30 June 2015 - 7 p.m. - EU rejects 3rd bail out to Greece in order to meet 22 hrs GMT IMF deadline of today
http://www.reuters.com/article/2015/06/30/eurozone-greece-payment-idUSL8N0ZG4DQ20150630
Daily account of developments in the Greek economy since January 1, 2015. The commentator has paticular interest in Greece's economy, being owner of the domain name http://www.δραχμή.gr/, since emergence of IDN in 2010. You can email commentator Philippe through internetavenue@outlook.com
Tuesday, June 30, 2015
30 June 2015 - 6 p.m.CET - Tsipras asks for 3rd bailout program; EU replies Tsipras has to back a YES in referendum; Tsipras says to resign if referendum = YES
30 June 2015 - 6 p.m.CET - Tsipras asks for 3rd bailout program; EU replies Tsipras has to back a YES in referendum; Tsipras says to resign if referendum = YES
http://www.newstatesman.com/politics/2015/06/last-minute-greece-requests-third-bailout
http://www.newstatesman.com/politics/2015/06/last-minute-greece-requests-third-bailout
30 June 2015 1 p.m. - "As a rule, it takes at least one to one and a half years to set up a currency from scratch,"
"As a rule, it takes at least one to one and a half years to set up a currency from scratch,"
http://www.reuters.com/article/2015/06/30/eurozone-greece-drachma-idUSL8N0ZG1WX20150630
http://www.reuters.com/article/2015/06/30/eurozone-greece-drachma-idUSL8N0ZG1WX20150630
Monday, June 29, 2015
29 June 2015 - 6 p.m. CET - 'Betrayed' Juncker urges Greece to vote 'Yes' to stay in euro
'Betrayed' Juncker urges Greece to vote 'Yes' to stay in euro
29 June 2015 2 p.m. CET - Figure: Greece did not survive BANKSHOCK 2008 as well as other countries
29 June 2015 2 p.m. CET - Figure: Greece did not survive BANKSHOCK 2008 as well as other countries (see figure)
http://euro-drachma-grexit.blogspot.com
http://euro-drachma-grexit.blogspot.com
Sunday, June 28, 2015
29 June 2015 7.30 a.m. CET - Greek banks remain closed for a week - 60 euro per day ATM limit
http://famagusta-gazette.com/banks-shut-in-greece-euros-a-day-limit-at-atms-p28672-69.htm
29 June 2015 7.30 a.m. CET - Greek banks remain closed for a week - 60 euro per day ATM limit
29 June 2015 7.30 a.m. CET - Greek banks remain closed for a week - 60 euro per day ATM limit
28 June 2015 10 p.m. CET - Download CREDIROR'S proposal to Greece as of 25 June 2015 !
28 June 2015 10 p.m. CET - Download CREDIROR'S proposal to Greece as of 25 June 2015 !
http://www.xn--jxafi7ax1b.gr/docs/269659465-Creditors-proposal-to-Greece-25-6-2015.pdf
http://www.δραχμή.gr/
(above domain name is for sale! be smart, buy now BEFORE referendum - look on site for email)
http://euro-drachma-grexit.blogspot.nl
28 June 2015 - 8 pm - ECB keeps ELA = Emergency Lending Agreement to 90 billion euro + Greek banks remain closed Mo 29 June + Greek debt crisis: Banks to stay shut, capital controls imposed
http://www.bbc.com/news/world-europe-33305019
Greek debt crisis: Banks to stay shut, capital controls imposed
28 June 10 am CET - Will ECB stop ELA tomorrow? Will IMF call for default on Tuesday? Wait for July 5 'Greferendum'?
28 June 2015 10 am CET - Will ECB stop ELA tomorrow? Will IMF call for default on Tuesday? Wait for July 5 'Greferendum'?
http://www.timeslive.co.za/world/2015/06/28/Grexit-to-Greferendum-Athens-on-the-brink-of-default
http://www.timeslive.co.za/world/2015/06/28/Grexit-to-Greferendum-Athens-on-the-brink-of-default
'Grexit' to 'Greferendum': Athens on the brink of default
Aurélie MAYEMBO | 28 June, 2015 09:22
http://euro-drachma-grexit.blogspot.com/
Who is getting the film script rights for this drama, Hollywood?
http://euro-drachma-grexit.blogspot.com/
Who is getting the film script rights for this drama, Hollywood?
Saturday, June 27, 2015
28 June 2015 - 8 a.m. CET - Parliament approves referendum; Greece's future in balance (5 July 2015 referendum)
Parliament approves referendum; Greece's future in balance (5 July referendum)
| Ynetnews | - 41 minutes ago |
ATHENS - Greece's parliament voted early Sunday in favor of Prime Minister Alexis Tsipras' motion to hold a July 5 referendum on creditor proposals for reforms in exchange for loans, with the country's future in the eurozone looking increasingly shaky.
http://www.ynetnews.com/articles/0,7340,L-4673422,00.html
http://www.ynetnews.com/articles/0,7340,L-4673422,00.html
28 June 2015 - 8 a.m. CET
27 June 2015 - 4 p.m. CET - Greece has closed doors for further talks - 4.30 pm: Greece will be thrown out
Greece has closed doors for further talks 4 p.m. CET 27062015
http://english.ahram.org.eg/NewsContent/3/12/133873/Business/Economy/Greece-has-closed-door-on-further-talks-Eurogroup-.aspx
to internetavenue@outlook.com !
internetavenue@outlook.com
http://euro-drachma-grexit-blogspot.com
UPDATE 4.30 pm CET - Greece will be thrown out!
http://www.telegraph.co.uk/finance/economics/11702478/Greece-crisis-live-shock-referendum-throws-bail-out-future-into-chaos-ahead-of-crunch-Brussels-meeting.html
Friday, June 26, 2015
26 June 2015 5 pm CET: Greek gets 5 months EXTRA from Trojka
26 June 2015 5 pm CET: Greek gets 5 months EXTRA from Trojka
Till now, this news is only available in Dutch, because of BE:
http://www.standaard.be/cnt/dmf20150626_01749865
(use google site translator)
http://euro-drachma-grexit.blogspot.com/
Till now, this news is only available in Dutch, because of BE:
http://www.standaard.be/cnt/dmf20150626_01749865
(use google site translator)
http://euro-drachma-grexit.blogspot.com/
26 June 2015: New meeting scheme: Saturday EU-Greece, Sunday Greek Parliament, Monday 29 all EU parliaments
26 June 2015: New meeting scheme: Saturday EU-Greece, Sunday Greek Parliament, Monday 29 all EU parliaments
Thursday, June 25, 2015
25 June 2015 - 6 p.m. CET: no deal with Greece - continuation Sunday June 28, deadline is Thursday June 30 24:00 hrs
25 June 2015 - 6 p.m. CET: no deal with Greece - continuation Sunday June 28, deadline is Thursday June 30 24:00 hrs
http://in.reuters.com/article/2015/06/25/eurozone-greece-idINKBN0P417H20150625
No, change at 10 pm: continuation on Saturday June 27:
http://in.reuters.com/article/2015/06/25/eurozone-greece-idINKBN0P417H20150625
http://in.reuters.com/article/2015/06/25/eurozone-greece-idINKBN0P417H20150625
No, change at 10 pm: continuation on Saturday June 27:
http://in.reuters.com/article/2015/06/25/eurozone-greece-idINKBN0P417H20150625
Wednesday, June 24, 2015
24 June 2015 10 am CET: Tsipras flies to Brussels to salvage deal
Tsipras flies to Brussels to salvage deal
Greek compromise offer facing calls for significant revisions by creditors
Tuesday, June 23, 2015
23 June 2015 1 pm CET - Greek proposal of this morning, 23 June, 'not too bad' but meeting EU finance tomorrow June 24 will be crucial
http://www.wsj.com/articles/greeces-lenders-weigh-proposals-ahead-of-crunch-meetings-1435055982
Monday, June 22, 2015
22 June 2015 6.40 p.m. - Eurozone talks break off without agreement on greece bailout
22 June 2015 6.40 p.m. - Eurozone talks break off without agreement on greece bailout
http://www.ctvnews.ca/business/eurozone-talks-break-off-without-agreement-on-greece-bailout-1.2433907
http://euro-drachma-grexit.blogspot.com/
and....http://www.δραχμή.gr/, is for sale! Mail internetavenue@outlook.com to make a bid!
http://www.ctvnews.ca/business/eurozone-talks-break-off-without-agreement-on-greece-bailout-1.2433907
http://euro-drachma-grexit.blogspot.com/
and....http://www.δραχμή.gr/, is for sale! Mail internetavenue@outlook.com to make a bid!
EU 'gives Greece six more months': Bailout is set to be extended after country's left-wing leader 'finally agrees to discuss cutting pensions
EU 'gives Greece six more months': Bailout is set to be extended after country's left-wing leader 'finally agrees to discuss cutting pensions'
- Greece and eurozone creditors are edging towards an eleventh-hour deal
- EU leaders said to be considering extending Greek bailout by six months
- Move would give debt-stricken nation up to 18billion euros in rescue funds
- Greece needs to borrow more cash by June 30 or it will default on its debts
http://www.dailymail.co.uk/news/article-3133343/Greece-makes-ditch-offer-avoid-crashing-Euro-ahead-emergency-talks-Brussels.html
http://euro-drachma-grexit.blogspot.com/
Friday, June 19, 2015
19 June 2015 11 p.m. - Preview from interview with Juncker to be published in 'Der Spiegel' on Sat. 20 June
19 June 2015 11 p.m. - Preview from interview with Juncker to be published in 'Der Spiegel' on Sat. 20 June
http://greece.greekreporter.com/2015/06/19/juncker-greeks-wait-for-someone-to-pull-a-rabbit-out-of-the-hat/
http://greece.greekreporter.com/2015/06/19/juncker-greeks-wait-for-someone-to-pull-a-rabbit-out-of-the-hat/
Juncker: ‘Greeks Wait For Someone to Pull a Rabbit Out of the Hat’
but Juncker assures: no one will pull rabit out of the hat.
19 June 2015 11 am CET - Eurozone leaders to hold emergency summit on Greece
Eurozone leaders to hold emergency summit on Greece
(Monday evening 22 June)
http://www.δραχμή.gr/, is for sale, make a bid to internetavenue@outlook.com !
http://euro-drachma-grexit.blogspot.com/
Thursday, June 18, 2015
18 June 6 pm CET Reuters: IMF dismisses hope of grace period on Greek loans
http://uk.reuters.com/article/2015/06/18/uk-eurozone-greece-idUKKBN0OW18Q20150618
The IMF dashed any hope on Thursday that Greece could avert default if it fails to repay a 1.6 billion loan by the end of June, piling pressure on leftist Prime Minister Alexis Tsipras, who showed no sign of yielding to creditors' demands.
Wednesday, June 17, 2015
18 June 2015: What happened if Greece would just disappear?
What happened if Greece would just disappear?
http://ipolitics.ca/2015/06/17/what-if-greece-just-disappeared/
http://ipolitics.ca/2015/06/17/what-if-greece-just-disappeared/
17 June 6 pm CET 2015 - Thrilling Greek final: if Greece has to leave euro, it says it also wants to LEAVE THE EU ZONE (!!!);
If Greece has to leave euro, it says it also wants to LEAVE THE EU ZONE
http://www.nu.nl/economie/4070193/griekenland-verlaat-eurozone-als-er-geen-akkoord-wordt-bereikt.html
Belgian 'De Morgen' (Dutch, use translator) already announces that Sunday 21 June 2015 probably an emergency Greece summit will be held, apart from tomorrow's 18 June EU finance ministers' meeting:
http://www.demorgen.be/buitenland/live-eu-overweegt-noodtop-op-zondag-over-griekenland-a2360376/
http://euro-drachma-grexit.blogspot.com
http://www.nu.nl/economie/4070193/griekenland-verlaat-eurozone-als-er-geen-akkoord-wordt-bereikt.html
Belgian 'De Morgen' (Dutch, use translator) already announces that Sunday 21 June 2015 probably an emergency Greece summit will be held, apart from tomorrow's 18 June EU finance ministers' meeting:
http://www.demorgen.be/buitenland/live-eu-overweegt-noodtop-op-zondag-over-griekenland-a2360376/
http://euro-drachma-grexit.blogspot.com
Tuesday, June 16, 2015
Monday, June 15, 2015
16 June 2015 6 a.m. CET - Greece creditors harden stance after debt talks collapse
16 June 2015 6 a.m. CET - Greece creditors harden stance after debt talks collapse
http://www.ndtv.com/world-news/greece-creditors-harden-stance-after-debt-talks-collapse-772015
And very good Belgian article of the situation, 50% chance of Grexit etc (use google web page translator if you cannot understand Dutch/Flemish)
http://www.demorgen.be/economie/komt-er-nu-een-grexit-of-niet-a2360234/
http://www.ndtv.com/world-news/greece-creditors-harden-stance-after-debt-talks-collapse-772015
And very good Belgian article of the situation, 50% chance of Grexit etc (use google web page translator if you cannot understand Dutch/Flemish)
http://www.demorgen.be/economie/komt-er-nu-een-grexit-of-niet-a2360234/
Sunday, June 14, 2015
Saturday, June 13, 2015
14 June 2015 1 am CET - Count down: only four days of pro-forma negotiations to go....
14 June 2015 1 am CET - Count down: only four days of pro-forma negotiations to go....
(editorial). It is clear EU, IMF and ECB have the right standpoint.
Tsipras starts everyday, upon awaking, telling that 'a deal is very near'
He now sent a team to Brussels, Saturday June 13, that should work fulltime on a 'complicated deal' until June 18, EU finance ministers meeting.
Tsipras immediately starts on the wrong foot:
http://www.huffingtonpost.com/2015/06/13/greek-debt-relief_n_7577400.html
perhaps to actively give a sign that he wants to grexit.
4 more days of 'pro forma negotiations for the plebs', but more sophisticated people, like the readers of this blog, know the outcome: disagreement and Grexit on June 18! Still 4 - 5 nights of sleeping, then we can rejoy in a Grexit! And first bids on http://www.δραχμή.gr/,
Extra: June 13, 2015
After IMF departure, EU puts ball back in Greece's court
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_12/06/2015_550979
Independent.ie
"The IMF said that the Greek pension system is "unsustainable", with state spending on pensions accounting for 10pc of GDP, compared with 2.5pc across the EU as a whole."
(editorial). It is clear EU, IMF and ECB have the right standpoint.
Tsipras starts everyday, upon awaking, telling that 'a deal is very near'
He now sent a team to Brussels, Saturday June 13, that should work fulltime on a 'complicated deal' until June 18, EU finance ministers meeting.
Tsipras immediately starts on the wrong foot:
http://www.huffingtonpost.com/2015/06/13/greek-debt-relief_n_7577400.html
perhaps to actively give a sign that he wants to grexit.
4 more days of 'pro forma negotiations for the plebs', but more sophisticated people, like the readers of this blog, know the outcome: disagreement and Grexit on June 18! Still 4 - 5 nights of sleeping, then we can rejoy in a Grexit! And first bids on http://www.δραχμή.gr/,
Extra: June 13, 2015
After IMF departure, EU puts ball back in Greece's court
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_12/06/2015_550979
Independent.ie
"The IMF said that the Greek pension system is "unsustainable", with state spending on pensions accounting for 10pc of GDP, compared with 2.5pc across the EU as a whole."
'Bye, bye, little Greek friend' (after 'Bye, bye, Miss American Pie') June 13, 2015
Who can perform the music? NEW LYRICS!
'Bye, bye, little Greek friend' (after 'Bye, bye, Miss American Pie')
A long, long time ago
I can still remember how that drama used to make me smile
And I knew if I had my chance
That I could make those people dance
And maybe they'd be happy for a while
But Varoufakis made me shiver
With every paper he'd deliver
Bad news on the doorstep
I couldn't take one more step
I can't remember if I cried
When I read about his latest 'No'
But something touched me deep inside
The day friendship died
(refrain)
So bye, bye, little Greek friend
Drove my Chevy to the dispenser but the ATM was dry
And them good ole boys were drinking ouzo 'n rye
Singin' this'll be the day that you die
This'll be the day that you die
The troika (Lyrics Philippe Blankert after Don McLean's 'American Pie')
Sing it with the the original melody on
12 June 2015 – looking for musicians to perform it!
Contact Philippe Blankert 13 June 2015 – internetavenue@outlook.com
Friday, June 12, 2015
Thursday, June 11, 2015
11 June 2015 7 pm CET - Reuters: EU tells Greece 'time is up'
Reuters:
http://www.reuters.com/video/2015/06/11/eu-tells-greece-times-up?videoId=364554324
IMF walks out of Greece talks:
http://www.theguardian.com/business/2015/jun/11/imf-walks-out-of-greece-bailout-talks
Coming week - between now, June 11 and deadline 18 June (earlier set by EU) - could seal Greece's fate:
http://www.reuters.com/video/2015/06/11/eu-tells-greece-times-up?videoId=364554324
IMF walks out of Greece talks:
http://www.theguardian.com/business/2015/jun/11/imf-walks-out-of-greece-bailout-talks
Coming week - between now, June 11 and deadline 18 June (earlier set by EU) - could seal Greece's fate:
BRUSSELS (AP) — International creditors sent Greek Prime Minister Alexis Tsipras home from a summit Thursday with a clear message: swiftly tone down your demands in the bailout talks over the next week or face financial ruin.
The International Monetary Fund took the toughest stance, saying it was bringing its negotiators back to Washington as there had been no sign of compromise to bridge the sides' differences.
Wednesday, June 10, 2015
11 June 2015 - By no means Germany would allow a third program to Greece after June 30; usual differences on pensions and labour continue to exist
Germany wants no third program after June 30:
http://www.reuters.com/article/2015/06/11/eurozone-greece-germany-government-idUSL5N0YX07O20150611
Differences remain:
http://www.euronews.com/2015/06/10/greece-s-tsipras-flies-to-brussels-for-crunch-default-talks/
"The talks have been deadlocked over Greece’s rejection of the creditors’ demands for cuts in pensions and unpopular labour market reforms as conditions for releasing frozen bailout funds.
Greece will be in default at the end of June without fresh funds to let it repay 1.6 billion euros to the IMF. It put off a smaller repayment earlier this month under a rarely used IMF rule allowing it to combine all payments due in any month."
It is June 11 - June 18 is EU deadline, 7 calendar days and working days remain for Greece.
http://www.reuters.com/article/2015/06/11/eurozone-greece-germany-government-idUSL5N0YX07O20150611
Differences remain:
http://www.euronews.com/2015/06/10/greece-s-tsipras-flies-to-brussels-for-crunch-default-talks/
"The talks have been deadlocked over Greece’s rejection of the creditors’ demands for cuts in pensions and unpopular labour market reforms as conditions for releasing frozen bailout funds.
Greece will be in default at the end of June without fresh funds to let it repay 1.6 billion euros to the IMF. It put off a smaller repayment earlier this month under a rarely used IMF rule allowing it to combine all payments due in any month."
It is June 11 - June 18 is EU deadline, 7 calendar days and working days remain for Greece.
10 June 2015 - 10 pm CET: EU sets very specific 'deadline' for Greece: 18 June
10 June 2015 - 10 pm CET: EU sets very specific 'deadline' for Greece: 18 June
http://www.reuters.com/article/2015/06/10/us-eurozone-greece-talks-idUSKBN0OQ0TQ20150610
Editorial:
FINALLY!!!!
A deadline is set by the EU for Greece: 18 June 2015
http://www.reuters.com/article/2015/06/10/us-eurozone-greece-talks-idUSKBN0OQ0TQ20150610
When not stopped, Tsipras would be capable of shouting daily 'very close to deal' for many decennia to come.
EU, IMF and ECB handled affairs very friendly I find.
The problem is a 'collective psychosis' of the Greeks, that a state can have over 50% of GDP as public expenditures. What happens then, is that all state-dependent people vote on semi-communists while the private people/sectors increasingly suffer, GDP shrinks as well as tax incomes whereafter shockwise dismissal of government workers is necessary anyway.
http://www.reuters.com/article/2015/06/10/us-eurozone-greece-talks-idUSKBN0OQ0TQ20150610
Editorial:
FINALLY!!!!
A deadline is set by the EU for Greece: 18 June 2015
http://www.reuters.com/article/2015/06/10/us-eurozone-greece-talks-idUSKBN0OQ0TQ20150610
When not stopped, Tsipras would be capable of shouting daily 'very close to deal' for many decennia to come.
EU, IMF and ECB handled affairs very friendly I find.
The problem is a 'collective psychosis' of the Greeks, that a state can have over 50% of GDP as public expenditures. What happens then, is that all state-dependent people vote on semi-communists while the private people/sectors increasingly suffer, GDP shrinks as well as tax incomes whereafter shockwise dismissal of government workers is necessary anyway.
10 June 2015 9 pm CET - Merkel may be prepared to give Greece a lifeline - rest of EU including IMF 'no'
Merkel's possible lifeline:
http://business.financialpost.com/news/economy/greece-looks-to-merkel-to-break-standoff-with-creditors-as-plan-snarls-talks
http://www.theguardian.com/business/2015/jun/10/greece-bailout-talks-markets-surge-on-rumours-of-german-compromise
IMF has had it with Greece:
http://www.reuters.com/article/2015/06/10/eurozone-greece-imf-idUSL5N0YW3W120150610
and other EU leaders as well:
https://au.finance.yahoo.com/news/greeces-tsipras-last-ditch-talks-083919206.html
10 June 2015 - Greece 4 days before inofficial Grexit. Hollande and Merkel POSTPONE meeting Tsipras
10 June 2015 - Greece 4 days before inofficial Grexit. Hollande and Merkel POSTPONE meeting Tsipras
Editorial.
Greece's 'most impatient enemies' are now the fellow-EU countries, not IMF or ECB. German television (ZDF) had inside talks with lots of EU finance ministers, and most of them have lost their patience with Greece and do not want to spend more time on Greece, and certainly not extend discussions beyond June 30 - the end date of opt-in for the last 7,2 b tranche of the bailout program.
As a release of the 7,2 b tranche would require agreement of all euro currency countries through parliament, it is often said that June 14 is the last practical possibility to have a deal, in order to make it through all parliaments before June 30.
All this: provided ECB does NOT increase emergency lending (ELA) to Greece before June 30.
Surprisingly, Hollande and Merkel INCREASED pressure on Greece by cancelling the meeting that was scheduled today with Tsipras in Brussels. EU found Greece's latest proposal even inferior to its earlier proposal, and still not addressing pensions and labour issues.
http://www.investing.com/analysis/pressing-for-greek-concessions,-merkel-and-hollande-keep-tsipras-waiting-254616
In order to get a 'flavour' of the very old, dogmatic half communist thinking in Greece, read this Greek blog:
http://www.drachmi5.gr/ellada/lafazanis-na-min-exontothei-o-laos-mesa-stin-eyrozoni
You can read the Greek as English by putting above URL in the Google URL translator
http://itools.com/tool/google-translate-web-page-translator
It is clear Tsipras prefers a continued career within Syriza political party OVER the risk of a possible Grexit.
Tsipras is nevertheless flying to Brussels, but may not be able to talk to anyone else than 'Manneken Pis'.
The EU has done all it can.
One just has to wait for a Greek internal payment default later this month, with payment of salaries and pensions. If those 'obligatory' payments default even for a few percent, a sort of 'civil war' will break out in Greece, further slowing down economy, decreasing tax income and making Greece's GDP expenses of over 50% untenable.
IMF gave permission to postpone Greek repayments to end of June. But if Greece fails to repay end of June, IMF - in order to be credible - has to classify Greece as defaulting country, and then 'junk time' and 'cash crunch chaos' start, and offers for domain http://www.δραχμή.gr/, will flow in, in the inbox of internetavenue@outlook.com.
Blogger Philippe Blankert, 10 June 2015, http://euro-drachma-grexit.blogspot.com/
Editorial.
Greece's 'most impatient enemies' are now the fellow-EU countries, not IMF or ECB. German television (ZDF) had inside talks with lots of EU finance ministers, and most of them have lost their patience with Greece and do not want to spend more time on Greece, and certainly not extend discussions beyond June 30 - the end date of opt-in for the last 7,2 b tranche of the bailout program.
As a release of the 7,2 b tranche would require agreement of all euro currency countries through parliament, it is often said that June 14 is the last practical possibility to have a deal, in order to make it through all parliaments before June 30.
All this: provided ECB does NOT increase emergency lending (ELA) to Greece before June 30.
Surprisingly, Hollande and Merkel INCREASED pressure on Greece by cancelling the meeting that was scheduled today with Tsipras in Brussels. EU found Greece's latest proposal even inferior to its earlier proposal, and still not addressing pensions and labour issues.
http://www.investing.com/analysis/pressing-for-greek-concessions,-merkel-and-hollande-keep-tsipras-waiting-254616
In order to get a 'flavour' of the very old, dogmatic half communist thinking in Greece, read this Greek blog:
http://www.drachmi5.gr/ellada/lafazanis-na-min-exontothei-o-laos-mesa-stin-eyrozoni
You can read the Greek as English by putting above URL in the Google URL translator
http://itools.com/tool/google-translate-web-page-translator
It is clear Tsipras prefers a continued career within Syriza political party OVER the risk of a possible Grexit.
Tsipras is nevertheless flying to Brussels, but may not be able to talk to anyone else than 'Manneken Pis'.
The EU has done all it can.
One just has to wait for a Greek internal payment default later this month, with payment of salaries and pensions. If those 'obligatory' payments default even for a few percent, a sort of 'civil war' will break out in Greece, further slowing down economy, decreasing tax income and making Greece's GDP expenses of over 50% untenable.
IMF gave permission to postpone Greek repayments to end of June. But if Greece fails to repay end of June, IMF - in order to be credible - has to classify Greece as defaulting country, and then 'junk time' and 'cash crunch chaos' start, and offers for domain http://www.δραχμή.gr/, will flow in, in the inbox of internetavenue@outlook.com.
Blogger Philippe Blankert, 10 June 2015, http://euro-drachma-grexit.blogspot.com/
Sunday, June 7, 2015
Saturday, June 6, 2015
6 June - Wednesday 10 June Tsipras will 'sidetalk' Hollande & Merkel
http://in.reuters.com/article/2015/06/06/eurozone-greece-tsipras-idINL5N0YS0KK20150606
Maybe Tsipras is an honest man, who will notify Hollande & Merkel personally of a Grexit, before it gets to press.....
Maybe Tsipras is an honest man, who will notify Hollande & Merkel personally of a Grexit, before it gets to press.....
6 June 2015 11 am CET - Tsipras assails proposals, in parliament
Tsipras assails proposals, in parliament
http://www.latimes.com/world/europe/la-fg-greek-leader-assails-proposals-20150606-story.html
Thus, Tsipras did not make any attempt to break the confined and wrong thinking frame of collective Greece.
Editorial remark: a country that thinks that 50% of GDP can consist of public expenditures, is 'economically stupid' and in an 'economic psychosis'. It is 'half communism', and half communism is very bad because voters depending on public income, will always repeat voting on the 'half communists', who will 'suppress' the private sector that in fact is always the engine of an economy. A shrinking private sector causes a downward spiral with less tax incomes, further cuts in public expenditures, more surpression of private sector etc.
Greece as a nation has to learn lots about economy, and seems to have made no progress in 'economic education' during 2015.
The troika handled the issues well: it was patient, made extra efforts, and now leaves Greece in the month of June, on its own.
Theoretically, Greece has a timeframe between now, June 6 and June 30....but practically, because of required approval of a deal by all euro countries, Greece's timeframe is more: June 6 to June 14.
It seems unlikely Greece will suddenly understand more of economics the next 8 days.
Greece, including people on the street, very much rely on the premise that a Grexit would cause 'far more collateral damage to others than to Greece itself'. A deputy minister even made the statement that a 'Grexit would cause far more damage to world economy than the bankruptcy of a 'little bank as Lehman Brothers' did in 2008 (!!)'.
EU extension of deadlines beyond June 30 would undermine troika's credibility and by no means increase collective Greek intelligence, certainly not regarding economics. We bet that if Aristoteles would be flown in a couple of weeks, even with millennia of 'missed history and science', he would still be the wisest man in Greece and could point Greece the right direction.
Philippe Blankert, blogger, internetavenue@outlook.com and owner of domain http://www.δραχμή.gr/, that is for sale, June 6 2015 .
http://www.latimes.com/world/europe/la-fg-greek-leader-assails-proposals-20150606-story.html
Thus, Tsipras did not make any attempt to break the confined and wrong thinking frame of collective Greece.
Editorial remark: a country that thinks that 50% of GDP can consist of public expenditures, is 'economically stupid' and in an 'economic psychosis'. It is 'half communism', and half communism is very bad because voters depending on public income, will always repeat voting on the 'half communists', who will 'suppress' the private sector that in fact is always the engine of an economy. A shrinking private sector causes a downward spiral with less tax incomes, further cuts in public expenditures, more surpression of private sector etc.
Greece as a nation has to learn lots about economy, and seems to have made no progress in 'economic education' during 2015.
The troika handled the issues well: it was patient, made extra efforts, and now leaves Greece in the month of June, on its own.
Theoretically, Greece has a timeframe between now, June 6 and June 30....but practically, because of required approval of a deal by all euro countries, Greece's timeframe is more: June 6 to June 14.
It seems unlikely Greece will suddenly understand more of economics the next 8 days.
Greece, including people on the street, very much rely on the premise that a Grexit would cause 'far more collateral damage to others than to Greece itself'. A deputy minister even made the statement that a 'Grexit would cause far more damage to world economy than the bankruptcy of a 'little bank as Lehman Brothers' did in 2008 (!!)'.
EU extension of deadlines beyond June 30 would undermine troika's credibility and by no means increase collective Greek intelligence, certainly not regarding economics. We bet that if Aristoteles would be flown in a couple of weeks, even with millennia of 'missed history and science', he would still be the wisest man in Greece and could point Greece the right direction.
Philippe Blankert, blogger, internetavenue@outlook.com and owner of domain http://www.δραχμή.gr/, that is for sale, June 6 2015 .
Friday, June 5, 2015
5 June 2015 - see article: excellent overview of scenario's, including parties within Greek Parliament
5 June 2015 - see article: excellent overview of scenario's, including parties within Greek Parliament
http://uk.businessinsider.com/greeces-bailout-talks-are-getting-even-more-sour--and-snap-elections-could-be-round-the-corner-2015-6?r=US
http://uk.businessinsider.com/greeces-bailout-talks-are-getting-even-more-sour--and-snap-elections-could-be-round-the-corner-2015-6?r=US
June 5 11 am CET: Greece is allowed to pay all due IMF payments end of June
June 5 11 am CET: Greece is allowed to pay all due IMF payments end of June
Today Greece parliament debates on EU proposal
Tsipras will continue talks with Juncker after today
Today Greece parliament debates on EU proposal
Tsipras will continue talks with Juncker after today
June 5 2015 - Greek deputy minister thinks of re-elections
June 5 2015 - Greek deputy minister thinks of re-elections
http://in.reuters.com/article/2015/06/05/eurozone-greece-talks-idINL5N0YR0NR20150605
http://www.euronews.com/2015/06/05/early-election-warning-if-greece-s-creditors-refuse-to-soften-terms/
Greece has obtained approval so postpone IMF repayments towards end of June
Today, Greek parliament debates the whole issue
Sunday June 7 the G7 starts in Bayern, Schloss Elmau, and Greece is not on the agenda
Around June 14 there must be a decision, because otherwise it is practically impossible to pass a deal around all euro member states before bail out end date June 30.
http://in.reuters.com/article/2015/06/05/eurozone-greece-talks-idINL5N0YR0NR20150605
http://www.euronews.com/2015/06/05/early-election-warning-if-greece-s-creditors-refuse-to-soften-terms/
Greece has obtained approval so postpone IMF repayments towards end of June
Today, Greek parliament debates the whole issue
Sunday June 7 the G7 starts in Bayern, Schloss Elmau, and Greece is not on the agenda
Around June 14 there must be a decision, because otherwise it is practically impossible to pass a deal around all euro member states before bail out end date June 30.
Thursday, June 4, 2015
4 June 7 pm - Useful new details - but: Greek Left attack creditors
http://www.marketpulse.com/20150604/greek-left-attack-creditors-as-tsipras-close-to-agreement/
Demands of EU:
http://uk.reuters.com/article/2015/06/04/uk-eurozone-greece-talks-idUKKBN0OK1LG20150604
Tsipras will address government on Friday 5 = tomorrow
http://www.ft.com/intl/cms/s/499e2286-0a97-11e5-a8e8-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F499e2286-0a97-11e5-a8e8-00144feabdc0.html%3Fsiteedition%3Dintl&siteedition=intl&_i_referer=#axzz3c73QGOV2
Demands of EU:
http://uk.reuters.com/article/2015/06/04/uk-eurozone-greece-talks-idUKKBN0OK1LG20150604
Tsipras will address government on Friday 5 = tomorrow
http://www.ft.com/intl/cms/s/499e2286-0a97-11e5-a8e8-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F499e2286-0a97-11e5-a8e8-00144feabdc0.html%3Fsiteedition%3Dintl&siteedition=intl&_i_referer=#axzz3c73QGOV2
4 June 2015 6 pm CET - Creditors propose 10.9 b deal - new!
Greece's EU/IMF lenders have asked Athens to commit to sell off state assets, enforce pension cuts and press on with labour reforms, two sources familiar with the plan said on Thursday, demands that would cross the Greek government's "red lines".
If Greece were to accept the plan, lenders would aim to unlock 10.9 billion euros in unused bank bailout funds that were returned to the European Financial Stability Fund. This would enable Greece to cover its financial needs through July and August, the sources said.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_04/06/2015_550687
Friday June 5 Greek Parliament 6 pm
After Greek parliament, Tsipras could return to Brussels to be hosted for 'finalisation'
http://www.reuters.com/article/2015/06/04/us-eurozone-greece-meeting-friday-idUSKBN0OK1NY20150604
4 June 2015 5 p.m. CET - Juncker: progress made, but not enough
4 June 2015 5 p.m. CET - Juncker: progress made, but not enough
http://www.reuters.com/article/2015/06/04/us-eurozone-greece-juncker-progress-idUSKBN0OK1H120150604
http://www.reuters.com/article/2015/06/04/us-eurozone-greece-juncker-progress-idUSKBN0OK1H120150604
4 June 2015 - 3 p.m. CET - Greeks at home are furious, but EU and Tsiparis assume deal 14 June the latest
4 June 2015 - 3 p.m. CET - Greeks at home are furious, but EU and Tsiparis assume deal 14 June the latest
http://www.reuters.com/article/2015/06/04/us-eurozone-greece-idUSKBN0OK05820150604
http://www.reuters.com/article/2015/06/04/us-eurozone-greece-idUSKBN0OK05820150604
4 June 2 p.m. CET - Greece remains at loggerheads with creditors
http://www.denverpost.com/breakingnews/ci_28250003/greece-syriza-party-officials-reject-deal-proposals
with payments due on June 5, 12, 16 and 19.
Tip: buy http://www.δραχμή.gr/ - http://www.xn--jxafi7ax1b.gr/
- which is for sale, not only to Greece, but to any investor who offers enough USD to domain name owner JP Blankert at internetavenue@outlook.com
with payments due on June 5, 12, 16 and 19.
Tip: buy http://www.δραχμή.gr/ - http://www.xn--jxafi7ax1b.gr/
- which is for sale, not only to Greece, but to any investor who offers enough USD to domain name owner JP Blankert at internetavenue@outlook.com
and then resell it at higher price later to Greece!
4 June 2015 9 a.m. CET - Greek talks continue after Tsipras rejects creditors' offer - live updates; Juncker and Tsipras meet again on Friday, IMF repayment day, last working day before G7
http://www.theguardian.com/business/live/2015/jun/04/greek-bailout-talks-tsipras-creditors-offer-live-updates
Greek deputy shipping minister this morning:
“What appears to have been discussed and to have been proposed by Mr. Juncker during his meeting with the Greek prime minister is beneath (our) expectations in every way.”
“If reports are confirmed, obviously we cannot accept them.”
//
The Agenda: No deal in Brussels.....
Good morning.
Greece’s future remains as confused as ever, after Wednesday night’s crunch meeting in Brussels between prime minister Alexis Tsipras and EC president Jean-Claude Juncker broke up without a deal.
After speaking for more than four hours, Tsipras emerged after midnight to announce that Greece couldn’t accept some of the proposals put together by its creditors.
Instead, he argued, any deal to unlock bailout funds must be based on his own side’s offer.
As he put it:
“The realistic proposals on the table are the proposals of the Greek government.”
And Tsipras has just tweeted that discussions will continue....
//
"But there appears to be less consensus on pension reforms and VAT reform, with Greece refusing to roll over and accept a five-page list of proposals created by the International Monetary Fund, the European Central Bank and the European Commission."
//
8m ago
07:57
Kathimerini: Tsipras and Juncker to meet on Friday
Greece’s Kathimerini newspaper is reporting that Alexis Tsipras will meet Jean-Claude Juncker again on Friday, in another attempt to break the deadlock.
Greek deputy shipping minister this morning:
“What appears to have been discussed and to have been proposed by Mr. Juncker during his meeting with the Greek prime minister is beneath (our) expectations in every way.”
“If reports are confirmed, obviously we cannot accept them.”
//
The Agenda: No deal in Brussels.....
Good morning.
Greece’s future remains as confused as ever, after Wednesday night’s crunch meeting in Brussels between prime minister Alexis Tsipras and EC president Jean-Claude Juncker broke up without a deal.
After speaking for more than four hours, Tsipras emerged after midnight to announce that Greece couldn’t accept some of the proposals put together by its creditors.
Instead, he argued, any deal to unlock bailout funds must be based on his own side’s offer.
As he put it:
“The realistic proposals on the table are the proposals of the Greek government.”
And Tsipras has just tweeted that discussions will continue....
//
"But there appears to be less consensus on pension reforms and VAT reform, with Greece refusing to roll over and accept a five-page list of proposals created by the International Monetary Fund, the European Central Bank and the European Commission."
//
8m ago
07:57
Kathimerini: Tsipras and Juncker to meet on Friday
Greece’s Kathimerini newspaper is reporting that Alexis Tsipras will meet Jean-Claude Juncker again on Friday, in another attempt to break the deadlock.
Wednesday, June 3, 2015
3 June 2015 7 pm - Greece announces to not pay IMF on Friday; EU promises lower surplus target
http://www.express.co.uk/finance/city/581920/Eurozone-crisis-Defiant-Greece-confirms-it-WILL-miss-looming-debt-repayment-to-leave-euro
Merkel and Hollande think of lower surplus target:
https://en-maktoob.news.yahoo.com/france-germany-agree-ease-greek-budget-targets-debt-171948764--business.html
Coming days will contain decisions.
Merkel and Hollande think of lower surplus target:
https://en-maktoob.news.yahoo.com/france-germany-agree-ease-greek-budget-targets-debt-171948764--business.html
Coming days will contain decisions.
3 June 2015 'Tonight's the night' - 'Tsipras on his final flight to Brussels'
3 June 2015, 6 p.m. CET: Tsipras is now flying to Brussels, to read and discuss the troika's 'last proposal' ('last' before potential IMF default day June 5, and before G7 starting June 7)
http://www.belfasttelegraph.co.uk/news/world-news/greece-facing-crunch-bailout-talks-31274633.html
We think it is going to be 'the last flight' - EU proposal will likely not be to the taste of Syriza regarding pensions and labour reforms, and this would mean the informal start of the Grexit.
'Greece is heading towards http://www.δραχμή.gr/ - http://www.xn--jxafi7ax1b.gr/
- which is for sale, not only to Greece, but to any investor who offers enough USD to domain name owner JP Blankert at internetavenue@outlook.com
http://www.belfasttelegraph.co.uk/news/world-news/greece-facing-crunch-bailout-talks-31274633.html
We think it is going to be 'the last flight' - EU proposal will likely not be to the taste of Syriza regarding pensions and labour reforms, and this would mean the informal start of the Grexit.
'Greece is heading towards http://www.δραχμή.gr/ - http://www.xn--jxafi7ax1b.gr/
- which is for sale, not only to Greece, but to any investor who offers enough USD to domain name owner JP Blankert at internetavenue@outlook.com
June 3, 2015 - Troika gave 3-June-plan to Greece this morning; attempt to finalize negotiations - Greece 'No IMF repayment 5 June without deal' - so on 3 4 or 5 June: decision time!
The troika attempts to finalize Greek negotations today, or between today and Friday 5 (IMR repayment 300 m and last working day before G7)
http://in.reuters.com/article/2015/06/03/greece-factors-idINL5N0YP0NT20150603
We expect Greece will not accept an head towards http://www.δραχμή.gr/ which it would have to buy.
http://www.δραχμή.gr/ is for sale, but not only to Greece, but to any investor who offers enough USD to domain name owner JP Blankert at internetavenue@outlook.com
http://euro-drachma-grexit.blogspot.nl/
Greece ALSO wants to hurry up, 'no IMF repayment on Friday 5 June without deal'
http://economictimes.indiatimes.com/news/international/business/greece-will-not-pay-imf-on-friday-without-prospect-of-a-deal/articleshow/47525782.cms
-> so today June 3, 4 and 5 decisons will take place
http://in.reuters.com/article/2015/06/03/greece-factors-idINL5N0YP0NT20150603
We expect Greece will not accept an head towards http://www.δραχμή.gr/ which it would have to buy.
http://www.δραχμή.gr/ is for sale, but not only to Greece, but to any investor who offers enough USD to domain name owner JP Blankert at internetavenue@outlook.com
http://euro-drachma-grexit.blogspot.nl/
Greece ALSO wants to hurry up, 'no IMF repayment on Friday 5 June without deal'
http://economictimes.indiatimes.com/news/international/business/greece-will-not-pay-imf-on-friday-without-prospect-of-a-deal/articleshow/47525782.cms
-> so today June 3, 4 and 5 decisons will take place
Tuesday, June 2, 2015
3 June 2015 - Greece gets 'final' EU proposal today; G7 does not want its G7 from June 7 on be disturbed in Schloss Elmau
3 June 2015 - Greece gets 'final' EU proposal today; G7 does not want its G7 from June 7 on onwards be disturbed in Schloss Elmau
Greece gets 'final' EU proposal:
http://www.bbc.co.uk/news/world-europe-32987562
As we know Mr. Tsipras until know, he shouts every day 'A deal is close' since 5 months, and is happy to live all his life in brinkmanship. EU however wants useful time management and has issues bigger than Greece to discuss.
Greece heads toward http://www.δραχμή.gr/ which it would have to buy.
http://www.δραχμή.gr/ is for sale, but not only to Greece, but to any investor who offers enough USD to domain name owner JP Blankert at internetavenue@outlook.com
http://euro-drachma-grexit.blogspot.nl/
Greece gets 'final' EU proposal:
http://www.bbc.co.uk/news/world-europe-32987562
As we know Mr. Tsipras until know, he shouts every day 'A deal is close' since 5 months, and is happy to live all his life in brinkmanship. EU however wants useful time management and has issues bigger than Greece to discuss.
Greece heads toward http://www.δραχμή.gr/ which it would have to buy.
http://www.δραχμή.gr/ is for sale, but not only to Greece, but to any investor who offers enough USD to domain name owner JP Blankert at internetavenue@outlook.com
http://euro-drachma-grexit.blogspot.nl/
2 June 2015 - EU plan to Greece, Greek plan to EU
Greece submitted, on Monday night, a 46 page plan to the EU, but EU did not find this enough
http://www.gosanangelo.com/business/economy/greece-submits-draft-bailout-plan-creditors-say-not-enough
EU makes offer to Greece, but Greece just said 'No'
https://uk.news.yahoo.com/greek-labour-minister-says-no-room-more-compromises-061902275--business.html
We are heading towards http://www.δραχμή.gr/ !
2 June 2015 - EU plan to Greece, Greek plan to EU
Greece submitted, on Monday night, a 46 page plan to the EU, but EU did not find this enough
http://www.gosanangelo.com/business/economy/greece-submits-draft-bailout-plan-creditors-say-not-enough
EU makes offer to Greece, but Greece just said 'No'
https://uk.news.yahoo.com/greek-labour-minister-says-no-room-more-compromises-061902275--business.html
We are heading towards http://www.δραχμή.gr/ !
http://euro-drachma-grexit.blogspot.nl/
https://www.facebook.com/drachma.euro
Contact: internetavenue@outlook.com in order to BUY domain name http://www.δραχμή.gr/
2 June 2015 - EU plan to Greece, Greek plan to EU
Greece submitted, on Monday night, a 46 page plan to the EU, but EU did not find this enough
http://www.gosanangelo.com/business/economy/greece-submits-draft-bailout-plan-creditors-say-not-enough
EU makes offer to Greece, but Greece just said 'No'
https://uk.news.yahoo.com/greek-labour-minister-says-no-room-more-compromises-061902275--business.html
We are heading towards http://www.δραχμή.gr/ !
http://euro-drachma-grexit.blogspot.nl/
Contact: internetavenue@outlook.com in order to BUY domain name http://www.δραχμή.gr/
http://www.gosanangelo.com/business/economy/greece-submits-draft-bailout-plan-creditors-say-not-enough
EU makes offer to Greece, but Greece just said 'No'
https://uk.news.yahoo.com/greek-labour-minister-says-no-room-more-compromises-061902275--business.html
We are heading towards http://www.δραχμή.gr/ !
2 June 2015 - EU plan to Greece, Greek plan to EU
Greece submitted, on Monday night, a 46 page plan to the EU, but EU did not find this enough
http://www.gosanangelo.com/business/economy/greece-submits-draft-bailout-plan-creditors-say-not-enough
EU makes offer to Greece, but Greece just said 'No'
https://uk.news.yahoo.com/greek-labour-minister-says-no-room-more-compromises-061902275--business.html
We are heading towards http://www.δραχμή.gr/ !
http://euro-drachma-grexit.blogspot.nl/
https://www.facebook.com/drachma.euro
Contact: internetavenue@outlook.com in order to BUY domain name http://www.δραχμή.gr/
2 June 2015 - EU plan to Greece, Greek plan to EU
Greece submitted, on Monday night, a 46 page plan to the EU, but EU did not find this enough
http://www.gosanangelo.com/business/economy/greece-submits-draft-bailout-plan-creditors-say-not-enough
EU makes offer to Greece, but Greece just said 'No'
https://uk.news.yahoo.com/greek-labour-minister-says-no-room-more-compromises-061902275--business.html
We are heading towards http://www.δραχμή.gr/ !
http://euro-drachma-grexit.blogspot.nl/
Contact: internetavenue@outlook.com in order to BUY domain name http://www.δραχμή.gr/
2 June 2015 - Greece 46 page docu to EU, EU will send proposal to Greece before Friday......
...and a comment on three scenarios:
http://www.theguardian.com/business/2015/jun/02/greece-bailout-talks-three-possible-outcomes
Because a deal has to be ratified by all euro-parliaments, the deadline for any deal is june 12, 2015
Deadlines for Greece are anyway:
- 5 June, 304 m euro repayment to IMF
- 12 June for deal
- 20 June and later: month' pensions and salaries
- 30 June: last day to use last tranche, 7,6 billion euro,of the total bailout program
2 June 2015
http://www.theguardian.com/business/2015/jun/02/greece-bailout-talks-three-possible-outcomes
Because a deal has to be ratified by all euro-parliaments, the deadline for any deal is june 12, 2015
Deadlines for Greece are anyway:
- 5 June, 304 m euro repayment to IMF
- 12 June for deal
- 20 June and later: month' pensions and salaries
- 30 June: last day to use last tranche, 7,6 billion euro,of the total bailout program
2 June 2015
2 June 2015 - Monday night extra meetings on Greece - now, Tuesday, Tsiparis sent 'comprehensive plan'
http://www.reuters.com/article/2015/06/02/eurozone-greece-idUSA8N0XR02420150602
'Comprohensive' means: in the perception of Tsipars, and it is 'so long there is no agreement'
Editorial: we think this means 'Njet'.
'Comprohensive' means: in the perception of Tsipars, and it is 'so long there is no agreement'
Editorial: we think this means 'Njet'.
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