Analysis of the Greece No Vote


Much to the surprise of the EU and the rest of the world, apparently, the Greek rejection of the EU’s current refinancing terms was a shock. As the post is being writing the No’s are over 60% which all but assures the no vote when all the ballots are counted. This level of dissatisfaction was not expected and leaves Brussels with major problems. As I see it there are only six options.

Number one is the EU central bank (the ECB) acquires all the Greek debt in the private sector at a discount level that leaves them all solvent. This would delay the real issues but still precipitate a market collapse on Monday unless they don’t open the exchanges.

Number two is the American Central bank (the FED) acquires all the Greek debt in the private sector at a discount level that leaves them all solvent. This would delay the real issues but avoid a market collapse on Monday and we’d see a drop but probably not a major one.

Number three Greek government could nullify the election and either argue for better terms or agree to the existing  terms of the EU. This would delay the real issues but avoid a market collapse on Monday and we’d see a drop but probably not a major one.

Number four the EU could seize all the assets of Greece and take Greece over as a defaulted creditor. Greece would be given the option to capitulate or the EU would occupy Greece.This would delay the real issues but still precipitate a market collapse on Monday unless they don’t open the exchanges

Number five the EU could consider this a rebellion and send in a military contingent to throw out the government and install an occupation government. This would also trigger a market collapse unless the exchanges are closed Monday.

Number six another country could buy the Greek debt held by the EU. This could be Russia China India or the US. This might also mean the need for an occupying force but might not. The market would go down but not as far as either of the other options.

As can be seen for these options there are no good ones for the EU or Greece.— we will know in a few hours what will happen.

One comment on “Analysis of the Greece No Vote

  1. That is great news! Ancient Greeks laid the foundations of western philosophy, science, self-rule (democracy) and therefore comprehended our FOURTH OF JULY SURPRISE & FIFTH OF JULY HANGOVER: National Academies of Science worldwide BETRAYED the public and basic principles of science after nations were united on 24 Oct 1945 to save the world from possible nuclear annihilation !

    1. The United States began with the “Declaration of Independence” on 4 July 1776.

    2. It was BETRAYED by the US NAS 169 years later, on 24 Oct 1945, because:

    _ a.) In 1863, President Abraham Lincoln had trusted and appointed a private, self-perpetuating group of distinguished scholars to advise the government on science and technology, without checks and balances – The US National Academy of Sciences.

    _ b.) Forty-nine years later, nations and national academies of sciences were united under the UN on 24 Oct 1945.

    _c.) During the secret, worldwide “Great Social Experiment” that followed (1945-2015), members of the US NAS and their home universities were BRIBED (allowed to benefit individually) by telling Congress how to spend the billions of dollars President Eisenhower would pour into the scientific-military-industrial complex during a frightening, if imaginary Cold War without revealing to the public that their lives and their fates were completely “in the hands” of a FORCE lying politicians and pseudo-scientists could not hide: NEUTRON REPULSION IN THE SUN’s PULSAR CORE

    https://dl.dropboxusercontent.com/u/10640850/Introduction.pdf

    [The Sun’s interior was changed from iron (Fe) to hydrogen (H) in textbooks, and Aston’s valid nuclear packing fraction was replaced with von Weizsacker’s deceptive nuclear binding energy.]

    3. Climategate emails in late Nov 2009 first showed many of us the sad state of government science.

    4. After hearing six years of official excuses for deceptive government science, now – on 4 July 2015 – there is little or no doubt:

    The US National Academy of Sciences Lincoln established in 1863 are currently BRIBED with PUBLIC FUNDS TO BETRAY THE PUBLIC.

    That was the 2015 Fourth of July Surprise for those who still believe any of these post-1945 Orwellian Consensus Scientific (UN)Truths

    1. AGW Anthropogenic Global Warming
    2. SNM Standard Nuclear Model
    3. SSM Standard Solar Model
    4. BBC Big Bang Cosmology

    Greece may now be leading society back from global tyranny to national self-rule, honest economy, and science.

    Oliver K. Manuel

    Like

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