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 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.
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:
The IMF said Thursday that its chief Christine Lagarde regrets upsetting Greeks in remarks she made contrasting Greece's plight with that of poorer Africans.But as Greeks vented anger online, including in a popular Facebook website titled "Greeks are against Lagarde," the International Monetary Fund did not repudiate her criticisms of the country, especially those saying Greeks needed to pay their taxes."She said she regrets her remarks were misunderstood and caused offense. That was not her intention," IMF spokesman Gerry Rice told reporters.
Prepare for Greece to exit the Eurozone. Germany has made a request that in my opinion practically guarantees that outcome. The Financial Times has a pair of articles on the matter but the conclusion above is mine.
German Government Calls for Greece to Cede Sovereignty to Eurozone "Budget Commissioner"
Please consider Call for EU to Control Greek Budget
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.
ATHENS: Greece and its membership in Europe's joint currency faced an uncertain future Monday, with the country under pressure to reach a bailout deal with creditors as soon as possible after Greeks resoundingly rejected the notion of more austerity in exchange for aid. With Greek banks running out of cash and facing the danger of collapse within days without new aid, the government in Athens is racing against the clock.
??can be merciless, and the IMF is political even if it's not a country. IMF chief??Christine Lagarde??suggested in an interview with UK?s Guardian??that the Greeks should pay their taxes. It turns out Ms. Lagarde?legitimately?doesn't pay them herself. In fact, her IMF salary of $467,940 plus an $83,760 additional allowance is not subject to any taxes. ...