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IMF on Greece: oops

Started by Jacob, June 05, 2013, 11:07:27 PM

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Jacob

June 05, 2013, 11:07:27 PM
QuoteThe International Monetary Fund has published a scathing internal self-assessment of its bailout of Greece three years ago. It isn't pretty.
The IMF underestimated the damage that fiscal austerity would do to the Greek economy in its earliest rescue of the nation in 2010.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/05/imf-our-greek-bailout-was-full-of-notable-failures/

The Minsky Moment

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June 06, 2013, 10:17:27 AM
Good for them.
We have, accordingly, always had plenty of excellent lawyers, though we often had to do without even tolerable administrators, and seen destined to endure the inconvenience of hereafter doing without any constructive statesmen at all.
--Woodrow Wilson
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