Greek Crisis To Be Decided By The People

[Zacs-Master]

http://www.telegraph.co.uk/finance/economics/11702829/Greece-to-hold-referendum-on-bailout-deal-with-Europe.html

Although the EU are saying there's no deal on the table. Tsipras seems to have run out of options and thrown the towel in.

[ichkeria]

Clever move by Tsipras which actually was predicted by some commentators.
It basically shifts responsibility - or attempts to - for any unpopular measures from his government to the people thus possibly saving him from the extreme left of his party not to mention a fickle electorate
And it delays everything too
The EU and the banks can hardly go against the timing : but I suspect he'll be told 'this is the last time you'll get away with such a tactic'

[Zacs-Master]

Not sure whether it's clever, more desperate IMO. Time will tell.

[mikey4444]

Tsipras is just playing for time. The game is up here, and this is like moving the deckchairs around on the Titanic. Its just a desperate attempt to stave off the inevitable.

[EDDIE51]

What happens when they vote No?
No good Greece offering to raise cash by increasing tax when they never pay tax anyway. If they actually paid the tax that was due there would not be a problem in the first place, it is estimated that only 30% of tax due ever gets paid!

[venator]

The Greek farce just illustrates the unsound basis of the Eurozone experiment.

The Greeks will probably vote to stay in and hope for more money from those nice Germans, but whatever happens, it will be very relevant to the UK referendum...

[Peter Pedant]

whaaaa' ?
and so the IMF have to pay until he holds the referendum ?

hmmmmm

[-Talbot-]

To speed things up a bit, why not draught in Putin to run the referendum?

[Peter Pedant]

Putting putin in charge


that depends on whether you want a 'yes' or a 'no' innit ?

[Khandro]

venator;//The Greeks will probably vote to stay in and hope for more money from those nice Germans//
The Germans have I higher national debt G.D.P. than the Greeks!

http://www.nationaldebtclocks.org/debtclock/germany

[ichkeria]

They will vote 'yes' of course
How much longer Tsipras's government will last afterwards is uncertain though
I agree it is also a desperate as well as clever (or perhaps sly) move
Russian influence now probably minimal
Greece voted with the rest of the EU to uphold sanctions against that country without a second thought which indicates that they don't want to rock the boat more than they can help it

From Russia"s point of view why would they risk lending money to Greece anyway: it's not as if the Greeks have a good record of repayment!

[EDDIE51]

Bouncer33, read my question here
http://www.theanswerbank.co.uk/Business-and-Finance/Question1427920.html
In Greece you can earn a basic pension with just 15 years contributions.
Most people do that and then retire into the 'black economy' never paying tax again!