Greek Referendum on IMF/Troika deal

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S*** is about to go down.

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http://www.bbc.com/news/world-europe-33303105

Jesus.

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Voting No is the only way out. A Yes vote is an endorsement of what we've seen these last five years. The cycle cannot continue indefinitely.

Grexit will be painful but so will never-ending austerity.

[BaconBacon96]

Voting No is the only way out. A Yes vote is an endorsement of what we've seen these last five years. The cycle cannot continue indefinitely.

Grexit will be painful but so will never-ending austerity.

Ideally, they would vote yes, change the government and then negotiate a less painful Grexit.

Realistically though, would a New Democracy led government actually be willing to go through with Grexit? I'm not sure about that.

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Greece has entered arrears.

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http://images.businessweek.com/cms/2015-07-01/BN_070115_9315.pdf

Here's his letter. I assume the Troika will accept it, if they don't then they would be shooting themselves in the foot, hard.

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Thing is, it was the EU who were the first to declare that a No votes means exiting the Euro, not Syriza. They can say they're being forced out by creditors who don't want to properly negotiate, even though they want to stay in

Obviously that's not accurate- but the Europeans have shot themselves in the foot by coming out and saying No means leaving first. If they didn't, they would have forced the Greek government's hand if No won.

[BaconBacon96]

Thing is, it was the EU who were the first to declare that a No votes means exiting the Euro, not Syriza. They can say they're being forced out by creditors who don't want to properly negotiate, even though they want to stay in

Obviously that's not accurate- but the Europeans have shot themselves in the foot by coming out and saying No means leaving first. If they didn't, they would have forced the Greek government's hand if No won.

Shot who in the foot? Who do they have defend themselves to on this?

They have to defend themselves to the Greek people, if they want a Yes victory on the 5th. Making declarations such as No means Grexit, however true they may be, only plays into the government's argument that the creditors are trying to intimidate the Greek people into submitting to their demands.

[BaconBacon96]

Thousands of KKE supporters held a rally in Athens Thursday calling for people to defy the government and vote with fake ballot papers at the referendum.  Not sure if that is the official position of KKE, which seems to be abstain.

Oh KKE so edgy.

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What in the heck...

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I'm thinking that maybe a whole lot of potential Yes voters just gave up and didn't bother turning out.

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Varoufakis has resigned.

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Tsipras has provided the Troika with head of Varoufakis as proof of his desire for a new deal

RIP FF.

[BaconBacon96]

Will he be able to get the deal through in Parliament without causing the collapse of his government though? I guess Tsipras could survive losing ANEL, but if large chunks of his own party starts to fall off he's in deep sh.it

It's been said that Syriza members who don't comply could be expelled. Nonetheless, I wouldn't be surprised if a number of them vote against it anyway and Tsipras has to use the votes of PASOK, ND and Potami to pass it. As for what happens to the government then, who knows.