IMF Director Admits: Greek Bailout Was "To Save German & French Banks"

Tyler Durden's picture

For the first time in public, though practically the entire world assumed it, an official from The IMF has admitted that the various Greek bailouts were not for The Greeks at all... "They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday. As KeepTalkingGreece reports, Batista then went on to strongly criticized not only the euro zone and the European Central Bank but also the IMF and the Fund’s managing Director Christine Lagarde for defending Europe much too much...


Oops! "The Greek issues were not the best handled by The IMF... They put too much of a bruden on Greece and not enough of a burden on Greece's creditors"


Batista thenurged Greece to directly negotiate with the IMF and favored the restructuring of the Greek debt that is been hold by the European partners.

Source: Keep Talking Greece

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Mr Poopra's picture

Banks looking out for themselves at the expense of people's self determination?  This is unbelievable.

Millivanilli's picture

Yep, 81 cents of every buck went to... drumroll.... THE FILTHY BANKSTERS.

kliguy38's picture

if I didn't know better I'd think this was a ponzi............:-)

Greenskeeper_Carl's picture

exactly like I have been saying on here for months(along with many others), but its funny to hear someone admit it.

macholatte's picture



Get your facts first, then you can distort them as you please.

Mark Twain 


If the facts don't fit the theory, change the facts.

Albert Einstein


There are no facts, only interpretations.

Friedrich Nietzsche


TruthInSunshine's picture

Greeks are in no way collectively blameless for their country's problems (as are no nations' citizens), but the banksters are fucking them up the ass real good & hard now.

Portuguese, Italians, Spaniards, Irish, English, Germans, Americans, Canadians - everyone is getting gang raped by the bankster motherfuckers high and hard.

I'd like to see public executions of banksters, by stoning & other such methods.

macholatte's picture


How about this as the half time show for the Super Bowl and World Cup:

Banksters are skinned alive and then tossed into the ocean (salt water rinse).


If you prick us do we not bleed? If you tickle us do we not laugh? If you poison us do we not die? And if you wrong us shall we not revenge?

William Shakespeare

FreeMoney's picture

The shitty part here is we the US taxpayer own 17% of the IMF balance sheet and are obligated to 17% of any writeoff that happens from the fucking IMF buying shitty junk bonds written by Greece and sold to us by ass raping euro bankers.

Have no doubt, the greeks will default one way or another, and people who pay taxes with get screwed for it.


Government debt should not be allowed.  it is fucking retarded to continue letting the lying class steal from the working class to benefit the bankers.


NidStyles's picture

Well honestly, what are any of you going to do about it?


I could state all the reasons why humanity is going to go back into slavery, and there is nothing anyone can do about it, but I wouldn't want to offend anyone.

Farqued Up's picture

Nope, voluntary security slavery maybe, but not forced, the individual has too much firepower. Just imagine had the medieval serfs invented and possessed crossbow Gatling guns.

Greenskeeper_Carl's picture

exactly like I have been saying on here for months(along with many others), but its funny to hear someone admit it.

tarabel's picture



My guess is that more than 81 cents of every Euro that got borrowed from "THE FILTHY BANKERS" ended up in the pockets of various government types and their cronies.

This is what happens when you (the ordinary citizen) let someone else charge stuff in your name. It is happening everywhere and will end up the same everywhere.

Millivanilli's picture


Sudden Debt's picture

I’m pretty sure you can filter it down to a few individuals Who got all the money. 

FrankDieter's picture

Fuck the banksters, fuck them all.

Quinvarius's picture

Bankers = Cookie Monster.  Money = cookies.  There is no other outcome than Cookie Monster eating all the cookies.

WTFUD's picture

Simply, however, succinctly put that even Nuland would appreciate . . oh wait . . .

ThirteenthFloor's picture

But reality, we all knew it was to keep Germany and France banks solvent. Was never matter of throwing good money for bad.

Think if Greece went default, Spain, Italy, Portugal, Ireland would go. what would Western banks look like ?

Omen IV's picture

Obviously it would have been cheaper to setup new national banks owned by the citizens  / taxpayes of France and Germany and sell off the shares privately over ten years in whole or in part was far far cheaper and less risky

so why did they do this? AND blew up the taxpayers everywhere - especially Ireland and Spain  - where the private banks were the bulk of the debt transferred to government balance sheet - WHO REALLY OWNED THESE BANKS?

this is amazing issue - why not let them go Bankrupt????????


and start new banks

kowalli's picture


same people who owned federal reserve

JPM Hater001's picture

Wasn't Greece suppose to run out of money today?

Stumpy4516's picture

The bankers needed and got help to make this happen.  Yanis Varoufakisdf and Alexis Tsipras are very educated and knew the score.  These two are and always were traitors to the Greek people.  First with the fake "negotiations" that resulted in the banks getting everything they wanted plus stipulations were put into the agreement that forbid the Greeks from making any changes (even by popular vote) for the next 4 months.  As soon as that was done Yanis and Tsipras set about to looting the pools of money remaining in Greece and funneling much of it also to the bankers.

What Yanis and Tsipras are doing is no accident but was planned in advance.  Including the use of official govt actions to suppress Golden Dawn and to paint them a nazis.  What is flying under the radar for now is how they are converting bank debt that is bascially unsecured into public debt that is secured with the resources and infrastructure of Greece.  The extent of this is not known but this was attempted by the bankers prior to Tsipras being elected with some success and appears to be a key element of the betrayal of the Greeks by there newly elected officials.

Clearly, IMO, default a month ago while holding onto what remains of Greece was vastly preferable to default later after said default has been staged so that foreign bankers, elites and corporations take Greece itself as recently pledged collateral. 

This is going to be a disaster for the Greeks, they will rent their roads, water supply, electrical generation and supply lines, sewers and everything else from foreign elites in the end, and this appears to be the intent of Yanis and Tsipras. The Greeks would then beg for monthly supplements just live a meger life with no economy to provide opportunity and no more Greek natural resources to use to try a restart.

Russia should stay away now as they could be made bag holders or even have riduculas lies issued by the west and Greek puppets to make Russia in some way the culprit. 

WTFUD's picture

Stumpy are you insinuating that the FM & PM of Greece are equal in motherfuckery to Obama? Could those two folks look the citizens in the face just like Obama did and lie through their fucking teeth . . . ?

Hope your wrong but expect you're right, buddy.

Stumpy4516's picture

Yes I am.  I would like ot be clear to others that I am not disparaging the Greeks beyond what I would the US citizens.  I would still hold them above the US sheep.  They just have had less to work with and do not have control of the global currency.


Omen IV's picture

yes - RENTS - EVERYWHERE ---  Ukraine will be the same and the people will have no way to make a living - vast tracks of land and countries without people - all free cash flow transferred out - nothing local - no decisions local - all offshore

this is the model along with Oligarchs as Govenors as in the Oblasts - and then feudal society

only solution for Greece is the same as Eastern Ukraine - blow up the system

Szirya are scumbags - this is the end

Joebloinvestor's picture

Default should have occurred 5 years ago when shit started.

FrankDieter's picture

Banksters always get their money in the end.  Duesthe Fucking Bank etc. 

The poor Greek people take it up the ass as usual.

Leknam's picture

Good cop bad cop, nothing much to see here. This prick is just trying to get in the Greeks mind, that he is on their side. Deals will be done whatever just to keep this shitfest going, Dont take your eye of the ball, the squid is coming at you from all angles.

Observation, you got to give it to him the seamless way he said Troika then INSTITUTIONS so quickly and then deals with PARTNERS ! I can imagine the intellectual motorcycled one getting a boner listenting to him talking, his language. Also helpfully suggesting that the Greeks pay the IMF in full and do the deals with the other debts. Who are the IMF anyway, the same bloodsuckers all around. ALSO they must have looked long and hard to find this gormless kid to front the interview . Man these guys are good L O L

semperfi's picture

thank you captain obvious

Urban Redneck's picture

He said what Mathew Haarsager didn't have the balls to (or orders not to)... Why is it always the BRICS???

Ghordius's picture

+1 ... because they are slightly pissed off?

Cacete de Ouro's picture

Inglorious Batistas

semperfi's picture

and thank you Greek pensioners and social security recipients for saving those German and French banks!  you should feel good

Skateboarder's picture

Paying back odious debt in an open-loop system in which the available currency units in the currency lifecycle cannot possibly pay back the interest. Yeah... about that.

buzzsaw99's picture

too bad the greeks couldn't say nein to the bank bailouts

Salah's picture

So...if the banks are "saved"...,Greece is up shit-creek, unless they follow-thru on this last arrow in their quiver:

Whalley World's picture

How long can you hold the poor by their ankles and keep shaking?

yogibear's picture

Only thing to stop this behavior of looting the public is to haul these banksters off to prison where they belong.

Of course they know their above the law.

Eric Holder even said he wouldn't prosecute the TBTF.

cornfritter's picture

Frederic Bastiat's "The Law" - good read for youngsters, review for elders

monger's picture

Hauling off to piston? Who's going to pay te costs. Wouldn't one bullet to the head defray some costs?

They need to repay us anyhow.  

wmbz's picture

Oh come on this can't be true! I was under the impression that it was done for the peoples!

Hey, they may as well just rip the curtain back, everyone with a brain knows what the fuck is going on! Banksters Inc. runs the world...Always has!

Of course the easy way to control the serfs is to promise some new stuff! Or just pass out free i-phones, that would quell any problems!

Past time to swing a few from lamp posts!


Duc888's picture

You rub my ballz, I rub your ballz. Do you spit or swallow?

oakland57's picture


permarig's picture

Does this also mean if someone was protesting against this bailout programme and got beaten up for it by the police, that the police were actually thugs for the banksters?