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.935 now
Major meeting scheduled for Tuesday.I think banks will remain closed till Tuesday evening
Smart people know there should be an uptrend in the pps tomorrow.... but the percentage of people are dumb when it comes to these things. I say this because the no vote means that Greece is going to get a better deal which in turn is going to be better for the banks
Greek voters delivered a resounding “no” in a referendum on Sunday that asked them to decide whether to accept a set of proposals by Greece’s creditors, leaving uncertainty ahead for Greece’s fragile economy and its fate in the eurozone.
In a televised address on Sunday night, Tsipras praised a “historic, brave choice” by Greek voters, saying “the mandate you’ve given me does not call for a break with Europe, but rather gives me greater negotiating strength.”
His comments came with around 80 percent of the vote counted, showing 60 percent of the vote saying “no” to the creditors’ proposals.
Tsipras said he was ready to return to negotiations with Greece’s creditors, indicating however that he would seek a meeting with party leaders. Later last night he visited President Prokopis Pavlopoulos and proposed the leaders’ summit.
As for the prospects for a deal, Tsipras appeared cautiously confident but said any deal should include debt relief, invoking a report by the International Monetary Fund released last week which said Greece’s debt is unsustainable without a 30 percent reduction.
“We know that there are no easy solutions but there are fair and viable solutions, as long as both sides have the will,” he said. “We showed that even under the most difficult circumstances, democracy can’t be blackmailed.”
His government’s immediate priority, he said, was to reopen Greece’s banks. It remained unclear, however, what the outlook was for Greece’s cash-strapped lenders with the European Central Bank expected to decide on Monday on whether to increase emergency liquidity to the banks.
European Commission President Jean-Claude Juncker is to hold a conference call on Monday with ECB President Mario Draghi, Eurogroup president Jeroen Dijsselbloem and European Council President Donald Tusk.
On Tuesday afternoon, Tusk said, a eurozone leaders’ summit will be held to discuss the “situation after the referendum in Greece.” Ahead of the summit, French President Francois Hollande and German Chancellor Angela Merkel are to have a working dinner to discuss Greece, Hollande said.
The EC issued a brief statement on Sunday, saying it “respects” the result of the referendum.
Other reactions were less diplomatic. “With the rejection of the rules of the eurozone... negotiations about a program worth billions are barely conceivable,” said German Economy Minister Sigmar Gabriel. “Tsipras and his government are leading the Greek people on a path of bitter abandonment and hopelessness,” Gabriel said, adding Tsipras had “torn down the last bridges on which Greece and Europe could have moved toward a compromise.”
European Parliament President Martin Schulz said Tuesday's eurozone summit should discuss a “humanitarian aid program for Greece” after Greeks rejected creditors’ proposals. He added that Greece must make “meaningful and constructive proposals” in the coming hours. “If not we are entering a very difficult and even dramatic time,” he said.
Earlier Finance Minister Yanis Varoufakis made a strong-worded statement with some conciliatory rhetoric. He said Greece’s creditors had planned to humiliate Greeks and to close the country’s banks. “Today’s ‘no’ is a big ‘yes’ to democratic Europe,” he said. “The ultimatum has been returned to those who sent it,” Varoufakis said, adding that Greece was prepared to call creditors – “one by one” – for a new round of talks. “Unfortunately over the last five months, creditors refused all substantial negotiations,” he said. “From tomorrow, with the brave ‘no’ that the Greek people gave us, we will offer a helping hand to our creditors, we will call on them one by one.” “From tomorrow, Europe, whose heart tonight beats in Greece, starts healing its wounds, our wounds,” he added.
Monday night also brought some unexpected political developments. The failure of the “yes” campaign led New Democracy leader Antonis Samaras to announce his resignation. “I understand that our great party needs a new start,” Samaras said. He urged Greeks to set aside their differences and urged the government to reach a swift deal with creditors.
The leader of centrist Potami, Stavros Theodorakis, who also campaigned strongly with the “yes” camp, called on Tsipras to reassure Greeks of his government’s commitment to Greece’s place in the euro and that people’s savings would not be “looted.” He noted that 60 percent of Greeks who voted “no” are not anti-Europe.
In a speech at Zappeio Hall, Tsipras’s coalition partner Panos Kammenos hailed “a very important day for Greece and Europe.” “It marks the end of the post-dictatorship era,” he said, pointing to the failure of the two main parties that dominated the political scene over the past 40 years, ND and PASOK. “We are not anti-European,” he declared.
The head of the Greek Communist Party (KKE), Dimitris Koutsoumbas, hailed the Greeks who, instead of voting “yes” or “no,” cast the illegal ballot that was drawn up by his party. “From the very beginning, we said that the referendum is a false dilemma,” Koutsoumbas said. “We were vindicated,” he said. He added that Greeks did not have “real alternatives that are beneficial for the people.”
Remember if it's a no vote that come Monday they will be at the negotiating table again.
So like I keep telling you hold onto your shares
3:30 pm Greek time vote is 50/50
Dumb Germans send TV crew to monitor referendum:::
This has to be the dumbest thing yet.
It's like sending a bunch of sheep into a wolves den.
By Melanie Hall, Berlin
3:52PM BST 05 Jul 2015
Camera crew from German broadcaster ZDF caught up in violent demonstrations in Athens
Protesters threw stones "the size of fists" at a German television camera crew as demonstrations in Athens descended into violence.
The crew from German broadcaster ZDF had been queuing next to a group of photographers near the podium at a "no" vote rally in Syntagma Square when they were recognised and pelted with marble stones.
60 % YES 40 % NO ..1 hour ago
The euro zone has stated that if there's a no vote it will still keep negotiating afterwards.
So for us shareholders it's a win-win situation no matter what the vote is.
Worst thing that can happen if it's NO is that NBG will go back down to $1. But who cares...how many times have we been there already
They had a rally for the no side in Montreal Canada today. Only 300 people showed up.
That would I mean the other thousands are voting yes.
Anyway,like I said, it doesn't matter if it's a yes or no there is still going to be negotiations happening afterwards so shareholders win both ways
The euro zone has stated that if there's a no vote it will still keep negotiating afterwards.
So for us shareholders it's a win-win situation no matter what the vote is
I figured out why Tsipras is asking the people to vote no....
He knows the people are going to vote yes...
This way no one can blame him
In an interview with Greek state television, Varoufakis said that Athens was willing to accept "strict" conditions of a new bailout package, if in exchange the sustainability of Greece's debt were guaranteed.
He added that, once a deal between Athens and its creditors is reached, the European Central Bank would once more raise the level of funding it gives Greek banks, and the "liquidity would be restored."
"The Greek bank situation will return to normal soon after a deal is reached," Varoufakis said.
Athens stock exchange is closed Monday. And I think it will remain closed until it's known whether there's a deal or not
Are Greek banks closed or open on Monday. I'd like to know because if the US is taking Monday as a holiday we won't be able to trade NBG
Very good points. He's definitely using every trick in the book.
One thing for sure, going on TV telling the people to vote no is just a scare tactic to get the euro zone to give him what he wants. He's going to use that "no"till the very last minute before the referendum to see if the zone breaks. Only one thing can happen here and that's the Greeks will stay in the euro zone.... either by way of Tsipras signing a deal or with the referendum being a yes
Tsipras is coined Dr. Jekyll and Mr. Hyde from now on
Dr. Jekyll and Mr. Hyde is (are) at it again. Tsipras tells the euro zone he wants a deal.
Yet he goes on TV and tells the people to vote no
Tsipras has probably loaded a ton of NBG... he knew that he was going to go to the last-minute so he's bought all the NBG shares he could afford... now he has to make it look good and seal the deal the last minute. He's going to be a multi millionaire and doesn't need his position... wouldn't put it past the guy...
He probably had a close friend by the shares so he wouldn't get caught lol
More crap:The head of the Council of Europe, Europe’s top human rights institution, says Greece’s referendum would fall short of international standards if held as planned on Sunday.
Council of Europe Secretary General Thorbjorn Jagland told The Associated Press that international standards recommend that a referendum be held with at least two weeks’ notice to allow sufficient time for discussion, with a clear question put to the people and with international observers monitoring the vote.
Greece’s referendum on whether to accept creditor demands in return for bailout funds was called Saturday, and there has been confusion as to whether the result of a “no” vote as the government recommends would lead the country out of the 19-nation eurozone.
The vote “has been called on such a short notice, that this in itself is a major problem,” Jagland said Wednesday by phone from Lisbon, Portugal. “And also the fact that the questions that are put to the people ... are not very clear.” [AP]
The 2 groups are fighting like kids
The stupidity continues :Now they're saying the deal Greece excepted today expired Tuesday night...
UP 18% IN GREECE !!!!!
Greek Prime Minister Alexis Tsipras has offered to accept proposals from the nation’s creditors to end a standoff over its bailout program, subject to certain conditions.
The proposal was contained in a letter from Tsipras dated June 30 to his creditors and obtained by Bloomberg. [Bloomberg]
FRANKFURT, Germany – Greece on Tuesday added its name to a roster that includes some of the world’s poorest and worst governed nations, including Iraq, Sudan, Somalia and Zimbabwe.
Those are a few of the countries that have missed payments to the International Monetary Fund — as Greece did Tuesday, when it failed to make a loan payment of about 1.5 billion euros, or $1.7 billion, to the fund.
Another meeting today:France will still try to reach a goal with Greece before a referendum on Sunday, French Finance Minister Michel Sapin said on Wednesday, hours before eurozone finance ministers hold their second conference call in two days to discuss Greece.
"Our aim is to find an agreement, before the referendum if possible," Michel Sapin told RTL radio.
"Our aim is to see until the last minute whether it's possible to find a deal that paves the way for a return to stability in Greece and would reassure Europe and the world," he said.
It is unclear how much the Wednesday call could achieve. German Chancellor Angela Merkel has ruled out further negotiations until after Sunday's referendum.
Sapin said it was incredibly complicated to find a deal and that smaller EU countries which had gone through painful reforms had taken the toughest approach toward Greece.
He said that a no vote in Greece would risk causing a Greek exit from the eurozone but added: "Even if the no wins, France's role would be to do everything to keep (Greece) in the eurozone." [Reuters]
there were two other small countries that didn't make payments
Actually I was being modest. if a new government is elected in Greece you know they will do everything the euro zone asks....
We're talking about world war money not euro zone money
A few weeks ago this was in the news and Greece said it was 360 billion that was owed to them by Germany because of the war
If Tsipras resigns and deal is done NBG $10 in 3 months
Greece got scammed 40 years ago... Do you think it was brought up by the present government for nothing. After the deal is done you will see Greece going after the money
When the deal is done you will see Greece going after the war money.
Then for sure it's time to buy
One more thing about Germany. The real reason Germany is doing well financially is because of all the money they stole from countries they occupied during the war. They took that money and bought brainiacs from all over the world to come into the country and develop this and that . If this didn't happen they would still be the barbarians they were before the Romans civilized them
The main reason Germany is pissed is because they know that Greece is going after the war time money that Germany stole from Greek banks during the war. This is going to happen after the deal is made with the euro zone.... if they can get even a small percentage of the over $300 billion Germany owes them it'll go to pay off debt
Must read :Greece reconsidering Euro offer today...
Get into NBG (national Bank of Greece).. $1....
Went down 30% yesterday and could go to $2 this week and &3 by mid July
MUST READ: Greece may be excepting euro zone offer today...
Get into national Bank of Greece. ...NBG....
Already up over 10 %in premarket
Told you guys to keep your shares