This page has been archived and commenting is disabled.
Tsipras Sells Out Referendum 'No' Vote Ahead Of Weekend Deadline
"We got a mandate to bring a better deal than the ultimatum that the Eurogroup gave us, but certainly not given a mandate to take Greece out of the eurozone,” Greek PM Alexis Tsipras reportedly told Syriza lawmakers on Friday, underscoring the fact that his government’s mandate is, for all intents and purposes, impossible to achieve.
As detailed Thursday evening, the proposal (or, the “thorough piece of text” as Jeroen Dijsselbloem called it) submitted by Tsipras looks quite a bit like the proposal the Greek people rejected at Tsipras’ urging last Sunday. Here are the basics:
The broad strokes: a 3 year, €53.5 billion bailout program, including €35 billion of growth measures, lasting through June 30, 2018 requesting funds from the ESM, seeking to finally put the IMF off to the side. The program is heavy on revenue promises and lite on actual spending cuts. Greece hopes to achieve a 1% primary budget surplus in 2015, rising to 2%, 3%, and 3.5% by 2018, all of which are now impossible due to the total collapse of the economy in the past week. Among the tax reform will be a modest increase in corporate tax from 26% to 28%. The changes to the VAT system are as noted previously, keeping the VAT on hotels at 13% but raising it to 23% for restaurants; Greece also promises to eliminate discounts on islands, starting with the islands with higher incomes and which are the most popular tourist destinations. Create strong disincentives to early retirement, incur penalties for early withdrawals, make all supplementary pension funds financed by own contributions; and so on. Greece will seek to "gradually phase out the solidarity grant (EKAS) for all pensioners by end-December 2019" - who will be impacted and when: "the top 20% of beneficiaries in March 2016." In other words another 9 months of non real action. Greece will also "freeze monthly guaranteed contributory pension limits in nominal terms until 2021."
Reactions from Europe and from Syriza itself have been largely predictable. As mentioned above, Dijsselbloem is lukewarm, French President Francois Hollande called the proposal “serious and credible”, Italian PM Matteo Renzi is “more optimistic than [he] was in the past,” while Germany is, to use Bloomberg’s words “reserving judgement.”
On person who is not “reserving judgement” however is Greek Energy Minister and far-left leader Panagiotis Lafazanis. “The proposals are not compatible with the Syriza programme," he told Reuters on Friday. On Thursday, in the course of detailing Greece’s €2 billion energy partnership with Russia, Lafazanis said the referendum “no vote “must not become a humiliating ‘yes’.”
While the Eurogroup will convene on Saturday to consider whether to go ahead with the deal, the first hurdle is the Greek parliament where Tsipras is set to use what Deutsche Bank calls an “unusual political move” to give the proposal a better chance of passing next week. Here’s Deutsche Bank with more:
In the meantime, the Greek PM has initiated the domestic approval process as well. In an unusual political move, he has submitted a one-page legislative proposal requesting emergency parliamentary authorization to negotiate the final terms of the agreement. He has published the government's proposal at the same time, but is not calling for parliament to vote upon the actual measures. In principle such authority is not required. In practice, the strategy aims at consolidating the SYRIZA party's parliamentary base ahead of a likely vote to approve the measures next week. On the positive side, pre-emptive parliamentary support will make it more difficult for SYRIZA MPs to reject an agreement after it comes to parliament. On the negative side, the PM will also have an authority to reject an agreement if he so decides.
The opposition's stance to this strategy remains to be seen, but it will be the support of the government's parliamentary majority that will be the most important today. The PM will meet with SYRIZA parliamentarians at 6am London time. A full parliamentary vote will take place later in the evening. Approval will provide negotiating space to the PM, increasing credibility with the Europeans and the odds of passage in a subsequent parliamentary vote next week.
In other words, it appears as though Tsipras is looking to back the Syriza hardliners into a corner. The argument appears to go something like this: voting on the actual proposals would be largely pointless as Europe hasn’t approved them, so let’s vote on whether I have the authority to negotiate the measures, but if you say “yes” to that, and I agree to a deal this weekend, then I can then come back to you and say “well, you gave me the authority to negotiate and I decided to accept so now you pretty much have to approve this.” This strategy has the added benefit of allowing Tsipras to tell Europe that the Greek parliament voted “yes” even though in reality they did not vote on the actual deal. You have to love politics.
As for “debt sustainability” (i.e. that small issue which the IMF brought up three days before the referendum and effectively won the vote for Tsipras and the “no” crowd), that will be considered later apparently. From Bloomberg:
Debt sustainability is a central part of discussions in the Euro Working Group and the Eurogroup of euro-area finance ministers, EU official says.
Assessment of Greece’s financing requirements will also form part of analysis, official tells reporters in Brussels
First, prior actions will be discussed, then financing, then debt sustainability -- but they are all linked, official says.
They may be “all linked” but Germany still isn’t biting — or at least not on the idea of a “classic haircut.” Here’s the Irish Times:
The Greek government received a boost on Thursday, after European Council President Donald Tusk said that a “realistic proposal from Athens” should be matched by “realistic proposal from creditors on debt sustainability”.
His unexpected comments - the first from a senior EU figure - followed a phone conversation with Greek prime minister Alexis Tsipras.
Senior officials representing the 19 euro zone member states will consider Greece’s new reform plan on Friday, ahead of a scheduled eurogroup meeting of finance ministers in Brussels on Saturday.
Mr Tusk’s intervention follows renewed calls from IMF managing director Christine Lagarde on Wednesday that Greece’s debt burden should be addressed.
US treasury secretary Jack Lew also intervened to call for debt relief for Greece.
In a sign that Berlin could be open to the idea of debt relief, German finance minister Wolfgang Schauble said the issue could be discussed over the coming days, though he hinted that the impact of any measures would be minimal. “The room for manoeuvre through debt reprofiling or restructuring is very small,” he said.
German chancellor Angela Merkel also explicitly ruled out a debt writedown for Greece. “I have said that a classic haircut is out of the question for me and that hasn’t changed between today and yesterday,” she said, echoing comments she made on Tuesday in Brussels.
Speaking within hours of Mr Tusk’s comments, she said that Greece’s debt sustainability had already been addressed under previous bailouts.
So, just as we said: Germany and the US are now at odds over a Greek debt writedown.
Ultimately, Tspiras has submitted the same proposal that Greeks, at his behest, voted against last weekend. The PM will use a shrewd political maneuver to secure parliamentary support and new FinMin Euclid Tsakalotos will attempt to close the deal on Saturday. And although that would mean selling Greek "no" voters down the river, it's once again a nearly impossible choice because as Bloomberg reports, citing Dutch newspaper Het Financieele Dagblad, the ECB "will terminate emergency liquidity assistance (ELA) to Greece as of 6am on Monday morning if Greek reform proposals are deemed too light and if Greece is unwilling to cooperate with withdrawal from the euro zone."
Here's Commerzbank's Markus Koch summing things up: "The 'No' in the referendum appears to be turning into a 'Yes' from Tsipras."
Sorry Panagiotis Lafazanis. Maybe there's a cabinet position open in Moscow.
* * *
So much for "hope"...
...and so much for this as well...
»
- 69699 reads
- Printer-friendly version
- Send to friend
- advertisements -
The only way this is not a betrayal is if he prepares the country for Grexit and uses that time to reverse public opinion about Euro and Grexit.
Cant wait to see all the commentators that were cheering him on for repudiating the Eurocrats just as he was running his country off the proverbial cliff. At the end of hte day he is a complete political whore that forgets quicker than anyone else his promises made just 24 hours ago. Tsipras the false prophet, Tsipras the patron saint of hypocrites. All he did was impoverish his own people more than all the other useless clowns in Athens. This hardline socialist has screwed Greece over in exhange for some brief moments enjoying the limelight as a saviour. History will be very unkind to him
It takes a man REALLY DARK AND DEVIOUS MIND doesn't it?
AND YES INDEED IT DOES...
All politicians are self serving sacks of shit.
all elected by very well self-educated people that spend a lot of time thinking about politics, informing themselves and monitoring them like hawks
Except for all of those in the US and EU who are NOT elected.
seriously, this "unelected" is a bit... tiresome, in the EU-specific debate. we have a huge tradition, well anchored in various constitutions, of political appointments... by elected bodies
our ministers and prime ministers are usually appointees of elected parliaments, for example, and I would not want to change that for various reasons
So it's "tiresome" that the electorate is offered the choice of one globalist or another and are not interested in either? What a surprise.
either you get more specific or it's useless to argue about. pick a name, for example
in a parliamentary system, you don't vote for anybody except Members of Parliament, aka MPs. on the other side, nothing happens without Parliament giving an ok, which is then... law
Tsipras or Dijsselbloem. Take your pick
I was actually expecting something more difficult to explain?
both were elected as members of parliament by their relatively tiny electoral districts where several seats were filled by the electorate, so they actually can't even claim to represent all the people of their districts. both have one vote in their parliament only
whatever "power" they have, it's based on the majorities they convince in Parliament, which appointed them as ministers
both will cease to be ministers the very moment their parliaments decide they are not fit, or look wrong, or propose the wrong thing, or whatever
So it's irrelevant that Tsipras makes a deal with the Troika? He has no power anyway?
he has exactly as much power as Parliament grants him, and no deal he makes is valid without Parliament's authorization, which in the case of deals with foreigners is often called ratification
Tsipras, like all Prime Ministers and Ministers in europe, is not directly elected. He is the First Servant of the elected Parliament only, to bid his master's will, or be booted out
note, in this specific case, that he is asking for some "pre-authorization" on certain specific points
Then his govt will have served its function and it is time to replace it, so the new govt and new policies and new attitudes of the Greek people then reflect what is needed for them to get through this, and start again.
This is RESET
Take NOTE!
THIS IS THE OPPORTUNITY
DEBT GONE!
T A K E I T !
More like elected out of desperation,is that what you mean.
How do you monitor a big bank and control its capture of the political system?
you don't. you break them up into monitorable pieces that can default. Too Big To Prosecute and Too Big To Fail means TOO BIG TO EXIST
but the US political system is not "captured by big banks", imho. it's sabotaged by various laws that allow anonymous donors to shower immense amounts of money on campaigns
so much anonymous money that campaigns have to start earlier and earlier just to spend all that dough. only my opinion, mind, and not the only systemic corruption I see
You break them up? Well now they've gotten bigger and more TBTF since 08. Ever seen those ZH photos of Dimon with presidential cufflinks?
It does not matter how big they are, why would that matter at all? That is an excuse!
And a very lame one, why the hell are you offering excuses to keep TBTF?
They still have to be calved up and permanently disposed of.
Mr. Tsipras turned out to be a true European politician, just selling the Greece people out to the banksters and fraudulent, corrupt masses that control Bruxelles. Gone another "Democracy" !!
That motherfucker Tusk, made Freddy poor and shut down his business. Fuck that guy.
Getting back on-topic, it seems odd that the IMF and US are asking for a Greek Debt haircut. It's almost as if JPM and GS were short Greek bonds and if this debt relief goes through, JPM and GS may implode, which would explain why Germany is so ademant against a haircut (DB is probably long Greek bonds).
So Tsipras is a globalist tool after all. Who would ever have guessed? Gee never saw that one coming (sarc).
Gotta hand it to Yves, her pessimism about this thing has been annoying but spot-on from beginning to end:
http://www.nakedcapitalism.com/2015/07/tsipras-has-just-destroyed-greece...
Tsipras' massively destructive incompetence and/or duplicity is now on full display.
Yves has made a good analysis of the situation but then she launches into her political tirade about how great deficit spending is and I realize why I quit reading naked capitalism.
For somebody who comes at it from the so-called "left," though, she was remarkably restrained and clear-headed in her analysis on this one. People at ZH (not a bastion of leftists, after all) were cheering while she was soberly examining the situation.
It's clear that Obama made him an offer he couldn't refuse. With Russia circling Athens, there is zero chance of USA letting them leave the EU and nato. More power, not less. I'd imagine a backdoor FED bailout was discussed.
WE ALL HATE NAZIS DUDE.
(Save for the Jews of course...
Oh!! What a surprise...
zip in your dicks boys, this is over...I guess we will have to wait a bit more for the collapse.
I heard Tsip had a chat with "fuck the EU" Neuland. A coup was in the cards.
He got this tactic from the Criminal Usurper Hussein Obama (why do you think he talked to him-- they are peas in a pod). This is the same thing as "fast track" for the sovereignty taking TPP.
The finance minister was in the driver's seat until he resigned.
... and the new FinMin signed the papers with a message >>> http://rt.com/news/272857-greece-tsakalotos-signature-phallus/
What's a mandate? How can you say you have a mandate on anything when the vote was "no"?
Whatever. It's all a show anyway.
The damage has been done. This is a bank run. And nothing anyone says matters. The real occurs when and if they open the banks back up. That's your only voice now, Greeks.
... "What's a mandate?"
... Barry & Reggie ...
Now that Tspiras has sold out, I wonder how the Greek people will react. I am still thinking there will be a military coup, supported by the global oligarchs' lackey Obama. I would not be surprised to see civil war, with Russia arming the insurgents and America arming the Greek military. Tspiras is toast no matter what happens. I think Varaflukos realized all this and got the hell out as soon as he could, almost the minute the election results were in.
Zh, you have needlessly put a sensational heading for this article. Referendum does not mean that PM Tsipras will be able to get what the Greeks want. He will have to go through the struggles of the reality in which not every step will be understood properly. so give some time... let them play it out. it is not going to be painless... so give some time ... you do not have to over analyze each and every move. looks like you do not trust anyone except you...
"He will have to go through the struggles of the reality in which not every step will be understood properly."
It would help people understand the reality better if the players and the press would quit referring to past programs and current proposals as "Greek Bailouts". Stepping in and paying off debts is a bailout. Forgiving bad debts is a bailout. Loaning Greece money with the expectation that it be paid back with interest, and to be used primarily to service interest on existing debt, is not a bailout.
If I get into a terrible financial condition and go to a Payday Loan or Title Loan or Cash Advance outfit for emergency funding, they are NOT providing me a "bailout".
I agree with you.
Considering Elul 29 isn't for another 2.5 months I didn't think this would erupt just yet. /Partial sarc
But the recent Eco political turmoil and blackouts of the UAL, WSJ, and NYSE systems was a decent warm-up.
And to think the Jade military exercises to 'map the human domain' haven't even begun yet.
A watched pot never boils but the water certainly looks ready to turn all bubbly.
Hate to tell you guys but until there are many "unplanned & unscheduled" Nailgun Accidents against these fucks none of this will change.
The choice is to stay in EU, or withdraw and print worthless Drachmas while living within their means ( in Greece's case that equates to the living standard of your average hobo ). Pensions will go bust, Greeks will be homeless and starving. It won't be long till they would riot and the whole country would erupt into chaos. The UN would have to send troops in to keep the peace and feed them ( ZH would have a ball with that ).
^^So a "grexit" was never an option. No leader wants to be known as the one who brought that down on the people's heads.
You just describted the future of all EU members.
How is that not already happening? The banks are closed. No business can survive that. The economy has crashed 25% in 3 years. Probably at least that much this month. Nobody working. Gridlock.
Might as well issue the drachma. Let it devalue. Take 2 years of pain, then the will be exporting/producing like never before.
I hope the people of Greece vote no and burn the EU to the ground...Clean up on aisle OXI
Dear Greek people... We are hooked on drugs and we can't get off. Our drug dealer is demanding payment and we don't have a choice. We must sell out our people to keep the flow going............
Old and hooked on drugs to survive, then fleeced by the dogs of hell and finally buried with debts saddled on your offspring.
He got a note via courier from Hillary.
Just like Varoufakis they have threatend every member of Syriza with death. And if the the intimidation routine from the "usual suspects" isn't sufficient enough you will see an ISIS event in Athens that will get everyones attention!
Russia and the rest of the BRICS is the only thing that will save Greece from the Soros/Kagan camp!!!
Greece has an Army, a Navy and Intelligence Services for such things, doesn't it? getting intimidated is a choice every european minister has... or not
I could now make a roll-call of the politicians that have been killed for not complying with various ideas from various groups, here in Europe. it's a surprisingly long list
I could now make a roll-call of the politicians that have been killed for not complying with various ideas from various groups, here in Europe. it's a surprisingly long list
With that comment said... I rest my case!
Same story as always, you get to choose between a Giant Douche, and a Shit Sandwich.
in Greece, the choice is a bit... wider. see here List_of_political_parties_in_Greece
the current Hellenic Parliament has two parties "at government" and five "at opposition", this moment
Ghordo, I guess what I meant in this case is that the options for the Greek people,
as with many others, are limited to unpleasant and "this sucks".
It all means nothing....bacause regardless of what they agree too THEY CANT PAY THEY HAVE NO MONEY! You can't get blood from a turnip.
LOL, people acting surprised a politician backstabbed, lied, and is going back on promises.
what an asshole
Next up: a groundswell of support for Golden Dawn. Syriza is done.
The Greeks need to sell Tspiras out of the fucking country...
I guess this article is supposed to have details of the new offer by Greece. Does anyone really beleive MSM at this point. Its Friday and european markets close in 3 hours and you know markets need to be jawboned higher. Wouldn't want a black Friday.
Truth will reveal itself Sunday.
the writing was already on the wall when mr motorbike left and an oxford chap took his place. i wouldnt be surprised if he's a freemason or a rhodes scholar.
Save Greek government privileges, now .... fuck the Greeks .... will play them as a national victim card .... to save our bennies !
This is sort of like the TEA PARTY pissing down your back and telling you it's raining.
This is sort of like the TEA PARTY promising to defund the war(s) and then signing off on the next war funding package.
This is sort of like a commie douchebag claiming to be against the State
Sort of.
(4 seconds) https://www.youtube.com/watch?v=_4e8iAofnrw
He wants to one up Germany. He seems to think they never wanted said deal all along... That they presented an unsignable deal as Varoufakis used to say. So since his pass the blame to the public referendum failed, he figures his only hope is to pass it to the Germans... If he's right, Germany won't agree to it, then his political career can be salvaged.. otherwise.. he's through.
Democracy weeps as governments sell out their citizens to the bankers. The people in Greece was wrong to think their govenrment was any different. This government will be disposed and a more extreme one will take it's place.
Stay tuned - chaos and rioting will resume shortly...
I see that a lot of commenters are making tirades about Tsipras
well, he is the Prime Minister, and the head of the Greek government by that (Americans: exchange government with administration)
he has the duty of making proposals, both to foreign parties and... the Greek Parliament
but it's the elected Greek Parliament that has to decide on any proposals
G, missed this part ?
"In the meantime, the Greek PM has initiated the domestic approval process as well. In an unusual political move, he has submitted a one-page legislative proposal requesting emergency parliamentary authorization to negotiate the final terms of the agreement."
so? it's a proposal... for parliament. he asks for authorization by the parliament. because all authority resides in the elected parliament
calling it an "unusual political move"... now that one is highly debatable
Come on G, you can see he's being stampeded into an impossible situation that will see his govt collapse. He can't even step up the troika's guillotine to make a deal anymore, that will not end his govt.
This is the drowning man fresh out of options.
Element, if he sees himself in an impossible situation, then he has a duty: resign
and if a government collapse is the result, well, then a fresh government has to be appointed or even a fresh parliament has to be elected
personally, I criticise him and Varoufakis for taking such a long time just to arrive at the same point as months ago plus a bank run that makes time even dearer
specifically, I criticise Varoufakis for having bamboozeled syriza so long about "Game Theory" and his capabilities in negotiation
in my own and limited experience, negotiation starts with understanding with whom you are negotiating, and what their "negotiating culture" is
I would have never have picked a guy fresh from Australia/UK/US for negotiations with Continentals, for example
I feared he would be too confrontational instead of collaborative, and that's exactly what made his continental counterparts dig in their heels
those two could have agreed to some, claim duress on the side and made a "guerrilla" retreat over two or three years, instead of putting themselves against this wall of their own making, for example
heavens, spare me from principled men willing to see other people suffer for their principles
Sure G, I take your points.
Though I suspect they wanted Yanis in because he could act as a catalyst and had done a lot of theoretical thinking on the topic. A catalyst in chemistry is very minor component by molecular proportions that produces other reaction effects totally disproportionate to the amount present.
In the end Yanis's requested resignation remarks about left-wingers knowing what to do to act together, seemed unusually conspiratorial and collaborative, did it not?
He was sending someone a message there, but to who and why?
Must have learned that from Obama on his recent phone call.
Imagine a crazy, hypothetical and cynical world where democratically elected "representatives" were routinely compromised by vested interests... Just as a matter of course the people with money and influence made sure that nobody could become a "representative" in any credible political party without becoming very very beholden to them.
Only a crazy conspiracy theorist could possibly believe in such a place today with our enlightened society... One wonders though if this isn't why the 2nd ammendment was created in America.
Smoke & mirrors. Tsipras doesn't really want to leave the euro - evidenced by reports that he was hoping for a Yes vote last weekend, but positions are being locked in, just like bets at a roulette table. Repports of the New Drachma are circulating so Greece should just default, exit stage left, and be done with it. Why the drama?
Popcorn and beer, riots coming.
Cynical piece of shit.
Hope someone kills him next week. Really.
During the Nigel Farage speech, Tsipiras had a look on his face that seemed to say, "If only had balls I would agree with that." Varifakis took the PM's balls with him when he quit.
Tsipras is a dead man walking.
Mussolini him...That's all I have to say...
Americas not Greece, Greece is america, national elections are just another paid day off for govt. workers.
Greece did'nt need voting machines, all they needed was one paid off politician.
surprise, surprise, no haircuts, the only greeks with any money, job, and govt retirement, don't piss- off those yes votes.
Wouldn't it be funny to see Varoufakis as the next PM of Greece.
What difference does it make?
The problem with Syriza is that they want to be part of the Eurozone, even though that will do them more damage in the longer run.
I hope for the sake of Greece and Europe, no deal is passed. There are no good choices left anymore, but it really comes down to this:
Suffer some more in the shorter term, and recover in the longer run (GREXIT)
or
Recover a bit in the shorter term, but suffer in the longer run (NO GREXIT).
The Euro is NOT GOING TO WORK for Greece with the current odious debt overhang.
Guess he got paid.
...or threatened.
Golden Dawn is next...
Or Golden Showers.
Those who control the money win again.
No offence or anything, but, DUH! ...
The Germans are A-holes. Like they always paid their debt's back. Right. Send them the bill for the Marshall Plan. Or the 10,000 airlift flight that kept Berlin free.
Oh, and make out the bill i 2015 $s.
The Germans are occupied. They paid with East Prussia, Silesia, Pommerania and the Sudetenland. 3 - 4,000,000 civilians dead after the war ended and 1 - 2,000,000 soldiers dead in outdoor concentration camps set up by Eisenhower after unconditional surrender. Need one go on.....
Mr. Truman drops atomic bombs on women and children and it my father who is posthumously adjudged a war criminal.
At Yalta with a sweep of a pen, a senile president condemns a third of the world to communism.
Europe with the zeal of a missionary gone mad, hands over the wealth and resources of Africa to savages who have barely learned to beat a drum.
Then you give them tanks and arms to replace their bows and arrows.
And when your freezers arrive, they use them to store their enemies for dinner.
I have the grace not to mention Vietnam.
All over your brave new democratic world, inflation spirals as literacy drops.
And in America? They vote for law and order whilst shooting down Presidents, schoolchildren, and rock stars in the streets.
The Holcroft Covenant (1985)
Any good books you can recommend which chronicle that period?
I'd start with Jurgen Thorwalds "Defeat in the East".
Or Tsipras gets dumped immediately.
no balls from the get they should have left the euro defaulted and wiped the slate clean. the currency would be devalued u would suffer for two to three year and then you would be debt free with a booming tourist trade. but they never wanted that now this more of the same bullshit . just what i expected actually
Brilliant move by Tsipras: he does not cut pensions (which are 75% of the budget), they increases taxes and cut defence spending (the IMF was against that) same as previously proposed and rejected. Additionaly he asks for $59 billions of new money. The ball is now on the Eurogroup and Germany corners: they will have to accept most of the above and convince the IMF to change their stance on pensions, taxes and defence. Yes they do not get the famous "haircut" on the debt, but they new they could not get it anyway, because Germany would have never accepted it (Italy, Spain, Portugal, France, etc.). So it is kicking the can down the road, waiting for the other troubled nations to go through the same process and the unwinding of the big debt Ponzi scheme.
Tsipiras knows that his personal safety was next on the agenda and he looks like a man who has been made a serious offer, your kneecaps or sellout your country?
You're probably right. Watching him cower when the Brit told the truth about the entire horseshit fiasco, it kind of looked like he was waiting for a sniper to pull the trigger.
Caved like a Cheap Suit.
Russia is fucking this up too. If Putin was really serious about helping Greece, and Fucking NATO up the ass, he would have bailed them out by now. Why is Putin dragging his feet??? Nuland is nothing but an "Empty Kitchen"
? ... Folded like a cheap suit.
I'm gonna make like a tree and get the hell out of here.
I'm guessing Putin told them to default on the debt first. Why would he want to give money to the people that are sanctioning him?
It wont bode well for Greece if this goes ahead. It will 'seem' like a total capitulation by the Govt.
Domestic chaos to ensue that will spill over to others in the same boat, eg Spain.
So, when you have high angry youth unemployment who feel they have been humiliated by Germany, do we see greek trrism against their apparenet persecutors.
When you put people in a position where they feel they have no hope, nothing to lose, then they cease to care about consequences.
Germany by 'winning' may find they have lost much more.
any chance he is making this play knowing/hoping it gets shot down, despite Greece appearing so very accommodating, just so that the blame of "who forced Greece out" shifts back to the EU?
I think so too. On the surface seems a plan that Europw and the IMF might accept. I do not think they will.
When Bitcoin is $283 we don't really care what he did to do it.
I can tell you exactly why this nutcase is acting like this. Tsipras is a TRUE Socialist and socialists LOVE regional form of governments. A regional, or better, world government is a socialist wet dream. The success of socialism or communism depends on a world wide, centrally controlled government. So, Tsipras has been sold on the EU plantation a long time ago. The only problem is the fact that he is so dumb that he thought he could help Greece and keep them in the EU at the same time. Socialists are dreamers that think with their emotions and not their brains and logic.
+10 more
Politicians won't take their constituents seriously until some of them start hanging from lamp posts. Why should they?
& there, ladies & gentlemen, are the classic traits exposed why most people hate lying conniving traitorous weasel politicians, who will tell you any lie for power & greed. I puke on all of them with relish
So Tsipras asks the Parliament to make him a President?
I wonder of Greece's constitution, even giving him the power to negotiate, which is what he has always had, cannot then be taken as authority to approve, else see a successful court challenge and the drama drags on.
You cannot approve something that is itself illegal. Approving Tsipras to murder somebody wont save him from jail. In anycase it is very obvious it will end up in the courts if is attempted to institute an agrement without a specific vote on it. And so it goes on...
What happened to Tsipras? He must have been threatened with mass starvation or worse. But even so, he should have been prepared for that when he declared a referndum.
Now what? He got a super majority of the Greeks to vote against austerity. How can he come back a week later and say "never mind"?
At a critical moment of history Tsipras chose to hold his ass, rather than his head, high.
There will be a safe deposit box in his name in Switzerland full of Euros a few months after his opposition calls another vote and ousts him.
That's probaly part of the deal that he left out of his proposal letter.
That and/or he could very well have been told he'd be JFK'd if he didn't cooperate with the EU. He has had a VERY heavy look on his face the last couple of weeks in the meetings where he's been seen...
Tspiras is not the historical leader Greece needs. He is a clown on the world stage that isn't even funny.
The simple question is the purpose of a government to serve the people of a nation, or is it's purpose to control them?
Bankers to Greece and other countries: it *still* doesn't matter who makes the laws. If we control the money supply we own you.
Still not sure what is 'really' going on.
However if Tsipras is 'seemed' to have betrayed the referendum he called, ie the specific will & instruction of the people he is meant to represent as THEIR servant, then I think it wont be long and he is gone, Greece reverts to chaos, with uncertain outcomes.
And no agreed measures get implemented.
A situatioin I assume the US does not want.
I think Germany has overplayed its hand here, and will ultimately suffer for it.
The idea that you have to totally humiliate a country (its citizens) whom are supposd to 'partners' in the project, to ensure compliance with the will of one nation, well Germany will end up being seen by the suffereing countries as Europes big bogey man all over again.
These southern EU countries should be gang banging Germany.
If dealing with Greece is this tough, multiple countries simultainiously not making payments
would tend to stop the bullying. Would it not?
Well, who would have seen that coming, as ZH might say.
Referendums are the opium of the masses.
He will give them free shit in the form of government hand outs and they'll love him for it. And of course the leftist dogma, they love hearing that too. Civil war is doubtful, as the vast majority want to stay in the EU.
Can anyone help me? I'm writing what will be a Broadway, and then movie, script about this subject. I'm looking for Gene Wilder, Zero Mostel, Dick Shawn to act in the play. It's to be entitled, "The Reducers"? I've picked Zero Mostel to play the part of Angie Merkel.
Sounds good! Be sure to add a song and dance number called 'Springtime for Hitler.' I'm sure it'll be a hit in Europe.
"Springtime for Hitlary"
Don't be shtoopid be a schmary, come und choin the.........actually my favorite is Dick Shawn doing "Love Power".
Make sure you have a character named victory noodles, played by a rapster artist singing fuck the EU.
What a pathetic little bitch Tsipras is, I hope to see him strung up by his pussy-flaps before the end of the month.
Tsipras blinked so says this article. Others say that Merkel blinked. It looks like they both blinked. But perhaps neither blinked. Perhaps it was the USG that blinked and is surreptitiously offering to backstop the deal
Well we all saw that coming, Tsipras looked a little too uncomfortable sitting in the EU parliiament while Farage was talking.
I give you the words of Nicholas Rockefeller ``What to you care about the people, worry about yourself``
So are we taking bets on how fast the Greeks run thru this money and are back rattling their tin cup again? I had no doubt the can would be kicked.... None.
I'm going to go out on a limb here are speculate that Tsipras' life and the life of his family was threatened if he did not accept the terms of the banksters. These fuckers probably threatened to lay waste to Greece if they bailed on the Euro. What is a bailout? Another loan that cannot be repaid. How the hell are they ever going to pay back any of this? The banksters need to keep the illusion going for a while longer until they can throw their Hail Mary, one world government, one world currency that people will be begging for out of sheer ignorance if the banksters get their way. This bankster shit has got to end. When will people wake up?
Greek voters may vote to exit, but they really want that sweet, sweet free government cheese.
The bottom line.
Elected traitor clown gave people hope.fears and tears. The show is not even over yet.
Kinda surprised how many of the most vocal here actually believed that Tsipras would do differently. He and his party ran on protecting transfer payments....debt financed 'gimmieDats.' They had no other platform and appealed intellectually to the lowest common denominator. Only a platform of deconstructing the State would have had an air of truth and opportunity. Our corrupt system has almost no pols calling for a return of power to individuals. Did anyone expect differently from a European socialist state?
The Gods threw a party, but forgot to invite Chaos - She in turn threw a golden apple into the midst of their reverie inscribed "to the most beautiful" Unintended consequence followed
Teutohellene
Why did Tsipras call for Sundays vote in the first place? He is basically working for the IMF/ECB. Tsipras’s goal has always been to accede to Brussels’s demands, i.e., transfer as much money as possible from working/ unemployed people in Greece to large banks. When this is finished, pensions will be reduced/eliminated, unemployment will remain very high and those lucky enough to have a job will likely see their salaries reduced. Working people in other Greece’s in the EU- Italy, Spain, Portugal and France should expect similar treatment in the future as the EU economy continues declining. For background see: The Financial Attack on Greece: Where Do We Go From Here? by Michael Hudson July 8, 2015
Link: www.counterpunch.org/2015/07/08/71809/
Why did Tsipras call for Sundays vote in the first place?
It's all a two-step, choreographed from beginning to end. Unfortunately, there will not likely be a GREXIT
Because he thought the people would vote to remain the niggers of Europe by voting YES. Then Tsirpussy's sellout would be validated by the people voting for more misery.
Nuland yanked on his nuts over the weekend. That sealed Greece's fate
well he certainly is no Gavrilo Princip
I TOLD YOU SO
Back in December I warned that Varoufackis was a Soros Operative.
Tsakalotos was an Agglo His Greek is pooorer than his Queen's English.
Stathakis has INVESTMENTS in Black Rock so has Dragasakis with more than 80 Properties
The rest have a PASOK background.
The irrelevent pre 2009 Syriza was and is 4% at best. Still hungry for some crumbs.
Now is there an alternative?
Yes it is called EPAM (top picture on the right). Totaly banned from ALL MSM (It is a movement that has only the following objectives) It is going to provide surprises.
They have 5 targets
1 Declare the Debt odious and NOT pay it
2 Nationalise the Bank of Greece
3 Constitute the New Drachma ( in the similar manner of the Cyprus Pound)
4 Trial for All Perpetrators and Punishment (That the Greeks Will decide the way to execute)
5 DEMOCRACY (real one like the one with the referendum that the Banksters fear) with a NEW CONSTITUTION like the Vikings of Iceland.
After the target is achieved it will desolve and the Greeks can decide the way that Greece is going to follow
As a leader, this is when you get back in front of the people, and give THEM the cholce. You INFORM, EXPLAIN, AND SPELL OUT THE OPTIONS. Not drop the ball on them and fall back. Get the people behind you. Not underneath you!
"Ultimately, Tspiras has submitted the same proposal that Greeks, at his behest, voted against last weekend."
Tsipras said he would honor the people's vote. Tsipras is just another political fraud.
Either he has been payed off, or threatened. No matter what, he has lost his life's opportunity. He's done. However, the IMF or the Troika could find him a job, who knows?