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Chit Chat
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Good job too.
Now lets see what the krauts have in store .
Now lets see what the krauts have in store .
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So the Germans rush to meet the French now , major panic , what about the rest of the EC members ?
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The Picture Police won't let this one go...
. http://i61.tinypic.com/10ginw9.jpg |
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the BBC are seething
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I thought for sure they would vote yes
I am in shock How are the people going to get money to live the banks are going to have to close. |
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This is a vote for the little people.
From today I am actively campaigning for an Irish referendum against austerity . |
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Either..the ECB will be forced to concede...and restart the emergency liquidity funding to Greek banks..(stopped a few days before the referendum...strange that)..
OR ..the Greeks exit the Euro...and start printing..... (actually they already have of course) Drachma. ...cant see any other way as far as the banking liquidity goes. |
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Alexis Tsipras, the Greek prime minister, has pledged that regardless of the result he will return to the negotiating table with creditors after the referendum. The EU, European Central Bank and International Monetary Fund – the lenders that have propped up the country since mid-2010 – have insisted that a no vote will mean the end of negotiations. That, in turn, would mean the end of financial support for Athens, which has already defaulted on a €1.6bn loan instalment to the IMF and faces a €3bn payment to the ECB on 20 July. Tsipras has said a cash-for-reform deal could be reached “within 48 hours” – just in time to see banks reopen on Tuesday, the deadline announced by the government.
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..good stuff irishone.....
imo the Euro.... this whole political construct masqeurading as economic progressiveness has been an exercise in the dilution of democracy. I thing the Eurocrats are not so stupid and have this quote at the back of their minds.... "Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild. |
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"The first thing is that the IMF report [released last week] proves that the debt [load] is not viable and secondly that there is a new popular mandate as it would seem from the apparent result of the referendum."
My money is on Merkel bottling it  |
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21m ago
19:48 The heads of Germany’s savings bank association has told Reuters that Greece should now leave the eurozone. And the head of the German exporters association told Reuters he can’t see how Greece stays in the single currency now. |
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Podemos rubbing their hands in glee.
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And opinion polls utterly wrong -again!
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10m ago
20:10 Tsipras hits the phone Helena Smith Helena Smith Greek television are reporting that Alexis Tsipras has spoken with several European leaders, starting with the French president Francois Hollande. There are also suggestions that ECB president Mario Draghi has also been contacted |
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will the counts bottle it ?
YES 1/100 No no offers |
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Halfway there. With over 50% of #Greferendum ballot boxes counted, it's
NO 61.25% YES 38.75% |
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landslide
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Cameron will be pleased
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“History shows us that countries can escape crippling debt in a just way. In 1953, at London Conference, Greece was among the European nations signing a deal which allowed for the cancellation of German debt, to enable the country to grow again after the destruction of the Second World War. Europe needs to come together to offer the Greeks a deal which allows their country to be rebuilt.” .... green party
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Good the job the EU hasn't got its army yet, otherwise tanks would be rolling into Greece to restore order, stability & the rule of law.
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https://www.youtube.com/watch?v=eZeYVIWz99I latest from greece |
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yeah lets get back to a soviet military economy
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Irishone,
If irelands leaders had one ounce of courage we should be behind them and pile so much pressure on the EU they would have to cave in. Pretty sure Italy Spain and Portugal wouldn't be far away either. That our political leaders are spineless and obsessed with being the best boy in class in nauseating and shameful. Viva le greece |
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Merkel just quoted as saying "I don't like it, but I'll have to go along with it."
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With the rejection of the rules of the euro zone ...negotiations about a programme worth billions are barely conceivable,....
Tsipras and his government are leading the Greek people on a path of bitter abandonment and hopelessness.” |
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the BBC are praying for some sort of riots, dont they realise the people have voted and it is virtually a landslide.
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All politicians are spineless , the job's all about longevity .
Truth gets very rough treatment unless there's a crisis , then a few of them resign , hopefully never to be seen again. Then we get another lot of liars come in . Great system if you can use/abuse it by not actually getting involved. |
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BBC don't seem very happy...strange.
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German chancellor Angela Merkel is to meet with French president Francois Hollande tonight to discuss the situation.
mmmmmm mmmmm You can imagine this conversation . "You do realise francois that Greece is our back door ? If we upset them we lose a barrier to more immigrants getting to Calais ? " |
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More again from Germany's Deputy Chancellor Sigmar Gabriel, who has spoken to Tagesspiegel newspaper.
He said Tsipras and his government were taking Greece down a path of "bitter abandonment and hopelessness." Tsipras has "torn down the last bridges which Europe and Greece could have crossed to find a compromise," Gabriel said. "By saying 'No' to the eurozone's rules...negotiations over billions of euros in bailout programmes are difficult to imagine." ...are ******** kidding me ......all Eurozone countries have broken rules on deficit percentages and the like over the 10 years....despicable. |
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Germany were the first to break them I think, closely followed by France
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yes Brendan...despicable hypocrisy.
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Franco-German call for eurozone summit
AFP Posted at 21:10 Chancellor Angela Merkel and President Francois Hollande want a eurozone sumit on Greece on Tuesday (Berlin) NOW WE KNOW WHO RUNS THE SHOW |
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eurozone summit needs to guarantee greek bonds otherwise ECB pulls ELA funding of the banks and grexit happens wednesday.
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Why don't they sell a bunch of their islands?
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...as I have posted elsewhere...
I think they are trying to weigh up the cost of keeping Greece in...a lot... ...and the potential huge huge cost of derivative trades unwinding if they exit.....not to mention the political cost... ..many of these bonds are used as collateral for derivatives trades that are leveraged many times.!!!! |
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The Leopard 05 Jul 15 21:51
Why don't they sell a bunch of their islands? They have about 200 uninhabited ones they could flog. |
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I dont think you can sell territory, or you cannot at times like this.
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They would be far better off going back to the drachma
Put the money they are paying back into the current account Massive depression this year O K , but better than paying back for the next twenty |
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they will get debt restructuring, a deal will be done imo
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