“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. It was too slow to promote a write-down of the nation’s debts to more sustainable levels. And it was compromised by a sometimes unwieldy partnership with major European institutions in what became known as the ‘troika.’ The IMF could have handled its 2010 bailout of Greece quite a bit better, a staff review found.”
http://www.thedailybell.com/29203/Lies-the-IMF-Tells
Related posts:
Debt in America: The Details
Tesla-Inspired Metamaterial Converts 900 MHz Microwaves to Power
Ukraine to Regulate Bitcoin Businesses Under Existing Laws
In Gem County, Idaho, It's a Crime to be a "Constitutionalist"
Nigel Farage: There is a Gathering Electoral Storm
Hate Crimes, Hoaxes, and Hyperbole
Mission KS Police Take Down, Cavity Search Mom In Front Of Children
Tealet ruffles feathers with expletive-filled bitcoin announcement
Geithner's Final Trick: Bye Bye Dodd-Frank, Volcker Rule
Whose "Provocative Actions"?
Only One Big Telecom CEO Refused To Cave To The NSA; Jailed For Years
Paul Craig Roberts: Putin Dresses Down The Group of Eight
Everyone Is Baffled By Alan Greenspan's Comment About Bitcoin
How the Beast’s Votaries Justify Themselves
Bitcoins Fail Currency Test in Scandinavia’s Richest Nation