The Greeks Vote Themselves out of Austerity!

The EU may be becoming more autocratic but that makes no sense whatsoever while one member country, Greece, doesn’t seem to want to obey the rules; Greece wants the money alright but that has to mean that Greece also accepts the rules…

…and unfortunately for Greece ‘austerity’ is the rule that its creditors require it to obey.

“becoming more autocratic” could be a euphemism for ‘putting on the frighteners’. That won’t work because in all probability the Greeks believe that they’ll get the EU cash they need anyway.

But CD I fear you are missing the key point which is that what was said yesterday and the day before will be gain said and manipulated exactly as it had been for the last three years or more. It’s called Cluedo with the emphasis on the middle two letters and the players who play by the rules lose. Greece is doing well because it hasn’t played by the rules from the start of the game many years ago…….

Anyway I would imagine the Greeks will be told to go away and hold another vote and to return when they have got the right result. That is normal EU practice…..

The EU may be becoming more autocratic but that makes no sense whatsoever while one member country, Greece, doesn’t seem to want to obey the rules; Greece wants the money alright but that has to mean that Greece also accepts the rules…

…and unfortunately for Greece ‘austerity’ is the rule that its creditors require it to obey.

“…ever more autocratic…”

Add to that; sclerotic.

Indeed – but less than two thirds of less than a two thirds turnout. Not really that overwhelming as a percentage of the Greek population….

But regardless of the individuals concerned – be it Yanis or Euclid – my money is still on the endlessly lengthening game because the bottom line is that the EU apparatchiks simply cannot bear to see their beloved creation break asunder before their blinkered eyes. Somehow, somewhere the Greeks will be kept afloat and we will lurch towards yet another ignominious act of this ludicrous Greek tragedy. And with each act the EU is made to look ever more ridiculous and ever more irrelevant and ever more autocratic..

Well, the Greeks have voted overwhelmingly to…..ignore reality!

Thankfully, though, Yanis Varoufakis has chosen to fall on his sword, or has been pushed onto it! Still, I suppose he figures he has enough material for a couple more books on ‘game theory’ or ‘Marxist economics’ and can probably set himself up on the lecture circuit for the foreseeable future with ‘Yanis Varoufakis – How I Destroyed the Euro!’ or ‘Yanis Varoufakis – Most Dangerous Man in Europe!’

End of the day, it will get sorted, the EU cannot afford for the Euro to collapse, the rest is just gesturing by a bunch of self opinionated windbag politicians. One cannot see Merkel playing fiddle as the treaty of Rome burns

You can bet your life on yet another fudge. Nothing whatsoever can be allowed to undermine the Eurofederal project. Nothing.

Greece now plans to hold a referendum on whether to accept the terms of its creditors! Incredible!

I’ve said it before but you can’t just ‘vote’ yourself rich (or out of debt)! This isn’t democracy, it is delusion!

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

Honestly, what’s the point? When the referendum is held, on 5th July, Greece will already be in default surely? Is this just more brinkmanship or an attempt to buy time? I’m pretty sure I can predict the result of the referendum now; the Greek people, who think they’re having a tough time, will reject the demands of their creditors!

So, what then? Default, collapse of banking system, collapse of economy and chaos? I think the feeling in Greece is that it couldn’t be any worse than austerity but I think it is going to be a lot worse for most of the Greek people.

And can the EU let it happen? What then for the Eurozone and the ECB? Will the IMF allow the ECB to allow the unthinkable to happen to Greece even if the ECB was prepared to let it happen?

Can anyone credit the on-going farce of this endless EU/Greece soap opera being acted out anywhere else on the globe. The outcome has been known for months – years!! Probably not as there is no other political grouping remotely comparable to the EU.