Back To The Table

[Jordyboy9]

GREEKS have said NO

[emeritus]

Has it been announced ? Link please

Polls only closed less than 2 hours ago

[jno]

as is their right. It made sense to poll public opinion on a matter as urgent and divisive as this, whaatever the outcome.

[jno]

early results showing a 60-40 split

http://www.bbc.co.uk/news/world-europe-33403665

[bazwillrun]

Cant see anything...polls suggest no, be we all know how reliable they are

[Sqad]

LOL...so have the IMF. the ECB, the German Government.....so where do we go from here?

They will never leave the Euro...........so.........more time will be given and perhaps even more money given to them.

[douglas9401]

Expect a plan b announcement whatever the result.
The Euro mentalists will move heaven and earth to save their ill conceived one size fits all currency project even though those of us living in the real world can see that it's all just face saving.

[bazwillrun]

The last thing the eussr wants is countries leaving the empire !

they wont kick them out, if they do it will be as a last resort to save their face and to punish greece, but they will still have plans to get them back under their rule at a later date...they want control of every nation in europe if possible and wont stop until they either get their way or are stopped...hitler knows all about the last one !...merkel is using captalism whereas hitler used militiarism...either way its germany trying to do what its wanted for the past 100 or so years...them ruling a european empire.

[mushroom25]

mr tsipras has said a "no" vote will strengthen greece's bargaining position. but, if there really is no money (as robert peston was suggesting not 10 minutes ago), how can that be?

[bazwillrun]

but its not just about the money !...

[New Judge]

If indeed the result is "No" then there is no table to go back to. (In fact, even if the vote was "Yes" it is questionable what would have happened as the original bailout offer had lapsed).

Following a "No" vote there will be no need to expel Greece from the euro as in a very short time the country will have no euros to use. The government will have to issue IOUs to pay their bills and salaries (which will not be accepted outside Greece). These will have to be converted to a new currency which will have to find its (low) level before being accepted elsewhere.

Of course the EU could always step in to save their precious but ridiculous single currency from embarrassment but it is hard to see how if the popular vote in Greece rejects measures to instil fiscal discipline.

[Svejk]

If they're baled out again there'll be some other countries that will have a bit of that. And Merkel will be finished in Germany, imo.

[bazwillrun]

we can but hope Svejk

[tonyav]

It's a no vote.
http://www.msn.com/en-gb/news/world/polls-close-in-greeces-crucial-eu-referendum/ar-AAczVQY

[jourdain2]

Just commented on another thread on this. I wish the poor, ordinary people luck. Looks as if they will at least be able to strive for their own salvation. To have the hammerhand of the EU crushing and directing would be insupportable.

[bazwillrun]

exactly jourdain...they will be in control and whatever that brings

[ichkeria]

It has been pointed out that Greece traditionally loves to say NO.
I think it depends what the question is:
If the question is "Would you like another loan" then the answer tends to be YES :-)

[Peter Pedant]

// If the question is "Would you like another loan" then the answer tends to be YES//

OXI KPEOS - - - babies - ( no to debt )

other qq they would answer yes to are:
do you want all your debt written off ?
do you want to retire at some really stupid age like 50 ?
do you want the Germans to pay for your pensions in perpetuity ?
do you think tax should be voluntary and something someone else pays ?

I mean this is the basis of a modern democracy innit ?

[jno]

do you think tax should be voluntary and something someone else pays

No surprise that Amazons were Greek, then...

[Gromit]

The IMF, who are the main creditor, have conceeded that the Greek loans will have to be deferred and extended if they are to survive.

http://www.reuters.com/article/2015/07/03/us-eurozone-greece-imf-idUSKCN0PD20120150703

How that will go down with tax payers in Germany is anyones guess. But I expect the EU to do anything to save the €uro, even giving Greece a payment break.

[Peter Pedant]

Oh the game is lose now or lose later for the creditors

but the Greeks want more now and more later ( which they dont pay back ever )