International Monetary Fund (Photo credit: Wikipedia)

This is a very good article by Wolfgang Münchau writing in the FT. It’s a RECOMMENDED READ. Check it out!

via Hail the outbreak of honesty about Greece’s bailout – FT.com.

I very much endorse this article and in particular the conclusion:

 If the IMF is serious about its own analysis – and it should be – it should either force a policy change, or be ready to leave the troika.

Sadly, I fear that the EC and the German Government is likely to stick to excessive austerity, rather than face the political crisis of a U-turn.

Any thoughts?

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