“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:
The Government-Created "ME ME ME Generation"
Newly leaked NSA program sees 'nearly everything' you do
Downgrade the Long-Term Debt of the United States Before It’s Too Late
Samsung data center fire causes outage, errors on smart TVs, phones
Some Central Banks Bought Gold; Others Sold
The Mass Shooting in Mexico
India Gets The (Bitcoin) Green Light
Gazing at Egypt With Shock and Awe
Congress Is Coming After Your 401(k)
Ohio University Considers Mandatory Re-Education Classes For Smokers
U.S. Banks Buy Gold Futures in Dramatic Position Change
What the Passport Pitchmen Don't Tell You...
Citibank Is Working On Its Own Digital Currency, Citicoin
Pirate Party Crashes Spy Drone in Front of German Chancellor Angela Merkel
Pepper-Spray Lieutenant Appealing For Worker’s Comp