Rhetoric Around Iceland and the IMF
Iceland - which is standing on the brink of economic collapse - might have to ask the International Monetary Fund for assistance.
How is this described by the NYT?
Such a move, which would make this small island nation the first sovereign state to fall victim to the credit squeeze that began last year, would require it to accept harsh measures to restore fiscal and monetary stability.
Wait, I thought the IMF was a great organisation that helped brown countries that can’t manage their own money. I thought the IMF got them back on the correct road to financial stability so they couldn’t stuff it up with their corruption and other sundry brown-ness.
I had no idea that the IMF imposed draconian, neo-liberal, globalised ’solutions’ onto the countries helped.
Wow. It seems totally different when described in a European context. That’s so weird.
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