My favorite picture from the Greece "No" vote celebration......

[marmar]

http://www.huffingtonpost.com/2015/07/05/live-updates-greece-referendum_n_7718020.html

[Erich Bloodaxe BSN]

1. Somehow, I'd managed to miss that the votes were in and had been counted. 61% no? Good on them.

It's serious pain whichever way, buy the 'austerions' need to be slapped in the face, and Keynesian stimuli applied.

[Warpy]

2. The EU will continue to negotiate

They don't want Greece leading a parade of nations out of the Eurozone.

[mythology]

3. Who is going to give them money for a Keynesian stimuli?

They have just defaulted on one loan, what makes you think somebody is going to give them another?

[Erich Bloodaxe BSN]

4. That's a good question.

And I'm looking forward to see how they handle it.

[jeff47]

5. Either the EU does it, or the EU starts having problems

with all the other nations they have been fucking with austerity.

Also, we're not talking about a complete stimulus program. We're talking about creditors taking a haircut. The same thing that would happen in the US if someone defaulted on their mortgage.

[Ed Suspicious]

6. Right. It's asinine for the EU and Germany in particular to be playing this all or nothing game.

[Spitfire of ATJ]

7. The EU is mostly run by a right-wing trying to impress the rich....

The rich tells them to eliminate programs for the poor and more tax cuts for the rich and eliminate labor and environmental laws.

[Hydra]

8. My guess is that Germany will have to organize footing the bill if they want a Eurozone

Personally, I'm in favor of Greece and the other countries going back to their own currency. There's no place in a sovereign nation for a private bank they have to depend on to give them their currency...with an interest charge.

You know, we should really think about that ourselves...

[nationalize the fed]

9. Here's a progressive case for nationalizing the federal reserve

Nationalize the Federal Reserve
Brandon Turbeville - The Progressive Gazette
December 4, 2013

The United States today finds itself in the midst of a crisis which exists on a multitude of different levels. From the establishment of a culture of constant warfare, increasing environmental degradation, and the devolution into an outright police state, the perils of the current system are easily visible to those with eyes to see.

Nowhere, however, is the crisis more visible than in the manifestations of the world economic depression.

From mass unemployment (estimated at approximately 25% when all factors are considered) and a growing national debt to a ballooning trade deficit and the loss of purchasing power of the dollar as well as decrepit and crumbling national infrastructure, the United States today faces a crisis of epic proportions...

http://www.progressivegazette.com/2013/12/nationalize-federal-reserve.html

Who/What gets the interest on the money created today? Ask 10 people and see if anyone knows what you're talking about.

[Hydra]

11. Believe me, I've had that discussion

Most of the misplaced rage at the Greeks is based on an ignorance of how economics works at a country level. Most people, including a fair number of DUers don't know what currency involves, even though it's openly talked about now on even the MSM.

I'm for taking the dollar back from the Fed. There's no reason Congress can't run the program (as they are supposed to).

[Uncle Joe]

10. Kicked and recommended.

Thanks for the thread, marmar.