Thanks My Ladies For letting us share from your Private Chatroom today
Sager: Greece hasn't been extended, has it?
PrincessDD: Looks like they gave them until Sunday
> [Tuesday, June 30, 2015 4:25:46 PM Princess DD] Greece To Default On IMF Debt As Merkel Rules Out Fresh Negotiations Until After Referendum
This is it. Sunday on the Referendum
There will be no more negotiations with Greece until after Sunday’s referendum, German Chancellor Angela Merkel said on Tuesday, leaving the Mediterranean country certain to default on its debt to the IMF.
But I think they have defaulted even though its not in the news just yet
Sager: I think these negotiations are aside from the debt owed to imf….I think they still had until 5pm est
MY LADIES: RIGHT THEY ARE DEFAULTING ON IMF BUT WANT TO TRY TO RESTRUCTURE DEBT WITH EU AND ECB..
AGAIN IT IS JUST PUSH ME PULL YOU...SO NO MATTER WHAT HAPPENS HE CAN SAY TO THE COUNTRY I JUST TRIED EVERYTHING AND THEY WERE MEAN TO ME AND THEY PULLED MY HAIR TOO...LOL..
AW: Greek banks remain closed for euro crisis .........ATHENS — Greece is waking up to a second day of closed banks as the country prepares to hold a referendum on the terms of an international bailout deal.
Both the Greek government and Eurozone creditors say the door is still open for talks, but neither side has indicated major concessions could be made ahead of a Wednesday expiration date for Greece's current aid program.
In an interview with Greek television, Prime Minister Alexis Tsipras urged his country to say no to the terms of an international rescue deal being put to a referendum next week despite Eurozone leaders warning on Monday that a no vote would mean an exit from the euro.
"The cost is immense. Their plan is not to kick us out, their plan was to end hope that in Europe there can be an alternative policy," Tsipras said.
Sandra Gathmann, reporting for Rudaw from Athens, has more on the story in the above video. .. http://rudaw.net/english/world/300620153
AW: Read the third paragraph..........the Greek Prime Minister is urging the country to reject the bailout........WOW…… Socialism at it's finest hour.
MY LADIES: RIGHT NOW IT'S THE BEST OPTION FOR THE YOUNG GREEKS...THERE IS NO REAL BUSINESS IN GREECE OR ROOM FOR GROWTH THE WAY IT IS NOW.
THE BEST THING IS TO EXIT AND START AGAIN..
GREECE CAN RAISE THE MONEY EASY ENOUGH...THAT IS NOT THE ISSUE...THEY ARE CHALLENGING THE LEGALITY OF THE DEBT AND THE TERMS
Having mentioned Greece he was asked whether he believes the Greeks have anything to lose, an idea on which he quickly poured cold water:
“I think the Greeks have everything to gain. I think you only have to look at what happened to Iceland back in ’08/9 to see that if a country is in real trouble, as the Icelandics were and Greece is, that actually devaluation, default and then if you put in place some sensible economic policies, actually you can get a country back to growth fairly quickly.
PrincessDD: And he believes they are being blackmailed and he is refusing to give into blackmail
MY LADIES: AND THEY ARE BEING BLACK MAILED AND PRESSURED
[5:10 PM] MODELLER52: Greece officially defaults on $2.3b payment to IMF as deadline passes
Greece has defaulted on a A$2.3 billion repayment to the International Monetary Fund, as the deadline to accept a bailout package passed this morning.
The country's failure to repay the €1.5 billion debt makes it the first developed natiion to ever default on a loan from the IMF.
MY LADIES: THANK YOU GOOD TO HEAR FROM YOU AND AUSTRALIA
MODELLER52: I will keep an eye on what our markets do, but NZ should be open now
MY LADIES: DOUBLE WHAMMY TO GREECE... IMF MISSED PAYMENT AND EUROZONE BAILOUT EXPIRED AT THE SAME TIME
Greece debt crisis: IMF payment missed as bailout expires
But the ministers said they would discuss a last-minute suggestion from Greece for a new bailout programme.
Greece is the first advanced country to fail to repay a loan to the IMF and is now formally in arrears.
There are fears that this could put Greece at risk of leaving the euro.
With the eurozone bailout expired, Greece no longer has access to billions of euros in funds and could not meet its IMF repayment.
PrincessDD: Wow so that must have been wishful thinking to give them to Sunday.
MY LADIES: NO….DIFFERENT ZEBRAS...THE FIRST ONE IS THE IMF, THATS OVER AND DONE DEFAULT
THE SECOND ZEBRA IS THE EUROZONE BAILOUT PACKAGE THEY ALREADY RECEIVED, THEY WANT TO RESTRUCTURE THE TERMS OF THAT...
YOU KNOW LIKE A LOAN MODIFICATION ON YOUR HOME.
IQD NOVA: NEXT BIG PAYMENT FOR GREECE IS JULY 20th TO THE ECB!!!
PrincessDD: Is that one they would want to make? or they just planning to skip that one too?
IQD NOVA: DONT KNOW. THE 5th WILL TELL US A LOT. IF THEY GO THEN I SAY THEY WILL TELL THE ECB TO EAT SH..... !!! IF THEY STAY DONT KNOW WHAT WILL HAPPEN.