IMF Studies Sovereign Debt Restructurings, Admits Its Policy Was Responsible For Greek Depression
by Tyler Durden
ZeroHedge.com
Jul 29, 2016
In a paper published this month, the IMF seeks to study the relationship between GDP and sovereign debt restructuring using data from 1970-2010. Its main conclusion may be shocking: “the central finding of this paper is that sovereign debt restructurings with external private creditors can affect per capita GDP growth performance in the years after debt restructuring.“ And these are the people in charge of advising nations on managing their economy…
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