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Greek Parliament Will Reject To Ratify The Current Proposal – Will The Government Fall?
Never a dull moment in Euro-land! After the Greeks seemed to have caved over the weekend and after they handed in a new proposal to reduce its spending pattern in the 2015 and 2016 budget by a substantial amount, the government is now taking the heat in the Greek parliament.
At the emergency Euro-top in Brussels on Monday, Tsipras and Varoufakis have brought up a ‘final and best’ proposal to be considered by its European ‘partners’ (read: creditors). The country now ‘suddenly’ found 2.7B EUR of savings/income for 2015 and 5.2B EUR for next year. The majority of the gap will be closed by an extensive VAT reform which would result in an additional cash inflow of 1.4B EUR in 2016. The government also wants to reduce the pension payments by 800M EUR, and it’s now specifically including yachts in a ‘luxury tax raise’ which should bring in 47M EUR. The corporate income tax would also be increased again to 29% from next year on (see next image).
The European leaders seem to be optimistic about this new proposal and aims to have a binding solution by the normal euro-top which starts on Thursday.
However, not everybody is happy with the new plan, and Prime Minister Tsipras is getting a lot of heat from the Greek parliament and even some hard-liners in his own party have openly declared they will not accept the newest proposal.
Two members of parliament from Tsipras’ own Syriza party have already announced they would probably vote against the deal , and even a vice president of the government said it would be difficult to bring these ‘extreme and antisocial’ measures up for a vote in the parliament. In the same statement, the MP’s also said they thought Europe to be bluffing and that they wouldn’t dare to push Greece out of the currency block and that Europe ‘wants to humiliate Greece’.
Once again the Greeks seem to be playing with fire and don’t seem to realize how severe and urgent the current situation is. They still behave like Calimero’s (‘they are big and we are small and that’s not fair’) and this obviously didn’t please the current government which promptly released a statement saying that if the parliament wouldn’t ratify a deal, the Greek government would resign.
It looks like like even though a deal might be reached on the European level, it could still be derailed in the Greek parliament and the resignation of the government might put the country in an even worse crisis than it’s currently in.
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Tsipra's Cafe.
"WTF???... This gyro is full of shit!"
"More tzaziki sauce?"
How does Greece vote when there is not even a final proposal yet.
What's funny is that this clown actually talks about a deal being done as if it solves the situation in Greece!?! Let's be clear, they are borrowing money to pay interest on existing debt! In what parallel universe does this solve anything??? The only solution is to default and start over.
What's funny is that this clown actually talks about a deal being done as if it solves the situation in Greece!?! Let's be clear, they are borrowing money to pay interest on existing debt! In what parallel universe does this solve anything??? The only solution is to default and start over.
He's only a clown if he has any intention of allowing Greece to sign up to an IMF asset strip.....
FFS I'm so fed up with all this EU bullshit...Ireland took the opposite direction to Greece yet the problems remain (just under the surface). The euro project is doomed but it will limp on for years crisis after crisis dragging everyone down with it.
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In the last 3000 years the problem of too much debt has occurred 775 times. It has been solved by cancelling debt 775 times. It has never been solved by either QE or Austerity, What noone has yet explained is why it will be different this time.
Well Austerity works. if it means. Don't spend all your money. And especially after this break downs of the credits, they had to go back to cut down on their expenses. There is no way that you can go on after a default as before. That has never workked,
Of course, you are 100%, utterly, completely, correct. Nobody has explained how this time will be different because nobody thinks this time will be different. This is not about solving the problem. The problem will be solved, as you point out, by cancelling the debt. This process is about extracting as much wealth as possible before the problem is actually solved. When all assets, tangible and intangible, have been transferred into the control of finance interests, then the process of solving the problem, by cancelling the debt, will begin.
It has been sad watching what is happening to the Greeks, however, it's been fun to watch all the pols, crats, and Zionist banksters squirm. Greece can't pay, but then Zion cannot afford to cut them loose either.
T and V will be out or dead by December, and a new Zionist tyranny installed. Oh, what color will it be?
Pass the popcorn.
Liberty is a demand. Tyranny is submission.
Sign on my guillotine: "Banksters, No Waiting."
This doesn't mean Greece might default does it.
This could all be kabuki theatre. First of all, the EU might reject the proposal - and then it is Grexit time. If the EU doesn't, Tspiras might let it be voted down in Parliament or be voted down in a referendum. He could put it to a referendum, and say either accept it or Grexit. The probability of Grexit is still very high.
yea
it all looks good on paper
unless you're a tree..
Tspiras is very clever or very stupid, I'm not sure which.
This proposal will not pass parliament, it meets the needs of neither left wing nor right wing.
But was that intentional or a blunder?
i'm betting clever.
after all he's up against the EU and they are stupid
what they want they can't have. they blew the wad foolishly. tic toc and face reality. you went to the bar and blew the wade and now your fucking broke playing the game of feel sorry for me. fuck em. they played the goldman game. they were lead by leaders that REPRESENT greeks ready to hop on the wagon and retire at 52, nice i'm 58. ha wouldn't that be nice, ha...
to have any semblence of a budget that could balance would require a wholesale change and cultural shift that would move the majority to rioting, hungry and pissed burning shit in the streets. it took a village to get here and this is the template fiat/debt that creditirs/banksters/leaders created. let us watch and prepare as this slow downward spiral spreads throughout the western fiat economies.
long live socialism/fascism ha...
Greece is the experimental animal to see if they can get away with destroying a country. The EU assumes that their feces is of a magical non-odorous variety, no matter how badly it reeks.....
Run of the mill politician - pathological liar and psychopath.