Greek Referendum on IMF/Troika deal

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S*** is about to go down.

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The EU is definitely not the US. This is what happens in the US. We subsidize Mississippi year after year. The EU doesn't subsidize Greece.  But somehow, I think a lot of Greece bashers are fine with subsidizing Mississippi.

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http://www.vox.com/2015/6/29/8863313/theres-a-simple-solution-to-greeces-problems-but-europe-wont-try-it

Well, the EU is a confederation (of sorts) of sovereign states and not a federation, so there is no obligation to subsidize failed states.

Ironically Mississippi and Alabama would be bankrupt if the US was a confederacy.

Well, the U.S. tried the confederation route early on in its history. The Article of Confederation ended up failing (though for different reasons than what's plaguing the EU now).  

Its possible that Confederations simply aren't a feasible form of government.

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Looks like this is backfiring horribly on Tsipras.

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Given the chaotic and changing nature of the situation, I don't think we'll have a good idea how this will turn out until the day of the referendum.

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With 10% in, no's now at 60%, and leading literally everywhere.

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Well its safe to say that 'No' is going to win, the only question is by how much?

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Tsipras spoke to Putin. They discussed bilateral cooperation, Putin expressed sympathy for the Greek people.

If grexit does happen, then Russia will have the perfect opportunity to capitalize on it. 

No one in the west wants Greece to fall under Russia's influence, and this meeting might partially be a ploy by Tsipras to show the immediate danger of this happening if Greece is ejected from the Euro.

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Tsipras spoke to Putin. They discussed bilateral cooperation, Putin expressed sympathy for the Greek people.

If grexit does happen, then Russia will have the perfect opportunity to capitalize on it. 

No one in the west wants Greece to fall under Russia's influence, and this meeting might partially be a ploy by Tsipras to show the immediate danger of this happening if Greece is ejected from the Euro.

Why not? It would have an extra benefit of hastening the Russian collapse.

?

[Mehmentum]

Tsipras spoke to Putin. They discussed bilateral cooperation, Putin expressed sympathy for the Greek people.

If grexit does happen, then Russia will have the perfect opportunity to capitalize on it. 

No one in the west wants Greece to fall under Russia's influence, and this meeting might partially be a ploy by Tsipras to show the immediate danger of this happening if Greece is ejected from the Euro.

Why not? It would have an extra benefit of hastening the Russian collapse.

?

It will severely deplete Russian reserves.

Russia doesn't need to bail Greece out.  The collapse of the Greek economy (well, what's left of it) and ejection from the EU would be the perfect environment for Russia to gain influence in.