Greek election - January 25th 2015

[Zanas]

Syriza 36.36% vs. Potami 6.04% now.

How much does that have to move before seat 150 flip?

0,01 or 0,02%. Not kidding.

[Zanas]

Syriza 36.36% vs. Potami 6.04% now.

How much does that have to move before seat 150 flip?

0,01 or 0,02%. Not kidding.

hmm It is 36.38-6.04 now whitout them moving it.

Make that 36.39 and you've got it.

[Zanas]

Now begins the inevitable clash between the Teutonic troika and people's democracy. My solidarity is with the latter.

Why should there be a clash? Greece should be congratulated with, finally, achieving a political decision to leave the euro and the details should be peaceably worked out. Drachma will be reintroduced and rapidly devalued. EU, hopefully, would provide emergency humanitarian support for a few years and then Greece will resume its growth and development from where it had been in the early 1990s. 

Well, the clash is that Greece thinks that by the vote today they can achieve a debt write-down without affecting everything else (being in Euro, access to capital markets etc etc) while those who hold that debt does not see it that way.  We will see who blinks first.  I implore the troika to hold firm and not allow this. 

You implore nothing at all. You're not living in the EU, mind your own business.

[Zanas]

SRIYZA is back at 36.36.  Looks like it will 149 seats.

Potami also at 6.05 now

With 6.05, Syriza needs 36.41.

[Zanas]

Hey, maybe SYRIZA steals their 150th vote from PASOK and not from To Potami after all.

Do you mean in Parliament or right now in the counting ? Because right now the highest mean allocation of the last seat is between Potami and Syriza, excluding the other parties.

[Zanas]

I was within 0.5% of the final result for 6/7 major parties -- all but ND, who I quite overestimated.

Well, no, you also underestimated Anel by quite a bit, like the bunch of us.

I'm good

Yes. Yes you are. I mentioned it in this thread an hour ago or so. YL was not too far off as well.

[Zanas]

Well, ladiesy and gentlemen, it's over. To Potami just crossed 6.06%, which makes Syriza in need for 36.43 to topple them for their 150th seat, and with 96.4% in this won't be happening. Syriza stays at 149. Good, but symbolically frustrating. Now, let's see what they make of that.

[Zanas]

Let us not overlook the satisfaction that the fascist party actually lost 50,000 votes in a situation of economical crisis and paranoia against the almighty banks-Troika-Merkel et al. I think we can nearly all agree on this one particular satisfaction tonight.

[Zanas]

If Tsipras insist on some sort of debt write-down. I can propose a compromise (which I know there is no hope for anyway) which would be a debt-to-equity swap.  Since the Greece debt/GDP is 175% and the Eurozone limit is 60%, what we can do is to swap 115% of the 175% debt into equity.  That 115% can be swapped into shares which allow the owner of said shares to own part of the Greek economy.  Lets say 40% of the Greek economy can be swapped this way where that 115% of the debt is transformed into 40% ownership of the Greek economy.  All Greek income will be subject to an extra 2.5% tax to pay for dividends to said shareholders who can then buy and sell these shares.  What is good about this setup are that these shareholders will do everything possible to push up Greek income instead of just pushing the Greek government for more austerity so their debt can be repaid.  They can even end up helping and pushing for (I cannot believe I am saying this) the Greek government to reduce the size of the black economy so to overcome tax avoidance since that will only increase their dividends.  Overtime as the Greek economy recovers the Greek government can even start buying back these shares from the market.  You have to get the current debt-holders to have an economic incentive to get help grow the Greek economy. 

Sorry, but this is just insane. Greece is not a cake you can tear apart and give to the plutocrats out there. Well, yes, it is, but it shouldn't stay that way, let alone worsen that way.