Moon of Alabama Brecht quote
July 05, 2015

Greece: Oxi Wins

Here are the first preliminary official result of the Greek referendum:

Counted votes 10%
YES 40,1%
NO 59,9%

Oxi ("no" in Greek) wins. The shameless blackmail and terrorism of the eurocrats failed.

Unfortunately they are unlikely to yet give on their neoliberal nonsense. But this vote sets an example for others and other referenda will follow. The European idea may still have some life in it.

Posted by b on July 5, 2015 at 01:36 PM | Permalink

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Hurrah for the Greeks and congrats to Tsipas/Varoufakis.

Encouraging that someone has finally said 'NO'.

Posted by: Jackrabbit | Jul 5, 2015 1:57:05 PM | 1

And the polls said it was too close to call! 60:40 would be clearly seen with a sample size of 100.

Posted by: ToivoS | Jul 5, 2015 1:57:49 PM | 2

Considering that the Eurocrats from Schulz to Juncker intervened in the Greek exercise of democracy by threatening Armageddon it will be very interesting to see how they respond. The most critical immediate decision will fall on the ECB. Will they restart emergency lending to Greek banks by adding to the existing Target2 liability - potential losses over and above the losses to be incurred on the loans outstanding? How will Merkel and Hollande explain to German and French citizens they will be on the hook for billions of euros in losses if the Greek finances are to be made sustainable through a significant haircut in Greek debt? What are the political implications in Spain, Italy and France? Will Podemos, Beppe Grillo and Marine Le Pen be able to capitalize?

Kudos to Syriza and Tsipras in taking the political risk to bring participatory democracy to the forefront in Europe to answer the increasing autocracy of the EU elites.

Posted by: Jack | Jul 5, 2015 2:20:23 PM | 3

Have the EU technocrats bullshitted their own country-proles enough to keep domestic the heat off themselves? It's hard to get off the shite virtual life; the pushers have a great advantage.

Posted by: Comrade X | Jul 5, 2015 2:28:05 PM | 4

Negri says the Greeks are at the front against the EU neo/ordoliberals but the Anglo-neoliberals are at war with the EU's. It's nothing like using Hitler against Russia; Syriza unite!

Posted by: Comrade X | Jul 5, 2015 2:38:18 PM | 5

Well…Is the state of polling this bad in Greece? Is it so difficult to reach people that this kind of result is just a lack of know-how -- or lack of resources to afford a decent sized sample?

Or is this yet another example of how even polling is so corrupted and used to support The Powers That Be that we're lied to about polling results?

Just more propaganda?


Posted by: jawbone | Jul 5, 2015 2:48:23 PM | 6

Fine, but just a rethorical question: Now lets have a vote in the rest of Europe to see if they want to keep using their taxes to bail out Greece... I suspect it'll be 100% - 0% to let Greece pay their own bills!

Sorry Greece, you borrowed it, pay it back....

Posted by: Wullf | Jul 5, 2015 3:03:20 PM | 7

Posted by: Jack | Jul 5, 2015 2:20:23 PM | 3

Currency traders are already on their desk and Asian markets will open in a few hours. If Draghi is interested in the stability of the Euro he will have to act fast.

Posted by: somebody | Jul 5, 2015 3:05:07 PM | 8

@7

You seem to be confused, W European taxpayers have no say how their taxes are spent and that is besides the point. Money is created by the ECB to pay taxes, among other things, and taxes are not collected to make money.

Posted by: Wayoutwest | Jul 5, 2015 3:10:56 PM | 9

@9

Stupid bullshitting wolfs, off the ball when the liability was transferred to the German taxpayer but now they are soo solicitous.

Posted by: Comrade X | Jul 5, 2015 3:19:51 PM | 10

@ 7,

While I sympathize with your frustration, the problem is the moral hazard created by the ECB and German government whereby private debt held by mostly German banks could be offloaded unto the backs of European taxpayers. Under those circumstances, why wouldn't banks lend money to an already heavily indebted country that had no hope of ever repaying it? Since the banks can unload their non-performing loans onto German citizens, while keeping profitable loans for themselves, that is what they did and what they will always do if you let them. Now if ever a German government offers a referendum on whether German taxpayers should pay for the banks' bad loans or whether the banks should eat those loans themselves, then of course you should vote for the latter. The fact that the German government will never offer such a choice is a problem the German people have to address themselves. Greece wont pay because it can't. The banks can pay if you force them to.

Posted by: Lysander | Jul 5, 2015 3:21:27 PM | 11

Half the votes have been counted
And it looks as if the Greek government has won the day with a projected 61% backing a 'No' vote.

What this means is not yet clear, but the Greek government says it has a clear mandate to negotiate a solution with the eurozone. The government wants to reopen the banks on Tuesday but without a deal that looks difficult.

German Chancellor Angela Merkel will travel to Paris for talks with France's President Francois Hollande on Monday evening. But a source has told Reuters there are no immediate plans for a eurozone meeting.

Posted by: okie farmer | Jul 5, 2015 3:21:44 PM | 12

Jack @3

From The Guardian, quoting Marine Le Pen:

“This ‘No’ from the Greek people must pave the way for a healthy new approach, European countries should take advantage of this event together around the negotiating table, take stock of the failure of the euro and austerity, and organise the dissolution of the single currency system, which is needed to get back to real growth, employment and debt reduction.”

Posted by: ab initio | Jul 5, 2015 3:25:45 PM | 13

Here is a Tweet from NYT reporter Niki Kitsantonis to relish:"Growing pressure on New Democracy leader, and exPM Antonis Samaras, to resign after failure of 'yes' campaign in #greferendum that he backed."

Posted by: Mike Maloney | Jul 5, 2015 3:26:35 PM | 14

OXI OXI OXI. Greece has shown some balls......

Posted by: notlurking | Jul 5, 2015 3:28:40 PM | 15

@11

You admit the German government won't allow Germans to vote against capitalist loss socialization. That's not a moral hazard, it's a business model.

Why, you won't admit, is that?

Posted by: Comrade X | Jul 5, 2015 3:31:38 PM | 16

Here we see why economic sanctions are not effective. Having full access to Western financial markets AND the benefit of advise from Goldman Sachs may ruin a country. Russia under sanctions AND deep drop in prices of their principal export is doing much better than Ukraine that was allowed to increase its debt by 20% of GNP in one year (perhaps half of that was simply the drop of GNP). But unlike Greece, until now Ukraine was never trusted enough to borrow insane amounts of money.

As far as Germany is concerned, it got one good gift to her citizens: the opportunity of cheap summer vacation in Euro zone. Turkish press report large drop in tourism, in part because Greek became cheaper.

Posted by: Piotr Berman | Jul 5, 2015 3:37:31 PM | 17

Absolutely amazing result.

Posted by: yellowsnapdragon | Jul 5, 2015 3:43:57 PM | 18

Euro is losing value fast. 0.9 just now.

Posted by: somebody | Jul 5, 2015 3:45:21 PM | 19

@17

Debt for suckers, sanctions for enemies.

Posted by: Comrade X | Jul 5, 2015 3:48:43 PM | 20

@19

Oh, boy! Hollywood can make more bullshit movies in Europe!

Posted by: Comrade X | Jul 5, 2015 3:51:01 PM | 21

"…lets have a vote in the rest of Europe to see if they want to keep using their taxes to bail out Greece…"

The net flow of funds is from Greece to Germany…which is Greece' main problem. How does one get from there to "using their taxes to bail out Greece".

Someone can't do simple arithmetic.

Posted by: paulmeli | Jul 5, 2015 3:57:28 PM | 22

Maybe even a bigger victory. I've seen up to 66/34.

Posted by: Laguerre | Jul 5, 2015 3:59:02 PM | 23

Maybe I was being over-optimistic - the Guardian has 61/38 with 65% counted.

Posted by: Laguerre | Jul 5, 2015 4:02:22 PM | 24

@22

Suckers always falling for the racist con. Better to be angry at Greeks than your own hegemonsters and stupid comprador selves.

Posted by: Comrade X | Jul 5, 2015 4:08:24 PM | 25

it's worse than that somebody:

EUR-USD


1.0996 -0.0118 -1.06%

Posted by: okie farmer | Jul 5, 2015 4:09:49 PM | 26

Very good news. Just have to wonder about how the message from the oligarch's media (which dominates the media landscape in Greece) got lost on so many Greeks voting against the propagandists. It is also an en question to what degree that many Greeks were learning about the "odious" and "illegal" debt imposed on them. And all this time I never believed that Syriiza would pull off this victory. I am happy to be wrong! Can't wait for the torrent of commentary to follow.

Posted by: bjmaclac | Jul 5, 2015 4:20:42 PM | 28

As of this writing:

83.69% reporting (votes counted)

61.79% OXI

38.46% NEI

=

But 5.77% of ballots are Invalid/Blank. That seems strange given how clear the ballot is. Could that be (mostly) the communist party (KKE) objection? I read that KKE had 3.x% of the vote. Presumably, those voters would be anti-Troika/anti-austerity but are responding to their party's call to abstain as an objection to Syriza.

If so, then anti-Troika/anti-Austerity sentiment is even stronger than the vote tally indicates.

Posted by: Jackrabbit | Jul 5, 2015 4:25:39 PM | 29

@29

Uh-huh. Did you see any New Democrats/Golden Dawner's calling for the insertion of their additional demands? Who's desperate now?

Posted by: Comrade X | Jul 5, 2015 4:30:43 PM | 30

A lot of folks are eating crow after accusing Tsipras, Syriza, and Varoufakis of being moles, turncoats, traitors, doubledealers and worse. They did what they said they'd do. Perhaps now their words will be read/listened to more closely. I still expect most of the debt to be declared Odious, which will become part of the debt restructuring talks. The Troika will be on the defensive from now on until they are finally defeated. The Dominoes will now begin to fall!!

Posted by: karlof1 | Jul 5, 2015 4:40:15 PM | 31

Evening summary: Greece gives creditors the big No, 9:28pm


Greece has delivered a dramatic, unexpected and sensational rejection of the terms demanded by its creditors in return for aid ... With more than three quarters of votes counted, around 62% of Greeks have voted No, or Oxi – stunning the eurozone ...

You see? If a guy like me out in left field could see this coming they certainly knew it was on the way.

Yes, their 'too close to call' was their usual lying bullshit/dysinformation.

Posted by: jfl | Jul 5, 2015 4:51:10 PM | 32

Consider: just weeks before Schauble had dared Tsipras to hold a referendum!

Posted by: Jackrabbit | Jul 5, 2015 4:51:47 PM | 33

@31

They were offered a 30% 'haircut' before the vote ... I'd make it the full amount of their 'rescue' packages starting in 2010 now, if were the Greeks.

Posted by: jfl | Jul 5, 2015 4:54:10 PM | 34

@31

... and let the whole Eurozone have a referendum and push the liability for the odious debt back on the banks, where it belongs!

Posted by: jfl | Jul 5, 2015 4:55:33 PM | 35

@33

German genius at work.

Posted by: jfl | Jul 5, 2015 4:56:19 PM | 36

#32
Yes, that the spin they play trying to get out the vote for yes but they just got stomped. Thank You Greek citizens.

Posted by: jo6pac | Jul 5, 2015 4:58:29 PM | 37

http://www.ekathimerini.com/198993/article/ekathimerini/news/greek-conservative-opposition-chief-samaras-resigns
Greece's conservative opposition chief Antonis Samaras on Sunday announced his resignation after the country appeared set to reject further austerity cuts in a referendum.

"I understand that our great movement needs a new start. From today I am stepping down from the leadership," the New Democracy chief, a former prime minister, said in a televised address.

Posted by: okie farmer | Jul 5, 2015 5:00:05 PM | 38

http://www.ekathimerini.com/198994/article/ekathimerini/news/tusk-to-decide-if-eurozone-summit-can-go-ahead
European Council President Donald Tusk will confirm on Monday whether a eurozone summit will take place on Tuesday as France and Germany have requested, a spokesman for France's Elysee Palace said.

After the Greek "no" vote against the terms of a bailout offer from creditors, French President Francois Hollande held a crisis meeting of his team in Paris. He spoke with Tusk, European Commission chief Jean-Claude Juncker and Martin Schulz, president of the European Parliament.

Posted by: okie farmer | Jul 5, 2015 5:04:45 PM | 39

Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too.

Posted by: Comrade X | Jul 5, 2015 5:41:08 PM | 40

Lauren Conrad: (Lauren Screams)
Lauren Conrad: Lauren Screams
Jessica Simpson: (Jessica Screams)
Jessica Simpson: Jessica Screams
Miranda Cosgrove: (Miranda Screams)
Miranda Cosgrove: Miranda Screams
Ashlee Simpson: (Ashlee Screams)
Ashlee Simpson: Ashlee Screams
Bar Refaeli: (Bar Screams)
Bar Refaeli: Bar Screams
Ashley Tisdale: (Ashley Screams)
Ashley Tisdale: Ashley Screams

Posted by: Njal | Jul 5, 2015 5:44:46 PM | 41

Sandra Bullock: (Sandra Screams)
Sandra Bullock: Sandra Screams
Julia Roberts: (Julia Screams)
Julia Roberts: Julia Screams
Sara Paxton: (Sara Screams)
Sara Paxton: Sara Screams
Julie Roberts: (Julie Screams)
Julie Roberts: Julie Screams
Sara Evans: (Sara Screams)
Sara Evans: Sara Screams
Amanda Bynes: (Amanda Screams)
Amanda Bynes: Amanda Screams

Posted by: Njal | Jul 5, 2015 5:48:53 PM | 42

"The shameless blackmail and terrorism of the eurocrats failed."

I very much doubt that I believe that the class war against Greeks pensioners and worker will continue with help of domestic compradore class, but remain to be seen.

I do not believe in so-called democracy and what's the standards are of successful referendum but it seems to me it is pretty low voting percentage.

http://ekloges.ypes.gr/current/e/public/index.html?lang=en

Posted by: neretva'43 | Jul 5, 2015 6:23:02 PM | 43

@43

Yeah, well, I'm sure the domestic compradors fit handily in the 21% who where "yes" voters.

Posted by: Comrade X | Jul 5, 2015 6:39:09 PM | 44

Is that why you're an unbeliever?

Posted by: Comrade X | Jul 5, 2015 6:40:33 PM | 45

Tsipras and Varoufakis are looking like political geniuses today. Basically it looks like they used the 6 months of negotiation to educate the public about the nature of the EU financiers. If they had called the referendum earlier they would have likely lost. Their special weapon in the PR department was finance chief Schauble -- if Merkel was using him to play bad cop he definitely overplayed the role.

Now we will see if the EU kicks out Greece as they threatened during the campaign. I think they were just bluffing to scare the Greeks. Now they will have to discover their plan B.

Posted by: ToivoS | Jul 5, 2015 6:42:07 PM | 46

@18 yellowsnapdragon

Would you consider coming here to say hello? http://cafe-babylon.net/

And Woot! Oxi! Here's hoping the 'Yes' Generals don't get any big ideas.

Posted by: wendy davis | Jul 5, 2015 6:55:47 PM | 47

38

In NYTimes, naturally, there he is, Krugman shamelessly pandering to the mobs with his 'Conscience of a Liberal' (urk) screed, "If Greece had been forced into line by financial fear mongering, Europe would have sinned in a way that would sully its reputation for generations."

This is a guy who cheered on the sidelines while USA was terrorized by a private Fed Bank bailout of TRILLIONS in illegal, odious, fraudulent synthetic collateral debt obligations, transferred onto the backs of the Public, just like saddling up a f'king mule, and with a gun literally held to the head of every member of Congress, 'Nyet means your world dies!'

Krugman wet his pants when that Great NeoLiberal Grift went into QEn overtime, and here he is today, gushing over Greeks No vote, which saved him, and all his pandering sycophant economist whores from the exigency of a public Greek bailout, which even the IMF has stated would only create more untenable, unredeemable debt debacles, ...like the one USA is now in.

In other words, the whole NeoLiberal End of History is a colossal Rape by Globalist Elites.

"— and in any case, democracy matters more than any currency arrangement."

F'ck you, Krugman! Did you vote for those Bailouts? Did anyone vote for QEn? There is no 'Democracy', ...only massive Mil.Gov State looting and Bank-Brokester privatization of the Public Treasury, Public Resources, and just about everything else that isn't nailed down.

Greece will go where The West must inevitably follow, down a Wurmhole left by the Gribbles.
Para los santos, para sa yawa, pour a 40 for your homies.

Posted by: Chipnik | Jul 5, 2015 7:33:14 PM | 48

@ 16, Not sure what you are arguing about. The banks own the German, and indeed most governments and they always socialize their losses. If you want to give it another name, be my guest.

At this point, the ECB and the banksters are in awkward position. They have to make an example of Greece somehow, but it is becoming harder and harder to hide their true nature from the world. And the more they torment Greece, the more they expose their claws and tentacles. And if they force Greece out of the Euro, the Euro will not survive. Fine by me. I still have about 50 old German Marks I'd like to spend.

Posted by: Lysander | Jul 5, 2015 7:33:26 PM | 49

Posted by: Chipnik | Jul 5, 2015 7:33:14 PM | 48: " the whole NeoLiberal End of History is a colossal Rape by Globalist Elites."

Lay back and enjoy, TINA!

Posted by: Comrade X | Jul 5, 2015 7:46:27 PM | 50

31

"In international law, odious debt, also known as illegitimate debt, is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable."

Yet by every measure, Socialism For the Greek State was VERY GOOD for the interests of a MAJORITY of Greek citizens, allowing them to retire with a full pension at age 54, together with a weak State tax apparatus that allowed MORE Greek citizens to dodge their taxes.
Hmmm, easy pension, no taxes. Why, I'll take one of those, and one of that! Laissez les bon temps roulez!! Ahh, but then the bills came due. To the Stockades, Zeks!!

What a deadbeat deadbusted broke joke. This is just Controlled Opposition. The very LAST thing the IMF and EU banks wanted was a 'Yes' vote and another handout to Greek deadbeats. The 'No' vote was delivered to them on a silver platter, with full concessions, by Tsipras.

Posted by: Chipnik | Jul 5, 2015 7:49:37 PM | 51

@49

If "they always socialize their losses", they ain't succumbing to "moral hazard". Get yourself a new brainwash so you don't don't sound like a recovering zombie.

The Greeks are in the middle of a war between US and EU crapitalism. The solution ain't up to the Greeks alone, comrade.

Posted by: Comrade X | Jul 5, 2015 7:52:55 PM | 52

Chipnik is a tedious moron: "Yet by every measure, Socialism For the Greek State was VERY GOOD for the interests of a MAJORITY of Greek citizens, allowing them to retire with a full pension at age 54 [blah blah]

Retirement age in Greece is 67. Unemployment, 25%, youth unemployment, 50%.

Posted by: Piotr Berman | Jul 5, 2015 8:04:01 PM | 53

@53

The area of social security also had its share of problems. Social security was organized by occupational groups and trade union insurance funds. Some population groups, however, were not covered, while others that were covered had only access to low-level pensions, and sometimes, inadequate medical coverage. Other groups, by contrast, were covered by more than one fund, and as a result received high benefits. The main problem with social security was that it was underfunded when compared to how much of the GNP other countries devote to this area. The PASOK government acted to change social security in the 1980s, by increasing the monthly pensions for large portions of the population. Also PASOK introduced minimal pensions and medical benefits for retired farmers who had not previously paid into an insurance fund. The Socialist Government also provided social insurance coverage for Greek nationals.

Social security is made up of a collection of funds under the jurisdiction of the Ministry of Health, with unemployment and family assistance under the Ministry of Labor. The system is financed by earnings contributions from employers and employees. The government needs to subsidize some of the funds in order for the system to function. It is interesting that there is no national program for those who do not qualify for an insurance benefit or whose benefits have ceased.


As of 2003 Greece was near the median of EU countries in % of GDP devoted to "Social Spending". It was near the top in % of people in poverty (60% of median income).

In Greece, despite the evolution of the welfare services and the implemented reforms in the National Health Service system and the Social Insurance sector, there are some institutional and bureaucratic obstacles which prevent the effective redistribution of recourses towards the poor and the socially excluded persons.

The elderly and the very old confront a high risk of poverty. This risk is much higher in Greece in comparison to EU average. In Greece the poverty rate for the age group 65 and above is 33%. The corresponding figure for the EU is 20%.

Etc.

Whatcha smokin' there, chipper?

Posted by: Comrade X | Jul 5, 2015 8:20:13 PM | 54

Thanks for the advice, x. But I'll continue to use the term moral hazard. If I need any further advice from a self appointed ideological enforcer I'll be sure to ask you.

Posted by: Lysander | Jul 5, 2015 9:51:56 PM | 55

Ah, market "enforcers" you'll mindlessly mimic. Perhaps you should investigate the most useful meaning of "ideology": a set of ideas proposed by the dominant class of society to all members of society (a "received consciousness" courtesy of the masters' "thought collective").

As you could guess (if you, you know, had your shit together), I won't be waiting for your requests, comrade.

Posted by: Comrade X | Jul 5, 2015 10:13:12 PM | 56

its the anglo-saxon elites who dislike the euro because they fear a rival world reserve currency and brits fear a german dominated europe. In any case, the euro will not collapse just because grexit

Posted by: meofio | Jul 5, 2015 10:31:48 PM | 57

Latest from TRNN on Greece:

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=14176

Posted by: ben | Jul 5, 2015 11:54:10 PM | 58

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a fucking hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:09:52 AM | 59

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a fucking hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:10:10 AM | 60

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:10:31 AM | 61

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:11:37 AM | 62

yes - kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:33:35 AM | 63

5th or 6th time trying to post this...

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:34:06 AM | 64

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:34:18 AM | 65

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol.. ...

Posted by: james | Jul 6, 2015 12:35:01 AM | 66

posts not getting thru.. test.

Posted by: james | Jul 6, 2015 12:35:26 AM | 67

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:35:37 AM | 68

8th or 9th time..

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:35:51 AM | 69

i guess i am only allowed to post in small bits, lol..

Posted by: james | Jul 6, 2015 12:36:12 AM | 70

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:36:28 AM | 71

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@ king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:36:40 AM | 72

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:36:50 AM | 73

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol.. ....

Posted by: james | Jul 6, 2015 12:37:04 AM | 74

kudos to the majority of people in greece!

@11 lysander.. right on.. fully agree.. and if the usa taxpayers could do the same thing when their political leaders are bailing out wall st a the cost of the little people via a vote on it - that would be an act of democracy in action too - something rarely seen in that bastion of so called democracy..

Posted by: james | Jul 6, 2015 12:37:36 AM | 75

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:38:00 AM | 76

@17 Piotr Berman.. good observations.. thanks.

@26 okie "EUR-USD -1.0996 -0.0118 -1.06%.. wasn't that the plan all along? thanks for the update.. when do the euro politicians wake up, or does that ever happen?

@28 bjmaclac and @32 jfl... fortunately the sickening propaganda machine doesn't work on everyone.. didn't work here!

Posted by: james | Jul 6, 2015 12:38:23 AM | 77

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:38:43 AM | 78

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:39:08 AM | 79

@40 comrade x quote "Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too." if that is true - that is a great idea... can we do it in the other western countries too before imf/world bank and etc gets us to give us our first born?

Posted by: james | Jul 6, 2015 12:39:21 AM | 80

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:39:36 AM | 81

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:39:50 AM | 82

@48 chipnik quote.. "F'ck you, Krugman!" couldn't agree more.. what a f@king hypocrite..

Posted by: james | Jul 6, 2015 12:40:06 AM | 83

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:40:19 AM | 84

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:40:37 AM | 85

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:41:00 AM | 86

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol.....

Posted by: james | Jul 6, 2015 12:41:21 AM | 87

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol....

Posted by: james | Jul 6, 2015 12:41:36 AM | 88

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol.. ...

Posted by: james | Jul 6, 2015 12:41:53 AM | 89

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:42:13 AM | 90

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol...................

Posted by: james | Jul 6, 2015 12:42:36 AM | 91

@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol.....

Posted by: james | Jul 6, 2015 12:42:55 AM | 92

....@53 Piotr Berman.. it is one of those rare moments i agree with comrade x, lol... @55 lysander sums it all up the best, lol..

Posted by: james | Jul 6, 2015 12:43:18 AM | 93

9

Well, the Greeks voted 'No', as the IMF signaled to Tsipras to get that done.
Now comes the crushing 'structural adjustments', and tourist vacation deals!!
'Come to Greece!! Experience Revolutionary French in its Final Bloody Days!'

Did you know the USMil.Gov built a $234 MILLION simulated Afghan village in SE CA?
They sponsor *global* military anti-insurgent training, using Hollywood volunteers,
bused in by coach, with full catering, and a production film team to record it all.
They got the idea from, who else, Hebron, which builds war-sim Palestine villages.

Now if we could get the Pentagon together with Tsipras to create a war-sim Greece!?
They could staff it with the 1,000s of Turkish refugees pouring in over the border.
It would be perfect anti-guerrilla training. Hire Greek locals to do the catering~!
I'm thinking, you know, War-Sim-Rhodos, then broadcast that on VoA over to Turkey.

"This is what happens to anyone who goes off the reservation, lu,lu,lu,lu,lu!"

Ha,ha,ha. It's all just a 'war' sausage machine to grind up our last life savings
and make Mil.Govs and Bank-Brokesters into the Last of the Exceptionalist Mahicans.

Posted by: Chipnik | Jul 6, 2015 12:47:58 AM | 94

The victory of the "No" vote is an important milestone for Greeks. It is something to celebrate. The leadership and strategy of Syriza has been sound and diligent, and will inspire others. This has been a good day for democracy.

Posted by: Copeland | Jul 6, 2015 12:48:24 AM | 95

58

"Greek Voters Deliver Stunning Rebuke to Austerity!!!"

Ummm, no ... Tsipras negotiated agreement to nearly all of ECBs demands. IMF signaled that a bailout (which no EU bank, bond writer or IMF would touch) would only extend the pain forever. Tsipras duly delivered the 'No' vote, which means the debts are no longer 'odious' because the Greek people have JUST AGREED IN NATIONAL REFERENDUM TO THE STRUCTURAL ADJUSTMENTS ALTERNATE.

Pop some popcorn, get a half-rack of Schlitz, and invite your friends over to watch Wurmwood II.

Posted by: Chipnik | Jul 6, 2015 1:02:32 AM | 96

But 5.77% of ballots are Invalid/Blank. jack Rabbit at 29 (no. may not be exact)

Just a detail, of course. Very high! As Jack says, the communists. But it can’t have been only them. In all cases, of course, it is a non-YES vote.

These are votes that signify, that question should not have been put. (And not: I can’t decide, in which case one abstains, that is the voting etiquette in referenda.) No doubt there will be some picky constitutionalists amongst them with various objections. But the bulk will have been: this Gvmt. was elected, it was up to them in any case to act. Or: Tsipras should have taken responsibility, he should not have asked again for support. Which is good imho.

The turn out 62% is the same as for the 2015 election of Syriza - 63%.

Posted by: Noirette | Jul 6, 2015 2:05:05 AM | 97

This short article on Greece’s financial situation is worth a read. 3 July.

http://www.voxeu.org/article/greece-solvent-illiquid-policy-implications

Posted by: Noirette | Jul 6, 2015 2:19:43 AM | 98

And in other, but disturbingly related, news:

China buying on the margin...

Posted by: chuckvw | Jul 6, 2015 2:26:53 AM | 99

Greece's military expenditures are comparable to maybe 50% of Greece's national debt. Syriza's internal enemies need be put to a referendum, too. Comrade X at 40.

See here: “Europe offered Greece a deal to meet is obligations by cutting military spending. The IMF said No Way.” 15 June.

http://www.huffingtonpost.com/2015/06/15/imf-greece-veto_n_7588594.html


Posted by: Noirette | Jul 6, 2015 2:27:43 AM | 100

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