Grexit

[countryfree]

It seems Greece are never able to pay back on time and always ask for bailout! It cannot be like this forever! But it seems they fall in this dilema, creditors have to extend the loan and bailout Greece otherwise Greece will default!

Allow them to generate the tax revenue, and then they will be able to pay back their debts. The Greek agricultural, real estate, and the tourism sectors have all been hit hard by the EU sanctions on Russia. Their industrial sector is in shambles, due to the tax increases. Exclude Greece from the EU sanctions on Russia, and allow the construction of the Turkish Stream on Greek territory. Slowly, the Greeks will be able to repay their loans.

The Greek debt is not sustainable because the interest on it is super high and compounded..It has to be restructured, like the allies did for Germany after ww2 and wiped off a shit load of it that's how the German economy took off. Basically the Germans got rewarded for causing the the 2nd world war and the deaths of millions..I like Germans don't get me wrong, Greeks can learn from the discipline of German culture but Greeks should get the same respite as the Germans then that is fair play.. THE EU ruined the Greek economy, along with corrupt and overspending Greek politicians so those politicians that ruined the country should be put on trial as criminals and the Greek debt restructured first..

The Greek debt has already been hugely restructured a few years ago, and there was hope at the time that Greece would learn from Germany and other countries with good managers at the helm, but our hopes have faded. Has that Tsipras guy done anything to improve tax collection? Or to bring to justice previous corrupt Greek politicians? What has he done besides insulting his bankers, saying debts are a shame and asking for more time?

Greece ruined itself. Alone. It fully deserves to suffer from its wrongdoing.

[wpalczynski]

The bankers and politicians ruined it.  The people do not deserve to suffer.

[mr.coinstrader]

Not only the banks, Western Union closed in Greece for 6 days.
http://www.bizjournals.com/denver/news/2015/06/29/western-union-closes-in-greece-for-a-week.html

[chryspano]

I will vote "NO' for revenge.

Revenge for what? For not getting money for free?

Apart from that it will not be revenge it will be a great relief for the rest of the Eurozone, because then it's finally clear that the Greek people do not want to stay and therefore do not need more support.

Hopefully this outright childish comedy comes to an end soon.

ya.ya.yo!

The only ones that got free money are German French and Greek banks, wake up!

[qiwoman2]

The bankers and politicians ruined it.  The people do not deserve to suffer.

AND WALL ST, yet these criminals lay unchecked..Obama was supposed to come down hard and start regulating Wall ST but when he came to power he got sold out..At least ALEXIS TSIPRAS has the balls to stand down if the the peeps vote YES in the referendum and he said openly on the greek telly last night he will not sit there and serve a corporate agenda to undemine democracy..Yes the previous parties were so corrupt, along with the wall st bankers they ruined Greece so they should pay the price!!! They should go on trial.. I do agree though that Greeks need to learn better money management and try to live without borrowing.. I also beleive they should get the same fair treatment Germany and Japan got after ww2 and be paid back the money they are owed by Germany. 

[jubalix]

I think the moves of Greek PM are smart

[1] Delegated decision by referendum which says to EU negotiators....you cannot go against democracy

[2] By doing [1] He exculpates himself from blame

[3] He is threatening to Sue the the EU/EU Bank itself, which could really string things out. It may be unlawful eg you can't seek to destroy part of your EU union. At any rate this could keep the life line open for ages if the injunction works. It will also allow an out for the negotiators.

[4] What  I don't get is why doesn't Greece just print a whole load of euros and give them out. Print them Identical to all other Euro's. That would fix it by spread.

[qiwoman2]

MY SOLUTION FOR GREECE:
1. VOTE NO IN THE REFERENDUM..
2. CREATE THEIR OWN DIGITAL CURRENCY BACKED BY PUBLIC AND PRIVATE ASSETS..
3. SEND HALF OF THE POPULATION OF THE BIG CITIES WHO HAVE NO JOBS AND INTO THE COUNTRYSIDE OPENING KIBBUTZ / COOPERATIVE STYLE MINI VILLAGES..
4. CREATE COOPS SO EVERYONE WORKING HAS A SAY AND A DIRECT OWNERSHIP/PART OF PROFITS OF ALL INDUSTRIES ETC..
5. OPEN A COOPERATIVE BANK AS A CENTRAL BANK THAT AGAIN IS OWNED BY THE WHOLE NATION SO AS IT GETS
PROFITABLE THE ROI IS SHARED AMONG THE WHOLE NATION..also generating more jobs, mini cooperative, semi resource based/cooperative economy.
6. BUILD INFRASTRUCTURE ECO FRIENDLY more cheaper than normal concrete shit that is both uneconomical and stupid..so EVERY FAMILY IS HOUSED AND FED..
7. ALL THE GREEKS THAT BETRAYED THEIR COUNTRY BY TAKING OUT HOARDS OF BLACK MONEY INCLUDING PAST GOVERNMENT OFFICIALS SHOULD GET THEIR ASSETS FROZEN AND BE PUT ON TRIAL FOR CRIMES AGAINST HUMANITY.
8. EDUCATION ON SOUND FISCAL POLICY AND MONEY MANAGEMENT , MANDATORY IN ALL SCHOOLS AND KIDS SHOULD BE TAUGHT TO SAVE AND LIVE WITHIN THEIR MEANS..NO BORROWING..
9. EDUCATION IN SCHOOLS ON LEARNING TO BE USEFUL IN SOCIETY AND RESOURCEFUL..MANDATORY ALSO FOR ADULTS TO DO 2 HOURS COMMUNITY SERVICE IF THEY ARE PHYSICALLY ABLE AND IF WEALTHY ENOUGH TO CONTRIBUTE A LITTLE SOMETHING TO THE COMMON GOOD TOG ET THE COUNTRY ON ITS FEET..

Sorry for the caps but that is just my blueprint for a sound resourceful economy that is sustainable and fair..

[Amph]

The bankers and politicians ruined it.  The people do not deserve to suffer.

well this world was never built around justice, for the fault of few many will have to suffer, it was always like, that and never will change, as long as we keep living in a centralized world

one could argue that a decentralized world may bring to many criminal because of the no-rule, but those criminal are criminal for one reason, because they are poor in most of the case

the poverty(not always, but in the majority of the cases) is what transform a good person in a bad person

[bryant.coleman]

7. ALL THE GREEKS THAT BETRAYED THEIR COUNTRY BY TAKING OUT HOARDS OF BLACK MONEY INCLUDING PAST GOVERNMENT OFFICIALS SHOULD GET THEIR ASSETS FROZEN AND BE PUT ON TRIAL FOR CRIMES AGAINST HUMANITY.

No practical at all. Most of the thieves have fled to safe havens in other EU nations, such as the United Kingdom and Switzerland. Recently, there was a big jump in property purchases by Greek citizens in London. And it won't be easy to freeze their assets as well. Most of them have moved their assets to various tax havens around the world, with the support from Goldman Sucks and other banks.

[NeuroticFish]

9. EDUCATION IN SCHOOLS ON LEARNING TO BE USEFUL IN SOCIETY AND RESOURCEFUL..MANDATORY ALSO FOR ADULTS TO DO 2 HOURS COMMUNITY SERVICE IF THEY ARE PHYSICALLY ABLE AND IF WEALTHY ENOUGH TO CONTRIBUTE A LITTLE SOMETHING TO THE COMMON GOOD TOG ET THE COUNTRY ON ITS FEET..

The most vocal greeks are very unhappy to get a little less money and continue to do nothing and you propose to those to.... work?! Really??

[Miracal]

Grexit is inevitable, it is coming and it will come hard. The greek has to exit. How long can they escape by these bail outs? It will be a wise advise to not borrow more just to pay back your borrowings. It is a major rule of how to not fuck yourself up 101

[Erdogan]

Grexit , Brexit and Texasexit... 

... Puerto Rexit

[Erdogan]

MY SOLUTION FOR GREECE:
1. VOTE NO IN THE REFERENDUM..
2. CREATE THEIR OWN DIGITAL CURRENCY BACKED BY PUBLIC AND PRIVATE ASSETS..
3. SEND HALF OF THE POPULATION OF THE BIG CITIES WHO HAVE NO JOBS AND INTO THE COUNTRYSIDE OPENING KIBBUTZ / COOPERATIVE STYLE MINI VILLAGES..
4. CREATE COOPS SO EVERYONE WORKING HAS A SAY AND A DIRECT OWNERSHIP/PART OF PROFITS OF ALL INDUSTRIES ETC..
5. OPEN A COOPERATIVE BANK AS A CENTRAL BANK THAT AGAIN IS OWNED BY THE WHOLE NATION SO AS IT GETS
PROFITABLE THE ROI IS SHARED AMONG THE WHOLE NATION..also generating more jobs, mini cooperative, semi resource based/cooperative economy.
6. BUILD INFRASTRUCTURE ECO FRIENDLY more cheaper than normal concrete shit that is both uneconomical and stupid..so EVERY FAMILY IS HOUSED AND FED..
7. ALL THE GREEKS THAT BETRAYED THEIR COUNTRY BY TAKING OUT HOARDS OF BLACK MONEY INCLUDING PAST GOVERNMENT OFFICIALS SHOULD GET THEIR ASSETS FROZEN AND BE PUT ON TRIAL FOR CRIMES AGAINST HUMANITY.
8. EDUCATION ON SOUND FISCAL POLICY AND MONEY MANAGEMENT , MANDATORY IN ALL SCHOOLS AND KIDS SHOULD BE TAUGHT TO SAVE AND LIVE WITHIN THEIR MEANS..NO BORROWING..
9. EDUCATION IN SCHOOLS ON LEARNING TO BE USEFUL IN SOCIETY AND RESOURCEFUL..MANDATORY ALSO FOR ADULTS TO DO 2 HOURS COMMUNITY SERVICE IF THEY ARE PHYSICALLY ABLE AND IF WEALTHY ENOUGH TO CONTRIBUTE A LITTLE SOMETHING TO THE COMMON GOOD TOG ET THE COUNTRY ON ITS FEET..

Sorry for the caps but that is just my blueprint for a sound resourceful economy that is sustainable and fair..

Khmer Rouge style.

[jubalix]

yeah but the "brexit" will be because the pound >>>EU.

I am so glad the UK never entered with the EU best decision ever. Hopefully the UK/England will leave the EU. The UK can do much much better alone.

[cbeast]

yeah but the "brexit" will be because the pound >>>EU.

I am so glad the UK never entered with the EU best decision ever. Hopefully the UK/England will leave the EU. The UK can do much much better alone.

So you think TTIP will be any better?

[yayayo]

MY SOLUTION FOR GREECE:

[SOME UPPERCASE COMMANDS]

Sorry for the caps but that is just my blueprint for a sound resourceful economy that is sustainable and fair..

Khmer Rouge style.

Thought the same.

Greeks really seem to like living under a communist dictatorship... how about showing some personal initiative (start some business)?

The greedy banks, politicians, rich Greeks and what not are only the most shiny examples of a whole nation accustomed to central planning and corruption. Instead of blaming others it would be very healthy for the Greek people to start thinking about their own behavior.

ya.ya.yo!

[NeuroticFish]

Greeks really seem to like living under a communist dictatorship... how about showing some personal initiative (start some business)?

There are the Greeks that have businesses (usually tourism related) which may be to blame only for not paying taxes, but I will not blame them.
And there are the Greeks that found out that "working" inside the budgetary machine means more money and less work. These are the ones which voted for the extremists that promised to protect their way of living.

The result is indeed, some sort of communist dictatorship which is lying them telling it's democracy.

[HarHarHar9965]

Guys, the European leaders insist that there is no longer any serious risk from contagion now that the EMU bail-out fund (ESM) is in place and the ECB has full power to act as a lender of last resort, if necessary by buying the bonds of vulnerable states on a mass scale.

[qiwoman2]

MY SOLUTION FOR GREECE:

[SOME UPPERCASE COMMANDS]

Sorry for the caps but that is just my blueprint for a sound resourceful economy that is sustainable and fair..

Khmer Rouge style.

Thought the same.

Greeks really seem to like living under a communist dictatorship... how about showing some personal initiative (start some business)?

The greedy banks, politicians, rich Greeks and what not are only the most shiny examples of a whole nation accustomed to central planning and corruption. Instead of blaming others it would be very healthy for the Greek people to start thinking about their own behavior.

ya.ya.yo!

This is what I was saying, in a cooperative it's not a state owned dictatorship / communist thing..it means EVERYONE owns the company and businesses and so EVERYONE GETS RICH..Take this prime example in China..each family has at least a 250k usd dollar house, cars and they get paid in wages AND DIVIDENDS lol.. So instead of just the 1% owning more than the 99% ..EVERYONE IS PROSPEROUS..

https://www.youtube.com/watch?v=eHI8KzdpR8Q

This is a perfect example of how socialism and free enterprise can work hand in hand to make all the population wealthy.. I myself would jsut change the model a bit to a 100% eco friendly setting with 0 energy homes etc to make it more sustainable..

 






By the way @Erdogan..I have been to Turkey 3 times and Northern Cyprus twice and I find Greeks and Turks have more in common than they have differences ..

Karadeniz coz seviyorum..

I been to Rize, Kalkandere too..love the music and horon..

Thbis song makes me cry..I love pontian/karadeniz/laz music

https://www.youtube.com/watch?v=Lxp9pksHYr8

[bryant.coleman]

I am so glad the UK never entered with the EU best decision ever. Hopefully the UK/England will leave the EU. The UK can do much much better alone.

Right now the United Kingdom is playing second fiddle to Germany in the European Union. All the major decisions are taken by Germany (and to a certain extent France), with the UK being completely sidelined. A good example is the recent migrant crisis in the Mediterranean. I can’t see any major benefits for the Brits from their EU membership.