The International Monetary Fund has finally admitted that it was wrong to recommend austerity as early as it did in 2010-2011... What’s disingenuous about the IMF’s apology, is that the bank knew exactly what the effects of its policy would be, but stuck with its recommendations to reward its constituents. That’s what really happened. The only reason it’s trying to distance itself from those decisions now, is to make the public think it was all just a big mistake.
Posted on: Tue, 25 Nov 2014 20:24:54 +0000
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