The IMF has finally admitted to making major mistakes in its - TopicsExpress

The IMF has finally admitted to making major mistakes in its handling of the Greek debt crisis. But the fact remains that, for over thirty years, it has been making the exact same "mistakes" in the developing world. If you make the same mistake a hundred times over, can it still be considered a mistake? Or are we looking at the deliberate reproduction of an ideological script that narrowly serves the interests of private creditors by shifting the burden of adjustment squarely onto the shoulders of the poorest and weakest members in the debtor countries?

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