Cyprus-Forum.com

[miltiades]

I can’t see how Greece can remain in the EZ with a no vote.

Ah well… anything to dislodge the dysfunctional EU from its nasty axis.

Alhamdulillah,the shadow of the beard of the prophet [pbuh] is upon the Greeks and Allah the merciful will guide them and protect them from their enemies. insha' Allah.

Allah the ....merciful !!! Fuck off you prick !

[miltiades]

Many so called analysts seem to be so short-sighted and rather naïve.
This one especially.
What they do not realize is that you can not dismantle one brick as inevitably other " bricks" will follow. It is not in the interests of the long future of both the EU and the EZ to abandon Greece and stand by as the Greek economy comes to a complete standstill.

" Larry Elliott: It's time to give Greece some carrot


Greece’s future in the eurozone hangs by a ‘gossamer thread’ tonight, writes our economics editor Larry Elliott.

The ECB could snip that thread tomorrow, by cutting emergency liquidity. But Greece’s lenders are more likely to play a long game...

Here’s a flavour of Larry’s analysis:



The temptation for the creditors could be to let the Greeks sweat a bit, to see if a couple of weeks of a cashless economy can do what the referendum could not: effect regime change. Tsipras would be under pressure to resign and call fresh elections if the economic news worsens, and that might result in the election of a government more amenable to the rest of Europe.

But playing it long is risky. Greece might be forced out of the euro before Tsipras gets round to resigning, so desperate is its economic plight.

What the creditors should do is to respect the result of the referendum, realise that they have to give Greece something in order to prevent the crisis escalating out of control, and recognise that debt relief must be an explicit part of a funding package that will see the eurozone’s weakest member through the next couple of years. Put simply, they should try a bit less stick and a bit more carrot...."

The Greek banks WILL re open on Tuesday and EL funds will be made available to Greece.

[Jerry]

Live updates here from BBC,

http://www.bbc.co.uk/news/live/world-europe-33400127
20:38
AFP quotes the German government: Greek PM Tsipras has "burned the final bridges" between Greece and Europe.

[Maximus]

Germany does not own Europe, or Greece.

If the Greeks don't want any more austerity, because they cant hack it (which is fair enough) who is Germany to keep ramming European tax payers money down their throat on terms they dont agree with? Considering that the probability is that they cant or wont be able to pay it back, just let it go. The Greeks can go back to the Drachma.

It's the "strings attached" to Greece that they want to keep, to maintain control. if it was repayment of the debt, then they would accept Greece's decision and accept payment in Drachma while they get on with it by themselves.

I keep reading that the cost and risk to the EU / eurozone would be miniscule if Greece left the single currency but I think this is hogwash. The risk is huge and lies in other failing countries following Greece down this path and reverting back to their own currencies. What are you going to eventually be left with? 5 countries using the euro with a float from all the original members. fewer countries in the eurozone and more euros in circulation.Thus making the euro closer to becoming more worthless or obsolete. I don't think any mainstream analysts has thought about or published anything like that.

The bankers, Germany and the fewer eurozone countries still using the euro don't want that do they?

[Nikitas]

Live update from me in Athens.

Within minutes of the official results being announced, deputy finance minister Nadia Valavanisannounced that when the banks open, unknown when that will be, safe deposit box holders will have access to their boxes, under bank employee supervision and may remove anything from there EXCEPT CASH!

Within seconds of the announcement, Louca Katselli, CEO of the National Bank of Greece and president of the Hellenic Banks Union, denied that there would be any controls on safe deposit boxes. Order counter order, the story of life in Greece.

The net result will be that when banks open, in addition to the overload from legitimate customers with pressing needs, ie shipping docs, there will be an influx of safe deposit holders wanting to remove their valuables and deeds.

Note- Mrs Valavani in her official means statement shows a protfolio of approx one million euro held in banks in London and invested in cash and various securities.

And a footnote- it helps to keep in mind who exactly won tonight, Syriza which incorporated a large part of the PASOK party, ANEL, the chemtrail guys, and Golden Dawn tha nazi party. The three who supported the No vote.

And who lost- all democratic parties, citizens associations, the major chambers of commerce, tourism, technical professionals, the bar association, professors's association, local and regional government associations.

Tomorrow will be interesting.

I would love twenty minutes alone with that Chinese guy who wished "may you live in interesting times".

[B25]

Many commentators are reacting to the OXI result as negative for Greece reducing the prospects of Greece remaining in the EZ.
On the contrary, Greece has reaffirmed it self as the mother of Democracy, no European member would wish to see Greece isolated and forced to exit the EZ.

The EB and the IMF would, by tomorrow I'm convinced, inject fresh emergency loans to keep Greek banks going.

The vote was fraudulent in as much as many did not understand it. It should have asked the honest question "do you want to keep the euro?"

The Anan Plan was fraudlent. People asked to vote on 13,000 pages of Turkish demands.

This vote was straightforward, do yoh want to keep taking it up the ass or stop.

People chose to stop.

My prediction 65% oxi and 35% nai.

Good luck Ellada exei O Theos.

[Nikitas]

The vote was fraudulent,

But of course it was. As was everything else done by the Syriza lot.

The Thessaloniki programme was a fraud they knew could not happen, but they cynically promoted it to win the election.

They promised to abolish the agreements with the creditors with "one law containing a single article" and Mrs Constantopoulou told us that was a mere figure of speech.

They damned the Hardouvelis email that promised ONE billion additional austerity, and now they are ready to sign EIGHT billion austerity measures.

Fraudulent is the polite term. There are others.

[miltiades]

The vote was fraudulent,

But of course it was. As was everything else done by the Syriza lot.

The Thessaloniki programme was a fraud they knew could not happen, but they cynically promoted it to win the election.

They promised to abolish the agreements with the creditors with "one law containing a single article" and Mrs Constantopoulou told us that was a mere figure of speech.

They damned the Hardouvelis email that promised ONE billion additional austerity, and now they are ready to sign EIGHT billion austerity measures.

Fraudulent is the polite term. There are others.

Nikitas, with all due respect, there was nothing fraudulent about the referendum, Im just an observer, neither do I support one or the other, you wrote earlier on that you expected the Yes to win, your prediction was that of a supporter of the Yes camp. Alexis Tsipras has made his mark on the European Union, the question now is will he make his mark on the Greek economy. Will Greece sail through ? I think so .

[Get Real!]

My prediction 65% oxi and 35% nai.

You can't do that when it's almost over!

[Nikitas]

Miltiadis said: "nothing fraudulent about the referendum"

Look at the piece of paper itself. It asks people if they reject OXI, or approve NAI, of the deal offered by the creditors. This deal was dead and expired last Thursday. So people voted on a non existent proposition.

That in my book is fraud.

Looking beyond that, the net effect is that the Greek people are like the client facing a three card trick and putting money on all three cards. Now Tsipras must show his hand, something he has stubbornly refused to do since January 25. To tell us finally what is his plan, we still do not know.

Hopefully he will reveal his plan tomorrow at the political party leaders council.

And again, remember who won this referendum, Syriza containing mostly PASOK transferees, people who officially believe in chemtrails, and the nazis. And that explains why he is calling a meeting of the political leaders tomorrow, he cannot appear in Europe with his chemtrail-nazi backing as evidence of support from the Greek people.