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A crisis that has been going on for more than five years entered a new phase when Athens surprised the IMF by saying it intended to bundle up four payments in June totalling €1.6bn and make them all at the end of the month.
The bottom line is that very soon, there will simply be no more money left to take.
originally posted by: bobs_uruncle
a reply to: AnIntellectualRedneck
Every nation in the world should simply stop all payments to the IMF. That might just take a bite out of the corrupt beast.
Cheers - Dave
originally posted by: OccamsRazor04
a reply to: ManFromEurope
If you refuse to repay a lender those sources tend to start drying up.
originally posted by: Nowornevertill
originally posted by: bobs_uruncle
a reply to: AnIntellectualRedneck
Every nation in the world should simply stop all payments to the IMF. That might just take a bite out of the corrupt beast.
Cheers - Dave
I agree, IMF is like a vampire sucking on nations.
originally posted by: Nowornevertill
What if you didn't need their loans because you had your own currency, a nationalised central bank and sovereignty.