Posted on 07/05/2015 4:03:51 AM PDT by Libloather
What was the question again? Greek voters confused by baffling 74-word referendum conundrum that demands a simple 'yes' or 'no' to decide country's future
Greek voters who are facing a momentous vote tomorrow which may determine the country's future in Europe are confused by the baffling wording on the ballot paper.
Nearly 10 million Greek voters will take to the ballot booths on Sunday to vote 'Yes' or 'No' in a referendum asking if they accept more austerity measures in return for bailout funds.
But many are baffled by the strange wording of the 74-word question, which asks: 'Should the deal draft that was put forward by the European Commission, the European Central Bank and the International Monetary Fund in the Eurogroup of June 25, 2015, and consists of two parts, that together form a unified proposal, be accepted? The first document is titled 'Reforms for the Completion of the Current Programme and Beyond' and the second 'Preliminary Debt Sustainability Analysis.''
(Excerpt) Read more at dailymail.co.uk ...
'Without new money, salaries won't be paid, the health system will stop functioning, the power network and public transport will break down, and they won't be able to import vital goods because no one can pay,' he said.
And with a “yes” vote they get more loans that benefit the bankers and will cause them to lose a portion of their pensions and savings? More loans when they can’t pay the ones we already have?
Congress doesn’t read things before voting on them so why should the Greek electorate?
The NO check box is at the top, above the yes box even though the key word is accept. Tilted? Guess they listed the options alphabetical to be fair/
....yes means no, no means yes, up means down, down means up....damn, you’d think these Greeks were watching us or something....
Politician’s word these initiatives the way they want them to turn out. Case in point. In the state of Arkansas during last election (2014) there was a ballot initiative (Constitutional amendment) that was many pages long. I think it was about six. Mostly legal BS as you can imagine. The average person doesn’t read several pages but the title was Term Limits. Everybody likes term limits right? Well AR already has term limits but this bill was written to extend the limits. Of course the majority voted Yes!
They should’ve had it just say “damned if you do “ or “damned if you don’t .”
They aren’t losing their pensions and savings, nor are they getting a haircut (as many article like to say). Their government is robbing their pensions and savings. The person who spent a lifetime saving 100,000 euros might get to keep 8,000 if they were stupid enough to keep it in a bank. How nice is that?
Oh. If anyone thinks this same trick won’t be tried everywhere else when governments run out of cash, don’t kid yourselves. Our 401Ks, for example, are mighty tasty to a government in search of plunder.
Banks already are involved with the scheme. They've been strong-arming seniors into annuities to survive, with interest rates near-zero on savings. The banks make a profit selling the thing and the principal is gone when the retirees die.
Another scheme is the reverse mortgage. It has very large closing costs, and the amount that can be taken out isn't 100% of equity. What one takes out accrues interest, so it isn't long before all equity is eaten up.
It wouldn't be such a great step for the feds to decree that all fed-approved retirement savings plans were transferred to annuities from the federal government. POOF!! The feds own your savings.
It's all Greek to me...
Regards,
GtG
“You have to vote on the referendum to find out what’s in the referendum.”
Ostracism At Athens
http://www.csun.edu/~hcfll004/ostracis.html
It is worse than that. The question is in Greek, not English.
News flash: Both individuals and countries can borrow to the point where they will never be able to pay it back.
Liberals are just pissed the Greeks are not voting FOR this bailout. They say the same thing here in the US when we don’t vote for their crap: “These stupid people don’t understand what we are presenting them!”
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