Greece needs to get it's act together and stop living in denial or else Europe needs to cut them loose. Tipping point is nigh. The referendum has nothing to do with democracy! It is a cop out and a delaying tactic.
We have had months and years of denial with no structural reform. Poor Governance is also the electorates fault as it is in Ireland and elsewhere. Germany and EZ have done a huge amount to help the country in the past and as KarlTimber says maybe too much.
Outside bet for the gamblers - Greece to be kicked out of close of The Euro after default close of today!
One item that the news/media doesn't talk about much is the cultured tax evasion and that it hasn't changed in the last few years. The Eu/Imf see this so why would they lend to a country that will not fix itself.
What is the question Greeks will be asked? I suspect it won't be a euro yes no. A completely one sided government campaign has the Greek people believing that it's vote no for a better troika deal and an end to austerity. I have a feeling that's why so many eu leaders launched the yes campaign yesterday. There is almost no Greek vote yes campaign.
After midnight all troika deals with Greece expire and they will join the likes of Sudan on the defaulters list. I think they may also be the first developed country to ever default on the imf, the lenders of last resort .
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