Greece will hold a referendum on bailout

31-10-2011 07:45PM #1

http://www.bbc.co.uk/news/world-europe-15526719
Greece will hold a referendum on a new European Union aid package intended to resolve the country's debt crisis, Prime Minister George Papandreou says.

Mr Papandreou said a vote of no-confidence would also be held on the deal - but no dates were set.

The package envisages losses of up to 50% for private holders of Greek debt and a new 100bn euro loan ($140bn).

There have been large-scale protests in Greece against the austerity measures introduced by the government.

Should we have one next!

phasers · 31-10-2011 07:51PM

What happens if they vote no and the country implodes into itself?

galwayrush · 31-10-2011 07:53PM

phasers wrote: »

What happens if they vote no and the country implodes into itself?

You mean, what happens when they vote no...

SEPT 23 1989 · 31-10-2011 07:54PM

phasers wrote: »

What happens if they vote no and the country implodes into itself?

War

Saila · 31-10-2011 07:54PM

to all the people shouting about "greece got their debt 50% written off we should get the same ARRRRGH!!! :mad:", well if the greeks dont want it its not that good really and this is the proof!

phasers · 31-10-2011 07:55PM

SEPT 23 1989 wrote: »

War

Civil or world?

Ghandee · 31-10-2011 07:57PM

Deleted User wrote: »

Should we have one next!

No point.

Our govt should just do whatever the fcuk they want with the bailout, because referendums don't mean Jack shít to us.

Remember the Lisbon treaty anyone :rolleyes:
]
Unless our 'vote' reflected the actual wishes of the Govt, we'd be forced to go back to the polling stations until the vote was satisfactory to the Government. If that took one hundred revote's, so be it!

Dotrel · 31-10-2011 07:57PM

phasers wrote: »

Civil or world?

Galactic

snubbleste · 31-10-2011 07:57PM

If you don't give us more money, we'll put the bailout to the people and the eurozone shall implode.
Ok then, go ahead.

Elba101 · 31-10-2011 07:57PM

Referendums don't come cheap!

Chips Lovell · 31-10-2011 08:00PM

So if we reject the bailout, what do we do then?

SEPT 23 1989 · 31-10-2011 08:00PM

phasers wrote: »

Civil or world?

Civil and then European

Saila · 31-10-2011 08:01PM

Vladimir Kurtains wrote: »

So if we reject the bailout, what do we do then?

crumble and fall into the sea pretty much, we cant

mikom · 31-10-2011 08:02PM

Knowing the Greeks they will probably want to be paid to vote in this referendum.

My name is URL · 31-10-2011 08:03PM

Are that many people actually against the 'bailout'?

I would have thought that most realise that we do in fact depend on it, and are instead opposed to the terms of the agreement.

mickydoomsux · 31-10-2011 08:12PM

There are now people asking the question as to whether Greece should have been allowed into the EU in the first place because of their shaky economy and rife corruption.

Sarkosy has gone as far as to accuse them of cooking the books around the time of their inclusion. Be a shame if these corrupt, lazy fools took the whole project down.

cml387 · 31-10-2011 08:21PM

mickydoomsux wrote: »

There are now people asking the question as to whether Greece should have been allowed into the EU in the first place because of their shaky economy and rife corruption.

Sarkosy has gone as far as to accuse them of cooking the books around the time of their inclusion. Be a shame if these corrupt, lazy fools took the whole project down.

They did cook the books.Goldman Sachs helped them.

RachaelVO · 31-10-2011 08:24PM

Vladimir Kurtains wrote: »

So if we reject the bailout, what do we do then?

Don't pay the bond holders, who are mostly (although not all) German and French, hence the reason the Germans and French want us to have the bailout. Infact if it wasn't for them fcukers we would be in the sh1te as deep as we are!!!!

4leto · 31-10-2011 08:24PM

This is a cop out from government off course the Greek people will reject the terms, then what, who knows.

RachaelVO · 31-10-2011 08:25PM

cml387 wrote: »

They did cook the books.Goldman Sachs helped them.

I know the artificially inflated their books to get into the EU, but did Goldman Sachs really help them, was there not someone else involved in it (too)?

SEPT 23 1989 · 31-10-2011 08:27PM

RachaelVO wrote: »

I know the artificially inflated their books to get into the EU, but did Goldman Sachs really help them, was there not someone else involved in it (too)?

Lucifer?

the groutch · 31-10-2011 08:30PM

RachaelVO wrote: »

I know the artificially inflated their books to get into the EU, but did Goldman Sachs really help them, was there not someone else involved in it (too)?

Fianna Fail?

Adamisconfused · 31-10-2011 08:33PM

4leto wrote: »

This is a cop out from government off course the Greek people will reject the terms, then what, who knows.

They see that Greece is screwed either way, so they might as well lay it on the back of the average Greek who would otherwise blame the government.

dj jarvis · 31-10-2011 08:35PM

cml387 wrote: »

They did cook the books.Goldman Sachs helped them.

you sir are 100% percent correct
and don't forget they were sponsored by France and backed by the good old USA

little napoleon should think before he speaks :eek:

as for Greece i think they will say no - but does not matter, they don't own the gaff anyway - after a no vote the civil service will stop being paid because they will have broken the terms of the troika rip off and then the **** will hit the fan

if Greece had any sense it would accept the deal , get most of its debts written off - get CHEAP CHEAP loans from the IMF/EU, stabilize the country then announce they are leaving the euro in a orderly manner - stick 2 fingers up at eurocrats :-) , becasue as far as i know they cant be kicked out and there would be no sanction the EU could level at them for leaving

now granted they would be at the mercy of the bond markets for funding but they are at the "mercy" of the IMF/EU anyway
knowing the Greeks they would prefer self destruction than a outside force doing it

Wertz · 31-10-2011 08:36PM

Elba101 wrote: »

Referendums don't come cheap!

Come on...it's not like they'll be paying for it...they don't pay for f*ck all else...

AlmightyCushion · 31-10-2011 08:37PM

Deleted User wrote: »

Should we have one next!

Why would we have a vote on it? We had two choices on where we borrow from. With the EU/IMF we were and still are getting better rates then we would from the bond market. So rejecting the bailout would mean paying more interest. What would the point of that be.

4leto · 31-10-2011 08:38PM

Adamisconfused wrote: »

They see that Greece is screwed either way, so they might as well lay it on the back of the average Greek who would otherwise blame the government.

If they don't get a bail out the state will fail, just like Argentina in the 80s, public services will cease. We are not in a much better position with-out the bail out cash our public services will also cease.

ejmaztec · 31-10-2011 08:38PM

Knowing the Greeks expertise at cooking, they'll probably announce the referendum result before the referendum takes place.

Killer Pigeon · 31-10-2011 08:41PM

phasers wrote: »

What happens if they vote no and the country implodes into itself?

Germany would invade them ... again ... naughty Germans.

4leto · 31-10-2011 08:42PM

I think there is a very real danger of Greece returning to a military government, a coup detat.

steve9859 · 31-10-2011 08:44PM

mickydoomsux wrote: »

There are now people asking the question as to whether Greece should have been allowed into the EU in the first place because of their shaky economy and rife corruption.

Sarkosy has gone as far as to accuse them of cooking the books around the time of their inclusion. Be a shame if these corrupt, lazy fools took the whole project down.

People aren't asking the question. Rather it is accepted fact that they would not have been compliant if it were not for a Currency swap arranged by goldman Sachs. The transaction was legal at the time, but such trades were subsequently made illegal. If you google Goldmans, Greece, Swaps, you will find all the sordid detail

Greece will hold a referendum on bailout

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