What's she saying? Let's put it this way, if you buy that the definition of insanity is doing the same thing over and over again, and expecting a new result, then this is it.
She's adamantly against a restructuring or anything else that's not totally voluntary by banks.
Instead, she wants Greece to move faster on reforms in exchange for any more aid.
Of course, moving faster on reforms, just means moving faster to the bottom, since the austerity measures taken so far have only made the situation worse on the debt/deficit front.
Of course, all this makes her a fine candidate for the IMF position -- where she's tipped as the likely favorite -- since this has been their philosophy forever, with horrible results.
Likely New IMF Chief Has a Hardline Bankster View
Christine Lagarde, who is the front runner to become the next IMF chief, surprise, has a very bankster like view of how the PIIGS should be dealt with.
Her position: No restructuring---the PIIGS pay every cent they owe to the banksters.
She also wants Greece to move faster on "reforms" in exchange for any more aid---reforms, of course, mean sucking more money out of the Greek people and delivered directly to the banksters.
Lagarde is a total insider. She was the first female chairman of the international law firm Baker & McKenzie. Despite being a French citizen, Lagarde worked as an intern at the United States Capitol, as William Cohen's congressional assistant. She is currently the Economic Minister of France.
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