He's got a tiny something, which explains a lot of things.Wrong. And why, given the results didn't endorse austerity (nor have the polls since) is it being imposed? Have you a tinyurl to explain that?
He's got a tiny something, which explains a lot of things.Wrong. And why, given the results didn't endorse austerity (nor have the polls since) is it being imposed? Have you a tinyurl to explain that?
Wrong. And why, given the results didn't endorse austerity (nor have the polls since) is it being imposed? Have you a tinyurl to explain that?
Ask the plebs and they'll always vote for less taxation and more spending. So what?
Ask the plebs and they'll always vote for less taxation and more spending. So what?
TBH I fear it will be tough, but the Greeks will find it tougher than most if they vote against the Euro. Despite the wet dreams some of you are having I see them slipping more in the direction of Nationalism and the far right rather than Socialism.
Article 44 of the Greek constitution requires a supermajority of 180 MP's to call a referendum on fiscal issues, national issues such as are we in the EU only require 151 MP's and since he first raised the issue in June he has got a law through Parliament that he would only require 40% support of the electorate in the referendum to get it to pass.Ask the plebs and they'll always vote for less taxation and more spending. So what?
it is a dead end referendum as well. No matter if you vote yes or no or do not vote as well, Greece will default. If we go ahead on this haircut deal the bigger problem will be experienced by the greek banks and social security companies anyway, because this debt is mainly been haircut, therefore there will be big liquidity problems within the greek banking system. The eurozone will need to give more money in order to capitalize the banks, so in reality nothing changes the debt remains mainly the same but it goes a few years back.Article 44 of the Greek constitution requires a supermajority of 180 MP's to call a referendum on fiscal issues, national issues such as are we in the EU only require 151 MP's and since he first raised the issue in June he has got a law through Parliament that he would only require 40% support of the electorate in the referendum to get it to pass.
It's referendums Hitler stylee
It does indeed look like the latest wheeze is to force Papandreou out, pretend that the word 'referendum' was never mentioned and get a 'Unity' Government elected pledged to remain within the EU (i.e. to adopt the austerity measures required in return for the bail out money).
Yet again the fly in the ointment for the markets and the political class is the growing realisation of the Greek people that whatever the decision they are the massive losers in all of this. As Dimitris says the Greek working class are screwed, the super rich have fled, ahead lies years of 'restructuring' that will see Greece as the low wage centre of Europe. In such circumstances the assumption underpinning neo liberal planning - that the Greek people will always vote to remain in the EU and this is how to dress it up - is surely no longer a foregone conclusion?
http://www.reuters.com/article/2011/11/03/greece-exit-commission-idUSB5E7LN00720111103 they really don't see the need for popular consent
By comparison, the EU's total debt-to-GDP ratio is 258.2%, while it's 242.2% for the U.S. and 243.8% for Greece, according to ISI. (Greek consumers are relatively frugal, with household debt equal to just 61% of GDP, compared the American household debt of 95.7% of GDP.)
Am I the only urb who has a soft spot for Farage?
Yes, no referendum.
Merkkozy got their way then.Yes, no referendum.