28-07-2016 18:01 via news.yahoo.com

Internal auditor slams IMF handling of Greece bailout

An independent probe into the IMF's handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue. The International Monetary Fund's Independent Evaluation Office said in its report Thursday that in the plunge into the eurozone crisis, the Fund's executive board was poorly informed and exercised too little oversight over decisions which taxed the Fund's resources. The IEO report bluntly criticized the rush b
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