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.
RELATED POSTS:
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.

IMF’s Legard warns of a RESET of Biblical Proportions

Yesterday I warned that the New World Order had a New Buzzword, RESET, which means “Brace yourselves guys, we’re coming to shaft you up the arse again.

from Investment Watch blog:

Why did the head of the IMF, Christine Lagarde, give a warning that 2014 would be a big year of financial change? Lagarde’s forecast is based on the number she calls “magic 7.” In her many examples, Lagarde says 2014 is 7 years from the beginning of the last financial meltdown that began in 2007.

July is the 7th month of the year, and many think she is giving a date for massive change coming to the world and the U.S. dollar in a currency reset. Talk radio veteran Steve Quayle says, “In the occult, they have a maxim in their world. They must warn the people they consider useless eaters and stupid people of what they are going to do. They derive some sort of sick pleasure out of that, and it’s kind of like the ultimate mocking through numerology.

The point being is Lagarde made 10 different references in a six minute portion of her speech at the beginning of 2014; you gotta know the message is being sent. . . . What these guys are doing is basically telling everybody ahead of time that they plan to change everything. . . . Jesus said, ‘The love of money is the root of all evil,’ and I’ll take it one step further and say the control of money is the control of all evil. They are speaking the message loud and clear. This month, something big starts to happen, and it changes the rest of the world for the next 7 years. . . . We are headed for a crisis or turning point of Biblical proportions that is going to change everything literally in a matter of days, if not overnight.”

Read all this Steve Quayle article at Investment Watch

RELATED POSTS:
Told You So – You Wouldn’t Vote UKIP, Now The Nazis Are In Charge

Inland Revenue a Dysfunctional department that ‘can’t be trusted’ with power to raid bank accounts
Europe’s Bureaucratic Elite Plan More Stitch Ups To Steal E U Member Sovereign Powers
Senior Obama Aide Petraeus Extols North American Superstate

IMF Demands Ukraine Risk World War 3 in Return For Bailout Money

So how close do you think we are to World War Three?
a) We were on the brink when Putin stood by Syria but things have cooled off.
b) No worries. Liverpool don’t play Chelsea again until next season
c) Who cares so long as those racist shits Farage and Clarkson are first to get blown away.

Whichever you answered you are wrong. We are now set on a path that must inevitably lead to war and The Rent Boy President, aided and abetted by the United Nazis is determines to keep the tachometer in the red zone because the people who pull his strings need war. (What? you thought the UN was an organization dedicated to peace – name one conflict in the past 50 years they haven’t been involved in. The UN is dedicated to the profits of the military / industrial complex)

And other United nations linked bodies including the IMF are in the game too.

from Infowars
The IMF has told Kiev that if it doesn’t defend eastern areas of Ukraine against pro-Russian forces, or in other words risk going to war with Russia and starting World War 3, that a planned $17 billion dollar bailout package will have to be “redesigned”.

IMF head Christine Lagarde said that the global body would “check regularly” to see if Ukraine was keeping up with its commitments on which the loan deal is dependent. One of those commitments includes a vow to use military forces to repel Russian influence in the east of the country.

The IMF has told Kiev that the money spigot could be cut off if Kiev “loses control over (the) East of the country”.

“Which, roughly translated, appears to mean go to war with pro-Russian forces (and thus Russia itself if Putin sees his apparent countrymen in trouble) or you don’t get your money!,” Zero Hedge.

Innumerable analysts have warned that if Russia and Ukraine engage in a full blown conflict, regional and even world war could eventually ensue. The IMF is seemingly so desperate to make Ukraine another one of its loan shark client states that it is willing to risk the annihilation of billions of people to achieve such a scenario.

The fantastic “deal” that the Ukrainian people are getting in allowing the post-coup government to sell out to the IMF vampires includes a 50% hike in energy prices, a halving in pensions, crippling inflation, huge tax hikes and a freeze in the minimum wage.

Ironically, a huge chunk of that money will be used to pay Russian-owned natural gas supplier Gazprom, with whom Kiev is behind on its bills.