Cyprus-Forum.com

[cypriotnado]

It seems they have a deal??? No details as yet

[cypriotnado]

Eurogroup president Jeroen Dijsselbloem tells the press conference that €50bn of Greek assets will be transferred to a new fund.

That fund will contribute to the recapitalisation of Greek banks.

Greece has lost fiscal sovereignty will its parliament except these terms. They and several other parliaments need to ratify by thursday.

'I said before the referendum that the situation would be worse after the referendum', Juncker says, and it is.

'This is a compromise, there are no winners and losers...'

[miltiades]

One hopes that a solution is agreed upon and that the on going suffering by the ordinary Greeks is given some hope.

[Paphitis]

Greece has been the big loser. Never seen a country so discredited since the surrender of Germany and Japan during WW2.

Greece needs to start believing in itself. Such a shame.

Really thought Tsipras was the man to make huge changes and destroy the Greek elites, nepotism and cronyism. Sad day for the little Greek Man.

[B25]

Greece has been the big loser. Never seen a country so discredited since the surrender of Germany and Japan during WW2.

Greece needs to start believing in itself. Such a shame.

Really thought Tsipras was the man to make huge changes and destroy the Greek elites, nepotism and cronyism. Sad day for the little Greek Man.

Paph, you should not say Greece, but Tsipras. 61% of Greece voted to stick it to them, Tsipras bottled out. He is not going to be very popular back at home for sure.

Have you seen the thousands of messages on his FB page telling him to come home and not accept.

[Nikitas]

Cyprus, Portugal and Ireland faced worse problems in some ways, and they managed to extricate themselves in two years and be back in the international money markets. So it is possible to tackle this problem if you apply common sense and no histrionics.

Greece was posting a budget surplus, 3 per cent GDP growth and a deficit of one billion in December 2014, and in comes boy wonder with his merry band of psychos and within 6 months there is a budget deficit of 13 BILLION, drop of GDP by an estimated 3 per cent, some say more, a spurt of bankrupcies estimated at 60 per day, a spike in unemployment and the list of woes goes on and on.

The geniuses went into this with a spirit of conflict thinking that their half baked and antiquated marxist theories would "change Europe" and they would play daoulia and the money markets would dance to their tune, and a whole bunch of major bullshit.

Today we learned how not to negotiate.

Baroufakis, the man responsible for the negotiation failure did not appear in the parliamentary debate claiming urgent family matters. The insult to his 120 000 voters is obvious.

Hopefully this adventure will prove to Greeks that voting with your prejudices and relying on antiquated folk mytholgy is not the way to do it.

[cypriotnado]

Cyprus, Portugal and Ireland faced worse problems in some ways, and they managed to extricate themselves in two years and be back in the international money markets. So it is possible to tackle this problem if you apply common sense and no histrionics.

Greece was posting a budget surplus, 3 per cent GDP growth and a deficit of one billion in December 2014, and in comes boy wonder with his merry band of psychos and within 6 months there is a budget deficit of 13 BILLION, drop of GDP by an estimated 3 per cent, some say more, a spurt of bankrupcies estimated at 60 per day, a spike in unemployment and the list of woes goes on and on.

The geniuses went into this with a spirit of conflict thinking that their half baked and antiquated marxist theories would "change Europe" and they would play daoulia and the money markets would dance to their tune, and a whole bunch of major bullshit.

Today we learned how not to negotiate.

Baroufakis, the man responsible for the negotiation failure did not appear in the parliamentary debate claiming urgent family matters. The insult to his 120 000 voters is obvious.

Hopefully this adventure will prove to Greeks that voting with your prejudices and relying on antiquated folk mytholgy is not the way to do it.

Totally agree and well put!

Lets hope things dont get any worse.

[Nikitas]

"Tsipras was the man to make huge changes and destroy the Greek elites"

Why is it so wrong to have elites, if these elites got to their rank by hard work and genuine risk of their capital?

The assumption that all elites are somehow undesirable is one of the problems of Greece.

Just think how Greeks would have treated Steve Jobs if he had been Greek. Then you get the idea.

The biggest joke for those that know is the professed desire to tax the shipowners. The vast majority of Greek shipowning families are not even Greek nationals today, they are second and third generation citizens of the UK, USA and Switzerland thanks to the past policies of Greek governments that forced them to move away. It is interesting to ponder that all three of those adopted countries tax them more heavily than Greece, yet they would rather be there than here, perhaps because there they do not condemn elites without trial.

[Get Real!]

“Tsipras Has Just Destroyed Greece”

This is basically the same proposal as that was just rejected by the Greek people in the referendum…This makes absolutely no sense. The Tsipras Government has just:
• renegotiated itself into the same position it was in two months ago;
• set massively false expectations with the Greek public;
• destroyed the Greek banking system, and
• destroyed what was left of Greek political capital in EU.
If this deal gets through the Greek Parliament, and it could given everyone other than the ruling party and Golden Dawn are in favour of austerity, then Greece has just destroyed itself to no purpose.

“Syriza standing up to the Troika was tantamount to sending graduate students against a Panzer division. The outcome was predictable.”

“Syriza has thus managed to deliver to the neoliberals a victory more complete than they could ever have engineered on their own.”

http://themillenniumreport.com/2015/07/ ... ed-greece/

[Get Real!]

Tsirpas, has finally understood how the borrower/lender relationship works; the former bends over while the latter shoves deep!