Agora
Posts by Gabriel Sterne
What next Greece?
It is easier to write down big questions on Greece’s future; harder to answer them. One thing we can be sure about though. The scene is set for a political showdown, the likes of which the Euro-crisis has not yet seen.
Contributor: Gabriel Sterne
Categories: Europe (288), Economy (340), Greece (516)
The IMF crisis and how to solve it
The IMF is approaching its 70th birthday and the Greek programme has been a candidate for one of the most credibility-sapping in its history. Here I trace the IMF’s role in programme from its stormy launch; its misfiring implementation; the Fund’s half-hearted apology; and ongoing efforts to draw lessons and revise its sovereign debt restructuring framework, which appear destined to deliver insufficient meaningful change. A transparency revolution is both necessary and feasible. It worked for central banks in the 1990s. Why not the Fund?
Contributor: Gabriel Sterne
Categories: Economy (340)