Yahoo – AFP,
17 July 2015
 |
An EU flag
waves above the Parthenon in Athens as Eurozone countries
finalise an 86
billion euro bailout for Greece (AFP Photo/Aris Messinis)
|
Paris (AFP)
- IMF chief Christine Lagarde on Friday stressed the importance of easing
Greece's debt burden for her institution to participate in the European rescue
package for Athens.
Speaking on
French radio, Lagarde was asked whether the rescue plan for Greece clinched in
Brussels on Monday was viable without restructuring Athens's enormous debt
load.
"The
answer is fairly categoric: 'no'," she insisted.
She said
Greece's European partners had accepted the "principle" of easing the
debt burden, but "neither the amount nor the method."
"For
us to participate, we need a complete programme and from our point of view,
this programme has two parts," she told Europe 1.
The first
part is that the Greeks must enact fundamental reforms to free up the economy
and allow it the possibility to grow.
 |
International
Monetary Fund (IMF) chief Christine Lagarde talks to reporters after
Eurozone
leaders agreed a Greek bailout plan after a crisis meeting in Brussels,
on July
13, 2015 (AFP Photo/Thierry Charlier)
|
"The
second part comes from the lenders, and that consists on one hand of providing
finance and on the other hand of restructuring the debt to ease the
burden," she said.
She said
she preferred to extend the maturity of the debt and also stretch out a grace
period during which Athens is not obliged to make payments.
Lagarde
also said the interest payments should be reduced to the minimum amount
"to make the debt sustainable."
On
Wednesday, the Greek parliament passed a sweeping and unpopular set of reforms
demanded by creditors in return for an 86 billion euro ($94 billion) rescue
package.
Chancellor
Angela Merkel on Friday acknowledged that the contentious deal was
"hard" for all sides, as she urged the German parliament to vote in
favour of the agreement.
 |
G20 Finance
Ministers and Central Bank Governors pose for the G20 family photograph
during the
World Bank/IMF Annual Meetings in Washington on October 11, 2013 (AFP, Mandel
Ngan)
|
Related Articles:
“… 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. ‘…‘’
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