The IMF failed to do its part in the Greek debt crisis. Someone needed to speak truth to Europe

2015-07-10 「 1112 words / 2 minute 」
The IMF failed to do its part in the Greek debt crisis. Someone needed to speak truth to Europe.jpg
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一个人驼着背坐在一堆文件旁,而另一个从华盛顿飞来的人在一旁看着他签字。这些照片清楚表明了谁说了算:不是那个统治了印尼长达30年的强人苏哈托(Suharto),而是在这位印尼前总统在一周前似乎曾拒绝了的纾困协议上签字时,交叉着手臂、俯视他的技术官僚。
One man sat hunched over the papers that the other had flown in from Washington to watch him sign. The photographs made clear who was in charge: not the strongman who had ruled Indonesia for three decades, but the cross-armed technocrat who looked down as President Suharto inked a bailout agreement that he had seemed to reject a week earlier.
希腊人对作为其主要债权人的国际机构的敌意,让很多亚洲人想起了自己在1997-98年的感觉——当时国际货币基金组织(IMF)要求遭受经济危机打击的国家推行紧缩和改革(上图为雅典大学外的反IMF标语——编者注)。这类要求必将导致压力;如果你真的不喜欢紧缩,那么就不要从IMF借钱。1998年当马来西亚拒绝IMF的要求时,其政府有自由花光它能筹集到的所有资金。
The Greeks’ hostility towards the international institutions that are their country’s chief creditors reminds many Asians of how they felt in 1997-98, when the International Monetary Fund demanded austerity and reforms in countries battered by economic crisis. Such demands are bound to cause strain; if you really dislike austerity, do not borrow from the IMF. When Malaysia declined to do so in 1998, its government was free to spend all the money it could raise.