Europe - The Official Thread

[Dotini]

Tsipras' position is also under fire if the people say no to his referendum. He can't stay if everything he has said and tried fails.

The fate of Tsipras barely matters. The fate of the entire EU project is under question and on the proverbial chopping block!

Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
All the king's horses and all the king's men
Couldn't put Humpty together again.

 

[Dennisch]

The fate of Tsipras barely matters. The fate of the entire EU project is under question and on the proverbial chopping block!

Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
All the king's horses and all the king's men
Couldn't put Humpty together again.

Mjeh. Losing Greece will stir it up a bit but having powerhouses like France and Germany going full steam, and even Italy getting back on track should suffice.

 

[Dotini]

Mjeh. Losing Greece will stir it up a bit but having powerhouses like France and Greece going full steam, and even Italy getting back on track should suffice.

Then it will be okay to cheer and eat popcorn when the show starts, 'cuz we know it has a happy ending?

The schadenfreude in me is getting revved up for a great experience!

 

[Dennisch]

Butter up!

 

[Liquid]

Mjeh. Losing Greece will stir it up a bit but having powerhouses like France and Greece going full steam, and even Italy getting back on track should suffice.

France and Germany?

 

[Dennisch]

France and Germany?

Craps. That needs editing!

Another edit!

I love it!

 

[Dennisch]

There you have it.

The banks in Greece will be closed on Monday. The last months the Greek people have withdrawn 10's of billions, putting the banks at risk of running out of money.

 

[KSaiyu]

Yup, they will be closed for a week until after the referendum.

http://www.theguardian.com/world/20...deepens-banks-close-a-week-weekend-shook-euro

 

[A2K78]

I like Ron Paul's take on what's happening in Greece and what would likely happen...

 

[Dennisch]

He says nothing new. Apart from blaming the 2 Pauls.

The giggly bit about Greece's retirement age was kinda funny.

 

[Dotini]

US stock market futures have opened down about 1.7% for tomorrow.

 

[Liquid]

The Athens stock market will also be closed tomorrow.

 

[Liquid]

Facebook Video

Former Belgian PM Guy Verhofstadt made a good speech a few days ago. Raises excellent and accurate points about how not enough has been done to fundamentally change the political landscape in Greece; that not enough has been done to tackle corruption and clientelism, that the public sector has swollen to too great a size and the private market has not been opened up enough. But people want to pickpocket pensions instead. This is the problem of Greek politicians and is having dire and adverse effects on the Greek people, whom they are supposed to be representing.

The thing which strikes me though, is how empty the chamber seems to be. Does anybody at the EU care? The day-to-day representatives, are they simply not bothered? Well, that's a sure fire way to a successful union, that's for sure.

 

[Dotini]

The thing which strikes me though, is how empty the chamber seems to be. Does anybody at the EU care? The day-to-day representatives, are they simply not bothered? Well, that's a sure fire way to a successful union, that's for sure.

Fantastic observation!
IMO the old, rich, white elite at the summit of the EU are so disconnected from the ugly trenches that they are blundering haplessly into a chaotic "senior moment" when their shimmering visions may well dissolve into acrid smoke.

 

[Dennisch]

*crack of a whip.

Juncker just went on a half hour rant against Greece. The EC are done with Greece. They will have to accept the current plan or face the consequences. There will be no prolonging of their payment term.

 

[Leonidae@MFT]

Let's just make Greece a Grand Duchy of Finland and apply our taxes there.

 

[Dennisch]

It will either become a new Russian oblast, a Chinese province, German state or it will be a poverty stricken New Greece.

Добро пожаловать!

欢迎!

Willkommen!

Or

Καλώς ήρθες!

Pick as you please.

 

[Liquid]

ΤΗε ΣουτΗ ωιλλ ΓιΣε αγαιΝ

South Europe, I mean.

 

[A2K78]

The EU financial bobo's are quite clear and open about what's going on. And their word is something you can trust, to some extent of course, they're still politicians.

The PIIS were able to look at Greece to see how not to do it, and acted accordingly.

Take Spain as example

It isn't great yet, but they are getting there.

It doesn't matter, the point is Japan, Argentina, Brazil, Italy, Spain, Greece and the others show the failure of the keynesian/socialist dichotomy. One thing for sure americans should take note because the false idea that governments can create prosperity out of thin air is coming to an end.

 

[Touring Mars]

Let's just make Greece a Grand Duchy of Finland and apply our taxes there.

Good luck with that 👍

I know the situation is dire for Greece, and not very good for the rest of Europe either, but I had to chuckle at some of the financial news headlines this morning...

"The Euro has hit its lowest point against the US Dollar in 5 weeks!"
"The DAX closed down 1.7%, it's lowest point since May!"
"Billions wiped off stocks in Australia in morning rout! Recovered slightly in afternoon"

 

[zzz_pt]

English with portuguese subtitles (that you can turn off)



http://www.theguardian.com/world/2015/jun/29/where-did-the-greek-bailout-money-go

 

[Robin]

It will either become a new Russian oblast, a Chinese province, German state or it will be a poverty stricken New Greece.

China could pay off the debt with some loose change and make it Special Administrative Region like Hong Kong, is there any national flower of Greece for the flag?

On a side note they seem to have sorted out the designs for the New Drachma, good looking money 👍

 

[Liquid]

As a numismaticist who used to live in Greece, I can agree and confirm that Greek money was always beautiful. And inflated.

Sadly I forgot to scan the reverse of these.

 

[Touring Mars]

Tsipras to the Greek people: Vote no to austerity! Reject the terms of the bailout!
Tsipras to the EU: Can we have more money now please?

 

[FoRiZon]

China could pay off the debt with some loose change and make it Special Administrative Region like Hong Kong, is there any national flower of Greece for the flag?

On a side note they seem to have sorted out the designs for the New Drachma, good looking money 👍

Thats the best money design ive ever seen.

Sadly coming out at a wrong time.

 

[Dennisch]

Tsipras to the Greek people: Vote no to austerity! Reject the terms of the bailout!
Tsipras to the EU: Can we have more money now please?

That dillhole and his minion Voldemort will bite the dust once this is settled.

Non of their election promises have gone through.

 

[zzz_pt]

Tsipras to the Greek people: Vote no to austerity! Reject the terms of the bailout!
Tsipras to the EU: Can we have more money now please?

or:

EU, Germany and IMF to Greece: You have to accept our conditions. Say yes or leave.

EU, Germany and IMF to the world: The Greek Gov doesn't want to negociate*. Let's hope they lose the decmocratic referendum and leave the govermnet so a new gov will do what we demand it to do (even though none of us was democratically elected).

*even if they're not invited for negotiations and meetings once in a while

 

[Jason115]

Aaaaand we're officially bankrupt... oh joy

 

[Touring Mars]

or:

EU, Germany and IMF to Greece: You have to accept our conditions. Say yes or leave.

EU, Germany and IMF to the world: The Greek Gov doesn't want to negociate*. Let's hope they lose the decmocratic referendum and leave the govermnet so a new gov will do what we demand it to do (even though none of us was democratically elected).

*even if they're not invited for negotiations and meetings once in a while

However these two statements are consistent with each other, while what Tsipras is saying are polar opposites.

 

[Dennisch]

Aaaaand we're officially bankrupt... oh joy

Not yet.

Athens still has 5,5 hours to pay the 1.5 billion to the IMF. They won't but they could.

And even after that deadline passes Greece isn't officially bankrupt. It's close and pretty much inevitable but all it takes is for Ren and Stimpy in the Old Royal Palace to say yes to the EU, EC and IMF to avoid bankruptcy.