Greece and … IMF?

A very interesting thing has caught my eye in the photographs from the recent riots in Athens, Greece.

Graffiti on the wall in Athens says "I.M.F. GET OUT"

If you look at the pictures, it very definitely says “I.M.F. GET OUT“. Why would demonstrators talk of IMF in Greece? Would it be possible that Greece bought into one of those IMF backed plans? If so, it would be interesting to learn a bit more about what economic development “plan” was sold to Greece. It is also quite interesting to see that Reuters does not mention IMF in their articles on Greece for some reason. Did they not see their own pictures?

Eurozone troubles drove U.S. treasury debt prices higher as investors fled to havens including gold and the dollar.

Seek the one who benefits, right?

Did you see how much Euro went down recently? Do you think it is normal? Do you think if Greece went bankrupt it would really mean something apocalyptic for the Euro-zone? No, really? How much of the all-European economy is in Greece? Come on, be realistic, Greece is too small for the kind of impact pictured in those articles. But panic! yes, panic can hurt Euro-zone, oh, yes… I have seen panic used many times in the recent years… and always by the same powers… rings a bell, yes, it does.

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