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"to be fair"... really? he and Varoufakis burnt bridges and turned many of the europeans against them. they held out for an impossible deal, and have ended up with a far worse arrangment than they could have had back at easter. about the only thing they've gained i can see is slightly better...

cop out, he got voted on a platform of anti-austerity and delivered austerity++. now he wants out so he doesnt have to face having to run the country.

this is an incorrect argument, if you look into it you'll find there's a few billion a year spent by Greece on French and German arms (and they spent more on US arms). sure, not clever, but not enough to account for 380bn+ debt, not even a 10th of it. and no, they shouldn't have let them in...

this isn't quite the case though is it. firstly the debt was restructured and the reforms promised did not follow. second its rather difficult to agree to a debt write off at the very same time as being asked for a new bailout. the German (and other Europeans) position has been "we aren't...

the contribution is linked to each countries relative GDP: Germany is 27%, Cyrus is about 0.19% of Eurozone GDP.

this misses the point. the rest of Europe cant afford it, either way. there's not as much bank exposure as there was, about 50bn in total (and a about 1/5th of that is UK banks iirc). its not point banging on at the Germans about it, as you highlight all those in the single currency are...

im wondering if those that keep digging at the Germans as the main creditor (56bn) are aware that France, Italy, Spain and rest of eurozone countries are owed 42bn, 37bn, 25bn and 34bn respecitvley? and thats on top of the ECB loans, IMF and that still held by banks. i also wonder if its...

it isnt a threat from Germany, its a German making a statement of fact. Greece is technically insolvent, their banks only being propped up by the ECB. if they dont sort a deal, the ECB will have to withdraw bank support and Greece is bankrupt.

or 4. consequences are already largely priced in.

dont know your source, but that list of "bailouts" is ficticous. one of note, Bank of Scotland, doesnt even exist as unique entity (merged into HBoS about 2001), and Lehman Brothers was allowed to go to the wall.

well quite, and the whole past 6 mths has been Europe trying to make an accomodation while Greeks try to hold out for "no austerity". what i read though is the unilateral abandonment of talks and calling this referendum really upset alot of people in europe, thats no how they expect to do...

when the IMF start offering any debt relief themself, then that assessment will have some weight.

regardless of the outcome, they still have to go to Brussels to "negotiate" a deal. they are broke and their banks remain shut without external emergency funding.

if there wasnt so much at stake for the Greeks, this blind faith would be amusing. doesnt the other side have some say in this? Syriza constantly fail to recognise that they do not have a position of power in these negotiations, and a no vote from the Greek people doesnt alter this.

it was the Greeks that walked on negotiations last week and declared a referendum. they had 4 days of negotiation left, they folded. the subtext to this is that slowly they realise that they cant get the deal they want, and know the current deal wont pass their partners in government.

This has been the problem all along, with Syriza getting elected on this premise. it fails to recognise the rest of Europe disagrees. while they have tried to avoid allowing an exit, as its certainly difficult to let Greece go, in the end its a possibility and one that is probably more...

last night a Yes rally was apparently larger than the previous night No rally. i also read that the Greeks both submitted request for a new bailout of 29Bn euro and (seperately) offered to suspend the referendum if the terms of the current bailout can be deferred a few weeks. so they are using...

lets be clear, the referendum is not for in or out of Euro (much less the EU). its to ask if the people of Greece accept the terms by the lenders to provide a payment. so really it is absolving the government of making a decision - to accept the terms and row back on their election promises, or...

that would be Syriza, who have strung along the Greek public on the falsehood they could negotiate a deal, where they get to keep and enhance spending, while not able to afford the existing deal. behind the protestations and outrage from the Greek ministers, they were going to go back to...

financial decapitation is very much on the cards for them. default means no access to finance. no more debt, no more state funded largesse.