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MarkGB 

"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

EU & IMF rules are disposable when required by their political agenda

In response to an FT article by Shawn Donnan on 26th February 2015, entitled 'IMF's Christine Lagarde shows tough love to Greece over bailout'

http://www.ft.com/cms/s/0/304383d8-bd5f-11e4-b523-00144feab7de.html#ixzz3Sw5vgDqE

The so called 'rules' of the EU and the IMF seem to be disposable if they get in the way of the political agenda.  The admittance of Greece to the Euro was a process that I believe would have been called 'fraud' if it did not suit that agenda. 

This 'not fraud' was 'not aided' and 'not abetted' by Goldman Sachs, who used swaps to make it look as if they were in better shape than they were. Because it was a welcome 'not fraud' it was also 'not noticed' by the IMF.

If I had never had access to a 'not history' book I might take the impending 'not fraud' in Ukraine at face value. The IMF will fudge and fiddle, and they will bail out Ukraine. Not because their rules support this, but because the 'Not US' and the 'Not EU' wants them to...because they are engaging in 'not financial war' with 'Not Russia'.

Japanese people have not lost their sense of smell

Martin Wolf says addiction to debt has come even to China