Mr Varoufakis Has Resigned !

[mikey4444]

Varoufakis has fallen on his sword here, without doubt. With him in place, any further negotiations would have been impossible.

I shall miss his outbursts of drivel though !

[Peter Pedant]

it seems from his blog that someone threw him onto his sword - to wit the other clown Tsipras.

The creditors may just wait until the euros run out and the Geeks are forced to use a temporary currency - let us call it a drachma/ or bit coin - trading at two to one

Germany has said Tsipras has driven the Geek economy into a wall
however look at the live lead from Athens - the cheap wine is still flowing

[Canary42]

I wonder if Cameron would act similarly should his referendum go against his recommendation. That's if it ever takes place.

Boris awaits.

[ToraToraTora]

what an odious peice of excretia, "I wear my creditors loating with pride"! He and the other clown have lead the bubbles over a cliff. He then resigns just after taking the *** out of the rest of the Eurozone. I hope Angie is suitably stern, I think the Euro can stand a grexit, they should just amputate this useless limb and carry on.

[VHG]

Greek Finance Minister - Is this currently the worst job in the world?

[VHG]

Can anyone tell me what the Greeks are currently celebrating?

They are massively in debt, they need to borrow money from anyone and everyone, but they vote No and then celebrate it?

It is like a family in England being in debt, and then asking the family to vote YES to pay off the debt or NO to not pay off the debt.

Of course the family will vote No, but they still have the debt.

What is there to celebrate?

[ToraToraTora]

they seem to think that voting NO will induce some sort of fairy godmother to come down and wave a magic wand and make it all nice!

[bazwillrun]

Well ive spoken to a greek friend and they know theres hard times ahead , but they also know this a chance to get greece back from the eussr, have their countrys future in their hands as a country and not invaded by germany, because thats fundamentally whats happening with merkel at the helm.....

they had enough of the germans in WWII.....lesson learnt

[elgreco]

What a load of tosh. Germans come here on extended holidays and spend loads of euros. The Greeks are all over them. Smarmy is too nice a word for it. The no vote was a vote to keep the smart phones and the BMW. There is a generation here who have never picked an olive in their life and have no intention of doing so in the future.

[VHG]

>>>have their countrys future in their hands as a country and not invaded by germany,

But in THEIR hands as a country the people avoid paying taxes, work in the black economy, retire early, and the country are always in debt.

So they rely on the EU and others to constantly bail them out.

If it was not for the like of Germany and others in the EU they wold have been down the pan years ago.

[Ellipsis]

This was a no-win vote - damned if you do, damned if you don't.

The Greeks have "benefited" by being able to borrow far more than they as a nation state should have been allowed to borrow (they're paying for it now). But the Germans have also benefited from being able to export using a currency whose value is much lower than a German-only currency would have been.

IMO it was a big mistake for the Greeks to enter the Euro and the sooner they exit it the better for all concerned. Of course it will also be costly for all concerned, but so would staying in. These are the costs for the original error of letting them join the Euro in the first place. They need to exit.