IMF and Greece - Greek Crisis

Telegraph - Live Blog: Reports in its 6.14pm the following post, " Amid all the drama of that aborted eurogroup, the IMF's chief spokesman Gerry Rice has reiterated the Fund's stance that it is not willing to provide Greece any leeway if it fails to make its dues on June 30.  "

Lets Get Real:

The Greeks face DOOM next week if it can not repay back its IMF loan, this would mean it was in default, and thus Greece could exit the Euro.   The Greeks have to accept the fact that they are now a province of Germany, its up to Berlin to decide what level of economic pain Greece must suffer for its bad welfare structure.    The Greeks could be lucky, they get out of the Euro, have their own currency, less influence from Berlin and make a comeback, but for present think of Poor Greece.  On the other hand a pound should go a long way in Greece this year, so take your holiday in Greece, cheap Greece needs money and you can help a Country get back on its feet.  WIN WIN

The FINAL Days of a Free Greece - Greek Crisis

Guardian: Reports " Greece bailout talks break down again..Eurozone finance ministers meeting ends without agreement after fourth diplomatic failure in eight days "

Lets Get Real:

The Greeks have abused the goodwill of the EU/IMF, the left wing government has no interest in keeping the EU/IMF happy, they came in to power in opposition to austerity of the EU and Germany. The clock has hit 12 and its time for the Greeks to accept that they are nothing more than a poor province of Germany.    It will be the Germans that decide if Greece gets its money, one has to be amazed at the restraint of the German taxpayer, how billions have been sent to cover Greece and none of it will come back, time to cut the cord, the Greeks have to learn the hard way, if you spend money you do not have you MUST PAY, thus Greece could face internal  unrest, strife between the rich and the poor and various sectors of society.    Poor Greece.   At least taking a holiday in Greece will be cheap. 

EU and Greece - NOT DEAL YET

BBC News: Reports " Greece and its international creditors remain in deadlock over its debt crisis despite a series of top-level meetings. "

Lets Get Real:

This is the time to finish these talks, the Greeks are making fools of the EU/IMF, they have not intention of cutting the welfare state in Greece, once something is done in welfare and is seen as a right it is very hard to take it back, e.g ObamaCare in the US. The EU need to be tough, either Greece obeys what the EU/IMF want or its on its own. The Trojan Horse has come back home.