Economy

Demeter

(85,373 posts)

73. ECB to Greece: Drop Dead

Sun Feb 8, 2015, 12:46 PM

Feb 2015

Even by the standards of bank thuggishness, the move by the ECB against Greece last night was a stunner. Americans have become used to banks taking houses under dubious pretexts when both the investors and borrowers would do better with a writedown. But to see the ECB try take a country is another matter entirely. As one seasoned pro said, "If anyone had tried something like this against a country with a decent sized military, the tanks would be rolling."

YVES SMITH LAYS IT DOWN FOR THE EUROCRATS...

http://www.truth-out.org/news/item/28960-ecb-to-greece-drop-dead

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

77 replies

= new reply since forum marked as read

Highlight:

Weekend Economists Split for Havana February 6-8, 2015 [View all] Demeter Feb 2015 OP

Apologies for the late start Demeter Feb 2015 #1

It's 8 PM EST and no banks have failed Demeter Feb 2015 #2

Three key moves the new Greek government should definitely do Demeter Feb 2015 #3

Greece At The Crossroads: The Oligarchs Blew It Tyler Durden Demeter Feb 2015 #5

Greece Just Blew Up the Empire's Death Star of Debt Demeter Feb 2015 #9

Greek, German ministers clash as ECB snub hits Athens' banks By George Georgiopoulos and Michelle M Demeter Feb 2015 #16

Musical interlude: Havana Scene from "Guys and Dolls" antigop Feb 2015 #4

You beat me to it! Thanks! Demeter Feb 2015 #6

Stage play Demeter Feb 2015 #7

Was thinking of that a few hours ago, elleng Feb 2015 #8

Thinking of dulce de leche? Demeter Feb 2015 #10

Not the drink, had white wine; elleng Feb 2015 #11

This is what the world looks like if you scale countries by population Demeter Feb 2015 #12

That is really cool! DemReadingDU Feb 2015 #36

Cuba's Terrain Demeter Feb 2015 #13

Cuban doctors nominated for Nobel Peace prize Demeter Feb 2015 #14

US calls for Cuba to open embassy in Havana by April Cuba says must be removed from US terror list Demeter Feb 2015 #15

THE HABANERA--MUSIC AND DANCE Demeter Feb 2015 #17

Samples Demeter Feb 2015 #18

Music of Cuba (more than just the Habanera!) Demeter Feb 2015 #19

Elina Garanca "Habanera" Carmen elleng Feb 2015 #21

What an artist! Demeter Feb 2015 #44

YES, she's utterly wonderful! elleng Feb 2015 #46

Demeter returns after taking car to mechanic in the morning Demeter Feb 2015 #20

When it comes to Cuba, one shouldn't forget things like this... MattSh Feb 2015 #22

A little fun fact (or maybe not so fun) MattSh Feb 2015 #23

Student loans are literally depressing people xchrom Feb 2015 #24

Daffy-nition: CONSOLATION Demeter Feb 2015 #29

WEST COAST PORT EMPLOYERS TO CUT SHIFTS AMID LABOR DISPUTE xchrom Feb 2015 #25

S&P DOWNGRADES GREEK CREDIT RATING AMID CONCERNS OVER CASH xchrom Feb 2015 #26

Time for the Financial Football Chant Demeter Feb 2015 #30

US CONSUMER BORROWING RISES $14.8 BILLION IN DECEMBER xchrom Feb 2015 #27

Well Demeter, you did it again. MattSh Feb 2015 #28

So sorry! Demeter Feb 2015 #31

I'm the one holding up...again. MattSh Feb 2015 #41

It takes 6 weeks to completely recover from flu Demeter Feb 2015 #43

Did I say something? Demeter Feb 2015 #32

Gazprom gets highest investment grade from China�s biggest ratings agency MattSh Feb 2015 #33

Russian Debt Safer Than U.S.? So Says China Rating House Dagong - Bloomberg Business MattSh Feb 2015 #34

Here's a "joke" for you, and anyone who is interested Demeter Feb 2015 #72

I came across something similar... MattSh Feb 2015 #75

What makes me angry is Demeter Feb 2015 #76

Well, I'm home for the duration Demeter Feb 2015 #35

That is a lot of zippers DemReadingDU Feb 2015 #38

I'm Cheap, and I'm Poor, and the Kid's coat isn't even 2 months old Demeter Feb 2015 #40

Weather is pretty much the same as here. Fuddnik Feb 2015 #50

Would a girlfriend make him stay? Demeter Feb 2015 #51

History of Cuba (Since records began) Demeter Feb 2015 #37

The 19th century: years of upheaval in Cuba US STEPS ON THE STAGE Demeter Feb 2015 #39

One Zipper Down--only took 1.5 hours Demeter Feb 2015 #42

So, we saw Jupiter Ascending Demeter Feb 2015 #45

1895�98: War of Independence of Cuba Demeter Feb 2015 #47

Remember the Maine? The Maine incident Demeter Feb 2015 #48

First U.S. occupation and the Platt amendment Demeter Feb 2015 #49

Cuba in the early 20th century Demeter Feb 2015 #52

The 1940 constitution and the Batista era Demeter Feb 2015 #53

1953�59: the Cuban Revolution Demeter Feb 2015 #54

Castro's Cuba Demeter Feb 2015 #55

US job growth over the past 3 months was the fastest in 17 years xchrom Feb 2015 #56

Bay of Pigs invasion, AND BEYOND Demeter Feb 2015 #57

Imigration AND Cuban exile Demeter Feb 2015 #58

CUBA'S Involvement in Third World conflicts Demeter Feb 2015 #59

That's interesting DemReadingDU Feb 2015 #63

I suspect it was a quid pro quo with the USSR Demeter Feb 2015 #66

Agriculture in Cuba Demeter Feb 2015 #67

MODERN CUBA--CURRENT EVENTS Demeter Feb 2015 #60

EVEN AS US JOB MARKET PICKS UP, UNEMPLOYED FACE FRUSTRATION xchrom Feb 2015 #61

CHINA'S IMPORTS DROP SHARPLY IN JANUARY, EXPORTS ALSO DOWN xchrom Feb 2015 #62

STEELWORKERS TO EXPAND STRIKE TO 2 BP REFINERIES IN MIDWEST xchrom Feb 2015 #64

'SLOW FLOWERS' MOVEMENT PUSHES LOCAL, US-GROWN CUT FLOWERS xchrom Feb 2015 #65

that's really good news! Flowers should be local, IMO. Demeter Feb 2015 #68

Noam Chomsky: A Brief History of America's Cold-Blooded, Terroristic Treatment of Cuba Demeter Feb 2015 #69

Robert Reich: Why Work Is Turning Into a Nightmare Demeter Feb 2015 #70

There's so much more to explore in Cuba Demeter Feb 2015 #71

ECB to Greece: Drop Dead Demeter Feb 2015 #73

I'VE GOT SOME LEFTOVER GEORGE SOROS Demeter Feb 2015 #74

I'm hanging it up for the weekend Demeter Feb 2015 #77