Greek Referendum voting has closed, preliminary results show 60% voting for No - Polidicks

Shit just got real, former PM Antonis Samaras just resigned from his position at party "New Democracy" [video=youtube;sbvmz13MqvA]https://www.youtube.com/watch?v=sbvmz13MqvA[/video]

[QUOTE=i_speel_good;48128753]Shit just got real, former PM Antonis Samaras just resigned from his position at party "New Democracy" [video=youtube;sbvmz13MqvA]https://www.youtube.com/watch?v=sbvmz13MqvA[/video][/QUOTE] His party in opposition. Did he just basically ragequit greek politics? :v:

[QUOTE=Awesomecaek;48128816]His party in opposition. Did he just basically ragequit greek politics? :v:[/QUOTE] A few hours before this announcement there was a leak that another member of his party, Dora Mpakogianni (infamous for being the daughter of one of the worst PM's to grace Greece) told Samaras to resign BEFORE the Referendum to boost "Yes" votes. All and all, things played out a win-win for Left supporters.

This will mean that Grexit is pretty much happening unfortunately, all the people celebrating the 'OXI' result don't know what's about to hit them.

Can someone explain, in layman's terms, what the difference between the Euro Zone and the European Union is?

[QUOTE=Emperor Scorpious II;48128901]Can someone explain, in layman's terms, what the difference between the Euro Zone and the European Union is?[/QUOTE] Euro Zone = Countries that use the Euro as their currency. European Union = A collection of countries that are in a common market basically (this includes countries that do not use the Euro like the UK and Denmark)

[QUOTE=Emperor Scorpious II;48128901]Can someone explain, in layman's terms, what the difference between the Euro Zone and the European Union is?[/QUOTE] Eurozone is just using the Euro as the coin, only 19 of the 28 countries in the EU are in the Eurozone.

[QUOTE=Emperor Scorpious II;48128901]Can someone explain, in layman's terms, what the difference between the Euro Zone and the European Union is?[/QUOTE] Eurozone is a smaller area within the EU, which covers the members who all use the Euro as their common currency. While the UK is part of the EU, it's not in the Eurozone. Germany is in the Eurozone and European Union.

[QUOTE=Emperor Scorpious II;48128901]Can someone explain, in layman's terms, what the difference between the Euro Zone and the European Union is?[/QUOTE] Eurozone is the part of countries within the EU that chose to adopt the Euro. You can be part of the EU without being part of the Eurozone (such as the UK, Denmark, Sweden...)

[QUOTE=The fox;48128467]Should be pretty self explanatory, but perhaps not for someone like yourself. When they will be forced to split from the Euro, they will make their own currency, thusly, it will be cheap as hell for export and tourism. Simplified a lot, but thats the general gist of it. More than welcome to prove me wrong, or are you just gonna sit and spout stupid shit like you always do? As for Grexit: [url]https://twitter.com/mathieuvonrohr/status/617780974949146624[/url][/QUOTE] nobody's even sure that the eurozone can even LEGALLY kick someone out of it, and what that says about it will actually hurt its expansion in the long run since now you're offering the choice of either joining a currency union where you can be expelled for not being good enough, or join russia's trade zone and have your economy slaved to russia's needs [editline]5th July 2015[/editline] also greece is 2% of the eurozone's economy, and have only actually spent 6% of the bailout money inside greece, 94% went straight to the banks that offered greece outrageous loans to begin with.

Can someone explain what exactly they're voting for I haven't been keeping up with this and am wondering what they're voting against?

[QUOTE=Awesomecaek;48128718][B]Or maybe less likely because there will be one less country perceived to be "leeching" off UK[/B] And the economical death spiral Greece will go through, as much as it's inevitable be it in EU or out of it, might scare some people away from leaving, further.[/QUOTE] As a UK citizen, I'd say, on the whole, we look favorably on Greece, Greek's and Greek expats living here. They are not a nationality viewed as 'Leeches' either in the media or in public opinion.

[QUOTE=apierce1289;48129035]Can someone explain what exactly they're voting for I haven't been keeping up with this and am wondering what they're voting against?[/QUOTE] It's a bit of a mess to be honest. To explain it properly would take quite a few paragraphs explaining it all. I suggest watching this video for a basic overview: [url]http://www.bbc.com/news/world-europe-33397031[/url]

i still don't understand the question whatsoever

And this one: [url]http://www.bbc.com/news/world-europe-33370589[/url] My poor merge :v:

[QUOTE=Fr3ddi3;48129058]As a UK citizen, I'd say, on the whole, we look favorably on Greece, Greek's and Greek expats living here. They are not a nationality viewed as 'Leeches' either in the media or in public opinion.[/QUOTE] I'm not sure about the general population but some of the tabloids aren't shy of calling the whole situation the fault of 'dirty tax avoident lazy greeks'. But then again, our tabloids are known as utterly shit anyway. [editline]5th July 2015[/editline] [QUOTE=NixNax123;48129090]i still don't understand the question whatsoever[/QUOTE] "Do you accept the proposed terms of the new troika loan?" "Yes/no"

[QUOTE=Hamsteronfire;48128727][t]http://skepticism-images.s3-website-us-east-1.amazonaws.com/images/jreviews/Gustav-Stresemann-1929.jpg[/t] you have been visited by Gustav Stresemann of the Weimar Republic economic recovery and deflation will come to you but only if you comment "thanks reichsbank"[/QUOTE] thanks reichsbank

[QUOTE=The fox;48128510] More than welcome to provide some proof of your claim. I know several people who don't mind travelling to less-than-well nations, even though they aren't poor. [/QUOTE] idk man, sure doesn't look like that tourist money gets put to good use in most of those less-than-well nations that aren't poor.

[QUOTE=The fox;48128467]Should be pretty self explanatory, but perhaps not for someone like yourself. When they will be forced to split from the Euro, they will make their own currency, thusly, it will be cheap as hell for export and tourism. Simplified a lot, but thats the general gist of it. More than welcome to prove me wrong, or are you just gonna sit and spout stupid shit like you always do? As for Grexit: [url]https://twitter.com/mathieuvonrohr/status/617780974949146624[/url][/QUOTE] germany can suck a big austerity cock

[QUOTE=i_speel_good;48128753]Shit just got real, former PM Antonis Samaras just resigned from his position at party "New Democracy" [video=youtube;sbvmz13MqvA]https://www.youtube.com/watch?v=sbvmz13MqvA[/video][/QUOTE] He just pulled a Nigel Farage

I'm glad Greece was able to assert its sovereignty in how it wants to run the country, but I can't imagine it will end well for them.

The EU is in a very shitty dilemma right now. They can't just write off Greece's debt, because then Portugal, Spain and Italy will fucking explode because they are working on decreasing their debts the hard way. And throwing Greece out is very undesirable, because it'll push them towards Russia. Plus the Euro has a reputation to uphold.

Everyone will come back to the negotiating table with Greece in a slightly better bargaining position. Whether or not Greece is better off in the long term has not been decided today.

[QUOTE=person11;48131455]Everyone will come back to the negotiating table with Greece in a slightly better bargaining position. Whether or not Greece is better off in the long term has not been decided today.[/QUOTE] At this point economics will force the hand of the politicians. Without extra money, the Greek banks are going to run out of cash and go under - and that extra cash is only available if Greece signs up for a new bailout deal. Greece could run out of money by tomorrow yet negotiating a new bailout will take weeks. There are other issues like Merkel having to pass any new deal through the Bundestag et al. which further complicates the process. Calling the Eurozone creditors 'economic terrorists' is unlikely to make negotiaitions any easier :v: [editline]6th July 2015[/editline] The only thing that is bringing the Eurozone back to the table is the desire to keep Greece in the Euro - something which is diminishing by the day. [editline]6th July 2015[/editline] Varoufakis has resigned! [url]http://yanisvaroufakis.eu/2015/07/06/minister-no-more/[/url] [QUOTE]The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage. Like all struggles for democratic rights, so too this historic rejection of the Eurogroup’s 25th June ultimatum comes with a large price tag attached. It is, therefore, essential that the great capital bestowed upon our government by the splendid NO vote be invested immediately into a YES to a proper resolution – to an agreement that involves debt restructuring, less austerity, redistribution in favour of the needy, and real reforms. Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today. I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum. And I shall wear the creditors’ loathing with pride. We of the Left know how to act collectively with no care for the privileges of office. I shall support fully Prime Minister Tsipras, the new Minister of Finance, and our government. The superhuman effort to honour the brave people of Greece, and the famous OXI (NO) that they granted to democrats the world over, is just beginning.[/QUOTE]

[QUOTE=Mythman;48131506]Varoufakis has resigned! [url]http://yanisvaroufakis.eu/2015/07/06/minister-no-more/[/url] [quote]The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage.[/quote][/QUOTE] Lol. Why don't they rise up against running a budget deficit instead, or perhaps rise up against tax evasion and excessive social spending?

Is sad how our union got divided in two, the ones who support Greece, and the ones who are with Germany. The EU was created to avoid this kind of problems. How we ended forcing austerity to other countries without making real economic reforms on them is a question I still trying to find.

[QUOTE=James xX;48127870]Could someone post a crash course on what this means?[/QUOTE] Depends on the actions of others: the immediately obvious effects will be about confidence in the EU of other weak EU countries.

You cannot expect a Corrupt gov. to save money You gotta take the Steering wheel and do your own thing. You dont see these guys crying: [img]http://i.imgur.com/poaYpDz.png[/img] I bet they sleep in pillows with money stuffed in them

[QUOTE=Clavus;48130713]The EU is in a very shitty dilemma right now. They can't just write off Greece's debt, because then Portugal, Spain and Italy will fucking explode because they are working on decreasing their debts the hard way. And throwing Greece out is very undesirable, because it'll push them towards Russia. Plus the Euro has a reputation to uphold.[/QUOTE] In the end, the EU should've never allowed Greece to join. That country has brought us nothing but trouble, and no matter what happens, it'll do even more damage.

I'm curious, do the Austerity measures even work in greece?