Coriolanus
Banned
I'm kinda hoping that he tries to point to Argentina as an example of the horrors of a default.
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Greece to hold referendum on austerity measures 5 July
- Thread starter Coriolanus
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I'm kinda hoping that he tries to point to Argentina as an example of the horrors of a default.
First official results are trickling in: http://ekloges.ypes.gr/current/e/public/index.html?lang=en#
Can Crusher
Banned
Ignorance and money, what a cocktail.
God forbid something happens that actually makes the EU move boldy forward where it matters, instead of keeping entire nations hostage to fucking banks.
Ether_Snake
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Should be fine, especially since it's a cruise. People are still drinking in the cafes and all in Athens, no big deal.
Do I have to show you the 600 econ profs outside of Greece asking for No?
Windom Earle
Member
The moment the Greek won't be able to blame others for their fuckups anymore will be glorious. Not worth ruining a whole country for though. Not surprised to see delusional people here, after all there is a majority of them in Greece. Well, enjoy!
My words exactly!
Member
Negotiator
Member
And why should Tsipras crucify himself and his people as well? It's not like 5 years of austerity hasn't been enough already...
Just like in medicine, people need to understand that not all "medicines" are appropriate for all "patients". Too bad Austerians can't wrap their heads around this.
Locke Lamora
Member
In a few days? Depends... maybe there'll be a few greek pirates by then like in Somalia but you should be fine with enough cash.
Coriolanus
Banned
Could you please stop threadshitting?
Same, Leykada is at 61% No, 39% Yes.
PumpkinSpice
Banned
This is looking really good for a no.
You do not know what you are talking about and the coming years will show that.
Krugman is an avid Keynesian. Of course he is against austerity wherever he sees it.
Rebel Leader
THE POWER OF BUTTERSCOTCH BOTTOMS
What are the benefits of no?
Negotiator
Member
The moment when the financial markets will target Italy, Spain or Portugal... awwwww, too bad Greece won't be there anymore! It will be glorious indeed.
It's time to find a new scapegoat for Eurozone's problems, I guess!
BUTTERSCOTCH BOTTOMS
systemfehler
Member
Do you want to pay more taxes, cut costs where it hurts and on top of that have somebody dictate how to do it.
YES/NO
Short sighted answer won...
YES/NO
Short sighted answer won...
Clear No/Yes would be the best, non of that vague going from compromise to compromise. Either Grexit or final solution. Either way a stop to this theatre.
Lol, any 'Bakoyianni' or 'Mitsotaki' should just be laughed at, at this point. The perpetuators of the dynasty that infested the country for years now.
PumpkinSpice
Banned
They can either
- Try to renegotiate with the troika with better evidence that Greeks don't want austerity or
- They can move towards getting out of the Eurozone, have their own currency, and have actual monetary policy to work for growing their economy and getting out of depression
Locke Lamora
Member
A lot of 'maybe's and 'hopefully's. Can't eat thah though. :-/
Ether_Snake
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What is really great for all of the EU is that a precedent has been set; people have been asked for vote on an important issue that would have otherwise been forced on them. So if things come to this in Italy or Spain or Portugal, at least there will be no "offended virgins" acting on the part of the Troika if a referendum is called when they keep making destructive proposals.
Setting a precedent was the most important thing Greece could do, regardless of the outcome for Greece specifically. That is a victory on its own, and many throughout Europe will be thankful to Greece when they are faced with similar demands in the future.
Setting a precedent was the most important thing Greece could do, regardless of the outcome for Greece specifically. That is a victory on its own, and many throughout Europe will be thankful to Greece when they are faced with similar demands in the future.
Except ELA is 100% on BoG, they are on the hook for any losses. ECB does not extend credit, BoG does knowing full well they are going to take any losses if collateral fails.
Now, ELA extension may create other intrasystem euro obligations that may cause risk to the system, but it's hard to quantify. For example, a Greek may take out funds and deposit them in a Spanish/Italian/German bank, so that's intrasystem but you can stem that with cap controls.
Tallshortman
Member
These aren't private banks, besides the large majority of their debts are held by governments of other EU nations, aka their electorate. The ECB also owned by the various EU nations. To think this is like the EU siding a single, inflexible private bank over Greece is silly.
At the same time, proposing homeopathy won't convince any doctor to stop giving the medicine. In any case, European leaders should listen to the Greeks and to their own voters, which means there should be no future for Greece in the Eurozone, and as long as the debts to the EU haven't been repaid, the EU or the Shengen Area.
Agree. This kicking of the can down the road has to stop. I hope that whatever comes next won't be a lame compromise but some larger step in whatever direction.
:_:
Negotiator
Member
Final solution = ?
k
pretty happy that the greek people seemingly didn't give up to fear, personally
Nah I'm good. I'd rather listen to people whose livelihood is on the line than guys advocating the same thing they've been advocating for years.
Anyway, best of luck to Greece, I really hope things work out in the end. It's a really lovely country full of great people based on my experience, and they deserve a bright future.
Sephiroth503
Member
Will other countries need to approve the terms of a new bailout plan?
That could've been phrased way better. Way better.
Well, but you also can't eat "definitely nothing, fuck you." Which is more or less what going along with the troika means.
Yes. If they are paying for it, they will have to approve.
Frankfurter
Member
Of course.
badcrumble
Member
It's funny that the troika seems constitutionally incapable of giving Greece any actual incentive to stay with the Eurozone. It's basically "come over here so I can beat you."
cm osi
Member
because we all know Greece easily entered the eurozone, right?
They have to approve negotiations with Greece based on a new proposal by the government first, then they have to approve the terms of the new bailout deal. That was at least the procedure for the second bailout.
SymbiantXenos
Member
Each country should put it to a referendum.
Ether_Snake
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Why would Greece stay? It's so much easier to manage their own economy with a Grexit.
Homeopathy? WTF mate, you can't be serious here.
Anyway who the f cares. We win and we'll turn this shit around. People have had enough of the right-wing bukkake
Negotiator
Member
Don't worry, I didn't mean what you thought I meant (aka Endlösung).
Yeah, that's a sensible solution towards the United States of Europe. We've had this discussion before.Debt cut + start of transfer union.
Well, poor wording on my side
The tricky part is to convince 18 electorates...
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