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"The purported statements of the European Commission representative in Sunday newspapers are at the very least off target, and certainly inaccurate," Papaconstantinou said in a press statement midday Sunday.

The three international lenders--the IMF, EU and ECB commonly know as the "troika" in Greece--held a very controversial press conference Friday. It was their third review of the debt-laden Mediterranean state's progress on austerity, fiscal consolidation and economic restructuring reforms. And while they approved the fourth EUR15 billion aid tranche, they also ratcheted up expectations on reforms.

...Greek Prime Minister George Papandreou midday Saturday called the head of the IMF, Dominique Strauss-Kahn, and Olli Rehn, the European Commissioner for economic and monetary affairs, to complain about the tone of Friday's joint press conference of the international lenders of last resort. Papandreou also criticized the statements as "unacceptable." Other government ministers have talked about a breach of the country's sovereignty and underlined the cabinet only takes orders from the Greek people.

That's now even worse: both the IMF and the Commission catching the fire before the ECB.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Sat Feb 19th, 2011 at 06:28:31 AM EST
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