Posted on 10/31/2011 2:05:55 PM PDT by ScaniaBoy
"The plan of initiatives calls for a confidence vote," Papandreou told his Socialist party lawmakers in parliament, moments after he had also announced a referendum would also be held on the EU deal.
"The command of the Greek people will bind us," he said.
(Excerpt) Read more at telegraph.co.uk ...
PM is a 3rd generation commie.
Good for the Greeks, that they actually will get to decide. To stay or not to stay in the euro will be the final question.
However, we have not heard any comments from Berlin, Paris, or Brussels. One wonders...
If it is a referendum, it is no deal for the Greeks. The Socialists, who control the government, have been taking a beating on the deal politically. Now they want to shift the responsibility to the electorate. Classic.
odds on whether anyone in Brussels, or even in Athens, gives a rat’s ass about what “the people” think?
Well, after subtle threats by the Commission, Ireland took another vote and extortionately voted yes.
All EU countries' electorates have voted themselves the sovereign treasuries until it caused the EU in the first place. The EU Commission can put a stop to the populist, socialist confiscations and bring some sanity to tyrannies of collectivist majorities.
yitbos
Yeah, right. The referendum on bailouts should be held in Germany, France, The Netherlands etc., NOT Greece!
But perhaps in the EU madhouse the beggars get to call the shots.
Whether you realize it or not, this is the biggest story of the day and will have a major impact tomorrow. The Greeks will vote to default period and then the chaos will begin in the financial markets. The only reason the Socialists announced the referendum is to buy time and avoid calling early elections. The EU deal is already starting to unravel.
The Eurolanders won’t give up on their dream of a United europe any time soon.
The euroleaders don’t care what the people think, never have. No matter who they elect they are the same people.
:)
Yes, I do realize it is a big story, but I was too busy (and tired) to hang it on breaking news etc. If people are interested they’ll find it.
Already today most of the “gains” seen in the markets after the big “deal” on Thursday disappeared, and that was before Papandreou’s bomb. We can only guess what is going to happen tomorrow.
Us sceptics warned the europhiles (or federasts as I usually call them) that a common currency would eventually kill the project. It looks like we were right, but unfortunately the demise of the euro will hurt both guilty and innocents.
No they cannot. First of all they do not want to unless it brings more power to Brussels. Secondly, in the end they will have to put troops on the ground to force the countries to obey. The EU does not yet have troops.
PS: The EU is "crony capitalism" squared. Definitely not a free market. Unfortunately your description of our national economies was not too far from the mark either. Bother!
You are quite right. The debtors are the ones who hold the cards.
Germany, France, the EU bureaucracy, the banks, all for different reasons do not want Greece, Ireland, or Portugal to leave the Eurozone and/or the EU. And so those countries have something to bargain with - their membership.
Other creditor nations like Finland, the Netherlands, Slovakia are in a different position. They probably won’t mind at all if Greece left the EU. They are in a much better negotiating position than Germany and France, but because they are too small, except on a few occsassions they don’t dare to push their agendas.
No they don't, but when an irresistible force meets an immovable object, something has to give.
How is the bankrupt welfare state weaned? In the past, it has always been through inflation (currency devaluation one way or another ), a silent tax even on the poor.
The EUrozone needs fiscal and political consolidation either to force inflation or force austerity.
Forced austerity has to be a second choice because of immediate reaction?
Fiscal and political integration has always been the goal of EU?.
yitbos
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