Wikileaks: IMF deliberately causing debt crisis in Greece

This is an incredible story that sounds like some kind of trashy political thriller - except the documents have been revealed  by Wikileaks.

European elites in the IMF have been working behind the scenes to engineer several crisises in order to amass power and influence. Tyler Durden of Zero Hedge Blog:

One of the recurring concerns involving Europe's seemingly perpetual economic, financial and social crises, is that these have been largely predetermined, "scripted" and deliberate acts.

This is something the former head of the Bank of England admitted one month ago when Mervyn King said that Europe's economic depression "is the result of "deliberate" policy choices made by EU elites.  It is also what AIG Banque strategist Bernard Connolly said back in 2008 when laying out "What Europe Wants."

To use global issues as excuses to extend its power:

  • environmental issues: increase control over member countries; advance idea of global governance
  • terrorism: use excuse for greater control over police and judicial issues; increase extent of surveillance
  • global financial crisis: kill two birds (free market; Anglo-Saxon economies) with one stone (Europe-wide regulator; attempts at global financial governance)
  • EMU: create a crisis to force introduction of “European economic government”

This morning we got another confirmation of how supernational organizations "plan" European crises in advance to further their goals, when Wikileaks published the transcript of a teleconference that took place on March 19, 2016 between the top two IMF officials in charge of managing the Greek debt crisis - Poul Thomsen, the head of the IMF's European Department, and Delia Velkouleskou, the IMF Mission Chief for Greece.

More to the point, the IMF officials say that a threat of an imminent financial catastrophe as the Guardian puts it, is needed to force other players into accepting its measures such as cutting Greek pensions and working conditions, or as Bloomberg puts it, "considering a plan to cause a credit event in Greece and destabilize Europe."

According to the leaked conversation, the IMF - which has been pushing for a debt haircut for Greece ever since last August's 3rd Greek bailout - believes a credit event as only thing that could trigger a Greek deal; the "event" is hinted as taking place some time around the June 23 Brexit referendum.

As noted by Bloomberg, the leak shows officials linking Greek issue with U.K. referendum risking general political destabilization in Europe.

The leaked transcript reveals how the IMF plans to use Greece as a pawn in its ongoing negotiation with Germany's chancelleor in order to achieve the desired Greek debt reduction which Germany has been pointedly against: in the leak we learn about the intention of IMF to threaten German Chancellor Angela Merkel to force her to accept the IMF's demands at a critical point.

The Brits were already skeptical of European economic integration and this only adds fuel to the fire. For very good reasons, British nationalists and many conservative politicians don't want to put their economy in the hands of these pirates. 

The IMF, as well as the European Central Bank, have improverished Greece with their debt reduction demands. While the situation in Greece is almost completely their own fault, there are solutions that wouldn't have bankrupted the country and sent the economy into the worst depression in modern history.

The Euro elites have seized upon the Greek debt crisis and are using it as a club to get what they want. Can they be resisted? Like cockroaches, shining a light on them sends them scurrying for cover. The leak of these documents may have scuttled their plans.