Ether_Snake
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Varoufakis acted correctly all along, it isn't he who will get tge blame, wishful thinkers. It will be the Troika and Tsipras.
So go all the way and either vote against it in the parliament or resign all the way, no need to half-ass it....why do you think he resigned from the FinMin position? He said he wouldn't sign off on a shit deal. Guess what. He didn't.
Wouldn't be surprised. Either way he'd have to do so after the vote and you'd still have people bitching that he's only doing that to show off, so w/e.
What exactly are you complaining about now?
Varoufakis acted correctly all along, it isn't he who will get tge blame, wishful thinkers. It will be the Troika and Tsipras.
A new deal for Athens is the worst of all worlds and solves nothing
EMU inspectors can veto legislation. The emasculation of the Greek parliament has been slipped into the text. All that is missing is a unit of EMU gendarmes.
Such terms are unenforceable. The creditors have sought to nail down the new memorandum by transferring 50bn of Greek assets to an independent fund that will monetise the assets through privatisations and other means. It will be used in part to pay off debts.
This fund will be under EU "supervision". The cosmetic niceties of sovereignty will be preserved by letting the Greek authorities manage its day to day affairs. Nobody is fooled.
In other words, they are seizing Greeces few remaining jewels at source. This is not really different from the International Committee for Greek Debt Management in 1898 imposed on Greece after the country went bankrupt following a disastrous Balkan war.
The crushed Syriza leader must sell a settlement that leaves Greece in a permanent debt trap, under neo-colonial control, and so economically fragile that it is almost guaranteed to crash into a fresh crisis in the next global downturn or European recession.
For the eurozone this deal is the worst of all worlds. They have solved nothing. Germany and its allies have for the first time attempted to eject a country from the euro, and by doing so have violated the sanctity of monetary union.
Rather than go forward in times of deep crisis to fiscal and political union to hold the euro together as the architects of EMU always anticipated - they have instead gone backwards.
They have at a single stroke converted the eurozone into a hard-peg currency bloc, a renewed Exchange Rate Mechanism that is inherently unstable, at the whim and mercy of populist politicians playing to the gallery at home. The markets are already starting to call it ERM3.
I will return to the behaviour of Germany and the diplomatic disaster that has unfolded over coming days. For now let me just quote the verdict of historian Simon Schama.
If Tsipras was wearing the crown of King Pyrrhus this time last week, Merkel is wearing it now. Her ultimatum the beginning of the end of the EU, he said. Exactly.
I don't remember that Germany got 86 billions as part of the Versailes Treaty.
Still better than Versailles. Not good at all, but Versailles is a bit off.86 whole billions to invest on greek economy and economical reforms that will fuel the economy back on it's feet I'm sure!
So go all the way and either vote against it in the parliament or resign all the way, no need to half-ass it.
He could just be in parlament voting either "no" or "present"
He chose to be absent, like the other 6 SYRIZA members.
The issue is he did not said he was absent due to disagreeing with the new measures
He just cited family reasons
The other 4 members who werent present cited the did this because they disagreed with voting such measures
He supported the referendum, that alone is enough to hold him partially responsible.
Ps Varoufakis will go down in the history books as someone who's caused untold damage to the Greek economy
Both of you are essentially complaining about Yanis not being endowed with the political acumen of a flower pot.
.
The Varoufakis interview that was linked earlier is pretty good. He talks in very flowery language but there's no doubt he knows what he's talking about.
HL: Youve said creditors objected to you because I try and talk economics in the Eurogroup, which nobody does. What happened when you did?
YV: Its not that it didnt go down well its that there was point blank refusal to engage in economic arguments. Point blank. You put forward an argument that youve really worked on to make sure its logically coherent and youre just faced with blank stares. It is as if you havent spoken. What you say is independent of what they say. You might as well have sung the Swedish national anthem youd have got the same reply. And thats startling, for somebody whos used to academic debate. The other side always engages. Well there was no engagement at all. It was not even annoyance, it was as if one had not spoken.
Germany's attitude is what shocked me yesterday and I'm kinda heartbroken as dumb as that sounds. I always loved Germany, always defended Germany and always felt like a German (in addition to being a Greek). But after what they've done yesterday I'm not so sure about those things anymore.
rimshotExcept Greece has far less capacity to transform itself into a vindictive conquering asshole.
Not really, it's just what our pro YES media would have you believe.Me and a lot of Greeks lost all respect for him when during the voting for the new measures he chose to go for baths at sea instead
WrongPs Varoufakis will go down in the history books as someone who's caused untold damage to the Greek economy
The sad thing is that Varoufakis' analysis of the entire mess probably was and still is correct, but he was absolutely in over his head as a politician and a diplomat.
Ok the most amount of damage for such a short period of time!Because it's the guy who comes in after half a decade of ruination that's guilty of it all.
Ok the most amount of damage for such a short period of time!
If Yanis would have been a politician, once he resigned as finmin he would have raised the flag of opposition to the deal proposed by Tsipras. But he's not a politician. His weapons are these articles and academic analysis.
In terms of the loss of sovereignty, or fiscal sovereignty, and the control Europe has now over Greece's budgets, is this much the same as Ireland had? I remember for some time everything budgets had to be approved by Europe.
It's no less debatable an issue, but is this a ground breaking thing? Or are the powers over budgets stronger in Greece's case than they were in Ireland's?
Kazimir deleted his tweet stating the hasrh conditions exist because the "Greek Spring".
Absolutely not. The movie about this situation will paint him as the tragic figure trying to do the right thing amidst a sea of idiots.
Your statement doesn't make any sense. Unless you assume I'm Greek and you make this personal. I'm not. Put your hate to better use. I'm talking Economics.
Portugal debt to GDP is 130%. Exactly the ratio for Greece in 2009.
No, I didn't say that. And I don't accuse the Yesmen. They just either don't have much to say in the matter or are in PPE. They are just irrelevant in the big scheme.
When this happens the EU states will just roll in their armies in defence of democracy.I wonder how far things can go before someone decides to just revolt.
Not really, it's just what our pro YES media would have you believe.
http://www.zougla.gr/apopseis/article/gia-des-re-pi-tin-peftoun-ston-varoufaki
When this happens the EU states will just roll in their armies in defence of democracy.
Those 130% were after the IMF intervention, not before like Greece.
But when they emerge from their post-summit slumbers they will face two awkward questions. First, how can they expect a government whose identity was forged in opposition to austerity and foreign tutelage to implement reforms that stymied its far more pliant predecessors? And second, how can a euro zone that was created to drive integration and foster trust between its members thrive when it appears to have had precisely the opposite effect?
Those 130% were after the IMF intervention, not before like Greece.
The average Greek is still doomed because he still can't understand why the Euro is a TERRIBLE idea. I hope the recent experience will perhaps teach them.Uhm... Say what? If i was a greece i'd be pissed since as a greek i've just demostrated how my sovereignity has gone out in the cesspool, but on the top of that i even get the short end of the stick?
That's some cool shit..
Greece's wasn't 130% before the crisis. At the end of 2007 (last year before the crisis hit) it was at 107.4% [Eurostat]. That includes retrospective adjustments, too, so that's not a fudged figure. Portugal will almost certainly do a Greece when we hit the next recession.
Indeed, they would be butchered.I'd like to see the shitshow of the EU conducting any military operation without the US or UK.
Well, hopefully there are 2 solutions till next elections (whenever those happen)Sadly it also means that Golden Dawn being the only party actually promising to end this madness will be the go-to option.
Correct me if i'm wrong..
Greece goes kaboom...
Europe tries to impose austerity measures..
Greece says no thank you, but let us make the citizens decide..
Citizens decide no..
Euro zone forces the hand an pass an EVEN WORSE deal
Greece accept
Uhm... Say what? If i was a greece i'd be pissed since as a greek i've just demostrated how my sovereignity has gone out in the cesspool, but on the top of that i even get the short end of the stick?
That's some cool shit..
Correct me if i'm wrong..
Greece goes kaboom...
Europe tries to impose austerity measures..
Greece says no thank you, but let us make the citizens decide..
Citizens decide no.
Greek government goes "lulz i wuz just havin a giggle m8's, here, i'll take your previous offer"
Euro zone goes "nope. you wanted to act like a big dick playa? well, guess what. our way or the highway, and our way is straight up shit creek"
Greek government accepts
So I couldn't find details before but why even do this? Every site seems to be saying the new measures will be super harsh and guaranteed another recession for Greece. What exactly is the upside?
So I couldn't find details before but why even do this? Every site seems to be saying the new measures will be super harsh and guaranteed another recession for Greece. What exactly is the upside?
That's what I (and many more portuguese people here) are worried about. What is happening in Greece might and will probably happen here as well if we follow the politics we are following right now. Austerity didn't help us in anything at all. I agre that we should cut costs in some areas but this is to much. This just shrinks our economy and fattens others. Today we witnessed a serious message from Germany to every other country in the EU that we should follow the rules or we will be crushed...
fix'd
For the other countries
1. looting what they can
2. surviving their own electorate.
For greece:
1. stay in the Euro
2. bank runs
Greece isn't sufficiently prepared to launch their own currency. They're at least 3 months away. That means Greece would have essentially no liquidity [or electronic only] for 3 months, which is a desperately difficult situation to be in. The other reason is just uncertainty. Nobody really knows what a Grexit would entail for sure. The oldest and strongest emotion of mankind is fear, and the oldest and strongest fear is the fear of the unknown.
The problem is that there is a huge logistical challenge to preparing a new currency which can be overcome, but is not easy to overcome in secret which any such backup plan would require. Any attempt to switch to a new currency would go public and cause huge disruptions in this climate. The EU will take advantage of this to sabotage the move.Greece isn't sufficiently prepared to launch their own currency. They're at least 3 months away. That means Greece would have essentially no liquidity [or electronic only] for 3 months, which is a desperately difficult situation to be in. The other reason is just uncertainty. Nobody really knows what a Grexit would entail for sure. The oldest and strongest emotion of mankind is fear, and the oldest and strongest fear is the fear of the unknown.
The problem is that there is a huge logistical challenge to preparing a new currency which can be overcome, but is not easy to overcome in secret which any such backup plan would require. Any attempt to switch to a new currency would go public and cause huge disruptions in this climate. The EU will take advantage of this to sabotage the move.
Then again the Greek government was able to construct 155km of fortifications in the 1930s in absolute secrecy.