The Euro Isn't Working

Eurostat: Euro area unemployment rate at 11.2%, EU28 at 9.8% in Jan 2015 http://t.co/DfVcntzFfl

— Open Europe (@OpenEurope) March 2, 2015

Heta's 7.6BN Euro Black Hole

Austria's Financial Market Authority stepped in on Sunday to wind down "bad bank" Heta Asset Resolution (set up from Hypo Alpe Adria).

Reuters reports that an audit of Heta exposed a black hole of up to 7.6 billion euros which the government won't fill.

The finance ministry noted that creditors can be forced to contribute to the costs of winding down Heta - or "bailed in" - under new European legislation that Austria adopted this year so that taxpayers do not have to shoulder the entire burden.

False Flag Op In Greece

Piraeus Bank management has contacted Stratfor and categorically denies problems reported at Piraeus banks in Athens. http://t.co/8KizHn13C4

— Stratfor (@Stratfor) February 27, 2015

The question is who tipped off Stratfor with the misleading story in the first place, and why did they want to start a bank run?

Germany Votes Ja!

*GERMAN BUNDESTAG VOTES 542 IN FAVOR OF EXTENSION; 32 REJECT (via @markets)

— Fabrizio Goria (@FGoria) February 27, 2015

Nein Nein Nein!

"I wouldn't buy an old car from Varoufakis or Tsipras, therefore I vote Nein! to Greek aid" - Willsch, CDU #Bundestag

— *Russian Market (@russian_market) February 27, 2015

Schaeuble Gives Greeks Rope To Hang Themselves - Germany's Cunning Stunt

German Finance Minister Wolfgang Schäuble urges parliament to approve extension of Greece's bailout - @Reuters http://t.co/KiJkyR4cby

— Breaking News (@BreakingNews) February 27, 2015

Thus Schaeuble has ensured that Greece will exit the Eurozone of its own accord, as and when it defaults and fails to fulfil its side of the agreement, ensuring that Germany will not be blamed.

Cunning eh?

Lagarde's Greek List

Here is a link to a list of 2,059 names of Greek citizens that have bank accounts with HSBC’s branch in Geneva, Switzerland.

Swiss Wait For Greek Action On Stashed Billions

As per Swissinfo:

"It’s estimated that billions of francs have been stashed in Swiss bank accounts by Greeks looking to evade taxes at home. The Greek government promised to take vigorous action against such moves, but Switzerland says the ball is still in their court."

Tax evasion is part of the Greek psyche, fat chance anything will happen on this!

Greece Admits Problem To Repay Debt

Varoufakis admits Greece will 'have problems in making debt payments' - http://t.co/4aGplvZh3t pic.twitter.com/gyQnxKHskv

— enikos_en (@enikos_en) February 26, 2015

Wheels Coming Off Greece's Reform Wagon

Been in Greek parliament for hours. Total storm going on at Syriza's revolutionary caucus. Left going wild. People charging around. Plots
— A Evans-Pritchard (@AmbroseEP) February 25, 2015

Who Wrote The Greek Reform Letter?

Step forward European Commission (ECFIN) bureaucrat Declan Costello and take a bow!

Coming Soon - The Third Greek Bailout!

Rheinische Post quotes unnamed German officials who say 3rd prog for Greece in summer will be worth at least €20bn: http://t.co/hdYRIi6f2l

— Open Europe (@OpenEurope) February 25, 2015

Troika Kyboshes Greek Reforms

Despite the fact that the European Commission in effect wrote the Greek letter outlining its proposed reforms, it seems that the Troika in the shape of the ECB and IMF are not yet on board.

The Troika has warned that Greece will have to do more if it is to be granted a €7.2bn bail-out extension before the end of the month.

Christine Lagarde, the director of the IMF, is quoted by the Telegraph warning that the Greek plan lacked “clear assurances that the government intends to undertake the reforms envisaged in the memorandum on economic and financial policies”.

The IMF still requires “clear commitments” on pensions, VAT, privatisation and labour reforms.

“We consider such commitments and undertakings to be critical for Greece’s ability to meet the basic objectives of its fund-supported programme.”

The ECB also voiced its lack of support for the reforms, as per Mario Draghi:

"We note that the commitments outlined by the authorities differ from existing programme commitments in a number of areas.

In such cases, we will have to assess whether measures are replaced with measures of equal or better quality in terms of achieving the objectives of the programme."

This hard nosed stance should come as no surprise, given that the letter from Greece contained no KPI's and was in effect a wish list of vague assurances.

Coming soon, capital controls!

Greek Conference Call

DIJSSELBLOEM: CONFERENCE CALL ON GREECE AT 14.00 THIS AFTERNOON

— zerohedge (@zerohedge) February 24, 2015

Varoufakis's Letter To Dijsselbloem

Here is a link to the text of Greek Finance Minister Yanis Varoufakis's letter to Eurogroup President Jeroen Dijsselbloem outlining Greece's proposed reforms.

Good luck with achieving all of that within the next four months!