The Greeks and the IMF - The Greek Crisis

BBC News: Reports " Banks to stay shut, capital controls imposed "

Lets Get Real:

The Greeks have done this to themselves, they elected a left wing government that promised them the earth and now Greece is up the creek without so much as a paddle.   The Greeks if they want to get out of this should vote YES in the referendum for the deal offered by the EU/IMF, it is not even a given that deal is still on the table.   The Greeks have to buckle under and obey the IMF and the EU in the form of Germany.   This is what happens when your welfare states goes MAD.   As it has been reported some Greeks retired at 50, or had jobs as gardeners with no garden to work.   Time for the Greeks to wake up and small the coffee. 

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. 

The Devil is in the detail - Greek Crisis

Telegraph - Live Blog: Reports  in its 1pm post the following, " It seems the Greeks have given short shrift to a revised set of measures put on the table by the IMF today, after having their latest plan thrown in the bin.   According to Greek media, the Fund put forward plans for deeper pension cuts, double the cuts to defence spending, and less hikes in corporate tax rates.  "

Lets Get Real:

Since the Greeks elected its left wing government the condition of Greece has gone down the toilet, the Greeks should have fresh elections and elect a government that does what it is told by the EU and the IMF.   The Greeks have a choice, either obey or get out of the Euro and even the EU.   The taxpayers of the Euro are not going to put up with paying the bills of the Greek left wing government.   The LEFT wing government does not want to deal with reality, either you take the money from IMF and do as they have stated, or try and going it alone with the help of the Russians, if they have the money to keep Greece going, does Putin want to alliance with a dead donkey that is sucking the last Euro out of the Greek Government. 

Those Greeks, pulling another Trojan Horse - Greek Crisis

Guardian: Reports " Greek bailout deal hangs by thread as Tsipras rails at creditors..Two sides remain deadlocked over compromise that would allow Athens to unlock €8bn in financial aid "

Lets Get Real:

The Greeks have been caught trying to throw sand in the face of the IMF, the Greek plan calls for more tax hikes in Greece, as the article points out the IMF has seen that plan before and it did not bring in as much as expected.     Thus what now, it can be postulated that some of kind will be tabled, it is more of PR stunt, no one wants to cut the cord and allow Greece to leave the Euro, on the other hand the German tax payer does not want to pay the debts of the left wing government in Greece.   This crisis will return in a few months, what tricks will Greece have in its pocket next time. 

Iran and the bomb - Iran Crisis

BBC News: Reports " Iran nuclear talks: Khamenei rejects key US demands  "

Lets Get Real:

The reason for the above is simple, Tehran sees the Obama White House as weak, they know if they push they can get a better deal no matter what the Oval Office says, the Obama Administration needs a deal with Iran as a legacy, no matter if it is flawed and benefits Iran.   President Obama can smell a deal, he wants something that looks good to left wing bloggers and writers.   The US Congress has to be tough, it has to reject any deal that benefits Iran and allow Iran to get the bomb within a few years.   This could be the next big battle on the Hill.