Greece - SYRIZA, in the margin of the Eurozone

[sob]

Simitis .. the Greek prime minister at that time , he was the person of Germans. Germany actually proposed and "forced" with their political representatives in Greece to join Euro. So greeke industry was vaporised and all the loans were used to by German products..
There was NEVER e referendum on the issue as it should be..\

But the point is there was no major disagreement within Greece on joining the Euro. Nobody can force you to take on loans that is beyond your capacity to repay.

I sympathise with the ordinary Greek citizens, the politicians have failed them miserably, even the present Premier.

 

[arpakola]

I guess we will be eating feta and gyros next winter, if we plan get something back from Greece. Our piece of loans is 7 billion, two years defense budget....expensive experience with those southern croocks.

Who realy convinced you to participate to the loan replacing the Market Bonds with inter eU state loans..
It was a dirty EU trick to transfer market losses from International bonds to interstate loans ie.. EU tax payers..
Never again to trust Brussels..

 

[arpakola]

@arpakola
Yes or No,what does it change ?
Greeks aren't in position to demand,beggars don't choose.... :biggrin2:

at the moment EU banks are the beggars begging not to lose their loans..

 

[arpakola]

But the point is there was no major disagreement within Greece on joining the Euro. Nobody can force you to take on loans that is beyond your capacity to repay.

I sympathise with the ordinary Greek citizens, the politicians have failed them miserably, even the present Premier.

well yes..
but if you have at least one phone call per week from your bank "reminding" you that they are happy to give you a loan.. well some people fall into the trap. Now if those people cannot pay back , I will not cry for the loaners loosing their money.
And the only thing for sure is that Greece will NOT pay in any way 350 Billion Euros. Period.
I would suggest to EU bankers start to get used to this fact

 

[jouni]

Europe really is like Americas: rich, pragmatic and coherent north and poor, caotic underdeveloped south. It must be the sun....not good for brains.

 

[Gabriel92]

at the moment EU banks are the beggars begging not to lose their loans..

Listen beggars,you have no money at all,how will your govt pay you ? With what money ?
I hope russia will be here to help you,beause no one will. :bounce:
You think you will escape without paying your debts ? Keep dreaming.

 

[Rowdy]

well some people fall into the trap. Now if those people cannot pay back , I will not cry for the loaners loosing their money.

@Gabriel92 @Mad Indian @Sakal Gharelu Ustad
Greece logic
we will also not cry for defaulters taking mindless loans and living on the streets

 

[amoy]

Greeks really don't have good alternatives - the devil or the deep sea.

Either way looks gloomy.

Greek Syriza'd better stop playing brinkmanship. The triad may find more pressure is useless for the debt-ridden Greece.

Hopefully both sides (EU/IMF and Greece) will compromise and meet in the middle way pragmatically. Otherwise it's going to be a loss-loss.

 

[arpakola]

@Gabriel92 @Mad Indian @Sakal Gharelu Ustad
Greece logic
we will also not cry for defaulters taking mindless loans and living on the streets

Νο.. and we dont expect.

If our logical demands dont met .. we will BLOCK with VETO ALL decisions of EU and NATO

is this good enough for you ..?

 

[arpakola]

Greeks really don't have good alternatives - the devil or the deep sea.

Either way looks gloomy.

Greek Syriza'd better stop playing brinkmanship. The triad may find more pressure is useless for the debt-ridden Greece.

Hopefully both sides (EU/IMF and Greece) will compromise and meet in the middle way pragmatically. Otherwise it's going to be a loss-loss.

this is Greece my dear all - DEEP seas is our environment ..
If loaners want to loose their loan.. we will be more then hapy to agree
but this is Greece

......................................................................

 

[arpakola]

......................................

 

[arpakola]

 

[amoy]

What assets on sale now?

Greece to Ask for Revised Bids for Piraeus Port
Athens plans to offer winner of 51% stake in Greece’s biggest port an extra 16% in five years

Cosco is widely seen as the front-runner, given that it already controls two container terminals in the port. The Greek government also believes that China is among only a handful of countries willing to take the risk and invest in the volatile country, those people said.

Portugal and Italy of PIIGS have sold their shareholding of State Grids out in bailout efforts.

 

[jouni]

Think positively: you outlived that Roman Empire-thing for 2000 years....

 

[arpakola]

http://sputniknews.com/politics/20150706/1024267662.html
Putin, Tsipras Discuss Outcome of Greferendum on Bailout Deal - Kremlin

 

[Rowdy]

@arpakola
Regardless of whatever greece does Oxi or No Oxi

 

[Gabriel92]

@arpakola
Regardless of whatever greece does Oxi or No Oxi

The thing they don't understand,referundum or not,is that they aren't in position to decide and demand,they are the beggars,they don't choose.
OXI or NAI,nothing,listen and shut up.

 

[Sakal Gharelu Ustad]

The thing they don't understand,referundum or not,is that they aren't in position to decide and demand,they are the beggars,they don't choose.
OXI or NAI,nothing,listen and shut up.

Germany knows what it has gained by the Euro experiment. Greece going out will show a way to others. Greece might be beggar right now but Germany stands to lose a lot in the long run.

 

[Rowdy]

Germany knows what it has gained by the Euro experiment. Greece going out will show a way to others. Greece might be beggar right now but Germany stands to lose a lot in the long run.

exporters are happy with the euro going down ... as far as germany is concerned

 

[pmaitra]

Generally, the US and its NATO minions howl in concord. This time, however, a news media called CNN, that closely follows the US government line (and domestically, the liberal line), has chosen to be sympathetic to Greece. That the Euro is a competitor to the US Dollar might be a motivating factor.

The Greek crisis...in 2 minutes

1. Greeks voted "No" by a big margin - it was a vote against Europe's latest bailout offer.
2. Global markets were lower as a result, but not as bad as some feared because the possibility for a bailout is not completely dead.
3. Greece will now ask Europe for help with less punishing conditions. They want less austerity and more of their debt canceled. But it's not clear whether Europe will play ball.
4. One potential hurdle to a deal was cleared by the resignation of finance minister Yanis Varoufakis, who had strained relations with European leaders. He was replaced by Euclid Tsakalotos, who has served as Greece's chief bailout negotiator.
5. Greece is just about out of cash, and it can't raise it from private investors.
6. Pressure on its banks has increased after the European Central Bank made it harder for them to access emergency funds. The banks -- already shut for a week -- will stay closed at least through Wednesday.
7. And Greece has a big debt payment coming up - to the ECB on July 20.
8. As for whether another bailout deal is possible, that will depend on the response from Germany, France and big European institutions. German Chancellor Angela Merkel said Monday the door remained open to talks. All 19 eurozone leaders will meet Tuesday in Brussels.
9. The good news: Greece is a small economy, and most of its debt is held by governments and big institutions, so a global financial crisis should be avoided.
10. One risk is what a Greek exit from the eurozone would mean for the strength of Europe overall - and whether other countries, like Spain and Italy, could be punished by investors as a result.
11. With all that, why did the Greeks vote "No"? Greeks are already suffering with Depression-level unemployment, driven in part by painful spending cuts pushed by Europe. They want a new strategy.
12. If talks break down, Greece could be forced to abandon the euro and print its own currency. Introducing a new -- and weaker -- currency would take time. But eventually, after plenty of short-term pain, a new currency could help Greece's economy, boosting businesses like shipping and tourism.

Some comments that I thought were thought provoking:

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