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These 88 comments are related to the topic:
Greeks say "NO"
Greeks say "NO"
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Replies: 88
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Great game of poker, who will blink first.
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The eu is finnish and has been for a long time, how on earth can a central organisation generalise over independent countries with different values..
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the clinton foundation said to be veeery interested in the island of lesbos
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I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece. For recovery of the
Greek economy, difficult measures and reforms are inevitable. We will now wait for the initiatives of the Greek authorities. The Eurogroup will discuss the state of play on Tuesday 7 July. Jeroen Dijsselbloem, President of the Eurogroup No wonder they said fook you, to these euro arses. Saying he knows better than Greeks the future of Greece |
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The top men in the EU told the Greek people that if they voted No they would be out. They must be shiitting bricks now the Greeks smiled and said no anyway.
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yes and if cameron plays his cards right he has got merkel and hollande by the short and curlies
milliband would of been in bed with them |
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Martin Schulz, head of the European Parliament, was still insisting on Sunday that a "No" vote must mean expulsion from the euro, but his view is becoming untenable.
Jean-Claude Juncker, the Commission's chief, is equally trapped by his own rhetoric after warning last week that a No vote would be a rejection of Europe itself, leading to calamitous consequences. Top Syriza officials say they are considering drastic steps to boost liquidity and shore up the banking system, should the ECB refuse to give the country enough breathing room for a fresh talks. "If necessary, we will issue parallel liquidity and California-style IOU's, in an electronic form. We should have done it a week ago," said Yanis Varoufakis, the finance minister. . http://www.telegraph.co.uk/finance/economics/11719688/Defiant-Greeks-reject-EU-demands-as-Syriza-readies-IOU-currency.html |
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Hardliners within the party - though not Mr Varoufakis - are demanding the head of governor Stournaras, a holdover appointee from the past conservative government.
They want a new team installed, one that is willing to draw on the central bank's secret reserves, and to take the provocative step in extremis of creating euros. "The first thing we must do is take away the keys to his office. We have to restore stability to the system, with or without the help of the ECB. We have the capacity to print €20 notes," said one. Such action would require invoking national emergency powers - by decree - and "requisitioning" the Bank of Greece for several months. Officials say these steps would have to be accompanied by an appeal to the European Court: both to assert legality under crisis provisions of the Lisbon Treaty, and to sue the ECB for alleged "dereliction" of its treaty duty to maintain financial stability. gloves are off  |
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the more erudite readers of the great works among us could have easily predicted this
"...the cows say MOO the greeks say NO The dogs say WOOF..." |
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Pretty ironic that only 62% could be bothered to vote.
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The Germans would love a few of those Greek islands
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Especially if they were allowed to reserve the sun lounges
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Varoufakis gone
 enjoyed his press conferences |
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Yes he doesnt want to stay around and get the blame when it all goes wrong.
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Varoufakis is an economist, not a politician. His entire career, and his academic qualifications are built on the conviction that
a) austerity does not work; b) the Eurozone will collapse unless it becomes a union for recycling tax from rich countries to poor countries; c) Greece is insolvent and its debts need to be cancelled. By those measures, any deal Greece can do this week will falls short of what he thinks will work. .http://blogs.channel4.com/paul-mason-blog/yanis-varoufakis-economist-play-politics/4081 |
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Yes perhaps he will leave Greece and move to Fantasy land.
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hardly any of the money including the biggie 100 billion ever made it into the greek economy - it went to the banks.
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Deal by Sunday or Greece out and all 28 EU countries to help with humanitarian aid to the failed state
Europe the final countdown .https://t.co/TX4cLyuaV8 |
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yes mobo....
now Germany...and especially France have socialised all the bad investments their private banks...hedge funds and other financial institutions made......as well as bailing out the Greek oligarchs... ....they are less worried about the immediate financial implications for the precious financial sector. ..I wonder though if Deutsche Bank have assured Merkel and Co that none of the 55 trillion euros ...(yes that really is trillions, not billions) of derivatives they are carrying will not unwind on Greek exit!!!!!!!! |
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FredRescue
The Germans would love a few of those Greek islands Joel Especially if they were allowed to reserve the sun lounges |
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Brendan's post at 10.56 from Paul Mason sums it up.
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A big load of Greek refugees coming to a town near you...until they get kicked out of the E.U. that is
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The whole problem is banks need to lend to make profit and grow under the fractional reserve banking system
they get bigger and consequently make bigger mistakes in their pursuit of profit.Greece is a by product of reckless lending. Unless we radically overhaul the whole banking sector we will just create more problems like Greece..Puerto Rico Argentina. |
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greeces debt is around 350 bn.
bailout of our own banks is said to have been 1.1 trillion |
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let the greeks sink f..k em
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Greece is collapsing, Persian aggression grows, and Rome is in disarray.
It's like being back in 430 BC |
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good point 303bn euros
the uk banks 1.1 trillion was £s |
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"The financial history of Greece has been unsatisfactory from the outset...a tax and improvident system of administration, the corruption of political parties and the instability of the government, which has rendered impossible the continuous application of any scheme of fiscal reform....all alike have contributed to the economic ruin of the country... Excessive borrowing....remissness in the collection of taxation... in the main attributable to the non-payment of direct taxes"
c/o Encyclopedia Britainnica 1910 |
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Excessive borrowing
takes 2 to tango, could just as easily say excessive lending by german and french banks who have now dodged the bullet because euro citizens are going to pay for their mistakes |
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....indeed Brendan.....
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I was talking about 1910. Not fair to blame The Great War on the Greeks imho.
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6 hours work a day and retire at 55 ,where did it all go wrong ?
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Reminds me of being in the boozer ,had a few ,the gambling lounge lizard approaches on false pretenses and begs for a loan ,against better judgement i succumb to his pitch .
Avoids me like the plague and with one thing and another i dont see him again for months . Then in another boozer i spot him ,he brazenly comes over ,quickly apologizes,assures me he will be good for the tenner next week on pay day and with a fresh pitch nearly succeeds in getting me to buy him a drink. Being the Psychopath he is he has me feeling bad about it all and nearly succeeds . Upon investigation he owes every fooker he has ever met and unless extreme coercion is applied chances of recovering funds are zero .He does all the pubs on a rota ,news of anyone having a win at the bookies produces an inbuilt response and he quickly corners his victim alone and extracts funds .Often he he switches a loan from someone who might subject him to violence to a softer target in same pub.He merrily gambles and drinks to excess without a care in the world .Only concern is where next loan is coming from . |
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sounds like me Bread do I know you
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*owe
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Managed a bookies ,simular to boozer really ,the problem is u give someone a loan u must be certain they will give it back at some stage ,otherwise u lose the custom as well ,being certain is the problem
Had a brilliant punter used to perm accas on football won a few lost a few ,one saturday he was short asked if I would cover him for a score of the bet ,Without a thought I said no prob ,bet l lost I never seen him again been coming in for months punting in hundreds ,A poxy score |
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yup ...thats him ,lined you up for that for weeks
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Looks like Greece are going to accept the demands of its creditors. Dispite the government being elected on no vote and despite a massive endorsement in the referendum.
Who is really running the world when things like this can happen, Is democracy as we think of it a myth, and is it time to start worrying? |