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Author Topic: EUROPEAN OFFICIALS SAY NEW DEAL REACHED BETWEEN GREECE, CREDITORS  (Read 1059 times)
ProfessionalGoogler
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July 13, 2015, 07:19:18 AM
 #1

http://www.foxnews.com/
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July 13, 2015, 07:27:56 AM
 #2

there is also a nice video "How Greece debt crisis may impact your investments"

i guess they are referring to bitcoin investments, because i know that this crysis is impacting very well my bitcoin investments  Grin

i hate how they keep ignoring bitcoin....
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July 13, 2015, 05:10:44 PM
 #3

For how long?
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July 13, 2015, 05:14:50 PM
 #4

For how long?

I don't know the details, but if it as the press reports, it will be hard to sell this to the Greek people.




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July 13, 2015, 05:53:41 PM
 #5

For how long?

I don't know the details, but if it as the press reports, it will be hard to sell this to the Greek people.

Does that surprise you ?
http://krugman.blogs.nytimes.com/?_r=1
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July 13, 2015, 06:10:57 PM
 #6

For how long?

I don't know the details, but if it as the press reports, it will be hard to sell this to the Greek people.

Does that surprise you ?
http://krugman.blogs.nytimes.com/?_r=1

Yes I am surprised, this appears to be an attempt at can kicking and German's saving face to their public. Funny how Krugman is even appalled.




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randy8777
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July 13, 2015, 06:11:37 PM
 #7

they reached an agreement, yes. but how long will their "solution" last. will we face the same greek drama next year like we have now?
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July 13, 2015, 06:27:10 PM
 #8

they reached an agreement, yes. but how long will their "solution" last. will we face the same greek drama next year like we have now?

Within a year I imagine. What these proposals are, are madness.




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scarsbergholden
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July 13, 2015, 07:19:35 PM
 #9

My questions is how long with this so called deal would last, is most likely to be in till the bail out money finishes and then the same drama all over again or would they be doing any special tax to the people to keep the creditors happy.

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July 13, 2015, 08:56:39 PM
 #10

My questions is how long with this so called deal would last, is most likely to be in till the bail out money finishes and then the same drama all over again or would they be doing any special tax to the people to keep the creditors happy.

It's a three year deal apparently.
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July 13, 2015, 10:43:56 PM
 #11

Actually, it may not last more than a few days as the deal requires Greece to pass some strong reforms this week, and there's no majority in the Greek parliament to support those. The only hope is that some members of the Greek opposition will back the reforms.

X
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July 13, 2015, 10:51:47 PM
 #12

Actually, it may not last more than a few days as the deal requires Greece to pass some strong reforms this week, and there's no majority in the Greek parliament to support those. The only hope is that some members of the Greek opposition will back the reforms.

What odds do you give it getting through parliament on Wednesday?
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July 13, 2015, 10:53:14 PM
 #13

Actually, it may not last more than a few days as the deal requires Greece to pass some strong reforms this week, and there's no majority in the Greek parliament to support those. The only hope is that some members of the Greek opposition will back the reforms.
"We cannot agree to that," Independent Greeks leader Panos Kammenos told reporters after meeting Tsipras. "In a parliamentary democracy, there are rules and we uphold them."

syriza 149 lawmakers either voted against the agreement or failed to vote for it.and say eu fuck you.
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July 13, 2015, 10:55:22 PM
 #14

The 12-hour meeting of the SYRIZA parliamentary group was marked by serious disagreements over the Eurogroup deal on Tuesday that extends the bailout program for another four months.

The loudest disagreements came from Minister of Productive Reconstruction Panagiotis Lafazanis and House President Zoe Konstantopoulou. The so-called left platform of SYRIZA questioned the reforms proposed by Finance Minister Yanis Varoufakis, claiming that many points are, in essence, nothing more than an extension of the existing memorandum of understanding.

Prime Minister Alexis Tsipras asked his parliamentary group to vote. According to reports, 20 MPs voted against the agreement or cast a blank vote. Other reports say the number of those who disagree with the deal reaches 35 MPs. State Minister Alekos Flabouraris said on national television today that 18 SYRIZA members voted “blank” or “against,” but clarified that if there was an official House ballot, there wouldn’t be more than 3-4 MPs who would cast the same vote.

Analysts say that the real headache of Alexis Tsipras is the Lafazanis “blank” vote and the Konstantopoulou “against” vote.

Konstantopoulou and Dimitris Mitropoulos expressed grave concern that the new agreement would bring certain unfavorable obligations for Greece. Ioanna Gaitanis and Eleni Psareas also voted against the agreement with international creditors. Along with Lafazanis, the above MPs are against the proposal for the agreement to go for ratification in parliament.

It is not certain that the agreement will be tabled in the House for ratification. However, the opposition is pressing for the deal to go for ratification. The government’s decision on the issue is expected within the next few days.

The criticism from the left platform focused on certain points of the proposed list of reforms. It also emphasized the fact that the negotiating team did not brief the parliamentary group before the Eurogroup.

Lafazanis said that there are certain points in the list of reforms that resemble the terminology used by Greece’s lenders. Stathis Leoutsakos said that some of the proposals resemble oracles, as “creditors can interpret them any way they want.”

Rachel Makri said that she would vote “present” if she was there. Speaking to Mega television, the SYRIZA MP said that she left before the end of the 12-hour meeting. However, she claimed, “I wasn’t given enough time to study the agreement. The text was distributed in the morning but protocol says that Mr. Varoufakis should have delivered it to me in person.” She concluded that there were no serious disagreements within the parliamentary group, but some members expressed their concern if the measures can be applied or not.

- See more at: http://greece.greekreporter.com/2015/02/26/internal-disagreements-within-syriza-after-bridge-program-deal/#sthash.JsDHWO5q.dpuf
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July 13, 2015, 10:58:33 PM
 #15

http://greece.greekreporter.com/2015/07/13/greek-public-sector-union-adedy-calls-for-24-hour-strike-against-new-bailout-deal/
and show begining
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July 13, 2015, 11:37:25 PM
 #16

Tsipras will give up and accept all the measures by merkel and their friends at the very last second.
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July 13, 2015, 11:45:20 PM
 #17

Tsipras will give up and accept all the measures by merkel and their friends at the very last second.

Beggars cannot be choosers, when will Greece fundamentally change what they're doing and stop asking for bailout after bailout. The tough changes are required because without them, Greece continue to be a liability.

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July 14, 2015, 04:20:59 AM
 #18

Tsipras will give up and accept all the measures by merkel and their friends at the very last second.

Beggars cannot be choosers, when will Greece fundamentally change what they're doing and stop asking for bailout after bailout. The tough changes are required because without them, Greece continue to be a liability.

Either Eurozone breaks the power Greece has and makes them their little bitch, while throwing money at them... At the same time Greece is thinking they are getting all the money and attention because they deserve it and because their country is very nice and eurozone is supportive. Eurozone has invested money in Greece for the control and now they will demand it. I think it was always their initial plan Wink
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July 14, 2015, 06:25:10 PM
 #19

Tsipras will give up and accept all the measures by merkel and their friends at the very last second.

Beggars cannot be choosers, when will Greece fundamentally change what they're doing and stop asking for bailout after bailout. The tough changes are required because without them, Greece continue to be a liability.

Greece needs debt relief, not a stretched bailout after bailout. Ideally, the banks who had lent endlessly to Greece should have taken haircuts on their holdings. But the Troika ensured that this did not happen and bailed them out.

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July 14, 2015, 06:33:42 PM
 #20

Tsipras will give up and accept all the measures by merkel and their friends at the very last second.

Beggars cannot be choosers, when will Greece fundamentally change what they're doing and stop asking for bailout after bailout. The tough changes are required because without them, Greece continue to be a liability.

Greece needs debt relief, not a stretched bailout after bailout. Ideally, the banks who had lent endlessly to Greece should have taken haircuts on their holdings. But the Troika ensured that this did not happen and bailed them out.

Can these elected leaders really be THIS incompetent?  I mean their logic is this:

Wow our country spends too much, lets keep that up and borrow some more money to cover it.

A few years later:

Well we cant pay back that additional debt, another loan should do the trick!

I mean come on! The citizens are the ones paying the price with lowered pensions and raised taxes, but the banks and governments NEVER LOSE.
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