Why is it called a Greek Bailout?    Most of the money is going the banks. The Greeks might get 19% which is not going to help them as they can never pay back their debt.

Well,  that makes sense dosent it ?    we borrow $ 200 million a week to help   pay the IMF. Today is Tuesday , Muldoon is PM and  petrol is 20 centa litre too

Well I don't think the question is could we help bail out, Greece, but should we? What has the EU ever done for us?
French bombs and farm subsidies, anyone?

We borrowed at a higher interest rate and re-lend them out at to the IMF at a lower rate.  Hey this could be a script for the next Homer Simpson with special guest JK... dooh! 

Send not to know for whom the bell tolls,  It tolls for thee.

It's not the Greeks that we're bailing out , is it ...... it's a bunch of banks , mostly German & French , who threw the risk management book out the window in their zeal to gain rich rewards from lending to profligate states , such as Greece .......
 
.... and what wonderful message will these banks and bond-holders learn from this ?
 
Irrespective of how foolishly we behave in our quest for above market returns , some well meaning sheeples in the south pacific will assist in bailing us out !
 
Yippeeeeeeeee !.... there truely is a " free lunch " , Kiwi lamb ......

When the IMF come insearch of the golden chalice .....
Tell them "we already got one"

Just print the worthless fiat, and give it to them.  It's not like any of this can ever be paid back.

Chris M, anyone here that has bothered to read my stuff will know that I have said for many years now that all roads lead to the senior majority stakeholders, the primary bond dealers of the private banking empire which is the greatest borderless empire history has ever seen.
IMF is no different, just another layer of confidence in confidence trick of a pyramid scam. 
We are just pledging more of the future income of our reserves of "natural capital" because that is all that ultimately backs what is now a "prudential reserve system" where by if financial intermediary institutions can keep their customers confidence that they can meet their day to day liabilities they are deemed to be solvent, if they cant the game of musical chairs is up. When the banking system as a whole has issued more ledger entry money as interest bearing loans than there is sustainable natural capital. When it becomes obvious enough to all the game is up. Hence the layer upon layer of confidence tricks.
Where is the IMF money going to come from, it is going to be ledger entry money of the private primary bond exchangers exchanged for ours and others natural capital as collateral.
   http://www.imf.org/external/np/exr/facts/privsec.htm

Progress Toward Framework for Private Sector Involvement
Based on practical experience gained in involving the private sector in specific country cases, and drawing upon the principles articulated by the G-7 Finance Ministers in their report to the Cologne Economic Summit, progress has been made toward a framework which could help guide decisions on issues associated with private sector involvement in the resolution of financial crises.
The framework under discussion is based on broad consensus that has emerged among IMF member countries on the need to seek private sector involvement in the resolution of crises, while providing for flexibility in the form of involvement and in the methods used to ensure it. Under the framework, private sector involvement in the resolution of a financial crisis can, in some cases, be achieved primarily on the basis of the Fund's traditional catalytic role in restoring spontaneous private capital inflows. In cases where greater assurance is needed, the catalytic role of the Fund would have to be supplemented by measures to improve coordination among creditors and efforts to seek concerted private sector involvement.
http://www.newint.org/features/2004/03/01/imf-failure/

Joseph Stiglitz won the Nobel Prize for Economics in 2001. He was Chief Economist of the World Bank between 1997 and 2000. So when he says that the IMF are ‘free-market fundamentalists’ working in the interests of Wall Street, the world ought to sit up and listen. The NI interviewed him in London.

After we've borrowed more money to bail out the Greeks, can they please borrow some more money to bail us out?

The guts of it put very simply is this, you have in the international monetary system a central banking network. It is implied this network is government controlled via legislation, but when you look at the nitty gritty it is a mainly western banking elite private private club controlling the issuance and allocation of most of the worlds ledger entry money supply as loans. This is made plain by the threats of excommunication from the international trade system should you choose to challenge the independence of the central banking network and choose to not accept their debt circulating as "your" money supply.
There are two sides to the private central banking network, the supply side of worldbank, development banks, central banks, reserve banks, who all receive their funding from a group of primary bond exchangers(PBE). To join the club of PBE you must meet a minimum level of personal wealth criteria. On the other side of the international financial architecture is the IMF which is the international receivership branch that steps in when balance of payment issues occur to "help" nations trade their way out of trouble.
The trick is the supply side is a pyramid scam fraud that due to less ledger entry money being supplied to nations as interest attached loans than is provided at the draw down to repay what is demanded in return a systemic shortage of money in circulation compared to ever increasing debt servicing cost occurs leading to mathematically inevitable balance of payment and debt repayment crisis, which leads you into the hands of the IMF receivership branch which impose conditions upon further access to the ledger entry money of the private central banking network. Those conditions always push for the selling of necessity of life or what they call "natural monopoly" situations to transnational corporations that are owned by the PBE institutions also and industrial legislation reforms the common denominator of which is slavery.
There is now a growing list of senior executives on the supply side of the private central banking network who actually at one time thought they were part of something good that have now realised it was nothing but a system of economic slavery and are attempting to alert wider society, Joseph Stiglitz, Michael Hudson, Simon Johnson, David C Korten, John Fullerton, Hermon Daly, Mervyn King, John Perkins.
David C Korten says there is no better system of slavery than one where the slaves dont know they are slaves because they have a master they cant see.
Have a nice day all, I am off to get back behind the hamster wheel.          

Next up Portugal...followed by Spain....and Italy....by then our loans to the piigs via the IMFarce should total about 3 to 5 billion...and cost taxpayers about 400 million to finance...but hey no worries cos we can borrow it from the the banks which borrow it from the ECB at 1%..
This is phase two of the great scam...first it was socialise the private debt of the banks...now it's pass the debt down the line to the lesser debtors...that's nz...up and coming....borrowing like mad to catch up...wannabe a piig...
Hey Bill English...gotta brain?...here's a thought...since NZ was able to sign up to join the IMFarce....we must also be able to sign out and walk away before any more damage is done by you lot to us lot simply because you lot aint got the guts to say "stop"
 

Hi Wolly , Ilike the way you THINK.
 We must just warn them the FRENCH REVOLUTION took no prisoners ,the Aristocrats had no place to hide ,they were taken to the Guillotine kicking and screaming
 
 

And a different slant to the  'mud wrestling politicians' of today.  Nothing new in thefact that they are merely puppets on a string but provides interesting historical view from about 1917;
 The Egyptian Pharaohs, the Babylonian rulers, the Asiatic rulers — they were initiates. Then the priest-type emerged as ruler and the priest-type was really the ruler right up to the Reformation and the Renaissance. Since that time the economist has been in command. Rulers are in fact merely the handymen, the understrappers of the economists. One must not imagine that the rulers of modern times are anything but the understrappers of the economists. And all that has resulted by way of law and justice — one should only study it carefully — is simply a consequence of what economically oriented men have thought. In the nineteenth century the “economical” man is replaced for the first time by the man thinking in terms of banking, and in the nineteenth century there is created for the first time the organization of finance which swamps every other relationship. One must only be able to look into these things and follow them up empirically and practically.