Greek Referendum on IMF/Troika deal
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  Greek Referendum on IMF/Troika deal
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Author Topic: Greek Referendum on IMF/Troika deal  (Read 73249 times)
RogueBeaver
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« Reply #675 on: July 12, 2015, 08:07:04 PM »

Another trilateral meeting underway.
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Hydera
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« Reply #676 on: July 12, 2015, 08:12:45 PM »

Getting really annoyed at Greece's clown tactics.

Give us money!

You never should have loaned us money!

Give us more money!

It was wrong of you to loan us money like that.

Give us money!

You only loaned us that money to benefit yourself

Some more money?

Don't expect us to be grateful. You forced those loans on us and only did it for your own benefit.

More loans!

We can't pay back those loans.

More loans!

We have had a vote and decided that NO we won't want any more loans.

Can you give us some more loans?

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jaichind
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« Reply #677 on: July 12, 2015, 08:30:53 PM »

Looks like France and Germany is playing a good cop bad cop game on Greece.
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Hydera
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« Reply #678 on: July 12, 2015, 08:41:40 PM »

Looks like France and Germany is playing a good cop bad cop game on Greece.

France is free to dump 300 billion of its own euros for greece, nobody will complain in fact the germans would be happy that they aren't on the hook for a 3rd bailout that greeks will half-ass and then come back the next year asking for more money.
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jaichind
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« Reply #679 on: July 12, 2015, 08:45:19 PM »

Tsipras may seek to expel from Syriza party those opposed to a deal with creditors.  Tsipras may seek to replace Energy Minister Panagiotis Lafazanis, Deputy Labour Minister Dimitris Stratoulis, and speaker of parliament, Zoe Constantopoulou.
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RogueBeaver
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« Reply #680 on: July 12, 2015, 09:16:03 PM »

Tusk expects to reconvene Eurosummit in a few minutes with a compromise proposal.
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Nathan
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« Reply #681 on: July 12, 2015, 09:21:20 PM »

Tusk expects to reconvene Eurosummit in a few minutes with a compromise proposal.

I'm assuming this will be one of those 'compromises' that is more hardline than what the creditors were originally asking for?
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jfern
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« Reply #682 on: July 12, 2015, 09:32:15 PM »

Tusk expects to reconvene Eurosummit in a few minutes with a compromise proposal.

I'm assuming this will be one of those 'compromises' that is more hardline than what the creditors were originally asking for?

Even the Greek proposal is more hardline than what the creditors were originally asking for.
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RogueBeaver
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« Reply #683 on: July 12, 2015, 09:47:01 PM »

2 issues left: IMF supervision and $50B privatization fund. Earlier reports suggested the privatization dispute was about details, not the concept.
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World politics is up Schmitt creek
Nathan
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« Reply #684 on: July 12, 2015, 10:20:01 PM »

Tusk expects to reconvene Eurosummit in a few minutes with a compromise proposal.

I'm assuming this will be one of those 'compromises' that is more hardline than what the creditors were originally asking for?

Even the Greek proposal is more hardline than what the creditors were originally asking for.

Yes, I know, which is why this whole charade is so pathetic, depressing, and disgusting.
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RogueBeaver
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« Reply #685 on: July 12, 2015, 10:28:56 PM »

Summit still going.
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RogueBeaver
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« Reply #686 on: July 12, 2015, 10:31:14 PM »
« Edited: July 12, 2015, 10:43:12 PM by RogueBeaver »

Guardian saying that those 2 sticking points increasingly looking like dealbreakers for Tsipras.

Politico saying despite those differences, compromise still possible. They want IMF as ESM support rather than a precondition, and $17B in privatization funds was the most they could find - claim IMF supports that.
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ag
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« Reply #687 on: July 12, 2015, 10:44:20 PM »

Guardian saying that those 2 sticking points increasingly looking like dealbreakers for Tsipras.

Those are highly non-trivial points. I can see why they are deal-breakers. He would need to get it through the parliament - and that is, probably, too much of a humiliation for a lot of people there.

It would, probably, be better to split the aid package into multiple small tranches, each to be delivered when the Greek government makes an agreed step.
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ag
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« Reply #688 on: July 12, 2015, 10:45:56 PM »

I am pretty certain Tsipras now wishes he had never heard the word "referendum" in his life.
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RogueBeaver
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« Reply #689 on: July 12, 2015, 11:00:01 PM »

Summit breaking for "final consultations", per Malta.
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RogueBeaver
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« Reply #690 on: July 12, 2015, 11:17:26 PM »

Tsipras says he can't agree to IMF involvement -  Heath.
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jaichind
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« Reply #691 on: July 13, 2015, 04:27:13 AM »

Tsipras finally folds.  Deal reached.  Political fallout in Greece unclear.
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Swedish Rainbow Capitalist Cheese
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« Reply #692 on: July 13, 2015, 04:56:38 AM »
« Edited: July 13, 2015, 04:58:48 AM by Swedish Austerity Creep »

Will he be able to get the deal through in Parliament without causing the collapse of his government though? I guess Tsipras could survive losing ANEL, but if large chunks of his own party starts to fall off he's in deep sh.it
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BaconBacon96
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« Reply #693 on: July 13, 2015, 05:46:26 AM »

Will he be able to get the deal through in Parliament without causing the collapse of his government though? I guess Tsipras could survive losing ANEL, but if large chunks of his own party starts to fall off he's in deep sh.it

It's been said that Syriza members who don't comply could be expelled. Nonetheless, I wouldn't be surprised if a number of them vote against it anyway and Tsipras has to use the votes of PASOK, ND and Potami to pass it. As for what happens to the government then, who knows.
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RogueBeaver
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« Reply #694 on: July 13, 2015, 05:59:34 AM »

Suggestions of a national unity government, followed by a fall election. We'll see how long Tsipras' popularity lasts. Curious to see how a grand coalition would work, if it happened.
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jaichind
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« Reply #695 on: July 13, 2015, 06:09:19 AM »

It is interesting how the Greeks now will get exactly opposite what they voted for in the referendum.  In the referendum they voted for

1) Reduction in austerity measures ->  Now there will be even harsher austerity measures
2) No to ND/PASOK coming back in in a national unity government -> Unless Sryiza holds together there may be no choice but for ND/PASOK to come back in
3) Vote of confidence for Tsipras -> Tsipras will most likely have to resign paving way for elections.  Not clear if Syriza would hold together and if so if Tsipras will even try to run for re-election

I guess they did get to stay in EUR.
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Antonio the Sixth
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« Reply #696 on: July 13, 2015, 06:11:12 AM »

All this is utterly disheartening.
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RogueBeaver
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« Reply #697 on: July 13, 2015, 06:44:47 AM »

Greek Parliament votes Wednesday, Bundestag Friday.
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Swedish Rainbow Capitalist Cheese
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« Reply #698 on: July 13, 2015, 06:58:04 AM »

You should all read this article. It's the greatest in-look I've gotten on the Tsipras' government and the negociation process.

The question I have though, if Tsipras was not going to go for Varoufakis plan, Whyred did he call the referendum?
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RogueBeaver
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« Reply #699 on: July 13, 2015, 07:27:20 AM »

Wow: Tsipras and Merkel had reached a deadlock and said Grexit was the only option. Tusk said "sorry, but there is no way you are leaving this room." FT, via Guardian.
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