Greece votes on whether to dump austerity, take on lenders

[guno]

Looks like the leftist Syriza party, which has pledged to take on international lenders and roll back painful austerity measures imposed during years of economic crisis will be the big winners today.

Greece votes on whether to dump austerity take on lenders Reuters

 

[Katzndogz]

Seeing the outcome of that will be interesting and entertaining.

 

[JoeB131]

Good for them.

 

[Statistikhengst]

Seeing the outcome of that will be interesting and entertaining.

Exactly what do YOU know about Greece?

 

[Toddsterpatriot]

Looks like the leftist Syriza party, which has pledged to take on international lenders and roll back painful austerity measures imposed during years of economic crisis will be the big winners today.

Greece votes on whether to dump austerity take on lenders Reuters

Defaulting on your loans and increasing government spending. What could go wrong?

 

[Katzndogz]

Seeing the outcome of that will be interesting and entertaining.

Exactly what do YOU know about Greece?

Enough to be entertained by their implosion.

 

[hipeter924]

Seeing the outcome of that will be interesting and entertaining.

Exactly what do YOU know about Greece?

Enough to be entertained by their implosion.

Hardly. If they leave the Euro they will be able to secure better credit and run their own economy. At the moment they are strangled at the neck by the IMF and European bureaucracy.

 

[Toddsterpatriot]

Seeing the outcome of that will be interesting and entertaining.

Exactly what do YOU know about Greece?

Enough to be entertained by their implosion.

Hardly. If they leave the Euro they will be able to secure better credit and run their own economy. At the moment they are strangled at the neck by the IMF and European bureaucracy.

If they leave the Euro they will be able to secure better credit

How do you figure that?

and run their own economy (into the ground).

They already did.

At the moment they are strangled at the neck by the IMF and European bureaucracy.

They are strangled by their own bureaucracy, inefficiency and welfare state. The EU will
no longer be the source of their (over)spending.

 

[hipeter924]

Seeing the outcome of that will be interesting and entertaining.

Exactly what do YOU know about Greece?

Enough to be entertained by their implosion.

Hardly. If they leave the Euro they will be able to secure better credit and run their own economy. At the moment they are strangled at the neck by the IMF and European bureaucracy.

If they leave the Euro they will be able to secure better credit

How do you figure that?

and run their own economy (into the ground).

They already did.

At the moment they are strangled at the neck by the IMF and European bureaucracy.

They are strangled by their own bureaucracy, inefficiency and welfare state. The EU will
no longer be the source of their (over)spending.

They could secure credit from the open market, as opposed to being limited to a few institutions and being forced to follow EU debt guidelines.

Here is a run down on why Greece leaving the Euro isn't such a bad thing after all: Nine charts showing why Greece has to leave the euro - Telegraph

 

[Statistikhengst]

Time to shed a little daylight on this, and maybe this will explain why this is not more than a hiccup:

Economy of the European Union - Wikipedia the free encyclopedia

Though it is the 13th largest economy in the EU (and the 8th largest population), Greece's GDP is only 1.39% of the total GDP of the EU. That's it.

In terms of EURO to Dollar, Greece's current GDP lies between the GDPs of the states of Oregon and Louisiana in the USA, but if you go by percentage (1.39% of total GDP), then Greece would better correspond to: somewhere between Connecticut and Missouri:

List of U.S. states by GDP - Wikipedia the free encyclopedia

Greece has had economic turmoil for the last century. In terms of the EU and the EuroZone, however, statistically, it's a economic hiccup.

 

[Katzndogz]

Greece has an almost non existent GDP. It won't find lenders. When Greece leaves the EU the currency will be the drachma not the euro. What do you imagine the drachma will be worth?

 

[Statistikhengst]

I have some old Drachmas right in front of me, in a jar, next to a bunch of Zloty and Rubels..... it doesn't really matter how much the Drachma will be worth. But I doubt that Greece is going to leave the EuroZone.

 

[Toddsterpatriot]

Seeing the outcome of that will be interesting and entertaining.

Exactly what do YOU know about Greece?

Enough to be entertained by their implosion.

Hardly. If they leave the Euro they will be able to secure better credit and run their own economy. At the moment they are strangled at the neck by the IMF and European bureaucracy.

If they leave the Euro they will be able to secure better credit

How do you figure that?

and run their own economy (into the ground).

They already did.

At the moment they are strangled at the neck by the IMF and European bureaucracy.

They are strangled by their own bureaucracy, inefficiency and welfare state. The EU will
no longer be the source of their (over)spending.

They could secure credit from the open market, as opposed to being limited to a few institutions and being forced to follow EU debt guidelines.

Here is a run down on why Greece leaving the Euro isn't such a bad thing after all: Nine charts showing why Greece has to leave the euro - Telegraph

They could secure credit from the open market,

Why is the open market going to lend them money after they, probably, stop paying the EU for their lower interest loans?

Here is a run down on why Greece leaving the Euro isn't such a bad thing after all

Thanks for the charts. None showed the Greeks will benefit from defaulting, being unable to borrow and increasing government spending.

 

[HenryBHough]

You're about to learn a new word:

"Grexit"

 

[Mac1958]

.

They're celebrating over at HuffPo just as folks are here:

Anti-Bailout Syriza Party Wins Greek Election By Wide Margin Officials Say

But it was unclear whether the communist-rooted party, led by 40-year-old Alexis Tsipras, had won by a big enough margin over Prime Minister Antonis Samaras' incumbent conservatives to govern alone. For that, they need a minimum 151 of parliament's 300 seats. Official results from 17.6 percent of polling stations counted showed Syriza with 35 percent and Samaras' New Democracy with 29.3 percent. An exit poll on state-run Nerit TV projected Syriza as winning with between 36 and 38 percent, compared to ND with 26-28 percent.

.

 

[PaintMyHouse]

.

They're celebrating over at HuffPo just as folks are here:

Anti-Bailout Syriza Party Wins Greek Election By Wide Margin Officials Say

But it was unclear whether the communist-rooted party, led by 40-year-old Alexis Tsipras, had won by a big enough margin over Prime Minister Antonis Samaras' incumbent conservatives to govern alone. For that, they need a minimum 151 of parliament's 300 seats. Official results from 17.6 percent of polling stations counted showed Syriza with 35 percent and Samaras' New Democracy with 29.3 percent. An exit poll on state-run Nerit TV projected Syriza as winning with between 36 and 38 percent, compared to ND with 26-28 percent.

.

It seems they want their country back, imagine...

 

[Mac1958]

.

They're celebrating over at HuffPo just as folks are here:

Anti-Bailout Syriza Party Wins Greek Election By Wide Margin Officials Say

But it was unclear whether the communist-rooted party, led by 40-year-old Alexis Tsipras, had won by a big enough margin over Prime Minister Antonis Samaras' incumbent conservatives to govern alone. For that, they need a minimum 151 of parliament's 300 seats. Official results from 17.6 percent of polling stations counted showed Syriza with 35 percent and Samaras' New Democracy with 29.3 percent. An exit poll on state-run Nerit TV projected Syriza as winning with between 36 and 38 percent, compared to ND with 26-28 percent.

.

It seems they want their country back, imagine...

Yep, workers of the world unite, all that.

.

 

[LogikAndReazon]

Did those morons who lent those socialist asswipes really believe theyd be paid back. ?

Perhaps if wealthy Greeks paid their "fair share".... Lol

 

[Manonthestreet]

Another lib redefinition...fiscal sanity is austerity.....,.....

 

[PaintMyHouse]

Another lib redefinition...fiscal sanity is austerity.....,.....

Fiscal sanity for a family can be austerity, for a nation it's a recipe for disaster.