a total fucking bullshit lie. history has shown us what austerity does

dipsydoodle

Of course they did know what it would led to - devastating to Greece, to put it mildly - what the IMF did was criminal - and the ones who did this should have been paraded in front of the whole greece population - and tell why they did it - when they did know it was the wrong medicine - and was devastating to the greece economy... What they did, was outright criminal - and they should be prosecuted as a result of it !

Diclotican

They should also serve a great deal of time in prison for all the pain and suffering they arrogantly and willfully caused. If they don't, the same will happen again, and it will be worse.

another_liberal

They should at least give back most of what they was stealing from the poor - and from the destitute who had nothing to do with the meltdown in the greece economy... The wealthy and rich in Greece have weathered this crisis pretty well - by putting the money overseas - it is the middle class, and the poor that have been paying the price for the arrogance IMF have shown here - and they should be given a lot more than just a sorry we messed up....

And the guilty ones, should be hold accountable for what they did - and serve long times in prison - not just a slap on the wrist - but some serious time behind bars

What is needed, is putting the bankers on trial - and to punish them if found guilty.. Not just let them off the hook with a warning... They are starting to break down the worlds economy - its time to let them know - that they are not the masters - but servants, for the population they are serving...

And IMF is the worse of the worst - who have killed millions of innocents over the years - the big bankers have a lot of blood on their hands if anyone is willing to look deeper into what the IMF have been doing all over the planet..

Diclotican

that devastated Greece should be given the French Revolution Severance Package (guillotine)

supported by the seven too big to fail banks who have now gone global.

It's True: 'Mistakes Were Made' Is The King Of Non-Apologies
http://www.npr.org/blogs/thetwo-way/2013/05/14/183924858/its-true-mistakes-were-made-is-the-king-of-non-apologies

Make no mistake, the acting commissioner of the IRS put himself in historic company Tuesday by writing in USA Today that "mistakes were made" when his agency singled out for extra scrutiny some conservative groups.

No less an authority on language than the late William Safire, in his Safire's Political Dictionary, devoted an entry to the oft-used phrase — describing it as "a passive-evasive way of acknowledging error while distancing the speaker from responsibility for it."

Political analyst Bill Schneider declared it to be the "past exonerative" of choice for the political class.

The IMF was originally intended to help the World's poorest countries become viable actors on the international economic stage. Now it is policing the budgets and debt repayments of major industrialized nations. It needs to be dismantled. Bankers care only about profits and are not fit people to be running the planet.

We had the R&R study telling us … Oops!

Note to the IMF (and any other entity person wishing to be taken seriously by using an academic study to support your seriousness) …
Wait for the Peer Review … and if the PI refuses to release the data set; there’s probably a reason.

But that said, and after reading the article, if the IMF says what’s actually in the article, the title is misleading … the IMF won’t be address the “austerity” of cuts to government spending (or even, increased taxation), but rather “austerity” for the bankers that were “forced” to take a loss on their investments.
Maybe that’s the new definition of “austerity”?

they just did it so the 1% didn't have to eat more of a loss.