IMF fed Eastern Europe crisis to get work - Czech central banker
Rahvusvahelised uudised 06 Apr 2010  EWR
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Boris Groendahl,

The International Monetary Fund fueled the economic crisis in emerging Europe last year to create a situation in which it would be asked to help bail out the region, a Czech central banker was quoted as saying on Friday.

The Fund, which led the rescue of former Communist Hungary, Latvia, Ukraine and Romania, misinterpreted data as it was seeking a task under its new management, Czech deputy governor Mojmir Hampl told Austrian daily Der Standard in an interview.

"It's ridiculous that it was the IMF, of all people, who acclerated the crisis," Hampl said. "This was an apparent attempt to bring about a bailout of an entire region.

"Before this crisis, (the IMF had) virtually no clients," he added. "With this crisis and the new leadership under Dominique Strauss-Kahn, the Fund found a new job and got more funds."

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