Sunday, July 5, 2015

Greek Referendum: Does a Landslide NO win = No Win? Mandate for Greek Exit?

The Latest! It looks to be a massive win for the NO vote.
A clear mandate for Greece to exit the Euro tyranny. 

 Greek Referendum Results: Landslide Win for No Vote in Greece

The first official estimation for Sunday’s Greek referendum results show a victory for the NO vote with a 61% against a 39% YES vote with 46% of the votes counted, according to The Ministry of Interior and Administrative Reconstruction.
This is a very significant victory for the Greek government, which was campaigning in favor of the NO vote arguing that it will strengthen Greece’s negotiating power in its attempt to strike a better deal with its international creditors than the one previously offered.
On the other hand, European Commission President Jean Claude Juncker said on Friday that a NO vote would “dramatically weaken” the Greek negotiating position.
The implications of the vote are unclear at this moment.
What will the NO win actually accomplish? 

I did notice global rallies being held for Greece and the Greek people- Will this vote help toss off the shackles of debt based currency and private central bank enslavement? It could be a start.

A news round up:

8:40 p.m.

Of the first 20 percent of votes counted in Greece's referendum on whether to accept more austerity in exchange for a bailout, 60 percent voted "no" and 40 percent voted "yes."

Varoufakis to Meet Bankers on Sunday Evening
Greek Finance Minister Yanis Varoufakis will meet with Greek bankers on Sunday evening after the first official estimations of Sunday’s referendum, according to Reuters News Agency.
The current capital control regime imposed in Greece since Sunday is scheduled to be lifted on Tuesday July 7. With the latest polls showing a victory of the NO vote, it is unclear how this plan will be affected.
Merkel, Hollande to Determine European Response to Greek Choice
The meeting of the leaders of Europe’s two biggest economies will help shape the euro-area response to one of the greatest challenges to face the currency region shared by 19 nations. Preliminary polls suggest Greeks may have sided with Prime Minister Alexis Tsipras’s government and rejected the terms of rescue aid set by creditors. First official projections will be made later on Sunday.
See actual count story above- Poll projections below

Greek Referendum Poll: 52% No -- 48% Yes. No vote may be larger.

Voting on the Greek Referendum is over. Early polls indicate that the “No” vote prevails over the “Yes” vote. Metron Analysis, for instance, reports a 52% for the “No” and 48% for the “Yes.” Other polling companies also reported a lead of the “No” vote over the “Yes” vote, though actual results indicated a bigger lead of the “No” vote.

Greece has no plans to issue parallel currency, says Tsakalotos

Greece should NOT issue a parallel currency- they should issue their own currency, leave the EU and default- F the bankers
Greece's government is not considering printing a new currency, a government official said on Sunday, after opinion polls showed that Greeks are set to reject an aid package from creditors in a referendum.

"We are not discussing a parallel currency," Euclid Tsakalotos, the coordinator of negotiations with the country's creditors, told Star TV. "I do not think...that they are going to throw us out. We are ready to meet them as early as tonight."
See above linked article:Varoufakis to Meet Bankers on Sunday Evening

And finally!

Greek central bank to request ECB raises ELA funding

Greece's central bank will file a request on Sunday that the European Central Bank (ECB) raise the amount of emergency funding (ELA) for Greek banks, the country's government spokesman said on Sunday.
"The Bank of Greece will make a request today, and we believe there are valid grounds for there to be an increase in ELA liquidity... there is no reason not to increase liquidity," Gabriel Sakellaridis told ANT1 television
More debt for the people- why when Greece can create their own debt free currency?


Update: I noticed all week the western media was playing the young vs old perception management meme- However, given the living situations in Greece- Three generations under one roof- this seemed nonsensical

Digital Journal- Scenes of joy and a few words from Greece

"This is a victory for the Greek people, a chance for Europe," said Giorgos, 25, who had rushed along with his girlfriend to join some 6,000 people celebrating their triumph.
"Spain, and then Portugal, should follow this path. We're for a Europe of the people," he said.
 Giorgos insisted: "Greeks are not afraid".

While many of those who voted 'No' were youths hit by record jobless rates, there were also elderly people in the crowds, wrapped in Greek flags and dancing in time with the victory chants.
A mechanic in his sixties named Giorgos said that Germans -- viewed by many as Greece's nemeses in Europe -- "were not counting on a great Greek victory".

I wish the Greek nothing but the best. The situation was so dire there. May the winds of change blow very favourably on them and us all!


  1. This makes me smile and now more wait and see. I was over at yahwoooie and wow the hate by those who have no clue on what happened to Greece and why the own money. It's like everyone in Greece got free money. Sad.

    1. Hey jo- I noticed the hate vibe over at the CBC- the dolts actually 'believe' thanks to our lying media that the people got the money and wasted it
      As if!
      The money went to the banks, the military industrial complex, the oligarchs etc- the people had everything cut

      The ignorance is appalling, but, I blame the evil, war mongering media

  2. From a few days ago.

  3. Notice it's the Greek flag flying? The EU flag is absent. Wonder why? Not

  4. This still has the strong feel of lots of sturm und drang, but no clarity as to what the whole thing means. We understand that the Greek people don't want slavery. OK, but what is it that the powerful factions in the EU actually want, and, within those constraints, what would the Greek people want? Is there some big fight between London and Germany? Is the US trying to destabilize Europe? Why is the IMF behaving the way it is? There are so many questions, and not many answers. Also, who is Tsipras? Who made him? Who were his early backers?


    1. Lots of good question there, Paul. I'd be interested in whatever answers you come up with.

    2. Hi Paul: Very good questions.
      And like james said, any answers, possibilities or suggestions would be great- I'm at a loss?
      Did you notice that the Finance Minister suddenly quit to make negotiations 'go smoother'- I find that odd. Very odd.

  5. James and Penny,

    I will have to admit to not even having firm guesses. There is some evidence that elements in Germany have actually wanted Greece to leave on painful terms, but could never say that publicly. Too bitter a pill for many. So they would maneuver to create the circumstances where it would happen. There is also the issue of Deutsche Bank and whether and when it will hit the wall. It is not exactly German, so it is a separate issue. Elements in Germany may have an interest in using Greece as a way in for the BRICS/Eurasia interests, as long as they don't start screaming about leaving NATO from the very beginning. For better or for worse, many in Russia and China would rather keep countries like Greece in the EU to prevent it from becoming too US-dominated.

    In any case, almost all war is based on deception and a large degree of political factional fighting is as well. It is certainly possible that the public positioning of people in the Greek crisis is not where they are actually coming from.

    Many argue that the US is trying to destabilize the EU and use this as leverage to pressure the EU to not become too understanding with Russia and the whole Eurasian zone. Again, the TTIP to colonize Europe. This is so painful that the amount of money in question for Greece is trivial. If the US is willing to go to the mat over that treaty, then the losing interests, such as German industrial concerns, would go to just about any effort to work with Russia and China to change the game.

    As for Tsipras the man, damned if I know. OK, he joined the Young Communists at 14 or 15. Fine. He gets the attention of many at an early age, and could have been a player in the EU game if he had gone in that direction. Sure, but who is he? He is not married, though he has children, with one named after Che Guevara. He is an atheist, and doesn't wear ties. It all feels so scripted to me. Apologies to those who have a positive view of the man. I guess I like my Leftists to have scars from factory injuries, not a degree in urban planning.