greek bailout part one

[silverfir]

Can't believe there has been no discussion on this topic. So let me put something on the board. On the one hand we have a leader who was elected on an election promise of ' no more austerity'. Failure to get a deal for a third bailout without austerity measures plus, he calls a referendum, the result of which the Greek people say no more austerity, we don't accept the package on offer. What does their intrepid leader do? Well he negotiates a deal that is worse than the original and will now have to ask parliament to accept it on behalf of the the electorate. It could be argued that the mismanagement of the Greek economy has been obvious to all for many many years by successive governments, but this man's unrealistic promises have been blown out of the water.

[turtle]

I think we all new they would get a bailout ?

It was always on the cards.....no way would they let one of their own leave the euro or tyhe EU ?

[MoonageDaydream]

I always remember the old adage about "he who pays the piper......."

Its all very well voting 'no to austerity' but if Greec had been forced out of the Euro many of the pensioners we've seen queing outside banks for for a few Euros would have lost what little they had managed to save.

I think the best comment on the situation in Greece was made by Guy Verhofstadt MEP, you can see it here (in English): https://www.youtube.com/watch?v=P84tN0z ... e=youtu.be

[silverfir]

Mr Verhofstadt's speech at the European Parliament, with Mr Tsipras in attendance was excellent. A politician being truthful and telling it how it is. Seems to me that Mr Tsipras took all the points on board when you look at the deal on the table.

[Mimosanow]

All Cypriots must be so thankful that their island did not become a province of Greece back in the seventies.