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Breaking: Greece Say No To Europe by kelechiodo(m): 5:00am On Jul 06, 2015 |
Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders. As the euro slid more than 1 percent against the dollar and European stock and bond markets were poised to take a sharp hit with the resumption of trade on Monday, stunned European leaders called a summit for Tuesday to discuss their next move. Thousands of jubilant Greeks waving flags and bursting fire crackers poured into Athens' central square as official figures showed 61 percent of Greeks had rejected a deal that would have imposed more austerity measures on an already ravaged economy. "You made a very brave choice," Prime Minister Alexis Tsipras said in a televised address. "The mandate you gave me is not the mandate of a rupture with Europe, but a mandate to strengthen our negotiating position to seek a viable solution." The surprisingly strong victory by the 'No' camp defied opinion polls that had predicted a tight contest after a week of rising desperation as banks shut and cash machines ran dry. The vote leaves Greece in uncharted waters: risking a banking collapse that could force it out of the euro. Without more emergency funding from the European Central Bank, Greece's banks could run out of cash within days. That might force the government to issue another currency to pay pensions and wages. For millions of Greeks the outcome was an angry message to creditors that Greece can no longer accept repeated rounds of austerity that, in five years, had left one in four without a job and that shrank the economy by a quarter. Tsipras has denounced the price paid for aid as "blackmail", a national "humiliation". "The message from the 'No' is that we're not scared after all the pressure that we faced from both Europe and within," said Stathis Efthimiadis, 47-year-old teacher. "We want to live fairly and freely within Europe." Officials from the Greek government, which had argued that a 'No' vote would strengthen its hand to secure a better deal from international creditors after months of wrangling, immediately said they would try to restart talks with European partners. But euro zone officials shot down any prospect of a quick resumption of talks, even though finance ministers were planning to meet during the week to discuss the fallout from the vote. German Chancellor Angela Merkel and French President Francois Hollande will meet in Paris on Monday afternoon. "Tsipras and his government are leading the Greek people on a path of bitter abandonment and hopelessness," Germany's economy minister Sigmar Gabriel told the Tagesspiegel daily. He said negotiations with Athens now were "barely conceivable". Many of Athens' partners have warned over the past week that a 'No' vote would mean cutting bridges with Europe and driving Greece's crippled financial system into outright bankruptcy. The result delivers a hammer blow to the European Union's grand single currency project. Intended to be permanent and unbreakable when it was created 15 years ago, the euro zone could now be on the point of losing its first member with the risk of further unravelling to come. "I believe such a result can be used as a strong negotiating tool so that Europeans can understand that we are not a colony," said Nefeli Dimou, a 23-year-old student in Athens. http://in.reuters.com/article/2015/07/06/eurozone-eu-greece-debt-crisis-tsipras-idINKCN0PF02L20150706 |
Re: Breaking: Greece Say No To Europe by solarview(m): 5:15am On Jul 06, 2015 |
We are not interested in any other man's headacke for now BH problems don belle full person 3 Likes |
Re: Breaking: Greece Say No To Europe by softmind24: 5:20am On Jul 06, 2015 |
Are u sure |
Re: Breaking: Greece Say No To Europe by GogetterMD(m): 5:41am On Jul 06, 2015 |
solarview:you are not interested? common, think again and don't be naive. Nigeria is in the preliminary phase of the same crises. Better hpe we take a cue from Greece and don't head down the same lane 4 Likes 1 Share |
Re: Breaking: Greece Say No To Europe by seedgreen(m): 5:50am On Jul 06, 2015 |
Following |
Re: Breaking: Greece Say No To Europe by heykims(m): 6:01am On Jul 06, 2015 |
I remember days back listening to the Greeks on TV saying there's no Europe without Greece. I just said to myself 'these guys are just as deluded as my Nigerian compatriots calling Nigeria giant of Africa'. 4 Likes 2 Shares |
Re: Breaking: Greece Say No To Europe by GogetterMD(m): 6:09am On Jul 06, 2015 |
Rexphobia: 1 Like |
Re: Breaking: Greece Say No To Europe by GogetterMD(m): 6:11am On Jul 06, 2015 |
a thread deserving of the frontpage. lalasticlala, Ishilove 1 Like |
Re: Breaking: Greece Say No To Europe by jammani(m): 6:13am On Jul 06, 2015 |
Ok |
Re: Breaking: Greece Say No To Europe by Dollyak(f): 6:17am On Jul 06, 2015 |
This is probably the best time for some of you guys to stock up on dollars. I can see the Euro and European bonds taking a battering this week thus increasing american bonds for the short term. I can only see one certainty today. Euro will get closer to Parity vs US dollar fast.No matter what's the outcome EU/ECB decisions on Greece 1 Like |
Re: Breaking: Greece Say No To Europe by Pavore9: 6:21am On Jul 06, 2015 |
Bad market for those who enter other Schengen Countries through it. |
Re: Breaking: Greece Say No To Europe by BekeeBuAgbara: 6:22am On Jul 06, 2015 |
That's good, because the conditions given by the Greek creditors (Angela Merkel and co) are like remedy that is worse than the disease. Will Greece dump euro and goes back to its former currency? 1 Like |
Re: Breaking: Greece Say No To Europe by mrvitalis(m): 6:24am On Jul 06, 2015 |
Thank God for them |
Re: Breaking: Greece Say No To Europe by Orunto: 6:28am On Jul 06, 2015 |
Greece is Europe no more no less. |
Re: Breaking: Greece Say No To Europe by modskiller(m): 6:29am On Jul 06, 2015 |
Brb |
Re: Breaking: Greece Say No To Europe by solarview(m): 6:35am On Jul 06, 2015 |
GogetterMD:My brother...forget that one...as Nigerians we don't learn from past/people's experience. It's not in our blood. If we do, we won't be in our present day delimas 1 Like |
Re: Breaking: Greece Say No To Europe by Ibsgal(f): 6:43am On Jul 06, 2015 |
If central bank was able to assist the banking industry with trillions and do so almost debt-free, why can't they do the same for the common people? |
Re: Breaking: Greece Say No To Europe by kamair237(m): 6:46am On Jul 06, 2015 |
Greece cannot afford to pay 1.8 billion Euros while people embezzle billions of euros each year in 9ja... if only 9jerians knew d heaven d leave in ...... |
Re: Breaking: Greece Say No To Europe by Lobolintin(m): 6:57am On Jul 06, 2015 |
1.8billion Euro... Chicken change to some of our naija leaders....ship..ask one of our leaders to step in for you guys nah. |
Re: Breaking: Greece Say No To Europe by angelTI(f): 7:06am On Jul 06, 2015 |
A good direction in the right path.... |
Re: Breaking: Greece Say No To Europe by owagbeba: 7:14am On Jul 06, 2015 |
I'm glad they said "no" to the heartless austerity measures proposed by the IMF and ECB. These loan institutions act like vultures, feeding on the dead. Why is so hard for them to give loan with no stringent policies attached? But they'd pressure countries to open to foreign take over of state enterprises, monopoly by big international firms (mostly from P5). I reckon with these referendum, the Greeks ccould seek loan outside the EU. The BRICS could come of help at this moment. Imagine how Merkel would fume with rage if the Chinese grants the Greeks loan with no austere strings. 2 Likes |
Re: Breaking: Greece Say No To Europe by bettercreature(m): 7:16am On Jul 06, 2015 |
Orunto:They are not leaving Europe,they just rejected the terms of the bail out package including austerity measures,Greece will probably be kicked out of European Union sooner or later because you cant be spending other countries tax payers money and refusing to implement development reforms |
Re: Breaking: Greece Say No To Europe by lordtech(m): 7:26am On Jul 06, 2015 |
Ok |
Re: Breaking: Greece Say No To Europe by owagbeba: 7:28am On Jul 06, 2015 |
What are the bailout terms from IMF and ECB? Any ideas? I guess it includes selling off/ privatization of government assets. |
Re: Breaking: Greece Say No To Europe by fr3do(m): 7:45am On Jul 06, 2015 |
We have enough problems on our own, I no understand this interest in Greece. |
Re: Breaking: Greece Say No To Europe by Dollyak(f): 7:45am On Jul 06, 2015 |
angelTI:Indeed. Leaving the Euro and ending Austerity programs is the only hope for not only Greece, but Spain and Italy. The Italians politicians will follow the Greeks success. They are already talking about it. Ending Austerity to pay back the Banks for Problems caused by the Banks is the fair Thing. Sending the politicians, Bankers and Goldman Sacks (pun) advisors who hid the Problem is the right Thing to do. 1 Like |
Re: Breaking: Greece Say No To Europe by ademoladeji(m): 8:29am On Jul 06, 2015 |
When we've gat our problem... Greece ko, Grease ni |
Re: Breaking: Greece Say No To Europe by pat077: 9:17am On Jul 06, 2015 |
Ok |
Re: Breaking: Greece Say No To Europe by Orunto: 9:57am On Jul 06, 2015 |
Let Greece take the money and invest in viable projects. As Europeans, it is her money that is being reloaned to her to join in developing Europe of which she is a part. Her fellow Europeans are just asking her to be more responsible. Greece should take her legacy and invest in monastries and synagogues for Greek Mythologies and Orientation They should employ strong and experienced Curators and financial experts to commercialise these developments. Is it not Greece, people will come from China, Russia, US, the Americas etc to visit the developing Greek reinvented histories and pay generously. |
Re: Breaking: Greece Say No To Europe by kennyman200(m): 9:59am On Jul 06, 2015 |
I hope Buhari is also learning and calling our polithieves to order.. |
Re: Breaking: Greece Say No To Europe by omoelesa(m): 10:26am On Jul 06, 2015 |
Some Yeye Nigerians Will Still Take The Next Available Flight To Greec All In D Name Of Greener Pasture |
Re: Breaking: Greece Say No To Europe by kelechiodo(m): 10:32am On Jul 06, 2015 |
fr3do:That's how it starts. When Osama attacked USA, terrorism was not our problem. Listen my dear, use the experience of your neighbour to prepare yourself. |
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