The Greek vote on Austerity

michaels

And exit poll says it is a No

cepheus

lvader wrote: »

I forget where I saw it but an early poll had the yes vote with a 5% lead. It's neck and neck now, but as with similar votes it probably will translate into a clear yes win.

Since when was a 5% lead an 'easy yes' vote?

anyway unless early votes are unrepresentative the No's have it!

General Election ‏@UKGE2020 11 minutes ago
35% of votes counted
NO 61%
YES 39%

looks like he threat's (and polls) didn't work. It does help if you have 'No' first on the ballot paper though.

lvader

I wanted a No vote so I'm happy to be proven wrong. I still don't think they voted no for the right reasons but hay ho.

masonic

Wow, I wasn't expecting that, but if the result holds up, hopefully this will pave the way for a reality check and maybe a better eventual outcome for all concerned.

Nikkster

Just noticed that this poll mirrors the exit poll.

Here (at the moment anyway )
Yes: 37%
No:60%
(Ignoring the other option which is at 17% - this wasn't limited to one vote per username)

Exit poll
No: 61%
Yes: 40%

Thrugelmir

masonic wrote: »

Wow, I wasn't expecting that, but if the result holds up, hopefully this will pave the way for a reality check and maybe a better eventual outcome for all concerned.

A step into the unknown. Spain has a general election this year. Anti austerity parties dominated in recent local elections.

padington

Why wouldn't they say no really ? If someone offered you ten kicks in the gonads or a chance for something else, I know what I would chose.

The only question is are they now going to get 20 hard kicks
instead ....

HAMISH_MCTAVISH

"And then I told them European leaders would give in if you vote No and we'd end capital controls by Tuesday!"

mystic_trev

HAMISH_MCTAVISH wrote: »

"And then I told them European leaders would give in if you vote No and we'd end capital controls by Tuesday!"

Indeed. If I were them I'd be watching out for my back. Once the consequences of their actions sinks in and anarchy starts, a Military coup will despatch them quite quickly.

Rinoa

Barclays Analysts, 5 mins ago.:

Barclays analysts have issued a research note, warning that Greece is likely to leave the euro.
They write:

“While Chancellor Merkel and President Hollande are scheduled to meet tomorrow, we argue that EMU exit now is the most likely scenario….”

The Barclays team also expect the ECB to pull that much needed emergency liquidity funding before July 20. when Greece faces a major debt repayment.”

“The ECB Governing Council will meet on Monday to decide on ELA. We would expect ECB’s GC to shut down ELA at the latest by 20 July.
Assuming that all of the pledged collateral at the ECB is recorded at (close to) par on Greek banks’ balance sheets and that current average haircut on collateral is 50%, then retention of the collateral by the Eurosystem would translate into a more than €30bn loss for the banks.
This alone would wipe out shareholders’ equity. The Greek central bank will eventually need to print its own currency in order to inject new liquidity and capital”.