Exit Polls Suggest Syriza Has Won Greek Election

[Bereta_Eder]

Greece has had the largest fiscal adjastement of any country in peace time period and lost 25% of its GDP due to ****ed up policies that simply don't work.
27% unemployment, overtaxation and you still want money?

Of course they are none.
Still, all the hupla is about the july compromise (or lack of)

Dinner's opinion is to do what exactly?

Probably more of the same.

That's the definition of insanity.

Or he's pushing for a grexit, so that all Europe can go FUBAR.

Grexit might be unavoidable in the end, but actively wanting it while saying that you want what's good for europe and greece, is just crazy.

But then again you are just a little cluless racist bastard.

[Bereta_Eder]

24th of this month is when Greece is supposed to not get it next bail out funds unless it finally comes up with a serious plan of cuts, asset sales, and tax increases to balance it's budget.

Impossible to do that. It's already been done and produced not only vast social pain but also zero results.

[Bereta_Eder]

There is money untill July BTW, but yes no more after that.
:shrugs:

[Bereta_Eder]

The last money was a bit over two months ago and was supposed to hold them over for three months so they could come up with a plan. They haven't and they won't come up with a real plan. They are out of cash now unless they can beg more.

Do you see anyone begging?

It's simple.

Anymore societal destruction will simply not take place.

Go kill and rape some iraqi and keep the advices for yourself.
Thankfully your idiocy is irrelevant here.

The debt is unservicable and everyone knows that.

[Bereta_Eder]

So while you shut the **** up let me educate you politely

In July there will be a compromise that will guarantee that there are no more pension cuts, and increase of minimum wage in due time, repopulating hospitals and other public facilities and a push over of the debt while at the same time a 30 to 40 bill. plan of current debt refinancing.

You can go and cry now

[OneFootInTheGrave]

What you Greeks should do is send your million unemployed to occupy Berlin and see what Germany says. Italians and Spaniards should also join you in their millions. Freedom of movement

[Bereta_Eder]

Our countries are too beautiful :/

[Fake Boris]

You again miss the point, that is interest comprises more than just default risk. Quoting an interest rate with no other consideration is like saying it's 20 outside without stating the units and claiming it's warm.

CDS rates can be found easily online, go find it if you want it.

Yes, and they're > 0.

[Dauphin]

Are you being deliberately obtuse?

[Fake Boris]

IIUC, a CDS isolates all factors that are not part of a "credit event" - i.e. partial or complete default.

[Sir Og]

...

Or he's pushing for a grexit, so that all Europe can go FUBAR.

...

Europe will be just fine. And what is more important Greece will be a lot better with an independent monetary policy. Of course all the positives from increased aggregate demand can be wiped out by the many ridiculous populist and communist policies that your government can come up with.
If you don't do some crazy stuff you will be at single digit unemployment and have the highest growth rate in Europe within two years of adopting the drahma again. (It's very likely that you will make lots of bad policy choices though.)

[DinoDoc]

Europe will be just fine. And what is more important Greece will be a lot better with an independent monetary policy. Of course all the positives from increased aggregate demand can be wiped out by the many ridiculous populist and communist policies that your government can come up with.
If you don't do some crazy stuff you will be at single digit unemployment and have the highest growth rate in Europe within two years of adopting the drahma again. (It's very likely that you will make lots of bad policy choices though.)

We're talking about the Greeks after all

[Sir Og]

We're talking about the Greeks after all

It's a human thing unfortunately.
The Germans faced with a similar situation in the past (massive unemployment, big debt, recession and deflation) did the exact same mistake as the Greeks today. They voted for a radical fringe party who's bad policy choices ultimately led to the ruin of the country.

[C0ckney]

it's the 'mainstream' parties that have ruined greece with their corruption and incompetence.

[Sir Og]

Sure, but I doubt Siriza will do much better than the NSDAP did in Germany 80 years ago.

(They will probably do better as in they will probably not kill millions or start any wars, but on the economic front they will certainly mess things up.)