Ambassador Lee Emil Wanta John Ward posted: “Has the IMF given up on the eurozone? Despite another media snowjob from Berlin, it is clear that without massive debt relief there will be no IMF participation in Bailout 3. But do Christine Lagarde’s doubts go even deeper? Some of you may have notic” Has the IMF given up on the eurozone?
- The vast majority of ‘mainstream’ Western media seem convinced that a deal has been signed and ratified to produce Greek bailout 3 – which isn’t a bailout, just further punishment, but park that for a minute. In fact, they are quite wrong: although the final, final, final Bundestag vote will probably approve it next Wednesday, THE IMF WILL NOT BE INVOLVED.
- For the last (roughly) ten days, the completely unofficial and unconstitutional eurogrope has been putting its spinners to work on – you have to admit it – an amazing job of introducing yet more tweaks, problems and sticking points to keep the emphasis 100% on Greek compliance. At times, when the huge IMF mammoth in the room has been raised by someone, releases go out saying that Christine Lagarde has been mollified by pushing back the time period of the debt. Yesterday, Lagarde scotched that once and for all. THE IMF IS NOT INVOLVED IN BAILOUT 3.
- Every time I have posted or tweeted this reality, swarms of know-alls have arrived to tell me I have alles falsch gegotten, and why don’t I keep abreast of events, Gott in Himmel. It’s official: THE IMF PLANS TO REVIEW FURTHER INVOLVEMENT IN OCTOBER, BUT IT IS NOT TAKING PART IN BAILOUT 3.
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