No More Bets On Grexit Says Boggart Blog Bookie

With the major bookmakers, inclusing Willam Hill, Ladbrokes, Fred Done and Paddy Power abbouncing they have closed the book on all bets concerning the Greek exit (Grexit) from the Eurozone, the Boggart Blog bookie has no option but to follow suit.

In the event of a rush of money (on when rather than if) he would not be able to hedge it with the bigger players.

The move from bookies was prompted by information leaked from the IMF:

Greek officials have made an informal approach to the International Monetary Fund to delay repayments of loans to the international lender, highlighting the parlous state of Greek finances, but were told that no rescheduling was possible.

According to officials briefed on the talks by both sides, Athens was persuaded not to make a specific request for a delay to the Fund, which is owed almost €1bn in two separate payments due in May.

Although Athens was rebuffed, the discussions, which occurred in private earlier this month, are a sign that the Greek government is finding it increasingly difficult to scrape together enough money to continue to pay wages and pensions while meeting its debt payments to external lenders.

Yields on Greek bonds soared on Thursday following the news, with yields on three-year paper rising 134 basis points to 25.10 per cent, the highest since the country’s restructuring. Its 10-year yields climbed 45 basis points to 12.18 per cent…

IMF officials have been consistent in demanding that a rescheduling of repayments can only come as part of a completely renegotiated bailout programme. Should it miss a payment, Greece would become the first developed economy to go into arrears at the Fund, something only counties like Zaire and Zimbabwe have done in the past (and with disastrous consequences.)

One inside source said the proposal was to “reshuffle the repayment schedule for the IMF loan over the coming months,” allowing Greek government leader Alexis Tsipras the money to pay pensions and public sector salaries while negotiating with European creditors over payment of the next tranche of bailout loans.

As a reminder, Thursday morning, reports indicated that Athens has appealed to the IMF for a reshuffling of its debt repayment schedule so that the government can pay pensions and public sector wages while attempting to negotiate a deal with creditors — Tsipras was rebuffed.

Graham Sharpe, A spokesman for William Hill had this to say:

“Greece had been heavily backed down ro 1/5 to be the first to quit the Eurozone, and we’d also been shortening the odds for Greece to leave during 2015. They’d come down from 5/1 to 3/1.It is now looking increasingly likely that they could begin the process of departing very shortly’

‘No one is interested in backing Greece to stay in the Eurozone until the end of the year, so we decided to pull the plug on the markets until either the decision to leave is taken, or the crisis point passes and a plan is put in place enabling the country to remain in’ added Sharpe.]

RELATED POSTS:
Has German Finance Minister Goven The OK For A Greex EU Exit Referendum?
Comments by German Finance Chief Wolfgang Schaeuble seemed to indicate that the EU’s paymaster is ready to let Greek PM Tsipras put continuing Euro single currency membership for Greece to a popular vote. Any such move could affect negotiations with creditors by allowing Syriza to claim it hasn’t betrayed its support base, but a vote also risks plunging the country into turmoil should the gambit backfire

Brussels Euronazis Message to the New Greek Government: We Don’t Care About Humanitarian Issues

Middle class Greeks are living in squalour and scavenging for food because of Euro zone austerity measures thanks to EU imposed austerity measures (Image source)

When in 2010 the so called Troika, the unholy trinity of The International Monetary Fund, the European Central Bank and the European Commission, the E U’s governing bureaucracy abolished democracy in Greece and imposed a government of bureaucrats loyal to the Euro Nazi Federal Superstate movement, elected representatives in Athens have been forced implement six consecutive austerity programs which have severely lowered the living standards of working people, devastated Greece’s social systems and plunged millions into poverty.

This is why on 25 January, the majority of the Greek population decided to vote for a party that raised their hopes for a better future by promising an end to austerity.

Four weeks later this dream has been shattered and the new ruling party have been royally shafted by the Euronazi @Bastards of Brussels. In last week’s negotiations the Toika left no room for doubt that it will not deviate from its path of totally and utterly humiliating Greece and its people and demanding ever tighter austerity policies in return for allowing Greece to continue its ruinous membership of the corrupt and discredited European Union.

In other words: The working people of Greece will have to keep filling the gaps in the state budget generated by the bank bailout in the beginning stages of the Euro crisis.

Germany’s finance minister Schäuble jumped at the chance of using the confrontation with the new Greek government for a deliberate show of intransigence, delivering a clear message to the working people of Europe: The troika’s policies are solely determined by the interests of financial capital which has no concern for the plight of jobless teenagers, starving senior citizens or cancer patients, who are no longer able to pay for their medication.

Right after the Greek elections, the IMF made it a point to demonstrate its power by immediately suspending its payments to Athens. On February 11, it was followed by the ECB, which stopped accepting Greek state bonds as collateral for ECB loans. Contrary to official reports in the media, this measure was not directed against Greek banks (whose emergency credit line was immediately extended by 5 billion euros), but against the Greek government, which had dared to openly oppose the Troika’s policies, and by extension the Greek people, as if they haven’t yet suffered enough for the incomptence of their crooked politicians and the Naziism of the EU overlords in Brussels.

The economic groundwork having been laid by the IMF and the ECB, the EU, led by Germany, has now taken over and begun to systematically humiliate the new Greek government. Ignoring any mention of the humanitarian catastrophe brought about by austerity politics, each and every proposal for even the most gentle steps to relieve the suffering of the Greek people drew a response of outright rejection. Instead, the EU insisted that Syriza submit to complete adherence to all agreements forced on the country under the predecessor governments and accept them as an essential prerequisite for further negotiations.

Mainstream media unleashed an intensive campaign of slander, trying to stir up anti-Greek sentiment by blaming Greek working people of having lived “beyond their means”, of having obtained membership in the Eurozone by fraudulent means (in fact it was forced on the by Brussels), of showing no gratitude towards their “saviors” and refusing to fulfill their obligations towards their “partners”.

You cannot do much to help the Greeks, contribute as generously as you can afford to any charity appeals after firsr making sure the money will be used tobuy and diftribute food and essentials to the people and not used to stuff the pockets of the Brussels Euro rat bureaucrats and their banker buddies.

Closer to home, you can make sure it doesn’t happen here by voting UKIP in May. Remember, the Conservatives, Labour and Lib Dems, the Greens and SNP, would take us right into the Euro on terms dictated by Brussels despite the fact that the European Monetary System has demonsrtably failed and plunged most member states into economic case.

So on election day it’s a straight choice, you can vote UKIP or you can vote Nazi.
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Financial Coup in Greece

From day to day mainstream and alternative media commentators speculate about when Greece will finally admit is is bankrupt and will have to leave the European Single Currency system, abandon the Euro and return to the Drachman, and the Euronazis of brussels admite they were wrong to bend the rules in order to get Greece to adopt the Euro, and stop piling more agony on the long suffering Greek people and help organize a painless exit.

NEIN! Germany’s Bild Comdemns Latest Greek Can Kicking Exercise

German Ubermacht Gives Greek Upstats The Finger In European Union Confrontation.

Syriza Official Vows to Kill EU-US Trade Deal as ‘Gift to All European People’

An official with Greece’s newly elected Syriza party may have killed a proposed EU-U.S. trade deal that has faced opposition from civil society. The Transatlantic Trade and Investment Partnership (TTIP), now facing its eighth round of talks between negotiators this week in Brussels. The TTIP, which would be the biggest trade deal ever, has been criticized as a corporate-friendly deal that threatens food and environmental safety under the guise of “harmonization” of regulations.

Click Here to read full post:
Syriza Official Vows to Kill EU-US Trade Deal as ‘Gift to All European People’

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Having written a book on the evil trade treaty that will transform the democratic nations into corporate oligarchies, we step aside and hand the baton to Jim Hightower of Alternet who is equally outraged about the iniquities of TTIP’s equally evil twin, TPP.

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I really don’t want beef with growth hormones or chickens washed with chlorine or food produced with banned pesticides and additives to name but a few, and I certainly don’t want our farmers undermined: Jamie Oliver on TTIP
India’s Ruling BJP Party Crushed In Regional Poll

India gets it own UKIP and they are already winning elections as The Common Man party shocks the establishment by tapping into the anger about institutuionalised corruption in the world’s biggest democracy

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(As you can see we have built up quote a library of posts on TTIP, TPP etc – and these are not all our articles on the topic) TTIP democracy TTIP – the corporate sovereignty deal The American Political System Is “Not A Democracy Or Constitutional Republic” – Thiel Could Corrupt EU-US ‘Free Trade’ Deal Be Extended To Israel?

World Government On The Way Is The EU Coming Unglued The Death Of Democracy Currency Wars – Russia’s move to dump the Petrodollar a href=”http://www.greenteethmm.com/eu-nazi-ttip.shtml”>European Union Euro – Nazis Block Democratic Challenge To TTIP Travestybr /> TTIP threatens UK National Health Service Corporate monopoly men want everything The Euronazi TTIP will kill democracy The EU anti integration movement America going for global hegemony ahead of US$ collapse The Free Trade conspiracy that spells the end of freedom Global government? The Conspiracy Is Winning Transatlantic fascism coming to an EU member near you Is the Europe Canada Trade Deal Dead?

Violence Flares In Spain As E U Imposed Austerity Pain Increases

Those who stumble through life with their eyes closed may have missed the news last week that unemployment in Spain has reached 27% and EU imposed austerity measures are causing severe hardship as they have in France and Portugal. And now, as has already happening in Greece though not in Portugal yet, resentment of the Euronazi’s determination to put their cherished single European government project ahead of the welfare of Europe’s people, resentment is turning into violence.

Police and protesters have clashed at an anti-government demo in the Spanish capital, Madrid, with bottles thrown and officers making baton charges. The government is set to reveal a new plan to turn the economy around.

There were violent scenes close to the Spanish national parliament on Thursday, as unrest broke out at a demonstration by protesters calling for politicians to stand down.

Some 1,000 activists gathered in front of a police barrier surrounding Madrid’s lower house of parliament, some attempting to pull the barricade down. A group threw bottles and firecrackers at police, who responded with baton charges.

Spanish daily newspaper El Pais reported on its website early Friday morning that 29 people had been injured, 14 of them police. A further 15 people were arrested, with parliament cancelling its session for the day.
Read full article – you will not see this in mainstream media

In spite of this we still have people in all three major British parties calling for closer integration with Nazi Europe. So the only conclusion we can draw is the Conservatives, Labour and the Liberal Democrats want us to end up like Spain and Greece in the short term and in the long term become a province of the German pan – European empire.

There are elections next week, you know what you have to do. And ignore those Tory and Labour orchestrated attempts to discredit UKIP with unsubstantiated allegations about racism, they only show how worried the main parties are.

10% Of Greeks Living In Extreme Poverty

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Greek debt deal, Greek taxpayers must stump up for Euro folly

It seems the Euro has been saved at the expense of democracy and inndividual freedom again.

from The Daily Beast:
Greek leaders on Thursday reached a deal for deep austerity cuts, a government official has confirmed. By enacting austerity cuts, Greece is now eligible to receive bailout funds from the European Union—and thus will avoid defaulting on its debt. The deal came just hours before Greece’s financial backers were set to meet in Brussels to discuss the debt crisis. The euro and Greek stocks rose Thursday after the news of a deal broke Greece’s two major labor unions called for a 48-hour strike on Friday and Saturday against the cuts. Meanwhile, Greek unemployment rose to another new record, of 20.9 percent, in November, up from 18.2 percent in October. The average jobless rate for 17 eurozone countries edged up to 10.4 percent in November from October’s 10.3 percent.

read full story

We predicted at The Daily Stirrer some time ago the (B)euro(c)rats of Brussels, the unelected elitists who run our lives would sacrifice the future to save theie precious single nation bureaucratic dictatorship project.

The Greek population are angry and have taken to the streets to protest against being sold into slavery by their leaders. It seems we may soon be hearing little Sir Echo Cameron mimicking Obama’s calls for military intervention in Greece.