Did Germany's FM Schauble tell German MPS on Friday to get ready for an imminent Greek exit and bankruptcy of the Greek State ? Focus Magazine says that is just what occurred ! Blackstone President says Greece and Portugal must be ousted from the Euro to stave off collapse. If Greek pols have paid the slightest bit of attention over the past few days , they should understand to ger relief they have to play hardball like Monti / Rajoy and Hollande just did on TH / Fri with Merkel and the EU trolls . It also helps if Greek elected leadership shows up and participates at Summits !

http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_30/06/2012_449850

German official denies Schaeuble spoke to MPs about imminent Greek exit

A deputy German Finance Minister dismissed a magazine report saying Finance Minister Wolfgang Schaeuble had told conservative members of parliament on Friday to prepare for a looming Greek bankruptcy and euro zone exit.

"This report is nonsense,» Deputy Finance Minister Steffen Kampeter told Reuters on Saturday on the sidelines of a regional meeting of Christian Democrats in the western town of Krefeld.

Kampeter said that Schaeuble had spoken to the conservative MPs on Friday about the need for the austerity and reform measures in Greece to be implemented.

German newsweekly Focus reported that Schaeuble had told MPs in Chancellor Angela Merkel's Christian Democrats (CDU) and the sister party, Christian Social Union (CSU), to get ready for Greece leaving the euro zone and a Greek state bankruptcy.

The magazine said in an advance of a report in its Monday edition that Schaeuble was talking to the MPs about the further development of the European Stability Mechanism (ESM), the euro zone's permanent bailout fund. He said that an aspect that would be necessary was to have a set-up for state bankruptcies.

Focus said that participants of the meeting heard Schaeuble say that in the view of many experts Greece would not make it «without an external devaluation."

and from Focus Magazine a trio of pieces.... first 

http://www.focus.de/finanzen/news/staatsverschuldung/euro-ausstieg-der-hellenen-bundesregierung-bereitet-griechen-pleite-vor-_aid_775221.html

Greece needs probably no later than mid-August, new money.Then, one by the European Central Bank (ECB) held bonds payable, such as FOCUS learned from a note from the Federal Treasury.The pending report of the troika of the EU, ECB and the International Monetary Fund (IMF)but would come in the opinion of the federal government is unlikely to conclude that Greece has with its obligations in default.Federal Finance Minister Wolfgang Schäuble (CDU), the CDU / CSU Parliamentary Group on Friday, therefore attuned to the case of Greece and the euro-exit bankruptcy.In the upcoming negotiations on a further development of the ESM "insolvency proceedings necessary for states with this" belonged.According to many experts, it would be the Greeks 'without external devaluation' can not do, the Minister cited ear-witnesses.

ESM agent to be linked to financial transactions tax

The agreed at the EU summit in direct support of the euro rescue fund ESM to banks will make the federal government to FOCUS Information on other conditions: money from the ESM should be able to receive only financial institutions that engage with countries which are also on the financial transaction tax and its revenues from transferred to the ESM.This would reduce the risks of German taxpayers.

Kauder: ESM is not a "self-service store"

Union faction leader Volker Kauder (CDU), however, pointed back fears about the new euro rescue ESM tax money could be used lightly for ailing banks.Benefits from the ESM will it be only in the countries' own efforts, Kauder said the newspaper "Welt am Sonntag".This applies to the purchase of government bonds as well as for a direct supply of distressed banks by the ESM."The Federal Parliament has the last word," he said."At a convenience store, the ESM can not be with us," said Kauder.Germany is liable as the largest state with just under € 200 billion euros for the ESM.

and second .....

http://www.focus.de/finanzen/news/staatsverschuldung/viele-beschwerden-gegen-rettungsfonds-und-fiskalpakt-bote-bringt-gauweilers-esm-klage-um-mitternacht_aid_775190.html

The first lawsuits against the consent laws for the European fiscal pact and the euro rescue ESM went immediately after adoption in the early hours of Saturday at the Federal Constitutional Court, the first law suits.Around midnight, was a messenger from the constitutional complaint of the CSU politician Peter Gauweiler at the gate of the court.The appeal of the "more democracy" that had attached themselves to the information about 12 000 citizens, was submitted to the highest German court.This action is supported by the former Justice Minister Herta Daeubler-Gmelin (SPD) and represented the Leipzig constitutional lawyer Christoph Degenhart.A lawsuit was faxed to the left, according to a party spokesman also immediately after the Federal Voting to Karlsruhe.

Gauck waiting for the court

The first lawsuits against the consent laws for the European fiscal pact and the euro rescue ESM went immediately after adoption in the early hours of Saturday at the Federal Constitutional Court, the first law suits.Around midnight, was a messenger from the constitutional complaint of the CSU politician Peter Gauweiler at the gate of the court.The appeal of the "more democracy" that had attached themselves to the information about 12 000 citizens, was submitted to the highest German court.This action is supported by the former Justice Minister Herta Daeubler-Gmelin (SPD) and represented the Leipzig constitutional lawyer Christoph Degenhart.A lawsuit was faxed to the left, according to a party spokesman also immediately after the Federal Voting to Karlsruhe.
...

Gauck waiting for the court

A total of five complaints against the actions in Karlsruhe announced.Federal as Federal had passed laws to multi-billion euro rescue package and the fiscal pact for more fiscal discipline before, each with two-thirds majority.The Federal Constitutional Court had asked President Joachim Gauck, to delay the signing of consent laws to ESM and Fiscal Pact, to the judgment of the decided Eilanträge the plaintiff.It is expected that this still happens in July.

Briefs be submitted

"We complain of the contracts, because they mean a dismantling of democracy in two ways," said Däubler-Gmelin."For one thing forever budgetary powers and sovereignty rights of the Bundestag to Brussels to be delivered.Thus, the Bundestag election is canceled.On the other hand, the ratification is quite hectic and over in the population. "In a press release Gauweilers it was said that fiscal pact as ESM would "cast in serious breach of the principle of democracy."So wear the ESM contract to dispose of hundreds of billions in tax dollars on a "democratically legitimized not organization".
 

and third....

http://www.focus.de/finanzen/news/staatsverschuldung/focus-umfrage-buerger-wollen-mitbestimmen-gabriel-will-eu-neu-gruenden-mit-volksabstimmung_aid_775352.html

SPD leader Sigmar Gabriel has called for a fundamental renewal of the EU."We are facing nothing less than a new foundation of the European Union," said Gabriel, "Welt am Sonntag"."And this question we need to be at the end of the process also ask our people: that what you want"One of FOCUS According commissioned, representative survey conducted by TNS Emnid the citizens feel the same way: If Germany already give powers to Brussels, then it should at least vote by the people.A decision in the parliament, as happened on Friday last, not the West Germans.The majority of Germans want to decide when to be delivered within the EU fiscal powers to the European Union.

Gabriel calls "a root and branch reform of the EU"

The survey found that 73 percent of citizens calling for a referendum, while only 21 percent believe that it is sufficient if the parliament decides.Ever left the population, the clearer it is for direct democracy: reject only the followers of the FDP from there to interview the people (41 percent), while the supporters of the SPD (76 percent) and the Left Party (95 percent) with large majorities for the referendum. are party leader Gabriel called the "Welt am Sonntag" except for a popular vote, "a root and branch reform of the EU."The Europeans would have "a whole new concept of the EU to create, the people takes with him".Of the United States of Europe would not speak Gabriel."I can only imagine that the European Parliament will elect a European government, and decisions that concern all over Europe," he said."The Council of State and Government could become a second chamber of Parliament."

Gabriel: No solidarity with bankrupt banks

There will come a day on which the Basic Law must be changed, Gabriel prophesied.. "Whether it is enough a two-thirds majority in parliament, or whether the people a vote on renewed constitution has to be clarified is"The results of the Brussels summit,Gabriel evaluated overwhelmingly positive: "For states, the European requirements for their economic development and financial , to keep the pressure on European interest reserve systems can be mitigated.That makes sense -. And German interests "that banks will directly benefit from the bailout, however, is dangerous."I am in solidarity with the people in the crisis countries - but not with bankrupt banks," he said."Instead of a retransmission of liability risks from banks to the little people, we finally need a strict regulation of financial markets and the accounting separation of investment banking and commercial banking."

Debate on Euro-bonds in Gabriel's eyes only misleading

Gabriel criticized the debate on euro bondsas misleading."They are in fact long ago," he said."Is secretly and quietly present the joint liability for national debt recordings - that" Euro-bonds. "- Made without any support from the European Central Bank," Because Chancellor Merkel dare not to tell the public that it is waging "that strange excited discussion ".

Gabriel asked: "We have to finally do what Wolfgang Schaeuble suggested: correct the birth defect of the monetary union, there is no commonly controlled and responsible fiscal, financial and tax policy in the euro-zone.If we have corrected this error, then we can talk without foaming at the mouth of jointly controlled fault recordings.From my perspective we need in this debate, more and less Schäuble Merkel. "

and.....

http://www.athensnews.gr/portal/11/56642

Blackstone president: Oust Greece from euro

30 Jun 2012

To protect the core of the euro, Portugal and Greece will have to be ousted, according to Tony James. (file photo) Blackstone Group LP President Tony James, whose investment firm advised Greece's lenders on a 206 billion euro debt restructuring, said on Thursday that the euro zone will have to expel Greece and Portugal in order to survive. Greece, whose private creditors were advised by Blackstone on a haircut on their bond holdings last March, is now trying to convince its European peers, including paymaster Germany, that it needs more time to bring its finances on track. "They will keep Greece in the euro for a while longer but eventually I think they will have to push Greece and Portugal out of the euro and protect the core of the euro some way," James told a market conference in New York on Thursday. "That will mean that Germany has to pony up and it means that other countries will have to subjugate their budget to the will of the European Union," James said. Euro zone officials were working on urgent measures on Thursday to ease financial market pressure on Spain and Italy, which are too big to bail out, as EU leaders attended a summit deeply divided over how to resolve their debt crisis. Many international investors have deserted Spanish and Italian debt, pushing yields to levels that Madrid at least cannot afford for long as it tries to save banks ravaged by a property market collapse and rein in an overshooting deficit. "The crisis in Spain or Italy pushes them to the actual solution because they are too big to hide. How long (until there is a solution)? I don't know, we are getting close," James said. Saving the euro requires fundamental changes which are challenging to implement because they need backing from 17 euro zone member countries, James said. "There is political will to keep (the euro) together, clearly. I don't think anyone wants to face the crisis today. I think they will continue to try to substitute liquidity for structural solutions," James said. (Reuters) and Greece continues to get the EU cold shoulder as Juncker denies Greece should receive treatment Spain and Italy may receive ...... Italian-Spanish solution not applicable to Greece, says Juncker 30 Jun 2012 Juncker noted that Greece needed to stay on the course of reform. (file photo) The Italian-Spanish solution for direct recapitalisation of banks cannot be applied to Greece at present, since the country has already signed a Memorandum of Understanding for its bailout loans, Eurogroup chairman and Luxembourg Prime Minister Jean-Claude Juncker clarified in an interview with the AMNA webTV internet service on Friday. He noted, however, that Europe had to take into account the impact of the austerity measures, especially on low income groups, and had no right to trigger a humanitarian crisis. That interview in full: Could the summit's decision for Spain and Italy concerning the recapitalisation of banks also apply to Greece? The speficity of aspects of the programme that we decided on for Spain and Italy is different from that of Greece, which is a country that has entered a [bailout] programme, whereas Spain and Greece fulfill the conditions set for their fiscal reform and therefore, a priori, an Italian-Spanish solution cannot be applied to Greece. Nevertheless, doesn't the phrase about 'similar cases' leave margins for its application to Greece as well? If Greece should find itself in a similar position to that of Italy and Spain then, of course, the solution could also be applied to Greece. Greek citizens wonder, however - as you have also noted - if this austerity programme will ever come to an end. I believe that a strict budget must continue to be applied in Greece because Greece must definitely reform its public finances, it must improve its falling competitiveness and [correct its] weaknesses. That said, I do not overlook that living conditions, especially for those on low incomes, are making it ever more difficult to live, and all Europeans must take this situation into account. We do not have the right to provoke a humanitarian crisis in Greece. With a new government now in place, is the memorandum renegotiable? There must certainly be talks between the Greek and European authorities. I cannot prejudge the outcome that will arise from these talks. But I am in constant contact with the Greek prime minister and these matters will be raised. (AMNA)