IMF on Greece: oops

[Jacob]

The 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]

Good for them.