Greece...

Thrugelmir

wotsthat wrote: »

He accepted the proposals in writing and then went on TV this afternoon and didn't. Makes no sense.



Seems to be reacting to the constant sniping and minutiae coming from the creditors (particularly Germany) instead of taking the odd step back.

I think he's struggling to stay on top of events (many of which he's driving) and looks to have gone beyond his natural level of competence or that of the people advising him.

The minute he no longer dictates the game play. He'll lose credibility. The only option available is all or nothing. He'd make a good kamikaze pilot.

princeofpounds

I think most of Europe feels they can no longer deal with Tsipras and his government and are waiting until his government collapses - perhaps after a 'yes' vote - before resuming negotiations.


He could have had a referendum with EU support weeks ago. He chose to do it when the bailout program ended and so the ECB could not expand support to the banks.


He could have had the compromise deal he asked for today weeks ago. He chose to do it after burning his bridges to his European partners and destroying their belief he would deliver it.

Mistermeaner

Are you watching scotland?

chucknorris

ggb1979 wrote: »

Are you watching scotland?

As far as I know Scotland didn't even qualify! The good news is that England did, and if they win tonight against Japan (tomorrow morning) they will make it to the world cup final!


EDIT: I'll certainly be watching the match (it is on BBC).

IronWolf

So Greece defaulted. It was kind of anti-climactic don't you think

Thrugelmir

IronWolf wrote: »

So Greece defaulted. It was kind of anti-climactic don't you think

Why did anybody expect anything else?

Graham_Devon

wotsthat wrote: »

He accepted the proposals in writing and then went on TV this afternoon and didn't. Makes no sense.

It does now.

Today's conference call with EU leaders categorically ruled out any negotiation or indeed any talks until after a referendum.

Any negotiations after the referendum will be on a new bailout, therefore "no one can negotiate without a plan".

May suggest that any new deal will include stuff that hasn't been included so far.

Makes the referendum utterly pointless though, which I guess is part of the plan. They are voting to say yes or no to something which, according to at least Germany, no longer exists.

Greek government often a pointless referendum? They look rather silly.

They cancel the referendum? They look even sillier and lose their support base.

I guess now we'll have more focus on banning the referendum to show the government up again.

[Deleted User]

In other news: it's November 2008 and the banking system, with a worse capital/assets ratio than Greece, is being bailed out by Brown and Bush. Brown declares: "we not only saved the world ..."

cepheus

I doubt if Greece will be bullied by the Banksters and Eurocrats. It will be difficult to legally boot them out of the Eurozone.

Can Greece bring in the lawyers to avoid getting booted out of the eurozone?

Bel!n Olmos Giupponi
Lecturer in Law at University of Stirling

https://theconversation.com/can-greece-bring-in-the-lawyers-to-avoid-getting-booted-out-of-the-eurozone-44108

Graham_Devon

The former governor of the bank of cyprus has basically just wrapped it up....and given the need to see the referendum through for the EU.

If they vote yes, the EU will be negotiating with a new government (exactly what they want).

If they vote no, they will be back at the negotiating table negotiating new terms. The key to this is, while this is happening, the country will basically be completely insolvent and getting worse by the hour. Banks will likely have shut down completely and people left to fend for themselves. The greek government will have no choice but to accept everything on the table, or face watching Greece simply fall apart.