Thursday 1 October 2009

Gordon Brown's pat on the back from the IMF is followed by a very hard kick

Telegraph
"Oh dear. The Government gets a little praise for the policy response, but by implication is roundly blamed for allowing the credit boom and housing bubble to build up in the first place. Correcting these errors will crimp growth for years to come, the IMF implies, while getting the timing right in withdrawing exceptional fiscal, monetary and financial system support is going to prove exceptionally difficult."

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