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Thu 10 Oct 2009EU already acting as a sort of behind-the-scenes IMF
ANALYSIS:Depicting IMF as the big bad wolf we don’t want to let in ignores the fact that we have implicitly ceded aspects of sovereignty to the ECB, writes MICHAEL CASEY
MARY HARNEY’s recent assertion that if the Government doesn’t make the necessary cuts to public spending, then, just like the big bad wolf, the International Monetary Fund will come in and do it instead, is based in part on a stereotypical view of the IMF as some kind of demonic institution best avoided at all costs.
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