Opinion polls: "No" appears to be winning in Greece

[davidn3600]

Greece is voting today in a nationwide referendum on whether the accept the EU bailout package. If it votes "Yes" (Nai), it must continue to repay the crushing debt load to the IMF that has crippled the country's economy over the last few years. But the country does get to stay in the EU and keep the euro as its currency. If it votes "No" (Oki), then Greece will likely default on almost all its remaining debt, maybe exit the EU, abandon the euro and re-adopt its old currency, the drachma. That would plunge Greece into even more economic turmoil as it would become an international pariah, largely cut off from the credit markets countries need to finance themselves.

Opinions polls are still showing that "No" has the lead. A poll by Metron Analysis shows Yes with 46% and No with 49%. A GPO poll is showing a similar outcome: Yes with 48.5% and No with 51.5%.

http://www.businessinsider.com/greece-referendum-live-blog-of-yes-no-vote-on-grexit-2015-7

[Duckhunter935]

1. Going to be very interesting

Either way

[hrmjustin]

2. That was a poll. BbC say there are no exit polls.

[gratuitous]

3. An interesting development

For decades, the wealthy have decided that living up to contracts is only for poor folks. If a wealthy corporation suddenly decided not to fund the pension it had contracted to provide to its employees, hey presto! obligation vanished through bankruptcy, change in ownership, or some other financial jiggery pokery. People who had invested their working lives in the company only to find out at the end of their careers of upholding their side of the contract that the company no longer felt the contract was binding. Just a coincidence that the company felt that way once their obligation came due.

But during the real estate bubble, we saw individuals simply walk away from the 30 year mortgages they had signed onto when the market went bust and they found themselves in possession of suddenly overpriced properties. At the time, we heard much wailing and moaning from the mouthpieces for the monied class who held those mortgages about the financial and moral obligation of underwater homeowners to keep paying their mortgages on time and in full. Legislation and programs designed to provide relief to homeowners from those obligations went curiously unfunded and unused.

Now Greece, pummeled for years over repaying debts that were providing no benefit except to expatriate capital from their country to other wealthier countries, has decided to cry "Enough!" I suspect the original financiers of these obligations have long since sold their holdings to other parties and gotten satisfactory payment from second and third and fourth purchasers of this debt. The Big Money Boyz currently hollering for the last drop of blood from the Greek stone paid to take on these debts knowing that there was a risk in doing so. Yet, everyone is supposed to be feeling sorry for the vultures that the bones have been picked clean already.

This could be a very dangerous notion catching fire. Dangerous, that is, to financiers who depend on the misery of millions to fill their pockets.

[Marr]

8. +1, it'll be interesting to see what happens in Greece if they do go back to the drachma.

I mean, no matter what happens, it'll be portrayed as the economic version of a nuclear winter here in the States-- because that's the narrative they need to promote. But the universal predictions in our corporate media of Greece's economic ruin if it defaults on it's debt makes me wonder if it's not just plain bullshit, and their real fear is that Greece might set an example.

[PoliticAverse]

4. Those appear to be "opinion polls" not "exit polls".

The primary difference being exit polls poll people that have actually bothered to vote.

[davidn3600]

5. Another news site called them "exit" but I'll update the title

[Comrade Grumpy]

6. I'll be awaiting official results with bated breath. n/t

[Marr]

7. They should be bailed out with money from the big banks, and not have to repay it.

After all, it was those banks who put them in this position to begin with.

[hrmjustin]

9. Just heard on bbc that with 7 percent in No is getting 60%.