BILD newspaper mocks Greeks for admitting they do not know what they are voting about

July 3, 2015

Bild newspaper has posted a mocking video of Greek people, forced to admit that they do not understand what the referendum on Sunday is about and saying they don’t know what to vote. How could they? There is no clear referendum question understandable to the majority of people so they can make a choice.

http://www.bild.de/politik/ausland/griechenland-krise/wissen-die-griechen-ueber-was-sie-sonntag-abstimmen-41621956.bild.html

A YES vote in these circumstances is the only option to prevent chaos.

Voters should take their smartphones with them to keep a record of any rigging events.


YES VOTE NEEDED ON SUNDAY TO STOP COLLAPSE OF GREECE, EUROPE MUST PREPARE EMERGENCY HELP

July 3, 2015

After the highest court in Greece rejected an appeal to cancel the referendum, it is imperative for Europe to prepare an emergency measures to stabilize Greek banks and the economy in the coming weeks.

The cost of keeping Greek banks liquid from Monday will be much less than the cost of seeing Greece plunge into economic and social turmoil, which will result from a No vote.

We just have to hope and pray for a huge YES turnout on Sunday, but questions have to be asked about the validity of any vote organized in these conditions.


GREECE’S TOP COURT RULES THAT REFERENDUM CAN GO AHEAD

July 3, 2015

Kathimerini has reported that the highest court in Greece has rejected an appeal to cancel the referendum on Sunday.

https://twitter.com/ekathimerini?original_referer=http%3A%2F%2Fwww.ekathimerini.com%2F198867%2Farticle%2Fekathimerini%2Fcomment%2Fstatement-by-athens-law-school-professors-on-the-referendum&profile_id=242704372&tw_i=617001872386359296&tw_p=embeddedtimeline&tw_w=615505128733454336

Greeks will be asked to vote on two highly technical documents they cannot reasonably be expected to understand in a foreign language, which are available on the internet, many cannot access.

The implications of the vote have not been explained so they  cannot weigh potential benefits and risks and make an informed decision.

They wll have to vote against a backdrop of capital controls,  a shortage of cash which will prevent hundreds of thousands from travelling to the towns and villages where they are registered to vote.

This is not direct and participatory democracy.


TOP ECONOMIST WARNS THAT “NO” VOTE WILL MEAN RETURN TO DRACHMA AND HYPERINFLATION

July 3, 2015

Vicky Pryce has warned that a No vote in the referendum could plunge Greece into years of economic and political turmoil.

A default and euro zone exit needs planning. To succeed, the Drachma has to be reintroduced under the right conditions as sovereign money and with tight inflation controls. The unprepared, chaotic, delayed introduction of the Drachma, also as private money — something which is on the cards if there is a No vote in the Sunday referendum — could destroy the Greek economy.

Iceland had its own currency so it only had to manage the default. It did not have to introduce a new currency at the same time as the default as Greece would have to.

From The Guardian:

Both sides are equally to blame in letting the Greek debt crisis get to a point now fraught with immense political and economic risks for the entire eurozone, says Vicky Pryce, chief economic adviser at the Centre for Economic and Business Research. She is also the author of Greekonomics: The Euro Crisis and Why Politicians Don’t Get It.

Asked by the Guardian how she would vote on Sunday, Pryce said: “The referendum should never have been held. But I would vote yes.”

She continued:

In truth the creditors’ offer to the Greeks differs little in terms of overall austerity to that asked for by the Greeks except on where some of the pain may fall and that hasn’t been explained to the Greeks. There has been too much austerity but a no vote would make things worse. It would almost certainly mean banks becoming insolvent, an exit from the euro and a much faster decline in economic activity with hyperinflation following as the drachma that is introduced instantly devalues.”

A yes vote would keep banks open and give mandate for a deal to be struck that recognises the new Greek realities and includes, as the IMF now says, restructuring of the debt which every economist knows is unsustainable. This would offer some light at the end of the tunnel. A no vote would make that almost impossible to accomplish and could plunge Greece into years of economic turmoil.”


SUPERMARKET LOOTED IN ATHENS BY YOUTHS AS RIGHTS BODY WARNS REFERENDUM HAS POLARIZED SOCIETY

July 3, 2015

A (suspiciously?) well organized group of 30 youths has looted a supermarket in Athens and distributed anti austerity leaflets and a Yes campaign kiosk in Maroussi was wrecked with crowbars.

http://www.ekathimerini.com/198886/article/ekathimerini/news/leaflet-throwing-youths-loot-athens-supermarket

http://www.ekathimerini.com/198887/article/ekathimerini/news/yes-campaign-kiosk-trashed-in-maroussi

The incidents come as the Hellenic League for Human Rights has expressed concern about the climate of polarization that has developed in the countdown to Sunday’s referendum, which, it said, “is being conducted under rushed and pressurized circumstances.”

http://www.ekathimerini.com/198889/article/ekathimerini/news/rights-body-fears-violations-after-greek-vote


Why are the polls on Greece’s referendum so crazy? asks The Telegraph

July 3, 2015

The answer is simple: the polls like the hastily organized referendum are open to massive manipulation…

http://www.telegraph.co.uk/news/general-election-2015/politics-blog/11712839/Why-are-the-polls-on-Greeces-referendum-so-crazy.html


Capital controls will prevent hundreds of thousands of Greeks from voting in historic referendum

July 3, 2015

Capital controls will make it impossible for hundreds of thousands of Greeks to afford to travel to the towns and villages where they are registered to vote in the referendum on Sunday, says the FT.

http://www.ft.com/intl/cms/s/0/52ab4bce-20d6-11e5-aa5a-398b2169cf79.html#axzz3epndxM7R


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