IMF asks for “a bit more time” for Greece and Spain but Germany says it will affect confidence

Thursday, October 11th 2012 - 23:28 UTC

Full article 4 comments

The IMF on Thursday backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good. Read full article

Comments

Disclaimer & comment rules

Teaboy2
”“When you want to climb a big mountain and you start climbing down then the mountain will get even higher.” - No it wont, the height of the mountain is a constance, it doesn't grow, it only seems like a longer way to the top the further you are from the top.

What the IMF is saying is curb the reductions or risk lower growth, the lower the growth the lower you are on the mountain anyway. Balance reductions with growth and it equals out putting you halfway to the top of the mountain allow you to build a platform in order to climb to the top. Its not rocket science - I sometimes wonder what the hell germany is playing at, they seem to stick their noses into everyones economic and national interests these day as if they ruled the world!
Oct 12th, 2012 - 04:12 am - Link - Report abuse 0
-+
eusebio
Comment removed by the editor.
Oct 12th, 2012 - 10:41 am - Link - Report abuse 0
-+
ChrisR
Screw Spain and Greece.

Spain is using stupidity in place of logic over Gibraltar and has thus demonstrated they are as suitable as Greece to receive funds.

Let them go hang, the pair of them.
Oct 15th, 2012 - 01:50 pm - Link - Report abuse 0
-+
Pirat-Hunter
O well i guess IMF plan worked perfectly, more loans, more austerity and more privatization of major resources coming next
Theft, hunger and poverty onyone?
http://www.truthinmedia.org/Bulletins2002/2-2.html
Oct 18th, 2012 - 08:24 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!