Greece votes OXI/No on more Austerity measures

Status
Not open for further replies.
Does this consider though the economic impact of the last week and a bit's events?

(I.e. the imposition of capital controls as a result of the lapsing of the second bailout and the plausible spectre of Grexit.)

Or to put it another way, could a similar outcome have been achieved without all this brinksmanship.

Depends entirely on where you think Greece will be in 4 years. My prognosis says the shitter.
 
M°°nblade;171479294 said:
Oh it is still a worse deal. Greece needs between 1-2 billion extra for every programme year.

Even if this had remained a 2 year programme, they still needed to pay 11 billion (2 billion extra) instead of 8-9 billion.

Depends. The implication is that the final 2 years of the current programme only ("only") involve E2bn. It may just be me, but it seems unlikely to me that if Greece had accepted the referendum offer and come back in 2 years, they'd have been able to get a 2nd 2-year extension for the same E2bn; their growth rate would have had to have sky-rocketed. On other words, I think this is more up-front hurt, but slightly less long-term hurt (although still too much hurt regardless).
 
Couldn't we end this freaking trainwreck with a controlled grexit instead of a chaotic one, at least?
Sigh.
 
On the plus side marginal consumption from income will get higher and higher as people's incomes fall and a greater proportion of income is spent on basic necessities, so GDP is probably going to decrease at a slower pace.

Goods news, amirite?
 
*snort*
The Pirates were hyperbole. But the AFD has only one seat less than the FDP and I am not sure if the FDP has eben remotely the relevance within Germany that the AFD now has. The AFD at least has a bunch of xenophob nutjobs, while the FDP is in political limbo.

As of last week the AfD is also in political limbo. I doubt they will recover from that.
 
*snort*
The Pirates were hyperbole. But the AFD has only one seat less than the FDP and I am not sure if the FDP has eben remotely the relevance within Germany that the AFD now has. The AFD at least has a bunch of xenophob nutjobs, while the FDP is in political limbo.

The correct answer is: All of them are irrelevant at this point.
 
*snort*
The Pirates were hyperbole. But the AFD has only one seat less than the FDP and I am not sure if the FDP has eben remotely the relevance within Germany that the AFD now has. The AFD at least has a bunch of xenophob nutjobs, while the FDP is in political limbo.

Considering that the AFD is currently in self destruct mode as well, I can actually see the FDP getting back into the Bundestag come 2017 (and that is regardless of whether they actually manage to transform themselves back into a party that can be taken seriously or not).
 
Finance minister Euclid Tsakalotos's signature:

CJg4vhAUkAAXydM.png


87574-thats-a-penis-gif-dick-font-Im-X2yp.gif
fGT3O8i.jpg

"We're gonna eat a dick this big."
 
Krugman doubling down on Grexit being the right way.

I'm starting to get convinced.
 
International negotiations should'nt be conducted solely on good faith, ffs.

Exactly. Especially if you 're dealing with IMF or EU bureaucratic elite. See below as well...
Also something VERY VERY important that indicates debt cut is on the table:
G.Varoufakis " We need an explicit agreement for debt cut now, Juncker will sell us like Venizelos "
In conversation with reporters Yanis Varoufakis said:
"We need a firm commitment of lenders for debt now, not in October like Juncker said , because we will be lied to and sold like Venizelos ".
http://www.defencenet.gr/defence/it...46;ενιζέλο

Varoufakis reads the new greek proposals in the greek parliament. His look says it all:
http://www.defencenet.gr/defence/it...;ες-από-τη
baroufkahs3.jpg

baroufkahs1.jpg

He was right in saying that he'd rather cut his ar than sign crazy austerity measures.



Whereas spitting on his recent referendum is not already a massive defacing of Greek democracy.
At this point I'd almost welcome a fucking coup. You have no idea how much I HATE typing this

Careful what you wish for. GD would be the worst thing to ever happen to our country.
What is needed is a real government with balls and spine.

Anyway, more puking: Here's Potami and Bobolas lapdog with his friend Juncker today:
http://www.defencenet.gr/defence/it...61;ιμένουν
theodorakis2-656x410.jpg


P.S.
tweet_var.jpg
 
Krugman doubling down on Grexit being the right way.

I'm starting to get convinced.
If this is what the European leadership has envisioned for Europe I agree. And I implore every other weaker country to think of the same. Staying in the Euro is madness. Their time will come. But they can yet be saved.

Any idea why the Netherlands is listed as Holland?
Both are valid games used in different countries. Might as well as complain about Greece.
 
While inaccurate, it is very common in English speaking countries to refer to the Netherlands as Holland. That image is from RBS (Royal Bank of Scotland)
Oh well, that is the people from England for you. Never could use the right name for a country.
 
So the Greeks are a proud and independent nation but when it comes to tackling the corruption problem, they need outside help? The EU has helped tremendously Greece by giving subsidies to agriculture, investing in infrastructure, etc. things that other eastern-European countries don't yet have.

The common citizen has shared the burden in other countries too, they had up to 24% tax on all goods and you think 13% is too much? The rich are already paying more if you are really taxing them. That's why tax evasion and corruption need to be reduced drastically.

Ever since the Marshall Plan, only a small part of those subsidies reached the Greek people.
Rest was annexed by those in charge.

Eastern European countries had already built an existing infrastructure and administration during the Socialist years. Things that did matter. Even Latvia's Prime Minister today was a staunch Communist back then.

Something Greece never had to such extent. Eg neighbour Bulgaria has still nuclear power plants. Even though Greece were still far ahead of those countries in living standards and organization in the 80s and 90s. So it was much easier for them to recover. 10 years ago if you were a Greek in those countries you were treated with awe and respect. Now they regard you with disdain and contempt.
 
You are Merkel, what would you do?

Say Yes to another debt cut and face the opposition in your own country or

Say No to another debt cut and face France, Italy and the US?
 
You are Merkel, what would you do?

Say Yes to another debt cut and face the opposition in your own country or

Say No to another debt cut and face France, Italy and the US?

Say no and commit humanitarian aid to a Grexit.
 
Any idea why the Netherlands is listed as Holland?

I'm living in the Netherlands currently, and I'd reckon even about 70% of the natives, speaking to me in English, refer to the country as Holland. As a foreigner, it would be strange to correct them, so I don't.

Even their official tourism website is Holland.com.
 
You are Merkel, what would you do?

Say Yes to another debt cut and face the opposition in your own country or

Say No to another debt cut and face France, Italy and the US?

I'm being slightly idealistic here, but she (slash her party slash her finance ministry slash whatever) must have an actual opinion on what would be a better outcome for Germany (which isn't necessarily the same as the best outcome for the Eurozone or Greece, but obviously those are linked in many ways). Whilst she'll certainly not be discounting the direct political fallout, if you have two shitty choices, surely you'd take the one you think is less shitty? Not that I know what she thinks that is.
 
You are Merkel, what would you do?

Say Yes to another debt cut and face the opposition in your own country or

Say No to another debt cut and face France, Italy and the US?
Merkel doesn't give a shit about what any other country thinks so the answer here is obvious.
 
You are Merkel, what would you do?

Say Yes to another debt cut and face the opposition in your own country or

Say No to another debt cut and face France, Italy and the US?
Neither will be the outcome, and I'm assuming you're referring to a haircut on the nominal value of debt.

If Greece tumbling out of the Eurozone is avoided, there's probably room to talk about reducing the debt burden in other ways.
 
I'm living in the Netherlands currently, and I'd reckon even about 70% of the natives, speaking to me in English, refer to the country as Holland. As a foreigner, it would be strange to correct them, so I don't.

Even their official tourism website is Holland.com.

I was (optimistically) thinking that maybe that was a tourism website for the Holland region. Then I saw that they include the Caribbean Netherlands so obviously not. They didn't even bother to wait for a sunny day to take the photos, the nuts.

I blame Fifa 96. Pretty sure they were "Holland" on there.
 
Say No to another debt cut and face France, Italy and the US?

She doesn't care about France, Italy and the US. She cares about Spain, Portugal, Italy, et. al., which would make a No more attractive. At the same time, she wants to avoid any political and economic unrest that might result from a Grexit. Merkel's philosophy has always been to keep things just as they are. Don't provoke any chaos unless necessary.
 
She doesn't care about France, Italy and the US. She cares about Spain, Portugal, Italy, et. al.
Yes. But rather she doesn't care about their prosperity or their people. She cares about them not waking up and smelling the ashes.

If Greece tumbling out of the Eurozone is avoided, there's probably room to talk about reducing the debt burden in other ways.
Sadly I am lead to believe there really isn't. Once the issue is put under the rug again nothing will be done. And why would it? We were discussing about it being possible when the subject isn't toxic, but when it's not there will also be no motivation to deal with it. Ergo Greece will be promised things which will not be delivered again and will be shafted like they were in 2012, and any attempts at negotiation will be dealt with severe blackmail and financial warfare to drag them into the abyss.
 
They decided against what is happening, how is this cool?

For me, it's not something to get bent out of shape about because in the end it's not up to me. I respect the choice and plan to move on to other issues because Greek leaders aren't convinced by alternative perspectives. That's cool and best of luck to them with the proposal.
 
For me, it's not something to get bent out of shape about because in the end it's not up to me. I respect the choice and plan to move on to other issues because Greek leaders aren't convinced by alternative perspectives. That's cool and best of luck to them with the proposal.
Ignoring a direct mandate from their people in a referendum which has basically caused severe sacrifice to the country is nothing to be upset about. OK.
 
Ignoring a direct mandate from their people in a referendum which has basically caused severe sacrifice to the country is nothing to be upset about. OK.

I am still baffled by the fact that Tsipras thought the referendum would impress any of the creditors enough to radically change their positions. Why the fuck would you think that.
 
Merkel is going to be interviewed by a German YouTuber today. Submit your questions at #NetzFragtMerkel

Great timing.
 
Status
Not open for further replies.
Top Bottom