IMF new tactics: It is better to appear unreliable than to let people understand that you serve specific interests
by system failure Lately, we see an increasing number of revelations from IMF executives or former executives related to the admission that the Fund has failed on the objectives it had set for the recovery of Greek economy and the exit from the debt crisis. After the statement of Panagiotis Roumeliotis - former Representative of Greece in IMF – to NY Times, that the IMF knew that the program for Greece was impossible to implement because there was nowhere a successful example, a statement that was made purely for distraction purposes ( http://failedevolution.blogspot.gr/2012/10/some-methods-of-disorientation-in-greek.html ), it was the turn of Olivier Blanchard, chief economist at the Fund, to admit through a report which was given to the public a few days ago, that the Fund, together with all European leaders, finance ministers, European Commission and ECB, made a serious mistake in their calculations, underestimating the devastating consequences of austerity policies impo