James Galbraith

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Last quote by James Galbraith

There's a fundamental gap between the IMF, who notes correctly that the Greek debt is unsustainable, and the European creditors who do not wish to renegotiate the debt. The IMF would like the Europeans to buy them out, but the Europeans need the IMF to enforce the economic program on the Greeks. In addition to that, the IMF is utterly unwilling to face the reality that its program is a disastrous failure; instead it keeps saying the problem is only that it hasn't been applied with sufficient zeal.
Feb 20 2017
James Galbraith has most recently been quoted in an article called Best outcome from Brussels meeting on Greece crisis? No breakdown in talks. James Galbraith said, “There's a fundamental gap between the IMF, who notes correctly that the Greek debt is unsustainable, and the European creditors who do not wish to renegotiate the debt. The IMF would like the Europeans to buy them out, but the Europeans need the IMF to enforce the economic program on the Greeks. In addition to that, the IMF is utterly unwilling to face the reality that its program is a disastrous failure; instead it keeps saying the problem is only that it hasn't been applied with sufficient zeal.”.
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