Saturday, May 26, 2012

$500,000 plus all the hidden stuff to talk rubbish – I could do that and I’m available from October 2012. Might need to get a blonde wig and become a bit more masculine though. May you always live in interesting times indeed?

The International Monetary Fund managing director, Christine Lagarde insists it is payback time for Greece and makes it clear that the IMF has no intention of softening the terms of the country's austerity package. Lagarde, predicting that the debt crisis has yet to run its course, adds: "Do you know what? As far as Athens is concerned, I think they should also help themselves collectively." Asked how, she replies: "By all paying their tax." Asked if she is essentially saying to the Greeks and others in Europe that they have had a nice time and it is now payback time, she responds: "That's right."

Perhaps she could donate say $300,000 to Africa or Greece then. It would still leave her paid over $183,000 too much.  See link to IMF below - An allowance in the aggregate amount of $83,760 per annum – for what? -  Fake tan and a terrible sense in clothing obviously.

 '3. (a) your salary as Managing Director of the Fund shall be $467,940 per annum. As explained in Section 14(b) of the By-Laws, this salary shall be net of income taxes.

'(b) You will receive an allowance in the aggregate amount of $83,760 per annum, similarly net of any income taxes, payable in equal monthly installments, without any certification or justification by you, to enable you to maintain, in the interests of the Fund, a scale of living appropriate to your position as Managing Director and to the Fund’s need for representation. In addition, you will be reimbursed for reasonable expenses actually incurred for entertainment directly related to the business of the Fund.'