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Greeks vote to reject incumbants, austerity

For those who can understand german, i recommend this Volker Pispers video, starting at 1:11:40 in general regarding capitalism and financial crisis, and starting at 1:36:00 regarding Greece in particular.

Sure, it is political cabaret, but it is spot on.



Dunno if that exists with english subtitles somewhere, sorry.

Greetings,

Chris
 
Childlike Empress said:
Should be somewhere around here or there 9:30 am Brussels time, but I don't know if there will be translation.

The EP website which I navigated for the first time right now is almost as kafkaesque as the UN website... ;)
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Thanks for that. No fun trying to get the damn thing to play!
 
Aaaaaannnddd ... we have another, final, ultimate, set-in-stone, ne'er to be extended, fixed, unavoidable and undeniable deadline for a deal. Sunday.

It's almost funny, but it isn't.
 
GlennB said:
Aaaaaannnddd ... we have another, final, ultimate, set-in-stone, ne'er to be extended, fixed, unavoidable and undeniable deadline for a deal. Sunday.

It's almost funny, but it isn't.
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It's a farce. The whole thing is exploding in Tsipras's face. Varufakis probably quit because he made the ludicrous claim banks will be open on Tuesday if Greeks vote no.

He probably figured out that he didn't say which Tuesday, and that this wouldn't go down all that well with the electorate.

McHrozni
 
McHrozni said:
Varufakis probably quit because he made the ludicrous claim banks will be open on Tuesday if Greeks vote no.
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You do know where you can find Varoufakis' blog, do you? In case you don't, it is at:

http://yanisvaroufakis.eu/

And if you can't be bothered to find the post about him "resigning", it is here:

http://yanisvaroufakis.eu/2015/07/06/minister-no-more/

So, why all the speculation about things you clearly don't know anything about? It's not really hard to find the source. Or do you want to say he is lying? Or maybe, just maybe, you want to stick to you preconceived notions, no matter what the reality is?

Greetings,

Chris
 
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Christian Klippel said:
You do know where you can find Varoufakis' blog, do you? In case you don't, it is at:

http://yanisvaroufakis.eu/

And if you can't be bothered to find the post about him "resigning", it is here:

http://yanisvaroufakis.eu/2015/07/06/minister-no-more/

So, why all the speculation about things you clearly don't know anything about? It's not really hard to find the source. Or do you want to say he is lying? Or maybe, just maybe, you want to stick to you preconceived notions, no matter what the reality is?

Greetings,

Chris
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I've red that the day it was posted, I just don't consider his words to be truthful.

McHrozni
 
McHrozni said:
I've red that the day it was posted, I just don't consider his words to be truthful.

McHrozni
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He said they would open on Tuesday "With a deal", i.e. if there was a deal. What are your news sources? Fox, Daily Mail, Bild?
 
GlennB said:
Which also doesn't support your claim, as there he talks of 'with an agreement', either good or bad. There was no agreement either way and the banks stayed shut.
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Sure, keep telling yourself that :)

I find it fascinating how far and how low some people go in supporting their heroes.

McHrozni
 
Well, I won't be commenting here for some time now -not necessarily a long time-. Things are going to look now like something is really happening all the time, but essentially Grexit is going to be acquired in "comfortable daily payments" and all these extraordinary political events and big honchos' summonses are just white noise to that process. Basic laws of economy are unforgiving, and I'm not talking about the litany of lame platitudes regarding being indebted, but the fact that a country with a differential efficiency can't have a foreign strong currency as theirs, even less if they can't regulate the amount of money in circulation, the interest rate and both public debt and bank system are so hopelessly entwined that pulling a rotten tooth equals to pull all teeth out.

The only essential bit that matters now is the apparent lack of ability of Syriza to manage such a process in an orderly, quick and less painful manner. What a pity!
 
GlennB said:
Which also doesn't support your claim, as there he talks of 'with an agreement', either good or bad. There was no agreement either way and the banks stayed shut.
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Yes - and he stated blithely that he was "100% sure" of such an agreement. Therefore, in effect there was zero conditionality attached to his "the banks will be open on Tuesday" schtick. Clown.
 
LondonJohn said:
Yes - and he stated blithely that he was "100% sure" of such an agreement. Therefore, in effect there was zero conditionality attached to his "the banks will be open on Tuesday" schtick. Clown.
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Given that US Treasury secretary Jack Lew has lined up behind the IMF in support of Varoufakis' long-held position on the necessity for debt relief then perhaps V is not such a clown after all?

Meanwhile:

But the editor of a major German newspaper, Die Zeit, believes Tsipras’ “very clever game of chicken” will almost certainly pay off.
 
GlennB said:
If they don't provide liquidity in the very short term then Greece moves a big step closer to printing a parallel, internal currency. We'll soon see whether the Troika's political manoeuvring of the last months was actually geared to provoking a Grexit or was only about regime change. The latter has failed, in spades.
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aleCcowaN said:
I'm afraid they are more on the side of letting Greece marinate in her own juices for a little while...
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OR....
The banks are stepping away from a bad risk. (period)

There is after all , no law that says they HAVE to lend anyone anything.
 
GlennB said:
Meanwhile:

But the editor of a major German newspaper, Die Zeit, believes Tsipras’ “very clever game of chicken” will almost certainly pay off.
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Joffe is a core atlanticist publisher and long-time Bilderberg member. Maybe he knows something we don't. Paul Craig Roberts has an interesting take on the situation which might be too "conspiratorial" for many but agrees with Joffe that there'll be no "Grexit". That has been my feeling all along as well, and I think our Argentinian friend overrates the parallels between what happened to his country that frankly was pretty unimportant to the rest of the world at that time, and the context of the Greek situation right now. Not much valid prediction can be derived from a rational economic analysis here. We'll see.
 
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Childlike Empress said:
Joffe is a core atlanticist publisher and long-time Bilderberg member. Maybe he knows something we don't. Paul Craig Roberts has an interesting take on the situation which might be too "conspiratorial" for many but agrees with Joffe that there'll be no "Grexit". That has been my feeling all along as well, and I think our Argentinian friend overrates the parallels between what happened to his country that frankly was pretty unimportant to the rest of the world at that time, and the context of the Greek situation right now. Not much valid prediction can be derived from a rational economic analysis here. We'll see.
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Yep - anyone who says words like "Greece still remains in Europe, and therefore it will have access to all kinds of zillions of money" sounds like the kind of guy we should all be listening to seriously :p
 
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