Tag Archives: IMF

Christine Lagarde’s Leona Helmsley Moment

By Martin Fluck | Published: May 26, 2012
Displaying a shocking lack of empathy for ordinary suffering Greeks, Christine Lagarde, the managing director of the IMF, says she “thinks more of the little kids from a school in a little village in Niger, because they need even more help than the people of Athens,” in an interview in the Guardian. Ordinary Greeks can [...]
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The IMF Is Turning Into A Monster

By Martin Fluck | Published: September 20, 2010
It’s been apparent for some time that the IMF is no longer an independent institution but an arm of the European financial elites. With Dominique Strauss-Kahn at the helm when the financial crisis hit, Germany and France have cynically been able to use the IMF for their own ends, dropping ever larger sums into the EU with ever fewer conditions, to protect German and French banks that have huge exposures to the PIIGS. Angering the very same Asian countries that were dictated to by the IMF in 1997, and who are now being asked to pay the bills, and stretching US patience to the limit, it is all likely to end in tears.
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