Sunday, July 5, 2015

Greece Votes No To The EU And The Euro



BBC: Greece votes 'no' and gambles its future

Greek voters have delivered a defiant response to Europe. Political leaders and heads of government had lined up to warn the Greeks that a "no" vote would be a vote to leave the euro. It did not deter them. Indeed many voters seemed to revel in their resistance.

The European Project is now facing its gravest crisis.

The size of the "no" vote surprised the Greek government. In the end the voters agreed with Prime Minister Alexis Tsipras that the country's creditors were trying to "asphyxiate" the Greek economy. They bought his argument that a "no" vote would only strengthen his hand in negotiations.

Despite the closed ATMs, the banks on the verge of running out of money and a collapsing economy, Greeks have once again rejected the policy of austerity authored in Berlin and Brussels.

WNU Editor: 60% voted no .... so much for the polls that said that this was too close to call.

More News On Greece Voting No To The EU And The Euro

Greek referendum: No voters celebrate in Athens after crushing rejection of eurozone bail-out deal -- The Telegraph
Thousands celebrate Greece's 'No' vote despite uncertainty ahead -- Reuters
Greeks Reject Bailout Terms in Rebuff to European Leaders -- NYT
The Latest: Final tally in Greece bailout referendum counted -- Washington Post
In Rebuke to Europe, Greeks Vote Resounding ‘No’ to Bailout Terms -- WSJ
Greece enters uncharted territory after referendum 'no' vote -- AP
Jubilation in Syntagma tinged with fear -- Financial Times
Meltdown threatens EU as Greece delivers resounding 'No' to crippling cuts and heads for euro exit - as campaigners take to streets to celebrate -- Daily Mail
A resounding ‘no’ from Greece as the electorate punches back hard at austerity -- Washington Post
Merkel, Hollande to Determine Europe Response to Greek ‘No’ -- Bloomberg
Brussels weighs next steps -- Politico
Greek banks prepare plan to raid deposits to avert collapse -- Financial Times
German calls for Grexit mount as EU stunned by 'No' vote -- Reuters
Germany reacts to referendum with mix of anger, puzzlement and solidarity -- The Guardian
Greek referendum no vote signals huge challenge to eurozone leaders -- The Guardian
After Greece votes No, Euro leaders scramble to discuss response -- Globe and Mail
Greece ‘No’ Vote Hits Euro to U.S. Futures Amid Flight to Safety -- Bloomberg
Greek PM says Athens ready to return to negotiating table -- Reuters
With ‘No’ Greek Vote, Tsipras Wins a Victory That Could Carry a Steep Price -- NYT
Emphatic ‘No’ Prompts Greek Pride and Revelry -- NYT
Greek bailout referendum: World leaders react to 'No' vote -- CBC/AP
Greek referendum: What happens after the 'No' vote? -- The Telegraph
Now Europe Must Decide Whether to Make an Example of Greece -- Neil Irwin, NYT

3 comments:

LoneWolf Media said...

One of the parties in the German coalition has hinted that plans and the necessary paperwork are being drawn up to kick out Greece. Greece only has tourism.. No one's going to invest in a Greek dollar. I suspect that Greece will be poor for years to come. On the bright side this will effect the Euro and decrease it's value which smart investors would do well to invest in because the Euro will eventually bounce back.

War News Updates Editor said...

I agree Jason .... with Greece gone the Euro will look better.

LoneWolf Media said...

http://blogs.spectator.co.uk/coffeehouse/2015/07/german-rhetoric-suggests-that-they-are-preparing-to-try-and-kick-greece-out-of-the-euro/