[Jabberwalker]

BartSimpson BartSimpson:

I just don't see this ending well for Greece. If the Euroweenies back down then they'll be facing the same problems with Ireland, Spain, Italy, and Portugal.

Yup.

There is Greece is on a slippery slope.

[martin14]

Jabberwalker Jabberwalker:

BartSimpson BartSimpson:

I just don't see this ending well for Greece. If the Euroweenies back down then they'll be facing the same problems with Ireland, Spain, Italy, and Portugal.

Yup.

There is Greece is on a slippery slope.

There is Grease on the Greece slipping on the slippery slope.

from Twitter etal, another damn mess.

$1:

Robert Peston

BBC economics editor

tweets: "@fhollande It is up to the Greeks to find the answer (ie how to stay in euro) - as soon as tomorrow morning."
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Plan B
Posted at 22:03

Austrian Chancellor Werner Faymann warns that if there were no deal is agreed on Sunday, eurozone governments would have to prepare "Plan B" - the code for Greece losing all access to euros and so finding itself excluded from the currency area, Reuters reports.
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Bankruptcy warning
Posted at 22:02

European Council President Donald Tusk warns there are just five days left to find a solution to the Greek debt crisis or there will be painful consequences.

He says a Greek bankruptcy and the collapse of the Greek banking system would affect the whole of Europe, and anyone who thought otherwise was naive.
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Posted at 22:01

"The ball is in Greece's court," Italian PM Matteo Renzi says. "Next Sunday the final meeting will take place on Greece... I am not pessimistic".
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Posted at 21:59

Greece needs a new debt programme lasting several years, not a short-term fix to get it through the immediate crisis, the German chancellor says.
AP
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Posted at 21:57

Mrs Merkel also stresses that there can be no question of a "debt haircut" for Greece, saying it would be illegal under the EU treaty.
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'Serious candid discussion'
Posted at 21:53

Mrs Merkel says the eurozone leaders had a "serious, candid discussion" that "reflected the seriousness of the situation at hand". The leaders "obviously respect the results of the referendum" in Greece, the chancellor adds, but they had a "shared responsibility" for the EU.
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Posted at 21:53

As the sun set on Athens at the end of a beautiful Greek summer's day, it may for a moment have been difficult to believe that the country's is facing a major economic crisis.
Reuters
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Via Twitter

Chris Morris

BBC News, Brussels

tweets: "#Tusk said summit notes that Eurozone authorities stand ready to preserve stability of euro area."
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Posted at 21:42

German Chancellor Angela Merkel has called for a full 28-nation EU summit Sunday to discuss aid to Greece. She says it shows how urgent the situation is, Reuters reports.
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Via Twitter
Posted at 21:39

More from Mr Renzi, who says the summit on Sunday will be "decisive", the BBC's Gavin Hewitt tweets. "In Greece the banks remain the key."
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BreakingBreaking News

The eurozone leaders will wait until Sunday for Greece to submit new proposals on the country's debt crisis, Italian PM Matteo Renzi says.
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It's the first time they mention Plan B, which is to get Greece out of the Euro.

Since all 28 EU members meet on Sunday, they will either:

Ask for money from non Euro members to help Greece,
Haircut every bank account in the EU to pay for Greece,

or say bye bye Greece. They need to leave the EU to be booted from the Euro.

It also gives Greece time to get the drachma presses fired up.
The fact that the new Greek Finance Minister showed up today with absolutely no plan
apart from some hotel notes that said 'don't appear triumphant', speaks volumes


Gotta hand it to Merkel, she has much bigger balls than Obongo.

[Jabberwalker]

Bye bye Greece.

Incompetents.

[Freakinoldguy]

No problem. Greece has a plan "B".


They intend to become a satellite country in the new Soviet Union under Vlad the Dear Leaders benevolent guidance.

So I can hardly wait for Alexis Tsipras to break up with the European Union on Facebook or twitter.

I can see it now.

$1:

Fuck you EU, you're to bossy and won't let me have all the things I deserve so, I found someone who will.

He promised me lots and lots of money and all I have to do is, swallow.

Love Greece

[Jabberwalker]

Freakinoldguy Freakinoldguy:

No problem. Greece has a plan "B".


They intend to become a satellite country in the new Soviet Union under Vlad the Dear Leaders benevolent guidance.

So I can hardly wait for Alexis Tsipras to break up with the European Union on Facebook or twitter.

I can see it now.

$1:

Fuck you EU, you're to bossy and won't let me have all the things I deserve so, I found someone who will.

He promised me lots and lots of money and all I have to do is, swallow.

Love Greece

Pitch 'em out of NATO as well as the Euro Zone.

Will anybody miss them?

[BartSimpson]

If the Greeks leave NATO and the EU and the Eurozone then two things will certainly happen:

1. Greece will instantly cozy up to Russia because the Greeks correctly fear a hostile and resurgent Turkey.

2. The Greek nationalist party (Golden Dawn) will predictably take control of the country, kick the Muslims TFO, and then arm themselves against the Muslims in Macedonia.

After that is anyone's guess.


************

Edit: How the EU and NATO treat Greece will be watched and noted by the people of Iceland, Ireland, Spain, Portugal, and Italy. If there are punitive acts made by a tyrannical EU then I can imagine the other countries leaving the EU and the Euro of their own accord.

Bear in mind that a number of Euroweenies have said that Greece is not allowed to leave the EU even if they want to. To me that's a threat of military action.

[QBall]

[Jabberwalker]

BartSimpson BartSimpson:

If the Greeks leave NATO and the EU and the Eurozone then two things will certainly happen:

1. Greece will instantly cozy up to Russia because the Greeks correctly fear a hostile and resurgent Turkey.

2. The Greek nationalist party (Golden Dawn) will predictably take control of the country, kick the Muslims TFO, and then arm themselves against the Muslims in Macedonia.

After that is anyone's guess.


************

Edit: How the EU and NATO treat Greece will be watched and noted by the people of Iceland, Ireland, Spain, Portugal, and Italy. If there are punitive acts made by a tyrannical EU then I can imagine the other countries leaving the EU and the Euro of their own accord.

Bear in mind that a number of Euroweenies have said that Greece is not allowed to leave the EU even if they want to. To me that's a threat of military action.

Besides, the Russians will do anything the secure another seaport for its Navy. The one in Syria is .... well, vulnerable and they are only ever just a few days away from an IS drive taking the place and Russian sailors are losing their heads in the desert.

If Russian warships start tying up in Greece (and it is actually possible) we should consider closing our embassies there, too.