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The IMF Should Get Out of Greece

Mody, Ashoka, (2017),  “The IMF Should Get Out of Greece”, Bloomberg, 3 February

The IMF should never have gotten into Greece in the first place. As late as March 2010, with concerns about the Greek government’s ability to pay its debts roiling markets, Europe’s leaders wanted the IMF to stay away. Europeans feared that the fund’s financial assistance to one of their own would signal broader weakness in the currency union. As Jean-Claude Juncker famously put it: “If California had a refinancing problem, the United States wouldn’t go to the IMF.”

Ashoka Mody gave a speech during ELIAMEP European Seminars  in 2016 at the session with title: “Does monetary union remain dysfunctional, and if so, what are the chances for reform?”

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