Ex-IMF chief admits mistakes made in Greek crisis
Ex-IMF chief, Dominique Strauss-Kahn has made a statement that the IMF may have made some mistakes when it came to Greece in the first bailout program.
The former head of the Fund tweeted a report stating the mistakes made saying in the report, “It also underestimated the profound institutional shortcomings of Greece, which would have required a much heavier assistance form the World Bank and more substantial concessional lending and technical support.”
Dominique Strauss-Kahn did recommend however, to give Greece debt relief now, by rolling over and extending repayments due to official creditors.
Read the full report and list of mistakes that the ex-IMF chief is excepting here.