World's Richest Country Ignores Economic Crisis

[Spare_change]

Greece has voted by a big margin against Europe's latest bailout offer, raising the prospect that the country could now suffer a worse economic disaster and lose its place in the euro.

More than 60% heeded left-wing Prime Minister Alexis Tsipras' call to vote "no." He hopes to force Europe to hand over more money with less austerity attached, and cancel some of Greece's enormous debt.

Thousands of Greeks celebrated in the streets of Athens after the vote on Sunday. But the result sets Greece on an uncertain path that could force it to abandon the euro and print its own currency -- with huge damage to the economy.

Greece urgently needs cash to reopen its banks, which have been shut for a week, and for pensions and wages.

How Europe and the International Monetary Fund will respond is unclear. They've already rescued Greece twice since 2010, with loans totaling 240 billion euros ($264 billion).

 

[Hossfly]

Greece has voted by a big margin against Europe's latest bailout offer, raising the prospect that the country could now suffer a worse economic disaster and lose its place in the euro.

More than 60% heeded left-wing Prime Minister Alexis Tsipras' call to vote "no." He hopes to force Europe to hand over more money with less austerity attached, and cancel some of Greece's enormous debt.

Thousands of Greeks celebrated in the streets of Athens after the vote on Sunday. But the result sets Greece on an uncertain path that could force it to abandon the euro and print its own currency -- with huge damage to the economy.

Greece urgently needs cash to reopen its banks, which have been shut for a week, and for pensions and wages.

How Europe and the International Monetary Fund will respond is unclear. They've already rescued Greece twice since 2010, with loans totaling 240 billion euros ($264 billion).

The whole thing revolves around their socialism and not being willing to cut any of the Free Stuff programs. I don't think the Eurozone is anxious to foot the bills for any more of their experiments.

 

[Claudette]

Greece has voted by a big margin against Europe's latest bailout offer, raising the prospect that the country could now suffer a worse economic disaster and lose its place in the euro.

More than 60% heeded left-wing Prime Minister Alexis Tsipras' call to vote "no." He hopes to force Europe to hand over more money with less austerity attached, and cancel some of Greece's enormous debt.

Thousands of Greeks celebrated in the streets of Athens after the vote on Sunday. But the result sets Greece on an uncertain path that could force it to abandon the euro and print its own currency -- with huge damage to the economy.

Greece urgently needs cash to reopen its banks, which have been shut for a week, and for pensions and wages.

How Europe and the International Monetary Fund will respond is unclear. They've already rescued Greece twice since 2010, with loans totaling 240 billion euros ($264 billion).

The whole thing revolves around their socialism and not being willing to cut any of the Free Stuff programs. I don't think the Eurozone is anxious to foot the bills for any more of their experiments.

I agree.

Socialism works great till you run out of other peoples money.

Greece can founder all by itself.

 

[bucs90]

Its like being a whiny teenager whose parents give $25 a week allowance. Then parents lose their jobs...and cut it to $15 and tell the teen "Sorry. You may have to get a job yourself. "

And the teen says "Nope. I do not accept those terms."

Stupid leftists.