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Greece to hold referendum on austerity measures 5 July

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oti

Banned
It is not the IMF blocking the funds. It is certain tour operators using it as an excuse to not pay. The IMF is not walking in and taking any money.

The thought of that is quite hilarious.
Lagarde, hiding in a bush behind the reception, waiting for money to be exchanged, jumping onto the person with the money and shouting: GIVE US THE MONEY!
 
The thought of that is quite hilarious.
Lagarde, hiding in a bush behind the reception, waiting for money to be exchanged, jumping onto the person with the money and shouting: GIVE US THE MONEY!

Wouldn't even believe the part about tour operators saying that, tbh.
 

valouris

Member
Tsipras personally commits that banks closing and recent harship will be short-lived, that pensions, wages and deposits will not be lost, and takes it personally that an agreement will be made after the referendum, whatever the result. Insists that no does not mean exit from eurozone, but will help him get a better agreement after the referendum.

He seems to be going all in.

To me it seems that a yes vote goes to a pretty harsh 3rd agreement. Sadly I don't believe that a no vote will have any impact on any future negotiations.
 

Engell

Member
Tsipras personally commits that banks closing and recent harship will be short-lived, that pensions, wages and deposits will not be lost, and takes it personally that an agreement will be made after the referendum, whatever the result. Insists that no does not mean exit from eurozone, but will help me get a better agreement after the referendum.

This is not making any kind of sense??
 

mnz

Unconfirmed Member
Tsipras: "Whoever is saying a No in the referendum means No to the Euro is lying."
This is why the Council of Europe complained. People won't even know what they are actually deciding upon.

Tsipras personally commits that banks closing and recent harship will be short-lived, that pensions, wages and deposits will not be lost, and takes it personally that an agreement will be made after the referendum, whatever the result. Insists that no does not mean exit from eurozone, but will help him get a better agreement after the referendum..
That's the key point and I believe he might be wrong.
 
Tsipras personally commits that banks closing and recent harship will be short-lived, that pensions, wages and deposits will not be lost, and takes it personally that an agreement will be made after the referendum, whatever the result. Insists that no does not mean exit from eurozone, but will help him get a better agreement after the referendum.

He seems to be going all in.

Ok, this is becoming criminal or delusional.
 

valouris

Member
This is not making any kind of sense??

Not really, no. Referendum vote atm seems to be even more abstract than it was before. Tsipras insists that a no will not mean rejecting the euro. Funnily enough a lot of the no voters will probably not like this.
 
Tsipras personally commits that banks closing and recent harship will be short-lived, that pensions, wages and deposits will not be lost, and takes it personally that an agreement will be made after the referendum, whatever the result. Insists that no does not mean exit from eurozone, but will help him get a better agreement after the referendum.

He seems to be going all in.

To me it seems that a yes vote goes to a pretty harsh 3rd agreement. Sadly I don't believe that a no vote will have any impact on any future negotiations.

So nothing new then?!
 

valouris

Member
Ok, this is becoming criminal or delusional.

It's a huge risk for him to say that, I don't believe anyone can commit to how long the banks will stay closed.

Now that I think of it, he said the word "personally" (or sth along those lines) a lot in this address, more so than previously. He seems to be targeting himself in the (very probable) case of defeat in order to save face for the party?

So nothing new then?!

Not really. The only new thing is that the PM himself for the first time said that "No" does not mean an exit from Euro. If that will be the will of the other 18 is a whole other matter..
 
D

Deleted member 231381

Unconfirmed Member
Not really, no. Referendum vote atm seems to be even more abstract than it was before. Tsipras insists that a no will not mean rejecting the euro. Funnily enough a lot of the no voters will probably not like this.

The way Tsipras wants it to be is Yes means he signs the deal closest to the one offered on the 30th, and No means he goes back to negotiation. This depends on there actually being a "back to negotiation", which the troika have (publicly, at least) denied. In fairness to Tsipras, assuming the results are in by Thursday morning, there are at least three days more to negotiate (Thursday, Friday, Saturday until midnight in Brussels) before Greece officially defaults. It's fully possible people could vote "No", reject the current offer, and the troika could offer a slightly better one before Saturday the 8th which Tsipras would accept; in which case "No" does not bring about an exit from the Euro.

Whether "No" means an exit to the Euro or not depends on how credible it is you think the troika will stonewall the final three days of negotiations or not.
 
And thats why you don't plan a referendum in one week.
It's not even clear what the people are voting for.
"yes" for a deal that isn't even valid anymore and "no" for a better deal that doesn't exist?
 

Engell

Member
No. Just "vote no, everything will be fine, the other guys are mean".

Alexis-Tsipras.jpg
 

oti

Banned
At this point for most people Yes means "just find a way to cooperate" and No means "who cares about the Eurozone let's start an Indie Band".
 

ElTorro

I wanted to dominate the living room. Then I took an ESRAM in the knee.
Europe must look like a circus full of clowns to other continents right now.
 

rokkerkory

Member
US Market at least for short term has said GTFO to Greece. Not much affect short term. Let's see long term, could be a good thing for interest rates if Feds don't increase this year.
 
D

Deleted member 231381

Unconfirmed Member
Europe must look like a circus full of clowns to other continents right now.

On the good side, at least Greece is considering default for economic reasons. The United States came close to defaulting because the Republicans... actually, I'm not even sure what follows the "because". Possibly just "because the Republicans."
 

Theonik

Member
On the good side, at least Greece is considering default for economic reasons. The United States came close to defaulting because the Republicans... actually, I'm not even sure what follows the "because". Possibly just "because the Republicans."
Which is quite interesting considering the US constitution makes defaulting illegal.
 

LJ11

Member
Europe must look like a circus full of clowns to other continents right now.

It's pretty awful, but it's not unique to the continent, look at the shit show put on by your neighbors to the west in the past. Circus has just temporarily migrated. Unfortunately, the citizens are the ones that get the short end of it.,
 

mnz

Unconfirmed Member
Tsipras: "It is a disgrace that we have these scenes of shame because they closed the banks precisely because we wanted to give the people the vote."
Does he really believe that?
 
Tsipras: "Whoever is saying a No in the referendum means No to the Euro is lying."

"Don't worry everyone, if you vote 'no' we will work out some other favourable solution"

Its so obvious what this guy is doing with the referendum. He is just trying to blind everyone to the consequences of the 'no' vote.
 

Ether_Snake

安安安安安安安安安安安安安安安
Tsipras Tsipras Tsipras Varoufakis Varoufakis Varoufakis motorcycle no tie

So much whining about these two from stuck up politicians. Imagine how they would act with Podemos.

The reassuring thought is that whatever happens with Greece, the day when anti-austerity parties are elected in other countries is closing in, inevitably. You don't heal by putting your hands in a fire.
 

Vade

Member
Greece getting its ass beat and kicked out of the Euro zone would be both a blessing to the US and the Greeks themselves and a big failure to the EU particularly Germany and France. Which is why it makes no economic sense not to give Greece a massive cut on the debt and keep them in the EU. Keeping Greece equals a weak Euro which helps the EU has a whole with the primary benefactors in France, Germany, and Finland.

Everyone knows the Greeks hide money and do not pay taxes, it is a national sport just as football is Classic Greece However, for the few cents per Euro that is lost from corruption you gain double if not triple in export revenue. Which is why all this political hardball and not being the one to blink makes zero economic sense unless you only care about how you look to your home country.
 
D

Deleted member 231381

Unconfirmed Member
Greece getting its ass beat and kicked out of the Euro zone would be both a blessing to the US and the Greeks themselves and a big failure to the EU particularly Germany and France. Which is why it makes no economic sense not to give Greece a massive cut on the debt and keep them in the EU. Keeping Greece equals a weak Euro which helps the EU has a whole with the primary benefactors in France, Germany, and Finland.

Greece is 2% of the European economy. If they go, Portugal, Spain, etc. will also keep the Euro weak enough for countries like Germany and the Netherlands to profit for the time being.
 
Guys, I have the solution.

Euro1
Euro2

TWO CURRENCIES


Where's my Nobel Prize?

Would work pretty well for a while if you split roughly north/south.

But then things change, a new asymmetric shock happens, and it's say France's depression economy vs Germany's boom economy.
 
I read the news. What's your point?

Vima is a Greek newspaper.

Vima is also run by Pretenteris, whο as you know (i concur from your username that you are Greek) is the lapdog of old PASOK and ND and a fanatic.
May i remind you the "polls" before the February 2015 elections and how misaligned they were with the final result?
http://todomino.blogspot.gr/2015/01/2015-vs.html

Ι'll state again to non Greek GAF that they shouldn't take everything they read at face value, FUD is rife and will be for a while.
 
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