The Greek finance minister, Yanis Varoufakis, on Sunday met for more than two hours with Christine Lagarde, the IMF’s managing director.
In a statement issued after their meeting, Lagarde said Varoufakis had confirmed that Athens would make the next payment due April 9.
He is due, today, to meet with senior
Lagarde also said Varoufakis had agreed that discussions in Brussels on Greece’s proposed new reform program, as well as efforts by IMF and European officials to conduct “due diligence” in Athens, would “resume promptly on Monday."
The fix is in.
-RW
Are there actually enough people left in the taxpaying productive class in Greece to fund all this?
ReplyDeleteThe Greek public debt to GDP(which is probably not a great metric, but it's all I can think of at this moment) in 2013 was 175% according to Google, while Japan's at the same time according to wiki was 238%...lol....that tells me they can carry on the charade for a bit more.
DeleteAssuming the general public in Greece puts up with it...if I were a betting man I'd put the chance of revolution in Greece a bit higher than Japan because of the social structure.
I can't imagine how this house of cards doesn't end badly for everyone.