The experts of the IMF

[cromwell]

Sometimes aren't such experts.

http://www.telegraph.co.uk/business/201 ... for-the-i/

Wow.

[Suff]

I have the link in my inbox. I was going to post it but lacked enough life force...

The report is not pulling any punches and is using language which is "inflamatory" to say the least.

In short they accused the leaders of the IMF and the EU delegates, of raping the IMF funds to fix a purely EU problem with the Euro and that he IMF was totally blinded to the essentially broken nature of the Euro. The audit accuses blatant misuse and blind incompetence. It's pretty damning.

I've read other stuff too. Where the IMF rolled over for the ECB where the IMF said one thing and the ECB said something else which would not work, so the IMF backed down and accepted the ECB position.

Funnily enough this report is simply not going to change much with anyone... It should completely crash the value of the euro but it's not going to at all, Because there is too much money tied up in the Euro no matter how bad the structure.