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General Category => Off the Record => Topic started by: Jacob on June 05, 2013, 11:07:27 PM

Title: IMF on Greece: oops
Post by: Jacob on 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/
Title: Re: IMF on Greece: oops
Post by: The Minsky Moment on June 06, 2013, 10:17:27 AM
Good for them.