GREECE THREAD: BREAKING: EURO AREA FINANCE MINISTERS SAID TO MULL EU8.5B GREEK TRANCHE!!!p.865

he is from syriza?

[link to twitter.com (secure)]

Alexis Tsipras and his party, Syriza, can talk all they want about ending austerity, but they simply can’t do it without their own currency.

When all the cheering and celebration dies down Greece will be left with a choice: they can move forward on the path to self determination, sovereignty and dignity, but only if they bring back the drachma.

Or, they can stick with the euro and naively believe they will be able to end austerity, rehire fired public workers, raise salaries and do all those other things that they promised to do, but can’t.

This is the classic problem of the modern day left wing. They talk big about all these progressive ideals–help the middle class, workers, safety nets, education, etc, but they simply don’t understand or, don’t buy into the economics necessary to do these things.

follow him. he will be the financial minister of the new gov

Greek people will suffer way more now .. I dont give more then a year until this coalition collaps .

The continuous borrowing of money and the austerity measures dont help at all as our debt grows, there is no economic grow and both the country and the people become poorer. So they will propose another way of dealing with all these. Then we will see what they can do.

Last Edited by Ostria1 on 01/26/2015 12:18 PM

Somewhere in ECB rules there must be something about the ECB being able to dissolve or restructure the component central banks/subsidiaries...which is what will happen ?

exactly what I am saying, keep dreaming, this experiment will fail and even more neoliberal fascism will follow everywhere, because look what happened in Greece, that's what you get from the left wingers

Podemos is Spain understood that they cannot do what they want in euro famework, at least so they wrote in their economic manifesto.

Right now I am still hoping that this is a bluff from Syriza to get elected and really they will abandon euro.

MineForNothing @minefornothing · 40 min Há 40 minutos
Greek Bonds Drop With Stocks as Syriza Win Risks EU Fight [link to bloom.bg]

Wait until the Greeks finally realize their country is useless & there are not enough jobs in diners for them when they sneak into the USA. All hell will break loose.

"No debt forgiveness for Greece, say eurozone finance bosses"

[link to www.telegraph.co.uk]

MineForNothing @minefornothing · 47 seg Há 47 segundos
Survation poll shows UKIP taking 24.8% of the popular vote across England

MineForNothing @minefornothing · 5 min Há 5 minutos
Survation Poll shows UKIP now leading in the Midlands
UKIP 35.6%
CON 34.5%
LAB 26.4%
LIB DEM 3.0%
GREENS 0% (!)

Hoooly shit.

Perhaps Greece should only suspend its EFSF debt or the French debt...or vice versa.

this is huge

This alone is enough for the EU to "punish" them as well...Greece does not even have to default or threaten to leave.

That is why Syriza’s strategy is mutually inconsistent. Even a debt jubilee – the current favourite of the progressives, which warms their hearts so they can convince themselves that they are different from the neo-liberals will not solve the problem. Repeat: a massive fiscal boost is required, which means deficits above 10 per cent of GDP for many years forward. Repeat: that can only be accomplished within the current political reality if Greece leaves the Eurozone. It should have done that in 2008. It should never have joined. It should do it next week.

From what i gather i assume they will work within the current framework as long as possible...if that means days years months who knows...i earlier commented on pushing the envelope on the ECB charter if possible until there are repurcussions from the EU itself.

As i see it, the QE actions by the ECB actually strenghten the hand of Greece since they were puropsely excluded from it. If that isn't unfair or crooked, well then the ECB isn't promoting fiscal conservatism anymore anyway.

They took their austerity medicine, but they don't get the monetization benefits everyone else gets ? I thought the European Union was about equality.

the question is which one of tsipras' conflicting policies does he hold more dear, becoming anti austerity or staying with the euro. we will soon find out i guess