Greece only sees 19 cents of it [bailout money]. Then again this is Greece, which is full of sound and fury for a day or two, then is happy to pick up the bar of vaseline for the next 6 months until the cycle repeats anew.

11 comments on “Greece only sees 19 cents of it [bailout money]. Then again this is Greece, which is full of sound and fury for a day or two, then is happy to pick up the bar of vaseline for the next 6 months until the cycle repeats anew.
  1. Max Power says:

    =========
    Finally, some geopolitical realism in Australasia…
    =========

    Westpac boss says group striving to combat seismic shifts in banking with ‘decade of low growth’ ahead

    Gail Kelly / Gareth Vaughan

    http://www.interest.co.nz/news/57953/westpac-boss-says-group-striving-combat-seismic-shifts-banking-decade-low-growth-ahead

    Westpac Group CEO Gail Kelly says the bank is making seismic changes to the way it operates in preparation for a decade of low economic growth rather than merely cost cutting.

    Earlier this month Westpac confirmed it was cutting about 400 jobs in Australia. Across the group Westpac has about 38,000 staff. Speaking to analysts yesterday after Westpac reported a 6% fall in first quarter cash earnings to A$1.5 billion, Kelly said Westpac was fundamentally changing the way it operates out of necessity for a post Global Financial Crisis (GFC) world with the European sovereign debt crisis also expected to have a long-term legacy.

    “We’re moving into a completely different world than we were in prior to the GFC in banking,” said Kelly. “There are some big, seismic structural shifts coming through the sector and we are adapting to those. Clearly there are seismic shifts coming in regards to what’s required in capital, what’s required in liquidity, what’s required in terms of funding and the profile of your funding.”

    “There are some big shifts coming with regards to regulation that we actually have to deal with,” Kelly added.

    [...]

  2. flicks says:

    Great Greek Art

    Bronze Sculpture made by Greek artists of genius around 2460 years ago

    http://upload.wikimedia.org/wikipedia/commons/1/1a/Netuno19b.jpg

    Meaningless Nothingness Empty are you banksters in the face of this .

    You are kenosis to your own evil will.

  3. henk says:

    the same is done on holland…the backup plans are already prepared…

  4. jogador says:

    hope Greeks get kicked out of the eurozone because they are the main reason Turkey isn’t in the eurozone

  5. badsey says:

    Turkey doesn’t need the Euro because they (their citizens) have physical gold and silver. Why would you trade your physical for a fiat Euro.

    =When Turkey had high inflation in the 90′s most citizens turned their back to fiat. Since 2004 they have had inflation (fiat) in check.

    http://www.tradingeconomics.com/turkey/inflation-cpi (plug years into chart)

  6. Jason says:

    If Greece defaults and then says to Germany and the rest of the Rothschild bankers…”Go F__K yourselves, you are NOT getting Greece”, how soon will there be a war with Greece? Americans said the same thing to England…in 1776…and the Rothchild bankers declared war on America. We kicked them out…for a while at least. Knowing that these so called loans are worthless crap…paper money…money with nothing backing it but a lot of hot air, who loses? Just print more paper and look for more suckers, right? It’s time to be honest. The fiat currency loans are not worth the paper they are printed on. It is all a shell game…a scramble for nothing.

  7. SayWha says:

    vaseline comes in jars, not bars

  8. Sandra says:

    The voice of Greek resistance tonight.

    http://www.livestream.com/stopcarteltvgr

  9. groundedkiwi says:

    Max power the fact is that in Aussie and nz same as everywhere. Government aka tax payer, are the backstop for all these banks

  10. Nat says:

    I’m not taking any action until Plan Zipadeedodah.

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