Greek PM Calls Referendum On EU Aid Package

So Greece are going to do the decent thing and ask the people of Greece if they want to accept the EU Aid Package or not.

About time a government within the E.U gave its people the power to decide their fate.

Greece's prime minister has said his debt-laden country will hold a referendum on whether it should adopt the new European Union rescue package.

But I fear the people are left with very little optioon to say 'Yes' unless they bail out the Euro zone all together. Where that would leave them constitutionally I do not know as I have never read the Lisbon Treaty. Could this spell the end for the Euro entirely?

I fear for Greece's future and hope they can pull out of this mess.

I appreciate that the Government may have not run the country prudently, but they have certainly experienced such high immigration, this has taken a toll on its finances.

news.sky.com...

Looks like they may be looking into what Iceland did www.abovetopsecret.com...

I hope they do the same.

Just heard on the radio that up to 60% of greeks oppose the new measures.

Lets hope they vote against this and the country goes bankrupt

That way we (Germany) wont have to pay for these idiotic measures passed by the politicians.

reply to post by Cobaltic1978


if Greece get out of the EU currency alot will change after.

Its a lose lose. they pass it, they (greece) gets bailed out and we do this all over again in 6 months. They vote it down. One bank after another falls creating a globle economic collapse and the end of the world as we know it.

eather way. we will all suffer for what greece will vote on

reply to post by camaro68ss


Yeah, I fear you may be right.

I don't know if Greece will be able to follow Iceland's lead on this one as Greece adopted the Euro.

Worrying to say the least, especially for Greece, but certainly for Europe.

reply to post by Cobaltic1978


If they say yes the Greek pensions will get slaughtered.. I find it highly unlikely that the Greeks would pass such a measure. In an unorganized default there would be widespread disorder in the markets, sure, but Greece is tied to the Eurozone now, Greeks may just want to bring everyone else down with them if they are going to suffer alone. Of course.. Greeks may say no, and the government may just say to hell with it and do it anyways .. which is essentially what they've done so far anyways.

reply to post by camaro68ss

eather way. we will all suffer for what greece will vote on

Funny how the fate of the World's largest economy is tied to the fate of one of its most insignificant members. Greece is like the mouse that scares the elephant who causes the herd to trample the circus.

Originally posted by Rockpuck
reply to post by camaro68ss

 

eather way. we will all suffer for what greece will vote on

Funny how the fate of the World's largest economy is tied to the fate of one of its most insignificant members. Greece is like the mouse that scares the elephant who causes the herd to trample the circus.

edit on 10/31/2011 by Rockpuck because: spell check...

I know its crazy, That’s the butterfly effect for you. The butterfly flaps its wings in greece and the USA falls into a economic collapse.

It's hard for me to imagine the Greeks voting yes. And the timing of this is more than suspect.

I'm not an expert, but with the announcement of the deal on the bailout being pushed through, I bet the value of the relevant CDS went down the drain and wonder if it was sold off. Theoretically, they could have been traded at a real discount to people in the know.

It's a nice story to believe the PM did this to give his people a real choice, but I'm more inclined to believe someone was making a pretty penny on this delay. Giving this choice, from the economic perspective is taking an awful risk with no clear benefit unless Greece wants to default.

A default has merits in its own right, but then why go through all the negotations in the first place. This doesn't pass the smell test for me.

Originally posted by Fett Pinkus
Just heard on the radio that up to 60% of greeks oppose the new measures.

Lets hope they vote against this and the country goes bankrupt

That way we (Germany) wont have to pay for these idiotic measures passed by the politicians.

Let us know when the time comes that you personally pay for Greece! Too funny!

Germany has to pay off its war debts to Greece first

Originally posted by Rockpuck
reply to post by camaro68ss

 

eather way. we will all suffer for what greece will vote on

Funny how the fate of the World's largest economy is tied to the fate of one of its most insignificant members. Greece is like the mouse that scares the elephant who causes the herd to trample the circus.

edit on 10/31/2011 by Rockpuck because: spell check...

Count the greek words you use everyday and then you can call Greece a mouse

Originally posted by Fett Pinkus
Just heard on the radio that up to 60% of greeks oppose the new measures.

Lets hope they vote against this and the country goes bankrupt

That way we (Germany) wont have to pay for these idiotic measures passed by the politicians.

With the blood spilt alone Germany could not pay back Greece for what it done to it during the war.. You people have very short and selective memories!

A little reminder

The occupation brought about terrible hardships for the Greek civilian population. Over 300,000 civilians died in Athens alone from starvation, tens of thousands more through reprisals by Nazis and collaborators, and the country's economy was ruined.

source

reply to post by Rockpuck

Funny how the fate of the World's largest economy is tied to the fate of one of its most insignificant members. Greece is like the mouse that scares the elephant who causes the herd to trample the circus.

It's amazing what effect just the mention of this can have on the world markets!!

Ah yes, the true results of socialism, globalism, and central banking.

This Greek issue should be a very important lesson to the rest of the world.

reply to post by Rockpuck


Bingo!!!!!!!!!! Greece has become the most powerful country in the world and about to teach a lesson in Democracy to the rest of the world

Greece: The Most Powerful Country in the World

www.cnbc.com...

What the Greeks wants really wants, is for the entire debt to be erased, plain and simple

George Papandreou is a hero. And he should stay safe... He's going to the G20 Cannes meeting in a plane...

Wouldn't that be convenient for the elite if the plane crashed?

The referendum NEEDS to happen. Merkel and Sarkozy can suck it.

I'll quote Stalin... 'It's not the people who vote that count, it's the people who count the votes'?

Originally posted by EvanB

Originally posted by Fett Pinkus
Just heard on the radio that up to 60% of greeks oppose the new measures.

Lets hope they vote against this and the country goes bankrupt

That way we (Germany) wont have to pay for these idiotic measures passed by the politicians.

With the blood spilt alone Germany could not pay back Greece for what it done to it during the war.. You people have very short and selective memories!

A little reminder

The occupation brought about terrible hardships for the Greek civilian population. Over 300,000 civilians died in Athens alone from starvation, tens of thousands more through reprisals by Nazis and collaborators, and the country's economy was ruined.

source

edit on 1-11-2011 by EvanB because: (no reason given)

edit on 1-11-2011 by EvanB because: (no reason given)

I don't think it is fair to punish the current generation of Germans for the mis-demeanours of their predecessors. If that is what should happen then the British owe the Empire millions worth of souls and the US should hand their country back to the native Indians, after all it was the USA that carried out the worlds first mass genocide.

reply to post by Vitchilo


You know how things works, my friend, he may never make it, some malfunctioning or perhaps a hart attack or a convenient suicide, after all he was declared by the former prime minister of finances mentally unstable. earlier in the day.

It's something basic you learn as a kid. ..

...You break a window, you pay for it.
...You lose a schoolbook, you pay for it.
...You get drunk and drive into someone else's car you pay for it.
...You vote in a socialist Government you pay for it.

So, no sympathy for Greece and its debt and I condemn the offers of dough for Greece. it is clear that the cash should be taken out of Greece by any means. If they have to seiqe Greek assets abroad, such as pGreek citizens cars, houses, clothes etc, then do it. They owe the cash, they pay up.