Greece – Creditors deadlock: The Lunatics have taken over the Eurozone and the IMF

Do you remember this chaotic film with Nick Nolte who jumped into the chaotic family of Bete Midler and Richard Dryfuss creating even more chaos? The film title was Down and Out in Beverly Hills and then it was this other film “One flew over the Cuckoo’s Nest.” What we hear and read today, statements coming from Brussels, Berlin, Frankfurt, Washington and Athens make me think that we are in the middle of a new film, a remake from both films with a very very bad editing.

The cancellation of the Eurogroup, cancellation that leaves Greece out in the cold of liquidity insecurity, has brought up the total chaos in the minds of direct or indirect creditors.And the #Grexit returned as hashtag in social media.

Greece made its position clear. Greek government spokeswoman Olga Gerovasili stressed today that the Greek proposal of a “balancing mechanism instead of IMF’s preventive extra austerity measures” was the best solution and underlined that Greece will not go beyond its red lines.

With German Chancellor Angela Merkel and French president Francois Hollande to have wrapped up in the silence of a long midday nap, Juncker and Draghi paid lip service in favor of Greece.

According to MNI news agency, EU Commission President Jean-Claude Juncker sharply criticized the IMF for insisting that the preventive austerity measures are legislated right now. “This is unreasonable,” Juncker reportedly said adding that “no democratic parliament in the world would accept to legislate in advance (ex ante) measures that will apply later” if necessary.

European Central Bank chief Mario Draghi told German BILD that “Greece has implemented a lot of reforms in recent months, but “it is clear that the last year was a financial setback for Greece. Now we all know that there can be no growth without reforms. What the country and the citizens need most is development. Greece has implemented many reforms in recent months and is committed to a reform path.” Mario Draghi claimed also that Greece’s problems are not due to the €uro.

The chief of European Stability Mechanism Klaus Regling asked “What Eurogroup? We are not even close to progress”, but EU Commissioner for Monetary issues Pierre Moscovici said and both the Commission and he believe that “We are very close to an agreement, There are still some steps to be done, but much has already been done and we should not react as if a new crisis has broken out.”

An EU official in Brussels told media that an extraordinary Eurogroup meeting may take place next Tuesday, May 3rd, while “a source close to negotiations” told German Der Spiegel that “the Europeans do not feel like taking part in Tsipras’ show.”

From the other side of the Atlantic, Washington said that it fully supports the IMF position and disagrees with Schaueble and consequently with the European lenders. Deputy Secretary of Treasury, Nathan Sheets said that “Greece would not have access to the International Monetary Fund’s exceptional lending facilities in the next phase of its bailout,” adding that “the Treasury supports the IMF’s insistence that the bailout be restructured to make Greece’s debt sustainable with more reforms from Athens and debt relief from European lenders.”

So you think that Juncker disagrees with the IMF and Draghi with Schaeuble who believes that Greece would be in much better position if it was outside the eurozone as it is impossible to devalue currency within the eurozone? Do you believe that Washington is against Schaeuble and that the one EU official has no idea what another EU official thinks?

It’s neither… nor..

It’s the lunatics who have taken over the Asylum and doctors’ only hope lies now in some divine intervention by he, himself, personally,  the God.

See? Merkel is wearing the “Jacket of the Future”

PS and New Democracy calls for Tsipras to resign and go to early elections.