Wednesday 4 May 2011

One group of people to be congratulated about the package..

The officials at the Ministerio das Financas and at the IMF. They worked hard, made sensible proposals, did not exactly have strong political backing, and managed to avoid the kind of crazy/inapplicable grand measures that these packages often contain.

Relative to the original Greek package, there was good progress in terms of doing sound economics.

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