Tag Archives: Tsipras

IMF admits disastrous love affair with the euro and apologises for the immolation of Greece

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The IMF’s chief Christine Lagarde is presiding over an organisation that is almost out of control

The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions.

For the complete article please click on the link below:

http://www.telegraph.co.uk/business/2016/07/28/imf-admits-disastrous-love-affair-with-euro-apologises-for-the-i/

The Coming Elections In Greece

DRJOHN2Dr. John Psarouthakis, Executive Editor, www.BusinessThinker.com

Ever since the communists lost the civil war way back in the late 1940’s, a significant % of the Greek population has been pushing for a radical left government.

Well those people got their wish when in last January SYRIZA the radical left party with Alexis Tsipras at the lead won the election and Tsipras became Prime Minister. He formed a government and the last seven months he showed the world once again that those radical left demagogic ideologies belong in history’s files of negative and distractive experiments. As a consequence, Mr. Tsipras resigned last week and called for new elections, the third election in the last 8 months!!!!!

He has demonstrated that he is strictly a politician caring only for his political interests and not of the Greek people and the Country.

Even though he is young it seems that he is cut from the same cloth as those that have governed poorly for the last several decades!

Unfortunately he has turned out not to be different.

Greece is not functioning today as a State!!! Mr. Tsipras has abdicated his responsibilities and showed complete incompetence in negotiations with the Europeans for the national debt obligations. He has devoted his energies and abilities to his self-centered arrogant decision making!!!!

Only God can help Greece if Mr. Tsipras gets back to govern Greece.

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