The Eurozone Crisis Thread

for all of the stereotyping ("greeks are lazy / shifty / uppity" etc) passing for serious analytical discourse, there's not enough "germans are stupid" and "capitalism is bullshit"

It's us and them all over again, innit. They're always wrong and we're always right.

they're wrong insofar as "they" are banks charging interest rates too high to pay back. always

is this a coup?

― hot doug stamper (||||||||), Sunday, 12 July 2015 Bookmark Flag Post Permalink

The third one?

By trying to push out Greece the Eurozone wants to send a 'this is what happens if you even try to contemplate leaving the Euro'. Its not about whether its worth saying, the alternative is too messy to contemplate, the show must be kept on the road.

There was a temporary Grexit idea last night - that has been dropped. The 50bn sell off of assets (i.e. negotiation tactic, also called waterboardng) seems to be a 'up to' 50bn now.

This morning Eurozone wants all sorts of checks to be consistently applied as it doesn't trust Syriza. Or something.

A deal has been reached. Struggle to imagine it could include handing ports and national grid to Luxembourg to sell off to the highest bidder but we shall see.

Tusk has confirmed rumours of agreement but says several national parliaments, presumably including Greece and Germany, will need to sign off.

The concession Tsipras was able to win was that the independent group in charge of selling off €50bn of state assets will be located in Athens rather than Lux. Wouldn't bet on Syriza getting this through parliament without falling apart.

Even the idea of selling 50bn in the first place is crazy.

None of this will gte sign off - see you this time next week.

It's not just the value - it's the nature of the assets. Strategically and psychologically, losing control of Piraeus and other key ports would be a massive blow and I can't see how Tsipras would be able to convince Independent Greeks or his own party, let alone the majority of Greeks who voted against much less extreme measures, even if he'd had some sleep last night.

Agreement details here:

http://www.consilium.europa.eu/en/press/press-releases/2015/07/pdf/20150712-eurosummit-statement-greece/?utm_source=DSMS&utm_medium=email&utm_campaign=Euro+Summit+Statement+12%2f07%2f2015&utm_term=952.16310.1082.0.16310&utm_content=all+customers

http://www.newstatesman.com/world-affairs/2015/07/yanis-varoufakis-full-transcript-our-battle-save-greece

what a tool

cant believe that ppl who have to make shit happen didn't welcome his awesome powers of theoretical/analytical framing

Sounds as good an alternative to what is currently being proposed.

greece should sue the british for $50b for stealing the elgin marbles

ppl who have to make shit happen

serious, grown-ups, rite?

lol u a power worshipper

Obviously not democratically elected politicians. Anyway, when's the UK referendum, I've changed the position I've held all my adult life and now want out of the EU ASAP.

We can't live in this Marxist utopia folks. Bills have to be paid, and in full too.

Hey if all the EU did was listen to Russell Brand twats like the IMF nothing would ever get done.

this is a textbook case of disaster capitalism, which naomi klein called a ways back

http://www.naomiklein.org/shock-doctrine/resources/disaster-capitalism-in-action/tags/greece

i hope they teach this at wharton and other MBA programs! destroy and privatize!

lol Naomi Klein rite on!

am I doing dis rite I've tryed not to spell anyting rite!

I think this sums it up best

https://pbs.twimg.com/media/CJzJhTtW8AAcnqg.png

not really

y knot

ooo dem wotten germans

lol u spelt 'rotten' rong

dem wotan germans

ruffly 90 purr scent of bale out munney went to banx not greeeeece

http://america.aljazeera.com/articles/2015/7/1/greek-bailout-money-went-to-banks-not-greece.html

now that's how you grow a national economy

lol Wotan tbf

omg to banx! I fot it went to the govt and then to ministers and then straight to the poor well the scales well and truly etc now

financial depressions are hilarious! 25% unemployment is funny!

http://www.tradingeconomics.com/greece/unemployment-rate

lol @ greece!

wait

if we agree not to lol at Greece, if we were lolling at Greece, then its going to be OK for Greece?

and you say Naomi Klein told you this?

man that's fucked up she should really be more careful about what she puts out there

everything is going to be okay for everyone forever as long as we continue privatizing profits and socializing losses

^ grown up serious ppl making shit happen

tch tch stop laughing at Greece

darraghnebb

This is the least justified position of condescension since Raccoon Tanuki in his early 2015 prime.

lol milo

I for one am glad that someone is finally speaking truth to power

I'm....not sure what valuable discussion I've been detailing here by offering dissent at what seemed a suitable level for the audience at the time. flopson and xxxyyyz haven't posted all day and all matt offers is rote meta zing based on obscure jol beef.

the rest pff

rote meta zing based on obscure jol beef

wait I thought this was your schtick

Hey, hold on, Jol Out has made it across the Atlantic?

xyzzzz was the 1st person to respond to you d

I know but not since then, besides I've an email from him circuitously provoking me about sf that I want to consider in full before responding

lol at jol out travelling power

OK I'll take evening off from thread I promise God bless all here

Ah ok it's just not always 100% clear where the "of course I'm being asinine what do you expect talking to these plebs" section starts exactly

Legitimately think there could be a Brexit now after this. You've got the UKIP crowd, and a decent chunk of Tories who want out. Their position will be unchanged, although some Eurosceptic Tories are up in arms about the treatment of Greece from a national sovereignty point of view - e.g. that vile MEP Dan Hannon.

There's always been the old left anti-EU crowd, - Tony Benn and that - although fairly insignificant in recent years, there will no doubt be an upswing in left-motivated anti-EU sentiment. In Scotland anyway I'm seeing a lot of disillusion from left-wing internationalist, pro-independence, erstwhile pro-EU types.

Yes, fuck this shower of free market shitheels.

Kinda feel that Brits have to get really desperate before voting against status quo - fear that you personally might be worse off tends to trump all other concerns, cf well you know