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Tomorrow Greece Decides: Europe... Or Russia
Zero Hedge ^ | 2/10/15 | Tyler Durden

Posted on 02/10/2015 1:33:52 PM PST by Enlightened1

Greek Defence Minister Panos Kammenos said that if Greece failed to get a new debt agreement with the euro zone, it could always look elsewhere for help.

"What we want is a deal. But if there is no deal - hopefully (there will be) - and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan B. Plan B is to get funding from another source," he told Greek television show that ran in to early Tuesday. "It could the United States at best, it could be Russia, it could be China or other countries," he said.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Foreign Affairs; Israel; News/Current Events; Russia; War on Terror
KEYWORDS: alexistsipras; centralbank; china; eu; europeanunion; greece; israel; mavimarmara; panoskammenos; putinsbuttboys; randsconcerntrolls; russia; syriza; vladtheimploder; waronterror
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To: Straight Vermonter

There are $26 trillion floating in Euro-based derivatives. Perhaps that’s where the 26-T figure comes from.


21 posted on 02/10/2015 2:53:35 PM PST by steerpike100
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To: Mariner

‘To save the banks’ has a familiar ring. How many times in the past couple of hundred of years have those words impacted the lives of nations and individuals in the western hemisphere? My thinking is that such thoughts have actually led to revolutions and global wars. There is a root cause which just has to be acknowledged and cleared from the nations.


22 posted on 02/10/2015 2:56:08 PM PST by noinfringers2
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To: Varsity Flight
Greek ACA.

Greek version of Øcare?

23 posted on 02/10/2015 2:56:56 PM PST by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: Straight Vermonter
The US has a GDP of $17T and debt of $17.8T
The EU has a GDP of $17T and debt of $13.9T

It's worse than that. Add to that state and local government debt.

24 posted on 02/10/2015 3:10:34 PM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: Enlightened1
Russia was unable to bail Cyprus out a few years ago despite many of its Oligarchs with large deposits in the Cyprus banking system. I doubt today with its foreign currency reserves diving it is in a position to bail out Greece.


source: tradingeconomics.com

25 posted on 02/10/2015 3:22:25 PM PST by 11th Commandment ("THOSE WHO TIRE LOSE")
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To: Enlightened1

If Russia will act today then we’ll throw in Cuba as a bonus!


26 posted on 02/10/2015 3:38:48 PM PST by The Duke
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To: Enlightened1

Bernie Sanders thinks WE should bail them out.


27 posted on 02/10/2015 4:38:30 PM PST by Impy (They pull a knife, you pull a gun. That's the CHICAGO WAY, and that's how you beat the rats!)
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To: Enlightened1

Expect a flood of immigrants from Europe?

White Europeans or Muslims? I doubt Obama would let in many whites.

Also, what does Russia have to offer Greece besides Rubles? What good is a Ruble?


28 posted on 02/10/2015 4:40:25 PM PST by Tea Party Terrorist (Why work for a living when you can vote for a living?)
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To: Enlightened1
...expect a flood of immigrants from Europe.

Take a deep breath. Not likely. This is not the 1920s. I would expect an influx of capital however, which would be marginally good for us. WW III is not in the cards either. It takes two to make the fight.

29 posted on 02/10/2015 5:29:49 PM PST by hinckley buzzard
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To: PapaBear3625
It's worse than that. Add to that state and local government debt.

Right. That amounts to ~$3T more.

30 posted on 02/10/2015 5:34:43 PM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: Enlightened1

“This would lead to the unthinkable: should Greece pivot to Russia it would permit Putin to build Russian bases on NATO soil!”

It’s called a POWER VACUUM. People here want us out of Europe...so Russia or China move in.

Happy now?


31 posted on 02/10/2015 6:01:26 PM PST by BobL (REPUBLICANS - Fight for the WHITE VOTE...and you will win.)
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To: Enlightened1

“Tomorrow Greece Decides: Europe... Or Russia”

Hopefully Russia.


32 posted on 02/11/2015 3:02:26 AM PST by Grzegorz 246
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