Greece crisis: Europe on edge over snap election

[The Merry Prankster]

"Sources in Syriza are saying that top government officials, including state minister and chief negotiator Nikos Pappas, the Greek prime minister’s closest political ally, have “packed their bags and are ready to return to Brussels” to relaunch negotiations, "

Not sure what they can negotiate with a NO vote

I'd say their position will have strengthened considerably since the last talks. The Greek government will have been shown to have the backing of the people and the EU will have failed miserably in their attempt at regime change PLUS the IMF have split with the Troika and said that essentially Syriza's assessment of the situation is the correct one.

 

[TomandJerry]

First official polls are expected to be released by Greece’s ministry of interior at 9:30PM local time (7.30pm BST), Helena Smith reports.

 

[beorhthelm]

...PLUS the IMF have split with the Troika and said that essentially Syriza's assessment of the situation is the correct one.

when the IMF start offering any debt relief themself, then that assessment will have some weight.

 

[TomandJerry]

Reuters is reporting that the Bank of Greece will ask the European Central Bank for more emergency liquidity assistance for its banks.

 

[Triggaaar]

Finance minister Yanis Varoufakis has told CNBC that Greece could reach a deal with its creditors within 24 hours, if Greeks vote No today.

Have I missed something or is that suggestion laughable? How could they suddenly reach agreement in 24 hours? Surely I'm missing something here, as that just looks like a crass way to fool the public into voting the way you'd like them to. Surely it should be the opposite. If people voted Yes, they accept the deal and it's done. Although I realise they wouldn't want to do that, despite the wishes of the people.

 

[TomandJerry]

Nikos Voutsis, Greece’s interior minister and a close ally of Alexis Tsipras, has just spoken to the media.

He says that participation rate is over 50%, meaning the referendum is legally valid (the threshold is 40%). Feedback from the public shows that the public are satisfied with the way the referendum was held.

And Voutsis says that we should get a good official indication of the result by 9pm local time, or 7pm BST. Not long to wait....

 

[Tom Hark Preston Park]

That baldie finance minister looks WAY too pleased with himself for my liking. Something not right there

 

[TomandJerry]

Breaking: almost 10% of votes have been counted so far, and no has a solid lead.

Greferendum: first official results at 7.4% of voters, "NO" leads with 59% to "YES" at 40% #Greece

 

[Vegas Seagull]

Breaking: almost 10% of votes have been counted so far, and no has a solid lead.

Greferendum: first official results at 7.4% of voters, "NO" leads with 59% to "YES" at 40% #Greece

Monster lead I'd say for the underdogs

 

[Ernest]

Greeks showing the way and others will be sure to follow

 

[Hampster Gull]

Breaking: almost 10% of votes have been counted so far, and no has a solid lead.

Greferendum: first official results at 7.4% of voters, "NO" leads with 59% to "YES" at 40% #Greece

Real time democracy

 

[Tom Hark Preston Park]

In the end the Greeks have nothing to fear. The Greek people will survive. The first world will not let them not survive, one way or another. Greece will be around in a thousand years. The troika and the euro? Not so much.

 

[TomandJerry]

Yes
39.76

No
60.24

With 14.59% of votes reported

 

[Hampster Gull]

In the end the Greeks have nothing to fear. The Greek people will survive. The first world will not let them not survive, one way or another. Greece will be around in a thousand years. The troika and the euro? Not so much.

The Greeks playing a massive game of poker. They will get another offer

 

[sir albion]

Around a 60% turn out and looks so far like a NO vote....If that's the case then bloody well done the Greeks as it will be great for them in the long term.

 

[Tom Hark Preston Park]

Around a 60% turn out and looks so far like a NO vote....If that's the case then bloody well done the Greeks as it will be great for them in the long term.

Damn right. Fantastic, if confirmed, that a nation has people, scared and under severe monetary pressure, who still have the balls to say 'F*ck You' to the moneymen whose naked greed and stupidity caused all this grief in the first place.

 

[TomandJerry]

No vote still ahead, with 20% counted

Twenty percent of the votes have now been counted, and the no side is holding onto a solid lead -- with over 60%, against less than 40% for the yes side.

 

[Buzzer]

Yes
39.76

No
60.24

With 14.59% of votes reported

Fantastic news.

EU: here's the deal
Gr: We don't like it, we'll put it to a referendum
EU: Eh? If you're going to use underhand tactics like putting decisions to a democratic vote then the deal is off
Gr: We'll still go ahead with the referendum though
EU: Well the referendum is now about whether you stay in the Euro. See how you like that
Gr: But you told us we can't leave the Euro without your permission. Anyway, the referendum is about your deal.
EU: [tries another tactic to scare Greek voters] Okay then...If people vote no then your country is really down the pan. We're talking armageddon, end of days.
Gr: We're down the pan as it is with your 20 years of austerity, your forcing of capital controls and your insistence that a country that's seen a 25% reduction in GDP try to run a surplus. The vote goes ahead.
IMF: Greece can't repay the debt. Trying to pretend otherwise is silly. We need to rethink this
EU: Shh....we told you not to publish that fact*



*Reuters report that EU tried everything to suppress IMF findings http://www.reuters.com/article/2015/07/03/us-eurozone-greece-imf-idUSKCN0PD20120150703


If Greece votes NO then this is fantastic news for democracy across the whole of Europe. People before money. I can get behind that sort of movement.

 

[Blue Valkyrie]

This Greek crisis has pretty much passed me by, as the economics are beyond me.

But basically, a NO vote is good, right ?

And it means Greek cash points stop working until they are booted out of the Euro, and fill them with their own currency ?

 

[Buzzer]

Apropos for no reason here's a photo of the then Greece prime minister signing an agreement at the London conference 1953 cancelling 50% of Germany's debt.