Grexit Daily News – 05 July 2015

grexit daily news


05 July 2015  — OXI wins, brace for impact


Congratulations Mr. Tsipras and Prof. Varoufakis. After leading unsuccessful negotiations for 6 months, missing every deadline, taking things to the wire (and then crossing it), creating a bank run, running a farcical referendum on a ludicrous question, backing yourselves into a corner, you have finally succeeded!

What have you succeeded to do? You have succeeded to make Grexit the baseline scenario for the future of Greece.

You have managed to validate the worse predictions for the end-game in this crisis. You have now made Grexit more likely than not. In the bad blood and mayhem that will follow, you also ensure that the country will leave the EU. You will have also cost everyone every last penny they had left in the rotten, insolvent Greek banking system.

And, lets not forget this, in the process of destroying the Economy, debasing the country and losing people their money, you have divided the people in a ‘pride’ nationalist camp and a ‘pro-Europe’ camp.

Well done. No-one who supported you would have thought on 25.1.15 that you were destined for such greatness.

I fear that when the Greeks realise what they did today, it will be too late. You will be to blame, but the country will take decades to return to what it was (even to what it was in January).

@iGlinavos

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29 thoughts on “Grexit Daily News – 05 July 2015

    • Syriza thinks they have re-affirmed their mandate to reject austerity. The majority of those who voted OXI think they voted to stay in the Euro on fairer terms. Well done to them. The problem is that the rest of Europe thinks they voted no to the Euro and will act accordingly. I think this was the wrong decision. Decide at haste regret at leisure.

      Liked by 3 people

      • Carl wakefield says:

        This comment reflects what myself and other British people I know are thinking.

        It was my understanding that a NO / OXI vote was rejecting the finance terms of the EU.

        Therefore surely the Greek people realised that by voting to reject the austerity plan, they were potentially voting to leave the euro, or even EU.

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      • john says:

        you are both wrong , this was premeditated before the referendum , by the euro chiefs and the present GREEK government . what I mean is this , this was created to force the greek people to vote first , so the public would be taking all the blame for what was to come after the referendum , whether they voted no or yes the affect would be the same , the affect was TO KEEP THE GREEK NATION IN DEBT AND TO INCREASE THE LOAN PUTTING THE GREEK PEOPLE INTO A WHIRLSPIN THAT THEY COULD NEVER RECOVER , AND THEN THE SURPRISE , NOT ONLY THE PENSIONS WOULD BE AFFECTED BUT EVERY GREEK BORN WOULD BE IN DEBT, AND THE WORST THING OF ALL WAS TO COME WHEN NO GREEK GOVERMENT WOULD HAVE THE GUTS TO RULE GREECE UNDER THAT TERROR , AS THE GREEKS WOULD START KILLING EACH OTHER IN A CIVIL WAR , BRINGING THE WHOLE COUNTRY BACK A THOUSAND YEARS , what the greeks should had done is vote no to the demands of Europe , and no loan , and an immediate exit from Europe . now ITS A NO TO THE EURO DEMANDS BUT PLEASE PUT ANOTHER LEASH AROUND OUR NECK BUT THIS TIME HANG IT ON A TREE BRENCH. , WELL they all nearly had me convinced as well . till I remembered what my teacher priest had taught me when I was young in Greece , he said to me one day in class see this diplomatic man ? I said yes ,,do you know what that word diplomatic means ? yes I said someone from the government . he said no no no. it means 2 or double eyes , I don’t understand teacher what do you mean ? it means you don’t know which eye is telling the truth . they never say the truth son unless its not important , most of the time they say yes but mean no son . remember that as long as you live . well fellas I picked up and bells started to dong into my brain when several euro members stated that they didn’t care if Greece left the euro back to drachma , and we would kick her out , what a lot of bulls crap, WHICH BANK WOULD LET GO OF THE CLIENT THAT OWED HER MONEY ? THATS WHERE I STARTED TO NOTICE HOW THEY WHERE TRYING TO KEEP GREECE IN , THEY DIDNT WANT TO LOOSE THEIR MONEY , THAT WOULD HAD FORCED THEM TO RAGE WAR WITH OTHER LITTLE NATIONS TO COVER THAT MONEY . THEY WHERE GETTING READY FOR WAR . AND THAT MEANT 3RD W/W . SO NOW THEY WANTED TO PUNNISH GREECE FOR THAT SO THEY THOUGHT GIVE HER WHAT SHE WANTS . MR CHIPRASS IS ON HIS WAY TO SIGN THE DOCUMENT THAT WAS PREPERED BEFORE THE REFERENDEM . AND POOR MR VAROUFAKIS KNEW ABOUT THIS BEFORE ALL THIS , THATS WHY HE WANTED OUT IF YOU REMEMBER , BUT HE WAS THRETENED , , I TOLD EVERY ONE WATCH AFTER THE VOTE HE WILL TAKE OFF . AND HIS GONE . NOW WHAT EURO WOLFS DIDNT CONCIDER IS THIS . GREECE HAS A LONG HISTORY , AND US GREEKS WE R ALWAYS TOUGHT BY IT . SO R ALL NATIONS , HISTORY SHOWS THAT WHEN U TAKE AWAY RELIGION AND FREEDOM FROM THE GREEKS YOU ARE REALY ASKING FOR TROUBLE THAT YOU WOULD NEVER EXPECT . WHAT DO I MEAN ? THEY THING THEY WILL INSLAVE THE GREEKS AND LIVE OF THEIR SWEAT , TAKING TAXES FROM PENSIONS SHIP TRANSPORT OIL EVERYTHING THAT WE WORK FOR . WELL LOOK WHAT THE SPARTENS DID THEY FOUGHT WITH THE IDEA OF DIYING BUT TAKING PERSIAN EMPIRE DOWN TO HELL WITH THEM . TROY ANOTHER EXAMPLE . THEY STOLE FROM THE GREEKS . BUT THE GREEKS SACRIFICED EVERYTHING AND LEFT EVERYTHING BEHIND ONLY TO DESTROY TROY FOR EVER . AS YOU CAN SEE TODAY NO TROY . OTTOMAN EMPIRE , GREEKS KNEW THEY WOULD DIE TO FREE THEM SELFS FROM THE TYRRANY , BUT AS THE TURK WAS PENETRATING THEIR KNIFE INTO THE GREEKS STOMACH , THE GREEK WOULD LAUGH , AND THE TURK WOULD ASK HIM WHY ARE YOU LAUGHING STUPID GREEK AND THE GREEK WOULD SAY , IM LAUGHING CAUSE NOW I HAVE YOU CLOSE ENOUGH TO STICK MINE INTO YOUR HEART AND TAKE YOU TO HELL WITH ME . ALEXANDER THE GREAT . 5FOOT 4 TOOK ON THE BIGEST EMPIRE IN THE WORLD . DARIUS NEVER THOUGH A LITTLE YOUNG MAN LIKE THAT WOULD TARE DOWN HIS TERRORISING EMPIRE . ALEXANDER ALSO FOUGHT WITH THE IDEA OF FREEDOM AND AND DIYING FOR IT PUNNISHING THE OPRESSORS , SO NOW YOU WILL SEE WHAT WILL HAPPEN AT THE END , THEY WILL DIE TAKING EVERY BODY THAT WENT AGAIST THEM , TO HELL WITH THEM . NOW IT WILL START TO GET VERY SCARY, BUT THERE IS ALSO ONE MORE HOPE , THAT THE NATIONS WILL RISE AGAIST THE FAULSE EURO UNIFICATION AND DISMANTELING IT . OR THE GREEKS WOULD BECOME NUTURAL AND LET ALL EURO NATIONS WAGE WAR UPPON THEM SELFS

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      • john says:

        I CAN NOT BELEVE HOW ALL THESE POLITITIANS WOLFS OF EURO INCLUDING OUR TRAITORS HAVE FOOLED ALL OF YOU , WE GET UP AT 5.30 BY 6 WE ARE OUT ON THE ROAD SOME OF US IN FACTORYS SOME OF US IM MINES WITH BLACK DUST IN OUR NOSES, SOME OF US DIGING ROADS AND BUILDING OUR COUNTRY NO MATTER WHAT NATIONALITY , SOME OF US AT SCHOOLS ,IN OUR OWN HARD WORKING BUSSINESS , NOMATTER WHAT WORK WE ALL HAVE FOUR THINGS IN COMMON . ONE IS WE ARE ALL THERE 8 HOURS 2 WE ALL HAVE TO PAY TAX , SO OUR COUNTRYS COULD BE DEVELOPED , 3 WE CANT LIE ABOUT OUR EARNINGS . AND LUST BUT NOT LEAST WE ALL WORK TO LIVE , AND IF WE CAN PUT SOMETHING ON THE SIDE FOR A RAINY DAY GOOD LUCK TO US , ITS OURS OUR SWEAT , NOW ON THE OTHER HAND LETS LOOK AT THE TABLE OF NEGOTIATIONS THEY GET UP AT 8 OR9 GET TO SO CALLED WORK AT 10 OR BAYBE 11 OR 12 OR LUNCH .TALK ABOUT HOW MUCH MONEY THEY WILL GIVE US FOR OUR PENSION WHEN WE RETIRE MIND YOU FROM OUR MONEY THAT THEY HAVE BEEN HOLDING A WHOLE LIFE TIME . AND WHAT AGE THEY WILL GIVE IT TO US . AS LATE AS POSSIBLE SO WE DIE BEFORE WE GET 10000 EURO .LIFT THEIR HAND PUT A SIGNITURE ON A PAPER GO TO THE CAMERA AND LIE . COME ON GUYS WAKE UP

        Like

  1. I can not understand what goes on in the minds of Syriza…
    It’s 18 (rest of EU) against 1 (and this 1 has the same political importance as the Far Oer Islands).

    Tsipras lives in a strange kind of wonderland if he really thinks that Greece will stay in the Euro, will not pay it’s debts and, above all, that Greece will get more funds from ECB.
    I think it’s time to print some Drachmae over there in Athens.

    Syriza transformed Greece from Europe’s Patient into Europe’s beggar…

    Like

    • Syriza didn’t turn Greece into “Europe’s beggar” the Eurogroup and the previous Greek governments did that. Read what the IMF and all economist say, this is unsustainable and needs to change. This is a union of countries that should help each other not pray on each other!

      Liked by 1 person

      • Nono, a beggar asks for money giving nothing in exchange, and this is exactly what Tsipras is doing.. You may well say that the Eurogroup is not compassionate, but it’s a right of a creditor to ask his money back (specially when he grants super-convenient conditions). The previous Greek governments have been criminal (and this is not the case of Syriza) and they tirned Greece into a sick country. I’m not saying that the problems in Greece are Syriza’s responsibility. I think that Syriza’s behaviour in this situation is naif, unprofessional, populist and 100% demagogy, that’s all.
        This is a union of countries that should help each other, but Greece can not even help itself…

        Like

  2. stefano says:

    wow there is not 1 comment that has sense ..!
    europe like this has no sense…there are 2 ,3 country to dominate the rest …it isnot europe..
    accepting the agreement will only make it longer for the greeks to live like shit, eu want to make more tax( of course only for poor people,riches cant be touched), want to bring to 67-68 the end of career (my english is not good i know),privatize different sectors , ….in other words liberalism at all cost even if people must die of hunger…what syriza did is good and varoufakis shouldn’t have left, they try to say that like this ithas no sense to go on , its just a prolongation of misery ,if they sign they will live at least like shit another 30 years, + privatisation ecc ecc. trying to change course may be good not only for greece but for entire europe that is taking wrong choises day by day….

    Like

  3. Marc says:

    the point is that ideology and narcism of political actors mask the mere fact and stall the process of the needed structural renovation of Greek Society.

    In a country where on the one hand several retirees still receive pensions far higher than their German adherents, where school guards and cleaning ladies are getting reinstalled by Syriza, with wages similar or higher than medical doctors, and more general the public sector is strangling entrepreneurship and development of SMEs, taxation of rich still is ineffective (Syriza incompetent to stop capital leave the country), and on the the other hand families are starving to get access to medical service, all these disparities and massive imbalances among the greek society are the most fundamental issue.

    The EU institutions are not the main battle field, they won’t defeat and they won’t rescue Greece. Greece’s only chance is to re-invent itself and starting the journey to getting a more modern society able to take responsibility for ALL their people.

    Like

    • Well laid out argument. This gets exactly to the crux of it all; Greece needs to redesign its society and live up to its responsibilities. The country must stop wasting its energies on trying to convince others how they’ve become the victims now.
      Instead of arguing with the institutions that could give much needed monetary help, it should invest its energies in restructuring its society into becoming a true democracy again.

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  4. A cuestión todo you Mr.Glivanos.
    If finally greece stays in the eurozone and in euro with an agreement that has dificult measures but at the same time debt solution and the greek people accepts it , will you say that your estimations were wrong? Adn will you recognise that finally changes can be made o you will continue play the “i know everything Man “?
    Thanks in avance.

    Like

    • If you read what I have been writing all this time (and all these years) you will see that I am not a friend of the Troika, or austerity or neoliberalism.

      Things are not very complex. The Greeks should decide whether to stay in the Euro, and subject themselves to German (and EZ) domination for ever; or they should go it on their own and return to the Drachma.

      What I object to is putting this choice in an unclear way in the midst of a banking collapse. This is the wrong way to do this and the wrong time. Tsipras and Varoufakis are entirely to blame for this utter destructive mess. They are not to blame for failed austerity.

      Varoufakis should have implemented the deal of 20 February, taken the bailout money to resolve the immediate liquidity problem and then Syriza ought to have called an election with Grexit as the main issue.

      I have said this before clearly.

      Does everyone understand what is going on now? If you think I am a Troika/austerity lover, you should rethink.

      Cheers for all your messages by the way.

      Like

      • I understand what you are saying IGlinavos, but I don’t see any reason to believe that Varoufakis was not the committed Europeanist he always presented himself to be. The path you recommend to him is not one he would have taken if it was leading to a vote on Grexit. I don’t think he has ever believed it was the right course for Greece, and he has never believed that Europe would let Greece drop from the Eurozone because of the consequences to Europe. I don’t speak Greek, so I don’t have any way of judging Alexis Tsipras’s sincerity about anything, but I don’t think he misunderstood what Varoufakis’s position has been, and I am sure he was offered differing points of view from others in Syriza had he wanted to position the country for an ultimate Grexit.

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  5. jan says:

    To say ”democracy has won” makes no sense at all! Nothing to do with democracy. It is just an attempt by short term thinking ‘voters-by-wallet’ to try not to pay the 250.000.000.000 back. Remember the EU is not a playground for children.
    What do you think we as Northern EU citizens think about paying all our own money without any commitment from Greece? Do you ever think about that?
    In Holland we pay taxes for everything and now we can pay yours too?
    Maybe the rich Greek magnats in the shipping business can put some money in, but not a word from them.
    But ok, it is NO so, bye bye Greece, maybe you can talk to Russia or China (have fun!!!!).
    Good luck at the cash machines, I hope for Grexit now and NOT 1 CENT anymore to your banks and your governement!!
    I will never go to Greece again on vacation
    Best regards from Northern Europe

    Like

  6. Randall says:

    Obviously I can’t speak for wide swaths of Europeans, but in Italy, people did not view the OXI vote as a vote to leave the euro. (I almost would add unfortunately, because the euro is so unpopular in Italy.) They saw the vote as 60 percent of Greeks saying to the troika: Enough is enough with your failed program. You need to rethink your position. What you are doing can’t be enforced here from afar.

    The Northern European cabal that wants Greece out of the eurozone works endlessly and mendaciously to accomplish that task. For them, a Yes vote would have not changed their agenda.

    The problem with Greeks wanting to stay in the Eurozone is that they are booking passage on a sinking ship. I can understand why they see clinging to the hull of the Titanic as a better bet than being plunged into a freezing ocean, but if I were going to fault Tsipras and Varoufakis for anything, it was their claim they could assist in a project to make the euro work for all the European Union. Without a revolution in Germany, it is better for the rest of the nations to plot their escape.

    Don’t forget that German led policy is not just bad for Greece. It is bad for just about everybody in Europe except for a very insular elite.

    Like

  7. Jakke says:

    Only way out of the quagmire is to eradicate corruption and establish trust in government. This is one thing the Greek gov’t has never attempted to address as far as I can see. Everything in Greece works on favors and nepotism. Once you get rid of the pocket fillers and parasites in the gov’t you can see any results. After that comes education. Educate people and you will get educated decisions…

    Like

  8. Antony says:

    To me in the Netherlands this vote is a clear no to the euro. We borrowed 15 billion euros to greece wich is around 885 euro for each Dutch citizen. To get this money and still keep our own budget balanced we had to raise our taxes on products with 2% and increase our pension age to 67 from 65. When we ask greece to do the same to fix their budget we get told that they won’t do it, and now that they don’t want to pay it back.

    I’ve read Varoufakis proposals to the euro finance ministers in januari and it read more like a political speech then a concrete financial plan. I have not seen any concrete financial budget plans that will get the greek budget back on track and by stalling with making a good budget proposal Varoufakis has now plummeted the greek economy to a new low. All investor confidence is lost in greece and this will make it even harder to draw up a finance plan.

    As for “German led policy” I don’t think that it’s bad for any country to keep their debt levels low. The less debt you have the less interest you have to pay and the less risk you have that’s just basic healthy finance. If you look at ireland as a example they had a lot of problems at the start of the crisis. But once they fixed their budget and regained investor confidence, they are now doing a lot better their debt to gdp dropped from 123,2 to 109,7 in just a year time.

    Like

    • Randall says:

      But since the Greek governemnt has plainly indicated it wants to stay in the euro — and campaigned for the OXI victory — how can you hold to your belief that they voted to leave the euro?

      A way to restructure the debt to keep Greece in needs to be found, or else people in the Netherlands will never get their money back. The austerity program fashioned for Greece did not produce an economy capable of making debt payments. Greeks have not rejected making any changes to their inner workings. In fact, they have rejected the corrupt politicians of the past. What they have rejected is formulas that don’t work and make things worse.

      Like

  9. jan says:

    @kchristofidis, no i did not expect the 3,500,000 jobless to vote yes. Next time, if I can’t pay my mortgage loan for my house to the bank, I will democratically vote ‘no’ to paying the rest of my debt.
    The I must face the consequences. The only thing the NO tells me, is the unreliability of Greece as a partner, it is not a way out for obligations.
    I hope for a Grexit and if other countries will follow, fine with me

    Like

    • If it is fine with you to never get repaid for the loans you made, then good. Grexit is fine with me too. But it seems a lot of European taxpayers want to have their cake and eat it too — they want to get paid back, and they don’t want to negotiate with Greece about getting paid back any portion of what is owed to them. If Greece crashes out of the Eurozone, forget getting paid back anything.

      Like

  10. Ania says:

    I come from post-communist country, EU member since 11 years only. We are not in euro zone yet but had very hard economic transformation. I personally spoke to some Greek friends employed in the public sector supporting Syriza. Their attitude is unacceptable, they work no more than 5 hours per day, and saying “work” is even too much as they just sit at the office (a kind of hidden unemployment). And they think it is fine, stupid people in the North work more as they say. I am aware they don’t represent the Greek population as a whole but I am afraid a majority of the Greek public sector thinks like that. Therefore unless they really are forced to restructure their economy they never do it. The same applies to tax collection, etc. Europe should let them go if they want it and are so “proud” but of what their laziness?

    Like

    • Kat says:

      Of course they don’t want to be fully informed and have an adjective opinion! They prefer to believe in the most unfair propaganda ever made for a country the last five years! I feel sorry for you fellas because u have no idea what is going on and you don’ t even want to learn. Stay at your countries and have your vacations whenever u like except my country because we don’t want u neither your money! And hey! check out another truth: your money never reach to the Greeks but only to the European banks you have here in Greece! Greeks work more than any other European and get paid the lower wage! And yes they pay their taxes! We pay our taxes, we always did! All this has began from corrupted politicians both Greeks and European and those who had their own financial interests and finally earned a lot of billions. And who is paying now? First Greeks and then all European citizens! We should be at the same side! Wake up! Demand from your govermens not to refund our debt! Please! We don’t want your money!

      Liked by 1 person

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