Greek Bailout Extension Refused

[mikey4444]

http://www.bbc.co.uk/news/world-europe-33300543

The Eurogroup are playing hardball here and tightening the noose another notch.

Perhaps as well as avoiding Tunisia, Brits should be thinking seriously about abandoning plans to fly out to Greece now, as it looks as if the sticky stuff is about to hit the fan.

[New Judge]

Just got back from Greece, Mikey.

The Greeks I spoke to are completely nonplussed by all this. Theye were most surprised that their plight is making such headlines. Having said that they all want to retain the euro and none of them want any changes to their pensions or taxes. And thereby hangs the tale. Something's got to give and I believe we are now reaching the point which should have been reached two or three years ago. They must be allowed to default, be expelled from the euro, revert to the Drachma (which will plummet) and abandon any pretensions they might have of being a competitive European nation.

[atalanta]

What the Greeks really want is to be allowed to spend other people's money.
Time they realised that the world doesn't work like that.

[Peter Pedant]

// Having said that they all want to retain the euro and none of them want any changes to their pensions or taxes. And thereby hangs the tale.//

yeah absolutely that - the Greeks dont want to pay for their pensons or to pay taxes, they want the Germans to

I reckon the Banks will close on Monday to avoid a run on cash and then the Greeks will boing out of the eurozone - whilst Tsipras still clowns around, shrugs and gives his stunning toothy smile

[New Judge]

I just hope you're right, Peter.
This fannying about has been going on for far too long. It's doing nobody any good - least of all the Greeks who are simply heading for a bigger, lest controlled fall as every day passes. This "moment of truth" should have been reached three years ago. But that's what happens when the Euromaniacs are allowed to let their vanity override common sense.

[woofgang]

so glad to be watching this one from outside the euro.

[DTCwordfan]

Aaaaah, Putin gets his cherished dream of a Russian naval and airbase squat in the middle of the Eastern Med, now that's brilliant. He also gets to finance the gas pipeline from W.Egypt/E.Libya across to Crete or Cyprus and into Greece (and then Sicily). Even better than letting in all those African immigrants, even more brilliance.

[jourdain2]

We're both singing the same song DTC!

[DTCwordfan]

this one perhaps, jourdain....?

https://www.youtube.com/watch?v=ZSL8mSraiZ4

[EDDIE51]

All the 'Smart Money' has already left Greece. The masses are now waiting to see if they get their pensions paid this month, payment due on June 30th.
49 % of all Greek family's rely on pensions as the main or only source of income and it looks like it will not be paid ( even if the banks are still open)

[mikey4444]

The ECB is going to end Greek bank lifeline today :::

http://www.bbc.co.uk/news/world-europe-33303105

[whiskeryron]

Thanks for the stirring you tube DTC. Sounds a lot more inspiring than God save our Queen.

[AlwaysConfused]

I'm off to Greece tomorrow

[EDDIE51]

^^ Make sure you take cash, banks and cash points will probably be closed.

[EDDIE51]

Cash in Euro notes that is!

[AlwaysConfused]

Have all my Euro's at the ready. I'm off to Zakynthos, the nearest bank is miles away from where I stay and the ATM's rarely ever work anyway.

[mushroom25]

//The ECB is going to end Greek bank lifeline today //

......but thye referendum isn't until the 5th. how is having a referendum going to strengthen the greek bargaining position? and why should the ECB/IMF wait for the inevitable "no"?

[mikey4444]

Good advice from Eddie !

You might still be able to use a Credit Card or Debit Card though, but I wouldn't rely on it. Millions of Euros are expected to be paid into Greek peoples bank accounts, in wages and pensions on the 30th. But if no money is forthcoming from the ECB, than these almost certainly won't be paid, so expect some civil unrest when you are there AlwaysConfused !

Where in Greece are you going to...mainland or the Islands ?

[Peter Pedant]

// Have all my Euro's at the ready. I'm off to Zakynthos, the nearest bank is miles away from where I stay and the ATM's rarely ever work anyway.//

well .... kalee merah is all I can say

and remember that oki is NOT OK but no
and yes is nai innit ? ( not good on modern Greek )

so when they run about on tuesday yelling OKI OKI
they are saying No no and not thank God there is a settlement to this crisis

[mikey4444]

Mush...if the the ECB pulls the plug today, the Referendum will be irrelevant.

What Tsipras was gambling on was that the ECB would pay some of the money, at least, before the Referendum was held. It was a delaying tactic, which looks as if it has failed. If the ECB really does pull the plug today, Greece will effectively be bankrupt, and the coffers will be bare.

[Peter Pedant]

The greek crisis is like a cross between The Cherry Orchard and something else
I refer to - - Mme Arkadina not being able to cope with the idea that the orchard will be sold and that something will come up