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IMF chief not ‘terribly positive’ about Greek debt outlook
Posted on 28 January 2012 with 3 comments from readers
International Monetary Fund Managing Director Christine Lagarde discusses Greece’s progress on structural overhauls and the role of the IMF in avoiding a default.
She admitted to being not ‘terribly positive’ about the outlook, and spoke with Maryam Nemazee and John Fraher on Bloomberg Television’s ‘The Pulse’ from the World Economic Forum’s annual meeting in Davos, Switzerland.
Posted on 28 January 2012
Categories: Banking & Finance, Bond Markets, Global Economics, Hedge Funds, Investment Gurus, US Stocks, Video Channel
3 Comments posted by readers:
looking at interview sends shivers down my spine,
Lagarde is been extremely defensive……
I never heard, Ms Lagarde, in this video clip, say that she was not ‘terribly positive’ about Greek debt outlook.
Ed Note: Try listening again she does!
Why should Germany hand over another $150B+ to Greece, without making huge demands? Germany sees real danger to throwing money to fools, and is now demanding that Greece do the following:
German Demands:
1. Give Absolute & Binding Priority to Debt Service
2. Transfer National Budgetary Sovereignty to EU
It’s time for Greece to say goodbye to the Euro (and for the Eurozone to say bye to Greece, too!), and my guess is that the Greek banks will under massive pressure to declare a bank holiday for a few days. As bad as it is now for Greek citizens, it’s gonna get far worse!