So what is going on? Does anyone even know? Games of hide and seek, charades, plain deceit or complete clulelessness?
This morning we were informed here in Greece that a report drawn up by ALPHA Bank showed quite clearly that Greece has done not only better than expected but better than anyone (anyone being the troika and the Greek government) is admitting. Apparently revenue is greater by 3 billion and expenditure less by 3 billion than what the troika and government are telling us and working on. In other words Greek figures for 2012 are better by 6 billion which means we have achieved a primary surplus.
Now this afternoon news comes from the IMF that Greece will need a third bailout. The reasoning being, no doubt, that since the first two bail outs have done such a good job of ruining the Greek economy then we should implement a third one to devastate the country entirely.
The Minister of Finances Stournaras promptly denied that Greece was seeking a third bail out, but then they always do deny it before it happens, so we can give no credence to that, one way or another.
On top of this there was news last night that since Greece was delaying in fully agreeing to all the troika’s (impossible and unrealistic) terms, the 31 billion tranche could not be disbursed till November. Which instantly brings to mind the American Elections. And the possibility of a Grexit thereafter.
Oh and the visit to Athens by Moscovici, the French Minister of Finances is again being flaunted as a great success for Samaras, talks held in an excellent climate, beaming smiles all around.
Which does beg the question. If Samaras has achieved such good will from the Euro Powers that be, smiles and endorsements from The Frau, Draghi, Junker, Barroso, even, what’s is name “who are you?” Rompuoy and Now Moscovici, how come the troika (who are only their minions after all) refuses to accept any of the Greek proposals for the infamous 11,5 bill. in cuts because, they say, they do not trust them?