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Greece Will Not Default - Pm Tsipras

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This stood out for me on the main Greek thread - "One of the first decisions announced by the new government was stopping the planned sale of a 67% stake in the Piraeus Port Authority, agreed under its international bailout deal for which China’s Cosco Group and four other suitors had been shortlisted."

Now if that isn`t telling the bankers to take two steps back and get their negotiating hats on I don`t know what is? Good start IMO. Greeks I know don`t want to come out of the EU, and some have said there will be "revolution" if that happened after a default. I don`t know enough about the politics to comment on that though.

Edited by dances with sheeple

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http://www.bbc.co.uk/news/world-europe-31016261

"New Greek PM Alexis Tsipras says his country will not default on its debts."

SO much for them standing up to the bankers.

he has said all along they dont intend to default. Pay attention.

They intend to renegotiate their debt with their creditors. Which is what happens in all civilised creditor/debtor relations.

If you read the main thread you would know this.

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QE announced last week.

Greece not defaulting this week.

Bail ins, bail outs, its all in the days work for kleptocratic central banks.

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Apparently they don't have a primary deficit any more, so the power is all with them now. The deal should be....

Dear Creditors, would you like....

1) Nothing

2) Something, one day, perhaps

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I suppose the headline was from the BBc and I forgot the first rule of reading the BBc website, dont believe a ****ing word they say.

+1

Sometimes it's the massive amount they miss out.

Edited by billybong

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he has said all along they dont intend to default. Pay attention.

They intend to renegotiate their debt with their creditors. Which is what happens in all civilised creditor/debtor relations.

If you read the main thread you would know this.

Sounds like an orderly default to me. From Wikipedia:

Orderly defaults

In times of acute insolvency crises, it can be advisable for regulators and lenders to preemptively engineer the methodic restructuring of a nation's public debt- also called "orderly default" or "controlled default".[4][5] Experts who favor this approach to solve a national debt crisis typically argue that a delay in organising an orderly default would wind up hurting lenders and neighboring countries even more.[6]

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Sounds like an orderly default to me. From Wikipedia:

Theyre not insolvent

german banks who held the assets before official sector bought them may have been though.

Effectively, ECB, IMF, EZ Troika rescued EU bank/creditors by buying up greek debt and forcing liability onto greek govt/people (with complicit govt imposed by EU/memoranda).

90% or so of the "bailout" never touches greece at all. greece are simply the sucker on the memoranda to enable the back door bailout of german (and other) banks/creditors. Because Merkel/Schauble refused to reconise thier banks were in trouble.

Its far easier blaming greeks, than blaming german banks/savers and EZ structure/policy and media played along with it.

But Europeans are slowly waking up to this big lie. Not for the first time theyve been duped by germany.

Edited by R K

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Theyre not insolvent

german banks who held the assets before official sector bought them may have been though.

Effectively, ECB, IMF, EZ Troika rescued EU bank/creditors by buying up greek debt and forcing liability onto greek govt/people (with complicit govt imposed by EU/memoranda).

90% or so of the "bailout" never touches greece at all. greece are simply the sucker on the memoranda to enable the back door bailout of german (and other) banks/creditors. Because Merkel/Schauble refused to reconise thier banks were in trouble.

Its far easier blaming greeks, than blaming german banks/savers and EZ structure/policy and media played along with it.

But Europeans are slowly waking up to this big lie. Not for the first time theyve been duped by germany.

Sure, but if Greece wasn't insolvent in the first place, why didn't they just pay their debts?

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Theyre not insolvent

german banks who held the assets before official sector bought them may have been though.

Effectively, ECB, IMF, EZ Troika rescued EU bank/creditors by buying up greek debt and forcing liability onto greek govt/people (with complicit govt imposed by EU/memoranda).

90% or so of the "bailout" never touches greece at all. greece are simply the sucker on the memoranda to enable the back door bailout of german (and other) banks/creditors. Because Merkel/Schauble refused to reconise thier banks were in trouble.

Its far easier blaming greeks, than blaming german banks/savers and EZ structure/policy and media played along with it.

But Europeans are slowly waking up to this big lie. Not for the first time theyve been duped by germany.

Ireland was screwed even harder - the 'bailout' was a straightforward dumping of banking sector debt onto the Irish taxpayer, to be repaid at >5% interest. Despite being described as a 'bailout of Ireland' the only people being bailed out were the Irish banks and by extension their Eurozone bank creditors. For Ireland, it was just the people being shafted.

At least in the case of Greece, it was largely already state debt - the Irish state was pretty solvent until it took on the debts of it's greedy, crooked banksters courtesy of it's stupid, crooked politicians.

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