The IMF’s “Tough Choices” on Greece
”The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important 
question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?” Den frågan ställer sig ekonomen James K. Galbraith.
Galbraith avslutar artikeln: ”But the Greeks have already made tough choices. Now it is the IMF’s turn, beginning with the decision to admit that the policies it has imposed for five long years created a disaster. For the other creditors, the toughest choice is to admit – as the IMF knows – that their Greek debts must be restructured. New loans for failed policies – the current joint creditor proposal – is, for them, no adjustment at all.”