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Press ReleasesThe International Monetary Fund’s actions have been ‘harmful for the people of Europe’ suggests new report from DC
The International Monetary Fund’s actions have been ‘harmful for the people of Europe’ suggests new report from DC
A new research paper finds that the International Monetary Fund (IMF) has been pushing for reduced spending, shrinking government, and cutting social protections for broad sectors of the population in Europe Union member countries, often regardless of a country’s specific economic circumstances. The paper, “Macroeconomic Policy Advice and the Article IV Consultations: An EU Case Study,” from the Center for Economic and Policy Research (CEPR), also finds that the IMF has repeatedly emphasized cutting spending, including on public pensions and health care, and raising the retirement age — despite the pro-cyclical nature of some of these policies and despite the already severe impact of the economic recession confronting Europe.
To read the entire EU Case Study, click here