Greece is tapping into the cash reserves of pension funds and public sector entities through repo transactions as it scrambles to cover its funding needs this month, debt officials told Reuters on Tuesday. The funds will go to the IMF who will then send the money over to Ukraine.Red Pill Times
Greek government is using social security funds to pay IMF loans. IMF can then send money to Ukraine to fund oligarchs and war?
alexrpt
4 comments:
Sinn is saying they should leave:
http://www.cesifo-group.de/ifoHome/presse/Pressemitteilungen/Pressemitteilungen-Archiv/2015/Q1/press_20150305_Griechenland.html
“The country is practically bankrupt, but still continues to receive public funding. This is a way of delaying the bankruptcy, giving investors the opportunity to make a quick getaway at the expense of the Community of States.”
Pretty negative...
And we wonder if we should take humans seriously. :(
Those zero hedge boys really don't understand the circulation of money do they.
Greece doesn't give Euros to the IMF. It buys SDRs from the IMF who get them from another Euro using nation in return for the Euros, who then invest the Euros in the eurosystem instead of holding SDRs.
The IMF is doing nothing the ECB couldn't do itself.
True, but the perception probably would be similar to thinking one's taxes are going to support "those people."
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