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Greece referendum: Early results show 'No' vote ahead

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
 
chromium said:
well tell it to the deadbeats in germany who have refused for over 70 years - far longer than greece's current situation - to pay for the damage they caused
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Lol !!

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 !
 
John V said:
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?

View attachment 67186834 View attachment 67186835
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That they will.

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.
 
eohrnberger said:
Don't know if this was posted earlier, but . . .
Greece debt crisis: Greek voters reject bailout offer - BBC News

"As of tomorrow, Greece will go back to the negotiating table and our primary priority is to reinstate the financial stability of the country,"

If that's the case, wouldn't one of the first things that needs to be done be that the Greece government NOT spending more than it takes in?
That it crack down on tax cheats?

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?
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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
 
Chagos said:
it's a repetitive prayer in Buddhism, a form of meditation
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I know what a mantra is, being a Buddhist and all, but I don't see what mantra it is you're referring to, since I've repeated nothing.
 
MMC said:
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
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If you liken Greece to the teenager with their parents credit card, and the IMF as the parent, seems that the teenager needs to learn how to better handle money, and the parent needs to cut the teenager off from the credit card and impose some much needed spending discipline.
 
chromium said:
well tell it to the deadbeats in germany who have refused for over 70 years - far longer than greece's current situation - to pay for the damage they caused
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You are missing an important item here with this foolishness you have brought up. If this was so important to Greece why is this such an issue now that they cannot pay back the IMF, but this was not all that much of an issue when they joined the EU/Euro with Germany in the first place? Moreover, why was Greece not asking for this "debt" just two or three years ago when they knew damn well their own fiscal condition was in rapid decline?

The truth is Greece is using this German WW2 war "debt" as issue avoidance, just as you are. Greece over-spent, over-promised, and made these choices harming their fiscal future. Now that it is time to pay, they are blaming others and hiding behind anything they can find to avoid being responsible for their own actions.
 
Fenton said:
That they will.

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.
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They tried equality socialism and ran out of money. They then lived off borrowing to fund it and that ran out. They now have a problem: Who else will fund their welfare socialist society and the answer is, no one. Greece is not the only EU country living on borrowed time.
What they should have addressed is the root cause of failure, not ways to carry on financing it.
Iceland was a prime example of the way to go.
 
OrphanSlug said:
If this was so important to Greece why is this such an issue now that they cannot pay back the IMF, but this was not all that much of an issue when they joined the EU/Euro with Germany in the first place?
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You clearly haven't been paying attention. You only have to spend about 20 minutes with a Greek guy in a bar for the topic of how much the Germans still owe them to raise its head. When was the last time you went out drinking in Greece? And you really never heard it mentioned? Really?
 
I really wouldn't take this election too seriously. It's too important to leave in the hands of the People. I would bet anything that at the very least, the CIA and European Intelligence are working hard to assure an outcome that favors further bailouts.
 
Andalublue said:
You clearly haven't been paying attention. You only have to spend about 20 minutes with a Greek guy in a bar for the topic of how much the Germans still owe them to raise its head. When was the last time you went out drinking in Greece? And you really never heard it mentioned? Really?
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Again, why does this get Greece off the hook for their own fiscal mismanagement?
 
OrphanSlug said:
Again, why does this get Greece off the hook for their own fiscal mismanagement?
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Well, it's a lot of money the Germans still owe the Greeks, yet to hear them you'd think the German bail-out cash was a gift from a dear and benevolent philanthropist, rather than a loan from a particularly rapacious loan-shark.
 
OrphanSlug said:
Again, why does this get Greece off the hook for their own fiscal mismanagement?
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Cuz a guy in a bar said so.


(try to keep up, dummy....)
 
Andalublue said:
Well, it's a lot of money the Germans still owe the Greeks, yet to hear them you'd think the German bail-out cash was a gift from a dear and benevolent philanthropist, rather than a loan from a particularly rapacious loan-shark.
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That was 70 years ago.

Are there specific post war agreements are yet to be fulfilled?

Seems like would/should have been brought up when the loan was being addressed....?
 
GreatNews2night said:
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...
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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.
 
Andalublue said:
...you would be moronically simplistic.
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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.
 
Manc Skipper said:
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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Have a link to that??

Be curious how they worded it. And what the better action would have been??
 
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The ever plain-speaking Paul Mason getting a bit tired and emotional!

 
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.
 
TheDemSocialist said:
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.
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Define "fair deal."
 
Andalublue said:
...you would be moronically simplistic.
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Manc Skipper said:
IMF admits: we failed to realise the damage austerity would do to Greece | Business | The Guardian
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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.
 
OrphanSlug said:
Define "fair deal."
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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"
 
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