Greece...

wotsthat

Graham_Devon wrote: »

I'm suggesting that if the deal was good enough last week, why deny to look at the same deal now?

Other than the date, what's changed?

A referendum has been called?

The referendum is hardly going to shine a torch into the darkness but what's the point of negotiating from a position of second guessing the result?

The existing proposal has expired so a new agreement will be needed. It's bureaucracy not conspiracy - if there's a yes vote I'd expect the final deal to look remarkably like the deal they're voting on.

antrobus

Generali wrote: »

I've been pondering the same thing and the best I can come up with is that everyone else leaves the Euro and starts up a new currency without Greece. It's hard to see what they could do about that.

I suggested a similar thing in the context of the independence debate, when the SNP asserted that they had the 'right' to share the pound sterling. To which response was; they can have a 100% share of GBP, the rest of the UK can convert to UKP and carry on as before.:)

antrobus

Graham_Devon wrote: »

In other news, the ECB has just started buying state backed company debt through QE.

Here is a list of the eligible institutions.
http://www.ecb.europa.eu/mopo/implement/omt/html/pspp.en.html

I've had a look, but I don't think that any of them are Greek.

Thrugelmir

Graham_Devon wrote: »

The fight between Germany and the Greek government is all this is about.

All Eurozone countries send representatives to the meetings. It's not a fight it's a disagreement. Greece spends around 17% of it's GDP on pensions. Totally unaffordable. That's the sticking block.

The deal was still on the table when the referendum was announced. It was on the table the day after too. No one at that point suggested a new deal would have to be drawn up. It was ONLY after Tspiras suggested the Greeks should vote no that Germany decided they would have to draw up a completely new deal based on the referendum result.

If there's a YES vote then the Government will resign. If it's a No vote then expect Greece to go cap in hand to Russia.

Froggitt

I've often wondered why a country like say China can't "buy" a country like Greece. Seems win-win to me.

antrobus

Froggitt wrote: »

I've often wondered why a country like say China can't "buy" a country like Greece. Seems win-win to me.

China is certainly interested in buying parts of Greece. Like Piraeus

http://fortune.com/2015/04/10/china-goes-after-greek-port/

But why buy now? If Greece really is going to crash out of the Euro, everything will be so much cheaper sometime soon.

wellused

If the situation deteriorates to the point where Greece is forced to leave the Eurozone and even to leave the EU the population will be in such distress that the EU will be forced to pour money in to Greece to save the people from the consequences.

Jason74

wellused wrote: »

If the situation deteriorates to the point where Greece is forced to leave the Eurozone and even to leave the EU the population will be in such distress that the EU will be forced to pour money in to Greece to save the people from the consequences.

You would think so, but we've already seen enough to be pretty sure that Greece is being made an example of. Humanitarian concerns havent got in the way of that so far, so I'm not sure that future problems would cause that to change.

TheBlueHorse

So, in a nutshell are the Greek people voting to accept a deal or not accept a deal that doesn't exist?

[Deleted User]

TheBlueHorse wrote: »

So, in a nutshell are the Greek people voting to accept a deal or not accept a deal that doesn't exist?

Who cares? Democracy is rigged. Why not let Simon Cowell decide with an X-Factor style televoting system? (€5/min. T&C apply)