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Christine Lagarde's perverse praise for Latvia's economic 'success'
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non-anarchist press
Friday June 08, 2012 17:50 by Mark Weisbrot - The Guardian
The IMF chief surely knows better than to believe Latvia's disastrous internal devaluation is a good plan for the eurozone. IMF Managing Director Christine Lagarde has made conflicting remarks in the last few months indicating that she might have doubts – shared by IMF economists – about the self-destructive economic policies that are pushing the eurozone deeper into recession and causing a financial crisis. This despite her comments that offended many Greeks last week, in which she appeared dismissive of the mass unemployment and suffering in Greece, saying that she worried more about poor children in Niger who "need even more help than the people in Athens". |
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