The Latest! It looks to be a massive win for the NO vote.A clear mandate for Greece to exit the Euro tyranny.
Greek Referendum Results: Landslide Win for No Vote in Greece
The first official estimation for Sunday’s Greek referendum results show a victory for the NO vote with a 61% against a 39% YES vote with 46% of the votes counted, according to The Ministry of Interior and Administrative Reconstruction.
This is a very significant victory for the Greek government, which was campaigning in favor of the NO vote arguing that it will strengthen Greece’s negotiating power in its attempt to strike a better deal with its international creditors than the one previously offered.On the other hand, European Commission President Jean Claude Juncker said on Friday that a NO vote would “dramatically weaken” the Greek negotiating position.The implications of the vote are unclear at this moment.
What will the NO win actually accomplish? I did notice global rallies being held for Greece and the Greek people- Will this vote help toss off the shackles of debt based currency and private central bank enslavement? It could be a start.A news round up:8:40 p.m.
Of the first 20 percent of votes counted in Greece's referendum on whether to accept more austerity in exchange for a bailout, 60 percent voted "no" and 40 percent voted "yes."
Varoufakis to Meet Bankers on Sunday Evening
Greek Finance Minister Yanis Varoufakis will meet with Greek bankers on Sunday evening after the first official estimations of Sunday’s referendum, according to Reuters News Agency.The current capital control regime imposed in Greece since Sunday is scheduled to be lifted on Tuesday July 7. With the latest polls showing a victory of the NO vote, it is unclear how this plan will be affected.
Merkel, Hollande to Determine European Response to Greek Choice
The meeting of the leaders of Europe’s two biggest economies will help shape the euro-area response to one of the greatest challenges to face the currency region shared by 19 nations. Preliminary polls suggest Greeks may have sided with Prime Minister Alexis Tsipras’s government and rejected the terms of rescue aid set by creditors. First official projections will be made later on Sunday.
See actual count story above- Poll projections below Greek Referendum Poll: 52% No -- 48% Yes. No vote may be larger.
Voting on the Greek Referendum is over. Early polls indicate that the “No” vote prevails over the “Yes” vote. Metron Analysis, for instance, reports a 52% for the “No” and 48% for the “Yes.” Other polling companies also reported a lead of the “No” vote over the “Yes” vote, though actual results indicated a bigger lead of the “No” vote.
Greece has no plans to issue parallel currency, says TsakalotosGreece should NOT issue a parallel currency- they should issue their own currency, leave the EU and default- F the bankers
Greece's government is not considering printing a new currency, a government official said on Sunday, after opinion polls showed that Greeks are set to reject an aid package from creditors in a referendum."We are not discussing a parallel currency," Euclid Tsakalotos, the coordinator of negotiations with the country's creditors, told Star TV. "I do not think...that they are going to throw us out. We are ready to meet them as early as tonight."
See above linked article:Varoufakis to Meet Bankers on Sunday EveningAnd finally!
Greek central bank to request ECB raises ELA funding
Greece's central bank will file a request on Sunday that the European Central Bank (ECB) raise the amount of emergency funding (ELA) for Greek banks, the country's government spokesman said on Sunday."The Bank of Greece will make a request today, and we believe there are valid grounds for there to be an increase in ELA liquidity... there is no reason not to increase liquidity," Gabriel Sakellaridis told ANT1 television
More debt for the people- why when Greece can create their own debt free currency?
Update: I noticed all week the western media was playing the young vs old perception management meme- However, given the living situations in Greece- Three generations under one roof- this seemed nonsensical Digital Journal- Scenes of joy and a few words from Greece
"This is a victory for the Greek people, a chance for Europe," said Giorgos, 25, who had rushed along with his girlfriend to join some 6,000 people celebrating their triumph."Spain, and then Portugal, should follow this path. We're for a Europe of the people," he said. Giorgos insisted: "Greeks are not afraid".
While many of those who voted 'No' were youths hit by record jobless rates, there were also elderly people in the crowds, wrapped in Greek flags and dancing in time with the victory chants.
A mechanic in his sixties named Giorgos said that Germans -- viewed by many as Greece's nemeses in Europe -- "were not counting on a great Greek victory".
I wish the Greek nothing but the best. The situation was so dire there. May the winds of change blow very favourably on them and us all!
