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Of Raising Rates and the Stakes | afoe | A Fistful of Euros | European Opinion
As Edward put it recently, it is difficult not to note a irrevocable pattern in the (unfortunate) countries subject to IMF intervention whereby they collapse under the yoke of the measures demanded in trade for the loan.
The IMF hasn't learned anything from the 1997 Asian crisis, has it?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Mar 31st, 2009 at 10:53:13 AM EST
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