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Subcommittee Evaluates Lessons from the IMF's Bailout of Greece


Washington, May 18 -

The Monetary Policy and Trade Subcommittee held a hearing on Thursday to evaluate lessons from the International Monetary Fund's (IMF) bailout of Greece in 2010 and 2012.

“With Greece’s economy again officially in recession and discussions underway for a third IMF bailout, it is clear from today’s hearing that the IMF’s past efforts to save Greece from insolvency have been unsuccessful and that it needs to learn from those failures,” said Subcommittee Chairman Andy Barr (R-KY). “The IMF must focus on its core mission, not provide political cover for Eurozone politicians who refuse to take responsibility for Greece’s debt crisis.”

Key Takeaways from the Hearing:

Witness Quotes: