Cyprus-Forum.com

[Get Real!]

Looking beyond that, the net effect is that the Greek people are like the client facing a three card trick and putting money on all three cards.

Edo babbas, eki babbas… goes the referendum.

Bou einai o babbas?

O babbass efige!

[Nikitas]

Re safe deposit boxes. The confusion continues. Minister Mardas said that the owners of the boxes remain the sole owners of their contents.

However, the final answer will be given tomorrow in the renewal of the law that decreed the bank closure. They expect to have a clause in there re the safe deposit boxes.

This is unique, as safe deposit boxes contain things, (chattels, as opposed to choses in action to put it in legalese) and therefore do not come under the same regime as money or securities in accounts. The insurance regime covering boxes says as much.

It is a small step to extend the restrictions to personal property beyond to safe deposit boxes, ie what people have at home, and the move reveals panic and confusion.

[Nikitas]

Zagoraios song Edo Papas ekei Papas will be the theme for the referendum.

The line

Epiges kai emplexes me tous atsides

kai sou ta fagane oi papatzides

is so apt to today's events.

[Sotos]

Nikitas, the result was fully democratic. Who voted Yes: all those who are still relatively well off. Who voted no: The unemployed, the desperate, those who are left with very little to lose. Greece was following the demands of the creditors for years and the situation was getting worst and worst. It was inevitable that at some point this would happen!

[Get Real!]

You should see a sudden surge in “We buy gold!” signs, and the barter system to some extend returning as happened on Cyprus.

Last year I fixed an 80 year old’s computer and in return he gave me like two dozen eggs from his garden. I wasn’t gonna charge him anyway but he insisted with the eggs.

[Sotos]

Sigmalive.com had a poll the last few days asking the Cypriot people what they would have voted in the referendum. The result in this poll is extremely close to the final result in Greece.

poll-greece.jpg

[Nikitas]

Those who are well off? like the association of university professors, the association of mayors, the association of regions (periferies), all political parties except the chemtrailers, nazis and Syriza.

Syriza supporters include shipowners like the Latsis and Angelopoulos families, there are rich and poor as in all parties.


this is a political ploy to get rid of the internal Syriza opposition, nothing more. He played the fate of the whole country on a personal gambit.

[Nikitas]

We have had the buy gold signs since the start of the crisis four years ago. And we get visits from UK teams setting up in hotels and buying, for spot cash, the more valuable stuff from well off families falling on hard times. Last month they were at the Hilton.

Bartering has always gone on in the provinces, it is practical and neat way to avoid getting into VAT hassles.

[Paphitis]

Watch the IMF, ECB and EZ do cartwheels now.

Bravo Ellada!

Now Greece can negotiate a write down in debt otherwise Default, and default again. If they want to stuff Greece around then the institutions can kiss their money goodbye.

Greece should take this down the wire for the sake of future generations. The a government has a mandate.

If they make Greece cashless, then roll out the Drachma. This is a war Greece can't afford to lose.

Greece 1 EZ O

[Get Real!]

Now Greece can negotiate a write down in debt otherwise Default, and default again. If they want to stuff Greece around then the institutions can kiss their money goodbye.

Problem with that is that Italy (owed around 45 billion from Greece) may not survive such repercussions and cause a domino effect.

We’ll have to wait and see… I'm interested to see what the Italian government will say tomorrow.