Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Latest

What does the YES vote mean? What does the NO vote mean? Greeks face confusion amid Sunday’s referendum

The crisis ballot on a European bailout proposal comes down to 68 word question and two financial / technical documents that may have Greek citizens a bit confused as to what happens after the referendum results are announced.

Alex Christoforou

Published

on

If the referendum goes along as scheduled (reports suggest it might be rolled back), Greeks are struggling to find meaning with the choice they are being asked to make come Sunday.

The governing SYRIZA party has positioned the referendum as a vote on whether to accept the Troika’s proposal…but what exactly would that mean for Greeks voting YES to such a plan? Will things magically go back to normal? Will the austerity they voted YES for result in another memorandum a year down the line, and indefinite loans to keep afloat?

If Greeks vote NO, then what? Is a new proposal going to surface? Will both parties restart negotiations?

The EU has cleverly positioned the referendum as a vote on whether to stay in the Euro. Of course no one in Brussels has clarified if this means to stay in the Eurozone or the actual European Union (two very different things).

More questions arise regarding the Euro YES or NO framing of the referendum.

If Greeks vote NO does this give the EU the right to kick Greece out of the Eurozone, but remain in the European Union…or is Greece out of both entities? More importantly since no mechanism exists for “leaving” Europe…who, how, and under what legal premise will all this take place?

Once again if Greeks vote YES, will Brussels see this as capitulation so as to begin heavy austerity measures and full on asset stripping? Will Europe place their own, “Brussels friendly” puppet leader (as they have done once before in Greece and in Italy) in order to secure the country’s assets and avoid another mini uprising? Will the EU see this as a green light for full-on colonisation?

The 68-word ballot question mentions four international institutions and asks Greek voters for their opinion on two technical documents that were not made public before the referendum call.

The referendum question translated into English:

“Greek people are hereby asked to decide whether they accept a draft agreement document submitted by the European Commission, the European Central Bank and the International Monetary Fund, at the Eurogroup meeting held on on June 25 and which consists of two documents:

‘‘The first document is called Reforms for the Completion of the Current Program and Beyond and the second document is called Preliminary Debt Sustainability Analysis.

‘‘- Those citizens who reject the institutions’ proposal vote Not Approved / NO

 ‘‘- Those citizens who accept the institutions’ proposal vote Approved / YES.’’

Via Bloomberg…

“If we go back to the drachma, then what?” asks George Beltas, a 75-year-old retired construction worker in the Greek city of Patras.

Greek Prime Minister Alexis Tsipras has called a surprise referendum for Sunday on how much more austerity his country is willing to endure, and Beltas is struggling to make sense of it all.

The ballot question, formally presented on Monday afternoon, loosely translates as: “Should we accept the proposal submitted on June 26, 2015, by the Eurogroup, European Central Bank, and the International Monetary Fund?” Whether in Greek or English, voters say, the referendum is confusing, referring to a “plan of agreement … composed of two parts,” attaching two complex documents in English and not clearly explaining anything.

“Yes or no, that’s what they tell us the choice is,” Beltas says. “But they’re not saying what will happen later. … What will the government do after the vote?” He plans to vote yes.

“People don’t understand what they’re voting for,” says George, an attorney in Athens who asks that his last name not be used. “Many think it’s voting for Tsipras or voting against Tsipras. Or they say: ‘I want to stay in Europe, whatever this means.’ Everyone, the Greek people, the government, the Europeans, interprets the question in their own way. That’s the problem.”

Tsipras isn’t rushing to clear it up. In fact, things could get more confusing. His government today asked the EU for a two-year bailout, hours after the Greek daily newspaper Kathimerini cited unnamed sources saying that Tsipras was reconsidering a last-ditch offer proposed by European Commission President Jean-Claude Juncker.

Negotiations have dragged for six months over how to manage Greece’s €312 billion ($350 billion) debt. They broke down late on Friday, when Tsipras surprised even his own government with a call for a referendum. The prime minister and his Syriza party leaders are encouraging voters to answer no (Όχι!) on Sunday and have taken to Twitter and other social and news media to describe the lenders’ stance toward Greece as “blackmail.” “The dignity of the Greeks” is at stake, Tsipras has repeated over the last several days.

Tens of thousands of anti-austerity demonstrators rallied in Athens on Monday night, carrying placards proclaiming “Όχι!” Today, a #YesToEuro rally is also drawing thousands of demonstrators in the Greek capital.

It’s not so simple, says Lilly Papagianni, a publicist with a film distribution company. “It’s a yes-or-no question, but it’s not a yes-or-no situation,” she says. “If we vote, it’s completely uncertain what happens next. What I don’t know and can’t figure out is what the EU really wants to do with Greece. Do they want to deal with us, or do they want to kick us out?”

Papagianni, who didn’t support Tsipras in the January elections, also plans to answer yes. “I didn’t trust him from the beginning because he was appealing to so much desperation, and he was proposing a dream that he couldn’t possibly make good on,” she says. One thing is making her choice easier, Papagianni says: “All I need to know is that no is the way the members of Golden Dawn [Greece’s nationalist, neo-Nazi party] will vote, so I’m comfortable with being on the opposite side of the spectrum from them.”

As of early Tuesday, polling in Greece suggested that no is beating yes, but the situation is volatile, according to Maria Karaklioumi, an Athens-based pollster. “Hour by hour, we’re seeing big shifts in people’s responses, and 15 percent of voters say they’re undecided,” she says. Her polls show support for Tsipras falling. His approval rating is just under 50 percent today; two weeks ago, it was more than 60 percent.

“People don’t trust Tsipras as much,” Karaklioumi says. “He tells us that the vote doesn’t have to do with our presence in the euro zone or not, so they’re afraid of that and don’t trust that.” On the question of whom the Greeks blame for the nation’s crisis, they’re not letting anyone off—they see both the government and the lenders as having created the mess they find themselves in. The deep division among Greeks on how to vote is playing out on social media, with people posting news articles and photos of flyers—anything to explain or sway the vote. An advocacy group for children with cancer posted a flyer to Facebook asking what yes and no mean: “Will their medicines be available? Will the necessary radiation devices be available?”

A deputy to the prime minister, asked in a TV interview on Monday what Greece will do if it fails to make its Tuesday payment of €1.5 billion to the IMF, didn’t answer the question. Finance Minister Yanis Varoufakis confirmed on Tuesday that Greece doesn’t have the money to make the payment, and the lenders said an extension would not be granted. In an interview that aired late Tuesday in Greece, Tsipras said that he’s not an “all-weather prime minister” and that he will resign if fewer than 55 percent of Greeks vote no.

The Greeks have suffered under austerity. Calls for pension cuts by the country’s lenders haven’t let up following a gradual series of reductions over the last few years. The government has raised property and utility taxes. Unemployment is at 25 percent, and it’s nearly double that for younger Greeks.

The latest challenge confronting Greeks is the capital controls imposed over the weekend. Banks are closed and will stay closed until at least Monday. For pensioners  who don’t have bank cards and are due to collect their monthly payments on Tuesday, the Finance Ministry said about 1,000 branches will open on Wednesday for withdrawals capped at €120 (about $135) this week and—after cards are issued—up to €60 a day.

Beltas, the retired construction worker, has a monthly pension of €700, cut by €150 two years ago. He hopes to receive the full payment on Tuesday. That, too, is a source of some confusion.

“I hear the banks will reopen to pay pensioners, and they’ll give us the full amount,” he says, adding that he doesn’t see how long this can go on.

References:

http://www.bloomberg.com/news/articles/2015-06-30/greek-voters-have-just-one-question-what-does-yes-mean-

Liked it? Take a second to support The Duran on Patreon!
Advertisement //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});
10 Comments

10
Leave a Reply

avatar
10 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
0 Comment authors
Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
trackback

ccn2785xdnwdc5bwedsj4wsndb

[…]we came across a cool internet site that you simply could possibly appreciate. Take a search should you want[…]

trackback

c5e7nstcc78e4x5cn7w4567465

[…]here are some links to web-sites that we link to mainly because we assume they are worth visiting[…]

trackback

xcmwnv54ec8tnv5cev5jfdcnv5

[…]here are some hyperlinks to web sites that we link to mainly because we think they may be really worth visiting[…]

trackback

Title

[…]although internet sites we backlink to below are considerably not associated to ours, we feel they’re in fact worth a go by means of, so have a look[…]

trackback

Title

[…]always a significant fan of linking to bloggers that I adore but don’t get quite a bit of link appreciate from[…]

trackback

Title

[…]we came across a cool site that you may take pleasure in. Take a look in the event you want[…]

trackback

Title

[…]although internet sites we backlink to beneath are considerably not connected to ours, we really feel they are truly really worth a go by, so possess a look[…]

trackback

Title

[…]please check out the websites we adhere to, like this 1, as it represents our picks through the web[…]

trackback

Title

[…]below you will uncover the link to some sites that we believe you should visit[…]

trackback

Title

[…]please stop by the web sites we stick to, such as this 1, because it represents our picks in the web[…]

Latest

Is this man the puppet master of Ukraine’s new president or an overhyped bogeyman?

Smiling to himself, Kolomoisky would be within his rights to think that he has never had it so good.

RT

Published

on

By

Via RT…


It doesn’t actually matter if Ukrainian-Israeli billionaire Igor Kolomoisky is the real power behind Volodymyr Zelensky – the president elect has to get rid of the oligarch if he is to make a break with the country’s corrupt past.

The plots, deceits and conflicts of interest in Ukrainian politics are so transparent and hyperbolic, that to say that novice politician Zelensky was a protégé of his long-time employer was not something that required months of local investigative journalism – it was just out there.

Zelensky’s comedy troupe has been on Kolomoisky’s top-rated channel for the past eight years, and his media asset spent every possible resource promoting the contender against incumbent Petro Poroshenko, a personal enemy of the tycoon, who hasn’t even risked entering Ukraine in the past months.

Similarly, the millions and the nous needed to run a presidential campaign in a country of nearly 50 million people had to come from somewhere, and Kolomoisky’s lieutenants were said to be in all key posts. The two issued half-hearted denials that one was a frontman for the other, insisting that they were business partners with a cordial working relationship, but voters had to take their word for it.

Now that the supposed scheme has paid off with Zelensky’s spectacular victory in Sunday’s run-off, Ukrainian voters are asking: what does Kolomoisky want now, and will he be allowed to run the show?

‘One-of-a-kind chancer’

Born in 1963, in a family of two Jewish engineers, Kolomoisky is the type of businessman that was once the staple of the post-Soviet public sphere, but represents a dying breed.

That is, he is not an entrepreneur in the established Western sense at all – he did not go from a Soviet bloc apartment to Lake Geneva villas by inventing a new product, or even setting up an efficient business structure in an existing field.

Rather he is an opportunist who got wealthy by skilfully reading trends as the Soviet economy opened up – selling Western-made computers in the late 1980s – and later when independent Ukraine transitioned to a market economy and Kolomoisky managed to get his hands on a large amount of privatisation vouchers that put many of the juiciest local metals and energy concerns into his hands, which he then modernised.

What he possesses is a chutzpah and unscrupulousness that is rare even among his peers. Vladimir Putin once called him a “one-of-a-kind chancer” who managed to “swindle [Chelsea owner] Roman Abramovich himself.” In the perma-chaos of Ukrainian law and politics, where all moves are always on the table, his tactical acumen has got him ahead.

Kolomoisky’s lifeblood is connections and power rather than any pure profit on the balance sheet, though no one actually knows how that would read, as the Privat Group he part-owns is reported to own over 100 businesses in dozens of Ukrainian spheres through a complex network of offshore companies and obscure intermediaries (“There is no Privat Group, it is a media confection,” the oligarch himself says, straight-faced.)

Unsurprisingly, he has been dabbling in politics for decades, particularly following the first Orange Revolution in 2004. Though the vehicles for his support have not been noted for a particular ideological consistency – in reportedly backing Viktor Yushchenko, then Yulia Tymoshenko, he was merely putting his millions on what he thought would be a winning horse.

Grasp exceeds reach

But at some point in the post-Maidan euphoria, Kolomoisky’s narcissism got the better of him, and he accepted a post as the governor of his home region of Dnepropetrovsk, in 2014.

The qualities that might have made him a tolerable rogue on TV, began to grate in a more official role. From his penchant for using the political arena to settle his business disputes, to creating his own paramilitary force by sponsoring anti-Russian battalions out of his own pocket, to his somewhat charmless habit of grilling and threatening to put in prison those less powerful than him in fits of pique (“You wait for me out here like a wife for a cheating husband,” begins a viral expletive-strewn rant against an overwhelmed Radio Free Europe reporter).

There is a temptation here for a comparison with a Donald Trump given a developing country to play with, but for all of the shenanigans, his ideological views have always been relatively straightforward. Despite his Russia-loathing patriotism, not even his fans know what Kolomoisky stands for.

The oligarch fell out with fellow billionaire Poroshenko in early 2015, following a battle over the control of a large oil transport company between the state and the governor. The following year, his Privat Bank, which at one point handled one in four financial transactions in the country was nationalized, though the government said that Kolomoisky had turned it into a mere shell by giving $5 billion of its savings to Privat Group companies.

Other significant assets were seized, the government took to London to launch a case against his international companies, and though never banished, Kolomoisky himself decided it would be safer if he spent as long as necessary jetting between his adopted homes in Switzerland and Tel Aviv, with the occasional trip to London for the foreseeable future.

But the adventurer falls – and rises again. The London case has been dropped due to lack of jurisdiction, and only last week a ruling came shockingly overturning the three-year-old nationalization of Privat Bank.

Smiling to himself, Kolomoisky would be within his rights to think that he has never had it so good.

Own man

Zelensky must disabuse him of that notion.

It doesn’t matter that they are friends. Or what handshake agreements they made beforehand. Or that he travelled to Geneva and Tel-Aviv 13 times in the past two years. Or what kompromat Kolomoisky may or may not have on him. It doesn’t matter that his head of security is the man who, for years, guarded the oligarch, and that he may quite genuinely fear for his own safety (it’s not like nothing bad has ever happened to Ukrainian presidents).

Volodymyr Zelensky is now the leader of a large country, with the backing of 13.5 million voters. It is to them that he promised a break with past bribery, graft and cronyism. Even by tolerating one man – and one who makes Poroshenko look wholesome – next to him, he discredits all of that. He will have the support of the people if he pits himself against the puppet master – no one would have elected Kolomoisky in his stead.

Whether the oligarch is told to stay away, whether Ukraine enables the financial fraud investigation into him that has been opened by the FBI, or if he is just treated to the letter of the law, all will be good enough. This is the first and main test, and millions who were prepared to accept the legal fiction of the independent candidate two months ago, will now want to see reality to match. Zelensky’s TV president protagonist in Servant of the People – also broadcast by Kolomoisky’s channel, obviously, would never have compromised like that.

What hinges on this is not just the fate of Zelensky’s presidency, but the chance for Ukraine to restore battered faith in its democracy shaken by a succession of compromised failures at the helm.

Igor Ogorodnev

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

Roger Waters – The People’s Champion for Freedom

In February 2019, Waters showed his support for the Venezuelan Maduro government and continues to be totally against US regime change plans there.

Richard Galustian

Published

on

Submitted by Richard Galustian 

Roger Waters is one of Britain’s most successful and talented musicians and composers but more importantly is an outstanding champion for freedom in the world, beyond compare to any other artist turned political activist.

By way of background, he co-founded the rock band Pink Floyd in 1965.

A landmark turning point of his political activism occurred in 1990, when Waters staged probably the largest rock concert in history, ‘The Wall – Live in Berlin’, with an attendance of nearly half a million people.

In more recent years Waters famously narrated the 2016 documentary ‘The Occupation of the American Mind: Israel’s Public Relations War in the United States’ about the insidious influence of Zionist Israel to shape American public opinion.

Waters has been an outspoken critic of America’s Neocons and particularly Donald Trump and his policies.

In 2017, Waters condemned Trump’s plan to build a wall separating the United States and Mexico, saying that his band’s iconic famous song, ‘The Wall’ is as he put it “very relevant now with Mr. Trump and all of this talk of building walls and creating as much enmity as possible between races and religions.”

In February 2019, Waters showed his support for the Venezuelan Maduro government and continues to be totally against US regime change plans there, or any place else for that matter.

Here below is a must see recent Roger Waters interview, via satellite from New York, where he speaks brilliantly, succinctly and honestly, unlike no other celebrity, about FREEDOM and the related issues of the day.

The only other artist turned activist, but purely for human rights reasons, as she is apolitical, is the incredible Carla Ortiz.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

ISIS Says Behind Sri Lanka Bombings; Was ‘Retaliation’ For New Zealand Mosque Massacre

ISIS’s claim couldn’t be confirmed and the group has been  known to make “opportunistic” claims in the past, according to WaPo. 

Avatar

Published

on

Via Zerohedge…


Shortly after the death toll from Sunday’s Easter bombings in Sri Lanka climbed above the 300 mark, ISIS validated the Sri Lankan government’s suspicions that a domestic jihadi organization had help from an international terror network while planning the bombings were validated when ISIS took credit for the attacks.

The claim was made via a report from ISIS’s Amaq news agency. Though the group has lost almost all of the territory that was once part of its transnational caliphate, ISIS now boasts cells across the Muslim world, including in North Africa and elsewhere. Before ISIS took credit for the attack, a Sri Lankan official revealed that Sunday’s attacks were intended as retaliation for the killing of 50 Muslims during last month’s mass shooting in Christchurch, New Zealand.

However, the Sri Lankan government didn’t offer any evidence for that claim, or the claim that Sunday’s attacks were planned by two Islamic groups (though that now appears to have been substantiated by ISIS’s claim of responsibility). The group is believed to have worked with the National Tawheed Jamaath, according to the NYT.

“The preliminary investigations have revealed that what happened in Sri Lanka was in retaliation for the attack against Muslims in Christchurch,” State Minister of Defense Ruwan Wijewardene told the Parliament.

Meanwhile, the number of suspects arrested in connection with the attacks had increased to 40 from 24 as of Tuesday. The government had declared a national emergency that allowed it sweeping powers to interrogate and detain suspects.

On Monday, the FBI pledged to send agents to Sri Lanka and provide laboratory support for the investigation.

As the death toll in Sri Lanka climbs, the attack is cementing its position as the deadliest terror attack in the region.

  • 321 (as of now): Sri Lanka bombings, 2019
  • 257 Mumbai attacks, 1993
  • 189 Mumbai train blasts, 2006 166 Mumbai attacks, 2008
  • 151 APS/Peshawar school attack, 2014
  • 149 Mastung/Balochistan election rally attack, 2018

Meanwhile, funeral services for some of the bombing victims began on Tuesday.

Even before ISIS took credit for the attack, analysts told the Washington Post that its unprecedented violence suggested that a well-financed international organization was likely involved.

The bombings on Sunday, however, came with little precedent. Sri Lanka may have endured a ghastly civil war and suicide bombings in the past – some credit the Tamil Tigers with pioneering the tactic – but nothing of this scale. Analysts were stunned by the apparent level of coordination behind the strikes, which occurred around the same time on both sides of the country, and suggested the attacks carried the hallmarks of a more international plot.

“Sri Lanka has never seen this sort of attack – coordinated, multiple, high-casualty – ever before, even with the Tamil Tigers during the course of a brutal civil war,” Alan Keenan, a Sri Lanka expert at the International Crisis Group, told the Financial Times. “I’m not really convinced this is a Sri Lankan thing. I think the dynamics are global, not driven by some indigenous debate. It seems to me to be a different kind of ballgame.”

Hinting at possible ISIS involvement, US Secretary of State Mike Pompeo said during a Monday press conference that “radical Islamic terror” remained a threat even after ISIS’s defeats in Syria.

Of course, ISIS’s claim couldn’t be confirmed and the group has been  known to make “opportunistic” claims in the past, according to WaPo. The extremist group said the attacks were targeting Christians and “coalition countries” and were carried out by fighters from its organization.

Speculation that the government had advanced warning of the attacks, but failed to act amid a power struggle between the country’s president and prime minister, unnerved citizens and contributed to a brewing backlash. Following the bombings, schools and mass had been canceled until at least Monday, with masses called off “until further notice.”

 

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

JOIN OUR YOUTUBE CHANNEL

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Validating payment information...
Waiting for PayPal...
Validating payment information...
Waiting for PayPal...
Advertisement

Advertisement

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement
Advertisement

Advertisement

The Duran Newsletter

Videos

Trending