If Greece defaults

[bryant.coleman]

The future to hook up generations of Greeks from their birth to their death to debt slavery is not a very bright future..Greeks should really put on their thinking caps, roll up their sleeves to work hard to create their OWN solution to this complex problem. This is an ethical, political and economic crisis that if sorted out with a new solution could be a paradigm shift for the rest of the world to follow.

I agree. The Greeks should think for the long-term solution. Voting YES will give them only a temporary reprieve. Voting NO is the way to move forward. There will be some initial hardships, but the Greeks will survive the doldrums, and within a few years, the Greek economy will stabilize again. On the other hand, voting YES means 50 more years of slavery. Vote NO! Say NO to the troika slavery! Remember the battle of Thermopylae!

[1715384434]

1715384434

[1715384434]

1715384434

[locopao]

The future to hook up generations of Greeks from their birth to their death to debt slavery is not a very bright future..Greeks should really put on their thinking caps, roll up their sleeves to work hard to create their OWN solution to this complex problem. This is an ethical, political and economic crisis that if sorted out with a new solution could be a paradigm shift for the rest of the world to follow.

I agree. The Greeks should think for the long-term solution. Voting YES will give them only a temporary reprieve. Voting NO is the way to move forward. There will be some initial hardships, but the Greeks will survive the doldrums, and within a few years, the Greek economy will stabilize again. On the other hand, voting YES means 50 more years of slavery. Vote NO! Say NO to the troika slavery! Remember the battle of Thermopylae!

People of Greece have spoken: "NO" is the answer
you can check the results live here (from Ministry of Interior - Referendym Results)

http://ekloges.ypes.gr/current/e/public/index.html?lang=en&fullsite=1#{"cls":"main","params":{}}

[bitcoin revo]

Broke $275 Grally !!!

[qiwoman2]

Broke $275 Grally !!!

I been watching the exit polls all evening..BRAVO TO MY GREEK FRIENDS across the sea..THE BIG OXI..We said it again..We said it in 1940 and we said it in 2015!!!!!

[bank of bits]

The future to hook up generations of Greeks from their birth to their death to debt slavery is not a very bright future..Greeks should really put on their thinking caps, roll up their sleeves to work hard to create their OWN solution to this complex problem. This is an ethical, political and economic crisis that if sorted out with a new solution could be a paradigm shift for the rest of the world to follow.

I agree. The Greeks should think for the long-term solution. Voting YES will give them only a temporary reprieve. Voting NO is the way to move forward. There will be some initial hardships, but the Greeks will survive the doldrums, and within a few years, the Greek economy will stabilize again. On the other hand, voting YES means 50 more years of slavery. Vote NO! Say NO to the troika slavery! Remember the battle of Thermopylae!

People of Greece have spoken: "NO" is the answer
you can check the results live here (from Ministry of Interior - Referendym Results)

http://ekloges.ypes.gr/current/e/public/index.html?lang=en&fullsite=1#{"cls":"main","params":{}}

Either way they are screwed for the medium term at minimum. The best they can hope for is at least give themselves the chance to start rebuilding

[qiwoman2]

The future to hook up generations of Greeks from their birth to their death to debt slavery is not a very bright future..Greeks should really put on their thinking caps, roll up their sleeves to work hard to create their OWN solution to this complex problem. This is an ethical, political and economic crisis that if sorted out with a new solution could be a paradigm shift for the rest of the world to follow.

I agree. The Greeks should think for the long-term solution. Voting YES will give them only a temporary reprieve. Voting NO is the way to move forward. There will be some initial hardships, but the Greeks will survive the doldrums, and within a few years, the Greek economy will stabilize again. On the other hand, voting YES means 50 more years of slavery. Vote NO! Say NO to the troika slavery! Remember the battle of Thermopylae!

People of Greece have spoken: "NO" is the answer
you can check the results live here (from Ministry of Interior - Referendym Results)

http://ekloges.ypes.gr/current/e/public/index.html?lang=en&fullsite=1#{"cls":"main","params":{}}

Either way they are screwed for the medium term at minimum. The best they can hope for is at least give themselves the chance to start rebuilding

Well at least the poor and destitute feel they have a say in their future which is some glimmer of hope to a battered People.. Over 10k suicides from 2008 is an alarming figure to contend with so now the Government and People have a huge responsibility to rebuild the country..It can't be done form the Govt alone, the people also have to get their act straight, be loyal to the country, pay their taxes..those that can afford..and help to grow a healthy and vibrant economy again not built on loans and borrowed money but with the sweat and toil of the people and sound fiscal policy of the govt.

[JackH]

This is going to go even more crazy very soon.

The Greek's have to pay the following now:

Treasury bill holders   July 10, 2015   €2,000,000,000   Short-term treasury bills

IMF   July 13, 2015   €455,803,443   Loan under the IMF's first bailout program for Greece, in 2010.*

Treasury bill holders   July 17, 2015   €1,000,000,000   Short-term treasury bills

ECB   July 20, 2015   €2,095,880,000   Bonds held by ECB exempted from the 2012 default
 
ECB   July 20, 2015   €1,360,500,000   Bonds held by national central banks exempted from the 2012 default

EIB   July 20, 2015   €25,000,000   Bonds held by the European Investment Bank; exempted from the 2012 default

In July ALONE, this month, more than FIVE BILLION EURO needs to be repaid to different institutions. One of which is IMF again that they already defaulted on. Basically on the 20th this month (July), the amount to pay back is huge, and affects everything from ECB to bond holders at the EIB. Two more weeks to find a resolution or we will see a systematic default compounding.

[AtheistAKASaneBrain]

Broke $275 Grally !!!

I just looked some minutes ago and it was 274, now it's 276.1 (source preev.com)

It's pretty granted now we'll break 300 this month. Good times ahead.

[eerygarden]

It's pretty granted now we'll break 300 this month. Good times ahead.

It isn't guaranteed, but go ahead and place your bet.

[eerygarden]

Tsipras is still playing his same game. His premise is that the EU/IMF will ultimately agree to anything to keep Greece in the euro. Everything he is doing is designed to "bring them to their senses." I suspected that everyone except the die-hard Greek communists have had enough of him, but with the 60% majority for oxi I guess he is still a strong leader, the question is for how long.

This drama is plagued with uncertainty. EU vs Tsipras. Tsipras' leaked letter kind of weakens his hand I think. I also believe that Tsipras is not uncorruptable. The question for me is how long will the Greek people forgo capital controls and will they suffer empty supermarket shelves.

[pereira4]

Tsipras is still playing his same game. His premise is that the EU/IMF will ultimately agree to anything to keep Greece in the euro. Everything he is doing is designed to "bring them to their senses." I suspected that everyone except the die-hard Greek communists have had enough of him, but with the 60% majority for oxi I guess he is still a strong leader, the question is for how long.

This drama is plagued with uncertainty. EU vs Tsipras. Tsipras' leaked letter kind of weakens his hand I think. I also believe that Tsipras is not uncorruptable. The question for me is how long will the Greek people forgo capital controls and will they suffer empty supermarket shelves.

The limit is supposed to stay imposed until at least thrusday. Now Tsipras is forced to not dissapoint the Greek people. If Tsipras gives in a little bit too much in the negotations he's done. If Tsipras fucks it up and they see themselves out of the Euro, he's also done (most Greeks dont want to be out of the Eurozone). Extremely hard situation for him and his team.

[eerygarden]

Tsipras is still playing his same game. His premise is that the EU/IMF will ultimately agree to anything to keep Greece in the euro. Everything he is doing is designed to "bring them to their senses." I suspected that everyone except the die-hard Greek communists have had enough of him, but with the 60% majority for oxi I guess he is still a strong leader, the question is for how long.

This drama is plagued with uncertainty. EU vs Tsipras. Tsipras' leaked letter kind of weakens his hand I think. I also believe that Tsipras is not uncorruptable. The question for me is how long will the Greek people forgo capital controls and will they suffer empty supermarket shelves.

The limit is supposed to stay imposed until at least thrusday. Now Tsipras is forced to not dissapoint the Greek people. If Tsipras gives in a little bit too much in the negotations he's done. If Tsipras fucks it up and they see themselves out of the Euro, he's also done (most Greeks dont want to be out of the Eurozone). Extremely hard situation for him and his team.

Yep. I drew the same conclusions. If the Greek people suffer further, lets say imports are temporarily restricted due to capital controls, who will they blame? Europe or Tsipras? They will be left begging for a terrible debt restructuring deal. Or they will work together for the good of the people (less likely imo).

[GreenStox]

Good job GREECE! Please buy Bitcoins, because the banks will loot all your money, pensions and other savings. It will be a big bank run in the next few days, but if you are smart greeks, then get your money under the pillow and buy bitcoin with it!!!!

[rayhan]

Greece has defaulted now. It's been thrown out of the Eurozone. What else is left to discuss? The aftermath that follows . I'm sure , had the country been US or UK , the hype would've been much much lesser. The rich people would've shut down the scams in the name of capitalism and be done with it. I see Greece as a noble country.

[n2004al]

Greece has defaulted now. It's been thrown out of the Eurozone. What else is left to discuss? The aftermath that follows . I'm sure , had the country been US or UK , the hype would've been much much lesser. The rich people would've shut down the scams in the name of capitalism and be done with it. I see Greece as a noble country.

It hasn't happened yet. When it happens i'll believe (Greece being kicked out of the Eurozone). The negotiations are still happening, today we'll get more nights at new, it seems Tsipras is giving up some space for things to happen, but no matter what happens, the Greeks are fucked. If they default and go out of the euro with their own currency or if they stay within the euro, a long bad period awaits them.

Tsipras will never be able to build or present a real applicable fair plan to conduct Greece in a wealthy way of living without crisis. Tsipras is a demagogue that present plans founded in words and demagogy and not in facts and figures. He think without having in mind the (all) reality but the (supposed) reality came from his ideology.

[Swordsoffreedom]

Well it looks like Greece has sents its proposal to the EU for scrutiny
We will see their response to it on Sunday
http://www.bbc.co.uk/news/world-europe-33472699

[greBit]

Greece has defaulted now. It's been thrown out of the Eurozone. What else is left to discuss? The aftermath that follows . I'm sure , had the country been US or UK , the hype would've been much much lesser. The rich people would've shut down the scams in the name of capitalism and be done with it. I see Greece as a noble country.

Greece, if wants so stay in the eurozone, has sent a deal to them revising the deal and ensuring things work out for both the parties, which translates to giving Greece more money and still being friends with them and inviting them to parties, and if the deal is rejected, Greece gets thrown out and bleeds to death on the porch. Isn't much left out of Greece to rescue from, let the country learn from its mistakes and come strong a few years later.

[JackH]

Looks like tomorrow is it! The plan either works of Greece is out of the Eurozone. If they get kicked, they are going back to worthless Drachma. It will be the best chance Bitcoin has ever had to get a foot in the door and grab some business from the Drachma.

[newb4now]

Looks like tomorrow is it! The plan either works of Greece is out of the Eurozone. If they get kicked, they are going back to worthless Drachma. It will be the best chance Bitcoin has ever had to get a foot in the door and grab some business from the Drachma.

In order for BTC to help pick up the pieces, it needs to be none.

According to the number of active nodes in Greece, not many people there know about it yet.

We need some high profile people in Greece to start talking about bitcoin in order for it to be noticed

Many people in Greece with money have already made prior arrangements. Most of the poor or middle class have no access to money to buy btc anyway

Bitcoin is better at protecting people from a crisis like this if they prepare in advance. It will not save people now that their bank assets are already frozen

[deisik]

Looks like tomorrow is it! The plan either works of Greece is out of the Eurozone. If they get kicked, they are going back to worthless Drachma. It will be the best chance Bitcoin has ever had to get a foot in the door and grab some business from the Drachma.

In order for BTC to help pick up the pieces, it needs to be none.

According to the number of active nodes in Greece, not many people there know about it yet.

We need some high profile people in Greece to start talking about bitcoin in order for it to be noticed

Many people in Greece with money have already made prior arrangements. Most of the poor or middle class have no access to money to buy btc anyway

Bitcoin is better at protecting people from a crisis like this if they prepare in advance. It will not save people now that their bank assets are already frozen

I'm curious how you picture it protecting people from such crises at the moment when you can't spend bitcoins directly. You would still have to exchange Bitcoin for some local currency you can buy foods and other basic goods with. Now that the bank system is paralyzed, what could you do with bitcoins only. Maybe, pay for online porno (don't know if they actually accept BTC)?

Bitcoin, as of now, is essentially a parasite on the existing financial system (that of fiat)