#regling

Klaus Regling is “very sad” as a result of the “breach of privacy” by Yanis Varoufakis’ audio recordings of the Eurogroup meetings.

Of course he is sad, given that if citizens could hear and see what he said and did, Mr. Regling would find it very difficult to stay employed in any European country, including his own.

If he was scrutinised by the public, would he ever have dared to recommend to a minister of a fellow European nation that he should withhold all pension payments so that his country could pay back an instalment to the IMF?

If he was scrutinised by the public, would European citizens have not noticed that Mr. Regling is not simply a cynical bureaucrat, but an inept one at that?

When he speaks off-script, even when the camera is pointed at him, Mr Regling makes basic technical mistakes. For example, in the most recent documentary of George Avgeropoulos, AGORA II, he said that Italy and Belgium have managed a primary surplus of over 3% per year for decades – something that, with only some basic research, the documentary-maker revealed to be false.

This is the reason why people like Mr. Regling are terrified of the eyes and ears of citizens: public scrutiny.

“You can hear Schaeuble’s voice saying that the profits from Greek bonds he wanted for the German budget,” Yanis Varoufakis revealed in an interview ahead of the controversial release of his secret recordings from the Eurogroup sessions in the first half of 2015.

“Don’t you want to hear Schaeuble speaking about the ECB’s profits from the Greek bonds?” he said in an interview with Skai TV late on Thursday.

Stressing that the promise to Samaras’ government in 2012 was that the profit would return to Greece, Varoufakisrevealed that then German finance minister Wolfgang Schaueble said during a Eurogroup meeting: “No, I need the for my budget. I have no obligation to pass it on to German citizens so that they understand what their own finance minister is doing in their own name. There is no democracy without transparency.”

He revealed that then Eurogroup head Jeroen Disslebloem had threatened with closure of the banks already at the first  meeting in February 2015.

He pointed out that the lenders”took back what they had promised” and “started to lie,” adding that he was expecting “a war.”

he revealed that IMF’s officer in charge of Greece Poul Thomsen and he had agreed on the Value Added Tax issue. “While we were preparing the announcements, he took everything back demanding [a new deal?] on Labor issues,” Varoufakis said adding “that’s lack of word of honor.”

The world has to learn all these things during the negotiations, it has to hear “how we argued when they were giving deadlines to Greece.”

He accused the EU lenders of cheating saying “they never went to the meetings with proposals, but they would come out and claim I was going there with proposals.”

This is what the world has to learn. They had never come up with suggestions and they went out and said that I was going there without suggestions. This is what the world has to learn. You have to hear how they were cheating on the ultimatums they were giving to Greece, “he said, and said if there would be any legal implications for their publication:

A historic day. The end of bailout program. The begin an new era. Lenders celebrate the “great news.”The Greek government cheers. Greece ‘s creditors and and the country’s government congratulate each other. Internationale media are in euphoria. A success story with happy end.

Are they serious? Really? They pushed Greece into the biggest recession since the WWII, threw millions of people into impoverishment, destroyed the largest parts of the middle class, demolished wages and ruined stable work, forced half a million Greeks to migration, shattered health services and implement a personal debt of more than 30,000 euros to every Greek aged 0-99 and beyond.

“Greece’s economy – fulfilling expectations after the elections”? Clearly, a new government brings the opportunity to present new priorities,” said the Managing Director of the European Stability Mechanism, Klaus Regling during his speech at the Economist Conference on Tuesday.

Although the government has just been elected and details remain to be seen, what is currently known seems promising to the extent that the country respects the established surveillance framework and its programme commitments, he added and reminded the conservative government of Kyriakos Mitsotakis of its obligations.

The planned “reduction in tax rates” – top priority for ND government –  could be coupled with a broader tax base, Regling said, although the previous government of SYRIZA had legislation the abolition of broadening the tax base due as of 1.1.2020.

RT @ESM_Press: #Regling: #Greek fiscal policy measures not expected to change projected outcomes in 2017/18. #ESM Member States will now d…

RT @ESM_Press: #Regling: #Greek fiscal policy measures not expected to change projected outcomes in 2017/18. #ESM Member States will now d…

RT @ESM_Press: #ESM Managing Director Klaus #Regling is in Athens today and tomorrow, will meet with Greek Finance Minister Euclid Tsakalot…

RT @ESM_Press: #ESM Managing Director Klaus #Regling is in Athens today and tomorrow, will meet with Greek Finance Minister Euclid Tsakalot…

GREEK GOVERNMENT OFFICIAL SAYS TSIPRAS, LAGARDE, JUNCKER, DIJSSELBLOEM, REGLING, DRAGHI TO MEET AGAIN AT 2100 GMT The material has been provided by InstaForex Company – www.instaforex.com