Brazil’s International Monetary Fund representative has criticized the tough reforms demanded of Greece, saying the Fund and its bailout partners appear to want to run the Greek economy themselves.
Paulo Nogueira Batista, who represents Brazil and 10 other countries at the global crisis lender, said in a May 30 statement to the board that Greece has already made substantial progress under harsh austerity conditions.
The statement, obtained by AFP after the board approved the release of new funds to Athens, said the IMF and its European partners should ease some of the conditions of their massive rescue program for the country.
«Fiscal adjustment has been very large and the return to a primary surplus in 2013 constituted an important milestone. It is hard to see how the country can do more on this front,» said Nogueira Batista.
He pointed out that Greece could only manage to ease its economic contraction last year by not meeting all the tough reforms the lenders demanded of it.
«This seems to indicate that the number of structural measures the Troika has been demanding from Greece is rather excessive.»
In the 81 pages of detailed policy demands of the newest stage of the IMF-European Commission-European Central Bank rescue program, he said Greece appears to be «a victim of German thoroughness».
We all suddenly remembered we’re Greek, no sorry, Hellene.
You try and try to stay positive, give words of encouragement instead of criticism to what your countrymen do, but videos like this just don’t let you, do they?
Ok, the video was an attempt at promoting all the values that make Greece what it is, denounced foreign disdain for the way we Greeks view life, liberty and the pursuit of happiness and especially stressed the way Hellenism underlies every important current in Western History. So why, then, did watching this video leave a taste of disgust in my mouth? Συνέχεια →
“Staying in 2011 is not the same as staying in 1920 or in 1950. To leave does not mean exile, that I go and do not turn back or that I listen to Kazantzidi and I cry.” — Apostolos Doxiadis speaking at Intelligence Squared Greece’s debate on Greece’s “Brain Drain”
About 114,000 to 139,000 Greeks with a tertiary education work or study abroad—and 91 percent of those who received all of their degrees abroad do not seek employment in Greece upon graduation, according to a study by Lois Lambrianidis, author of Investing in Leaving.
Intelligence Squared Greece’s “Brain Drain” debate focused on answering the question of whether Greek Συνέχεια →
This article, which as Greek citizens we can acknowledge as true, is an answer to all those who a) say ALL Greeks deserve to pay as they have been thriving off black money for years (so how come they’re selling their jewelry instead of tapping into their fat bank accounts?) and b) believe Papandreou’s policies and now Papademos’s (the governor of Greece’s central bank who was involved in cooking figures to put Greece in the Euro over a decade ago) are geared towards saving the nation.
As for the illicit gold trade the article mentions, it pales in comparison to what Greek politicians have stolen from the Greek people. No Greek will ever feel inclined to walk down the path of justice as long as justice is never served in aprejudicial system that pretends to look after the welfare of the country but does so only in name.
In Greece’s Sour Economy, Some Shops Are Thriving
ATHENS — With all the contraction in the Greek economy, with employees laid off en masse and one in four small businesses forced to close, it might seem odd that new shops are springing up like mushrooms in Athens and other cities. Συνέχεια →
Out of the wreckage, international bankers will rise as saviors. The bubble that will inevitably burst in Europe was engineered by a group, a clique, of private bankers in key positions.
Raising awareness is key, but not enough to change the situation. Governments have already armed themselves with an anti-riot arsenal worthy of any extravagant blockbuster action film, while the media has taken on the role of feeding propaganda to citizens.
Watch the video and spread the knowledge. Συνέχεια →
Yet another excellent article from Sturdyblog that steers away from the usual propagandist ranting of the media that is simply a tool in the hands of speculative bankers and other investor think tanks geared towards shaping public opinion to suit their needs.
The only regret I have when reading this gem is that punches were pulled. Papademos and Monti need to be seen as usurpers of democracy and their respective rise to power called coups d’état, plain and simple. Most important of all is the fact that people in Greece believe their country’s rising debt is not just 30-years’ worth of bad politics, corruption and inept members of Parliament — it’s been a methodical, calculated plan executed with preciseness, enabling the few to live off the many.
My firm belief is that this has been in the making for a long time. Greece practically hasn’t had a single patriot in office since WWII. Foreign interests influenced and still influence decisions to benefit everyone but us Greeks. Some saw the world as an orange, squeezing (half of it) as much as they could out of Third World countries — sorry, that would be developing countries to those who want politically correct euphemisms used to spice up slavery as an on-going evolutionary process towards development. Now that the orange is starting to shrivel, they’ve decided to pick up the other half by turning to Europe and as I foresee other developed countries and squeeze out the savings it managed to accumulate throughout the years.
Enjoy the read, and many thanks to the author for a very fine piece.
Some months ago I tried to explain that the crisis in Greece concerned the entire globe directly and that what was happening to my country was nothing short of an economic coup d’état. Naturally, I was accused of doom-mongering and over-dramatising. It pains me to have been proven absolutely right on Συνέχεια →