Varoufakis has resigned. They're an unpredictable bunch. :/
When a plane is falling from the sky, it makes sense for the passengers to vote against gravity.
It have already ended badly for Greece and it is why the voted in Syriza and the no vote. That Greece have for years have to comply to the demands of the Troika. With the result of the debt increasing from 100 % to 170 %. That at the same time the official unemployment have increased to 25 %. That not including the people who have gave up looking for a job or all the people who have moved to other countries in search of a job. That at the same vital service like healthcare have deteriorated rapidly. Now the Greeks are was willing to try anything except being forced to follow Troikas destructive policies.
Tough austerity measures in Greece leave nearly a million people with no access to healthcare, leading to soaring infant mortality, HIV infection and suicide - Europe - World - The Independent
Last edited by Bergslagstroll; 07-06-15 at 08:39 AM.
I feel invigorated by the results of the referendum - it gives me hope that the Greek people want to take matters into their own hands once again and work their way from there. As for all the foreign creditors - you will swallow your loss and think better next time. This is what the bloody interest premium on loans is about - you are making a profit in exchange for the risk of not being paid back. If you are always paid back though, then there is no risk and your profit is undeserved.
As long as the country doesn't run out of food and fuel (the former can be internally produced as far as I know Greece's economy) everything else will be worked out.
Russia Taking Full Advantage Of Greek Crisis
In the meantime, the turmoil offers an opportunity for Russia to advance its interests. Of course, the EU is an absolutely critical trading partner for Russia, so if the bloc starts to fray at the seams, that presents financial risks to an already struggling Russian economy. Russia’s central bank governor Elvira Nabiulllina warned in June of the brewing threat that a Greek default would have on Russia. “We do consider that scenario as one of possible risks which would increase turbulence in the financial markets in the European market, bearing in mind the fact the European Union is one of major trading partners, and we are definitely worried by it,” she said in an interview with CNBC.
With the economic fallout in mind, Russia does see strategic opportunities in growing discord within Europe. First, Russia is pushing its Turkish Stream Pipeline, a natural gas pipeline that it has proposed that would run from Russia through Turkey and link up in Greece. From there, Russian gas would travel on to the rest of Europe. Russia is vying against a separate pipeline project that would send natural gas from the Caspian Sea through Turkey and on to Europe.
The pipeline remains in limbo. Despite Russian insistence that construction could begin in 2016 and be completed by 2019, the 2 billion euro project does not have firm commitments from Turkey, and it also still faces opposition within Europe, which is trying to wean itself off of Russian gas.....snip~
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