Exit Polls Suggest Syriza Has Won Greek Election

[Bereta_Eder]

There's no way for a member state to be "evicted" from the euro per se, but it can be led to do it.
For example, cut liquidity to the banks, promote a bank run and, if one depends on the ECB, it has a choice of a bail in or to get out and start printing money.

I've read a nice analysis that said that Tsipras will HAVE to fail because he has a whole conservative europe against him (don't know if the socialists parties in France and Italy count but you know... "socialism").

Anyway there's huge backlash from the left wing of syriza (known as the leftwing platform) particularly in what concerns privitizations.

As I have magnanimously predicted it's going to be a hard negotiation 'till June. And I said that even before there was the agreement.

[Bereta_Eder]

Meanwhile Greece has suspended football.
Great, if it suspents rock music too (as the communist party of old had said ) then all the revolutionary fervor of youth will go towards the revolution and not be diluted through "capitalist" means

[DinoDoc]

Great, if it suspents rock music too (as the communist party of old had said ) then all the revolutionary fervor of youth will go towards the revolution and not be diluted through "capitalist" means

“If I can't dance to it, it's not my revolution.” ― Emma Goldman

[FlameFlash]

I didn't say it reassured me either, just making an observation.

And partially relevant to me since it momentarily increases the value of my 401K.

Ah, I wondered why mine saw a small spike recently...

[Bereta_Eder]

obligatory google translation article "from the other perspective" for colon


There is no third way

Hopefully the country closes five years in a program. All these years, society, public opinion, political parties, the political system have not been able to put up with the idea of the Memorandum. In other words, all the while the country is in ... denial, in a state of mass denial of reality.

Once George Papandreou signed the first Memorandum of 2010, no one believed that something good could come out of this story. On the one hand, the House voted the "mnimoniaka 'bills and the other the current government was looking for ways to make them inactive in practice.

So never actually did not go to reduce the public sector, the opening up of professions, the 'small' PPC, privatization, tax evasion, the zero deficit clause in supplementary funds, special wage and more.

Instead, the respective governments prefer easy, horizontal solutions such as cuts in wages and pensions, citing pressure from the troika in order to get the dose kynigagame always in the nick.

Evangelos Venizelos took over and threw the idea of political negotiation, to turn back from Brussels with the famous "hike PPC" in his luggage, which by special tax became permanent, renamed ENFIA and now who knows how. Fantasy, however the naming there ...

The government of Lucas Papademos, despite the broad support that supposedly was not able to complete the work that was undertaken by implementing changes that none of the major parties then undertook not do fear the political costs.

The then anti-memorandum Antonis Samaras with "Zappeion" promised that he had the solution to disengage from understandings that no third way and the voters followed him. Only to come to power and then become a champion of the Memorandum, which originally applied scoring return to the markets and then ... tore, leading again to the outside markets.

Alexis Tsipras denounced mnimoniakes policies and promised his own third way to exit the Memorandum, "haircut" of debt, expulsion Troika etc, which again electoral audience was ready to accept. But suffice few days of tough negotiations to find that we can not move forward without program and rightly anekrouse stern.

It is now clear that there is no third way. Within the euro played with certain rules imposed on them the majority of the powerful and to change is more than certain that needs work too ... and money.

At last, after five years should be reconciled to the idea that we should implement the memorandum. Stop looking sidings, windows and cracks to get away. To stop chasing chimeras and become realistic.

Because otherwise we do not go anywhere. Just will continue to turn around ourselves, in a recessionary vortex, at all levels, economic, political, cultural, from which we can not escape.

Since 80% of the Greek people want to remain in the euro, the changes must be made to enable the economy to be competitive in the context of a strong currency are specific and are described more or less in the Memorandum. And finally, in one way or another and always delayed apply.

Let's evaluate the new government from the "menu" of the program as very well done, what changes it considers important to the economy recovers and put them in front, stopping the rhetoric that rip, finish understandings, eliminates the Troika etc.

Other countries have accepted their situation and the parties cooperated in a common goal, gradually apomplekontai the control of the troika. We from where we were with one foot outside the memorandum, we come to the markets, negotiating the auxiliary ECCL line for a year and leaving the memorandum then we turned back.

We are outside markets, with funding gap means that we need new aid, which as we know is only available with a memorandum, or we say so or not. Which means a new program, contract, agreement or as otherwise call. That is, another 3-4 years under the supervision of the troika of institutions or of little consequence.

Let us accept the reality and stop closing our eyes, baptism fish meat. There honors us. It is the worst attack even by troikanous nodded our finger.

[Dinner]

http://uk.mobile.reuters.com/article/idUKL5N0VZ1AT20150225?irpc=932

Well, that didn't take long, just one day, before Greece declares they will break the new agreement. The deal requires Greece to not slow down or stop privitizations yet one day later Greece says they will do just that with the bloated, inefficient, yet legally granted monopoly power utility.

**** Greece. Agreements which they sign aren't worth anything just like agreements Russia signs aren't worth anything.

[Bereta_Eder]

The aryans are marching on

[Bereta_Eder]

And of course, the agreement is vague enough so as not to say what you said.
DING! WRONG AGAIN!

It says to go on with privitizations that are already on the way. There are not even offers for these companies according to your article. Hence there is nothing to continue.


Besides with lignites, Greece has basically free energy.
Try to find that in your saucerland Oerdino.

Also, if I'm not mistaken selling the PPC is not an EU requirement. Just a troika requirement. The one that they say will still run the show? It doesn't!

EU only asks to differentiate the energy mix. (I think) and since EU is the only legitimate democratic institution with which to talk, I guess that's the result.
Breaking up state monopoly is already being done through RES contribution to the mix not by selling lignite mines for a dime.

Democracy

(I agree that some privileges in the employees of PPC have been scandalous and will unfortunately need to be scrapped. Oh wait, they already are! So go fishing!)

[Imran Siddiqui]

And of course, the agreement is vague enough so as not to say what you said.
DING! WRONG AGAIN!

It says to go on with privitizations that are already on the way. There are not even offers for these companies according to your article. Hence there is nothing to continue.

Exactly. Some people just want to jump on Greece so badly though

[Colon™]

The aryans are marching on

Oh god...

Greece: give us money
Lenders: ok, if you'll do this and that in exchange
Greece: agreed
...
Lenders: hey, you're not doing what we agreed upon!
Greece: FASCISTS!

EVERY SINGLE ****ING TIME

[Bereta_Eder]

that was for oerdin p'tit canard. we have a joke going on


alternative view

http://www.monde-diplomatique.fr/2015/03/HALIMI/52699

[N35t0r]

It's like they'd have wisened up and stopped lending a while ago, unless...

[Bereta_Eder]

It's complicated.

[Sava]

It's like they'd have wisened up and stopped lending a while ago, unless...

No. The evil lazy Greeks forced them to lend money.

BTW, Germany has no moral standing to complain about paying debts off.

[Main_Brain]

:shrug: So far it all following standard IWF Procedure (Verge of Bancrupcy-> Request Help -> Credit line +Forced Free Market Reforms-> Debt Reduction)