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.
Greece was supposed to finalize a deal today with its lenders whereby in exchange for an "agreement" to implement already agreed upon budget cuts it would receive more funds from the Troika. However, as Reuters reports, "there will be no deal between Greece and its lenders on Friday that would unlock loans and enable vital debt relief talks, despite some progress on the reforms Athens must implement in exchange, euro zone and IMF officials said on Friday."
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
??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. ...