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Greek Parliament Votes In Favor Of Referendum
Update: Parliament has voted in favor of Alexis Tsipras' call for a referendum.
* * *
Greece’s referendum question will would have read as follows (before the offer was rescinded):
"Greek people are hereby asked to decide whether they accept a draft agreement document submitted by the European Commission, the European Central Bank and the International Monetary Fund, at the Eurogroup meeting held on on June 25 and which consists of two documents:
"The first document is called Reforms for the Completion of the Current Program and Beyond and the second document is called Preliminary Debt Sustainability Analysis.
"- Those citizens who reject the institutions’ proposal vote Not Approved / NO."
"- Those citizens who accept the institutions’ proposal vote Approved / YES."
The two documents reflect the complexity of Greece’s financial predicament.
- The first includes sections on "parametric budgetary measures" and "unified wage grid reform."
- The second has a discussion of the methodological advantages of using ‘‘gross annual financing needs’’ to assess Greece’s debt burden, rather than the more traditional debt-to-GDP ratio.
* * *
We noted earlier:
The Greek parliament is in session on Saturday evening as lawmakers debate the country's EMU fate and vote on the referendum called by PM Alexis Tsipras just after midnight this morning.
- TSIPRAS SAYS REFERENDUM WILL BE MOMENT OF TRUTH FOR CREDITORS
- TSIPRAS: GREEK PROPOSAL FOR SUSTAINABLE DEAL STILL ON TABLE
- TSIPRAS SAYS REFERENDUM NOT MEANT AS RUPTURE WITH EUROPE
- TSIPRAS SAYS GAME OF BAILOUT HAS COME TO AN END
- GREEK PARLIAMENT TO RESUME IN 10 MIN AHEAD OF REFERENDUM VOTE
- SAMARAS SAYS REFERENDUM DRAGS COUNTRY OUT OF EUROPE
- SAMARAS SAYS CREDITORS DISCUSSING PLAN B FOR GREECE
- STATE MINISTER PAPPAS SAYS GOVT STILL AIMING FOR AGREEMENT
Parliament Speaker Zoe Konstantopoulou announces 10-min recess after opposition New Democracy lawmakers walk out of chamber in the middle of debate.
(Live feed)
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Just to remind everybody that all these EuroGroup “geniuses”, from Schauble and Farufakis to Dijsselbloem and Stubb, ain’t no smarter than our own Timothy Geithner. Remember THAT demented moron?
There’s one difference though. Their morons speak with cute accents. ;-)
Looney
Will this Kabuki theater never end...
Default already!
This is exciting!
Maybe they can get pissed off at one another and do some Harry Ried tuneups for shits and giggles.
Say, isn't this redundant as the EU and Co already said no to new money?
This show is so boring and uneventful. We all know the TROIKA will print more fake Euros and the show will go on. Wake me up when Germany or US is BK and out of options ...
... don't count them out yet ... the Hellenic Republic will survive ...
... the strategic location of Greece at the crossroads of Europe, Asia and Africa (a very attractive port location to the BRICS consortium for industrial or military ports or otherwise ... think along the lines of Singapore) might be the ace up their sleeves ... I could see the BRICS group lining up with their offerings for future concessions and considerations ... plus Greece's agreement and future earnings potential with Russia for the Turkish pipeline would guarantee a better life for her roughly 11 million citizens ... better than that offered by the EU ...
They'll get a series of B61's before Putin or Xi is allowed in:
'B61 nuclear bombs in Turkey'http://eurasianhub.com/2013/05/11/b61-nuclear-bombs-in-turkey/
This is a clear demonstration of the 'If we can't have it, no one can have it' psychopathology.
There will be blood running in the streets, whether the banks are buying or not.
They need a referendum on what to do now, now that the other referendum is moot.
Maybe "do over" referendum?
Let freedom ring all over the world!
And let the Elites tremble before the people.
How much was Lehman's sub prime worth because nearly a half trillion of Greek debt is now worthless. Not that it should have ever had value but now it will actually be percieved to have no value. Debt taken on by those who can't pay it back is no asset to the creditor, Krugman should take note.
Obama can authorize the purchase of all the Greek debt, then give 'em another big "growth-boosting loan" stipulated on the implementation of austerity, lowered business taxes, and public-private partnerships.
Oh, and gas chambers.
From Dumb and Dumber:
Lloyd: What do you think the chances are of a guy like me and a girl like you... ending up together?
Mary : Not good.
Lloyd: You mean, not good like one out of a hundred?
Mary: I'd say more like one out of a million.
Lloyd: So you're telling me there's a chance...
Greek theater is sxciting! Now we watch the last act when Greece defaults and sends the world into a financial crisis.
Extremely boring ...
I'd rather watch fight night at the Taiwan Parliament:
https://www.youtube.com/watch?v=c5sjCwZGPjI
... or the "Kung Fu' fights in the South Korean Parliament:
https://www.youtube.com/watch?v=v6ZnVGrWegM
If the Brussels Bandits were there it might be a fist fight.
"sends the world into a financial crisis."
Ah fucking horse-shit. STFU!!
The AMISH will never be in your fucking crisis's!
Perhaps in part that's because the Amish don't pay taxes. That was a good move on your part, by the way.
Hey, look over there! Another farm you could buy for $1.2MM in cash!
We do too!
At least you're not motorized, electric or otherwise.
But you know nothing of the Amish! STFU!
Read the fucking manual!
http://amishreligiousfreedom.org/amishfaq.htm#bandw
I'm still trying to wrap my mind around the concept of an Amish internet troll...
Ha! Ha! Good one! I rarely do the arrow thingey, but did send a green one your way.
Amish Internet troll! He probably stays connected thru his I-phone. Definitely not "of the world", that one!
Sir, I am not Amish, but I am your neighbor. Plenty of people know quite a bit about the Amish, including myself. You're not a secret society, you just play by different rules. Can we please dispense with the "you know nothing about the Amish" crap? That statement actually says more about you than it does about me.
I am aware that the Amish do not pay taxes towards nor participate in programs like Social Security, Medicare, Medicaid, Welfare or Unemployment. Yes, I realize you still (technically) pay state and federal income taxes, property taxes (though almost all of your children attend private shools), etc.
Jeez, even the Amish don't have a sense of humor these days. Can't we just sit down, have some scrapple and eggs and find some common ground? I'll even churn the butter myself (yes, I know how to do that).
I admire the Amish. They do as much as possible from living in a world that does not involve the corrupt Fed govt, the vile TV-Hollywood brainwashing and depravity, the corrupt banking system, school system and other crap.
dont worry they own s-300 and it will take care of usa b-61 bombers .
The best analogy for the Greek people is Russia pre-Putin with the Zoligarchs or Putin's Russia after the Soros friendly Zoligarchs were mostly thrown out. After Putin threw the scum out - things in Russia improved.
Or the Ukraine pre-junta or post-junta. Pre-Junta - the Ukraine was not great but now it is hell. The USSA is now as corrupt at the junta Ukraine.
Because the EU-SSR and Obola USSA treats "citizens" just like the Russians were treated as the zoligarchs looted Russia during Yeltsin. Plus you get the same ScRotus legal criminality and depravity that the NWO pushes.
Your choice Greeks. You know what is like being an EU-Troika slave. Do you want a future or do you want to be an EU-Troika slave?
Most Amerikans and other Europeans have chosen slavery.
I'm down with changing "President" to Overseer of the United States. So it would be OUTUS. Kinda gay, but thats okay.
It's instructive to note that the supranational gods on earth EU/IMF global usurpation cabal is lashing out in fury against the democratically elected government of Greece, who refuses to do what it is told.
"SHAKE YOUR MONEY MAKER! SHAKE YOUR MONEY MAKER!"
The REVEREND James Brown and his "sex machine" indeed.
Looks like "Europe" has already voted so I'm not sure what they're voting on in Athens that hasn't already been decided.
Shit, I thought this was over. So there still a chance that a deal cane be done??? WTF?!?!
Merkel gave them until market open on monday, so stil about 24u to bend over.
Seriously and all joking aside..."this will be the first of many referendums" across all of Europe IMHO.
"Europe" is "insolvent" for lack of a better term. The euro has already lost one quarter to a third of its value YTD "and they don't pay interest on the debt." So who in their right mind is lending to them? Would appear China WAS...but I doubt "is" right now.
So how to "fund" Greece? The only way is through continued devaluation "in its various forms." We'll see what happens but that says to me "a return to national monies" in the form of d-marks, French francs, Spanish Pesetas, etc.
they will pull a rabbit out of the hat yet. JMFO
reality has set in and they are scared shitless. the power of fresh print has them on their knees as well they should be. now it is vat and pension slash and burn tyme, haha...
Only one scared shitless is you and your longs.
Greek Referendum: "The European Union, and especially Germany, can drink salt water and pound sand. Whatever comes - we will face it on our own terms, with our own currency, on our own land."
I'm most interested in how they will spin the default to prevent CDS payouts. How long can they kick that can?
Yes, default already and get back to sovereignty!
The politicians are debating though, which is never a good sign.
wee-weed up says, "Will this Kabuki theater never end...
Default already!"
By seeing life as "Kabuki theater", you're only harming yourself.
Distancing yourself from reality isn't good for you.
This is a real economic war, dude. Wake up.
~"...Default already!"~
Referendum what?
"No really, this time we're really, really, really not going to pay you!"???
WTF does Greece have to referendum about?
Growth is debt,collapse is debt how screwed can it get.Go Greece get your sovereignty back and escape the EU gulag of debt to imfinity or infinity ( imf joke).
I'm fascinated that after all the talk of unpredictable "Black Swans" that would take down the financial system and bring on the next crisis; the trigger will be something that has been obvious for 4 whole years.
Greece has been the "Hanging Fastball" that everyone has seen coming. Like a slow-motion trainwreck, everyone has been gawking in disbelief that such an obvious issue could bring TEOTWAWKI.
I can almost hear Queen Elizabeth asking: "Why didn't anyone see this coming?"...
"London Bridge is falling down.
'TEOTWAWKI'
I think I might have some ancestors from that tribe.
Here is semi live translation...just hit refresh. Shit is going to hit the blades..
http://www.theguardian.com/business/live/2015/jun/27/greek-crisis-mps-re...
Hopefully some troika necks hitting gullotine blades.
when I think of geithner, imbecile comes to mind
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... http://bit.ly/1LCjofJ
so this is official or not about the referendum, they gonna make it or they discuss about it, seriously it really become pita to follow, it is even worse than dallas or dynasty.
It's all Greek to me .. How do you prounce a Triangle symbol?
"How do you prounce a Triangle symbol?"
Delta isn't it?
No, I'm pretty sure it's "baklava."
If you can't "prounce" it, you can just wisp it.
Unless you have a LISP ;-)
Looney
P.S. +1.5, Bumpo!
its like coughing up a hair ball with the back of your tongue, but with a gentle rolllllgggghhhhkkkk
https://translate.google.com/#el/en/
Tsipras looks and sounds like a bad ass, even with his collar stuck out like that
'Lucifer-Worshipping Illuminati'.
"Go to the light, NTI" ....
https://www.youtube.com/watch?v=lIcbRg9CGpk
they broke for some fetta and olives
Bank run well underway
Dafuq, I thought they already planned the referendum? Seems more like just another bluff card.
Which if true, blew up in their faces if they now vote no.
This is their legislature trying to figure out how to prevent a military coup/NATO takeover. The money spigot is turned off without some serious demonstration of obeisance. There must be blood sacrifice. A lot of it.
So, they vote on whether or not to vote?
I thought this was to fast track the deal or not, no?
Look a Herd of Unicorns with Shiny Horns!!!!!!
"So, they vote on whether or not to vote?"
No, they want a vote to help clear up a conundrum: 80% of the Greek people want to default on the debt, but 80% of the Greek people also want to keep the Euro and stay in the Eurozone. Sort of a "have your cake and eat it too" kind of a thing, so now Tsipras wants to have a vote that will force the people to choose one or the other. It is very obvious that Tsipras wants to simply default, ditch the Euro, and bring back the drachma, which really does seem to be their best move overall.
Add some Benny Hill music to the background.
definitivly...
tzipras is the old bald rapidly slapped....
https://www.youtube.com/watch?v=IU28GHMcYxM
that vision....
(hands cupped to mouth, shouting down at child in enclosure)
Goddammit Junior, how many times have I told you to not go into the gorilla cage! Yes, that's why he's got you bent over. Quit screaming, I can't understand you. Let me tell you, when your father gets home .....
Fred Scuttle...
I keep hearing the word Malaka! a lot.
That's Greek for telling IMF "you're fired!"
It depnds on how it is used. From "dude", "moron" to "dipshit" or worse. Look here https://en.wikipedia.org/wiki/Malakas
It used to be every fourth word, or thereabouts, if I remember correctly.My nieces and nephews insist on speaking English, so I'm out of practice.
So now the armaggeddon and catastrophe bullshit... lol
Greece is voting for what? For the ECB to pay the IMF back the money that Greece won't?
The "euro Landers" created this mess...they'll have to be the ones who figure out how to un-fuck it...NOT the United States.
They can start by in fact having a defense budget...
I hope the good people of greece will have the courage and strength to follow icelands example and show the rest of the world that there are alternatives; GO GREECE GO what did deutche bank do for you anyways apart from encourage corruption and oligarchy
I'm pretty sure Mr. Tsipras is talking about how to rebuild a small-block Chevy engine. At least, if I recall my high school Greek correctly he is. Or was it Latin I was studying? Fuck, it was a long time ago.
not in germany due to 2copyright issues with streams"
Listened for a bit. I'm assuming he's asking the rest of them if they have a printer. THAT would have fixed all this mess.
In a lot of countrys in Europe people are sick and tired of Bruxelles and its regulation. Sick and tired to be ripped and raped off from everything they have. Sick and tired of the banking corporations who makes bets (through all kind of derivatives and other financial '' tools'' ) with the peoples money, and when things turn out bad and banks are losing money, it's the same people they rip and rape again.
I sure hope the Greece wake up and stand up against this terror and fraud of the "great" institutions. It will be a few harsh years for the Greek people, but in the end, they will be far better of then the rest of an already collapsing Europe.
And what do the Muslim immigrants think? That's what matters.
But how is Bruxelles on important matters like gay marriage and transgenders?
+100
This is all the EU and USSA stand for anymore. Civilizations and empires crumble when depravity is celebrated. It is what happens just before civilizations crumble.
There was some ex-vet begging with a can for vets at a grocery store today. Grocery stores rarely allow this in front because it bothers the customers. He had permission. I wanted to tell him that when the military starts defending The Constitution and their oath then I might care.
The creditors are discussing plan b...
HA!
They’ll be left voiceless from now on and will have to wake up.
1.THOSE WHO BOUGHT THE BONDS AT 16% RATES AND MORE KNEW OR SHOULD HAVE KNEW THAT THE RESON WHY RATES WHERE SO HIGH THAT THERE WAS A BIG RISK!
2. PEOPLE AREN’T A COMMODITIY
People now hate the greeks but it was greed that made those investors make the wrong decissions.
But the biggest problem will be pension funds in europe which are underfunded and have a massive exposure to south european countries.
BTW, look on the left third row back...there's Mr Panos who shares his valuable insights from time to time on the major news network, YouTube. Here is is talking about Greek independence:
https://www.youtube.com/watch?v=-i-Pg6D9zH8
Mr. Panos rocks. He is a Greek American from New York. They should make the guy PM of Greece.
He would tell Schnable, Merkel, LaGarde and all the Troika to F**k You Malaka!
What's a Malaka?
There: http://lmgtfy.com/?q=Malaka
"Your a fucking malaka"
Then again, being a Anunnaki, you don't give a fuck anyway*
* you wank, no?
Eureka! We have reached the Tipping Point which is: "What's the use of trying to put out a fire in a Potemkin village?"...
use a Potemkin Fire Dept?
He actually said "Fuckit" you Malaka, but history has been rewritten.
https://www.youtube.com/watch?v=e3XquGJfL_I
call the fucking bluff.
And the winner is Yes to referendum
YES:178
NO: 120
And thats sweet fa for the bankers,haircuts alround - and now on to the derivatives and the european insolvent banks........
Part 2 to be continued.
Wouldn't you think that if the troika's offer was such a good deal for Greece, the troika and Germany would be welcoming the referendum?
Of course none of those in power are interested in democracy and the cost to bribe the Greek people is far more than they are used to paying to bribe Greek politicians, something Syriza is apparently refusing to participate in, which has no doubt come as a shock to the masters of Europe.
those Europ, ImF only interested in how to punish
The IMF/EU has told the Greeks they are f**ked but the nazi backed Ukraine Zoligarch Junta gets whatever money they need forever.
Maybe Russia will help Greece with the June 30 payment, Greece holds the Referrendum, leaving the Euro and immediately pivot east, partnering with Russia and the BRICS bank, telling New York, London and Brussels to get lost.
June 30th payment.
You're joking right ?
Don't forget there is a sharp selloff going on in China. Probably good timing for the banks to dump and rally again.
It's rather refreshing that Tsipras is the first Politician to give us an insight into the SECRET workings of the Cabal and i thank him for it.
Normally these Troika Vultures like to keep everything under wraps from Joe Public with Goldman or Barry or some other Snide Runt just flicking the pages and saying, sign, Here, Here and Here. We'll let you know what's in it when the players have banked their CUT.
Go the Greek people, say NO to the banksters, Iceland did it and so can you! Bravo! The birthplace of democracy, show how it's done
Obviously Greece doesn't give a shit that their referendum is FIVE days PAST the June 30th deadline. So - what's the referendum for? I guess you really have to be a EuroPEAN to understand all of this bullshit - makes no fucking sense to me.
Anyone who has ever been a trader in the financial markets knows there is a basic negotiation protocol that you either learn in your first week or die. When you counter someones offer, you automatically nullify their original offer at the same time. Your counter offer is now the only firm offer on the table. Your potential counter party is no longer under any obligation to honor or reinstate their original offer, or make you a counter offer of any kind. The same applies to you if they counter your counter. There is never more than one firm offer on the table at any time, which can only result in a deal by unconditional acceptance by the counterparty (other side).
But hey Greece, don’t feel too badly if you fumbled on this one. I never met a real estate agent who understood this either.
Seems like European Baby Boomers "negotiate" the same way their American counterparts do. "Give me everything I want and fuck you". That was the way Bush Jr.'s admin did it, and that's the way they all are.
So how many of the NAI voters DIDN'T empty their account downstairs before the vote?
why does such a tiny country need so many crooked politicians ? A country of 11 million people and they have more politicians than Washington. WTF !! ??
Why should the average Greek citizen have ANY responsibility for leveraged-up bets on derivative claims on securitized ccollateralized ABS(or BS)?
No low shirt cleavage MSM shot equals no referendum. /LOL
Is that Jenner?
Wait for it! Wait for it! BTATFH!!!!!!! Bullish S&P for life!
That's great, they voted to allow the citizens to vote
Am I the only person to see the fantastic irony in all this?
http://www.helleniccomserve.com/oxidaystathacopoulos.html
Ohi or Ochi in Greek means 'no'. Each year, on 28 October, they celebrate the fact that, on 28 October 1940, the Greek prime minister at the time, Metaxa, did not give in to the demands of Italian dictator, Mussolini, to cede the northern Greek territories to Italy. He said 'No!'. The story is even in 'Captain's Corelli's Mandolin', for goodness sake! It is not exactly a secret.
So, Tsipris is just repeating what Metaxa said. The bullies may be different but the tactics aren't.
come Sunday I would have thought finding some food may be a bigger concern for the Greek people than voting for something that isn't on the table anymore.
The Banks & ATM's will be empty tomorrow, the supermarkets by Thursday and no Petrol by friday....?