As negotiations go down to the wire, the IMF is once again being cast in the role of dictator. It is the enforcer of controversial structural reforms to a country experiencing severe economic distress, the social consequences of which have been disastrous over the last seven years. In many ways, however, the IMF is used as a scapegoat for promoting unpopular policy choices by the elected politicians and unelected bureaucrats of the eurozone who are well aware of the organization’s fundamental commitment to favoring fiscal consolidation.
Opinion
5 Things You Need to Know About the IMF’s Stance on Greece
With the June 30 deadline looming for Greece’s 1.5 billion euro debt repayment, here are five key things to know about the IMF’s position.
A man walks in front of a graffiti reading “IMF Go Home” in Athens, Greece, on June 27, 2015. Angelos Tzortzinis/AFP/Getty Images
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André Broome
Author