Reply to: French help Greeks Surrender

[d000hg]

It's just a farce. Greece said "we're not taking that deal". Then they said "we'll ask the population". Then the population said "we won't take the deal". Now Greece is saying "please can we take that deal even though the people rejected it?" Meanwhile everything has completely fallen apart and the deal is not going to help even if it is accepted.

Stop the pantomime, please.

[BlasterBates]

How large is your Greek position?

Whatever it was, it just got bigger....

Shares were suspended a week ago so I'll find out on Tuesday.

I went wandering the Athens stock exchange shouting "Buy" a while back....

"He who dares"

[BrilloPad]

Markets Love the Greek Proposal - Bloomberg Business



for anyone with Greek stocks .....bring it on ....

How large is your Greek position?

[BlasterBates]

Markets Love the Greek Proposal - Bloomberg Business



for anyone with Greek stocks .....bring it on ....

[BrilloPad]

Latvia, Malta and several other parliaments need to approve any deal, and any debt relief has to be run past the German parliament. And all this is going to happen over the weekend? Yeah right. Grexit baby [emoji133]

It is what needs to happen. And Greece would recover in a few months.

But a deal will be done. The Greek suffering will carry on.

[PurpleGorilla]

Latvia, Malta and several other parliaments need to approve any deal, and any debt relief has to be run past the German parliament. And all this is going to happen over the weekend? Yeah right. Grexit baby [emoji133]

[BrilloPad]

I just don't see the point of holding a referendum then accepting everything that was rejected especially after taking it to the brink (capital controls etc). Maybe it was to give a glimpse of how bad things could get to the Greek people if they exit. Now they will accept anything to avoid it and Tsipras looks like the hero for saving Greece from economic disaster (only if he gets some debt relief).

The idea of the referendum was the Greeks would vote yes! Then Tsipras could walk away....

[FatLazyContractor]

Tsipras looks like the hero for saving Greece from economic disaster (only if he gets some hand relief from Merkel).

ftfy

[Unix]

I just don't see the point of holding a referendum then accepting everything that was rejected especially after taking it to the brink (capital controls etc). Maybe it was to give a glimpse of how bad things could get to the Greek people if they exit. Now they will accept anything to avoid it and Tsipras looks like the hero for saving Greece from economic disaster (only if he gets some debt relief).

[Zero Liability]

There's been a lot of grandstanding and I don't think Tsipras and his government have any real desire for Grexit. Too wedded to the Euro and continued bailouts. They just want the debt written off in part. Anyway, this would still have to go through the German and a number of other even less enthusiastic parliaments, representing populations which are understandably sceptical about bailing out Greece and the rest of the periphery.

If they don't want the 'austerity', they should leave; in which case they'll get the genuine article later on, or suffer an economic withering into third world status.

None of the major governments (the very nosy US included) and institutions involved want any loss of power, prestige or rocking of the boat, so I doubt Greece will be going anywhere. A write off of some sort is inevitable based on the economics of it alone and I think the creditors will just swallow the losses rather than risk non payment.

[BrilloPad]

They won't get that, but if they' have no debt repayments it makes no difference to the next few years, at least until 2020. So they'll probably accept.

Agreed. And the Troika will agree to it. As the alternative is admitting they will never be paid back...

[BrilloPad]

It will certainly be a very long time, but then Britain repaid it First World War debts last year. There is even debt hanging around from the battle of Waterloo.

They only repaid WW1 debts as rates were so low!

So now we are debt free are we?

Of course, these days alot of debt is bought by the government itself! Why can't Greece do that?

I don't believe the Greek economy will ever get back on its feet. Any deal now will just see more misery.

[BlasterBates]

I don't agree.

The Greeks want some of the debt written off, not just delayed. And they will accept a bit more austerity to get that write off.

They won't get that, but if they' have no debt repayments it makes no difference to the next few years, at least until 2020. So they'll probably accept.

They know they can renegotiate in 2020, but now they need money.

As for austerity, if Greece goes bankrupt, the pensioners and civil servant will get a lot less than if they accept "Austerity".

It's a choice between austerity or worse austerity if they go bankrupt.

[BlasterBates]

So never?

It will certainly be a very long time, but then Britain repaid it First World War debts last year. There is even debt hanging around from the battle of Waterloo.

[BrilloPad]

Basically all debt payments or at least most of them wll be suspended until they've sorted out their economy.

So never?