In 2016 the IMF published an article arguing that neoliberalism did not promote as much growth as expected and increased inequality.
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The Greek economy has now suffered the longest recession of any advanced capitalist economy, overtaking the slump suffered by the US during the Great Depression in 1929.pic.twitter.com/85tyEY53lE
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On the other hand, the European institutions have continued to maintain a consistent hard line on debt repayment – both with Greece and beyond.
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On 20 August, the Greek government is scheduled to exit its IMF bailout programme, ending a series of three programmes that have run continuously since 2010. Commentary from
@moxenford and@AChryssogeloshttps://www.chathamhouse.org/expert/comment/greek-bailout-imf-and-europeans-diverge-lessons-learnt …Show this thread
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It ought to have remained outside EU & keep its [once upon a time] Greek Drachma. EU with its anti sovereignty approach derobed Greece of its Historical Seat of Power of Democracy. It tried hard to do the same for miniture Fiji in Oceania, but then BREXIT came & foiled it 4 EU.pic.twitter.com/2eKyCSP2ja
![It ought to have remained outside EU & keep its [once upon a time] Greek Drachma. EU with its anti sovereignty approach derobed Greece of its Historical Seat of Power of Democracy. It tried hard to do the same for miniture Fiji in Oceania, but then BREXIT came & foiled it 4 EU.](https://pbs.twimg.com/media/Dk1NQa9XcAA0LN5.jpg)
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