Greek Government bottles it!

[beorhthelm]

Whilst what you say is true - what did you expect them to do ?

i expected them to not play such a fast and loose game with their economic prospects, not to draw red-lines that would never be acceptable, not to play hardball on negotiations when needing another bailout and, when trying to call the bluff of the EU, not run back afterwards with their tail between their legs nullifying the whole premise of the vote. they've made themselves weaker, they could have agreed to all the terms on offer on 26th and been in a better place than today. Syriza has spent 6mths trying to convince their people they can have no austerity and stay in the Eurozone, now they are facing a future with austerity and being exiled from the euro. fail.

 

[Chicken Runner61]

They were buying time in the hope something would come up, there was no way they could pay 17 days ago - All they could do was/ is to draw the whole thing out - europe might as well take a massive haircut because they are going to get nothing adding more interest to what was lean't previously

 

[Beach Hut]

What I find very strange about this is that when the inevitable bail out is agreed in 12 months time Greece will no doubt require a 5th bail out as the root cause is the inability of Greece to govern itself.

 

[drew]

I'm in favour, but it needs to be managed with firm but fair governence. The problem is that too many politicians have their snouts in the big business trough, so the profits are privatised and the losses are nationalised. I sound like a left-winger, but I'm not.

I just feel as though Joe Public is screwed over by the elite, and the political classes don't help. Look at Blair and the way he's lining his pockets like a good socialist.

But if you had genuine capitalism as you seem to suggest then Joe Public would get well and screwed over. Banks with savings would be allowed to collapse. Market forces would just mean employers could do and pay what they could get away with. No regulation of any industry would dramatically put consumers at risk from unscrupulous business.

 

[Deleted member 22389]

Once again it was scaremongering and bullying that forced Greece to cave in.They will be back in another few months for the same thing to happen all over again. They would have been better coming out, going back to their own currency. It would have been tough at the start, but they would eventually be far better off and more people would have supported that. Greece can't cry about this now, they had their opportunity to change the history of the EU and blew it.

 

[Herr Tubthumper]

No chance of Greece leaving the EU or Eurozone.
No chance of Britain leaving the EU.
No chance of the Euro failing.
You heard it here first.

Agree

 

[Herr Tubthumper]

Once again it was scaremongering and bullying that forced Greece to cave in.

First, nothing is agreed yet so you're being a little premature. But, Greece has the option of pulling out. It's for them to decide if they want to fully leave the EU, leave just the euro, or negotiate terms to remain inside. I think you're being a little disrespectful by suggesting the Greeks are being bullied and are believing any scaremongering you perceive. They will make a measured decision on the facts.

 

[surrey jim]

First, nothing is agreed yet so you're being a little premature. But, Greece has the option of pulling out. It's for them to decide if they want to fully leave the EU, leave just the euro, or negotiate terms to remain inside. I think you're being a little disrespectful by suggesting the Greeks are being bullied and are believing any scaremongering you perceive. They will make a measured decision on the facts.

http://news.sky.com/story/1517940/greece-secures-new-bailout-deal-from-creditors

It is confirmed that the basis for a new financial rescue package has been agreed at a summit of eurozone leaders in Brussels.All-night negotiations in Brussels have resulted in the foundations of a new bailout deal for Greece being agreed.
More follows...

​

 

[Guy Crouchback]

It's official...

http://fakty.interia.pl/raporty/rap...est-porozumienie-w-sprawie-grecji,nId,1850613

... a sad day for Europe. I hope it's the beginning of the end of the EU; no union that disregards their own law, common sense and common decency can stand.