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Greece referendum: Early results show 'No' vote ahead - BBC News
At the moment, 8:10pm CET, it looks as if Greece has said 'no' to the Troika's position on austerity.
Tsipras says he wants to return to the negotiating table immediately. Let's see if the Troika respond by pulling the plug in revenge, or whether they will show that they are serious about keeping the Eurozone together.
I think the ball's now in Brussels/Berlin's court.So, what happens now?
Whoa!
I had a gut feeling they were going to secede.
This is going to be hella' interesting to watch!
Early results suggested the No camp had won Sunday’s highly divisive referendum in Greece over the terms of its international bailout, a vote which creditors deemed an in-out choice on euro membership.
With a third of the vote counted, the No camp was solidly ahead on 61 per cent and was ahead in every region of the country, leading experts to predict victory for Greek prime minister Alexis Tsipras.
Interesting - the news has been billing this as an (eventual) 'leaving the EU'.They're not going to withdraw, not from the Eurozone - although they can be ejected - nor from the EU, from which they cannot be ejected.
Interesting - the news has been billing this as an (eventual) 'leaving the EU'.
Interesting - the news has been billing this as an (eventual) 'leaving the EU'.
Interesting - the news has been billing this as an (eventual) 'leaving the EU'.
So, what happens now?
Somebody please correct me, but for all the world it looks to me as if the situation remains exactly the same as it was last week. The Greeks will not accept the package that they wouldn't accept last week without a public referendum.
Somebody please correct me, but for all the world it looks to me as if the situation remains exactly the same as it was last week. The Greeks will not accept the package that they wouldn't accept last week without a public referendum.
Correct, nothing has changed. Maybe they proceed with the letter of near capitulation sent by Tsipras early last week. I doubt we'll see a referendum on that.[/QUOTE
Greetings, Ben K. :2wave:
Perhaps I'm reading this "no" vote incorrectly, but it doesn't look as if Greece capitulated at all. They just don't have the money to pay their bill without borrowing more from the same people they owe. Weird! If talks do begin anew, we'll soon know what the final terms are.
Correct, nothing has changed. Maybe they proceed with the letter of near capitulation sent by Tsipras early last week. I doubt we'll see a referendum on that.
There's no way Tsipras is going to return to that position. The Troika rejected it, and the Greek people have rejected the idea of capitulating to unreasonable creditor conditions.
I think everyone, on both sides, recognise that the Tsipras letter was a mistake. The referendum result shows that the Greeks are not going to accept further austerity-based solutions.
Ouch!Whoa!
I had a gut feeling they were going to secede.
This is going to be hella' interesting to watch!
The Greek government wouldn't accept it last week, hence the referendum. The Greek people have now positively rejected it. The ball is now in the creditors' court. Are they going to withdraw all emergency support and force the Greeks out of the eurozone? Or are they going to negotiate a realistic and much improved offer which includes debt relief.
The head of the German central bank has warned the German government that Grexit would cost the German economy tens of billions of Euros. They have created an emergency fund to cover that eventuality, but it only contains €14 billion, a fraction of what would be needed to avoid serious consequences for the German economy.
Here's an even stronger warning.
Those scenarios make the obvious point that forcing a Grexit would cost the rest of the Eurozone far, far more than it would have to commit by restructuring the Greek debt.
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