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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (92768)	7/22/2012 9:07:41 AM
From: Maurice Winn	4 Recommendations Respond to of 217573

Tell Christine Lagarde to get a real job. No more tax money for her. <The International Monetary Fund has ratcheted up the pressure on crisis-hit Greece after its managing director, Christine Lagarde, said she has more sympathy for children deprived of decent schooling in sub-Saharan Africa than for many of those facing poverty in Athens. In an uncompromising interview with the Guardian, Lagarde insists it is payback time for Greece and makes it clear that the IMF has no intention of softening the terms of the country's austerity package. Using some of the bluntest language of the two-and-a-half-year debt crisis, she says Greek parents have to take responsibility if their children are being affected by spending cuts. "Parents have to pay their tax," she says. Greece, which has seen its economy shrink by a fifth since the recession began, has been told to cut wages, pensions and public spending in return for financial help from the IMF, the European Unionand the European Central Bank. > Greeks don't have to pay taxes. Do a reset. Tell euro people to get lost. Tell Germany goodbye. No loan repayments. Did Germans think they could conquer Greece that way instead of with Panzers? Tell Germans to go on holiday in France if they prefer to pay more money and deal with the French. Create and sell Tradable Citizenships. Greeks get theirs free of course. Dump the euro. Fire most government "workers". Make Greece in 3 years into the best place in the world, with a booming economy and the envy of the eurocratic kleptocratic suffocatocracy. When the 2020 reglaciation hits Germany and the north, hordes will be wanting to buy into Greece and lots of other southern countries. Christine Lagarde's sympathy is not worth anything. Maybe she could get a job as a cleaner or doing something useful rather than vacuuming up loads of taxes to live her cushy lifestyle. Mqurice

To: elmatador who wrote (92768)	7/22/2012 10:14:04 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217573

Greek Program Extension Would Cost Up To EUR40B - Report 22-Jul-2012 ATHENS--Granting a two-year extension of Greece's deficit-cutting program would cost the country's European and international creditors as much as 40 billion euros extra, a Greek newspaper reports Sunday, twice the amount of previous government estimates. According to the Kathimerini newspaper, the widening estimate stems from bigger than previously expected shortfalls in Greece's budget position, and rising capital needs for Greek banks. Greece's three-way coalition government, elected June 17, has been pushing for a two-year extension--until 2016--to implement the budget cuts and reform targets of the country's latest 173 billion euro bailout that was agreed with euro zone partners and the International Monetary Fund earlier this year. The government argues that a deeper-than-forecast recession, now in its fifth year, has hammered revenue and forced greater-than-expected outlays for social spending, such as for pensions and unemployment benefits. It estimates that it will need a further 16 billion to 20 billion euros from creditors to cover its financing needs for an additional two years. But with Greece lagging on many of its reform targets to date, there is little support for such an extension in other European capitals. Without citing sources, the newspaper says that initial estimates done by the Greece's troika of international inspectors--from the IMF, European Commission and European Central Bank--and in conjunction with Greek and euro zone officials, estimate that the cost of a two year extension will be between 30 billion and 40 billion euros. It cites a wider budget deficit this year, lower privatization proceeds after Greece's asset sales program was stalled by back-to-back elections, and estimates that the current 50 billion euro program to recapitalize Greek banks may not be enough. -Write to Alkman Granitsas