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Negreponti-Delivanis, Maria

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Le Monde - France | 13/03/2013

IMF has sacrificed Greece

The International Monetary Fund first turned the crisis state Greece into a guinea pig and then sacrificed it through its own negligence, Maria Negreponti-Delivanis, economics professor at the University of Macedonia in Thessaloniki, writes in the left-liberal daily Le Monde: "In January, the chief economist Olivier Blanchard announced that the IMF had been wrong about Greece. ... It is very possible that if the top brass at the IMF waited so long before admitting this mistake it's because they know the Greek debt is beyond control. ... The whole thing has turned into a fiasco. An enormous fiasco. It is responsible for 4,000 suicides, the impoverishment of 3.5 million people. ... Yet despite the IMF's error, which worsened the recession by 200 percent compared with forecasts and has contributed to making Greece a third world country, the disastrous austerity policy is being maintained."

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