MercoPress. South Atlantic News Agency
IMF admits mistakes in Greece, fearing the spill of problems to the rest of Europe
The International Monetary Fund admitted it had to lower its normal standards for debt sustainability to bail out Greece, and its projections for the Greek economy may have been overly optimistic. Read full article
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Disclaimer & comment rulesI'll admit I don't know about La Garde's background, but she is starting to seem pretty spineless, irresponsible, and corrupt.
Jun 07th, 2013 - 02:53 am - Link - Report abuse 0Oh come on, what mistakes, they knew what they were doing. It's the same as they done in Argentina 2001 (Argentina was practice area and is the great example for what Europe and the US will face if we all don't stop them, now). Cyprus already got burned (remember, they already took over the people's ...who is next? Spain, the big one Italy and slowly go up north, after Britain, the big price...US. This is the plan folks, wake up, they want your money, because they, IMF (share holders are the mega banks) are broke. Stop with the left vs right, it's fake. The “new trade deals” aren't to create jobs, they are created to strip the people off their workers rights..you get it? to make us poor to go back to the good old days..Feudalism (code word: neo liberalism). Open your eyes.
Jun 07th, 2013 - 05:21 am - Link - Report abuse 01 bushpilot:
Jun 07th, 2013 - 08:09 am - Link - Report abuse 0How so? I defy anyone ( individual or institution ) to come up with a reasonable, workable solution for dealing with Greece. It is an unprecedented nightmare. Even God is scratching his head right now wondering whether he got it wrong about the concept of free will.
Greece was/is a problem. But there is a solution. The “problem” started when the EU dictatorship told Greece it was okay to “cook” its books in order to join the EU. No doubt it held out the promise of lots of lovely free money. Problem was that Greece not only “cooked” its books, it told its population about the free money. Forgetting to mention that anything “free” is worth what you pay for it. The Greek people took their government at its word and spent. And spent. And spent. But, in reality, what does Greece actually have apart from tourism? So a couple of years where Mr & Mrs Average, Herr Flick, Senor Corrida and Mr Whippy don't turn up and all bets are off! A return to economic stability can be seen if: they stop smashing plates; don't try to rip off the tourists - it's not a country cottage, it's a shack; boat trips where the boat sinks are not popular - especially if the captain is shagging one of the passengers at the time; riots are not a tourist attraction. The idea is to live within your means. Charging €15 to see some old stones doesn't work. €2 is realistic. Proper food at a proper price. Divide national income by population and that's the national wage. You can't be a shipping “magnate” if you only have a rowboat. Stop going out in the sun without a hat. Very manly-looking but it fries your brains. Just look at latinoamerica!
Jun 07th, 2013 - 11:37 am - Link - Report abuse 04 Conqueror
Jun 07th, 2013 - 02:34 pm - Link - Report abuse 0I wish you were taking over from King instead of this Carney character (ex MD Investment Banking GOLDMAN SACHS).
@Fido Dido
Jun 10th, 2013 - 12:56 pm - Link - Report abuse 0What you say here makes perfect sense so why do you ruin your credibility by supporting the oligarchs - the increasingly rich CFK mob- that run Argentina?
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