Bailout vs Economic Hit?
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Bailout vs Economic Hit?
Is the bailout of Ireland really a bailout, or is it instead an economic hit designed to harvest the assets of Ireland at rock bottom prices? Those considering this question might find this earlier interview of Greg Palast about IMF deals in Latin America to be of interest. – Catherine
Transcript of Interview of Greg Palast, Journalist for BBC and Observer, London,
By Alex Jones
Alex Jones Radio Show, Monday (PM), March 4, 2002
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AJ: This is earth shattering. Can you break it down for us and tell us what the economists have done?
GP: Well, I’ll tell you two things. One, I spoke to the former chief economist, Joe Stiglitz who was fired by the (World) Bank. So I, on BBC and with Guardian, basically spent some time debriefing him. It was like one of the scenes out of Mission Impossible, you know where the guy comes over from the other side and you spend hours debriefing him. So I got the insight of what was happening at the World Bank. In addition, he did not brief me but I got some other sources. He would not give me inside documents but other people handed me a giant stash of secret documents from the World Bank and the International Monetary Fund.
