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

[QUOTE=Ben K.;1064790848]Correct, nothing has changed. Maybe they proceed with the letter of near capitulation sent by Tsipras early last week. I doubt we'll see a referendum on that.[/QUOTE

Greetings, Ben K.

Perhaps I'm reading this "no" vote incorrectly, but it doesn't look as if Greece capitulated at all. They just don't have the money to pay their bill without borrowing more from the same people they owe. Weird! If talks do begin anew, we'll soon know what the final terms are.

Originally Posted by Andalublue

There's no way Tsipras is going to return to that position. The Troika rejected it, and the Greek people have rejected the idea of capitulating to unreasonable creditor conditions.

I think everyone, on both sides, recognise that the Tsipras letter was a mistake. The referendum result shows that the Greeks are not going to accept further austerity-based solutions.

The referendum showed that they rejected the previous deal. The election of Syriza showed they rejected austerity (which should have been the end of it). What do you think happens if the trokia meets the conditions of that letter halfway? Do you expect another referendum?

Originally Posted by Chomsky

Whoa!

I had a gut feeling they were going to secede.

This is going to be hella' interesting to watch!

Ouch!

Originally Posted by Andalublue

The Greek government wouldn't accept it last week, hence the referendum. The Greek people have now positively rejected it. The ball is now in the creditors' court. Are they going to withdraw all emergency support and force the Greeks out of the eurozone? Or are they going to negotiate a realistic and much improved offer which includes debt relief.

The head of the German central bank has warned the German government that Grexit would cost the German economy tens of billions of Euros. They have created an emergency fund to cover that eventuality, but it only contains €14 billion, a fraction of what would be needed to avoid serious consequences for the German economy.

Here's an even stronger warning.

Those scenarios make the obvious point that forcing a Grexit would cost the rest of the Eurozone far, far more than it would have to commit by restructuring the Greek debt.

Thank you.

[QUOTE=polgara;1064790886]

Originally Posted by Ben K.

Correct, nothing has changed. Maybe they proceed with the letter of near capitulation sent by Tsipras early last week. I doubt we'll see a referendum on that.[/QUOTE

Greetings, Ben K.

Perhaps I'm reading this "no" vote incorrectly, but it doesn't look as if Greece capitulated at all. They just don't have the money to pay their bill without borrowing more from the same people they owe. Weird! If talks do begin anew, we'll soon know what the final terms are.

Hi.

Presumably, this would serve the basis of progressing from the referendum (if the troika chooses to do deal further with the Greeks).

http://blogs.ft.com/brusselsblog/201...-major-points/

In it, Tsipras conceded nearly everything that they had a vote on.

Originally Posted by Manc Skipper

The Greek people don't want to leave the Euro, but they won't take any more of Europe's lethal medicine either.

They gotta play the guitar on the MTV now





yeah, this one is politically correct now as well. Apparently you can write "fagot" but you can't say it.

Lord give me strength