Economy
Related: About this forumLooks like Greece is voting NO!!!!!
They will win.
If they collapse, the dominos will begin to fall and the exposure is too broad for TPTB to allow.
Syriza expects a deal to be reach within 24 hours of the NO vote. The debt will be restructured, as it should have been 5 years ago.
http://www.theguardian.com/business/live/2015/jul/05/greeces-eurozone-future-in-the-balance-as-referendum-gets-under-way--eu-euro-bailout-live
Greek referendum: TV station polls put 'No' vote in the lead live
Latest: Opinion polls suggest Greece has voted OXI (but caution needed)
Summary: Poll shut after momentous day
Track the results here
Varoufakis: Deal could come in 24 hours
Photos: Millions of Greeks vote
Tsipras: Today democracy conquers fear
Greek referendum: six questions about what happens next
WDIM
(1,662 posts)The Greek people are strong and they have what need they should tell the rich oligarchs our lives will not be held to ransom so you can just makebyour pockets fatter. The rich have taken enough already. Defaulting on all debt would be a revolution against the oligarchs.
they certainly have been made to suffer enough and I think the debt at this point should be forgiven. But I'm guessing that's as likely to happen as my student loans that I took out based on false statements by the University, the Federal Government and a local HR rep.
OTOH, Merkel might just be stupid and vindictive enough to throw them out of the EU and cause those dominos to start toppling.
mother earth
(6,002 posts)it is a lesson to the oligarchs who were salivating over the garage sale of privatization, the desperation they would've have been happy to impose. The fight continues, but they've won a huge battle. One must look on both sides of this.
The vision of Varoufakis' united & shared prosperity is indeed a vision of fairness and it is a beautiful thing, they are going to end oligarchy, this is one road, there are a few. This is the road of less turmoil and more unity. Revolution can be bloody, why go that route when another route brings the same reform and is a lesson to the Troika & the oligarchs?
They are telling them their lives will not be held to ransom, they are doing exactly what you are saying, without the turmoil, and they are honoring the Greek people's wishes.
I'd say, Angela Merkel & Germany would be held responsible if this all turns to crap & Greece is forced out without negotiating a deal at this point, this time, honoring the people of Greece's intent to stay and pay, but with a kinder, gentler way forward, aka, debt restructure and forgiveness...stay tuned.
mother earth
(6,002 posts)"I dont need to be confident, this is a beautiful democracy. We only have to wait a few hours for the verdict to come through."
I love this man! Solidarity with Syriza!
Today, indeed, democracy conquers fear...never doubted them for a moment. Go left, it is the best way!
elfin
(6,262 posts)Another outcome if Greece boots him - very unlikely, but I think it became intensely personal with her in a negative way.
Syriza is playing a very dangerous end game.
Yes, the creditors should have backed off austerity, but Greek negotiators led by Syriza made everyone at the table angry with their seeming disrespect and bad manners - not just Angela.
Unnecessary bad outcome - plenty of blame to go around.
mother earth
(6,002 posts)right and his intent is his vision of shared prosperity for the Eurozone, an end to this predatory capitalism brand that makes beggars of these nations and enriches the oligarchs. What's not to love about that? To hell with the predators.
What say you, magical thyme?
magical thyme
(14,881 posts)but that would be political suicide for her too.
I wasn't at the negotiating table, so have no idea how or whether they showed "disrespect" or "bad manners."
Certainly the Troika's hiding the IMF report for the last 5 years -- which made clear that without debt restructuring, the loans would collapse the economy, was not only disrespectful and lacking in manners, it was a deliberate and vicious attempt to destroy the Greek economy and people for the obvious purpose of trying to privatize Greece at bankruptcy prices.
I don't know how "respectful" or "mannerly" I'd be at the negotiating table with people who forced ruin on my country.
I do know I have a hard time behaving respectfully or with good manners to my neighbor who has tried to kill my horses, tried to kill my dogs, trespassed and damaged my property with the intent of driving me into bankruptcy. All after I laughed when he verbally offered $85K for my farm. And I know that if I were forced to "negotiate" with him, I'd probably try to strangle him with my bare hands if I weren't choking on my own puke.
mother earth
(6,002 posts)mother earth
(6,002 posts)magical thyme
(14,881 posts)mother earth
(6,002 posts)promise. I applaud them, Tsipras & Varoufakis totally rock!!!
DemReadingDU
(16,000 posts)08:35 pm (Greece Time)
Official by 19.6% counted:
NO 61%
YES 39%
refresh page for updates
http://www.keeptalkinggreece.com/2015/07/05/referendum-1-estimation-on-counted-votes-no-55-live-blog-from-athens/
or follow on twitter
https://twitter.com/keeptalkingGR
magical thyme
(14,881 posts)Slowly but surely, for the last hour every time more report, the lead opens up a little more. from 60.15% the first time I check to 60.62% 3 minutes ago!
http://ekloges.ypes.gr/current/e/public/index.html?lang=en#{"cls":"main","params":{}}
05-07-2015 20:50
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Registered 2.145.590
Reporting 25,42 %
Voted 57,88 %
Invalid/Blank 5,57 %
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60,62 %
39,38 %
mother earth
(6,002 posts)DemReadingDU
(16,000 posts)TY, for reminding me to look back at it!
PatrickforO
(14,593 posts)does NOTHING but make the people suffer.