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  • Greek FM Varoufakis: Minister No More

    From yanisvaroufakis.eu

    The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage. Like all struggles for democratic rights, so too this historic rejection of the Eurogroup’s 25th June ultimatum comes with a large price tag attached. It is, therefore, essential that the great capital bestowed upon our government by the splendid NO vote be invested immediately into a YES to a proper resolution – to an agreement that involves debt restructuring, less austerity, redistribution in favour of the needy, and real reforms. Soon after the announcement of the referendum results, I ... (full story)

The removal of Varoufkis as minister is nothing more than a token olive branch offered by Tsipiras to help entice the IMF & EU back on the negotiating table. It's sort of like a "feel good" tactic.

It hasn't actually addressed the issue of Tsipiras expecting europe to come back to negotiate (whereas most of Europe seems to view the "no" vote as an indirect refendum in favor of leaving the eurozone).

It caused a bit of jump in the eur/usd, but this really isn't worth that much in the big picture.

Meh. I'll just sit back and wait for london session to begin on july 6th.
V A R O U - F A K - I S
Well, he's really an actor lol!
An Olive branch from a dead tree ....interesting concept

I see the political play rolls ever on.....I must admit it does play more like an american soap
If the EU wont come to the table and help out Greece, Russia is in the wings, ready to pounce. Anything to humiliate Europe and the USA.
Quoting dghent
If the EU wont come to the table and help out Greece, Russia is in the wings, ready to pounce. Anything to humiliate Europe and the USA.
And face the same fate. Russia and China have enuf problems, the last thing they want is to mess up with EU and US.
Quoting dghent
If the EU wont come to the table and help out Greece, Russia is in the wings, ready to pounce. Anything to humiliate Europe and the USA.
So when russia did the deal to supply the gas pipeline to the EU border & paid the greek govt for this.......thats them waiting to pounce???

I didn't know their desire for 3rd rate olive oil was a factor
Quoting dghent
If the EU wont come to the table and help out Greece, Russia is in the wings, ready to pounce. Anything to humiliate Europe and the USA.
Right :-). Like they did in Ukraine and Georgia :-).

Some people are really delusional...
The people of a sovereign state in Europe have voted fair and square in favour of a freely elected Government to follow path "X"

The EU parliament , the IMF , and the ECB (all unelected) have decided to impose the will of themselves upon the sovereign state, ignoring the wishes of both the sovereign states electorate to further its own interests

Sorry folks, this is a PR disaster for the un-elected Troika, might as well have cruised into Athens in tanks... it would look more subtle

Greece 10 - Germany 0 , can't wait for the Brexit vote
So he is the sacrificed queen in this chess game..
spartans did it again, against the slavery any kind (economic this time)
Quoting sylvin
V A R O U - F A K - I S
Well, he's really an actor lol!
Proving to the world how dumb you are, are you?
Quoting dghent
If the EU wont come to the table and help out Greece, Russia is in the wings, ready to pounce. Anything to humiliate Europe and the USA.
Russia has its own set of problems buddy. And Greece doesn't want to go the Russian way as it would clearly give more reasons for the EU to kick Greece out. Besides, only Eurozone (ECB) and the IMF can give out such risky loans (cos they have nothing to lose in reality).
Quoting Vermillion
The removal of Varoufkis as minister is nothing more than a token olive branch offered by Tsipiras to help entice the IMF & EU back on the negotiating table. It's sort of like a "feel good" tactic.

It hasn't actually addressed the issue of Tsipiras expecting europe to come back to negotiate (whereas most of Europe seems to view the "no" vote as an indirect refendum in favor of leaving the eurozone).

It caused a bit of jump in the eur/usd, but this really isn't worth that much in the big picture.

Meh. I'll just sit back and wait for london...
Either an olive branch or a behind the scenes negotiations taking fruit. In 2011, Papandreou (PASOK) had to resign too after a failed attempt on referendum and in return for fresh bailout.

I guess we'll know maybe a year or two later from now why Yannis resigned.
So f.. tired of Greece
Quoting jw1981
Proving to the world how dumb you are, are you?
Not knowing humor aren't you?
I bet you loss your money for the no vote dude, LOL!
Whoops, sorry!
Quoting jw1981
Proving to the world how dumb you are, are you?
Varou fuck this!
Quoting harry23
Varou fuck this!
nice one
OXI ! Well done Greece

Lets remind the EU what Democracy actually means ,,,,, UK next ,,, lovin' it!
.... laughing all the way to the bank
Quoting itsallover
OXI ! Well done Greece

Lets remind the EU what Democracy actually means ,,,,, UK next ,,, lovin' it!

,,,,and maybe the little piggies in tow?!!
.... laughing all the way to the bank
Quoting itsallover
,,,,and maybe the little piggies in tow?!!
and also dont forget big fat piggies in tow when there are no more little piggies to eat.

http://www.odditycentral.com/pics/pigs-that-grow-wool-who-knew.html
https://www.youtube.com/watch?v=Afl9WFGJE0M
good 4 greece
Quoting almbayrak
and also dont forget big fat piggies in tow when there are no more little piggies to eat.

http://www.odditycentral.com/pics/pi...-who-knew.html
ROFL hee hee finally a hooman with a sense of humour lol,,,,, I loved that thankyou almbayrak
.... laughing all the way to the bank
  •  Guest
  • | IP XX.XX.124.64
Greek vs Europe can be understood easily and clearly with Freud's theories from his books: Moses and Monotheism, Totem and Taboo, and Oedipoes Complex Theory.
Greece found someone intelligent and courage, he was intelligent and called the people to stand beside where his decisions took force , he probably will make history and put the country on development track again . We expect prosperity to the Greek people.
  •  Guest
  • | IP XX.XXX.26.254
The first rat jumps off the sinking ship... obviously.

Can someone tell why this bunch of "geniuses" didn't arrange this same referendum back in January when their country was still standing on some feet?
Quoting fransiscus
So he is the sacrificed queen in this chess game..
Hah! His drama queen! You got that right!
Quoting Guest
The first rat jumps off the sinking ship... obviously.

Can someone tell why this bunch of "geniuses" didn't arrange this same referendum back in January when their country was still standing on some feet?
Good question. On July 20th, the $3.9b payment to ECB is due. They will default. Greek banks will collapse. Pensioners and military will not be paid. Then Greeks will learn the 'true' meaning of austerity.

The Greeks didn't put themselves into a better bargaining position. They put themselves into a worse one. Tsiporas will blame Europe and snuggle up to Russia for financial support. In return, Russia gets a new naval base in Greece (that it can't afford to build). And everyone (except idiot communists) will be scratching their heads, wondering why Greeks jumped out of the frying pan into the fire.

'Neither a lender nor a borrower be.' - Shakespeare
  •  Guest
  • | IP XXX.XX.116.50
no loss, the guy is delusional.
It is the best of time, it is the worst of time.

Could not believe Greeks would vote "No". But again I underestimate the desperation of the Greeks and their resentment towards the austerity.

Doubt a conclusion can be reached by 20 July, seems little light at the end of the tunnel.
I don't want belittle the Greek tragedy, but the 32% Chinese market correction is far more significant. Where are the news headlines about that?
I am proud of his decision to leave, only because he refuse to play the corrupt game of politicians and control. This has nothing to do with the greek/euro nation, more so to do with forcing capitalist to assume accountability for their actions and future actions in the market. Yanis happen to be one of the few individuals that actually would work for the people; what will happen now is a complex reshuffle of the cards that will end with a print of something beautiful in the news, but will be backed with lots of hidden funds and rules going else where. This is really sad.
CYCLES, Cycles, cycles
I am absolutely agree with you.

The greek stuff is an evidence, that the modern capitalist economic models have been failed. Who have or earned that huge amount of money what will be given to greece?
This money is printed now. Thats why IMF and the whole branch need more time.

I think.

The situation in china is also really interesting. I saw a chart, when the chines economy start growing like a skyrocket lunch around 2012, and the growing still remain exponential.

What will be, when the 99 loofballoons will fly away?
  • New Comment
  •  Guest
  • | IP XX.XXX.82.149
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  • Story Stats
  • Posted: Jul 6, 2015 1:38am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 33  /  Views: 11,248