The IMF has been encouraging, sometimes even forcing (as condition of assistance), countries to have their… — Joseph E. Stiglitz
The IMF has been encouraging, sometimes even forcing (as condition of assistance), countries to have their central banks focus only on inflation. Europe succumbed to these doctrines. Today, throughout Euroland, there is unhappiness as the European Central Bank pursues a monetary policy that, while it may do wonders for bond markets by keeping inflation low and bond prices high, has left Europe's growth and employment in shambles.
p. 280Source: Wikiquote · CC BY-SA 4.0
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