NEW RELEASE: Debate on the Eurozone Crisis Between CEPR’s Mark Weisbrot and Luc Everaert, Assistant Director of the European Department of the IMF
IMF Official Agrees that Europe’s Troubles are a Result of the Policy Failure by the European Authorities
Washington, D.C.- This debate, which took place last Saturday, September 24, provides a critical overview of the eurozone crisis. It is perhaps most remarkable in that Weisbrot offers a harsh critique of the policies that have been implemented by the International Monetary Fund (IMF) and its partner European authorities (the European Commission and the European Central Bank), and Everaert of the IMF does not offer much disagreement. “I also agree with Mark’s diagnosis of the problem. I think the problem is a policy failure,” Everaert admits at the beginning of his presentation (minute 1:09).