanis Varoufakis, professor of economics at Athens University, says: "When Greek hospitals are running out of bandages, the only bit of the budget not being attacked by the EU and IMF is military expenditure." http://www.independent.co.uk/news/business/analysis-and-features/less-healthcare-but-greece-is-still-buying-guns-6257753.html Quote Link to comment Share on other sites More sharing options...
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