IMF presses Greece on wages, says debt deal soon

They want to lower basic wages below 500 Euro monthly or 6.000 Euro annually in the private sector!! That sounds reasonable, doesn't it? Of course not! Save the people, not the banks!

The IMF is at it again. The worst thing Greece could do is lower its minimum wage and cut workers' wages. That only shrinks the economy and makes the debt problem worse, as well as drastically lowering the standard of living, depresses businesses (because of lowered consumer demand) and retards growth, which along with a planned default, is the only way out of this for Greece. The IMF is more concerned about squeezing out the cash for the big time lenders than it is about fixing the problem. It always is.

According to "International Business Times" in an article dated 11-09-2007 (The most recent I could find.) the average chines workers wage had increased to $250 a month Is that the level the banks aspire to have Greeks work at? Maybe less? Lets not forget the new higher taxes as part of the austerity.

Are the banks actually helping anything besides their own profits and the enslavement of the Greece working class? Personally I haven't read anything about Greece's debt getting reduced yet, only about how the newer and newer and tougher austerity measures are continually failing to bring the results the banks publicly want. As I watch (It's like a train wreck, you just can't look away.) I just keep seeing new tougher austerity measures, followed by reduced GDP and reduced income followed by reduced taxes collected followed by missed budget targets set by those requiring the tough new austerity measures, followed by another round of talks, followed by tougher austerity measures. Anybody noticing this cycle too?

they have an opportunity to set the example for the world...default, and reorganize their monetary system doing away with fractional reserve banking...let the chips fall where they may.

they would be better of to default and tell the IMF to go fkthmslves!

He urged the government to consider cutting the minimum wage of euro750 ($988) gross pay per month.

that's $5.74 per hour - DOESN'T EVEN MAKE MINIMUM non-living US wages

and euroland is much more expensive

ain't austerity great

If the troika REALLY wanted to HELP Greece, they would press MORE for non-wage budget cuts, court reforms, constitutional reforms to make graft punishable swiftly, and focus on reducing the number of parliament members who cost taxpayers and budget at least 20 million per person, (above the table). Breaking the backs of underdogs with increased taxes and decreasing pensions is not only undemocratic but does not solve the root of the problem either:

* Bankrupt corrupt party cronies that caused the debt are sitting in the Greek Parliament or in top Ministry posts and are called on to solve the same fiscal bankruptcy that they caused.

As much as the people are fond of the new Prime Minister, he seems unable to deal with the party pressure of a HUGE bureaucracy working against him. The bankrupt media, rather than focussing on the core of the problem above, are focusing on the social welfare problems increasing because of unimaginably high taxation.

It really seems that the troika is trying to break the backs of Greek banks as savings are drawn out to pay off taxes. NOT all in Greece are tax evaders, particularly those in the private sector. The biggest tax evaders are those politicians and their high ranked ministry cronies who profited enormously from German and American, and other European companies in exchange for public work projects. Perhaps these same companies should be forced to whistleblow……..

Politicians are in politics.
Politics = political ticks
Ticks are blood-suckers
Politicians = bloodsuckers.
There are lies, damned lies and politician’s lies.
People, don't believe the eu leaders.
The situation in all the eurozone members and in all the eu countries is a total disaster.
If you don't want to become bankrupt get rid of your euros.
It is a useless currency not worth the paper it is printed on.
The metal in the coins is worth more than their face value.
People, send an e-mail to all your friends telling them about wanting to leave the eu and to put pressure for a referendum and tell them to send the e-mail to all their friends who in turn will send it to all their friends.
This will have a snowballing effect and either the politicians listen and scrap the eu or they will be finished.

"debt deal soon" ROFL That has been the same headline for months and months...
I think the Rapture will come first, though.

Beware...the IMF & World Bank !!

How much is the US $$$$$$$ contribution: that we do not have for anything US or our US Military: but have for the continual campaiging fundraising, MO trying to tell us what to eat and when?

The IMF is the international version of the Federal Reserve....it is being set up to replace the Federal Reserve as part of a new world reserve currency and a world monetary system. Go to the IMFs own website, they reveal much of the plan themselves.

IMF demands cutting the minimum wage which is about $6.80/hr based upon a 35 hr week? Since when do these a**holes who caused the problem get the right to dictate to a country it's wages? This is the global agenda of the IMF/World Bank/US/UK Banksters and it ain't gonna fly. But this IMF/World Bank/US/UK Media keeps spouting gibberish journalism with non-sequetors. The Euro is not going down no matter how low the IMF/World Bank/US/UK Credit Agencies rate Europe because they are sovereign countries with their own investors who will buy their bonds. IMF/World Bank/US/UK Twits are quaking in their boots...

Let's enslave Greece. But the Greeks have themselves to blame on this one. This is a disaster for democracy and for Europe.

This Greek dog has disorderly bowel movements. Portugal and Italy are sick puppies. They ate more free cheese than they could digest.

TO THE PEOPLE OF GREECE: Have you not had, throughout history, enough of the humiliation of BOWING TO THE GERMANS ???

Give every member country and its citizens their independence and freedom eu petty dictators.
May God curse the euro and the eu.
May God curse you all you colonialist basta%d PIGS.
May God curse your Quislings in every member country.
May you all be cast into the deepest pits of hell never to emerge again.
May you burn in HELL for eternity petty dictators.
Your dream of the Fourth German Reich by uniting the old French Empire with the German Reich through the eu as the United States of Europe is never going to happen.
You shall be destroyed as the French Empire and the Third German Reich were destroyed.

Greece & the Euro will NOT recover.

People, let’s take the example of what the North African people in Tunisia, Libya and Egypt, Syria and Yemen and other countries did and are doing. Let all the people throughout Europe REVOLT against their eu obsequious lackey leaders and against the eu.
Let us DESTROY the eu and its petty dictators and their dream of a united states of Europe.
They are as much dictators as the ex-North African dictators.
RISE AND DESTROY THE EU AND CLAIM BACK YOUR INDEPENDENCE AND FREEDOM FROM THE EU AND ITS PETTY DICTATORS.

The IMF should send every Greek an alarm clock permanently set for 7:00 am.