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[Pen-l] IMF changes direction



The new chief of the IMF, former French finance minister Strauss-Kahn, advocates more active fiscal policies. (IMF neoliberalism out, IMF Keynesianism back in.) See, his recent speech:

 

http://www.imf.org/external/np/speeches/2008/021308.htm

 

(In 1998 Strauss-Kahn collaborated with Oskar Lafontaine - then German finance minister, now leader of Die Linke party, on a project for a common European fiscal policy.)

 

GK

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