“The two have clashed at each stage of the crisis, with the Bundesbank deriding the IMF as the ‘Inflation Maximising Fund’ under the control of Keynesians who have overstepped their ‘institutional and legal’ authority. The rebukes have infuriated the IMF Board members, especially those from Asia, Latin America, which think the Fund has been doing Germany’s work for it. They grumble that the IMF has been dragged into ill-designed rescue packages, and that the lion’s share of IMF resources have been used to prop up the currency experiment of rich countries well able to clean up their own mess.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Native tribes debate entering legal pot business
Whole milk may be better for kids than skim milk
Ron Paul: NSA head ‘fudged the figures’
Inflation Fuels Crises in Two Latin Nations
'Copblock' wiretap case goes to court in Manchester
A Long List of What We Know Thanks to Private Manning
Meet Mr. Money Mustache, the man who retired at 30
Obama honors those who made the ultimate sacrifice in Iraq war
'Nerve gas' chemicals exported to Syria: potassium and sodium fluoride
Can Government Officials Have You Arrested for Speaking to Them?
U.S. to open military ties soon with Myanmar: official
Medical pot: Will Colorado's "green rush" last?
North Carolina law prohibits police from destroying guns after buyback
Worldwide loss of oil supply heightens Syria attack risk
Supreme Court says public-sector unions can't force dissenters to pay them