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Greece Defaults; Still Wants Bailout

posted by cmn32480 on Thursday July 02 2015, @01:48AM   
from the we'll-pay-you-back-this-time-we-swear dept.

BK writes:

Greece missed a payment to the IMF on Tuesday and defaulted, but now they are willing to do the deal, or most of the deal, that would have prevented it. According to CNN:

Whoa! The Greek government is now ready to sign on to a bailout package it threw out just days ago, but the about-face won't fix the country's crisis any time soon.

Additional coverage of the Greek Referendum and the political backlash in the Eurozone can be found from the BBC.

It looks like they want to add amendments, so this is not a done deal. Maybe it's not too late for Greece? Or is the Euro better off without Greece? Or Greece without the Euro?

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Original Submission

• Terrible summary Terrible summary (Score: 5, Insightful) by Anonymous Coward on Thursday July 02 2015, @04:59AM

  by Anonymous Coward on Thursday July 02 2015, @04:59AM (#204101)

  The Greek government held a referendum on whether to accept the deal. Germany^H^H^H the ECB told Greece to fuck off on a short extension to accommodate the referendum.

  Summary writer mocks the Greek government for actually serving the desires of the Greek people by asking them what they want. Contrast that to the US TPP secret negotiations, secret agreements, and fuck all for what the people actually want.

  Starting Score:	0		points
  Moderation		+5
  Insightful=3, Informative=1, Underrated=1, Total=5
  Extra 'Insightful' Modifier		0
  Total Score:		5

• Re:Terrible summary (Score: 3, Insightful) by FatPhil on Thursday July 02 2015, @07:44AM

  by FatPhil (863) <reversethis-{if.fdsa} {ta} {tnelyos-cp}> on Thursday July 02 2015, @07:44AM (#204129) Homepage

  It's not just a bad summary, it's a fucking lie. The CNN link doesn't contain the quoted material. No "Whoa", nothing being described as being "[thrown] out", no mention of an "about face". All those are loaded expressions implying bias. A bias that the actual linked-to article does not have.
  
  Bad eds.

  --
  Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves

  Parent

• Re:Terrible summary Re:Terrible summary (Score: 2) by FakeBeldin on Thursday July 02 2015, @11:35AM

  by FakeBeldin (3360) on Thursday July 02 2015, @11:35AM (#204167) Journal

  Or: The Greek government deliberately walked out of talks after five months and stalled progress by deliberately holding a referendum half a week after a deadline they promised to keep five months ago, when the deadline 5 months ago was postponed just to give them space.

  If the Greek government wanted to know what the Greeks want, they could've come up with that idea 4.5 months ago. Doing it 2 days before their deadline expires is not an example of democracy. It's an example of playing chicken over the backs of your citizens.

  Parent

  • Re:Terrible summary (Score: 1, Informative) by Anonymous Coward on Thursday July 02 2015, @12:42PM

    by Anonymous Coward on Thursday July 02 2015, @12:42PM (#204195)

    No, they could not have held the same referendum five month ago : during the negociations, all parties changed their position. But now the EU wants to force Tsipras to forget the promises he made when he got elected : no more cuts to pensions, no more VAT on basic needs (such as electricity). This is were the blockage is, and now Tsipras has few choices. So he is just saying : here is what the EU/IMF/ECB want. Do you accept that (and I think you should not) or do you accept to take the risk of defaulting (and *maybe* Greece exit from the Eurozone even if no procedure exists for that in the EU treaties)

    Parent