Brexit doom-monger, the International Monetary Fund, made failings over propping up the Greek economy and was too supportive of the Euro project, according to its top watchdog.
The US-based Independent Evaluation Office, said the IMF was unprepared for the debt crisis that hit Europe and slow to press for debt relief that might have eased Greece’s economic pain.
And their report said the organisation ‘remained upbeat’ about the soundness of the European banking system in euro-area countries until after the start of the global financial crisis in mid-2007.
‘This lapse was largely due to the IMF’s readiness to take the reassurances of national and euro area authorities at face value,’ it said.
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