Lagarde hopes Europe will 'one day' appreciate IMF

Google –AFP, Jeremy Tordjman (AFP), 28 June 2013

IMF chief Christine Lagarde speaks during an interview with AFP on

 June 27, 2013 at IMF Headquarters in Washington (AFP, Mandel Ngan)

WASHINGTON — IMF chief Christine Lagarde hopes the new Greek government "will hold" and that "one day" the Fund's action in Europe, currently the target of criticism, will be appreciated, she said in an exclusive interview Thursday with AFP.

In a climate of fierce opposition to austerity measures in Europe, Lagarde said that only time will allow the merits of the International Monetary Fund's role in the region, where it is engaged in four state bailouts, to be understood.

"It's natural that the IMF is perceived during its intervention as negative, prescriptive and controlling because it always intervenes in a crisis situation," she said.

She acknowledged there are certain "painful" remedies, but that the results of IMF financial programs should be judged over the long term, noting the IMF's work during the Asian crisis in the late 1990s.

"In Asia, the countries which bitterly criticized the IMF are today grateful to have been pushed to enact reforms. I hope that one day the IMF action in Europe will be appreciated" in the same way, she said.

She voiced hopes that the recently weakened government in Greece, the epicenter of the eurozone crisis, would be able to hold up, as international creditors continue to press for reforms.

"It's a thinner majority in parliament than they had before. I hope it will hold," she said.

"I'm convinced that Prime Minister (Antonis) Samaras and his colleagues will be keen to support the program of Greece."

Turning to Egypt, another country in the throes of political instability, Lagarde expressed hope for a potential IMF aid program, evoking the idea of "a long journey" with the authorities that has not reached the destination.

But she said the proposed IMF aid program -- which early this year was put at $4.8 billion -- would not meet the country's needs.

"I very much hope that we can find the ground and the terms under which we can reach conclusion with the Egyptian authorities, where we have efforts on their part to address the key issues, support of the international community to participate in the financing, because the IMF financing will not be enough," she said.

The IMF chief also discussed the recent agreement of the Group of Eight major economies to crack down on tax evasion by multinational companies.

Tax evasion "is very bad for states because it deprives them of needed revenue to combat budget deficits," she said.

"And it's unfair to small and medium-sized companies which do not have the means to evade taxes."

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Archangel Michael on the World’s Movement into the Golden Age, March 24, 2013 – Part 2/2

“… GW: Shifting to events that are taking place in Europe at this point in time, it seems that the events in Europe are reaching or about to hit a breaking point of some kind. Several leaders, including Nigel Farage and allegedly Russian Prime Minister Medvedev have suggested that people should be removing their money from their accounts as the cabal may attempt a last ditch grab for money.

Now, I know, and perhaps many know, that the current system is corrupt and that there will have to be a degree of change in the current system before people will be willing to embrace the new system.

I don’t wish this question to sound alarmist to people, but is what is happening now one of the final, if not the final, straw that will help expose the banking cabal and allow the new system to be implemented? Is this new system ready? Or is it already being implemented? Or is it still only limited to preparatory work?

AAM: No, it is already underway. It is already being implemented. And yes, we do not wish to sound alarmist either, and so we also wish people to know that their resources, what they think of as their money, for those who have saved and put their faith in banking systems, they will be protected to a certain extent. So do not think that you have need to run out and remove all your monies, or that it will be completely gone. But yes, this is the beginning of a transition.

The expression of the lack of faith in particularly the European banking system causes enormous disruption, more significant perhaps than anywhere else. And so yes, it does have a domino effect, but it is not one simply shutting down [the old system] and a new system emerging. It is coming into balance with the new emerging as the old simply fades away.

Is it a last ditch effort on the part of those who have clung to the old paradigm of the 3rd, what you call the cabal? Yes, it is. But it matters not, because it is not going to work for them. Seldom are things such as this situation so black and white. There is always room for free choice and free movement and adjustment.

But in this situation it is simply evolution and expansion. And the expansion of the new, of the new paradigm, of what you think of as Fifth-Dimensional financial systems does not allow for systems that are based on greed and theft and control — and unfairness, basic unfairness, usury.

So, it is rather clearly defined. You have an expression that you use on Earth, “Out with the old.” And this is one of those situations where it is, in fact, the truth.

GW: Okay. So, along the lines of the leadership, or at least some of the leadership of what’s taking place in the financial sector globally, it has been reported that the apartment of the IMF managing director Christine Lagarde was raided last week.

Was this an attempt to expose her as part of the banking cabal, or was it an attempt to stop her from fulfilling the reforms that she is allegedly trying to bring to the international banking system?

AAM: It was an attempt to gather information and perhaps even destroy documentation that she is trying to bring forth for the reform of the financial situation. It was an unsuccessful raid.

GW: Okay. So what I’m hearing in your answer, then, is that Christine Lagarde is working for, I guess, the forces of light to bring the greater change to the IMF. Am I correct?

AAM: Yes. This one has had a real turn-around. No, we do not ever categorize individuals or groups or people as light or dark. But this one has truly committed herself to reformation.

She sees and she has the experience very clearly of knowing what does not work. And therefore she has committed her mission, her purpose to this reformation.

GW: Okay. And could the same be said about the new US Secretary of the Treasury Jack Lew? Is he on board with all the changes and working for the reformation as well with Lagarde?

AAM: He is an agent and an angel of change. He could not be simply on board. He is a moving force. ‘…‘’