IMF's Director Batista spills the beans: Greek bailout was 'to save German and French banks'

© keeptalkinggreece

Bailout, Executive Director, Greece, IMF, interview, Paulo Nogueira Batista.

This was never said officially before! "They gave money to save German and French banks, not Greece," Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private on Tuesday. Batista strongly criticized not only the euro zone and the European Central Bank but also the IMF and the Fund's managing Director Christine Lagarde for

He urged Greece to directly negotiate with the IMF and favored the restructuring of the Greek debt that is being held by the European partners.

Video: English with Greek subtitles:

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