The International Monetary Fund ignored its own research and - TopicsExpress

The International Monetary Fund ignored its own research and pushed too early for richer countries to trim budgets after the global financial crisis, the IMFs internal auditor has found. Chance for a bit of humble pie? An apology, even? Not a bit of it: I strongly believe that advising economies with rapidly rising debt burdens to move toward measured consolidation was the right call to make, IMF Managing Director Christine Lagarde said in a statement.

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