Varexit – Greeks Sacrifice Euro Antagonist In Bid To Secure Deal
By: GoldCore
GoldSeek.com
Monday, 6 July 2015
– Brave Greeks vote overwhelmingly against austerity
– Varoufakis resigns to clear air for next phase of negotiations
– We think a Greek debt deal is highly likely over the next few days
– EU elites had hoped “yes” vote would force the replacement of Syriza with unelected technocratic experts
– Syriza may nationalize banks to protect depositors from “bail-ins”
– UK slashes Deposit Insurance from £85,000 to £75,000
– Europe and the world now in uncharted waters, gold will protect
The Greek people have voted overwhelmingly against using austerity as a tool to somehow normalise their economy in a world where normality no longer applies, on any level, to economic policy.
Yanis Varoufakis, the Greek Finance Minister, has announced his shock resignation this morning. This, despite the vote of confidence that yesterday’s result is for Syriza’s policies.
It is believed that his absence from the next phase of negotiations will clear the air with Greece’s “partners”. He had managed to antagonise most of his European counterparts by speaking bluntly about the problems facing Greece – both internally and externally.
The “no” vote carried despite blanket coverage in the private media that such an outcome would be disastrous for Greece – which it may yet be.
However, the alternative would be to allow the EU continue to kick the can down the road until conditions for ordinary Greeks become so intolerable that they would be faced with the same option some time in the not too distant future.
Christine Lagarde has gone on record to say that Greece’s debts are unpayable. For Syriza – and the Greek people apparently – there is absolutely no advantage to be gained in taking on more austerity without some of their debt being written off. It offers no long-term solutions to their suffering.
The Rest…HERE
