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Strategies & Market Trends : Asia Forum
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To: Thomas Haegin who wrote (6468)9/17/1998 3:24:00 PM
From: DMaA  Read Replies (2) of 9980
 
I am surprised that this item has not raised more eyebrows. Greenspan yesterday trashed the IMF.

WSJ today:

Add Federal Reserve Chairman Alan Greenspan to the growing list of people who've about had it with the IMF's current course. Answering questions after he and Treasury Secretary Rubin testified to the House Banking Committee yesterday, Mr. Greenspan said of the IMF that "a fundamental restructuring is urgently needed." He said we've reached the point where we need to either go ahead with what it's been doing (and he did not endorse that, unlike previous testimony), or we need to shut them down and "restructure" the IMF to reflect the huge changes in the world market system, meaning, as he said, "start from square one." Sounds like it's time to get started.



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