The Greek Referendum - Greek Crisis

Guardian - Live Blog: Reports in its 8.53pm the following post " ( Greek PM) Tsipras says he will ‘respect the outcome’ of the referendum, and act in accordance with the Greek constitution -- which suggests he’s resign if the public vote Yes.  "

Lets Get Real:

Even since PM Tsipras came to power it has been heading towards this point, the Greek government is not telling the truth to the Greek voter.  If the Greeks vote no they are out of the Euro, if they vote YES then Greece might have a chance in the long term.   As stated by this blog the left always want to tax the rich, if the Greek government had done that first then these latest development could have been avoided.   The Greeks have lived off the welfare state and they no longer see that you have to look after yourself, the EU will not pick up the tap for the elections promises of a left wing government.  Time for Greece to smell the coffee and fast. 

The Greek Government to SUE EU - Greek Crisis

Telegraph: Reports " Greece has threatened to seek a court injunction against the EU institutions, both to block the country's expulsion from the euro and to halt asphyxiation of the banking system. "

Lets Get Real:

One has to give to it to the Greek Government, they will try any strategy to outfox the EU/IMF, it wont work, the Courts would be MAD to be part of this process, and it will annoy the hell out of the EU.   The Greeks need fresh elections, a new conservative government should be formed, one that obeys the EU/IMF and helps Greece in the long term.   The left never know how to deal with an economy, just ask UK voters from 2010 to 2015.   The left just wants to print money and tax the rich.   The UK made a wise choice in 2015, it elected a totally Conservative Government, thus far so good for the Cameron Government. 

The Greeks in Default - Greek Crisis

The Daily Mail: Reports " Greece is NOT going to pay back its 1.6billion Euro loan instalment tomorrow a government official confirms as banks are closed and cash withdrawals limited  "

Lets Get Real:

Thus the Greeks will be in default what ever the IMF call it, they should be treated harshly, otherwise the idea will get formed in other Countries that they can spend on welfare and the German tax payer will pick up the tap, the EU/IMF can not allow the idea to form that Countries can default on their loans and there are no results.    The whole system could be called in to question if the Greeks are let off their debts.   The Euro will not last if the German taxpayer has enough, who else will get their wallet out to bailout the EU.   This economic harshness is needed, there has to be a clear message, if you spend to much as the Gordon Brown government did between 2007/10 there are bad results for the Country and political parties, the UK went through a deep recession and the Labour Party has lost two general elections, one in 2010 and 2015.  

Greece HAS a CHOICE - Yes or No - Greek Crisis

BBC News: Reports " EU leaders have warned Greeks that rejecting creditors' proposals in a snap referendum called for Sunday would mean leaving the euro. "

Lets Get Real:

The Greeks now face a stark choice, either obey the EU in the shape of the Germans or leave the Euro, they can not stay in the Euro and reject the demands of the EU.   The Greeks think that the EU is bluffing, not this time, they have had enough of throwing good money down the toilet.   The Greeks Government created this mess my over promising at the general election and now the face the reality that the EU/IMF have had enough of the game playing by the left wing government.   THUS Greeks listen to your new Masters at the EU/IMF, you have no choice, you never had a choice, you have to give ALL the way, the Germans own you and the land under your feet.