This could be a valuable lesson for those in the US of A to use in drawing conclusions about the effectiveness of AUSTERITY.
“The only two differences between 2012 and 2015 are that: (A) In 2015/6 the Greek economy is ever more frail than it was in 2012, its people closer to the edge of desperation. And (2) In 2012 the troika’s toxic, illogical ‘program’ was being implemented by a government representing the corrupt, oligarchic ancien regime responsible for the crisis. In 2015/6 the troika’s ‘new’ toxic, illogical ‘program’ is being implemented by a government of the Left, thus denying the Greeks the hope that elections could stop the unnecessary pain.” [excerpt]
You have read about the most recent IMF confession over its immolation of Greece. The question is: Does it signal a change in policies? Do not hold your breath! Recent history is pointing to a repetition of the crime-against-logic first committed in 2012 – an IMF tactic of confessing to the sin in order to repeat it with impunity!
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