An
attempt by the IMF to officialize its new tactics
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IMF
chief, Christine Lagarde, has ordered an investigation to ascertain
the reasons for the failure of the Greek program and its
implementation in the period 2010-2012.
According
to the Greek newspaper, Real News, the investigation will be held by
an independent committee, while the former Greek prime minister,
Lucas Papademos, has already testified as well as the representative
of Greece to the IMF, Miranda Xafa. Both expressed their opinion on
the Greek program, the mistakes and omissions that led to failure.
Before
the committee are expected to testify the former finance minister,
Giorgos Papakonstantinou, the current head of the Bank of Greece and
also a former Finance Minister, Yannis Stournaras, and the former
chairman of the Council of Economic Experts, Panos Tsakloglou. Other
political figures, economists, professors, bankers etc., are also
expected to testify.
The
investigation is expected to concentrate on Poul Thomsen, who had a
key role in the progress as initiator of the Greek program and head
of the European department of the IMF. For this reason the European
part of the IMF appears to react to the investigation, claiming that
the program has not been completed yet and cannot be assessed.
According
to the Real News, the investigation is expected to be completed in
late 2015 and will be based on secret IMF documents, as well as
interviews with European Commission and ECB officials. Interviews
with other eurozone officials will be included too.
Source:
This
is probably an attempt by the IMF to officialize its new tactics. The
reference on "mistakes" and "omissions" implies
that there are no deliberate actions towards specific interests, or,
catastrophic policies dogmatically applied.
Read
also:
Thus far only little Iceland has repudiated the attempt of the Debt Cartel to obtain control of their sovereign nation; I had hopes that the Irish people would save Western Civilization (a second time!) but the Irish were bludgeoned into submission; Cyprus was scarcely worth saving as redoubt of slav oligarchs,-- but the Greeks,-- the Greeks who had suffered so horribly in WWII and again under the Colonels, I tremble at their courage: they sealed NATO's southern flank and foreswore their nascent rivalry with the Turkey. Is there no point at which a Statesman? An Adenauer, a Churchill, a George Marshall can not broker a grand solution? What is the alternative? A debt Jubilee of biblical proportions. Give us a solution meritorious of the sacrifices of which modern Europe has been wrought. - A retail investor
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