'Griekenland verlaat eurozone' #17 referendum OXI - NEI

quote:

Griekenland verlaat waarschijnlijk de eurozone en de Europese Unie als er geen akkoord over de schuldenkwestie wordt bereikt.
Dat stelt de Griekse centrale bank woensdag.

Het mislukken van een akkoord leidt volgens de Bank of Greece tot het begin "van een pijnlijk verloop dat in eerste instantie zal leiden tot een Grieks faillissement en uiteindelijk tot een vertrek van het land uit de eurozone en hoogstwaarschijnlijk uit de Europese Unie".

De centrale bank noemt het bereiken van een nieuw akkoord met de geldschieters "van het grootste belang om de directe gevaren voor de economie af te wenden, de onzekerheid te verminderen en zich te verzekeren van een duurzame groei".

Bank of Greece denkt dat de huidige schuldencrisis dan snel verandert in een oncontroleerbare crisis, met grote risico's voor de bankensector en financiėle stabiliteit.

Diepe recessie

"Een vertrek uit de eurozone zal de toch al ongunstige situatie alleen maar verergeren, omdat de daaruit voortvloeiende wisselkoerscrisis de inflatie zal laten stijgen", aldus de centrale bank.

Dat zal dan leiden tot een diepe recessie, drastische inkomensdalingen, een grote groei van de werkloosheid en een grote economische terugval. "Vanuit zijn positie als belangrijk lid van de EU, zal Griekenland zichzelf gedegradeerd zien naar de rang van een arm land in Zuid-Europa."

Daarom heeft Bank of Greece de stellige overtuiging dat het bereiken van een akkoord "een historische noodzaak" is die niet genegeerd kan worden.

Tot nu toe lijkt het er volgens de centrale bank op dat er een compromis is bereikt over de belangrijkste voorwaarden van het akkoord. De kloof tussen de partijen zou klein zijn.

Levensvatbaar

"Wat we nu nodig hebben is een levensvatbaar akkoord", schrijft Bank of Greece. Maar wel een akkoord waarbij toekomstige generaties zoveel mogelijk worden ontzien, "omdat we geen recht hebben om ze daarmee op te zadelen".

Ondertussen halen Grieken weer veel geld van hun bankrekeningen. Op maandag en dinsdag zouden ze volgens Griekse media gezamenlijk 850 miljoen euro hebben opgenomen, meldt Het Financieele Dagblad.

http://www.nu.nl/economie(...)d-wordt-bereikt.html

twitter:

RT_com twitterde op zaterdag 27-06-2015 om 00:18:33 BREAKING: Greece to hold national referendum on debt deal http://t.co/oJEKR2uriP http://t.co/ygxKTfDjXx reageer retweet

quote:

Op zaterdag 4 juli 2015 20:04 schreef BarryOSeven het volgende:

[..]

Ja dat viel me dus ook al op. Argumenten waren:

De Chinese stocks stegen al tijden te hard.

Maar krijg meer het idee dat het wel degelijk iets met Griekenland van doen heeft.

Had China zin om wat spulletjes te kopen in Griekenland of zo?

quote:

Greek referendum: how would top economists vote?

The Greek government is urging a no vote in Sunday’s bailout referendum. Eurozone leaders say vote yes

Joseph Stiglitz - NO
Nobel laureate in economics and professor at Columbia University

Paul Krugman - NO
Nobel prize-winning US economist

Thomas Piketty - NO
Professor at the Paris School of Economics and author of Capital in the Twenty-First Century

Jeffrey Sachs - NO
Director of the Earth Institute at Columbia University and author of The Price of Civilization

Christopher Pissarides - YES
British-Cypriot economist and Nobel laureate

Vicky Pryce - YES
Chief economic adviser at the Centre for Economic and Business Research

Professors of economics at Greek universities - YES

quote:

Paul Krugman: The troika clearly did a reverse Corleone - they made Tsipras an offer he can't accept, and presumably did this knowingly. So the ultimatum was, in effect, a move to replace the Greek government. And even if you don't like Syriza, that has to be disturbing for anyone who believes in European ideals.

quote:

Op zaterdag 4 juli 2015 20:18 schreef BarryOSeven het volgende:

[..]

Ok dan, It's raining Chinese men in China dus waarschijnlijk.

Maar dit staat helemaal los van de Griekenland crisis denk je?

quote:

Greek referendum: Germany says it won’t leave Greece in the lurch

German finance minister, Wolfgang Schäuble, appears to back No vote in last-minute intervention on Saturday

Investors around the world held their breath on Saturday as 10 million Greeks prepared to vote in a referendum that presents the biggest challenge to the euro since its adoption.

After more than five months of eyeball-to-eyeball confrontation between Alexis Tsipras’s radical left-led government and Greece’s creditors, and with only hours to go before voting began, one of the most hawkish of the lenders appeared to blink. Germany’s finance minister, Wolfgang Schäuble, until now even more of a hardliner than his chancellor Angela Merkel, suddenly turned a more conciliatory face towards Athens.

Having previously insisted that a No vote on the lenders’ last terms would see their country forced out of the euro, Schäuble told the Bild newspaper that the choice before them on Sunday was between holding on to the euro and being “temporarily without it”.

It was far from clear what Schäuble had in mind, but economists have mooted the notion of a period in which Greece might go back to its national currency, the drachma, while its economy recovered.

With pharmacists in Athens reporting that the government had rationed the distribution of drugs, and fears being raised of food shortages within weeks, the finance minister of Europe’s biggest economy said: “It is clear that we will not leave the [Greek] people in the lurch.”

What effect Schäuble’s last-minute intervention may have on the vote is impossible to gauge. But it appears to favour the No camp.

His remarks seemed to endorse the claims of the Greek government, which has called for a No vote, to the effect that a majority in favour of rejection would not lead to the country’s exit from the euro (“Grexit”).

The German minister’s tone was strikingly at odds with that of his charismatic but controversial Greek counterpart, Yanis Varoufakis, who turned up the heat before the ballot by accusing Greece’s creditors of terrorism.

“Why did they force us to close the banks?” he asked in an interview published by the Spanish daily El Mundo. “To instil fear in people. And spreading fear is called terrorism.”

Rallies in support of Greece were held in several European capitals on Saturday. Others were also held in Britain: in London, Liverpool and Edinburgh.

Greece’s lenders were not the only people spreading alarm. Several economists warned that financial markets were underestimating the risks of a No vote – and even of a Yes vote.

quote:

A hilarious Monty Python sketch explains why Greece is in a huge crisis

Many top English-speaking economists are either alarmed or aghast over Europe's handling of the crisis in Greece. Several Nobel Prize winners say it has been exacerbated, time and again, by an unnecessarily rigid approach by Germany, Europe's economic powerhouse and decision-maker. Greece simply cannot repay its debts, economists argue, no matter how much the country slashes public services or raises taxes. So by insisting it keep on trying, the thinking goes, Germany seems to be intent on punishing Greece.

The Germans see it differently, saying what they are doing may be painful, but necessary, to get the country on a sustainable footing for the long term. To understand the massive gap in opinion, it might help to watch a Monty Python sketch from 1974 about a soccer match between Germany and Greece.

..

monty python football

quote:

Greece's mass psychology of revolt will survive the financial carpet-bombing

When Times correspondent George Steer entered the city of Guernica in April 1937, what struck him were the incongruities. He noted precisely the bombing tactics “which may be of interest to students of the new military science”. But his report begins with a long paragraph describing the city’s ceremonial oak tree and its role in the Spanish feudal system.

Sitting in Athens this week, I began to understand how Steer felt. Sunday’s referendum will take place under a kind of financial warfare not seen in the history of modern states. The Greek government was forced to close its banks after the European Central Bank, whose job is technically to keep them open, refused to do so. The never-taxed and never-registered broadcasters of Greece did the rest, spreading panic, and intensifying it where it had already taken hold.

When the prime minister made an urgent statement live on the state broadcaster, some rival, private news channels refused to cut to the live feed. Greek credit cards ceased to work abroad. Some airlines cancelled all ticketing arrangements with the country. Some employers laid off their staff. One told them they would be paid only if they turned up at an anti-government demonstration. Martin Schulz, the socialist president of the European parliament, called for the far-left government to be replaced by technocrats. And the Council of Europe declared the referendum undemocratic.

[..]

twitter:

RBS_Economics twitterde op zaterdag 04-07-2015 om 10:30:25 Greece's GDP collapse is among the worst advanced economy falls since 1870. And most of those were war-related. http://t.co/QLp6fYN83u reageer retweet