Exclusive - IMF, EU clash over Greece's bailout prospects
(Reuters) - Greece's international lenders are at loggerheads over how to solve Athens' debt crisis, threatening more trouble for the euro as the IMF demands European governments write off some of the Greek debt they hold.
Officials from Greece and the "troika" of European Union, European Central Bank and International Monetary Fund have told Reuters that tensions among them have increased of late as the Washington-based Fund has played tough.
It has been pushing to restructure debts Athens owes to public-sector foreign creditors. EU leaders prefer to give Greece more time to meet bailout goals.
Already facing an electoral backlash over bailouts and austerity, and unsure what may be needed to defend the creaking public finances of heavyweights Spain and Italy, EU leaders do not relish IMF proposals that they swallow tens of billions of euros of losses on their holdings of Greek government bonds.
Throw them all out - IMF, EC, ECB, banksters, politicians.
First, make local state economies bail out local banks so local state economies go bankrupt.
Second, make people in other member states bail out - not PIGS etc. but private capital that was draining now de facto bankrupt state economies.
Third, NOW, after the private capital has been given all the time and other support to detach from risks of PIGS etc. bonds, IMF says that public gotta pay in all EU states - to keep PIGS etc. to paying interests to... tadaa... Washington based IMF.
Fourth, more and more xenophobic propaganda and bashing, divide and conquer, schock and awe.
Make no mistake there in America, when EU is sucked dry, the "message" really starts to hit home turf in US, hard. You ain't seen nothing yet.