Tomorrow Greece Decides: Europe... Or Russia

Zero Hedge ^ | 2/10/15 | Tyler Durden

[Enlightened1]

There is a 9 out of 10 chance that Greece will not take another bailout from E.U. central bank. The are a lot smaller than we are and they have 26 Trillion in debt. While we have 18 Trillion.

Anyhow, if Greece collapses, then the E.U. will collapse. It will strengthen the U.S. Dollar and expect a flood of immigrants from Europe.

If Greece goes to Russia, then that will be a huge blow to the E.U. I expect other countries to follow.

I would not be surprised if World War III breaks out in either case.

[DanielRedfoot]

Time to separate the Men from the Boys.

And in Greece, that usually only can be done with a crow-bar! OHHH!! Ouch!!

[Vendome]

If Europe bails on them, I wouldn’t be surprised or blame for seeking out Russia.

The EU has treated them horribly on the one hand, on the other they have been absolutely horrendous in their monetary, economic and social program affairs.

So I won’t give them a pass there, even though I feel they were taken advantage of by Germany and France, the prick nations who are desperate to remain relevant on the world stage and essential in the EU.

Sig Heil!

[Mariner]

Germany will not yield.

All sums due on schedule, or default.

They are ready for default and have the necessary liquidity functions in place to save the banks throughout the EU...without Greece.

[baltimorepoet]

I bet the Russians would like getting naval bases in Greece & Crete, in addition to Syria — the may be making a play for bases in Cyprus as well. Taken along with seizing the Crimea, it seems like the Russians are really pushing a Mediterranean strategy.

[Socon-Econ]

Anyhow, if Greece collapses, then the E.U. will collapse.
**********
The Greek economy has already collapsed, and the rest of the EU would do well not to continue to prop them up. Let failed communist regimes, petro-dictators, and Putin’s Russia bear the cost of Greek socialism.

[TADSLOS]

Yeah, go get financial help from Russia. LMAO.

[Billthedrill]

Russian bases in Greece - now, that puts Turkey in a bit of a bind, doesn't it? I would not think that NATO would be amused, but given the Islamic propensities of the current Turkish government, I'm not sure I have a dog in that fight.

The U.S. could, of course, lend Greece money directly - that'd be Plan B referenced in the article - but given the frequent insistence on the part of the Left in Greece that the U.S. bow out of Europe, I'm guessing that plan hasn't been much developed here, and in any case if it's that or the Russians take it on, I say go for it, Mr. Putin. Lend them all the money they need.

The dream of the Left has come true - the U.S. is no longer pursuing its imperialist ways in Europe. Let us know how that works out for you all.

[sparklite2]

...because Russia’s where the money is.
[We put the rube in ruble]

[Berlin_Freeper]

In 2012, the national debt in Greece was around 303.92 billion euros.

[TADSLOS]

Russians aren’t warm and fuzzy like the post WWII Germans are. They actually expect something in return for their funny money.

[Starboard]

they have 26 Trillion in debt. While we have 18 Trillion

************
True but....we have $94 trillion of unfunded liabilities in addition to our $18 trillion in debt.

[rlmorel]

Yeah. This is strange to me. Why Russia, of all places? Because this is supposed to be a threat or something?

I don’t get it.

[bert]

russia is broke and has no frreign exchange to loan

they need every kopec

[StoneWall Brigade]

Things are gonna get ugly.

[Straight Vermonter]

The are a lot smaller than we are and they have 26 Trillion in debt. While we have 18 Trillion.

Quick googling shows:
The US has a GDP of $17T and debt of $17.8T
The EU has a GDP of $17T and debt of $13.9T

[kingu]

OH NOES! Greece is saying ‘let us spend more of other people's money or we won't follow your limits on us spending more of other people's money so we'll go look elsewhere for other people's money so we can spend more.’

So, you know, it's the same as it always is there. They need a yearly bailout of $5,000 USD for every citizen in the country. Somehow, I don't think any country in the world has an interest in paying $5k for a Greek to stay in Greece. Now, on the other hand, if they were threatening to just simply move to other countries, I'm sure that Germany and other countries might be more inclined to not have Greeks appear en mass and start claiming the local welfare and might be willing to pay Greeks to stay in Greece.

Just my take on it.

[Varsity Flight]

The way for Greece, is an expedient enforced bill, with the three letter acronym, Greek ACA.

ACA will require forced purchase by, every euro citizen, a continuing lifetime Greek Mortgage backed security, to be purchased at the Greek Government ACA Exchange.

All Greeks will be declared EXEMPT from this by law.

The U.S. Fed Reserve will serve as Advisors and will engage the CIA, under advice by it’s former Director, of covert operations of indivdual non-compliant euros, to engage in provincial “incidents” on Russian soil.

[Enlightened1]

Strange... I was able to pull up 18 Trillion. See the following links.

http://www.usdebtclock.org/

and

http://www.brillig.com/debt_clock/

and

http://www.theblaze.com/stories/2014/12/01/u-s-national-debt-soars-to-18-trillion-under-obama/

and

http://zfacts.com/p/461.html

[Straight Vermonter]

It's not that much of a difference. My point was about the EU's debt. It is quite a bit LOWER than ours, about half of what you initially posted.