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Greece votes OXI/No on more Austerity measures

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H

hydrophilic attack

Member
zomgbbqftw said:
The home of democracy is about to install a national unity government made up of the "moderate" SYRIZA MPs, To Potami, New Democracy and whatever is left of PASOK. Between them they have a majority in the Greek Parliament and will be able to put through the legislation on Wednesday and win a confidence motion should one arise.
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This information came from Bild, no?

We can hope that this is just their usual bullshit and not what is actually happening.
 
Vlodril

Vlodril

Member
Theonik said:
Clearly Italy is planning their exit after these developments and is considering using Greece as a guinea pig.
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Every country should be planning its exit now. It may or may not happen but it is obvious that each and every country needs an exit plan. And that is how insane things have gotten.
 
PJV3

PJV3

Member
Vlodril said:
Every country should be planning its exit now. It may or may not happen but it is obvious that each and every country needs an exit plan. And that is how insane things have gotten.
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They need to print a supply of X-Euro and have it on stand by.
 
E

ElTorro

I wanted to dominate the living room. Then I took an ESRAM in the knee.
A deal without IMF involvement is a no-go for Merkel's majority in the German parliament. Sounds like a proper stalemate if he keeps insisting on these things.
 
LoveCake

LoveCake

Member
This guy knows what he is talking about & he thinks it's all over.

Paul Krugman - Nobel Laureate in Economics
Killing the European Project

"The trending hashtag #ThisIsACoup is exactly right. This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief. It is, presumably, meant to be an offer Greece can’t accept; but even so, it’s a grotesque betrayal of everything the European project was supposed to stand for."
 
H

hydrophilic attack

Member
The Guardian live blog pointed out this comment by one of their readers:

The Press Project has done some digging on the Luxembourg "Institution for Growth" to which the 4-page eurogroup paper demands that €50bn of Greek state property must be transferred. Guess what. This Luxembourg "institution" is wholly owned subsidiary of German KfW and the chairman of its board is a certain Wolfgang Schäuble.
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The comment links to this, which unfortunately is in Greece. Can anyone here who knows Greek confirm?

If this is true, it's a fucking disgrace and Schäuble is really fucking dirty.
 
A

avaya

Member
Jesus christ the right wing German government is destroying the European project for short term political gain. It is absolutely disgusting. Kohl must be spinning in his grave.
 
L

Loona

Member
Vlodril said:
Every country should be planning its exit now. It may or may not happen but it is obvious that each and every country needs an exit plan. And that is how insane things have gotten.
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The current toadies in the Portuguese government lack the spine or foresight to pull it off, I'm afraid.

Considering that Portugal is the easiest scapegoat to turn on if this greek issue's ever settled, that's pretty worrying.
I expect them to mostly focus on their own golden parachute plans. Barroso had no problems leaving his PM role to accept a figurehead position in the EU, and I expect no more commitment from the rest of his party, currently in the government.
 
N

Negotiator

Member
maniac-kun said:
#ThisIsACoup is nr.1 on German twitter. People dont like what our government has done there.
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Weird. I thought 70% of the German electorate endorsed Schäuble's strategy. What happened to that cute little "narrative"?

Thank god we have Twitter/social media these days. This reminds me of the #NoDRM campaign.

Keio said:
I guess many European PMs actually felt Greece was an economic, not a (geo)political issue.
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FTFY
 
Darkroronoa

Darkroronoa

Member
hydrophilic attack said:
The Guardian live blog pointed out this comment by one of their readers:



The comment links to this, which unfortunately is in Greece. Can anyone here who knows Greek confirm?

If this is true, it's a fucking disgrace and Schäuble is really fucking dirty.
Click to expand...

Here is an article from telegraph.

http://www.telegraph.co.uk/finance/...t-of-Marathon-to-burst-its-euro-shackles.html

"First, they must simply hand over “valuable Greek assets of €50 billion” to be privatised – flogged off to decrease the debt. Who will do the privatising? Schäuble proposes that these Greek state assets – airports, electricity companies, whatever – should be surrendered to a body called the “Institution for Growth in Luxembourg”. And who is in charge of this institution, eh? Jawohl, meine Freunde! It turns out to be a front for the German KfW, the Kreditanstalt für Wiederaufbau, the state development bank that was set up, ironically, as part of the postwar Marshall plan to rescue the bombed-out German economy."
 
O

oti

Banned
I have to admit, I'm utterly shocked by what Germany is doing here. I love this country, the government has always been efficient and competent for the most part but this, what they've done in the last few hours, I don't know where this cruelty came from and I can't help but question my views on Germany in general.
 
LoveCake

LoveCake

Member
Erm

"there have been no conversations between the Bank of Greece, the government or regulators and Greece's commercial banks about the technicalities of leaving the euro and adopting a new currency."
http://www.bbc.co.uk/news/business-33497877

I'm sorry, but David Cameron had discussions in February about a GREXIT & did again last week!
David Cameron plans contingencies for UK ‘Grexit’ risks ok they were plans for the UK, but what have they been doing in the Greek parliament?

What has Tsipras been doing, what HAS he been doing all this time, has the thought not even crossed his mind? i bet Varoufakis had thought about it.

Where do they go from here, really?
 
Y

Yen

Member
I really can't believe how bad Germany has handled this situation. Has Schauble read a Varoufakis Game Theory textbook in the past week, but ignored the rational actors aspect?
 
E

ElTorro

I wanted to dominate the living room. Then I took an ESRAM in the knee.
B1G_A1AN said:
Erm

"there have been no conversations between the Bank of Greece, the government or regulators and Greece's commercial banks about the technicalities of leaving the euro and adopting a new currency."
http://www.bbc.co.uk/news/business-33497877

I'm sorry, but

PAgFdHo.gif


David Cameron had discussions in February about a GREXIT & did again last week!
David Cameron plans contingencies for UK ‘Grexit’ risks ok they were plans for the UK, but what have they been doing in the Greek parliament?

What has Tsipras been doing, what HAS he been doing all this time, has the thought not even crossed his mind? i bet Varoufakis had thought about it.

Where do they go from here, really?
Click to expand...

f8Ng3rg.png
 
N

Negotiator

Member
hydrophilic attack said:
The Guardian live blog pointed out this comment by one of their readers:



The comment links to this, which unfortunately is in Greece. Can anyone here who knows Greek confirm?

If this is true, it's a fucking disgrace and Schäuble is really fucking dirty.
Click to expand...
No shit, sherlock! Color me surprised...
NOT!

ElTorro said:
Twitter is hardly representative of the German electorate.
Click to expand...
I also remember people saying that NeoGAF/Twitter wasn't representative of the gaming audience regarding the Xbone DRM fiasco. We'll see how this pans outs...
 
N

nature boy

Member
hydrophilic attack said:
The Guardian live blog pointed out this comment by one of their readers:



The comment links to this, which unfortunately is in Greece. Can anyone here who knows Greek confirm?

If this is true, it's a fucking disgrace and Schäuble is really fucking dirty.
Click to expand...

I would take anything from the press project with a huge grain of salt.
 
P

persongr

Member
B1G_A1AN said:
Erm

"there have been no conversations between the Bank of Greece, the government or regulators and Greece's commercial banks about the technicalities of leaving the euro and adopting a new currency."
http://www.bbc.co.uk/news/business-33497877
Click to expand...


That's not true.

Tsipras may not have a plan for the procedural part (I'm not sure the European Commission has one either) but the Bank of Greece is ready to accept Drachmas at any time - their IT systems have been very recently tested and all was ready.
 
PJV3

PJV3

Member
B1G_A1AN said:
Erm

"there have been no conversations between the Bank of Greece, the government or regulators and Greece's commercial banks about the technicalities of leaving the euro and adopting a new currency."
http://www.bbc.co.uk/news/business-33497877

I'm sorry, but David Cameron had discussions in February about a GREXIT & did again last week!
David Cameron plans contingencies for UK ‘Grexit’ risks ok they were plans for the UK, but what have they been doing in the Greek parliament?

What has Tsipras been doing, what HAS he been doing all this time, has the thought not even crossed his mind? i bet Varoufakis had thought about it.

Where do they go from here, really?
Click to expand...

Months of chaos going alone, get kicked out and have the EU help instead.
 
1

1.21Gigawatts

Banned
hydrophilic attack said:
The Guardian live blog pointed out this comment by one of their readers:



The comment links to this, which unfortunately is in Greece. Can anyone here who knows Greek confirm?

If this is true, it's a fucking disgrace and Schäuble is really fucking dirty.
Click to expand...

That sounds like its taken out of context to make it seem like he does this for his own benefit.
I would be really surprised if that was the case.
But you never know. He was already in trouble one time for taking 100.000 D-Mark from an arms dealer.
 
J

jakonovski

Member
1.21Gigawatts said:
That sounds like its taken out of context to make it seem like he does this for his own benefit.
I would be really surprised if that was the case.
But you never know. He was already in trouble one time for taking 100.000 D-Mark from an arms dealer.
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It's only like the biggest conceivable conflict of interest.
 
D

Deleted member 231381

Unconfirmed Member
Twitter is definitely not reflective of the German electorate given it's mostly used by the young who lean SPD/the Left anyway.
 
1

1.21Gigawatts

Banned
jakonovski said:
It's only like the biggest conceivable conflict of interest.
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Well, to me it seems like a way to take souvereignty away from greece.
You can't straight up do their governments job, but you can force them to sell their assets so you can manage them.
Looks like thats the idea behind it.

About the Institution for Growth (IfG)

In May 2012, a European working party was appointed to develop a concept for the foundation of an institute to promote the Greek economy. The working party includes representatives of the European Investment Bank, the European Commission, the French Ministry for Finance and KfW.
Click to expand...
 
D

Deleted member 231381

Unconfirmed Member
QuicheFontaine said:
Does the IMF usually opine on which heads of state should / shouldn't resign?
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Not to my knowledge. The IMF is also probably (very loosely) on Greece's side right now, too, given Greece owes them money and can't pay them, but could if it got a bail-out.
 
L

LJ11

Member
Its fox, I'm not buying it.

Central banks propping up futures, Tsipras asked to resign by IMF (LOL), all sorts of stupid shit flying around twitter.
 
D

Deleted member 231381

Unconfirmed Member
LJ11 said:
Its fox, I'm not buying it.

Central banks propping up futures, Tsipras asked to resign by IMF (LOL), all sorts of stupid shit flying around.
Click to expand...

Yeah, I think we need a moratorium on Twitter sources for a bit unless confirmed by a definitely reputable source.
 
N

Negotiator

Member
persongr said:
That's not true.

Tsipras may not have a plan for the procedural part (I'm not sure the European Commission has one either) but the Bank of Greece is ready to accept Drachmas at any time - their IT systems have been very recently tested and all was ready.
Click to expand...
If that's the case, then Greece should announce a migration to an electronic-only New Drachma in a couple of days.

Electronic-only = no tax (VAT) evasion

Greeks are already accustomed to debit cards thanks to the ATM bank run fiasco.

Printing banknotes/coins will take 6 months at least.
 
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