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Author Topic: Your thoughts on Greece? What's the most likely outcome in your opinion?  (Read 1319 times)
alani123
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July 03, 2015, 01:31:40 AM
 #21

It seems like Greece is heading to the referendum no matter what. As a Greek myself I wonder what others think of the current situation the country is in.
I'm from the UK. Our media shows unhappy queues of people at banks complaining. Some say Tsipras is our saviour, others say he has lost all credibility. To be honest I don't know what it's like for you over there? Are you ok? Are you still able to get the food you want? Are you able to cook it at home? Is the electric still on? Do your taps still release drinking water? Is there violence on the street? Does the bank holiday mean you are off work? Are you worrying? Are you relaxed? I'd love to know.

We're doing ok from what I see. There are no notable riots, no violence on the streets. So I'm confident that the worst has been avoided (for now). Of course, there are capital controls imposed. There are some side effects by this as expected but luckily businesses, companies etc. still have the ability to work normally. Transfers within the country are allowed so we individuals can pay for the essentials with cards. Cash withdrawals are limited to 60 EUR per atm card per day. I'm mostly sad about the pensioners that didn't receive their full payment at the end of the month from the state. However, what's most concerning for me right now is the propaganda that is literally everywhere. I'm disappointed by both private media and the Government because they both fail to be objective about the referendum.There was some effort from the Government to give people the whole picture, but I just can't ignore the fact that Syriza is openly urging people to vote no.



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brekyrself
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July 03, 2015, 02:23:57 AM
 #22

It seems like Greece is heading to the referendum no matter what. As a Greek myself I wonder what others think of the current situation the country is in.
I'm from the UK. Our media shows unhappy queues of people at banks complaining. Some say Tsipras is our saviour, others say he has lost all credibility. To be honest I don't know what it's like for you over there? Are you ok? Are you still able to get the food you want? Are you able to cook it at home? Is the electric still on? Do your taps still release drinking water? Is there violence on the street? Does the bank holiday mean you are off work? Are you worrying? Are you relaxed? I'd love to know.

We're doing ok from what I see. There are no notable riots, no violence on the streets. So I'm confident that the worst has been avoided (for now). Of course, there are capital controls imposed. There are some side effects by this as expected but luckily businesses, companies etc. still have the ability to work normally. Transfers within the country are allowed so we individuals can pay for the essentials with cards. Cash withdrawals are limited to 60 EUR per atm card per day. I'm mostly sad about the pensioners that didn't receive their full payment at the end of the month from the state. However, what's most concerning for me right now is the propaganda that is literally everywhere. I'm disappointed by both private media and the Government because they both fail to be objective about the referendum.There was some effort from the Government to give people the whole picture, but I just can't ignore the fact that Syriza is openly urging people to vote no.

Alani123

Any news on the banks opening up again 7/7?  Nowhere can I find information on cash liquidity levels of the banks within Greece.

This is the scary part:
http://www.ekathimerini.com/198816/article/ekathimerini/business/importers-protest-delays-in-getting-approval-for-transactions

Greek companies basically not able to purchase imported goods from funds being frozen.
eerygarden
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July 03, 2015, 10:20:53 AM
 #23

It seems like Greece is heading to the referendum no matter what. As a Greek myself I wonder what others think of the current situation the country is in.
I'm from the UK. Our media shows unhappy queues of people at banks complaining. Some say Tsipras is our saviour, others say he has lost all credibility. To be honest I don't know what it's like for you over there? Are you ok? Are you still able to get the food you want? Are you able to cook it at home? Is the electric still on? Do your taps still release drinking water? Is there violence on the street? Does the bank holiday mean you are off work? Are you worrying? Are you relaxed? I'd love to know.

We're doing ok from what I see. There are no notable riots, no violence on the streets. So I'm confident that the worst has been avoided (for now). Of course, there are capital controls imposed. There are some side effects by this as expected but luckily businesses, companies etc. still have the ability to work normally. Transfers within the country are allowed so we individuals can pay for the essentials with cards. Cash withdrawals are limited to 60 EUR per atm card per day. I'm mostly sad about the pensioners that didn't receive their full payment at the end of the month from the state. However, what's most concerning for me right now is the propaganda that is literally everywhere. I'm disappointed by both private media and the Government because they both fail to be objective about the referendum.There was some effort from the Government to give people the whole picture, but I just can't ignore the fact that Syriza is openly urging people to vote no.

It is interesting that the private media is at loggerheads with the government. I can understand why Tsipras is urging a no vote. It is just like another election for him and election campaigns tend to lead to party leaders saying vote for me, don't vote for them because blah blah blah. Tsipras has made it in to an election campaign by announcing he will not continue in office if there is a yes vote. Tsipras Vs Europe, and you don't yet know the face of the Europe representative you will get if you vote yes. This is a great test for Europe. They get to see how many people will vote for them when their representative isn't even known yet.

Once again it is a case of picking your master and the candidates are flexing their muscles.


This is the scary part:
http://www.ekathimerini.com/198816/article/ekathimerini/business/importers-protest-delays-in-getting-approval-for-transactions

Greek companies basically not able to purchase imported goods from funds being frozen.

Enter the fear. "Greece choose yes and your food will continue." The one thing that fiat does spectacularly well is provide order, I can't emphasize the word 'spectacular', enough. It truly is spectacular how well human beings serve each other in return for the promise of a transaction. Take away the ability to transact and you take away the motivation for one human being to serve another. Transacting is key.

Alani123 I hope everything turns out alright for you. It is nice to hear the thoughts of someone living in Greece.
bitcoinarchitecture
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July 03, 2015, 10:57:04 AM
 #24

Europe can’t afford to loose Greece.
Politically Europe will look very weak if they can’ t keep it together.
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July 03, 2015, 11:00:10 AM
 #25

Europe can’t afford to loose Greece.
Politically Europe will look very weak if they can’ t keep it together.
Europe looks weaker economically with Greece involved.  I think both sides should see this as a positive, it is like an abusive relationship, it isn't productive for either side.
What they should do is leave the Euro, stay in the EU, try to get their house in order and maybe re-apply in 20 years or so.

What they probably will do is stay in the Euro and suffer badly for the next 50 years through constant cuts and bailouts stunding any chance of a recovery.
Zorrocoin
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July 06, 2015, 02:46:03 PM
 #26

It seems like Greece is heading to the referendum no matter what. As a Greek myself I wonder what others think of the current situation the country is in.

First of all, my condolences. I hope you and your beautiful country comes out of the crisis. It will , as you guys are really strong. Anyway, there are a lot of criteria to worry about but I dont think there will be any defects to fix after a couple of years. Everything will redeem back to its original and authentic position .  Wink
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July 29, 2015, 07:43:45 PM
 #27

The greeks must stick to the rules given by the European Union and save money. If you do that you will successfully beat the the situation you are facing. That is your only way out, so save money pay bigger taxes and you will payout the dept you owe
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July 29, 2015, 08:17:39 PM
 #28

I think that after the Greece default, it gets kicked out of Euro zone. Followed by that, more countries leave as euro has always been about more money than just more support. The economy of Greece faults destroyed, they keep losing power and faith of people keeps fluctuating from one leader to another each promising a better future. The euro zone asks an important asset or a part of the country as a payment of the dues and Greece has a fall out if it isn't rescued by another country.

If they kicked out how will germany and other european nations gets its funds back in what form?

wouldnt make sense to kick out someone when they owe you money. Also greece`s problem is similar to any state problem on how a city goes broke its just their on a global level. They wont get a rescue, but im sure they will have to be settled down with a reasonable # to come back from if their country ever does grow.
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July 29, 2015, 09:37:51 PM
 #29

The greeks must stick to the rules given by the European Union and save money. If you do that you will successfully beat the the situation you are facing. That is your only way out, so save money pay bigger taxes and you will payout the dept you owe

Haha, "payout the dept you owe". Thanks i needed that. Haha.
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September 28, 2015, 01:03:26 PM
 #30

It seems like Greece is heading to the referendum no matter what. As a Greek myself I wonder what others think of the current situation the country is in.

Your country is in the worst situation that a country can be. The debt of Greece taken e create from dozens of non conscious politicians which had used it to have more personal power and not for the better of the simple Greeks is unsustainable and as such it is very hard to be repaid. The Greeks will suffer for to many other years and no one can know where the situation will be better.

I'm so sorry about that and I hope that this situation (which I see without hope) passe with less possible consequences. I have heard that "the state of Greece is poor but the people is rich". If this is true I hope that the people help the state because is its state and without it their life will be worst very soon.

Their must work hardly to repaid the debt and to return in their normal life. The results of referendum were a shame and the people must be responsable that the money of the others are the money of the others and must be returned back to the owners.
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