Placeman Papademos informs his EU masters that all is OK in Greece except...

"Greece suffers from a lack of capacity to implement policy, manage public finances, collect taxes, open markets to competition, make public procurement work efficiently and innovatively, pay suppliers, or offer timely judicial review to its citizens,”

All the above is according to a draft document, seen by Reuters, as published in an article on the letter sent by the former Goldman and ECB banker to his bosses in Brussels.

The entire article may be read in ekathimerini, linked here.

Papademos resignation rumours

Kathmerini updating the crisis developments in Greece, ends its report with this fascinating tidbit:

Speaking to Bloomberg, government spokesman Pantelis Kapsis denied that Papademos is considering quitting.

Other denials are linked here and here.

Troika makes new punitive strike on Greece

As Ireland is also subject to the variable whims and arbitrary decisions of the EU/ECB/IMF Troika it is usually worthwhile to get english language news from their media on that secretive grouping. The Irish Independent this morning has a report on their latest visit to Greece, starting today, linked here.

It is ironic that the Greek, who undertook the manipulations that the EU/ECB now use as justification for the punitive measures they are combining with the IMF to infict upon that ex-sovereign nation, Lucas Papademos, has now been placed in charge of the country, perhaps as a reward for his services as head of the Bank of Greece and Vice President of the ECB, in delivering the country of his birth, helpless to the larger nations of the EU, to despoil and ravage in this way, whilst protecting their national banks from the consequences of their own blind stupidity and greed.