"The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. "
"European Union insiders used the [IMF] fund to rescue their own rich currency union and banking system."
"The injustice is that the cost of the bailouts was switched to ordinary Greek citizens – the least able to support the burden – and it was never acknowledged that the true motive of EU-IMF Troika policy was to protect monetary union. Indeed, the Greeks were repeatedly blamed for failures that stemmed from the policy itself."
The Telegraph (not a notably left-wing source ;))
Yeah, just like Varoufakis and a bunch of Nobel Laureates and other economics gurus said at the time :rolleyes: Fiscal waterboarding.
If (some) posters can be bothered to read it and take it in then that would be a nice change.
"European Union insiders used the [IMF] fund to rescue their own rich currency union and banking system."
"The injustice is that the cost of the bailouts was switched to ordinary Greek citizens – the least able to support the burden – and it was never acknowledged that the true motive of EU-IMF Troika policy was to protect monetary union. Indeed, the Greeks were repeatedly blamed for failures that stemmed from the policy itself."
The Telegraph (not a notably left-wing source ;))
Yeah, just like Varoufakis and a bunch of Nobel Laureates and other economics gurus said at the time :rolleyes: Fiscal waterboarding.
If (some) posters can be bothered to read it and take it in then that would be a nice change.
via International Skeptics Forum http://ift.tt/2ag6zJZ
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