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Greece to hold referendum on austerity measures 5 July

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d9b

Banned
Perhaps the time has come for the Greek military to re-establish a bit of "sanity" in the Greek political system, at least temporarily.

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Theonik

Member
These are clearly the results of austerity. Malnutrition and bad living conditions have lowered the decision making ability of the Greek government. Merkel should take responsibility.
 
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Deleted member 231381

Unconfirmed Member
History shows us that it is extremely likely that Greece will suffer hyperinflation if it defaults and leaves the Euro. To pretend otherwise is foolish.

Let's play "spot the default":

Screen-Shot-2012-10-22-at-10.20.11-AM.png


russiainflation1995-2000.gif


RGMF_July14_Nigeria-01_Inflation_V1.jpg


And no, I didn't imply that there was a "right" answer in this case, but I did say that Tsipras should LEAD. His personal opinions should not absolve him of the responsibility of running the country.

His responsibility is to the people who elected him. They didn't elect him to lead for the sake of leading, they elected him to lead Greece against austerity. If he cannot do that, he should NOT lead.
 

sflufan

Banned
The chief of Austria's central bank (who sits on the ECB governing council) has called the impending non-payment of the IMF funds a "delay" rather than a "default".
 
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Deleted member 231381

Unconfirmed Member
Truly, all examples that a default would harm greece for far longer than the 15+ years of austerity needed for the alternative.

I know, right? You can clearly see how Nigeria's inflation rocketed after their default to inprecedented highs of 7%. If they'd just stayed on their current path, then all they'd have had would have been 76% inflation, a clearly manageable figure.
 

Hammer24

Banned
I'll say again: the first possible date Greece can default is July 8th. That's when they need money to pay a large chunk of privately held bonds.
 

petran79

Banned
Perhaps the time has come for the Greek military to re-establish a bit of "sanity" in the Greek political system, at least temporarily.

There is hardly money even for that! But we have Golden Dawn, dont worry....Same outcome really. If they get elected, Greece will be ousted from the EU anyway.

Truly, all examples that a default would harm greece for far longer than the 15+ years of austerity needed for the alternative.

All bank accounts savings will be withheld by the creditors and the EU funds as well.
We're not that far away really.
 

ElTorro

I wanted to dominate the living room. Then I took an ESRAM in the knee.
There is hardly money even for that! But we have Golden Dawn, dont worry....

That's one way to refinance Greece: wage a Blitzkrieg against the Turks in the east and secure Lebensraum for the people. Golden Dawn would dig that. Also another reason to keep dat defense budget.
 

Theonik

Member
That's one way to refinance Greece: wage a Blitzkrieg against the Turks in the east and secure Lebensraum for the people. Golden Dawn would dig that. Also another reason to keep dat defense budget.
Finally the dream of recapturing Constantinople and east Thrace is fulfilled.
 

Ether_Snake

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Tsipras' reason for giving hints that the referendum could be cancelled is so that the Troika make the cancellation of the referendum conditional to further talks, at which point it would boost the no vote intentions.
 
But we have Golden Dawn, dont worry....Same outcome really. If they get elected, Greece will be ousted from the EU anyway.
Nah.

Hungary and their "dictator" (that's how Juncker calls their prime minister when he's drunk) say hi.

Perhaps the time has come for the Greek military to re-establish a bit of "sanity" in the Greek political system, at least temporarily.
Last time Greece had a coup d'état, it was approved by Uncle Sam. Not gonna happen this time.
 

Theonik

Member
In other news that Greek Bailout fund is already at 350k and is getting so many hits IndieGoGo had to take down the page.
 

mnz

Unconfirmed Member

Ether_Snake

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This sounds like they are using the voice of their people as blackmail. Insanity. I really hope we get this stupid vote now.

It's the least they could do, the deal is bad, period.
 
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Deleted member 231381

Unconfirmed Member
This sounds like they are using the voice of their people as blackmail. Insanity. I really hope we get this vote now and nobody falls for that bs.

Why's it blackmail? It's not like Germany suffers if Greece goes through with this (well, the Euro gets rocked, but Germany has been pretty complicit in that).
 

Nivash

Member
I'm not satisfied with anything less than the revival of Alexander's the Great empire.

Hey, why not? That would settle the Palestine question, deal with Isis, prevent Iran from getting the bomb and make Pakistan get along with India. That's got to result in support from the entire world.

I mean, what could go wrong? Oh sure, the inevitable cold war between Great Macedon and China or the battles on the plains of Germany-that-was with EuRussia will be nasty but that's for Future World to deal with.
 

oti

Banned
Hey, why not? That would settle the Palestine question, deal with Isis, prevent Iran from getting the bomb and make Pakistan get along with India. That's got to result in support from the entire world.

I mean, what could go wrong? Oh sure, the inevitable cold war between Great Macedon and China or the battles on the plains of Germany-that-was with EuRussia will be nasty but that's for Future World to deal with.

Now-me ain't don't care about future-them. Let's do it.
 

mnz

Unconfirmed Member
Why's it blackmail? It's not like Germany suffers if Greece goes through with this (well, the Euro gets rocked, but Germany has been pretty complicit in that).
Well atleast Varoufakis and Dragasakis seem to think that the Eurogroup (please don't make this only about Germany) would prefer not to have the referendum. Even to a degree that V thinks he can get a debt haircut if he calls it off. But apparently that's not working out for them at all.
I feel like the Greek people should be pissed off at the fact that they're used like this.
 

petran79

Banned
That's one way to refinance Greece: wage a Blitzkrieg against the Turks in the east and secure Lebensraum for the people. Golden Dawn would dig that. Also another reason to keep dat defense budget.

Better leave those east regions be. With us to rule them, they would be doomed!
 
D

Deleted member 231381

Unconfirmed Member
Well atleast Varoufakis and Dragasakis seem to think that the Eurogroup (please don't make this only about Germany) would prefer not to have the referendum. Even to a degree that V thinks he can get a debt haircut if he calls it off. But apparently that's not working out for them at all.
I feel like the Greek people should be pissed off at the fact that they're used like this.

I mean, of course the troika don't want the referendum to happen. If the vote is a no, they've been pretty definitively rejected and they can't spin it as "ideological government driving country over the edge" when it has democratic backing. The Greek people aren't being used. They voted in this government to get them the least austere deal. Tsipras is doing everything in his means to acheive that.
 

ramuh

Member
It's time Greece.. It's time to break the chains that's holding you back from your full potential. Drachma..Drachma...Drachma... listen to those chants and vote No.
 
Let's play "spot the default":

Screen-Shot-2012-10-22-at-10.20.11-AM.png


russiainflation1995-2000.gif


RGMF_July14_Nigeria-01_Inflation_V1.jpg



His responsibility is to the people who elected him. They didn't elect him to lead for the sake of leading, they elected him to lead Greece against austerity. If he cannot do that, he should NOT lead.

These graphs, to me, look like an argument in favour of default.
 

kiguel182

Member
Can someone explain to me what happens with hyper inflation and how does that compare to the 15+ years of austerity?

Some of this economics talk is totally going over my head.
 
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