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Dijsselbloem: Greece review will not conclude at Eurogroup Feb 20

Jeroen Dijsselbloem said that the second review of Greece’s program will not conclude in time for the next Eurogroup meeting scheduled for Monday, February 20.

The Dutch finance minister who is also head of the Eurogroup stressed that the participation of the International Monetary Fund remains essential for the continuation of the Greek program.

According to Reuters, Dijsselbloem underlined that the situation in Greece was not in acute crisis.

A week ago, Jeroen Djsselbloem slammed the IMF report on Greece, saying that the report was outdated due to recent growth. He also said he was surprised by the hardness of the IMF report.

Two days later, he joined the choir funded by his close pal, German finance Minister Wolfgang Schaeuble, and said there will be no Dutch financial aid for the Greek program if the IMF remains out.

PS One thing we should make clear: this is not an aid, but a loan, a bailout with a strict austerity program.

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7 comments

  1. Jeroen, you were always useless as an economist (you have not even studied to become one) and even worse as a head of this farce called “the Eurogroup”. Perhaps your asset is that you are the only one who finds Wolfie’s jokes funny.

    • He studied agricultural economics (tulip growing, I suppose) in an agricultural university in Holland and has a fake Masters degree in proper economics from Dublin. The latter was removed “as an error” when journalists saw it on a public CV and checked it out. The guy is yet another of these crooks who dominate politics across the modern world. He refused to resign over the fake degree and the Germans are perfectly happy with this fraud running the eurozone.

  2. You don’t have to pay the debt.
    It is not illegal to repudiate it.
    After that it is up to the greek people to create
    an economy that support a corresponding
    standard of living.
    So…what is all the fuss about?

    • There is no such thing as just not paying a debt in the global context. There is no bankruptcy law to invoke: there is only the IMF. Greece cannot survive as an autarkic non-trading economy, cut off from the entire world. Nor is it allowed to do so as part of the EU. Without credit, Greek businesses can neither import nor export. It is doubtful that tourism could operate either, other than the way it did for Albania prior to the collapse of the communist regime. Moreover, since 2001 the economic structure of Greece has made paying pensions even more difficult, and production was badly damaged by eurozone membership — bringing in cheap imports and reducing exports.
      ~
      The whole experience of euro membership has damaged Greece beyond the point of obvious repair. Does that answer your question?

      • No.
        Still don’t understand or rather
        disagree.
        Can’t grip Why you did not all were destitute
        under the drachma-period then?
        The Work and know-how you put into the economy will always
        correspond with your national living standards.
        Maybe you think it is okay for
        the fins, the dutch and chezs etc. to pay
        for your artificial too high standard of living?
        Sure, good look with that one…the citizens in other eurozone countries
        need there hard-earned money for their own Nations. They are getting fed up with the constant mooching.
        Hence the rise of the conservative movement all over europe.

        • Sigh. If you cannot understand that joining the euro damaged the greek economy VERY badly, then there’s not much I can do to help you.