Re:Real time Greek referendum results
by Xylakant on Sunday July 05, 2015 @03:24PM
(#9834602)
The debt/GDP ratio is not really important. The more important figure is the percentage used for debt/interest service in relation to the GDP. This figure is actually quite low since the loans handed out by the eurogroups are extremely favorable. They effectively constitute a haircut in all but using the word.
I sincerely doubt that the creditors will backpedal. One of the primary problems with getting a deal is that any deal they could get would need to be approved by the german parliament. The german parliament went into summer break at the end of june and won't return until end of august. The other problem is that the greek negotiation tactics burnt a lot of bridges. I sincerely support their cause, but I can't see them make any more headway than they did before. They're proclaiming results within 48 hours - if that's not delusional I don't know what is.
I sincerely doubt that the creditors will backpedal. One of the primary problems with getting a deal is that any deal they could get would need to be approved by the german parliament. The german parliament went into summer break at the end of june and won't return until end of august. The other problem is that the greek negotiation tactics burnt a lot of bridges. I sincerely support their cause, but I can't see them make any more headway than they did before. They're proclaiming results within 48 hours - if that's not delusional I don't know what is.