yeah, I'm watching live at 15:00 et. 50% of vote in, about 60% no, which I guess means a duel currency for a while. Use the drachma to pay off pensioners, and the euro to pay off foriegn crediters
all I can say is, if they think they have endured austerity for the last five years, they aint seen nothing yet
I have no problem with somedody that defaults, that's just a trade between a creditor and a borrower. Sometimes you win, sometimes you lose. But living without credit is another matter. No man, no matter how simple he is can live without a line of credit.
"Tsipras has not explained why he thinks that the creditors will now bend over and agree to hand him their taxpayers' money against fewer reforms, just because a majority of the [receiving] Greeks think that this is a good idea"
a lot of this is just for show and pride. EU won't kick greece out and greece won't leave. It's like a really bad marriage. Maybe they need a separation for a while. Who knows? Maybe Greece will find a nice Russian boyfriend for a while.
and that's why they always say, pick a girl who came from a similar background that you came from. and it can really work if you both detest the background you came from but usually over time, hybrids revert back to species
In the range of 18-33 years age most people voted NO because they suffered already a lot. Old people voted YES because they are afraid for their pension and savings. A generation conflict. Euro going lower apparently to 1.1000 now. If Euro politicians give new money to Greece they risk their job. The anti Europe movement will gain momentum. Maybe now a referendum in Europe: give more money to Greece? Yes or NO. Eurogroup will NOT meet on monday. They have no idea what they should speak about.
Regardless of your views on this (I have mine as well), how do you think this will impact the markets...short and mid-term?