On the IMF’s Big Fat Greek Woulda-Shoulda-Coulda
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June 10 (Bloomberg) -- It takes a big person to acknowledgehe was wrong, and the International Monetary Fund has nowrepeatedly admitted to the failure of its euro-area rescuepolicies.
In its latest mea culpa last week, the Washington-basedlender released a 50-page critique of the Greek bailout programit devised in 2010, together with the European Commission andthe European Central Bank. The IMF’s report highlights how theso-called troika got that bailout wrong.