Greece May Be First EU Default

July 15th, 2015, 01:40 PM

LOL of the day:

Greek parliamentary speaker announces that the voting could
take place tomorrow morning.

July 15th, 2015, 02:00 PM

Malthus

Almost all the other parties are going to vote "yes" so they only need a small part of Syriza to vote for it (40 out of 162).

There are x further Greek reform bills to adopt and implement in the weeks and months ahead.
This Syriza farce - half a year of talking large and whiny failure to act up to now - can't go on forever.
Either a government has a majority and works with it or it is told to get packing.

July 15th, 2015, 04:21 PM

According to the Greek journalist Liana Spyropoulou in Athens, 3 party leaders including Tsipras
won't speak in parliament tonight in order to make up for the delays caused by ultra-leftist speaker of
parliament Zoe Konstantopoulou so that the deadline still could be met.

July 15th, 2015, 05:46 PM

choke35

Either a government has a majority and works with it or it is told to get packing.

That's not the case in many European countries, it seems - and of course also not the case in the European parliament itself?

July 15th, 2015, 06:00 PM

Tymbeline

That's not the case in many European countries, it seems - and of course also not the case in the European parliament itself?

A more correct wording would probably be :

Either the coalition in a government has a majority and works with it,
or the government is unable to govern and elections are necessary to establish a new coalition ...

Per definition a coalition should be bigger than a opposition

July 15th, 2015, 06:01 PM

Tymbeline

That's not the case in many European countries, it seems - and of course also not the case in the European parliament itself?

For short periods some countries of the EU had minority governments, mostly Danmark.
In all other EU countries the half-life of these experiments was minuscule.

The European parliament certainly isn't an example because only a Commission exists
with very limited executive power, but no European government.

July 15th, 2015, 06:27 PM

choke35

According to the Greek journalist Liana Spyropoulou in Athens, 3 party leaders including Tsipras
won't speak in parliament tonight in order to make up for the delays caused by ultra-leftist speaker of
parliament Zoe Konstantopoulou so that the deadline still could be met.

And backpedaling again: Now Tsipras speaks in parliament again since the deadline is missed anyway but
the creditors will accept results that are available before today's working hours start.

Eurogroup conference call on Greece scheduled @ 1000CET.

July 15th, 2015, 06:44 PM

With ~ +10% and making up for yesterday's losses, GREK (FTSE Greece 20 ETF) anticipates a party:

July 15th, 2015, 07:00 PM

Approved
Send me the cash...

July 16th, 2015, 06:58 AM

rleplae

A more correct wording would probably be :

Either the coalition in a government has a majority and works with it, or the government is unable to govern and elections are necessary to establish a new coalition ...

Most European countries have had coalition governments for most of the last 40 years.

At the moment, Cameron's UK government (with his slender majority of just 12 seats out of 650) is one of only three out of Europe's 28 countries with a single party majority: How coalitions dominate Europe: David Cameron's majority makes UK one of only three single party governments | City A.M.

Greece May Be First EU Default

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Greece May Be First EU Default