Grexit

[jjacob]

When do the polls close and when will we know?

Polls will close at 19:00 Athens timezone http://www.timeanddate.com/worldclock/greece/athens and I believe we will know 1-2 hours afterwards

It will be an interesting day.
I'm fairly confident it will be a vote against the Euro their will be an exit poll so it will give some sentiment during the day but seeing as it will be close either way we really may not know until a few hours after.

The older guys have seen the depreciation of drachma.
It isn't going to be easy to decide to go back.

[chryspano]

The older guys have seen the depreciation of drachma.
It isn't going to be easy to decide to go back.

I'm not so sure about that...



http://www.zerohedge.com/news/2015-07-04/why-euro-finished


But in any case this voting has nothing to do with Euro or Drachma,  Europe or out of Europe, those dilemas are brought up  by the old corrupt politicians in Greece and the media in Greece that suport them in order to scare the voters(also lets not forget ECB and lots of European politicians that decided to intervene in favor of "Yes" in an attemp to remove Tripras from power, that was their plan from day one! The economic strangle of Greece until people revolt against Tsipras, my estimation is that they failed.)

[bryant.coleman]

One of the strangest referendums I have ever heard about in my entire life. Two extreme-right parties (Xρυσή Aυγή and Aνεξάρτητoι Έλληνες) and one extreme-left party (ΣYPIZA) supporting the NO vote, while all the mainstream parties supporting the YES camp. The first example of the extreme right and the extreme left coming together in Greece.  

[chryspano]

One of the strangest referendums I have ever heard about in my entire life. Two extreme-right parties (Xρυσή Aυγή and Aνεξάρτητoι Έλληνες) and one extreme-left party (ΣYPIZA) supporting the NO vote, while all the mainstream parties supporting the YES camp. The first example of the extreme right and the extreme left coming together in Greece.  

ΣYPIZA an extreme-left party? LOL
at most you can call them a left party and that's all.

 

[HarHarHar9965]

no, just no. its only 90 billion over 5 years - tbh. that is more or less just pocketchange for the german state.
this here is about credibility and reliability of the EURO and the eurozone.

Do you think that €90 billion is a pocket change for Germany?

Definitely not. Even for the United States, €90 billion would have been a significant amount of money. Do you know that the total German tax revenues are around €330 billion per year? If they lose €90 billion, then it will represent a black hole of 6% of their tax revenues, for a period of five years. This will wipe-out the German budget surplus, and will start a recession in Germany.

'just 90BILLION EUROS'. Are you kidding me? Exactly, it would create a black hole in their economy. A period of 5years or maybe more, the recession would hit Germany because of the loss of this huge sum of money. It is a big amount for all countries, man. if a country is not making good use of its surplus budget, it is indirectly loss for them too.

Singapore accounts a really good amount of surplus from their economy, they are making good use of their financial resources but still, their balance ends up in surplus because of the money they receive from tourism. It is nice to have an economy like Singapore because it is also somehow easier to manage. I don't see them going into 'an indirect loss'

[qiwoman2]

The older guys have seen the depreciation of drachma.
It isn't going to be easy to decide to go back.

I'm not so sure about that...



http://www.zerohedge.com/news/2015-07-04/why-euro-finished


But in any case this voting has nothing to do with Euro or Drachma,  Europe or out of Europe, those dilemas are brought up  by the old corrupt politicians in Greece and the media in Greece that suport them in order to scare the voters(also lets not forget ECB and lots of European politicians that decided to intervene in favor of "Yes" in an attemp to remove Tripras from power, that was their plan from day one! The economic strangle of Greece until people revolt against Tsipras, my estimation is that they failed.)

I sincerely hope that the people of Greece have brains and don't give into the blackmail, do you even know that LEROY MERLIN among other corporations have blackmailed their workers that if they vote yes they will be fired or their wages docked? Scaremongering tactics is all over the mass media, sky, antenna, mega, star and the only objective channel is ERT lol so there is a lot of pressure unless the Greeks start really thinking of new solutions, they will be like sheep lead to the slaughter house..I hope they wake up tonight.. I even knew it that as soon as TSIPRAS came to power the powers that be wanted to topple the SYRIZA govt because they are afraid of the ripple effect it would have on the rest of Europe..THE SO CALLED CONTAGION the EUROTRASH Masters talk about is NOT THE GREXIT but the SYRIZA govt..and the Greek People's will..

[bryant.coleman]

All the 4 exit polls giving NO a 3% to 4% lead.



The BBC is going ballistic against the Greeks and Tsiparas, saying that Tsiparas has lost all the trust and arguing that the referendum question was not clear.   One of the BBC analysts says that since the difference between the YES and the NO camp is just around 4%, the referendum results should not be given any importance. Pathetic losers.

[locopao]

Gap between No & Yes will be more than 4%.

"No" will probably reach the 55-58% by the end of the night

Cheers

[chryspano]

The new estimation is
61% NO
39% Yes

with 19,8% of total votes counted so far.

[bryant.coleman]

Gap between No & Yes will be more than 4%.

"No" will probably reach the 55-58% by the end of the night

More than 20% of the votes have been counted and the NO camp has absolutely demolished the YES camp. NO is currently polling 60.49%, and the YES is going at 39.51%. That means that the YES camp is behind by some 21 points, rather than by 3 or 4 points as predicted by most of the opinion polls and the exit polls.  

[criptix]

Seems we will wake up in a new europe tommorow

[RustyNomad]

Below is a link to the website with the live results

http://ekloges.ypes.gr/current/e/public/index.html?lang=en#%7B%22cls%22:%22main%22,%22params%22:%7B%7D%7D

[Xialla]

Seems we will wake up in a new europe tommorow

"EU project is now dying. It’s fantastic to see the courage of the Greek people in the face of political and economic bullying from Brussels."

source: https://twitter.com/Nigel_Farage/status/617731260740411392

and he is just right as always. hopefully, this stupid EU project just start disbanding and other similar news will follow..finally.

[LiteCoinGuy]

OXI won!

hopefully they will leave the EuroZone now...

[ajareselde]

Seems we will wake up in a new europe tommorow

"EU project is now dying. It’s fantastic to see the courage of the Greek people in the face of political and economic bullying from Brussels."

source: https://twitter.com/Nigel_Farage/status/617731260740411392

and he is just right as always. hopefully, this stupid EU project just start disbanding and other similar news will follow..finally.

Everyone reserves the right to an opinion, but there's nothing brave about Greeks leaving the EU, it's their irresponsibility that lead them to this point,
not the EU. Them leaving EU will only give them more problems, and no solutions to previous ones.

Anyways, other EU countries will be better off w/o Greece now, that's for sure

cheers

[bryant.coleman]

Seems we will wake up in a new europe tommorow

Sure. But it is really bad news, if you own equities or mutual funds. The stock markets are going to bleed tomorrow. The indices will crash, and trillions of USD in investor wealth will be wiped out. The Frankfurt Stock Exchange will be a toast tomorrow. Expect the DAX to dip by as much as 5% to 7%. Good time to do some short selling, if you ask me. 

[ajareselde]

Seems we will wake up in a new europe tommorow

Sure. But it is really bad news, if you own equities or mutual funds. The stock markets are going to bleed tomorrow. The indices will crash, and trillions of USD in investor wealth will be wiped out. The Frankfurt Stock Exchange will be a toast tomorrow. Expect the DAX to dip by as much as 5% to 7%. Good time to do some short selling, if you ask me. 

Bad news for stock market, good news for bitcoin hodlers. God knows where this could lead if we get insane post referendum pump and end up on news on TV screens of desperate and
scared people, who want to secure their funds 

cheers

[IIOII]

Seems we will wake up in a new europe tommorow

It will be the same continent and the same people. Just one country leaving the Euro-club is not the end of the world. The vote doesn't matter much, because Greece is simply insolvent. This fact can't be denied and ultimately determines the (bad) economic outcome.

[countryfree]

The older guys have seen the depreciation of drachma.
It isn't going to be easy to decide to go back.

I'm not so sure about that...



http://www.zerohedge.com/news/2015-07-04/why-euro-finished


But in any case this voting has nothing to do with Euro or Drachma,  Europe or out of Europe, those dilemas are brought up  by the old corrupt politicians in Greece and the media in Greece that suport them in order to scare the voters(also lets not forget ECB and lots of European politicians that decided to intervene in favor of "Yes" in an attemp to remove Tripras from power, that was their plan from day one! The economic strangle of Greece until people revolt against Tsipras, my estimation is that they failed.)

Depreciation of a currency and economic growth are 2 very different things. Greece hasn't seen any economic growth for several years, but the Euro has remained stable. If they go back to the drachma, that won't bring any economic growth, but that will definitely cause inflation. Who wants a drachma?

[macsga]

61%
NO

http://www.washingtonpost.com/business/the-latest-on-greece-polls-open-in-bailout-referendum/2015/07/05/95f5a04a-22cb-11e5-a135-935065bc30d0_story.html