Posted on 06/27/2015 4:53:17 PM PDT by dynachrome
The Greek parliament is in session on Saturday evening as lawmakers debate the country's EMU fate and vote on the referendum called by PM Alexis Tsipras just after midnight this morning.
TSIPRAS SAYS REFERENDUM WILL BE MOMENT OF TRUTH FOR CREDITORS TSIPRAS: GREEK PROPOSAL FOR SUSTAINABLE DEAL STILL ON TABLE TSIPRAS SAYS REFERENDUM NOT MEANT AS RUPTURE WITH EUROPE TSIPRAS SAYS GAME OF BAILOUT HAS COME TO AN END GREEK PARLIAMENT TO RESUME IN 10 MIN AHEAD OF REFERENDUM VOTE SAMARAS SAYS REFERENDUM DRAGS COUNTRY OUT OF EUROPE SAMARAS SAYS CREDITORS DISCUSSING PLAN B FOR GREECE STATE MINISTER PAPPAS SAYS GOVT STILL AIMING FOR AGREEMENT Parliament Speaker Zoe Konstantopoulou announces 10-min recess after opposition New Democracy lawmakers walk out of chamber in the middle of debate.
(Excerpt) Read more at zerohedge.com ...
https://youtu.be/NYAKHy5JffE
It’s in greek, so no idea what they are saying. Anyone translate?
Greek crisis: Parliament approves referendum, after bailout extension rejected — as it happened
http://www.theguardian.com/business/live/2015/jun/27/greek-crisis-mps-referendum-tsipras-eurogroup-ministers-live
Dramatic day sees Greek MPs vote to hold a referendum on its bailout terms, hours after Euro finance ministers refuse to extend its bailout, bringing default closer
1.02am BST20:02
The details of the vote are being checked, but it looks like a substantial majority in favour of referendum.
— Loukia Gyftopoulou (@loukia_g) June 27, 2015
Correction: 179 yes, 120 no
That’s because the extremist Golden Dawn lined up with MPs from the left-wing Syriza coalition, and the populist right-wingers of ANEL.
12.58am BST19:58
GREEK GOVERNMENT WINS REFERENDUM VOTE
A majority of Greek MPs have voted in favour of holding a referendum on its bailout terms on Sunday, 5th July.
Even though, as covered through the day, that bailout it set to expires in three day’s time.
Leftists always blame other people. Kick them out and hold them to their obligation.
It’s in greek, so no idea what they are saying. Anyone translate?
****************************************************************************************
I don’t know Greek either but the Greeks are apparently baffled why the rest of Europe can’t agree with the Greeks’ proposal to “we’ll make the €1.6bn to the IMF on June 30th if you just advance us another €6.8bn (or whatever the exact figure is) right now. After all, that type of proposal has been agreed to repeatedly for many years.
The unacceptable (to the Greeks) alternative is for the Greeks to live within their means (a foreign concept to them).
yes(nai) 178, no(oxi) 120.
Yawn.
Deadline is Friday!
Deadline is Monday!
Next payment is due on Wednesday and can not be extended!
Ministers are meeting as Tuesdays deadline nears!
Thursday is the deadline for Greece to make its payment!
Sunday is the day!
Anyone else getting a little tired of this BS?
Yes to referendum, I presume. Me, I think Greek default/grexit/new deal is already accounted for.
> Greece’s parliament has voted in favor of Prime Minister Alexis Tsipras’ motion to hold a referendum on the country’s creditor proposals for reforms in exchange for loans. Tsipras and his coalition government have urged people to vote against the deal, throwing into question the country’s financial future.
Greek Parliament Approves Referendum on Creditor Reforms
http://www.nytimes.com/aponline/2015/06/27/world/europe/ap-eu-greece-bailout-the-latest.html?_r=0
Euro officials bracing for possible Greek debt default
http://www.usatoday.com/story/money/markets/2015/06/27/greece-bailout-deal-referendum/29384431/
Both Greece and Spain are like this.
USA Kabuki Theater +10,000
We are looking at our future in 20 years.
I read elsewhere 1/3 of atm’s were dry.
drudge had articles saying the IMF and EU bankers were refusing to allow a national referendum to accept the deal. The apparently fear the public voting.
Of course none of this has anything to do with actually leaving the EU.
This is not about money this is about political power.
the question really is who wants to be next.
Germany wants to make an example to scare the other nations.
England (UK) wants the EU to fail.
Something about an Emu. Probably can't decide if they should roast it or fry it.
“not about money this is about political power.”
If you have the power, you can get the money
From the start new terms were constantly being added to the terms on Greece.
The issue now is not paying but HOW the payments will be collected. Pension cuts (see social security) and increasing taxes even higher. (see the power to tax is the power to destroy)
It also includes restrictions on exploiting their own natural resources.
Isn’t it like 4 in the morning over there?
Probably ( I am too lazy to google it).
“Anyone else getting a little tired of this BS?”
In other news, Franco is still dead, and Republicans are very close to getting to the bottom of the IRS scandal.
Well, if you owe a few thousand dollars and can’t pay it, you are in trouble.
If you owe a few billion dollars and can’t pay it, the lender is in trouble.
Yep. I suppose we could always offer to give our Chinese creditors Washington, DC, but the place might be a little too communist for their tastes...
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