Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

oops

The IMF has made some blunders lately. One in particular is the Greek GDP growth. This started about three years ago. The Wall Street Journal came away with a document that admits handling Greece was all wrong and the bailout that followed didn't reduce pressure on the Eurozone. Their future debt forecast was way off.

Greece was nothing but a scapegoat to preserve the viability of the otherwise doomed Eurozone.

Inspired by the zerohedge. com article by Tyler Durden.