Greece: Now you see it, now you don’t
Understandably, Greek citizens are upset due to the fact they have to interact with world banks via the International Monetary Fund (IMF).
There have been demonstrators and protester in the street everyday since announcements were made public their government is seeking funds from the IMF. If I were in Greece, I too would be a demonstrator and protester.
I would be motivated by what I have heard about the IMF in African countries wherein most of their citizens are not allowed to feed themselves. I would be mindful hearing water bills of the citizens have gone up and they are forbidden to grow certain foods indignant to their soil plus the elimination of certain agricultural institutions that were safety nets for them. Now other countries have to feed them.
Until I found out what the IMF does when it ‘loans’ you money, seeing pictures of starving people in Africa did not make sense to me. Since I am not a citizen of Greece, the least I can do is wish them well, and I do.
As always,
BB
P.S. I have not heard citizens of any country singing praises to the IMF.
Hydra-headed http://www.blogger.com/img/blank.gifGreek crisis rises anew
By Scott Patterson, USA TODAY
Excerpt:
First, the facts. Greece is in a serious fiscal hole. Its public debt currently stands at about 350 billion euros, or $500 billion. The immediate concern is about a 12 billion euro ($17 billion) payment it owes on its debt by mid-July.
Read more at:
http://www.usatoday.com/money/world/2011-06-20-greece-crisis-background_n.htm
And
Breaking: Foreign Banks Force Massive Sale of Greek Public Assets
By bink
http://www.dailykos.com/story/2011/06/20/986950/-Breaking:-Foreign-Banks-Force-Massive-Sale-of-Greek-Public-Assets?via=siderec
(Linking to Dkos has gotten ‘messy'! I can not use my usual format.)
There have been demonstrators and protester in the street everyday since announcements were made public their government is seeking funds from the IMF. If I were in Greece, I too would be a demonstrator and protester.
I would be motivated by what I have heard about the IMF in African countries wherein most of their citizens are not allowed to feed themselves. I would be mindful hearing water bills of the citizens have gone up and they are forbidden to grow certain foods indignant to their soil plus the elimination of certain agricultural institutions that were safety nets for them. Now other countries have to feed them.
Until I found out what the IMF does when it ‘loans’ you money, seeing pictures of starving people in Africa did not make sense to me. Since I am not a citizen of Greece, the least I can do is wish them well, and I do.
As always,
BB
P.S. I have not heard citizens of any country singing praises to the IMF.
Hydra-headed http://www.blogger.com/img/blank.gifGreek crisis rises anew
By Scott Patterson, USA TODAY
Excerpt:
First, the facts. Greece is in a serious fiscal hole. Its public debt currently stands at about 350 billion euros, or $500 billion. The immediate concern is about a 12 billion euro ($17 billion) payment it owes on its debt by mid-July.
Read more at:
http://www.usatoday.com/money/world/2011-06-20-greece-crisis-background_n.htm
And
Breaking: Foreign Banks Force Massive Sale of Greek Public Assets
By bink
http://www.dailykos.com/story/2011/06/20/986950/-Breaking:-Foreign-Banks-Force-Massive-Sale-of-Greek-Public-Assets?via=siderec
(Linking to Dkos has gotten ‘messy'! I can not use my usual format.)
posted by BB at 12:56 AM
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