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IMF a political shield for EU policymakers.

The eurozone crisis, starting in 2008, may have further eroded trust in the IMF by diminishing its role as a technocratic institution and independent broker and making it appear a political shield for EU policymakers.

Ousmène Jacques Mandeng FT 28 February 2021


EU hijacked the Fund to rescue monetary union at a time when the eurozone had no lender-of-last resort - due its own recklessness and political paralysis - and had therefore exposed a string of sovereign states to bankruptcy. 

The eurozone bail-outs consumed 80pc of total IMF lending between 2011 and 2014 

Ambrose Telegraph 17 July 2019


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