Greek Referendum on IMF/Troika deal

[Simfan34]

The Eurogroup has just announced that GREXIT will happen Tuesday night.

They are now debating about how to secure the rest of the Eurozone while Greece has already left the talks.

I don't see this anywhere.

Maybe the government can make the payment if they start raiding banks' holdings in de-facto levies.

[Simfan34]

Yes might pull through after the provisional ballots are counted.

Have you looked at the actual results? Or are you suggesting they are refusing to count the "yes" votes?

Perhaps.

[Simfan34]

Slovenian newspaper:

Delicious. Absolutely delicious.

Imagine if every time the an American state ended up in economic trouble, all 50 governors had to get together and hash out a solution. This is a farce.

Europe is not a country, you see.

[Simfan34]

Surely there is no more position? It is all over, yes?

[Simfan34]

Gabriel - no haircut. Looks like Tsakalatos will be the new finance minister.

But he wears a tie!

Fun fact for people arguing Greece should cut it's military spending because 2% of GDP is too high: that 2% is actually the minimum acceptable spending level per the terms of their NATO membership treaty

This is absolutely correct. If Greece is spending 2% there is not much more they can cut.

[Simfan34]

Fun fact for people arguing Greece should cut it's military spending because 2% of GDP is too high: that 2% is actually the minimum acceptable spending level per the terms of their NATO membership treaty

Yeah, but aside from the U.S. and UK, Greece is like the only country that takes that damn mandatory spending seriously. Seems a bit weird to tie itself in knots over the magic 2% when completely stable countries like Canada flaunt it as a matter of course.

The disturbing future that Tsipras doesn't want for Greece is to look like Serbia: insular, nationalistic and angry.

Of course, they are the ones in the right here. The US is forced to take spending seriously because the rest of them don't. And some people have the nerve to suggest we should bail the Greeks out!

[Simfan34]

Even going from 4% to 3.5% would be an improvement.

[Simfan34]

He resigned because game theory people.

That's what his statement seemed to imply. Of course it's nonsense, but it's certainly a nice change from the "spend more time with my family" your people are so fond of employing.

I don't actually see the point in firing him, personally. To me it appears painfully clear that it is all over now, and that everyone is playing along with some pointless charade where all sides apparently pretend (or have deluded themselves into thinking) that some kind of agreement is possible.

The Greeks ought to spend every available minute working towards the reintroduction of the drachma. The Europeans ought to spend their time preparing for Grexit. Apparently, however, they all seem to be seeing something I don't.

Varoufakis will, of course, be all right. He'll sell a lot more copies of his book, write another, probably try to challenge Piketty for the title of "Most talked-about leftwing economist", get a column in some paper- the Times, perhaps, go on the conference circuit, and end up with a cushy visiting professorship somewhere. None of which, of course, will pay in drachmae. Probably won't do too many paid talks, though- neither the left-wing nor the iconoclastic thing to do.

[Simfan34]

I'm surprised that pensioners-- particularly public sector pensioners-- would have swung towards "yes", never mind that much more than the general population! They would seem to have been the ones worse affected by the Eurogroup agreement.

Perhaps the capital controls did it for them. At least, they were so adversely affected by the 60€ cap that it had to be raised to 120€ for them. One can imagine it has been least pleasant for those living off of savings.

[Simfan34]

I want to see Merkel et al go ahead and try to kick Greece out of the Eurozone... only for the European courts to overrule it for violating their treaties with Greece

She should retaliate by haphazardly organizing a counter-referendum convolutedly asking the people of the Eurozone whether or not they want Greece to remain a member, ideally tying it to another bailout.

And Antonio, what about their masterful application of GAME THEORY?

[Simfan34]

And Antonio, what about their masterful application of GAME THEORY?

Where does this meme come from anyway?

Varoufakis' field of expertise. I know Bacon King has mentioned it a lot.

[Simfan34]

What's up with the British and French?

[Simfan34]

And there you go, Germans officially dropped the mask. They never wanted to find a mutually acceptable compromise to keep Greece in the Eurozone. All they wanted is an excuse to kick it out. Whatever Tsipras could have done, it wouldn't have changed their position.

Some countries never learn the lessons from their own history.

Germans or the Finns?