Greek Referendum Polls Close: "No" Seen Ahead By Most With Over 51% Of The Vote

Zero hedge ^ | 07.05.15

[Perdogg]

At 7pm local time the Referendum polls closed. Here is what the early exit polls predict:

A poll by GPO on Mega TV gave 51.5% in favor of “no” and 48.5% in for “yes” Metron Analysis on Antenna TV showed “no” leading with 49% vs 46% for “yes” MRB on Star TV showed “no” leading with 49%-54% vs 46%-51% for “yes” Marc opinion poll for Alpha TV shows “no” ahead with 49.5%-54.5% vs 45.5%-50.5%

[Jack Hydrazine]

Greece has been a failed socialist country for how long now? Some 60 years? The Greeks just keep feeding at the welfare trough that the rest of Europe pays for and the Euromorons keep expecting Greece to pay it back. LOL! I’m not sure who is the bigger idiot in this story.

[Maine Mariner]

They will compromise with the debt holders means-lend us
more money or we won’t pay you back.

Implied: if you lend us more money we still won’t pay you back.

[masadaman]

Exactly. Additionally, Goldman effectively did it using US taxpayer money, for without Paulson’s bailout/takeover of AIG to save Goldman in 2008, there would be no Goldman.

[bert]

I would argue that Greece should not have been part of the unified Europe/Euro from the beginning.

Taken as a whole, the Greeks lack all that is required to be a modern nation.

Could Nigeria or Zambia exist as part of Europe? Syria? no of course not

[Jack Hydrazine]

Trillion-Dollar Asset Managers Warn On Greece Fallout: “No Blueprint” Means “All Kinds Of Uncertainty”
http://www.zerohedge.com/news/2015-07-05/trillion-dollar-asset-managers-warn-greece-fallout-no-blueprint-means-all-kinds-unce

Europarliament President Threatens Greeks With Armageddon If They Vote No
http://www.zerohedge.com/news/2015-07-05/europarliament-president-threatens-greeks-armageddon-if-they-vote-no

[quantumman]

The World Bank/IMF are extremely corrupt institutions. If I were Greek I would have told the IMF to pound sand and take offers from the Russians (also broke so the blind leading the lame) and the Chinese. The Chinese have $US trillion in foreign exchange they need to recycle.

[tflabo]

Let’s make a deal with Greece. We pay off their debts but they have to take in all our illegals and any hack leftists for free in return. We come out way ahead in the longterm.
O-Paaaa.

[citizen]

Greece’s problems/debts are their own fault, first and foremost. But they had plenty of coddlers along the way.
Tis Europe’s fault for inviting this unskilled laborer into their home where a work ethic earning skilled wages are necessary to pay room and board.

[Mariner]

"A “No” vote means that they want to keep their bloated government, unsustainable pension plans, and tell the banks that they will never see a penny of their money back if they loan the Greeks more."

Nobody knows what will happen, for sure, with the No vote.

Except one thing: It will give Greece a chance to start over free and clear.

Whatever happens after that is up to the Greeks.

[tflabo]

Gives new meaning to an old cliche, ‘they Greece’d the skids’....

[Starboard]

It will be interesting to watch Spain, Italy and Portugal and what happens to their bond rates in the wake of this vote. Who wants to lend money to EU peripheral countries that are economically weak and could eventually follow the path of Greece?

[Maine Mariner]

That is a deal made in Olympus (or Heaven)!

[Starboard]

Whatever happens after that is up to the Greeks.

***************
They prefer to live in a café society and are not exactly the most industrious people in Europe. Their prospects don’t look very good.

[Starboard]

You’re probably right. This is just a vote. Talks will continue like nothing happened.

[citizen]

For my part, that’s a good deal! Plus, the Greeks get olive orchard laborers in the bargain :)

[kenmcg]

Give Greece no more money. Let their socialist masters figure it out. As Maggie Thatcher once proclaimed socialism is great until you run out of other people’s money.

[Koracan]

Anyone know what a “yes” vote means, as opposed to a “no” vote?

Greeks love Food

YES Vote
overwhelming YES Vote (german sausage included)


NO Vote

[citizen]

Who wants to lend money to EU peripheral countries that are economically weak and could eventually follow the path of Greece?

I suppose the same banks or individuals who loaned to Greece in the first place. Those with too much money in search of pie-in-the-sky returns in a deflationary world.

[WriteOn]

It was all political drama for the benefit of the troika.

[BunnySlippers]

Wow, no wonder Merkel has been so vocal.