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Thread: Greece referendum: Early results show 'No' vote ahead

  1. #91
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by GreatNews2night View Post
    Wow. Overwhelming No at more than 60%.
    For me this spells doom.
    Greek will end up dropping out of the Eurozone.
    This will encourage other parties in other parts of Europe.
    It will compromise the European Union.
    Then nationalism will rise, and extreme right positions. We know what happens to Europe when those are on the rise.
    This will also play right into the hands of Putin and the Chinese.
    A bad union in this geopolitical climate in my opinion is better than no union.
    Portugal, Italy, Spain, and Ireland accepted austerity measures and pulled out of the bulk of the crisis, and are growing again.
    I think the Greek are making a mistake.
    Oh well...
    i dont think greece falling out of the eurozone would encourage other countries. as it currently stands,greece dropping out of the eurozone would be far more damaging to their economy than even the most extreme forms of austerity.

    the eurozone would suffer credibility if greece left,and would also suffer credibility if they dropped greeces debt.it is a lose lose situation for both sides,but for greece dropping out of the eurozone would lead to an epic depression,one which will take years maybe even a decade to recover from.
    “You can lead a horse to water, but it is probably crowded with all those people you taught to fish.”

  2. #92
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by Andalublue View Post
    ...you would be moronically simplistic.
    You would also be ignoring the fact that even the IMF admits that the austerity "punishment" doled out to the Greeks for the last five years was wrong.
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  3. #93
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by Manc Skipper View Post
    You would also be ignoring the fact that even the IMF admits that the austerity "punishment" doled out to the Greeks for the last five years was wrong.
    Have a link to that??

    Be curious how they worded it. And what the better action would have been??

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    Re: Greece referendum: Early results show 'No' vote ahead

    I love the smell of face-palm in the morning!

    "You ain't no Muslim bruv!"

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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by pragmatic View Post
    Have a link to that??

    Be curious how they worded it. And what the better action would have been??
    IMF admits: we failed to realise the damage austerity would do to Greece | Business | The Guardian
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    Re: Greece referendum: Early results show 'No' vote ahead

    The ever plain-speaking Paul Mason getting a bit tired and emotional!

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  7. #97
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    Re: Greece referendum: Early results show 'No' vote ahead

    Increased their bargaining position. Troika now backing away, we may begin to see Greece leaving the Euro. This is all good news! One thing is 100% sure is that the Greeks are unified behind this new government, and have said "enough!". Either give Greece a fair deal, or they will be leaving.
    Just a democratic-socialist in the heartland of America.CHECK OUT MY TUMBLR(BLOG)HERE "Life is beautiful. Let the future generations cleanse it of all evil, oppression, and violence, and enjoy it to the full."

  8. #98
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by TheDemSocialist View Post
    Increased their bargaining position. Troika now backing away, we may begin to see Greece leaving the Euro. This is all good news! One thing is 100% sure is that the Greeks are unified behind this new government, and have said "enough!". Either give Greece a fair deal, or they will be leaving.
    Define "fair deal."
    "Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.

  9. #99
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by Andalublue View Post
    ...you would be moronically simplistic.
    Isn't the fundamental issue that the Greek government is borrowing more than it's taking in revenues?

    If cutting back on the Greek government spending isn't the solution, what is? Hike the tax rates? (Not that it would probably do much good, as stories of Greeks cheating on their taxes being legendary)

    Should the rest of the EU just continue to donate the needed Greece operating shortfalls just because Greece is such a nice place?

    Clearly, not changing anything isn't a solution.

    And yes, one can pretty easily imagine the US continuing down their same path and ending up in the same place, only with 1,000 or 10,000 times the size of the exact same problem.
    Nancy Pelosi said: “We have to pass it, to find out what’s in it.” A Doctor called to a radio show & said: "That's the definition of a stool sample"
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by OrphanSlug View Post
    Define "fair deal."
    Ummm something along the lines of forgiveness. Greece has made the repayments, the whole reason it reached this point was Greece came to the table and said, "can we do one of two things? Either give us sometime to gather the funds to repay the latest payment or can we get a little forgiveness (AKA the same **** we did for you Germany after WW2)? WE will continue to pay it back but we are looking for a hand"
    Just a democratic-socialist in the heartland of America.CHECK OUT MY TUMBLR(BLOG)HERE "Life is beautiful. Let the future generations cleanse it of all evil, oppression, and violence, and enjoy it to the full."

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