Rest assured , the money taps are being turned off or will be soon...everything that must come an end , will come to an end

http://hat4uk.wordpress.com/2012/02/27/g20-suddenly-spots-that-imf-is-underfunded/

G20 SUDDENLY SPOTS THAT IMF IS UNDERFUNDED.

The Slog noticed eighteen months ago

Jacques Cailloux of Royal Bank of Scotland Group Plc., told Reuters by phone earlier today, “Any hope there could have been for an agreement on a higher firewall as early as this week’s summit is fading.”

You read it here first. See that road, kick that can. Instead of giving more money, Germany has offered for Hans und Hansetta to go Tax-dodge catching; ie, to turn the Greeks upside down again and shake out what’s left. Memo to Berlin: more work needed on antennae.

Jim O’Neill, the only decent man in Goldman Sachs, put his viewpoint succinctly as usual: “Europe doesn’t need any money from outside, it needs to show some leadership”. I don’t agree with him, but his point is obvious and well-made: ‘how much do you folks really want this EU project to succeed…put up or shut up’.

Read this Slogpost from July 2010, and then ask yourself: if an ex-adman in his dotage could work out that the IMF was hopelessly short of cash two years ago, why has it taken until now for the G20 to notice?

and....

http://www.guardian.co.uk/business/2012/feb/27/debt-crisis-euro-german-votes-greek-package

12.20pm: The Greek package also needs to be approved by parliaments in the Netherlands and Finland; the Bundestag isn't the only hurdle left to cross.

Debate is due to start in the Netherlands parliament tomorrow. The deal should be approved, but there may be some political manouvring. As Reuters explains:

The Dutch government, a minority coalition between the Liberal and Christian Democrat parties, usually relies on the opposition Labour Party for support in such debates because its main ally, Geert Wilders' Freedom Party, strongly opposes bailouts for Greece and other euro zone peripheral economies.

We saw last week that the Dutch are also very concerned about the situation in Greece (finance minister Jan Kees de Jager called for a permanent troika presence in Athens), so the debate could be quite lively.

11.58am: Greek cultural & tourism minister Pavlos Yeroulanos has hit back at claims that Greece should leave the euro.

Yeroulanos told CNBC that such criticism could destroy the deal agreed last week, plunging Europe into a fresh crisis. He also appeared to take a swipe at German interior minister Hans-Peter Friedrich (who proposed making Greece an offer it couldn't refuse).

Yeroulanos said:

Germany needs the euro just as much as Greece does. They need to decide whether they will make a real commitment to the euro, which has been a great thing for the German economy.

We have taken some very important moves towards a stronger union, and then we see statements by people which undermine the steps that the EU made.

11.32am: Should Germany sent tax officials to Greece?

We wouldn't normally presume to ask, but it emerged over the weekend that more than 160 German tax collectors have volunteered for possible assignments in Greece. Their mission, should Athens choose to accept them, would be to help the Greek authorities gather tax more efficiently.

There is historical precedent – after reunification, West German tax officials were dispatched to the East to help improve revenue collection. But as Norbert Walter-Borjans, finance minister for the state of North Rhine-Westphalia, conceded:

There was resistance then among some eastern Germans against western (tax collectors) but that's nothing compared to the reservations Greeks will have against Germans.

11.21am: More from Germany. This morning's Bild captures the mood of the nation, with the word STOP! splashed in huge letters across the front page.

Inside, Bild reports:

Today the German Bundestag will once again vote. €130bn is supposed to stop Greece going bust. Bild calls on all parliamentarians: don't carry on down this wrong path!

Helen Pidd has the latest from Berlin ahead of the vote (expected around 4.30pm GMT):

Even the CDU's Wolfgang Bosbach, the most high profile of the dozen or so government rebels who will vote "no" today, has told reporters that he expects the vote to pass without Merkel having to rely on opposition support. But that doesn't mean the German cabinet is fully supportive of the plans to save Greece.

As reported earlier, the interior minister, Hans-Peter Friedrich, has become the first minister to say Greece would be better out than in the eurozone. The Süddeutsche Zeitung reports that Friedrich is not a lone dissenter. The left-leaving daily claims both the finance minister, Wolfgang Schäuble, and the economy minister, Philipp Rösler, are among those in the government who privately do not believe in the current strategy for keeping Greece from the brink. Neither are quoted in the front page story, which also claims the German chancellor is determined to avoid a Greek exit from the euro because of the deleterious knock-on effect it would have on the German economy and
beyond.

Among the German population, bailing out Greece is becoming ever more
unpopular, Helen adds:

A poll in Bild am Sonntag newspaper found 62% of Germans are against the €130bn rescue package while 33% are in favour. In a similar poll in September, 53% were opposed and 43% in favour.

And wonder why German sentiment against the bailout of Greece has risen sharply ?

List of MPs moving large sums abroad expands As a political outcry grew on Friday over the revelation that an MP had transferred 1 million euros out of the country in May when authorities were struggling to appease Greek citizens’ fears of the repercussions of a possible default on their savings, Finance Minister Evangelos Venizelos told Parliament that a significant number of lawmakers had moved sums in excess of 100,000 euros out of the country. In addition to details about MPs who had transferred large amounts of money out of the country in 2009 and 2010, Venizelos said he had acquired information relating to bank transfers from last year. “The list includes politicians, and relatives of politicians, with transfers in excess of 100,000 euros,” Venizelos said. He noted however that the list of names would not be made public as the individuals will be summoned to provide explanations. “Some of the cases might involve health problems or relatives making legal and normal commercial exchanges,” he said. Earlier, addressing a cabinet meeting, Venizelos had told fellow ministers that there are several public figures among the Greeks who transferred a total of 16 billion euros abroad over the last two years. According to research conducted by the Finance Ministry’s information systems department, 9 percent of this money ended up in Swiss bank accounts. In a related development, former Parliament Speaker and senior PASOK cadre Apostolos Kaklamanis led a cross-party group of 75 MPs in submitting a request for an amendment to be made to existing legislation regarding the annual declarations submitted by lawmakers and other professionals detailing the size and source of their wealth (“pothen esches”). The deputies -- mostly from socialist PASOK and conservative New Democracy with some independent lawmakers -- are proposing that authorities make public not only the pothen esches declarations of politicians but of state officials and members of the media.