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Greece Rejects EU Terms

Posted by samzenpus on from the thanks-but-no-thanks dept.

New submitter Thammuz writes: With almost all ballots counted, Greeks voted overwhelmingly "No" on Sunday in a bailout referendum, defying warnings from the EU that rejecting new austerity terms would set their country on a path out of the euro. Figures published by the interior ministry showed nearly 62% of those whose ballots had been counted voting "No", against 38% voting "Yes". "Today we celebrate the victory of democracy, but tomorrow all together we continue and complete a national effort for exiting this crisis," Greek Prime Minister Alexis Tsipras said in a televised address.

4 of 1,307 comments (clear)

  1. This should be interesting by reboot246 · · Score: 1, Flamebait

    I've already got the popcorn popped and the news on.

  2. Re:Good for greece by Anonymous Coward · · Score: -1, Flamebait

    Lol. The EU is a corrupt old boys club for retired, unpopular politicians. nobody NEEDS the EU.

  3. Re:Good by Anonymous Coward · · Score: 0, Flamebait

    You clearly are oblivious on how IMF can ruin entire countries, how the Greeks are actually more hard working than Germans, and are actually scapegoated by the same Germans to whom the entire world had forgiven their debt after WW2, in which they killed how many millions of people?

  4. Re:Citizen of Belgium here by blue+trane · · Score: -1, Flamebait

    There is no production capacity shortage forcing scarcity on Greece. There is no physical scarcity. The scarcity is of liquidity, imposed by policy decision. Austerity economics is creating scarcity where none need exist. Austerity in Greece is not a physical necessity but an ideological creation of obsolete, feudal economic theory. Banks should lend freely to Greece as the Fed gave freely to AIG so it could buy T-bills at 3% and keep restructuring or rolling over the 0% loans.