Thread: Cyprus resists?
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Old 2013-03-25, 10:56   Link #69
AmeNoJaku
Franco's Phalanx is next!
 
 
Join Date: Apr 2012
Location: Little England, Europe and Asia
Quote:
Originally Posted by MeoTwister5 View Post
I'm going to assume that for the most part the IMF is actually trying to help bankrupt countries. It's just that these countries seriously can't do enough fiscal overhauling to use the money properly. It's like tossing money at a drunk hobo. You think that if they had more money they'd make some sense out for their lives, but in reality they'd end up doing the same with their money anyway.
I completely disagree. IMF has one rigid model for development that requires dictatorships in order to succeed anywhere. There are many alternatives to it, but need serious politicians, not the populists that rule Europe.

Anyway, I read an interesting article about the bleak future of eurozone that Schäuble envisions in Financial Times. And one of their columnist's reply that sums up my criticism.
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