Greek referendum

Carl31

Whats your money on?

Koicarp

Greeks want the euro AND an end to austerity, unfortunately they can't have both and I doubt there is enough time before 5th july for proper debate. No bet here.

BlondeHeadOn

Carl31 wrote: »

Whats your money on?

Depends what the question asked is.... there are many ways to load or bias a question asked is this sort of scenario.


Until we know that, all bets are off as far as I am concerned!

Carl31

Looks like they may not even need the referendum now then...?

Gangaweed

It doesn't matter what the outcome is.

The damage is done and Greece will default early next week.

Dam Socialists, they can't even understand the mechanics that keep their banks alive. Incompetent doesn't even begin to describe these Socialist buffoons.

Generali

Not sure what it's on but it's in US TBills on Monday morning.

Thrugelmir

Carl31 wrote: »

Whats your money on?

That it's too late. This should have been proposed previously.

buglawton

Greece is supposed to have invented democracy, so giving the people the chance to vote on a specific issue is appropriate.

The chance to vote on topical issues is something us Brits are offered very rarely.

nightwatchman

Thrugelmir wrote: »

That it's too late. This should have been proposed previously.

You assume that Tsipras wanted to negotiate with his European partners in first place.
However perhaps this is not the case.
He is not stupid man, if he was he would not be a prime minister.

He knows as well as you and me that in the long term Greece will be better off if default, then return back to the Drachma and from there build a stronger economy that will not be hampered by a dept that can not possible ever repay.

However he got elected by promising an end to the austerity measures and at the same time stay in the Euro.
I am sure that he can add and subtract, therefore I am sure that he knows that he can not keep his promise.
He has vested interest to make sure that any negotiations will fail and claim that his European counterparts are responsible for it.

All this is just a show, a little theater that he plays to save his party and himself from the public wrath that will follow the unavoidable Greek default.

That said, I do think that he has the best interest in mind by ensuring that his country will default.

However given his political dogma I am not sure if this will do any good. Is not as he have any coherent plans to reform the public sector, the unions and all the other chronic maladies that plague Greece.

S0litaire

Yup! damn those capitalists not wanting to pay taxes and thinking the government will keep going with no cash coming in... the Greek tax burden has fallen on those that are the working class with some income tax rates at around 50%.

You are seeing what will happen with Austerity in the UK. more and more of the TAX burden is put on the working class rather than companies or the self employed who can use TAX evasion/avoidance schemes to reduce tax bills.

(In 2010 Greece with 25% of their GDP in a grey market, companies and businesses avoided paying close to €20 billion in taxes.)

Sapphire

S0litaire wrote: »

more and more of the TAX burden is put on the working class rather than companies or the self employed who can use TAX evasion/avoidance schemes to reduce tax bills.

Excuse me, but I'm self-employed and do not use 'TAX evasion/avoidance schemes', and neither do people I know who are self-employed. If you'd said 'affluent people', rather than 'self-employed', I would think your statement was truer.

And isn't it the case that no one (or few people) paid taxes in Greece, and that this is one of the problems that the authorities continue to fail to tackle?

Moreover, what is the 'working class'?:cool: