IMF Humiliates Greece, Repeats It Will Keep Funding Ukraine Even If It Defaults

stuartbramhall:

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Predictably, the IMF commits to continue funding the fascist government in Ukraine – even if they default. Not so with Greece’s populist government.

Originally posted on Counter Information:

By Tyler Durden


Global Research, June 20, 2015


Zero Hedge 19 June 2015

One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with “creditors”,  Hermes’ ambassador-at-large Christone Lagarde said that the IMF “could lend to Ukraine even if Ukraine determines it cannot service its debt.”

In other words, as Greece struggles to avoid a default to the IMF on debt which was incurred just so German banks can remain solvent and dump trillions in non-performing loans to US hedge funds and Greek exposure, and which would result in the collapse in the living standards of an entire nation (only for a few years before an Iceland-recovery takes place, one which Greece would already be enjoying had it defaulted in 2010 as we said…

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