The country’s lenders proposed that Greece should stop paying wages and pensions,” if the bailout disbursement is delayed due to Greek program review talks. These revelations have been made by the General Secretary of Fiscal Policy, Fragkiskos Koutentakis, on Wednesday.
“All institutions, but particularly the IMF, are to blame for the continued uncertainty dogging Greece’s economy,” Koutentakis told journalists during a briefing on the progress of the Greek Budget. He added that all institutions challenge and put in question everything – however without specific evidence and figures – and blamed primariyl the International Monetary Fund which “has not decided yet whether it will support the Greek program or not or whether it will partially support it.
“It seems that they want to see us at the edge of a cliff before they start negotiating seriously,” the GS said, adding that the assumptions of the Washington-based organization “are based on ideological obsessions and inaccuracies, without explaining how they calculate their own figures.”
For example, the assessment of the IMF that 2015 should close with a primary deficit of 0.6% of GDP, instead of a surplus of 0.2%, which is the government’s estimation. This means, the IMF sees a “hole of 1.5 billion euro only for 2015.”
The proposal of halting the payment of wages and pensions has been made on the level of technical teams and not only by the International Monetary Fund thus also by the other institutions.
I remember that this proposal has been made by the IMF also in the past, but I do not remember when exactly – and as usual I cannot find the link on my own website (lol)
Nevertheless, according to state ERT TV, Koutentakis allegedly replied to lender/institutions “We’d rather pay wages and pensions than the IMF.”
It wouldn’t be the first tine. Greece was not able to pay the IMF on 5. June 2015 and it defaulted to the IMF a month later.
PS it’s a waste of time and resources to try to find the code of IMF’s wrong multipliers and illusional projections, anyway.
…….and so how do the country’s lenders expect the pensioners and general population to eat, clothe themselves and pay their bills – let alone expecting them to help (and by the way doing what the EU should be doing) the refugees by caring for them, feeding them and supplying them with warm clothing, which the Greek population are selflessly doing?
ah… here the lenders raise their hands up and let the patient die…
That’s because it’s only doctors who take the Hippocratic Oath. Politicians and bankers have a different one, called the Hypocritical Oath. With the latter, you have only to pretend to be treating the patient: it’s purely theatre. What really matters is that Shylock is paid — either in gold or human flesh.
You’ll find it in here:zerohedge.com/news/2015-03-13/europe-has-modest-proposal-greece-dont-pay-wages-one-or-two-months
ah, yes! now i remember