Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

http://www.zerohedge.com/news/2015-07-01/europes-controlled-demolition

CNN reporting that Greek PM has backed down and accepted the deal he was originally offered. He has chickened out of losing the referendum on Sunday. There have been big demos in Greece in favour of Yes.

It is interesting that the Greek finance minister, who has been having the discussions with the lenders, is an academic economist and not a politician. He is also a mathematical statistician and a world authority in game theory. That last item may explain the brinkmanship and bizzare behaviour of the Greeks. I think he was under the impression that the lenders would blink first.

the real question is what deal has been done behind closed doors
racing certainty that tsipras now won't resign either; power is too great an aphrodisiac

One that the €urohuggers will want to avoid...


http://www.bloombergview.com/articles/2015-07-01/europe-wants-to-punish-greece-with-exit

sorry, but a load of baloney

what you see on the surface, which is the superficial level on which this article seems to be focussed, has relatively little bearing on the real closed-door negotiations

tsipras has had his bluff called
eu - aka "the west" - almost certainly wants tsipras to fall on his sword as he has promised ....... but will he now that he has turned full circle?
if there is indeed a referendum, which is now by no means certain, "yes" is now odds-on to carry the day

not every single eu and imf financier is a complete dunderhead, even though it is sometimes tempting to think so

i would therefore hope - i wish i could write "expect" with confidence - that once the dust has settled, some kind of manipulation will be effected that will to all intents and purposes, write-off a very significant part of the greek debt

assuredly greece cannot ever pay off the debt as it stands

tsipras brings a variation to the old adage about broker recommendations ......
when tsipras says yes he means no and when he says no he means i didn't really mean that

NO.

Like the market and some of the punters some are hearing, or not, and then interpreting according to their supposed needs.

Often proposing their own wishes or hopes!

Like old women collecting around the well in Portugal more interested in rumours than water!

You summed it up nicely in #61133 c!


"assuredly greece cannot ever pay off the debt as it stands"


Which is what anyone with any sense is saying, including Tsipras, but excluding the teutonic section, who are insisting on blood (plus the head)

When the bubbles got their first bailout in 2010 they promised cuts of something like 50bn € in return for the money, which they promised would be obtained through various means. That figure then went down to 30bn € after they took the dosh, and after 5 years they've actually saved about 2bn €.

If only they'd stuck to their side of the deal as Portugal and Ireland did, they'd be fine now. As I said the other day, this is a problem of their own making. They've welched on their side of the deal, and the troika are right to tell them to fcuk off imo.

ah but as i have also said, there must most certainly (i hope!) be a rather different hidden agenda, should tsipras fall on his sword as promised ...... also as posted before, lots of dirty politics being played out

that's great hils provided you're not one of the glicks on the street

It's the glicks on the street who voted the muppets in, Cyners. You can't have your cake and eat it.

Btw, WikiLeaks tweeted earlier that they're gonna drop a bombshell tonight re France, Germany and Greece.

Maybe Angie's into kinky threesomes? :o)

Syriza had nothing to do with the debacle that went on before it got into power, that was the other "responsible" Greek politicians.

Indeed the whole bail-out scheme was not of Syriza's making, that was the previous mob as well.

Syriza promised something they'd never be able to deliver. More fool those glicks on the street if they were stupid enough to believe them.

The French are quite open minded about legovers hilly, not at all sure about the Germans...and the Greeks, lol, don't bend over.

Hope springs eternal hilly, what else were the greek public to vote for, more of the same?

the average joe does not get any say in the reality of political life and economics