If Greece defaults | Bitcointalksearch.org

Miss Fortune

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Quote from: JackH on April 07, 2015, 01:55:01 PM

We have €448m to the International Monetary Fund is due this Thursday (April 9th).

Then we have public sector wages and pensions, €1.7b in social security payments made by the state (April 14th).

Then we have a €200m loan repayment to the IMF (May 1st).

Now correct me if I am wrong, but if Greece cant pay any of these 3 bills we are talking about the first "western modern" country to be technically in default. If they resort back to the Drachma, it will be one of the most worthless currencies on the planet.

What I cant really figure out is the outcome, both worldwide financially against the Euro, and obviously against Bitcoin. Will we see BTC as safe heaven? Something tells me only a little, because the average Greek is not highly IT literate, but I could be wrong here.

Give me your thoughts people, as this goes down in about 3 days from now!

Well Greece sure is a wonderful place but I dont think they want to join in. just that but we have to respect what they want and all.

n2004al

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Quote from: qiwoman2 on September 07, 2015, 01:56:49 AM

Quote from: oblivi on September 06, 2015, 08:43:34 PM

Quote from: alani123 on September 06, 2015, 03:28:31 PM

Quote from: manselr on September 06, 2015, 01:12:49 PM

It's funny how lately now media doesn't talk about Greece anymore and Greece has disappeared from most people's mind already. Just like Ebola etc. Next will be the Syria thing, after a couple of weeks we'll forget. I think next thing to be all over the media will be other countries of the EU going Greece and maybe China keeps crashing as well.

What did you expect? Mass media is always excited about chaos and mayhem. Currently our islands are tormented by Syrian refugees and Greek coastguards save the lives of thousands of people fleeing from Syria through turkey each week and nobody bats an eye. When Greece was "on the verge of defaulting" a 300b debt cameras were rolling 24/7 from Athens.

Quote from: bryant.coleman on September 06, 2015, 09:55:34 AM

I am surprised that Tsipras is still commanding that sort of support. He double-crossed the Greek people, despite the fact that the latter voted overwhelmingly against the bailout terms being set by the troika. But that said, I have to agree that Tsipras seems less demonic, when compared to the pro-oligarch moron Vangelis Meimarakis.

I think that ND make some great points as opposition while parts of Syriza are falling apart. Meimakakis probably isn't the most influential figure New Democracy ever had as a party leader but he's a well known politician and I think the current situation justifies the rise of the party.

Yeah it's unfair that they got all the bad press, and now most mainstream media is not informing on the fact they are getting tons of refugees on their really bad economic situation. It's the most rich countries that should be getting the refugees not the most fucked ones. Coming soon I think Spain is going to get some of them too and their economic situation is similar to Greece in the future if im not mistaken.

I don't agree that Tsipras double crossed the Greek people..

Tsipras had persecuted the Greeks. In six months the economy of Greece is gone like 5 years in economy and all the achievements arrived in 5 years of sacrifices were made dust. Tsipras is a pure demagogue which want the power and pretend ostensibly the defense of the poor classes of Greece. Maybe this second thing is true is his understanding of the things but the way he followed to help them was a disaster. Let's remember here the long lines in front of ATM and the death of a retire person because of this reason. Let's remember the 5 years back in economy and let's remember that in the end he accepted more than he didn't agreed before the referendum. The conclusion. With Tsipras Greece made steps back. Even with the wonderful words he told in every its speech in every place he was.

luciann

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Quote from: oblivi on September 06, 2015, 08:43:34 PM

Quote from: alani123 on September 06, 2015, 03:28:31 PM

Quote from: manselr on September 06, 2015, 01:12:49 PM

It's funny how lately now media doesn't talk about Greece anymore and Greece has disappeared from most people's mind already. Just like Ebola etc. Next will be the Syria thing, after a couple of weeks we'll forget. I think next thing to be all over the media will be other countries of the EU going Greece and maybe China keeps crashing as well.

What did you expect? Mass media is always excited about chaos and mayhem. Currently our islands are tormented by Syrian refugees and Greek coastguards save the lives of thousands of people fleeing from Syria through turkey each week and nobody bats an eye. When Greece was "on the verge of defaulting" a 300b debt cameras were rolling 24/7 from Athens.

Quote from: bryant.coleman on September 06, 2015, 09:55:34 AM

I am surprised that Tsipras is still commanding that sort of support. He double-crossed the Greek people, despite the fact that the latter voted overwhelmingly against the bailout terms being set by the troika. But that said, I have to agree that Tsipras seems less demonic, when compared to the pro-oligarch moron Vangelis Meimarakis.

I think that ND make some great points as opposition while parts of Syriza are falling apart. Meimakakis probably isn't the most influential figure New Democracy ever had as a party leader but he's a well known politician and I think the current situation justifies the rise of the party.

Yeah it's unfair that they got all the bad press, and now most mainstream media is not informing on the fact they are getting tons of refugees on their really bad economic situation. It's the most rich countries that should be getting the refugees not the most fucked ones. Coming soon I think Spain is going to get some of them too and their economic situation is similar to Greece in the future if im not mistaken.

Well when you hear their local mid size level IT business that gross six figures to employ people, then all of a sudden lay people off.

Its going to eventually blow up in their faces, cause people cant allocate funds properly.

Gronthaing

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Quote from: qiwoman2 on September 07, 2015, 01:56:49 AM

I don't agree that Tsipras double crossed the Greek people..The Greeks wanted no austerity but they wanted to stay in the Euro and the EU..He had his hands tied..If the Greeks wanted to get out of the Eurozone and the Euro and go back to the Drachma they should have said so before the January elections..

Don't know if double cross is the right term. But Syriza promised no austerity and staying in the euro. Of course people voted for them. Greeks wanted both things. But I don't know if it is fair to say they prefer austerity over leaving the euro. I would guess they don't and the referendum result may point to that. So it looks to me that Tsipras tied his own hands. They should have been ready to leave the euro if they couldn't get a good deal.

Quote from: qiwoman2 on September 07, 2015, 01:56:49 AM

Why didn't Lafazainis and his gang oppose signing the deal with Europe before they decided to bail on SYRIZA?

How long did they have to prepare for it? Maybe less than a day from when the deal was presented and they had to read proposals that affected the entire economy and discuss and vote on it? It's impossible, and the tight deadline was set up on purpose.

Quote from: qiwoman2 on September 07, 2015, 01:56:49 AM

Come on no one wanted a leftist government to reign in Greece since the end of the 2nd world war

Greeks fought a civil war because of that after ww2. So some of them may disagree.

Quote from: qiwoman2 on September 07, 2015, 01:56:49 AM

and I bet Lafazanis and his Cronies are serving other agendas..

What is that based on? What other agendas?

qiwoman2

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Quote from: oblivi on September 06, 2015, 08:43:34 PM

Quote from: alani123 on September 06, 2015, 03:28:31 PM

Quote from: manselr on September 06, 2015, 01:12:49 PM

It's funny how lately now media doesn't talk about Greece anymore and Greece has disappeared from most people's mind already. Just like Ebola etc. Next will be the Syria thing, after a couple of weeks we'll forget. I think next thing to be all over the media will be other countries of the EU going Greece and maybe China keeps crashing as well.

What did you expect? Mass media is always excited about chaos and mayhem. Currently our islands are tormented by Syrian refugees and Greek coastguards save the lives of thousands of people fleeing from Syria through turkey each week and nobody bats an eye. When Greece was "on the verge of defaulting" a 300b debt cameras were rolling 24/7 from Athens.

Quote from: bryant.coleman on September 06, 2015, 09:55:34 AM

I am surprised that Tsipras is still commanding that sort of support. He double-crossed the Greek people, despite the fact that the latter voted overwhelmingly against the bailout terms being set by the troika. But that said, I have to agree that Tsipras seems less demonic, when compared to the pro-oligarch moron Vangelis Meimarakis.

I think that ND make some great points as opposition while parts of Syriza are falling apart. Meimakakis probably isn't the most influential figure New Democracy ever had as a party leader but he's a well known politician and I think the current situation justifies the rise of the party.

Yeah it's unfair that they got all the bad press, and now most mainstream media is not informing on the fact they are getting tons of refugees on their really bad economic situation. It's the most rich countries that should be getting the refugees not the most fucked ones. Coming soon I think Spain is going to get some of them too and their economic situation is similar to Greece in the future if im not mistaken.

I don't agree that Tsipras double crossed the Greek people..The Greeks wanted no austerity but they wanted to stay in the Euro and the EU..He had his hands tied..If the Greeks wanted to get out of the Eurozone and the Euro and go back to the Drachma they should have said so before the January elections.. You can't have it both ways, no austerity and reforms in the public sector and the political corruption and massive tax evasion, yet it's o.k to get a sh*t load of money from the EU..At least he negotiated a way out for Greece by debt restructuring..no other govt before even bothered to say the debt wasn't sustainable..He tried everything he could but you can't please everyone.. Why didn't Lafazainis and his gang oppose signing the deal with Europe before they decided to bail on SYRIZA? Come on no one wanted a leftist government to reign in Greece since the end of the 2nd world war and I bet Lafazanis and his Cronies are serving other agendas.. If I were a Greek Citizen i would vote for Tsipras all over again and give him a chance for 4 years to strut his stuff. Also I agree that Maimarakis is a moron because he took a lot of extra dough from deals and should be tried in a court like the rest of the Lagarde list lol.

oblivi

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Quote from: alani123 on September 06, 2015, 03:28:31 PM

Quote from: manselr on September 06, 2015, 01:12:49 PM

It's funny how lately now media doesn't talk about Greece anymore and Greece has disappeared from most people's mind already. Just like Ebola etc. Next will be the Syria thing, after a couple of weeks we'll forget. I think next thing to be all over the media will be other countries of the EU going Greece and maybe China keeps crashing as well.

What did you expect? Mass media is always excited about chaos and mayhem. Currently our islands are tormented by Syrian refugees and Greek coastguards save the lives of thousands of people fleeing from Syria through turkey each week and nobody bats an eye. When Greece was "on the verge of defaulting" a 300b debt cameras were rolling 24/7 from Athens.

Quote from: bryant.coleman on September 06, 2015, 09:55:34 AM

I am surprised that Tsipras is still commanding that sort of support. He double-crossed the Greek people, despite the fact that the latter voted overwhelmingly against the bailout terms being set by the troika. But that said, I have to agree that Tsipras seems less demonic, when compared to the pro-oligarch moron Vangelis Meimarakis.

I think that ND make some great points as opposition while parts of Syriza are falling apart. Meimakakis probably isn't the most influential figure New Democracy ever had as a party leader but he's a well known politician and I think the current situation justifies the rise of the party.

Yeah it's unfair that they got all the bad press, and now most mainstream media is not informing on the fact they are getting tons of refugees on their really bad economic situation. It's the most rich countries that should be getting the refugees not the most fucked ones. Coming soon I think Spain is going to get some of them too and their economic situation is similar to Greece in the future if im not mistaken.

STT

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Quote from: qiwoman2 on September 04, 2015, 03:27:46 AM

Well now elections are up if the New Democracy party wins then I see a grexit in a few years time and total collapse of the economy unless those big sharks that took out 250 billion euros bring it back into the country and start investing again.

The ironic thing not acknowledged is if Greece exits the Euro and so effectively defaults on their debt, it would be a positive for the economy. Bad for the lenders, bad for government which cant borrow to spend or even finance itself.
Good for the ongoing economy which for exports, for holidays would become incredibly cheap. Every worker in the country would be earning less but also this is a stimulant to all business which must pay their wages. We may not like being paid less but no singular view can be taken on an economy, for every loser there is some who gain. Overall a 'grexit' is positive for purely Greek business and they do have alot to offer still. It also makes imports expensive, grexit is a negative for europe yes but I think Greece would thrive after a jolt

Quote from: HarHarHar9965 on September 03, 2015, 11:08:00 AM

Quote from: foxbitcoin on August 30, 2015, 04:38:13 PM

really awful situation of Greeks . It makes viewers think about the situation the Greek people are facing and we may face it in the future.

don't really think it is as bad as people here make it to be. Are you from Greece and are you facing some problems personally due to the shortcomings of your government? I go to Greece so often and there has been no macro changes, people are still the same, places are still so beautiful and the food is still as delicious as it used to be. So I guess rant time is over?

Greece must change and unemployment would be the most apparent problems. Change is normal as new workers start but Greece is more stagnant which is not normal or healthy. The schedule for their debt is decades which means entire generations shut down or they must all migrate

alani123

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Quote from: manselr on September 06, 2015, 01:12:49 PM

It's funny how lately now media doesn't talk about Greece anymore and Greece has disappeared from most people's mind already. Just like Ebola etc. Next will be the Syria thing, after a couple of weeks we'll forget. I think next thing to be all over the media will be other countries of the EU going Greece and maybe China keeps crashing as well.

What did you expect? Mass media is always excited about chaos and mayhem. Currently our islands are tormented by Syrian refugees and Greek coastguards save the lives of thousands of people fleeing from Syria through turkey each week and nobody bats an eye. When Greece was "on the verge of defaulting" a 300b debt cameras were rolling 24/7 from Athens.

Quote from: bryant.coleman on September 06, 2015, 09:55:34 AM

I am surprised that Tsipras is still commanding that sort of support. He double-crossed the Greek people, despite the fact that the latter voted overwhelmingly against the bailout terms being set by the troika. But that said, I have to agree that Tsipras seems less demonic, when compared to the pro-oligarch moron Vangelis Meimarakis.

I think that ND make some great points as opposition while parts of Syriza are falling apart. Meimakakis probably isn't the most influential figure New Democracy ever had as a party leader but he's a well known politician and I think the current situation justifies the rise of the party.

manselr

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It's funny how lately now media doesn't talk about Greece anymore and Greece has disappeared from most people's mind already. Just like Ebola etc. Next will be the Syria thing, after a couple of weeks we'll forget. I think next thing to be all over the media will be other countries of the EU going Greece and maybe China keeps crashing as well.

bryant.coleman

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Quote from: alani123 on September 06, 2015, 08:04:26 AM

New Democracy is trying to convince people that they're going to do their best for stability. Stability is something that many Greeks care about at this point, It's the second election of the year and it comes after e referendum that was deemed as pointless by many. While Syriza received a lot of popularity during the first election of the year, people started loosing their confidence and didn't stay with the party. A recent poll showed that Tsipras is ahead of Meimarakis by about 1% when asking people about who's more suitable to become prime minister. Tsipras had reached 70% at some point so the decline is obvious.

I am surprised that Tsipras is still commanding that sort of support. He double-crossed the Greek people, despite the fact that the latter voted overwhelmingly against the bailout terms being set by the troika. But that said, I have to agree that Tsipras seems less demonic, when compared to the pro-oligarch moron Vangelis Meimarakis.

alani123

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Quote from: qiwoman2 on September 04, 2015, 03:27:46 AM

Well now elections are up if the New Democracy party wins then I see a grexit in a few years time and total collapse of the economy unless those big sharks that took out 250 billion euros bring it back into the country and start investing again.

New Democracy is trying to convince people that they're going to do their best for stability. Stability is something that many Greeks care about at this point, It's the second election of the year and it comes after e referendum that was deemed as pointless by many. While Syriza received a lot of popularity during the first election of the year, people started loosing their confidence and didn't stay with the party. A recent poll showed that Tsipras is ahead of Meimarakis by about 1% when asking people about who's more suitable to become prime minister. Tsipras had reached 70% at some point so the decline is obvious.

bryant.coleman

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Some of the recent opinion polls are placing New Democracy in the lead, but a majority of the polls are giving an advantage for SYRIZA. Popular Unity is scoring somewhere around 4% and 10%. I have a feeling that their support is being under-estimated. If they could gain as much as 15% of the vote, then the Popular Unity will be a major headache for the SYRIZA.

Quinn

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Quote from: Meuh6879 on April 07, 2015, 02:46:36 PM

they can sold gold for bitcoins. Grin

a good deal ? Yes ... the time is with you, little grexit. Cheesy

It would be a good deal indeed. Especially, in that kind of situation.

Gronthaing

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Quote from: bryant.coleman on September 04, 2015, 01:49:20 PM

Quote from: qiwoman2 on September 04, 2015, 03:27:46 AM

Well now elections are up if the New Democracy party wins then I see a grexit in a few years time and total collapse of the economy unless those big sharks that took out 250 billion euros bring it back into the country and start investing again.

Wrong. New Democracy is a pro-oligarch party, which is in favor of the bailout. If they are able to gain a majority in the parliament (seems possible as of now), then the German and French bankers will take over Greece. The only party which is not in favor of the bailout is the Popular Unity, which was formed recently by the SYRIZA rebels.

Don't think that was what she meant. If new democracy wins yes, austerity will probably continue. And that will probably lead to worse economic problems in Greece until they exit. Or until people start revolting in the streets. That is unless the oligarchs stop evading taxes and bring all the money they stole back to the country and start investing like she said.

bryant.coleman

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Quote from: qiwoman2 on September 04, 2015, 03:27:46 AM

Well now elections are up if the New Democracy party wins then I see a grexit in a few years time and total collapse of the economy unless those big sharks that took out 250 billion euros bring it back into the country and start investing again.

Wrong. New Democracy is a pro-oligarch party, which is in favor of the bailout. If they are able to gain a majority in the parliament (seems possible as of now), then the German and French bankers will take over Greece. The only party which is not in favor of the bailout is the Popular Unity, which was formed recently by the SYRIZA rebels.

qiwoman2

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Well now elections are up if the New Democracy party wins then I see a grexit in a few years time and total collapse of the economy unless those big sharks that took out 250 billion euros bring it back into the country and start investing again.

HarHarHar9965

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Quote from: foxbitcoin on August 30, 2015, 04:38:13 PM

really awful situation of Greeks . It makes viewers think about the situation the Greek people are facing and we may face it in the future.

don't really think it is as bad as people here make it to be. Are you from Greece and are you facing some problems personally due to the shortcomings of your government? I go to Greece so often and there has been no macro changes, people are still the same, places are still so beautiful and the food is still as delicious as it used to be. So I guess rant time is over?

n2004al

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Quote from: foxbitcoin on August 30, 2015, 04:38:13 PM

really awful situation of Greeks . It makes viewers think about the situation the Greek people are facing and we may face it in the future.

I don't know which nation you are but if your politicians have abused with their power for several decades, if your people like more to have fun then to work and if your country is suffocated by the debts you really need to have fear. If not, stay calm. Nothing will happen and you will enjoy your life like the other normal nations.

foxbitcoin

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really awful situation of Greeks . It makes viewers think about the situation the Greek people are facing and we may face it in the future.

deisik

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Quote from: TuchiBaba on August 30, 2015, 12:59:09 PM

Quote from: deisik on August 30, 2015, 05:03:18 AM

Now that Greece has held a referendum with a strong "no" to austerity measures as an outcome and then turned 180 degrees, this doesn't sound plausible by any means...

As to me, Greece default turned out to be a farce

Not at all!

They want to be independant country. Proud. Why not?!
European Union is just a manipulative regulations bitches.
Money buy everything? And they said NO!
Greece FTW!

Talk is cheap

Topic: If Greece defaults (Read 45250 times)