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Greek elections

On the annoyance scale someone is going to have to go along way to beat Greferendum.
Greferendum is just supercrap, and barely has the benefit of the other neologisms - which are nice and short, very handy in the age of twatter.

Troika is fine, good even, makes perfect sense.
 
Lots of chatter about a possible deal in the offing, and it's just popped up on the Guardian live feed that Tsipras may go to Brussels tonight to hammer out details.

However:
BREAKING: German government official says it is now too late for an extension of the Greek bailout programme.
Germany playing the bad cop then.
Eu typecasting...
 
They want debt relief, continued eurozone debt relief and no real consequences.

That is not realistic.

The austerity imposed so far has not achieved what the Troika predicted it would achieve, Greek GDP is 25% lower than it was before the financial crisis, and 1 in 4 Greeks are unable to find work. Given all these facts, please tell us how realistic it is for Greece's debts to be paid off in the time-frame proposed by the Troika.

Can you respond to this post please Diamond?
 
Can you respond to this post please Diamond?

I'm not saying it's realistic that Greece can continue under its current debt structure.

What I mean is that it is highly unlikely that they will get debt relief in a satisfactory manner given the current political environment and european/eurozone constitutional constraints.

It's a pretty horrible mess.
 
From Graunid livefeed

Bookies William Hill have cut their odds on a No vote in the Greek referendum from 2/1 to 5/4, and lengthened the odds for a Yes vote from 4/11 to 4/7. ‘All the serious money so far has been for a ‘No’ vote’ said Hill’s spokesman Graham Sharpe.

Hills now offer 7/4 that Greece will leave the Eurozone during 2015, 2/5 that the country will stay in.
 
I'm not saying it's realistic that Greece can continue under its current debt structure.

What I mean is that it is highly unlikely that they will get debt relief in a satisfactory manner given the current political environment and european/eurozone constitutional constraints.

It's a pretty horrible mess.
Insightful, almost as detailed as the average Sun editorial. Fucked if they do, fucked if they dont, but they're also fucking idiots for trying to do anything but accept the status quo, and a slow death.
 
They will stay in unless they unilaterally decide to jump ship. Even then, I think they will be a most favoured nation for commerce and shit. They cannot be allowed to become a pariah.
 
I'm not saying it's realistic that Greece can continue under its current debt structure.

What I mean is that it is highly unlikely that they will get debt relief in a satisfactory manner given the current political environment and european/eurozone constitutional constraints.

What would you have proposed to the troika if you were in charge of Greece then?
 
New proposal by the Greek gov.. from Graunid

GREECE PROPOSES NEW TWO YEAR BAILOUT

The Greek government has proposed a new Two-Year bailout programme, according to news breaking in Athens.

This two-year programme would be supplied under the European Stability Mechanism and – crucially – would run alongside a debt restructuring. And it wouldn’t include the International Monetary Fund.

In a statement from Alexis Tsipras’s office, cited by Reuters, Greece says it is still at the negotiating table, and seeking “a viable solution, under the end, aimed at staying in the euro.”
 
What would you have proposed to the troika if you were in charge of Greece then?

Very difficult indeed and I do not know the answer to the question. In negotiation theory, the problem is that the two parties are miles away from each other on what they want and think might be productive however their BATNAs/WATNAs are so extreme that common sense seems to demand that they do a deal, however common sense went out of the window a long time ago on this one, mainly because of structural, political issues.
 
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