ECB getting a bit short with Greece

July 7th, 2015
The Greek government complained yesterday that they are no-longer being taken seriously. Apparently they sent a 47 page document to the EU and they only got a 5 page response - which shows the EU isn't really trying anymore.

Also yesterday the ECB came out with this press release:

https://www.ecb.europa.eu/press/pr/date/2015/html/pr150706.en.html

To save you reading it, what it says in summary is: no more euros to keep the Greek banks liquid will be provided and they want more collateral to support the loans already made. In fact to cover the €89bn handed over so far they want all the assets of the all banks in Greece. Nervous much? The phrasing of the press release is decidedly casual. It just says "haircuts" are to be adjusted!

"Haircut" is a slang expression that you would not expect to see in any serious document. The ECB seems to have (or is trying to look as if they have) delegated talking to Greece to a spotty coffee-fetching intern.

Meanwhile this blog is happy to maintain its core prediction that whatever happens in Greece will involve more talks.

Confederate Rebel Flag Playing Cards

July 7th, 2015
Confederate Rebel Flag Playing Cards

Confederate 12″ x 18″ Flag With Sturdy Plastic Mounting Arm

July 7th, 2015
Confederate 12" x 18" Flag With Sturdy Plastic Mounting Arm

Rebel Flame Confederate Flag

July 7th, 2015
Rebel Flame Confederate Flag Rebel Flame Confederate 5 foot x 3 foot Flag

Motorcycle With Eagle American & Confederate Flag

July 7th, 2015
Motorcycle With Eagle American & Confederate Flag Motorcycle With Eagle American & Confederate 5 foot x 3 foot Flag

American Eagle Bursting Through Confederate Flag

July 7th, 2015
American Eagle Bursting Through Confederate Flag American Eagle Bursting Through Confederate Flag 5 foot x 3 foot Flag

Southern Choppers Iron Cross Confederate Flag

July 7th, 2015
Southern Choppers Iron Cross Confederate Flag Southern Choppers Iron Cross Confederate 5 foot x 3 foot Flag

The Rebel Confederate Hat Flag

July 7th, 2015
The Rebel Confederate Hat Flag The Rebel Confederate Hat 5 foot x 3 foot Flag

Rebel Wolves Confederate Flag

July 7th, 2015
Rebel Wolves Confederate Flag Rebel Wolves Confederate 5 foot x 3 foot Flag

Confederate With Bass Fish Flag

July 7th, 2015
Confederate With Bass Fish Flag Confederate With Bass Fish 5 foot x 3 foot Flag