IMF declares war on Germany
Posted by seumasach on July 15, 2015
“Unfortunately, the IMF didn’t appear to anticipate the PM’s complete capitulation”
Clearly, the IMF seeks to wreck the existing agreement. They are in a strong position since Germany have insisted on their participation.Once again, European weakness, due to their inability to resolve these matters internally, has been exposed.
In “Secret” Report Lagarde Says Greece Will Need Massive Debt Relief
A divide between the IMF and Europe (read: Germany), regarding writedowns on Greece’s debt to the EU has been brewing for quite some time and recently returned to the international spotlight when, a few months back, the Fund indicated debt relief was a precondition for its participation in any further aid for Athens.