What the Greeks presented on Monday. Their request for an extension is understood to be based on these proposals.
http://www.scribd.com/doc/256125514/Greek-Finance-Min-presentations-at-Eurogroup-11-15-Feb-2015
This is just a buying time proposal.
Buying time until what exactly. Nothing to buy time for as far as I can see. Szyria were elected two years too late to set the cat amongst the pigeons really. They will have to fold or grexit. What they will do is the courageous manoeuvre beloved of inda et sl. Fold, and proclaim it a game changer.
Aren’t they all. They’ll have to default eventually. It’s inevitable.
September 1913
Actually reading into it, the Greek position doesn’t seem to have changed at all
September 1916 then.
Tell me @Julio Geordio[/USER] and [USER=193]@balbec If you were the Greek pm, how would you handle this?
Source a nuclear weapon.
Apart from that.
He’s in an awful position. Fucked regardless.
He needs to walk up to the edge of the cliff and threaten to jump (which is what he is doing) and hope they cave. Ultimately though he needs to be really willing to go over the edge in order to force their hand.
If he cannot get a debt reduction they need to default anyway.
It will be absolute mayhem for Greece. Civil servants won’t get paid (and they have an outsized public sector), welfare won’t get paid etc. banks would likely fail.
He can’t even look to pay the bills from tax receipts etc in a default because the Greeks will just stop paying. [SIZE=3] [/SIZE]
[QUOTE=“Julio Geordio, post: 1093792, member: 332”]He’s in an awful position. Fucked regardless.
He needs to walk up to the edge of the cliff and threaten to jump (which is what he is doing) and hope they cave. Ultimately though he needs to be really willing to go over the edge in order to force their hand.
If he cannot get a debt reduction they need to default anyway.
It will be absolute mayhem for Greece. Civil servants won’t get paid (and they have an outsized public sector), welfare won’t get paid etc. banks would likely fail.
He can’t even look to pay the bills from tax receipts etc in a default because the Greeks will just stop paying. [/QUOTE]
If there’s mayhem and people starving in the streets will moral pressure not come on the Germans though? Big Greek population in American.
[QUOTE=“Julio Geordio, post: 1093792, member: 332”]He’s in an awful position. Fucked regardless.
He needs to walk up to the edge of the cliff and threaten to jump (which is what he is doing) and hope they cave. Ultimately though he needs to be really willing to go over the edge in order to force their hand.
If he cannot get a debt reduction they need to default anyway.
It will be absolute mayhem for Greece. Civil servants won’t get paid (and they have an outsized public sector), welfare won’t get paid etc. banks would likely fail.
He can’t even look to pay the bills from tax receipts etc in a default because the Greeks will just stop paying. [/QUOTE]
What about the Russian position?
I would promise to collect taxes at every level of society in exchange for a revised payment plan. Zero tolerance.
this is a joke
they have no cards, yer man from syriza must think we are back at the time of Alexander the great or something when Greeks were taken seriously.
they’re an absolute joke, a nation with no dignity , all this pathetic muscle flexing may be getting him kudos in the dump that is Athens but no one anywhere else is taking him seriously, he will fall in line in a most undignified way
[QUOTE=“mickee321, post: 1093822, member: 367”]this is a joke
they have no cards, yer man from syriza must think we are back at the time of Alexander the great or something when Greeks were taken seriously.
they’re an absolute joke, a nation with no dignity , all this pathetic muscle flexing may be getting him kudos in the dump that is Athens but no one anywhere else is taking him seriously, he will fall in line in a most undignified way[/QUOTE]
We called this. 
[QUOTE=“mickee321, post: 1093822, member: 367”]this is a joke
they have no cards, yer man from syriza must think we are back at the time of Alexander the great or something when Greeks were taken seriously.
they’re an absolute joke, a nation with no dignity , all this pathetic muscle flexing may be getting him kudos in the dump that is Athens but no one anywhere else is taking him seriously, he will fall in line in a most undignified way[/QUOTE]
http://joehiggins.ie/wp-content/uploads/2012/03/enda+kenny+sarkozy+body+language.jpg
I doubt his promise to collect tax would be taken with anything but a pinch of salt.
[SIZE=3][QUOTE=“flattythehurdler, post: 1093803, member: 1170”]What about the Russian position?[/QUOTE][/SIZE]
You could use it as leverage, but t[SIZE=3]he Russians can barely finance themselves and are unlikely to realistically want to jump in and save the Greeks. [/SIZE]
they will do a deal I expect because the civil servants who are involved will have pensions that are worthless if they don’t do a deal