Friday, June 7, 2013

Breaking news: The IMF recognizes serious mistakes on Greece bailout

The International Monetary Fund (IMF), the institution created after WW2 to help solve international economic crises, has admitted today that the measures imposed to Greece in exchange for their bailout have made the situation worse: austerity has deepened the crisis. The decisions made by the Troika ( the IMF, the European Central Bank and the European Commission) were slow and wrong. The Greek debt has increased, unemployment too (it will reach 28%), poverty has spread throughout the country and the economic growth of the country continues to be negative. 

Here you have some more information in English and Spanish about the IMF report on Greece: 

Resultado de imagen de global justice now cartoon ben jennings bailout greece

Austerity has also had other unpleasant consequences, like the growth of the extreme-right party Golden Dawn

And this is a recent report about Golden Dawn. It was broadcasted on En Portada last week

Hitler was also a son of WW1 and the Great Depression.

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