IMF’s Peter Doyle scorns its ’tainted’ leadership
2012-07-20 0:00

By Andrew Walker | BBCNews

A top economist at the International Monetary Fund has poured scorn on its "tainted" leadership and said he is "ashamed" to have worked there.

Peter Doyle said in a letter to the IMF executive board that he wanted to explain his resignation after 20 years.

He writes of "incompetence", "failings" and "disastrous" appointments for the IMF’s managing director, stretching back 10 years.


Peter Doyle claims there was a "fundamental illegitimacy" in Christine Lagarde’s appointment
No one from the Washington-based IMF was immediately available for comment.

Mr Doyle, former adviser to the IMF’s European Department, which is running the bailout programs for Greece, Portugal and Ireland, said the Fund’s delay in warning about the urgency of the global financial crisis was a failure of the "first order".

In the letter, dated 18 June and obtained by the US broadcaster CNN, Mr Doyle said the failings of IMF surveillance of the financial crisis "are, if anything, becoming more deeply entrenched".

[...]



Read the full article at: bbc.co.uk




Related Articles
IMF Head and Sarkozy embroiled in new corruption inquiry
IMF says Spanish banks need at least $50-billion in aid
IMF tells Germany to do more for eurozone
Anonymous Hacks Greek Ministry Website, Demands IMF Withdrawal, Threatens It Will Wipe Away All Citizen Debts
IMF Seeks $500B Boost to Lending Resources (This money comes from countries already in debt to the IMF!)
Escobar: IMF hungry for cash but hangs on to power (Video)
Gerald Celente: Raping - part of IMF business


Latest News from our Front Page

Gunman Storms Dutch TV Station Demanding Airtime
2015-01-30 23:32
Dutch authorities have released few details about the bizarre case of 19-year-old Tarik Zahzah’s attack on the main news studio of television station NOS on Thursday. To get the obvious question out of the way first, the police say there is no evidence that Zahzah, who is half-Egyptian, acted on behalf of organized terrorism. The authorities always say that on the ...
How Alan Dershowitz bullied rape victims to protect a serial child molester
2015-01-30 23:40
Harvard law professor Alan Dershowitz always felt children were fair game for Israeli missiles. Now the question is whether he thinks they are fair game for the sexual exploits of his powerful associates and himself. Dershowitz and the UK’s Prince Andrew were accused in a recent court filing of raping a teenage girl who was forced into sexual slavery by ...
Alchemical Banksters
2015-01-30 22:39
This past week, the world's preeminent vultures, the economic power elite, met in Davos to discuss the maintenance of their global fiat hegemony. Highlights included furthering austerity, noting that the serf class can't have air conditioning and cars, as well as cheering on the death of privacy through the rise of technocracy. The degenerate elite, completely out of touch with ...
Men must prove a woman said ’Yes’ under tough new rape rules
2015-01-30 4:54
New guidance will be issued to all police forces and prosecutors as part of a ’toolkit’ to move rape investigations into the 21st century Men accused of date rape will need to convince police that a woman consented to sex as part of a major change in the way sex offences are investigated. The Director of Public Prosecutions said it was ...
4 beheaded in Saudi Arabia less than a week into King Salman's rule
2015-01-30 3:13
Comment: So when will the the "Human rights" promoting liberal west elite decide invade Saudi Arabia like they did Libya? Members of Magic Movement stage a mock execution scene in protest of Saudi Arabia beheading of eight Bangladeshi workers in October 2011. Four people have been executed in Saudi Arabia less than a week after 79-year-old King Salman assumed power following the ...
More News »