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Forums - Politics Discussion - Greeks, what will you vote?

nanarchy on 30 June 2015
routsounmanman said:
nanarchy said:

Iceland didn't default, the iceland privately owned banks did, they collapsed completely leading to a meltdown of their financial system and currency, the government had to nationalise the banking system and secure very large loans from the IMF. because of that iceland still has a massive debt to pay. Also it didn't recover in a year, it took about 4 before they started to grow again and they are still under capital controls.

Meanwhile, Greece opted to not default, take crazy amount of austerity measures and is in a worse condition than it started (exluding the primary surplus).

GDP -26%

Unemployment 27%

Pension / Wage cuts 30 - 50%

Debt 170% of GDP 

yep and watch those numbers get significantly worse under default.



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Nettles on 01 July 2015
generic-user-1 said:
aaaaand greek has defaulted to the imf.

They may try to claim the debt in gold? Greece still has over 100 tons.



nanarchy on 01 July 2015
Nettles said:
generic-user-1 said:
aaaaand greek has defaulted to the imf.

They may try to claim the debt in gold? Greece still has over 100 tons.


100 tons of gold doesn't even cover this months payments. I am sure the IMF and ECB would happily accept gold if they had enough.



Nettles on 01 July 2015
nanarchy said:
Nettles said:

They may try to claim the debt in gold? Greece still has over 100 tons.


100 tons of gold doesn't even cover this months payments. I am sure the IMF and ECB would happily accept gold if they had enough.


You should recalculate.

(100 tons=Troy Oz) 2 916 666.67 x 1051.60 (EUR price per Oz)



nanarchy on 01 July 2015
Nettles said:
nanarchy said:


100 tons of gold doesn't even cover this months payments. I am sure the IMF and ECB would happily accept gold if they had enough.


You should recalculate.

(100 tons=Troy Oz) 2 916 666.67 x 1051.60 (EUR price per Oz)


nope, you need to.

that comes too  3,067,166,670.17 Euros

 

They owe

IMF 1.5 billion Euros today and the ECB 3.5 billion Euros July 20, hence no they don't have enough gold to cover this months payments, they are about 80-90 tons short



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Nettles on 01 July 2015
nanarchy said:
Nettles said:


You should recalculate.

(100 tons=Troy Oz) 2 916 666.67 x 1051.60 (EUR price per Oz)


nope, you need to.

that comes too  3,067,166,670.17 Euros

 

They owe

IMF 1.5 billion Euros today and the ECB 3.5 billion Euros July 20, hence no they don't have enough gold to cover this months payments, they are about 80-90 tons short


Ok my mistake, thought you were referring to the payment just missed only.



generic-user-1 on 01 July 2015
Nettles said:
generic-user-1 said:
aaaaand greek has defaulted to the imf.

They may try to claim the debt in gold? Greece still has over 100 tons.

im pretty sure the gold is used as security for all troika loans. if its used for any.   and getting the gold of a defaulted country isnt so easy.



routsounmanman on 01 July 2015
palou said:
routsounmanman said:

Meanwhile, Greece opted to not default, take crazy amount of austerity measures and is in a worse condition than it started (exluding the primary surplus).

GDP -26%

Unemployment 27%

Pension / Wage cuts 30 - 50%

Debt 170% of GDP 

What do you hpe from a default?

Greece has no insdustrial sectors to take profit of a week dachme, and the new government & local banks won't have money to help create new ones.

A week currecny will just further reduce the country's GDP, by alot.

You simply cannot understand our situation it seems. As a nation, we have NO HOPE. I am a young Greek citizen, who has been told that he owes a great deal of money, that he stole, that he's lazy and Europe's black sheep.

The troika keeps bombarding us with austerity to death and noone seems to care.



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manuelogando40 on 01 July 2015

Wrooooong!!!!

Preasure?¿?

What preasure?¿?

You are being deceived by your President . You're going to vote on something that no longer exists .

Tsipras lies. Good luck.

"Every day I look in the mirror and ask myself: "If today were the last day of my life, would I want to do what I am about to do today?". If the answer is no for too many days in a row, I know I need to change something"

Steve Jobs

routsounmanman on 01 July 2015
manuelogando40 said:

Wrooooong!!!!

Preasure?¿?

What preasure?¿?

You are being deceived by your President . You're going to vote on something that no longer exists .

Tsipras lies. Good luck.


I know. And apparently the rest of Europe is all flowers and candy, right? When we go under and tremors reach Spain, it will already be too late.



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