Road to a Grecian turn?
Jul 6th 2015, 5:51 am
#677
Dunroaming back in UK
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Re: Road to a Grecian turn?
Wow I heard Tipsy just sacked Varoufakis as he now wants to negotiate in a grown up fashion as time is running out. Some massive progress in the chance of a settlement after all the posturing.
Jul 6th 2015, 6:00 am
#678
Truth is the safest lie.
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Re: Road to a Grecian turn?
"1. Dear Eurozone citizens, we are in default on our IMF payment [and probably ECB payment by the time a referendum has been put forward] and we need more money on highly concessional interest terms. We would also like a haircut on our existing debt. We would like to borrow this on our own terms.
...So basically free money to spend as we see fit. Would you be willing to pay increased taxation across the Eurozone to fund our proposition?
2. We also need more cash to keep the cash machines dispensing, would you be willing to continue to swap Greek 'equity' for cash so banks can keep dispensing?"
Taunting the eurozone members with allegations of being undemocratic of financial terrorists in their position. The very last thing Greece needs is for ordinary europeans to have a say in a bailout package.
Jul 6th 2015, 6:08 am
#679
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Jul 6th 2015, 7:41 am
#680
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Re: Road to a Grecian turn?
Varoufakis, a man of Honour, the Spanish and Italian media are saying he resigned for the common good...... How many days until a deal is struck? B.O. will be coming on strong with the current climate. Murky is going to France, everyone else is going to Belgium. Renzi has a class with his Prof. Vlad la Puta is waiting in the wings with some big tubes..... dosh nah! But ................how will it rollout?
Jul 6th 2015, 8:59 am
#682
EU hoo
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Re: Road to a Grecian turn?
The mild-mannered, Oxford educated Euclid Tsakalotos set to replace Charybdis, who's work is done.
Syriza will be hoping the emollient approach works, but difficult to see how the Troika can turn the taps back on without significant conditions attached. After all, there are other EU debtor nations watching closely.
Syriza will be hoping the emollient approach works, but difficult to see how the Troika can turn the taps back on without significant conditions attached. After all, there are other EU debtor nations watching closely.
Jul 6th 2015, 9:01 am
#683
Hostage Negotiator
Joined: Jun 2013
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Re: Road to a Grecian turn?
The EU are going to be very tough on Greece and they don't mind how long it takes. They will have real trouble getting another deal past their respective governments unless there are verifiable reforms taking place alongside future financing.
Personally, I still think it is unlikely there will be a deal because the two sides are further part than ever.
Jul 6th 2015, 11:02 am
#684
Truth is the safest lie.
Joined: Jul 2008
Location: @ the beach.
Posts: 7,243
Re: Road to a Grecian turn?
PM Tsipras is "now in a race against time to stop an all-out collapse of Greek banks".
The door remains open for bailout talks with Greece, following the No vote, but they cannot start yet, German Chancellor Angela Merkel's spokesman says. "In light of the decision by the Greek citizens, the conditions to start negotiations on a new aid programme are not met yet", Steffen Seibert said.
. This week...next month...
Jul 6th 2015, 3:02 pm
#685
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Re: Road to a Grecian turn?
Can you imagine a referendum on a Greek pitch?
"1. Dear Eurozone citizens, we are in default on our IMF payment [and probably ECB payment by the time a referendum has been put forward] and we need more money on highly concessional interest terms. We would also like a haircut on our existing debt. We would like to borrow this on our own terms.
...So basically free money to spend as we see fit. Would you be willing to pay increased taxation across the Eurozone to fund our proposition?
2. We also need more cash to keep the cash machines dispensing, would you be willing to continue to swap Greek 'equity' for cash so banks can keep dispensing?"
Taunting the eurozone members with allegations of being undemocratic of financial terrorists in their position. The very last thing Greece needs is for ordinary europeans to have a say in a bailout package.
"1. Dear Eurozone citizens, we are in default on our IMF payment [and probably ECB payment by the time a referendum has been put forward] and we need more money on highly concessional interest terms. We would also like a haircut on our existing debt. We would like to borrow this on our own terms.
...So basically free money to spend as we see fit. Would you be willing to pay increased taxation across the Eurozone to fund our proposition?
2. We also need more cash to keep the cash machines dispensing, would you be willing to continue to swap Greek 'equity' for cash so banks can keep dispensing?"
Taunting the eurozone members with allegations of being undemocratic of financial terrorists in their position. The very last thing Greece needs is for ordinary europeans to have a say in a bailout package.
Jul 6th 2015, 8:45 pm
#686
Dunroaming back in UK
Joined: Mar 2012
Location: Expat in Yorkshire now
Posts: 11,298
Re: Road to a Grecian turn?
I think it was was a pre-condition by the European Finance Ministers for any new discussions to take place.
The EU are going to be very tough on Greece and they don't mind how long it takes. They will have real trouble getting another deal past their respective governments unless there are verifiable reforms taking place alongside future financing.
Personally, I still think it is unlikely there will be a deal because the two sides are further part than ever.
The EU are going to be very tough on Greece and they don't mind how long it takes. They will have real trouble getting another deal past their respective governments unless there are verifiable reforms taking place alongside future financing.
Personally, I still think it is unlikely there will be a deal because the two sides are further part than ever.
Jul 6th 2015, 9:34 pm
#687
Banned
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Location: Mallorca
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Re: Road to a Grecian turn?
Gotta get some cash somewhere. Vlad's conditions arent likely to be much more attractive. Probably involves both Russian seaports and the possibility of becoming a Russian state. After all the language is similar - a key argument in he Ukrainian debate. Neither of which are consistent with the dream of the "peoples republic of Greece".
Last edited by amideislas; Jul 6th 2015 at 9:38 pm.
Jul 6th 2015, 11:06 pm
#688
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Re: Road to a Grecian turn?
But BO. will pressure all involved inc IMF to ensure that will never happen. Pipelines would be the limit I reckon, no setting up a GR island as a sort of Med Goldfinger refuelling/Sub base. Another Cuba !!!!!!!
Jul 7th 2015, 6:32 am
#689
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Re: Road to a Grecian turn?
One of the other moves Tsipras made was to get most of the other political parties behind him in a statement to the creditors - quite a feat given that they had agitated for a Yes vote in the referendum. It seems he will be involving them in discussions in Greece in future.
I notice a significant change in the attitude outside Greece, with more support for making concessions - Renzi's remarks on Sunday and yesterday, Spanish FinMin de Guindos seems to have softened up considerably, Hollande more for a quick settlement.
Jul 7th 2015, 6:54 am
#690
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Re: Road to a Grecian turn?
Renzi was anything but soft on state TV on Sunday. Yesterday he was a bit more condescending but still lying through his teeth. The latest on the Italian public debt this morning is that it has risen to a whopping 156% of PIL. a 14% increase.
Paduan is still insisting that the PD's reforms are working............................and Merkel is looking through the eyes of love believing every word that Matteo utters.
Paduan is still insisting that the PD's reforms are working............................and Merkel is looking through the eyes of love believing every word that Matteo utters.
Last edited by Maybe1day; Jul 7th 2015 at 6:57 am.