The IMF's Big Greek Mistake

Greece should have shed its debts five years ago. The IMF can fix that now.

It takes money to rebuild.

Photographer: Kostas Tsironis / Bloomberg

The Greek government's mounting financial woes are leading it to contemplate the unthinkable: defaulting on a loan from the International Monetary Fund. Instead of demanding repayment and further austerity, the IMF should recognize its responsibility for the country's predicament and forgive much of the debt.

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