Greece snap elections - 25th Jan

[CAPP0]

jonah35 said:

What will happen?

Will Germany still pay the 7 billion?

How will this work out?

Best read whilst listening to this (but only if you're VERY old…)

[CAPP0]

Digga said:

Sadly, I think a lot of voters thought they'd chosen a free lunch - some sort of miraculous way out of austerity.

I also got that distinct impression.

[Digga]

CAPP0 said:

Digga said:

Sadly, I think a lot of voters thought they'd chosen a free lunch - some sort of miraculous way out of austerity.

I also got that distinct impression.

The new Greek finance minister, Yankis Varoufakis talks the talk - about breaking the oligarchy that controls Greece, the public sector procurement chains that extract rent at all levels, about breaking tax exemption (a bigger problem than avoidance in his opinion), and changing the way business is done - but this is a monumental task and the incumbent cronies are not going to take this lying down.

Meanwhile, the voters will realise that where economies are concerned, there are no quick fixes.

http://www.zerohedge.com/news/2015-01-25/greeces-n...

[Yazar]

Coalition formed!

bbc said:

The far-left Syriza party, the winner of Greece's election, has formed an anti-austerity coalition with a right-wing party, the Greek Independents.

The coalition will have a comfortable majority in the new parliament.

Wikipedia said:

[Greek independents] Economically, the party is focused on the rejection of the loan agreement between Greece, the EU and the International Monetary Fund.[13] Party leader Kammenos has proclaimed a "national awakening and uprising," and has stated that Greece had fallen victim to an "international conspiracy".[14] In a 2012 speech, Kammenos said Greece was now a "laboratory animal" in an austerity experiment conducted by the IMF and EU, who "used the public debt as a means of control."[17]

http://en.wikipedia.org/wiki/Independent_Greeks

[powerstroke]

Yazar said:

Coalition formed!

bbc said:

The far-left Syriza party, the winner of Greece's election, has formed an anti-austerity coalition with a right-wing party, the Greek Independents.

The coalition will have a comfortable majority in the new parliament.

Wikipedia said:

[Greek independents] Economically, the party is focused on the rejection of the loan agreement between Greece, the EU and the International Monetary Fund.[13] Party leader Kammenos has proclaimed a "national awakening and uprising," and has stated that Greece had fallen victim to an "international conspiracy".[14] In a 2012 speech, Kammenos said Greece was now a "laboratory animal" in an austerity experiment conducted by the IMF and EU, who "used the public debt as a means of control."[17]

http://en.wikipedia.org/wiki/Independent_Greeks

Fantastic fireworks me thinks!!!

[hidetheelephants]

Yikes; communists and fascists in bed together! At least they might share an unhealthy interest in controlling their population.

[LucreLout]

hidetheelephants said:

Yikes; communists and fascists in bed together! At least they might share an unhealthy interest in controlling their population.

They'll need to control them, once they get hoofed out of the euro for defaulting. Germany could afford to print enough to pay for Greece, but Spain and Italy would want their free lunch too, so no defaults or no euro it is then.
The young will marvel at how quickly their mobility evaporates, and their new currency makes anything imported expensive. The old will wonder how they can afford to live; sure, their pensions will be paid, but in something worth a lot less than they're used to, so travelling and imports again curtailed.
While I feel sorry for what Stavros Averageoplois is about to endure, tax evasion is so widespread in Greece that pretty well everyone is complicit in their predicament.

[jogon]

Interesting to hear on C4 news that every major news channel and newspaper was against them and they still increased their poll lead by 5/6 points from the opinion polls. Could be a nice omen for UKIP.

[Magog]

LucreLout said:

The young will marvel at how quickly their mobility evaporates,

If I was a young Greek person I'd be on the first plane to the UK tomorrow... Much harder to revoke someones right to live and work here once they are exercising it.

[craig7l]

Magog said:

LucreLout said:

The young will marvel at how quickly their mobility evaporates,

If I was a young Greek person I'd be on the first plane to the UK tomorrow... Much harder to revoke someones right to live and work here once they are exercising it.

The portuguese are doing a masterful job of this.... Mass exodus of a 20-30 year old demographic to mainly Germany/UK

What a wonderful experiment this whole EU malarky turned out to be.....

[allergictocheese]

The EU will talk tough then take a haircut, because the precedent set by Greece leaving the Euro and thriving on its own is too much of a risk.

[jogon]

allergictocheese said:

The EU will talk tough then take a haircut, because the precedent set by Greece leaving the Euro and thriving on its own is too much of a risk.

I agree and the cherry on top will be Cameron failing completely with his negotiations with the EU. Reward the feckless and punish the good performers will no doubt be the final outcome. Role on May.

[Yazar]

hmmm

Guardian said:

[New Greek PM's] first act as prime minister was to lay roses at a memorial to 200 Greek communists executed by the Nazis in May 1944. Analysts said the gesture left little room for interpretation.

http://www.theguardian.com/world/2015/jan/26/greec...

Edited by Yazar on Tuesday 27th January 10:13

[Bodo]

New Greek nationalist defence minister's helicopter ride prompts Turkey to scramble jets

The new Greek gov must feel like a looting mob that just opened the treasure chamber.

[NicD]

Bodo said:

New Greek nationalist defence minister's helicopter ride prompts Turkey to scramble jets

The new Greek gov must feel like a looting mob that just opened the treasure chamber.

what and found two notes:

'There is no money'

and

'You owe e240 billion, and that won't be enough'

[Bodo]

NicD said:

what and found two notes:

'There is no money'

and

'You owe e240 billion, and that won't be enough'

You portray the morning after.

Syriza is an interesting experiment: we know what socialists do when they find wealth - but what do they want to redistribute when they find there is no wealth, but only corruption, grudge and distrust?

[Claudia Skies]

jogon said:

Interesting to hear on C4 news that every major news channel and newspaper was against them and they still increased their poll lead by 5/6 points from the opinion polls. Could be a nice omen for UKIP.

Well, in both cases if the turkeys are stupid enough they will vote for Christmas!

Cheap promises from self-serving politicians with nothing to deliver in reality.

[Yazar]

Germany refuses Greek demands for £120 Billion, which the Greeks feel is outstanding from WW2 reparations.

http://www.dailymail.co.uk/news/article-2946354/Ge...

[Welshbeef]

Yazar said:

Germany refuses Greek demands for £120 Billion, which the Greeks feel is outstanding from WW2 reparations.

http://www.dailymail.co.uk/news/article-2946354/Ge...

Thing is if they have zero chance of that happening well the EU now owns what £180billiom of Grek debt... Um guess what we will walk away not honour the debt just like Germany did ... No different really.

[hornetrider]

I wonder where we'll be with all this in 12 months time, as the Greek rhetoric is pretty strong. Any predictions? Grexit, default and back to the stone age drachma?