Troika on the verge of ending with tensions between Brussels and the IMF!!!

[link to www.jornaldenegocios.pt]

The Long Goodbye to the troika


Brussels and the IMF are crossed accusations by the design and management of bailouts

The Fund announced his departure from the Commission considers triumvirate and drained the formula [link to internacional.elpais.com]

The troika is doomed to a slow death: the IMF rescue placed third in Greece, in Cyprus only contributes 10%. But the bottom line is that the formula seems exhausted: "I would expect, at least, is that bailouts shorten labor pains and the scar that will leave the crisis. What is happening is the opposite, "gives high European source. Although not all are critical: in Luxembourg, a senior official of one of the European institutions partly defends its work. "Think what would have happened without those programs: a collapse in these economies. Furthermore, without the IMF bailouts were not very different. What happened is logical, three strong personalities not used to sharing power, had the inevitable clashes. But designing the adjustment was difficult: to offset cuts there has been neither in Germany nor devaluation stimuli. That is what you would impute to the troika, including the IMF has only been able to impose adjustments to the rescue, when the problem is the entire euro area, Berlin and Frankfurt. "

The academy is less forgiving. "The troika is uncomfortable for the IMF and Europe. The Fund criticized the European Union for its refusal to restructure unsustainable debts, his failure to recapitalize banks and their insistence on austerity. And Europeans are critical of the Fund for their disloyalty. So it is logical to go from now separating their ways. That does not guarantee success: if Europe continues its denial regarding the banking or the need to restructure debts wherever is necessary, and especially if that race still absurd austerity and reform without the ECB and Germany offset somewhere The disaster is safe, "says Barry Eichengreen of Berkeley.

On this side of the Atlantic, more wax: "The troika is a disaster," shoots Charles Wyplosz, the Graduate Institute. "The IMF should not accept your entry, but once inside the excuses abound. The programs were designed to protect countries that are good, not to save rescued. And in general there is no solution until the creditors reach agreements with debtors: one must break the taboo of restructuring. The opposite is prescribe large doses of aspirin when you have to go into surgery. " Perhaps the hardest is Paul De Grauwe of the London School of Economics, which qualifies the troika of "terrible mistake, in form and content." "The troika has orchestrated a recession throughout Europe with those based on austerity programs without quibble creditor countries such as Germany to do more. The trouble is that the troika killing is not the solution: scissors fundamentalists populating the European institutions ", closes.
[link to internacional.elpais.com]

THIS IS VERY IMPORTANT!!!

Greece - society is breaking down and fracturing.
Turkey - a violent revolution is starting.
Cyprus - a dead nation that just hasn't realised it yet.
Spain - a tinderbox waiting to explode.
Portugal - nearing the end of the road.
Ireland - on life support but in denial.
Iceland - in self-imposed exile.
Slovenia - on the edge of bankruptcy.
France - about to explode in sectarian disorder.
Sweden - struggling to contain social cohesion.
Netherlands - as above.
Bosnia - signs of old ethnic chaos returning.
Hungary - authoritarian government dismantling liberty
Romania - increasing civil violence
UK - society is falling apart and people are turning to nationalism to counter it.
Germany - resurgent nationalism and growing dissent like the UK.

Ah, but shit, the Eurocrats still think their financial games matter! It would be funny if it wasn't so sad.

can somebody invade france again please?