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To: THE ANT who wrote (92749)7/22/2012 8:54:46 AM
From: elmatador  Read Replies (2) | Respond to of 217571
 
It's payback time: don't expect sympathy – Lagarde to Greeks.

We heard that before. It ensued a Lost Decade plus four years. 14 years in the doldrums.

Mexico and Brazil had the advantage that for every billion dollars of capital we exported to pay the debts, 70.000 americans were out of job since exports to LATAM dwindled. That propped Nicholas Brady to find a way out. Greece may drop by the roadside....

It's payback time: don't expect sympathy – Lagarde to Greeks
guardian.co.uk

Asked whether she (Lagarde) is able to block out of her mind the mothers unable to get access to midwives or patients unable to obtain life-saving drugs, Lagarde replies: "I think more of the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one chair for three of them, and who are very keen to get an education. I have them in my mind all the time. Because I think they need even more help than the people in Athens."

Jürgen Fitschen, joint head of Germany's biggest bank, Deutsche, described Greece as "a failed state … a corrupt state".