Why do we waste our time to provide proof of their wrong doing when the entire western system is operating under revolving foreclosure bankruptcy; the answers are in the definitions of Black’s Law Dictionary, 4th Edition; start with “assets”; in peace
The IMF’s IEO Evaluation of the Greek Program: Going beyond a Mea Culpa?
The Independent Evaluation Office (IEO) of the IMF recently published its report on the response of the organization to the European crisis. The analysis focuses on the performance of the IMF in the context of the programs for Greece, Portugal and Ireland. It provides a valuable insight into the conflicts within the IMF itself, and especially between the executive board of the organization and its management and staff. At the hearth of this conflict was the decision making process, which led to the disregard of technical judgments and internal procedures in favor of choices of political nature that were adopted in European capitals. As such, the work of the IEO offers a more nuanced understanding of the role of the IMF in the crisis than previously…
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