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Greece Vote
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<blockquote data-quote="GTNavyNuke" data-source="post: 159019" data-attributes="member: 322"><p>Wow, 62% so far voting no. That will really help the Greeks negotiate if there is a negotiation to be had. "<em>With 85 percent of votes counted, 62 percent of voters backed Prime Minister Alexis Tsipras and his Coalition of the Radical Left, or Syriza, by voting “no” to the latest proposals for spending cuts and tax increases. Thirty-eight percent voted “yes,” less than opinion polls predicted, according to results from the Interior Ministry.</em>" <a href="http://www.bloomberg.com/news/articles/2015-07-05/tsipras-turns-tables-on-europe-in-austerity-referendum-triumph" target="_blank">http://www.bloomberg.com/news/articles/2015-07-05/tsipras-turns-tables-on-europe-in-austerity-referendum-triumph</a></p><p></p><p>Now the EU (er, really Germany <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite12" alt="o_O" title="Er... what? o_O" loading="lazy" data-shortname="o_O" /> but I'll be politically correct) has to decide whether to let Greece go, with the geopolitical instability on the southern flank or buy them off bail out by bail out. I think they have to let them go; they aren't stupid and won't throw good money after bad. They tried to stay at 100% payback and will get a lot less. </p><p></p><p>And here's the real motivator: "<em>The question is whether leaders can negotiate with a government that has rejected their conditions for staying in the 19-member currency union, after forcing Portugal and Ireland to follow through on similar measures and complete bailout programs."</em></p><p><em></em></p><p>Although this is a really interesting drama, there are going to be a lot of people forced to take losses. As usual, those with money and power will force most of the losses on those who don't have the power. Just the way it is. And sad.</p></blockquote><p></p>
[QUOTE="GTNavyNuke, post: 159019, member: 322"] Wow, 62% so far voting no. That will really help the Greeks negotiate if there is a negotiation to be had. "[I]With 85 percent of votes counted, 62 percent of voters backed Prime Minister Alexis Tsipras and his Coalition of the Radical Left, or Syriza, by voting “no” to the latest proposals for spending cuts and tax increases. Thirty-eight percent voted “yes,” less than opinion polls predicted, according to results from the Interior Ministry.[/I]" [URL]http://www.bloomberg.com/news/articles/2015-07-05/tsipras-turns-tables-on-europe-in-austerity-referendum-triumph[/URL] Now the EU (er, really Germany o_O but I'll be politically correct) has to decide whether to let Greece go, with the geopolitical instability on the southern flank or buy them off bail out by bail out. I think they have to let them go; they aren't stupid and won't throw good money after bad. They tried to stay at 100% payback and will get a lot less. And here's the real motivator: "[I]The question is whether leaders can negotiate with a government that has rejected their conditions for staying in the 19-member currency union, after forcing Portugal and Ireland to follow through on similar measures and complete bailout programs." [/I] Although this is a really interesting drama, there are going to be a lot of people forced to take losses. As usual, those with money and power will force most of the losses on those who don't have the power. Just the way it is. And sad. [/QUOTE]
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