Posted on 07/05/2015 12:53:32 PM PDT by Lurch Addams
Greek referendum results live: No vote to eurozone bail-out deal leads by 60 per cent.
After 20pc of the vote is counted, Greeks look to have voted 'No' with a 60pc majority against Europe's bail-out conditions
(Excerpt) Read more at telegraph.co.uk ...
not familiar with that. grexico? greexico? meaning == cheap wine, and cheaper uummmm tacos?
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They’re going to have to export more lemonchello.
Someone please explain to me why ANYONE would now step forward to lend Greece money knowing that they only intend to pay a fraction of it back.
It’s not like that.
Greece wants to refinance- make a hundred monthly payments of $110 bazillion instead of 50 monthly payments of $200 bazillion.
So there’s money to be made- as long as the game can be kept going.
I hope this is NOT) true.
there was never any way to avoid them needing more and more loans. It was apparent in 2011. Europe, the EU, Merkel, The IMF, everyone knew. All they did was,as correctly termed back then, was to kick the can down the road.
Doesn’t look like it will even be close:
” With close to 80 per cent of votes counted, No stands at 62pc, Yes on 38pc “
Now we will see if Merkel will capitulate.
Yes, but in 2011 they needed to kick the can down the road. They may not need to now.
So it’s official now...they will get no more loans...they really have run out of Other People’s Money to spend.
This is chaotic short term but bullish long. Greece never qualified to be in the EU. It means less money from people that earned it flushed down the Greek cesspool of corruption. I think it won’t take markets very long to adjust to that fact. The money going into Greece was always going to outweigh what was going in. it’s that simple.
Despite the fact of your statement is unquestioned, thats exactly what the EU was prepared to do.They would lend them 50 billion Euro’s so they could keep paying bills. And then again and then again. It was as we like to say here, a transfer of wealth.
Just as we are doing, our time will come.
Do you want your property seized to pay off our government's trillions in debt when it finally reaches the mathematical certainty of being unpayable?
I'm wary of holding the average Greek citizen accountable for the actions of the political elite in such a fashion.
Read this article and get back to me.
http://www.freerepublic.com/focus/f-news/3307580/posts
PS. They had it coming on a number of counts.
Throw Greece out of the EU and leave the Greeks to their own devices.
I am shocked that they chose the way they did.
Just like people rationalize (or fail to rationalize) their vote choice here in the ussa since this bubble up and rainbow stew president started his dish out campaign.
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