Well, when lenders impose that sort of thing on Greece, it's by now called terrorism. There's no doubt that many of the imposed conditions were absolutely without merit to anyone. But that's a different story.Just thinking that if the US government continues on the same spending track, this may be the future awaiting the US. And on that vein, it's better to deal with the problem earlier rather than later, rather than letting the problem continue to grow and get worse. It's not going to get better unless there are some reforms, such as a balanced budget constitutional amendment.
Heck, don't all the states have such an constitutional clause? Don't the governors and the state legislators have to comply with the same constraints?
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.
Lol !!!! I'm willing to bet that you own at least one Che Guevara poster, maybe more.
Whatever's been " imposed " on Greece has been done by Greece and Greece alone.
Asking a Government that knowingly distributed hundreds of Billions of dollars worth of worthless bonds throughout European banks to honor its contracts is far from " terrorism ".
Greece enters uncharted territory after referendum 'no' vote
It looks like a ‘No’ vote.
I’m happy for them that they want to abandon the EU, but having just elected a communist leader, I have a feeling that they’ll now become a permanent basket case. Where have you seen these clenched fist salutes before and where has it ever worked?
Greece.jpg Greece 1.png
Tsipras trying to extort 300 Billion Euros out of Germany was hilarious IMO !
Its like Greece is a Country filled with Millions of Tony Soprano's. Socialism corrupts on such a personal level, doesn't exist ?
What's even funnier is Greece had NO PROBLEM with Germany's " Nazi war crimes " back when it was selling Germany hundreds of Billions of dollars worth of worthless Greek bonds.
And now the Creditors want their principle back ? How dare they !!??!!
That money was " free ", needed to further the cause and prove to the world that Socialism is the best system ever !
The Lefties that applaud this decision have NO IDEA what they're talking about. No idea what this means.
When Greek Banks stop receiving their much needed liquidity injections that too will be blamed on " the Banks " and the Troika.
In lefty land, its everyone else's fault, no matter how corrupt and criminal your own party is.
I don't know EB. It appears its going to take a couple of days before the European parliament weighs in.
But euro zone officials shot down any prospect of a quick resumption of talks. One official said there were no plans for an emergency meeting of euro zone finance ministers on Monday, adding the vote outcome meant the ministers "would not know what to discuss".
The result also delivers a hammer blow to the European Union's grand single currency project. Intended to be permanent and unbreakable when it was created 15 years ago, the euro zone could now be on the point of losing its first member with the risk of further unraveling to come.
First indications were that any joint European political response may take a couple of days. German Chancellor Angela Merkel and French President Francois Hollande will meet in Paris on Monday afternoon. The European Commission, the EU executive, meets in Strasbourg on Tuesday and will report to the European Parliament on the situation.....snip~
Greeks defy Europe with overwhelming referendum 'No' | Reuters
"The crisis will end when fear changes sides" - Pablo Iglesias Turrión
"Austerity is used as a cover to reconfigure society and increase inequality and injustice." - Jeremy Corbyn