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Message Subject GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!
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Can you explain for me what the IMF is suggesting in that article above? I am having a hard time understanding it.

Thanks.
 Quoting: aetrtrb



Sure. It says that if we take the 31.5BN tranche a new haircut which is the only thing that could postpone/save Greek economy won't happen and that this 3rd memorandum will lead Greece in further recession/depression. IMF threatening to leave the troika coz yesterday they said that there are political limits to austerity and sovereignty of countries is violated. The 25BN of this tranche will go for bank recapitalization and IMF suggested yesterday that the 50BN that the Greek banks need should be taken by the ESM and not be on this deal that would have to be paid by average taxpayers. Greek govt is going to Brussels for talks, bankster finance min. wants to follow the EU script, negotiations team wants to take only some money for 5BN bonds that expire on Nov.16 or to pass them on a later day, ECB doesn't want to pass them on a later day and wants to give the whole 31BN tranche to Greece. Eurogroup and negotiations on Nov.12 are critical.
 
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