Christine Lagarde has warned that Greece can expect little sympathy from the International Monetary Fund on its bail-out terms, and called for its citizens to "help themselves" out of the financial crisis by "paying their tax".
Strong messages from the head or the IMF, the head of Deutsche Bank, and the president of the Bundesbank are highly likely to drive Greek voters away from New Democracy and Pasok in the June 17 elections.
The Guardian writes It's payback time: don't expect sympathy – Lagarde to Greeks.
The International Monetary Fund has hinted Greece could be forced out of the eurozone, as the country edges closer to judgment day with its foreign creditors.
IMF chief Christine Lagarde admitted she could not “preclude” a “potential” Greek exit, after four months of tortuous bail-out talks that have failed to get both sides closer to a deal to release aid to the country.
The preponderance of recent Greek polls show a tight election. However, the latest Public Issue Survey stands out, and I happen to think that is the most accurate one.
Please consider Going into final stretch, SYRIZA builds poll lead
In the last opinion poll to be published by Kathimerini before the June 17 elections, leftist SYRIZA maintains a clear lead over New Democracy, although short of enough support for a clear parliamentary majority.
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Eurozone countries are falling like dominos. But bailouts—funded by taxpayers in other countries—keep banks from collapsing, governments from defaulting, and investors from incurring well-deserved losses. Bailout money that no one has. And so it's borrowed. Borrowing is pain free, and easier than collecting taxes. Until it’s impossible. Hence a debt crisis.
Across the nation and the world, critics and fervent supporters have accepted an Obama presidency as a fact now. The main message that would stick to the mind of the business minded electorate this election is taxes. Not only Joe the Plumber but many enterpreneurs trying to find safe heaven in the recession now have to think about the new burden "tax-and-spend" policy will bring.
Still... what are the facts. Here is the complete Obama tax plan quote:
One phrase echoed from Brussels to Frankfurt and Washington as Greece’s creditors examined and then waved through the country’s new economic policies: “starting point.”
While the month-old government in Athens was praised for coming up with a workable package of measures including maintaining state-asset sales and collecting more tax, the European Commission, European Central Bank and International Monetary Fund all warned that action speaks louder than words.
Yesterday, we reported that prosecutors from Greece's SDOE financial crimes unit had turned over the findings of a new probe into the infamous "Lagarde List" of alleged Greek tax evaders to parliament.
Greece's Socialist party leader Evangelos Venizelos accused IMF chief Christine Lagarde of trying to "humiliate" the crisis-hit country by saying Greeks dodge taxes as he campaigned Sunday for crucial June elections."Nobody can humiliate the Greek people during the crisis, and I say this today addressing specifically Ms. Lagarde... who with her stance insulted the Greek people," Venizelos told an election rally.