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Sunday, 8 January 2012

Confidential documents leaked from IMF indicate that IMF's leadership has little hope for Greece

Der Spiegel (The Mirror) reports of gloom perspective for Greece in Eurozone. Privately, the IMF's leadership doesn't believe that Greece would be able to maintain the payments for its debt.

Indirectly, this is confirmed by the hopes of Greece to write off a lion share of their debt next week. No wonder any attempts to force private banks to buy European debt are futile. Meanwhile the Euro continued its free fall to new lows.

Germany, as a major vestor in Eurozone, has a little space to manoeuvre, as a scandal around the President of Federation is flaring, and society tolerance already wasted on that.

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