"Doyle said it was not just a matter of the fund's incompetence amid the global crisis and in surveillance ahead of the eurozone crisis, but because the institution deliberately shirked its responsibilities.
'The substantive difficulties in these crises, as with others, were identified well in advance but were suppressed here,' he wrote.
'Timely sustained warnings were of the essence. So the failure of Fund to issue them is a failing of the first order,' Doyle said.That inaction has caused suffering for many, including Greece, and 'the second global reserve currency (euro) is on the brink'.
The IMF has been 'playing catch-up' in reactive responses in last-ditch efforts to save it, the economist charged."
From your lips to God's ears.
'The substantive difficulties in these crises, as with others, were identified well in advance but were suppressed here,' he wrote.
'Timely sustained warnings were of the essence. So the failure of Fund to issue them is a failing of the first order,' Doyle said.That inaction has caused suffering for many, including Greece, and 'the second global reserve currency (euro) is on the brink'.
The IMF has been 'playing catch-up' in reactive responses in last-ditch efforts to save it, the economist charged."
From your lips to God's ears.
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