19 septembre 2010<\/a>.<\/p>\n<\/p>\n\tApr\u00e8s une explication extr\u00eamement complexe et authoritative<\/em>, o\u00f9 il d\u00e9taille d’une fa\u00e7on imp\u00e9rative et convaincante, pour ceux qui le suivent, la crise de l’euro qui se poursuit, Evans-Pritchard en vient au principal. Il s’agit d’une attaque frontale contre le tr\u00e8s-Fran\u00e7ais DSK, accus\u00e9 d’\u00eatre un agent de l’id\u00e9ologie UE, par cons\u00e9quent le FMI devenu une sorte d’instrument de subversion aux mains des Europ\u00e9ens. Les temps changent de la m\u00eame fa\u00e7on que les choses vont vite, comme l’exigent les d\u00e9monstrations diverses.<\/p>\n<\/p>\n\t\u00abIn any case, the IMF itself has become the problem, operating as an arm of EU ideology under Dominique Strauss-Kahn. It <\/p>\n<\/p>\n\toffers no remedy since it acquiesces in the EU’s ban on debt-restructuring.<\/em><\/p>\n<\/p>\n
\t\u00bbIn Greece it backs a policy that will leave the country with public debt of 150pc of GDP after its ordeal allowing French and German creditors to shift a big chunk of Greek risk to Asian taxpayers through the IMF, and to EU taxpayers through the eurozone rescue.<\/em><\/p>\n<\/p>\n\t\u00bbMr Strauss-Kahn committed up to 250bn of IMF money for Europe’s rescue without prior approval from the IMF Board, to the fury of Asian directors. He has promulgated an insidious doctrine that sovereign defaults are Unnecessary, Undesirable, and Unlikely.<\/em><\/p>\n<\/p>\n\t\u00bbLet us be honest, the Fund has become a font of incoherence, an engine of moral hazard. In August, it abolished its credit ceiling and created a new tool to rush fresh debt to states that need more debt like a hole in the head.<\/em><\/p>\n<\/p>\n\t\u00bbSimon Johnson says the solution for EMU’s orphans is debt reduction along the lines of Brady Bonds in Latin America in the 1980s, forcing creditors to share pain in an orderly fashion and giving debtors a way out of the morass.<\/em><\/p>\n<\/p>\n\t\u00bbIn fairness to EU policymakers, perhaps the problem really is so big that if they let Greece, Portugal, or Ireland restructure debt they risk instant contagion to Spain, and from there to Italy. Perhaps they really have no choice. If so, monetary union has created a monster.<\/em>\u00bb<\/p>\n<\/p>\n\n
dedefensa.org<\/em><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Evans-Pritchard se paye DSK Comme l’on sait, les \u00e9conomistes du monde entier sont occup\u00e9s depuis deux ans \u00e0 sauver la civilisation, pourvu que ce soit par l’\u00e9conomie, pourvu que ce soit selon les conceptions propres \u00e0 chacun d’eux. Cela permet, au passage, de r\u00e9gler quelques comptes. C’est le cas ici de l’\u00e9l\u00e9gant et renomm\u00e9 commentateur… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[3228,6837,3397,5225,4965,5875,2609],"class_list":["post-72302","post","type-post","status-publish","format-standard","hentry","category-ouverture-libre","tag-crise","tag-dsk","tag-euro","tag-evans-pritchard","tag-fmi","tag-ideologie","tag-ue"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/72302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/comments?post=72302"}],"version-history":[{"count":0,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/72302\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/media?parent=72302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/categories?post=72302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/tags?post=72302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}