OOPS WE ARE SORRY… OR … HOW COUNTRIES ARE DESTROYED

Leonidas Chrysanthopoulos, Ambassador Ad.H.

ΜΑΣ ΣΥΓΧΩΡΕΙΤΕ, ΛΑΘΟΣ ! – ή ΠΩΣ ΚΑΤΑΣΤΡΕΦΟΝΤΑΙ ΚΡΑΤΗ

(το ελληνικό κείμενο μετά το αγγλικό)

Once again the IMF in an internal confidential document said that it badly underestimated the damages that its prescriptions of austerity did to Greece’s economy. The greater beneficiary of the 2010 bailout wasn’t so much Greece as the wider euro zone, the document suggested. It described the rescue as a “holding operation” that “gave the euro area time to build a firewall to protect other vulnerable members and averted potentially severe effects on the global economy”.

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