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Author Topic: Grexit  (Read 8139 times)
JohanM
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July 05, 2015, 06:41:00 PM
 #161

It will be rude awakening tomorrow when the ECB decides not to raise the ELA level.
Tomorrow is the last day that Euro's will come out of Greek ATM machines.
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July 05, 2015, 06:48:15 PM
 #162

It will be rude awakening tomorrow when the ECB decides not to raise the ELA level.
Tomorrow is the last day that Euro's will come out of Greek ATM machines.
I am very curious to see what will happen now. This situation is a precedent, it will be in history books in the future as the first step of European Union collapse.
I wonder if Euro will lose its value now. Greece economy is not important in the grand scheme of things but people might panic. And look at the BTC price rise!
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July 05, 2015, 06:53:50 PM
 #163

I am very curious to see what will happen now..

I can tell you my opinion:)

ECB will stop supporting Greece banks and Greeks will start printing own and one of the oldest currency again - Drachma. This is amazing impulse for every anti-euro guys (Jean-Marie Le Pen in FR or UKIP in UK). There may be also new Schengen border..

amazing times.
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July 05, 2015, 07:09:56 PM
 #164

I am very curious to see what will happen now..

I can tell you my opinion:)

ECB will stop supporting Greece banks and Greeks will start printing own and one of the oldest currency again - Drachma. This is amazing impulse for every anti-euro guys (Jean-Marie Le Pen in FR or UKIP in UK). There may be also new Schengen border..

amazing times.

This is not automatic.

I think the Greeks showed the EU that nothing can be pushed too much.

We shall see.

Good luck to them: they need it.
JohanM
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July 05, 2015, 08:19:41 PM
Last edit: July 05, 2015, 08:41:25 PM by JohanM
 #165

I think the Greeks showed the EU that nothing can be pushed too much.

Just the opposite. It's not the EU that has no time left.
When ECB will not raise ELA tomorrow, banks and the government will have no more cash in 1 or 2 days.
So no more withdrawels from your account, no more pensions/government salaries will be paid, no more food/gasoline/... will enter the country. Tourists will leave because the hotels won't be able to provide food. Even Credit card companies could stop processing transactions inside Greece.
How long do you suppose the Greek government will survive that? 1 week, 2 weeks ??

You don't really expect EVERY European politician will roll over because of this vote ?
The Greek voted no to Europe so Europe will simply stop funding Greece.
It's been made very clear to the Greek that this was the outcome when voting no.

As EU we should automatically block all Greek bank accounts everywhere in Europe, and preferably also in Switserland.
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July 05, 2015, 08:35:57 PM
 #166

Europe wont let greece bailout, if greece cannot pay there dept to the ECB the ECB will be technical bankrupt.

With the ECB bankrupt europe will fall. Plus if greece will leave europe there will be more countries to follow (like spain).

V for Varoufakis
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July 05, 2015, 08:58:44 PM
 #167

EU is "dead" now. I told you. Dont fuck with communists. We have no God.
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July 05, 2015, 09:08:41 PM
Last edit: July 05, 2015, 09:27:29 PM by macsga
 #168

I think the Greeks showed the EU that nothing can be pushed too much.

Just the opposite. It's not the EU that has no time left.
When ECB will not raise ELA tomorrow, banks and the government will have no more cash in 1 or 2 days.
So no more withdrawels from your account, no more pensions/government salaries will be paid, no more food/gasoline/... will enter the country. Tourists will leave because the hotels won't be able to provide food. Even Credit card companies could stop processing transactions inside Greece.
How long do you suppose the Greek government will survive that? 1 week, 2 weeks ??

You don't really expect EVERY European politician will roll over because of this vote ?
The Greek voted no to Europe so Europe will simply stop funding Greece.
It's been made very clear to the Greek that this was the outcome when voting no.

As EU we should automatically block all Greek bank accounts everywhere in Europe, and preferably also in Switserland.

What a great text; very bright new ideas! I find this attitude of yours pretty democratic; solidarity excels from your phrases while your thesis represents every single human into the EU. Let me ask a naive question though since your mental abilities clearly overcome mine.

Do you think this is the way things should go from now on? A regional entity that was created with the idea of economic growth, equality, exchange of ideas should work this thing out like this? Should the EU just ignore the democratic demand of 62% of a member state? Pardon my ignorance but I fail to comprehend how this could work out this time, the next time and so forth...

PS:
Congrats JohanM. You're a true EU believer!
PS2:
Is it true that Germany forced 3000eur as max daily withdrawal since Friday? Tick Tock Johan. Tick Tock...
PS3:

Chaos could be a form of intelligence we cannot yet understand its complexity.
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July 05, 2015, 09:24:32 PM
 #169

I think the Greeks showed the EU that nothing can be pushed too much.

Just the opposite. It's not the EU that has no time left.
When ECB will not raise ELA tomorrow, banks and the government will have no more cash in 1 or 2 days.
So no more withdrawels from your account, no more pensions/government salaries will be paid, no more food/gasoline/... will enter the country. Tourists will leave because the hotels won't be able to provide food. Even Credit card companies could stop processing transactions inside Greece.
How long do you suppose the Greek government will survive that? 1 week, 2 weeks ??

You don't really expect EVERY European politician will roll over because of this vote ?
The Greek voted no to Europe so Europe will simply stop funding Greece.
It's been made very clear to the Greek that this was the outcome when voting no.

As EU we should automatically block all Greek bank accounts everywhere in Europe, and preferably also in Switserland.

What a great text; very bright new ideas! I find this attitude of yours pretty democratic; solidarity excels from your phrases while your thesis represents every single human into the EU. Let me ask a naive question though since your mental abilities clearly overcome mine.

Do you think this is the way things should go from now on? A regional entity that was created with the idea of economic growth, equality, exchange of ideas should work this thing out like this? Should the EU just ignore the democratic demand of 62% of a member state? Pardon my ignorance but I fail to comprehend how this could work out this time, the next time and so forth...

PS:
Congrats JohanM. You're a true EU believer!
PS2:
Is it true that Germany forced 3000eur as max daily withdrawal since Friday? Tick Tock Johan. Tick Tock...


 I thought the Euro trash Union was supposed to be a Europe exchanging ideas and bridging gaps, all I see is a few Elite technocrats trying to impose their will and undermine the sovereignty of the peripheral member states..Greeks tonight stood up to the bullying and martin schulz couldn't hack it..Antonis Smaras of the ND party just resigned, take that Mr Wolfgang_Schäuble! If Greece does a Grexit it will be because it won't want to be a part of a stuffy technocratic, undemocratic Europe..Greece invented the word Europe lol so Greece can CHUCK THE EURO ZONE OUT OF GREECE, not vice versa rofl.. Grin Grin


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macsga
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July 05, 2015, 09:57:57 PM
 #170



No further comments...  Grin

Chaos could be a form of intelligence we cannot yet understand its complexity.
acquafredda
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July 05, 2015, 10:03:27 PM
 #171

I think the Greeks showed the EU that nothing can be pushed too much.

Just the opposite. It's not the EU that has no time left.
When ECB will not raise ELA tomorrow, banks and the government will have no more cash in 1 or 2 days.
So no more withdrawels from your account, no more pensions/government salaries will be paid, no more food/gasoline/... will enter the country. Tourists will leave because the hotels won't be able to provide food. Even Credit card companies could stop processing transactions inside Greece.
How long do you suppose the Greek government will survive that? 1 week, 2 weeks ??

You don't really expect EVERY European politician will roll over because of this vote ?
The Greek voted no to Europe so Europe will simply stop funding Greece.
It's been made very clear to the Greek that this was the outcome when voting no.

As EU we should automatically block all Greek bank accounts everywhere in Europe, and preferably also in Switserland.

What a great text; very bright new ideas! I find this attitude of yours pretty democratic; solidarity excels from your phrases while your thesis represents every single human into the EU. Let me ask a naive question though since your mental abilities clearly overcome mine.

Do you think this is the way things should go from now on? A regional entity that was created with the idea of economic growth, equality, exchange of ideas should work this thing out like this? Should the EU just ignore the democratic demand of 62% of a member state? Pardon my ignorance but I fail to comprehend how this could work out this time, the next time and so forth...

PS:
Congrats JohanM. You're a true EU believer!
PS2:
Is it true that Germany forced 3000eur as max daily withdrawal since Friday? Tick Tock Johan. Tick Tock...
PS3:


Thank you macsga I was going to reply similarly.

Anyway we shall see in the next days. I do think that this vote is historical because, as I said, it's the first time since the EU that a population refuse to follow blindly what the EU says. And I'm sorry but a part from the freedom of movement there's nothing good coming from the EU instituition.
macsga
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July 05, 2015, 10:20:36 PM
 #172

Thank you macsga I was going to reply similarly.

Anyway we shall see in the next days. I do think that this vote is historical because, as I said, it's the first time since the EU that a population refuse to follow blindly what the EU says. And I'm sorry but a part from the freedom of movement there's nothing good coming from the EU instituition.

Well, this has to change. Change is always coming from the people who have the ability to think differently than the masses; the missfits. Directives are being carved by circumstance to face specific situations. This is the case we have now in our hands. A brand new situation. We have a region that is being governed by officials that for the last 5 years all they did is wrong.

We as Greeks today voted for a "No" to the austerity measures proposed by ECB/IMF/EU last week (I leave aside the fact that they took it back just when the referendum had been announced). Now, us the 62% of the Greeks we have to ask a new question to the EU officials:

Do we want a better Europe?

If the answer is "Yes", then Greece will be the one to introduce the "how we build it" directives. If the answer is "No" I'm afraid Greece will have to work itself out of there ASAP. We didn't want and we didn't sign for such a coalition... and I'm sure it will be better off alone.

PS: Thanks for your kind words.

Chaos could be a form of intelligence we cannot yet understand its complexity.
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July 05, 2015, 10:48:11 PM
 #173

What if Greek banks start to print euro? 50 billion a month? Cheesy

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July 05, 2015, 11:01:30 PM
 #174

Thank you macsga I was going to reply similarly.

Anyway we shall see in the next days. I do think that this vote is historical because, as I said, it's the first time since the EU that a population refuse to follow blindly what the EU says. And I'm sorry but a part from the freedom of movement there's nothing good coming from the EU instituition.

Well, this has to change. Change is always coming from the people who have the ability to think differently than the masses; the missfits. Directives are being carved by circumstance to face specific situations. This is the case we have now in our hands. A brand new situation. We have a region that is being governed by officials that for the last 5 years all they did is wrong.

We as Greeks today voted for a "No" to the austerity measures proposed by ECB/IMF/EU last week (I leave aside the fact that they took it back just when the referendum had been announced). Now, us the 62% of the Greeks we have to ask a new question to the EU officials:

Do we want a better Europe?

If the answer is "Yes", then Greece will be the one to introduce the "how we build it" directives. If the answer is "No" I'm afraid Greece will have to work itself out of there ASAP. We didn't want and we didn't sign for such a coalition... and I'm sure it will be better off alone.

PS: Thanks for your kind words.

Since 2010 greek goverments (PASOK & Nea Dimokratia) were nothing more than "YES Sir".

This is now changed! Greek goverment has the power to say an official BIG "NO" to the austerity measures proposed by the IMF and change the negotiation tactics. ECB will HAVE to raise ELA first thing tomorrow morning, and EuroGroup will have to make new decisions regarding the future of EU.

Simple as that.

I salute the people of Greece for their vote. Once again, they teach a lesson to the people of Europe.
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July 06, 2015, 07:40:58 AM
 #175

What if Greek banks start to print euro? 50 billion a month? Cheesy

i don't think they, can it would look like false euro, i'm sure that, they don't have the right printing machine for those, the right machine is in the ECB, otherwise every country in the EU would print euro for itself, it would look like a giant scam

not that it isn't already...
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July 06, 2015, 08:35:18 AM
 #176



No further comments...  Grin

Cheesy Cheesy Cheesy
Awesome!
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July 06, 2015, 09:37:41 AM
 #177

Quote
When written in Chinese, the word 'crisis' is composed of two characters. One represents danger and the other represents opportunity.
John F. Kennedy

This is were we are now.

And for those of you who don't know The word crisis comes from ancient greek.

Everything shall start again from where it began.
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July 06, 2015, 09:42:02 AM
 #178

Thank you macsga I was going to reply similarly.

Anyway we shall see in the next days. I do think that this vote is historical because, as I said, it's the first time since the EU that a population refuse to follow blindly what the EU says. And I'm sorry but a part from the freedom of movement there's nothing good coming from the EU instituition.

Well, this has to change. Change is always coming from the people who have the ability to think differently than the masses; the missfits. Directives are being carved by circumstance to face specific situations. This is the case we have now in our hands. A brand new situation. We have a region that is being governed by officials that for the last 5 years all they did is wrong.

We as Greeks today voted for a "No" to the austerity measures proposed by ECB/IMF/EU last week (I leave aside the fact that they took it back just when the referendum had been announced). Now, us the 62% of the Greeks we have to ask a new question to the EU officials:

Do we want a better Europe?

If the answer is "Yes", then Greece will be the one to introduce the "how we build it" directives. If the answer is "No" I'm afraid Greece will have to work itself out of there ASAP. We didn't want and we didn't sign for such a coalition... and I'm sure it will be better off alone.

PS: Thanks for your kind words.

Since 2010 greek goverments (PASOK & Nea Dimokratia) were nothing more than "YES Sir".

This is now changed! Greek goverment has the power to say an official BIG "NO" to the austerity measures proposed by the IMF and change the negotiation tactics. ECB will HAVE to raise ELA first thing tomorrow morning, and EuroGroup will have to make new decisions regarding the future of EU.

Simple as that.

I salute the people of Greece for their vote. Once again, they teach a lesson to the people of Europe.

Maybe. But someone should also teach them a lesson. Their way how they live and run the country is no longer possible.

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July 06, 2015, 09:42:49 AM
 #179

What if Greek banks start to print euro? 50 billion a month? Cheesy

As per the European Union rules and regulations, the National Bank of Greece has the right to print/mint Euro banknotes and coins, just like all the other national central banks in the EU. However, this does not mean that they can print any amount of Euros as they want. They can print only as many notes, as the Emergency Liquidity Assistance (ELA) allows.  
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July 06, 2015, 10:41:57 AM
 #180

Yes the IMF is desperate to get their hands on their money owed so they are trying hard to get everyone round the table for talks again so that they gradually get what they want and benefit themselves

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