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US Pushed For IMF Greek Haircut Study Release After Euro 'Allies' Tried To Block
The timing of the release of The IMF's 'Greece needs a debt haircut no matter what' report this week was odd to say the least. Being as it confirmed everything the Greek government has been saying and provided the perfect ammunition for Tsipras to spin Sunday's Greferendum as a Yes/No to debt haircuts - something everyone can understand (and get behind). It is understandable then that, as Reuters reports, Greece's eurozone allies tried to block the release of the damning report this week but the Europeans were heavily outnumbered and the United States, the strongest voice in the IMF, was in favor of publication, sources said. While The IMF concluded, "Facts are stubborn. You can't hide the facts because they may be exploited," one wonders if this move merely reinforces Goldman's concpiracy theory.
Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. As Reuters reports, publication of the draft Debt Sustainability Analysis laid bare a dispute between Brussels and the Washington-based global lender that has been simmering behind closed doors for months.
At a meeting on the International Monetary Fund's board on Wednesday, European members questioned the timing of the report which IMF management proposed at short notice releasing three days before Sunday's crucial referendum that may determine the country's future in the euro zone, the sources said.
There was no vote but the Europeans were heavily outnumbered and the United States, the strongest voice in the IMF, was in favor of publication, the sources said.
The Europeans were also concerned that the report could distract attention from a view they share with the IMF that the Tsipras government, in the five months since it was elected, has wrecked a fragile economy that was just starting to recover.
"It wasn't an easy decision," an IMF source involved in the debate over publication said. "We are not living in an ivory tower here. But the EU has to understand that not everything can be decided based on their own imperatives."
The board had considered all arguments, including the risk that the document would be politicized, but the prevailing view was that all the evidence and figures should be laid out transparently before the referendum.
"Facts are stubborn. You can't hide the facts because they may be exploited," the IMF source said.
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Quite simply this should be horrifying to not just The Greeks (who just discovered their supposed 'allies' tried to hide the truth from them and in fact negotiated in bad faith) but to all Europeans who by now must realize the union is not for them, it is for the few ruling elite and their corporate and banking overlords.
Isn't it time to Just Say No, if not to anything else than to being controlled by an unelected cabal of oligarchs whose only interest is making sure the wealthy get wealthier?
Of course, taking a step back from the table, it is clear that a forced decision by Washington against the interests of its European allies - that is likely to engender more chaos and strengthen Greece's ability to destabilize Europe - must have been done for 'another reason'. Perhaps after all is said and done, the powers that be need chaos, need instability, need panic in order to ensure the public gratefully accept the all-in QE-fest that they want.
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This is like WW2 all over again but with money insted of bombs.
Guessing Germany loses AGAIN.
US says European taxpayers take more haircut.
It is in the US's best interest to destabilize Europe...
“... the primordial interest of the Unites States over which we for centuries have fought wars, the first second and cold war has been the relationship between Germany and Russia. Because united they are the only force that could threaten us and to make sure that that doesn’t happen.”
“The issue to which we don’t have the answer is what will Germany do. The real wild card in Europe is that as the United States builds its cordon sanitaire, not in Ukraine, but to the west, and the Russians try to figure out how to leverage the Ukrainians out, we don’t know the German position... For the United States, the primordial fear is... German technology and German capital, Russian natural resources and Russian manpower... the only combination that has for centuries scared the hell out of the United States.”
George Friedman, CEO, Stratfor
... in order to ensure the public gratefully accept the all-in QE-fest that they want
AND
European fiscal integration
… they want the IMF for legitimacy in the bailout terms, but not to tell TOO MUCH truth ??!!
This is clearly the right thing for the wrong reasons. Clearly the US wants The EU to reach a sensible accommodation with Greece because Washington does not want Greece, a NATO member, to fall into the open arms of Russia and China. A nice big nuclear submarine base on the Med would not look good. In the true spirit of International diplomacy (aka reciprocity) the EU might consider allowing the sanctions on Russia to expire?
Uncle Sugar just showed Harlot Baby who's boss.
Or, in Vicky Nudelman's immortal words - Fuck the EU!
I am viewing this as a PURELY ignorant and "at large" observer from a distance this sure looks like an extortion racket.
Basically "pay the debt or we'll burn your country to the ground and walk away with the insurance proceeds."
Since the threat of "Poopie Nukes" seem very real (and he's paying a SOLID double digit on his now worthless rubles on account of Crimea "etc"...well, things look very "real" to me in the sense that if Greece and the Greek people are not careful here they could be split in two with the "commercialsts" in the North versus the "polemicist" in the South.
Just my view from "ignoramusville" ...
"Poopie Nukes" is pretty childish.
Nukes are in play ONLY because of continual US aggression. But you're too stupid to understand that.
Then again, you could be a paid govtroll - but you'd still be too stupid.
The Germans are really into some crazy, sick shit again.
I guess this should excite the Americans, and alarm the Russians.
AGAIN...
No bombs, yet.
As I said at the time, the sanctions against Russia were equally aimed at hurting Europe.
Uncle Scam is ratcheting up their scorched earth retreat policy.I wonder
what the NSA has picked up in their eavesdropping.
Or to quote Nudelman: Fuck the EU.
Well, you have to give it to them, they are certainly succeeding with their Fuck the EU policy.
They appear to have fucked Russia AND the US Secretary of State too!
WELL PLAYED!
No, wait...I meant to say...
Nukes will be used in Ukraine because, well, why not? Everyone learns an important lesson and the cost is only a million Ukrainians. That's a bargain in the eyes of the elite.
The fact that Germany will loose around 100 billions of Euros is meanwhile acknowledged even by Merkel and Schäuble. Their problem is only how to hide that fact form their voters. The analogy with WW2 is rather weak as the front lines are now between the entire northern Europe against the red-wine-states.
QE meets kTons would appear
"The fact that Germany will loose around 100 billions of Euros is meanwhile acknowledged even by Merkel and Schäuble. Their problem is only how to hide that fact..."
They could back up Deutsche Bank. With ten times 100 billion...
Lose what now? That's the big problem with fiat money, when you have it you become deluded that it represents something real.
If Germany had traded its fancy cars to Greece for gold or even olive oil, that would be something real. But Germany traded its cars for fiat, which was created to facilitate its own transaction. Germany is then disappoint that more fiat is not created to add to Germany's growing reserve of fiat? Oh well?
Do you need something Germany? Do your people have material needs? Are your people dying from hunger? Do you need real stuff or do you just want more monopoly money?
Can't they just declare bank accounts mark-to-make-believe as well?
This is proof positive that these Super Unions don't work, and the only ones who support them are madmen seeking power.
Curiouser and curiouser.
"the union is not for them, it is for the few ruling elite and their corporate and banking overlords."
Truest words ever spoken!
You've got to be fucking mental to trust a report by Goldman Sachs, let alone a conspiracy theory penned by them.
The E.U. was created by the Banksters for one reason, and one reason only. It's one more step toward their ultimate (and relentless) goal of creating a universal monetary system and a one world government they own and control.
The US wants a collapse of the EURO as a trading currency, it will result in a stronger dollar. This seems to have been the strategy for several years now but the Chinese and Russians seem to have been aware and are taking advantage of this particualar point of vulnerability to step in and offer an alternative, precious metal backed currency, to the dollar. It really does seem to be end game this year.
Trade currencies, gold or not, between Russia and China are irrelevant to the US. It doesn't truly need trade with either, what Saudi Arabia does is relevant to them.
Of course the EU does kinda need trade with Russia.
Why so late in the day does the IMF release the truth about a deal that the Squid and its "devil in the detail" : Mr Draghi himself, as VP Europe, spawned back in 2001/2002, when his company signed a document that scammed the EU about Greece's real economic situation to gain admittance in Eurozone?
You have to ask yourself about causality of such a momentous decision that has become front page in Euro zone since 2010; when another Sarkozy : Olivier Sarko, as head of Carlyle, Tweetered to the world : We all talk about sovereign debt in the EU; a zone with a GDP of 11 trillion euros. But the real problem in EZ is not government debt as a result of Lehman's awesome spill over, its more about the EZ bankster scam as their copy book shows a balance sheet of 31 trillion of toxic assets and DAT is what the Merkozy/Brown axis of EU is now having to face. The fall out of PIIGS sovereign debt is that it could bring down the banks with 3 times the awesome total GDP systemic risk for EU. No country can stand that debt tsunami a second time!
That was in substance what EU has been trying to hide under te carpet of its "whatever it takes" Squid strategy; the day Draghi replaced Austerian JC Trichet who made "two foolish rate hikes" in counter productive (to FED policy) moves to protect the Euro, instead of opening the spigot of easy money like Draghi susequently, in hanky panky "sterilised" plays of eating up toxic government bonds via the bank purchases.
Ha! Draghi understood what Olivier Sarko had tweetered! And HOW !
Could it be that if the Greeks voted for the deal, the increased austerity might drive them at last to revolt? Greece MUST stay in the Euro zone if USA plans are to succeed. This also weakens the Euro zone if a basket-case Greece stays in the fold.
Read this :http://uk.businessinsider.com/yanis-varoufakis-says-he-has-a-deal-he-can...
More fun n games !
Yeah EU, listen to the US on how to fix financial malfeasance.
First rule, NEVER prosecute anyone who has worked for GS.
When congress stops arguing about what to do about Puerto Rico the US might have a little more standing in commenting on Greece.
Alaric,
The goals morphed. It was not always primordial...it is fairly recent, about 1912 when the U.S. brain was fully parasitized:
It is in the US's best interest to destabilize Europe...
“... the primordial interest of the Unites States over which we for centuries have fought wars, the first second and cold war has been the relationship between Germany and Russia. Because united they are the only force that could threaten us and to make sure that that doesn’t happen
It was always Britain, controlled partly by city of London bankers who kept the “balance of terror” in Europe. The U.S. didn’t give a damn about Europe until they were forced into war on the continent.
It was Britain who was worried about Baghdad/Berlin railway. Yes, the U.S. was part of the entente, but that was mostly due to linkages via the stock market. It can always be traced back to money powers, and more specifically Cabala and International Finance.
Read Vampire of the Continent:
http://www.yamaguchy.com/library/reventlow/vampire_01.html
For the buildup to WW1:
Treaty of Trianon
“The Triple Entente guarded the British interests, so that international finance and the overseas international commerce of the world would remain under British control.”
It cannot be overstated that international finance is the Jewish Credit system imported into Britain with the Bank Of England in 1694. This credit system is now manifested as “world markets.” Morphing Britain with Jewish finance made the Character of Empire shift.
http://www.jrbooksonline.com/birinyi.htm
For when the U.S. turned toward Conquest, was probably around 1890. As early as the Civil War, Russia and the U.S. were friendly. Spanish American War is when America started acting as a Hegemon, but note she looked toward the Pacific, not toward Europe.
Read Pettigrew (below) for inside information on when the U.S. markets and money power began to take over. The full takeover was 1912 with progressive era, and U.S. entry into European affairs. This entry was financed and driven by Zion and World Government, not necessarily U.S. imperatives. Both WW1 and WW2 U.S. involvement in Europe was because the U.S. brain was parasitized by the “international.” For proof of this, one can see how the Press is usurped (by J Street Money) and turns on Germany almost overnight just prior to WW1.
https://fileandclaw322.wordpress.com/audiobooks/triumphant-plutocracy-richard-f-pettigrew/
A parallel track to Britain not wanting Eurasian axis, is also Zion wanting Palestine. Hence formation of the Balfour document at end of war. There is no question that Zionists agitated and help fund the destruction of WW1 and WW2, to have their goals met.
The common theme and desire is for the unproductive (British) to take rents on the productive (Gemans). This is the condition of man; man is a rent-seeker, and any sort of philosophy that enshrines rent taking will find me its enemy. (I am a proud anti-zionist due to Zion’s long history of harvesting man and taking rents to fund their nefarious activities. Before Zion it was Talmudic/Cabala World Government and International Capital, also a Jewish Construct.)
So USSA wants Europe to bail out Greece, sponsor Ukraine, take in more refugees from the places they fucked up and impose even more sanctions on Russia thus hurting their struggling economies even more? WHAT FOR?! Just so that USSA can continue reaping all the benefits?! WTF is wrong with Europe, have they lost their marbles? Their overseas "friends" are engaged in industrial espionage and listening in on their leaders.. This is beyond ridiculous - Europe is fucked and they have only themselves to blame!
You Abandoned Me
Love Don't Live Here Anymore
Rose Royce
Worth a listen this old classic,
When things get serious, the elite have to tell the truth...
Or, I doubt it, it is all part of the script :-)
They're just buying more time.That's the name of the game right now just like the interest rate hike that never comes.It's like everyone's getting tired of them bluffing.They can't normalize interest rates.Governments no longer have the tax base from good paying jobs in order to pay the extra interest,the debts are too high.The participation rate just isn't there to support the demographics that are happening.They'll bust the stock market just like China's Market and ruin the countries pension funds.The Fed and all Central Banks are liars and they know we've entered the years of the end game for Keynesian Economics which is bust.The U.S. Government has an estimated $200 Trillion in obligations to entitlements going forward and they're going to hit a brick wall.