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http://www.aljazeera.com/news/2015/07/euro-leaders-reach-agreement-greece-bailout-deal-150713071039926.html

Full Text of the Agreement Between the Brussels-EU and Greece:
http://t.co/4OeNBKtyqv

Sad news for the average person, good news for the euro top scamming pricks. My dream is Bitcoin obliterating these bastards.

So, I guess they called on Tsipras' bluff, country is bankrupt and he had no other way to avoid total collapse other than asking for more money, he made a good effort with the referendum but it was in vain...

hahah we will see what will happend now, but i love your phrase ;), will be hard, but who know?...


yep well at least ppl start to open his eyes about those things, things that drive you to nowhere ;)

Bullshit.

Why didn't Tsipras put this deal up for a referendum vote as well?

The referendum vote was nothing but a bargaining chip - abusing the People of Greece - to get a better deal that backfired. Tsipras sold out the People of Greece for some money.

Goodbye greece. :o

This.  He had no intention of ever walking away from the negotiating table.  It was all a ruse for political posturing.

Most likely got reassurances from the EU Oligarchs to keep him in power for a while longer.  And he probably bought some stocks low, and made money on the subsequent rise.

The Greeks will oust him eventually.  But he won't even be around when the eventual fallout happens, he'll be on a beach somewhere...

Tsipras was corruptable, probably.

Greek minister want money to open the banks.
simple.

But it's too late ... for the people.
Don't make the same mistake ... buy Bitcoin at the DIP. ;D

Greek Prime Minister Alexis Tsipras is likely to face internal strife over his 86-billion-euro agreement with international creditors on Monday.

The deal, which was struck after 17 hours of deliberations and will include more measures and reforms than the ones Greece submitted last week, will have to be ratified by the Greek government by Wednesday at the latest.

The SYRIZA Left Platform, a sub group within the party, is likely to vote against the deal, vote “present” or even abstain from the whole process, according to Greek media.

Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis, leader of the Left Platform, will not resign from his post even though he will reportedly vote against the Prime Minister’s deal. Lafazanis had voted “present” during the parliament vote on the Greek proposals sent to international creditors.

The SYRIZA Parliamentary Group will meet tomorrow morning to discuss the deal.

- See more at: http://greece.greekreporter.com/2015/07/13/syriza-left-platform-likely-to-reject-bailout-deal-in-greek-parliament/#sthash.kt6ovpPK.dpuf

Hallelujah

So in brief, the Prime Minister enjoyed the attention of the Referendum before ignoring the results and accepting an even more odious deal to pay off toxic debt.  However, this deal must be ratified by the parliament and the people are yet to react. Should be an interesting week.

Is still not decided yet, wait a day more, then we'll know.
Anyway all of this is a joke, if Tsipras accepts ten we'll end up the same in 6 months or less.

apparently their govt can still veto it.

I wonder how fresh and coherent the various negotiators and leaders were, sitting in a meeting for 17 hours and apparently prevented from leaving before an agreement was made.  By the 17th hour I think I would agree to just about anything just to get out of that room and get some sleep.  What's the worst that could happen to me as a leader/negotiator?  Lose my job?  Face a hostile parliament on my return?  It's not like my personal fortune or liberty would be at risk.

The future of nations being negotiated in a pressure cooker by a tired and exhausted group of humans.  Sheer insanity.

We can't possibly know the full extent of the game of chicken played behind closed doors; 19 nations, parliaments, political parties all posturing and straddling the blurred lines between what is assumed to be good for Greece, for the EU, for individual countries, individual politicians and individual parties. So, really an all round circus.

What seems to be clear as the dust settles is that Greece is worse off than it was (if that is possible) and the EU project is possibly damaged beyond repair; acting in violation of its own rules and subverting the law and will of a sovereign nation show the real colours of not only itself (ie the EU) but our current global financial system.

Is this good for bitcoin? I'd say yes. It is further embedded in the public consciousness as a crisis asset but more importantly, it will benefit as more and more people see what a mess things will become when the music stops.

The more countries collapse, the more people understand the  reason behind it. FIAT CURRENCY. The more people understand it, the more people find out ways to find an alternative. We already have an alternative. A decentralized crypto coin called BITCOIN. All they need is to understand bitcoin and use it according to their own terms. Once they adopt it, they'd possibly be a part of the happy ending, if there is any ending.

This was obvious as soon as Varoufakis "resigned"... you don't say no to the mob or they make an example out of you!

Now we wait to see if the people of Greece accept what they have been forced into.

Great summary. Its probably lies. I bet they all had bunkbeds in there. None of them looked tired when they spoke to the media the following morning. Perhaps they had consumed amphetamines.

I guess time will tell. With Cyprus its population was 1 million people, with Greece it has 10 million people. Who's next? Portugal? Thats another 10 million.

Portugal already was, we have harsh austerity measures for the last 3 years or so.

Be the way, current economic problems in EU countries have nothing to do with currency, it's about corruption and incompetence in the management of funds, and poor economic policies, Euro is a pretty strong currency.

Sure economic management & corruption plays a part, as does the need for structural reforms. But, strong economies like germany have the same currency as weaker euro countries, which directly effects competitiveness. and anytime a member runs into financial trouble they cannot cheapen the currency to improve competitiveness against other countries.

Portugal already was what? They haven't undergone capital controls recently have they?

 Agreement was for further bailout negotiations,it will passGreece parlament propably with oposition support

Now IMF report has been revailed that Greece debt with next bailout will  rise over 200% his GDP
Without debt reduction it will be not possible to pay and Greece will enter in agony
Eurogroup  knew about that report,thay were not agree for debt reductions
Now IMF will not give even penny without Greece debt reduction

It is nothing over,becouse Greece needs now about 20bln Euro in bridge loans to pay his debt now,to IMF and

EBC,today there was all day talk where to find that funds,result was fiasco,Eurogroup has even idea to ask for that all 28 EU nations,there is strong resictence for that

Generally plan is simple,Robber Greece,from that Greece 50 bln property funds,land let Greece die

But European citzensarewatching that and not all off them is blind

So what next,word Eurogeddon can be most popular hashtalk on twitter

Ohooo, good point.  8)

strong ?

-19% in 1 year ... against the USD.

 ::)

I meant we were 'next' 3 years ago, I hope the kind of scenario that requires capital controls was already avoided.


That's true and a very good point, but a EU country cannot do that with its currency the same way Texas cannot do that inside the USA.

There is a lot more connection and much less competition between states than their is between the sovereign nations of europe...

What sort of measures? Would be nice to know what to prepare for when this shit eventually comes my way.

How can you call any Euro nation Sovereign when they get their orders from and pay taxed to the EU in Brussels?

Correct. In my country there are thousands of new laws made every year, and only half of them by us. And what we are allowed to decide for ourselves, in our own country, falls within the limits of whatever the EU says. We have no sovereignty. I suspect it is the same in all member countries.

Agree,i am from EU country what is not in EuroZone,amount of EU legislation ,rules is incredible and very much idiotic,Euro is political project for Europe federalisation,Federalisation under Germany or any other
federalisation will not works,to much diffrences between countries and nations

About Greece,by my opinion behind all that is that crazy huge derrivative market,virtual pyramid

That was kind of the point I was trying to make... the Euro is not working in countries like greece because of the nationalistic attitude of the parties involved....   in one single country you can have greater give and take between states because it is one nation.....
Competition between the nation's of Europe won't allow for this kind of social contract past what is good for the main contributes.

same shit, in our country they come up each month with a new bullshit tax(especially theso for holding more than one house ecc..), just to milk more money, or to delay the retirement money, for those that are waiting, the current situation is awful

what you expect from centralized countries in a centralized big system? 100% bad things

I'm a bit bias the way I put this. :)

Destruction of public services like education and health care by restructuring them to save money, less scholarships for university students, like a LOT less, increase in university fees, and health care fees.

Increase in taxes, all of them, new taxes, 'confiscation' of the 14º month salary for 3 years I believe.

Social security takes a big hit, pensioners with already very low pensions see them frozen or even lowered.

Consequences of this policy, a lot of people emigrated, like a lot, specially young and with high education people, and this is starting to be a problem, because less working people, less taxes, now they're starting to talk about this and something is being done to attract this people back.

I still do not thing this is the best way to go, I did not agree with this, I didn't even voted for the people who decide this, but, at least in my end, life continues as it always was, if I didn't watch a bit of television, or read news online, I probably couldn't tell there was a 'crisis'...

And the "funny" part is, most if not all of the crucial economic laws are always coming from somewhere else that isn't your actual country. There's always a bigger hand dealing those. In your country you may decide trivial things, but the that fundamentals that decide the fate of a country, those decisions are taking elsewhere. Thats why im never been motivated to vote to a political party. What's the point? so we can choose gay marriage rights or how to paint the walls on your town hall? what a waste of time.

There are enough troubles with "intra-nation" differences.  EU being "inter-nation" it's just silly bolting them all to the same policies.  I said this before the EUR currency was launched.  Eg.  If UK is primarily a Services industry and say, Germany is primarily a Manufacturing industry, they both need to be able to adjust things themselves to suit that environment.  Saying one size fits all is just doomed to failure.  Honestly I'm surprised it lasted this long.

BTC over the last 5 years has beaten FIAT inflation (taking a longer time frame to ignore the bubbles).  Can't say that for any currency since they are the inflation itself.

Over simplistic I know, but you get the drift.

https://i.imgflip.com/oab49.jpg (https://imgflip.com/i/oab49)

Greece leaving the euro is inevitable.  The latest move is simply more can kicking.

http://www.politico.com/agenda/story/2015/07/greece-death-spiral-ahead-000152

 Eurozone is like USSR,whan you are in you cant go away,there is not procedure for that

Now will be few weeks of negotiations about bailout,Tsipras  told in Greece parlament that he has promise of debt reduction,but Geramany is against that if if IMF and Mario Draghi arecalling for that

Link below,maybe funny and impossible,but for EU really the best.Gerxt Germany away  Euro

http://www.bloombergview.com/articles/2015-07-17/germany-not-greece-should-exit-the-euro (http://www.bloombergview.com/articles/2015-07-17/germany-not-greece-should-exit-the-euro)

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

Wasn't talking about greece. Obviously they will keep holding their hand out as long as there are handouts. I'm talking about the countries that still have a somewhat functional economy. Of course, one might argue that no such country exists.

And at this point it's no longer a matter of "letting". Countries will collapse one by one, or all together in the end.

Well, eventually everything will die away, I'm just hoping it will stay up long enough for I to live my life. :)

The Greece is safe for now. No goodbye for the moment. No one know for how much time but for the moment, another time in their story, Greeks found a way to stay in the surface. They had their life jacket and can survive. But how much time this will last??? 

And this in a nutshell is what is wrong with humanity. :P Individualistic, egocentric, lazy and irresponsible. I have nothing against you by the way, but in your sentence I recognize the attitude of many people. As long as they can live their own short life drinking beer, having sex and watching netflix it's all good. Who is left caring for the world we leave behind for our children? The baby boomers have left our generation with a huge burden of debt so their lives were good, now do we want to do the same to the generations to come after us? I'm truly hoping to see the current debt based economy collapse in this life. Not because I'm a pessimist and a doomer, but because the old has to die first before something new and better can be born. I also don't believe it will be the end of the world, just the end of a corrupt system that has engulfed the world and the beginning of something new. You can't have change without going through some pain first.

Not at all, I actually don't have children but people with children tend to care about the future and the world left for future generations.

I don't even think there's going to be a collapse, well, at least for the foreseeable future, like I said, eventually everything dies out, but change over time, little improvements that will add up to something new.

What I'm saying is, I'm not the kind of Orwell guy, I'm the Ghost in the Shell guy when it comes to predicting the future.

The EU is not Sovereign and not even a nation, but are telling half the world what to do and everyone must pay them taxes and get their money from them, as debt...

The utter shits. Pfffft

Bye bye Greece.  Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

People make apocalyptic predictions for the future but in the stone age we only lived to about 40. Life spans are getting longer because things have improved. During the great depression people had a much worse time than under recent depressions. Changes were made to the system that made things better because enough people cared. If there is a big crash I think we will still be better off than people were after the Wall Street crash, and Bitcoin will still be here.

I dont think they are trying to pass the buck.  Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans.  Now the bailout effectively transferred the private bank debt to the public.  That is wrong.

why is it always the people who have to pay for the wrongdoing of the government and the banking systems. that is just wrong.

this makes me want to invest more into bitcoin to secure my little bit of wealth away from banks. and cut anybody's hand from my own money.

http://www.zerohedge.com/news/2015-07-21/something-revolutionary-air-grexit-insurrection-most-probable-outcome

Interesting thought.  Seems like this is a real possibility.  It makes you really wonder if the leaders of the world WANT social unrest and instability.  Evidence being the funding of weapons to Ukraine as well as anti-russian propaganda, race baiting in the US to fuel riots over police encounters, and now the unsustainable Greek debt being added too.  The people are constantly on the losing end, adn the greeks could show the rest of the world they are fed up with govt overspending them into debt slavery.

Anyway it's funny because I said the exact same thing that this article says not too long ago, it was Einstein who said it!

The public voted for the governments that racked up the debt. They have to reap the consequences now.

The public votes for politicians, politicians are liars.  They admit they have to lie and hide certain views to remain electable, even 0bama has now publicly admitted he had to hide his views on gay marriage to remain electable.

Anyway, my point is most all politicians are out to line their pockets, not serve the interests of the people.  If they were there to serve the interests of the people they would actually work on CUTTING SPENDING, reducing entitlements, promoting PEACE and not war, etc.

The people are only given so many options on who to vote for, and to say they should reap the consequences is not fair.  Its usually a "chose the lesser of two evils" situation, and the people always lose.

While most of your comments are well taken, the last here is simply not true. At the _end_ of the winnowing process, we typically are only able to select between two candidates from the two plausible parties -- each candidate already being selected by TPTB. But if people participated early in the winnowing process, there would be a selection between two _good_ candidates from the two plausible parties.

How many candidates are competing for the Repub Prez nomination? Would Hillary's policies be the same as Warren's, the same as Sanders'?

Examples from my american-centric viewpoint, but I doubt the situation is drastically different elsewhere in the so-called 'free world'.

Safe for now, but I feel like everything is a delayed ticking bomb waiting to explode in their faces.

Its a matter how they see resolve of what needs to happen to make a "dream" growth to have other foreign countries to bring their business there.

Similar how china does it with the u.s and made their own country to have more middle class then the u.s.

At least now we can talk about bail outs and hair cuts, knowing that the banking sector is saved for another day, and that the risks are again in the hands if the taxpayer while the profit goes to the bank.

What a great world, that we live in. ::)

Looks like the Greece drama isn't over yet...

http://www.telegraph.co.uk/finance/economics/11772497/Greece-news-live-IMF-pulls-out-of-new-bail-out-as-Alexis-Tsipras-on-collision-course-with-Syriza-dissenters.html

I don't think it will be over for some time. They 'serviced' their debt by incurring additional debt. Thinking people know how this scenario plays out.

Exactly the same that USA is doing right now, and they are not the only

The Greece stuff isn't even the beginning

Without other debt Greece is unable to go out of the crisis. There are not other resources and that the Greece can produce in a year onerously can be paid the salaries of the public employed and part of pensions of the Greeks.