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It appears the IMF and ECB central fiat bankers are angling to maintain control - over any country they can - of course.

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The following falls into "one of the most absurd paragraphs of gobbledygook I've seen in quite some" time category:

"Currently Greece enjoys special dispensation that allows its banks-

-to use Greek government debt -

(which the Greek government can't pay because it's broke)

- and (use what?) government-guaranteed bank debt-

(bank debt which the Greek government can't begin to cover or guarantee because the Greek government can't even pay it's own debt, let alone cover any of the Greek banking debts)

- as collateral in exchange for funding from the central bank,

- despite being rated as "junk."

(So... this deal translates into utilizing already massive debt - that neither the Greek banks, or the Greek government can pay because both institutions are flat broke - meaning they have nothing in the 'asset' column on the balance sheets - as 'collateral'(??) for the IMF to assign and guarantee even MORE debt to Greece - which is already in debt so deep that it is bankrupt.)

"This waiver was granted as part of a deal under which the country committed to undertake a package of structural reforms insisted upon by the Troika in exchange for bailout money."

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What the above sham of a transaction proves beyond any doubt, is the IMF is simply after control of countries it infests (does business with - 'or gives the business to'...) because obviously...wait for it...

...the IMF is actually GIVING NOTHING OF VALUE - except the IMF is simply assigning more debt to Greece, and guaranteeing WHAT...?

The IMF is guaranteeing they will be in the pockets of producers of real revenue (Greek taxpayers) until the end of time...

What Einstein made this deal for the people of Greece?

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The Fiat central banking game never changes, be it a debt note to purchase a home or property, by an individual, or a debt note assigned to cover debts and shore up banks, government, or economy of a given country.

The game is to issue debt, maintain the debt, manage the debt, and make sure the debt continues on into perpetuity.

The game is, as long as you can maintain a debt, you will always have profit (usury) and a stranglehold over the assigned debtor.

That is the problem with fiat central banks.

They NEVER ASSUME ANY RISK - AND THEY NEVER GO AWAY.

So why doesn't Ireland, Greece, or any other debtor nation such as the usa, print their own currency, and say good by to the fiat central bank sham once and for all?

Fiat central banking - anywhere on the planet - is all valueless semantics, mind control, murder, loan sharking, threats of military force, theft, and extortion.

If the IMF can guarantee Greek debt using already junk status debt as collateral - obviously there is no concern for value, and there never was a concern for value to begin with.

Lion

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: The European Central Bank (ECB) is threatening to withdraw
: emergency funding from Greek banks if the Greek government
: doesn't do what it wants.

: The central bank's actions toward Greece occur less than two
: months after secret letters revealed that the ECB
: threatened to pull emergency funding from Irish banks if
: the state did not apply for a bailout, in what many saw as
: an overreach into the sovereign affairs of the country. The
: ECB later pretended that Ireland had applied for its
: bailout voluntarily. The letters revealed that in fact the
: ECB had required the Irish government to apply.

: It is one thing for the ECB to require individual banks to
: follow certain technical rules to maintain their liquidity.
: It is quite another for the ECB to pressure a government by
: threatening an entire nation's banks with a sudden default
: by yanking their liquidity en masse.

: That's what is going on now with Greece.

: The new Greek government, led by the left-wing Syriza party,
: is attempting to renegotiate the terms of its bailout deal
: with the so-called Troika. The Troika consists of the ECB,
: the European Commission, and the International Monetary
: Fund (IMF).

: Syriza wants a shift in the focus of "structural
: reforms" toward increasing tax collection and
: government efficiency and away from crude budget cuts; a
: "European debt conference" to renegotiate the
: repayment terms on the country's debt (including linking
: interest payments to growth and writing down some of the
: debt); and a reduction in the government budget surplus the
: country is required to run.

: The Troika wants to keep the current deal, which requires the
: Greek to run a budget surplus (with a target of a 4.5%
: surplus in 2016) and implement a programme of reforms to
: bring government debt down from its current 175% of GDP to
: 124% by 2020.

: The country's access to the funding from the central bank that
: supports its banking system may be cut off at the end of
: the month unless a compromise is struck. This, at least, is
: the message coming from members of the ECB's governing
: board.

: SyrizaAlkis Konstantinidis/ReutersHead of radical leftist
: Syriza party Alexis Tsipras after winning elections in
: Athens, Jan. 25.

: Currently Greece enjoys special dispensation that allows its
: banks to use Greek government debt and
: government-guaranteed bank debt as collateral in exchange
: for funding from the central bank, despite being rated as
: "junk." This waiver was granted as part of a deal
: under which the country committed to undertake a package of
: structural reforms insisted upon by the Troika in exchange
: for bailout money.

: Yet, as Bloomberg reports, ECB Vice President Vitor Constancio
: told an audience at a conference in Cambridge, England,
: last week that renegotiation of that deal could put the
: country's banks at risk. "There will be no surprises
: if we find out that a country is below that rating and
: there's no longer a program that that waiver
: disappears," he said.

: If the waiver is withdrawn, then Greek banks will no longer be
: able to exchange the bonds on their balance sheet for ECB
: loans. Without that support, the sector could face
: widespread bankruptcies and could in turn push the country
: closer to collapse.

: Read more:
: http://www.businessinsider.com/ecb-threats-greece-over-emergency-funding-2015-2#ixzz3QcglzsVK