Senior IMF economist Peter Doyle is resigning, and has published a fiery resignation letter...


Senior IMF economist Peter Doyle is resigning, and has published a fiery resignation letter (.pdf) accusing his ex-employer of failing to issue warnings about the eurozone's crisis in spite of being told to do so by staff. Doyle also accuses the IMF of "analytical risk aversion, bilateral priority, and European bias," and calls the last decade's Managing Director appointments to have been "disastrous." "After twenty years of service, I am ashamed to have had any association with the Fund at all."

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Comments (7)
  • wigit5
    , contributor
    Comments (4354) | Send Message
     
    OH no you didn't!!!
    20 Jul 2012, 02:39 PM Reply Like
  • wyostocks
    , contributor
    Comments (9103) | Send Message
     
    Give the man credit for saying the obvious that the cheerleaders on both sides of the Atlantic know all too well but refuse to admit.

     

    Too bad it took this so long to come out and do it though, but better late than never.

     

    Perhaps some of his ex colleagues will now get some balls and do likewise.
    20 Jul 2012, 02:41 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    I hope so...its about time some people have just had enough...the lies are killing the western world..its time for some truth....
    20 Jul 2012, 02:46 PM Reply Like
  • robgra
    , contributor
    Comments (839) | Send Message
     
    Wonder how many on IMF Executive board, listened to all those warnings, then in silence just bet against the Euro, the PIIGs and made fortunes for themselves instead of doing their job...
    20 Jul 2012, 02:56 PM Reply Like
  • User 462216
    , contributor
    Comments (95) | Send Message
     
    Maybe the IMF did the big short so they could provide some bailout money for EU.
    20 Jul 2012, 03:04 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    the IMF is counter-productive and the US ought to withdraw its funding (but probably won't); the EUR is going to 1.15 at least, which is not a completely bad outcome
    20 Jul 2012, 04:51 PM Reply Like
  • mp0125
    , contributor
    Comments (16) | Send Message
     
    Whenever someone is on the giving side of the IMF they will have negative comments about the receiving side. Is it just possible that they are trying to so what they think is overall best?
    21 Jul 2012, 12:41 AM Reply Like
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