Tag Archives: Lagarde

 Madame and Madame have totally different points of view on Greece’s bailout. Christine Lagarde, head of  IMF, favors a new written off of Greek debt saying that the bailout program has failed. OK, she doesn’t say it so clear, but that’s the substance. Angela Merkel, German Chancellor and head of …

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How much additional money Greeks need, should the bailout program be extended for two years? On Monday, German weekly DER SPIEGLE claimed that the Greek budget shortfall was 20 billion euro. On Tuesday, German daily Sueddeutsche Zeitung claimed the shortfall is even bigger and ‘stamped’ the shocking number: 30 billion …

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A ‘mega bomb’ exploded on Saturday in Athens when a weekly newspaper with front page “Testimony Burns 3 Ministers” claimed that two former ministers and the current parliament speaker have been alledgedly involved in money laundering scandal.   In its exclusive story Real News  refers to the written testimony of a real estate …

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No, it’s not a joke. In IMF’s scores-reviews published on Monday, International Monetary Fund among other “applauded itself for the success of its bailout programs”… Hm… should I mention the wrong predictions on recession? The bailout programs that crash the health care system?  The end of welfare state? The grabbing of social contributions translated into sharp pension …

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Greeks got the feeling, that the climate is changing, it’s turning from negative-rejecting to positive- supportive. Some hints in this direction came from here and there yesterday, claim the Greek media.  The country’s international lenders hint Greece may get the desired two-years extension. That apparently the total message from the Eurogroup meeting in Nicosia on …

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What? You thought that dumping labor wages down to 500 euro per month would boost competitiveness? You thought that working 13 hours per day, 6 days per week will turn the debt-ridden country into growth paradise? The myth of “wages dumping as the fundament for competitiveness” is collapsing and thus by a report of …

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 A top economist at the International Monetary Fund has poured scorn on its “tainted” leadership and said he is “ashamed” to have worked there. Peter Doyle: “After twenty years of service, I am ashamed to have had any association with with the Fund at all.” Peter Doyle said in a …

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International Monetary Fund Managing Director Christine Lagarde said she is not in the mood to renegotiate the terms of Greece’s bailout agreement. “I am not in a negotiation or renegotiation mood at all,” Lagarde said in an interview on CBNC television Bloomberg reported. “We are in a fact-finding mood.” Officials …

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The International Monetary Fund says Managing Director Christine Lagarde is expressing regrets for her comments about Greek suffering amid the country’s debt crisis. Lagarde told Britain’s The Guardian last week she has more sympathy for poor African children  than for Greeks suffering through economic problems and austerity measures. She also …

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With unbroken intensity internet users continue to comment on the Facebook page of IMF head Christine Lagarde – three days after she made her incredible tax-dodging comments about Greeks, and less than 48 hours after she tried to refute her comments. In an interview to British The Guardian uploaded on Saturday morning, …

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The danger of a Greek bankruptcy has not been averted. So said, Chief of International Monetary Fund Christine Lagarde in an interview to CBS News. Also a forced euro exit is still possible, she added. Is this Lagarde’s warning to Greek voters expected to go to snap polls in the next weeks? …

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 Hardly did the signatures dry on the paper of the €130-billion rescue package and Greece’s lenders come up with new demands. International Monetary Fund report raised the amount to be cut for 2013-2014 from €11 billion to 14 billion euro. After Greece finally received approval for a second 130bn euro …

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Chiefs among themselves: Luxembourg’s Prime Minister and  Eurogroup chief Jean-Claude Juncker bends over IMF Chief Christine Lagarde and gives her a passionate kiss. She closes her eyes while she enjoys his tender lips and his protective hand on her shoulder. A kiss that seals the second bailout for Greece. This is a kiss …

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The PSI deal is here, there and everywhere… While Greeks, investors, several finance experts and journalists are eager to see the deal finally complete, it looks as if there is some rift that between two of Greece’s lenders and central players: Germany and the International Monetary Fund. Here is an excerpts from the interesting article by …

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International Monetary Fund Managing Director Christine Lagarde said that she’s not satisfied with the progress Greece has made on structural reform. “We’re not terribly positive about what has been done but we want to put together a program for the country,” Lagarde said in an interview with Bloomberg Television from …

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 It seems to be a dangerous game being played on the head of Greece. The debt-ridden country was sitting at the hairdressers’ chair surrounded by several evil scissors-holders arguing over the haircut-style. The customer had almost fallen asleep as he was deprived of the right to get involved in the argument. The …

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New York, Berlin, Paris, Athens: the phones of  state officials, economists and bankers are ringing non-stop, brains are on fire and nerves lay blank as the PSI negotiations did not reach a deal over the weekend, ahead the EuroGroup meeting on Monday in Brussels. Men and women in business suits run nervously up and …

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What a glorious failure for the Greek … “Dream Team” in Cannes! EU leaders and IMF technocrats dictated that the Referendum will be held on December 4th, 2011 and that they will freeze the €8-billion aid tranche until Greeks vote YES. Furthermore they demanded that the question will not be …

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Greece’s Finance Minister Evangelos Venizelos’s meetings in Washington last night were ‘celebrated’ here with missals (“Not Debt Restructure” Greek press) and flourish promises. Greek Fin Min told Greek media that the Troika will come back to Athens, the 6th bailout tranche will be released and Greece will meet all its …

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