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We’re All Greeks Now » Counterpunch: Tells the Facts, Names the Names -
May 14, 2012
"The IMF (International Monetary Fund) has been implementing “structural adjustment” programs, AKA austerity, for decades. It has usually “worked” for their bank clients in the sense that wealth extraction from victim nations to international banks took place. And given that victim nations tended to have both culpable leaders and “developing” nation status, the economic outcomes were rarely news in New York or Washington. Needless to say, outcomes were better for bankers than for their structurally adjusted victims." -
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