But the government had the mandate to negotiate against these terms anyway. They had been voted into government on an anti austerity ticket.
The referendum has been worth it just for exposing the number of people who have attempted to make democracy sound like a bad thing in the last week For Greece it has also given time for the IMF report to be leaked which lays bare the ridiculous and guaranteed to fail demands of the creditors
Also the result was not obvious Germany was betting the Greeks would be scared for their bank savings and bend over and take anything to protect them The OXI landslide is unprecedented
They are already suffering. 5 years. After 5 years things are about to get worse either way, if they take it they have to flog half the country (at rock bottom prices), and privatise all their valuable assets and apply further austerity. The money they will be given that puts them further in debt, some will go to the likes of US hedge fund they owe 19bn and others. So in 10 years of this bailout crap they will certainly be worse off, austerity is incremental. It gets worse each year and as things like water health and the ship ports n stuff are privatised costs go up as austerity bites harder. If they get out now they can take the hit. Get over the worst and be better off within a decade. If they stay and take more cash they will be worse off in 10 years.
The Germans are in total ****ing #meltdown over it Anyone connected with finance is lining up to cry about how it's now impossible for any deal to be made with Greece Such contempt for democracy, and you know they mean there will be no deal because compromise is only a one way deal in their eyes If they had a referendum the German people would probably vote for their ministers to stop being ****s
That's my earlier point. Is this really a contempt for democracy? If a population borrows billions and live above their means for decades and when asked to repay the debt, they say: "we are going to put it to a democratic vote". when they do the (predictable ) answer is no the terms are not acceptable and we want the debt written off or we want a repayment holiday for 20 years. Do the creditors have to accept this "democratic" decision. Was there any other answer?
The referendum question was being interpreted in different ways by different people. Those who voted no chose to interpret it as a vote for better terms in negotiations. Those who voted yes chose to interpret it as a vote for or against staying in the Euro. We could argue that the vote was a victory for the government's interpretation. If the other interpretation had prevailed, the yes vote would have won. This is some weird referendum !
The question was to accept the current proposal or not and the Greek government cannot be held responsible for what interpretations some other people choose to apply. They stated continuously that it was not a vote about being in the Euro or EU. Being out of Europe was a fear tactic spread by the creditors.
They are not gonna kick Greece out I think. Not after working that hard to lever them into more debt. The reason they did not crumble to a write down is Italy and Spain are next. If they let Greece off easy then those that follow will fight for the same deal.
Yes it is. We go to Tilos a fair bit, her old man rents there for the year. Small island but it's great in the summer, locals are nice enough. The tourists there are the older types, a lot fo Finns go to the Islands. I could sit near the sea and get stoked all day every day and not get bored I like to pretend I am leonidas
It would be funny if Europe decided it was going to greece this summer for a holiday, the tourism bucks, and it would piss off the banks
I am seriously considering it. I've never been. I take it the greek cyprus side has also been affected? Aint it ironic that they voted on that island for the Euro, byt the turk cypriots couldnt have it for some reason to do with the way the greek cypriots voted. Memory fails me on the details.
The greek finance minister has resigned, no doubt the EU are now not willing to deal with him, between that and his "terrorism" comments, of which he was right, they were trying to scare the **** out of Greeks with financial "terrorism", he prob had ot go for any deal with the EU to go ahead. Everything seems ot be "terrorism" these days. Except white people doing mass shootings apparently
Dunno mate, I do know that the IMF and ECB had Cypriot banks steal everyone's money straight from their accounts. Pure theft like
Europe admits they got owned by Varoufakis, just like the BBC did, so demand he resigns or they take their ball and go home
