Will there be a Grexit?

[BrilloPad]

The banks are the masters and we are the slaves.

I don't think that has anything to do with the EU.

[SunnyInHades]

There was a bit about holidays in Greece being dirt cheap now, 50% off.
It's actually tempting.

On his twitter feed last week, well respected travel writer Simon Calder wrote:

"Greece = summer bargains. A week in Zante, flying with Thomson from Cardiff on Friday, for £113. Just read this first

http://www.independent.co.uk/incoming/travel-to-greece-should-holidaymakers-be-anxious-10324105.html"


Latest advice is .. take and use cash, assume no ATMs or credit cards will work.

[d000hg]

I maybe wouldn't visit a major city in case of unrest but Greece is hardly a dangerous country and you'd rather hope businesses would be happy to take your money!

[PurpleGorilla]

I don't think that has anything to do with the EU.

Who is in charge, the ECB or the politicians?

[BrilloPad]

Who is in charge, the ECB or the politicians?

In charge of what?

If you mean the banks, they are in charge of the politicians. Didn't Rothschild say something like "If I control the money supply I care not who runs the country"?

[jamesbrown]

This is basically all noise until it suddenly isn't. There are really no deadlines until it's obvious that they've all passed, and I'm not sure when that will be. Some are suggesting Sunday, at least to maintain the IMF payment on Tuesday. However, it's conceivable that they could have a deal agreed and miss the payment, technically, without a major impact. I still think it's likely that they will agree to kick the can, but it's anyone's guess as to whether something lasting can be reached given the various hurdles to overcome (agreement, parliamentary ratification, return in X months for the next round etc.).

[BrilloPad]

This is basically all noise until it suddenly isn't. There are really no deadlines until it's obvious that they've all passed, and I'm not sure when that will be. Some are suggesting Sunday, at least to maintain the IMF payment on Tuesday. However, it's conceivable that they could have a deal agreed and miss the payment, technically, without a major impact. I still think it's likely that they will agree to kick the can, but it's anyone's guess as to whether something lasting can be reached given the various hurdles to overcome (agreement, parliamentary ratification, return in X months for the next round etc.).

Apparently even if Greeks miss the 30th June deadline, the IMF are supposed to give them a month. IMF say they will not do this due to the size of the payment, but what's the betting it will happen?

A pity that all sides cannot realize the only solution is grexit.

[PurpleGorilla]

In charge of what?

If you mean the banks, they are in charge of the politicians. Didn't Rothschild say something like "If I control the money supply I care not who runs the country"?

Rothschild was spot on.

The banks are in control of welfare, education, development, life opportunity, equality, freedom.

[BrilloPad]

Rothschild was spot on.

The banks are in control of welfare, education, development, life opportunity, equality, freedom.

Just as well the mob are placated with cheap booze and flat screen TVs.

[jamesbrown]

Apparently even if Greeks miss the 30th June deadline, the IMF are supposed to give them a month. IMF say they will not do this due to the size of the payment, but what's the betting it will happen?

A pity that all sides cannot realize the only solution is grexit.

Oh, that's right, there's normally a grace period, but they withdrew it. Given the sour relations between Lagarde and the Greek negotiators, particularly Varoufakis, it will be interesting to watch. It seems quite personal now.