Sunday, July 12, 2015

One reason why the IMF shouldn't be in the room

IMF Managing Director Michel Camdessus looking over the shoulder of a politically terminal ill Indonesian President Suharto as he signs the 1998 bailout conditions, while below, a picture from today as IMF Managing Director looks over the shoulder at Euclid Tsakalotos and the Greek finance minister's desk with a similar daunting list of demands on the table.

Photos: Francois Lenoir/Reuters at the Eurogroup and Agus Lolong/AFP via Getty in 1998

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