The Greek situation is "evolving."
Remaining in the Troika seems an increasingly hard sell internally for the IMF, because non-European IMF creditor countries view the IMF's position on Greece as a violation of its policies elsewhere of not making loans to countries with unsustainable debts.Wikileaks
IMF Internal Meeting Predicts Greek 'Disaster', Threatens to Leave Troika
Julian Assange
h/t Don Quijones at Raging Bull-Shit
Well the IMF doesnt have a fiscal backup... or at least a reliable fiscal backup...
ReplyDeleteIf they were to lose their asses in Greece and then they would think they could go to the US Congress to get some more USDs via an appropriation they would be dreaming...
So perhaps some political realism from the IMF here... they want out of any deal...
Could even be the US put pressure on LaGarde.
ReplyDeleteThe feeling is that the German banks created this thing or at least played a big part in it. They should eat it rather than non-euro countries (read the US as major contributor to the IMF fund).
Isn't the Euro ultimately in the interest of the US, since it mostly emasculates Europe?
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