{"id":9367,"date":"2015-06-24T05:48:16","date_gmt":"2015-06-24T10:48:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9367"},"modified":"2015-06-24T05:48:16","modified_gmt":"2015-06-24T10:48:16","slug":"does-the-imf-actually-want-to-cause-a-greek-debt-default","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9367","title":{"rendered":"Does The IMF Actually Want To Cause A Greek Debt Default?"},"content":{"rendered":"

Does The IMF Actually Want To Cause A Greek Debt Default?<\/a><\/h3>\n

\"Question<\/a>When it comes to geopolitics, there are often wheels working within wheels that are working within wheels.\u00a0 Once in a while we get a peek behind the scenes, but for the most part the machinations of the global elite remain shrouded in mystery most of the time.\u00a0 And sometimes the global elite appear to be doing things that, on the surface, do not seem to make much sense at all.\u00a0 What is going on in Europe is a perfect example of this.\u00a0 If everyone was negotiating honestly, I believe that a Greek debt deal would have been reached by now.\u00a0 As this endless crisis has stretched on month after month, it has become increasingly apparent that more is going on here than meets the eye.\u00a0 In particular, the IMF has been standing in the way of a deal time after time.\u00a0 So what do IMF officials want?\u00a0 Are they looking for the \u201cunconditional surrender\u201d of this new Greek government in order to send a message to other governments that would potentially defy them?\u00a0 Or could it be possible that the IMF actually wants a Greek debt default for some other insidious reason?<\/p>\n

When the latest Greek proposal was embraced with enthusiasm by EU officials, many hoped that this meant that the crisis would soon be resolved.\u00a0 But it turns out that there is still one very important player that is not happy, and that is the IMF.\u00a0 The following comes from\u00a0the Wall Street Journal<\/a>\u2026<\/p>\n

But\u00a0the IMF is still unhappy<\/strong>\u00a0with key aspects of Greece\u2019s new economic proposals and German officials were irritated by the speed with which the commission welcomed them, warning that much work needs to be done.<\/p>\n

Greece\u2019s plan calls for reducing the deficits in its pension system and government budget by relying heavily on raising taxes and social-security contributions, whereas the IMF wanted bigger spending cuts.<\/p>\n

The Washington-based IMF has said Greece\u2019s economy is already too heavily taxed and that too many additional tax increases would hurt economic growth, making it harder to pay down Greece\u2019s debt.<\/p>\n

\u201cIt is still short of everything that should be expected<\/strong>,\u201d IMF Managing Director Christine Lagarde said Monday,\u00a0suggesting Greece will have to modify its proposals significantly to win the IMF\u2019s backing<\/strong>.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Does The IMF Actually Want To Cause A Greek Debt Default? When it comes to geopolitics, there are often wheels working within wheels that are working within wheels.\u00a0 Once in a while we get a peek behind the scenes, but for the most part the machinations of the global elite remain shrouded in mystery most […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,200,6069,1167,418,434],"class_list":["post-9367","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-default","tag-economic-collapse-blog","tag-greece","tag-imf","tag-international-monetary-fund"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9367"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9367\/revisions"}],"predecessor-version":[{"id":9368,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9367\/revisions\/9368"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}