Euro countries decide Greece emergency plan

MMMMM, no belive too much what write zerohedge

what does it mean, can anybody explain in brief?

hmmm, the news. to roughen some feathers.

Why do you care about what does it mean, just look at the candles, up or down?

it looks like german newspaper not zerohedge

candles say it is bad for Euro, rest is man made story, now greece is the second one after cyprus out of capital system, lets bet the third one.

Already Eur came back where he drop, all this article from german newspaper from zerohedge from bloomberg, are only noise some pips in little time and stop hunting too. But seriously i belive in this greek drama only what they doing not what they say.

This is a plan to ram down the Greek leaders and force this issue to a resolved situation. Good or Bad. The markets need it to be over for stability. So it's time for the ECB to say you can't spend more and you have to pay your bills and if it drives them out of the euro then in the long run the Euro is stronger. The bad side is Russia might step in and finance Greece so they can have some bases on Med. just a resolve of any kind will allow Monetary Divergence resume and the Eur/ USD starts to drop.

The candle says it is a 10-20 pips news. I believe a lot of people are checking if it is true as what I am doing now.
The result is: it is true, but it is an old story, the Greek didn't decide anything yet and they might never go to that step.
Funny thing is not the news, it is the time.
The Eur just hit 1.1280 then this news comes out...
1280 is the pivot point.
I can smell the blood.

Very interesting to see one small country shake Europe like this and keep the whole world in suspense.

Likely going to be a very hot week.

Pharmaceutical shops will surely make a lot of money selling anti-depressants and "nerve coolers".

1- https://youtu.be/5KV3649ZDAs
2- https://youtu.be/HI8VVR1FYSk

Will the Greek debacle ever end? This is making trading uncertain and non directional. What next?

....frankly tired and bored of Greece's antics. by now Greece is about to outlive the friendship of Eurozone in particular and the world at large. hey!maybe its time to get it over with, let Greece go and move on ... let it sort out its own mess like resuscitating the ungrateful dead : its own economy... or Greece could try snuggling up for a change to an alternative 'troika' like uncle Putin .... maybe better than your friendlies in eurozone??

....the market has priced in on the expectation of a grexit/default ...bet there is going to be no gyration or market earthquake when this happens; the only earthquake will be in Greece: an economic earthquake that'll last for ages....

This current Greek event will lucky to be registered on their historical timeline.

Greece should get back to the Drachma and start selling Souvalakis and Retzina in the Teverna's.

Something they are experienced at

good.. so now all the euro in the world will be collected just for greece. and more QE from ECB only for greece. EZ will kept their disease in their body. when they realize, it will be to late. EU fall because of small country taking to much debt

This isn’t about Greece so much as it is about French and German banks and in particular Deutsche Bank. What these blighters have done even scares me. I’m not in the mood for recriminations today, but probably will be tomorrow!

http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

June 5: Greece misses it’s payment to the IMF. The risk of default across all of it’s debt is now considered acute. This has massive implications for Deutsche Bank.

June 6/7: (A Saturday/Sunday, and immediately following Greece’s missed payment to the IMF) Deutsche Bank’s two CEO’s announce their surprise departure from the company. (Just one month after Jain is given his new expanded powers). Anshu Jain will step down first at the end of June. Jürgen Fitschen will step down next May.

June 9: S&P lowers the rating of Deutsche Bank to BBB+ Just three notches above “junk”. (Incidentally, BBB+ is even lower than Lehman’s downgrade – which preceded it’s collapse by just 3 months)

Deutsche Bank is sitting on more than $75 Trillion in derivatives bets — an amount that is twenty times greater than German GDP. Their derivatives exposure dwarfs even JP Morgan’s exposure – by a staggering $5 trillion.

With that kind of exposure, relatively small moves can precipitate catastrophic losses. Again, we must note that Greece just missed it’s payment to the IMF – and further defaults are most certainly not beyond the realm of possibility.

http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

This epic derivative exposure is the primary reason why Germany, theatrically kicking and screaming for the past five years, has done everything in its power, even "yielding" to the ECB, to make sure there is no domino-like collapse of European banks, which would most certainly precipitate just the kind of collateral chain breakage and net-to-gross conversion that is what causes Anshu Jain, and every other bank CEO, to wake up drenched in sweat every night.

LOL quoting zerohedge. If ZH believes Deustch Bank is in trouble, then maybe it's time for me to load up on some their stocks

i think this time Greece is really to get kicked out...

They pissed everyone in EU (and maybe all FX traders) that no one wants to be bothered anymore..

Germany and ECB may have planned for this contingency already so now waiting for Greece to shoot themselves...

It's not just 0Hedge. From what I've read over the years, it appears to be the case although I don't know where they get $75 trillion from but that is indeed scary.

Tic-tac-tic-tac...the empty-pockets-clock is ticking for the sirtaki nation...

This is scary. DB looks to be massively over-leveraged.

I think we need other sources to corroborate the figures and situation

It almost fascinates me how a small country in the Mediterranean sea can cause a credit crisis. Least of all because it can't. Other than to itself that is. Yours in Papua New Guinea is up next...