Former IMF chief Dominique Strauss-Kahn says Greek program 'unbearable'
Dominique Strauss-Kahn, the former managing director of the International Monetary Fund, has called the economic policy implemented in Greece during the crisis “unbearable.”
Speaking on a French TV show late on Thursday, Strauss-Kahn said that the troika had applied the wrong mix of policies in Greece’s adjustment program. “There should have been less pressure and more growth,” he said.
“The simplest policy, which called for greater strictness and pressure, won out. It may have been necessary in some sectors but it could not suffice.”
The Frenchman said that Greece is currently suffering the “terrible consequences” of the wrong policies.