The Phaserl


SMOKING GUN: IMF’s Director Batista Admits Greek Bailout Was “To save German & French banks”

from Keep Talking

This was never said officially before!They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday.

Batista strongly criticized not only the euro zone and the European Central Bank but also the IMF and the Fund’s managing Director Christine Lagarde for defending Europe much too much..

He urged Greece to directly negotiate with the IMF and favored the restructuring of the Greek debt that is been hold by the European partners.

Paulo Nogueira Batista is from Brazil and represents ten Latin America countries in the IMF board of Directors.

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hat tip: Dave Kranzler

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