Earlier quoted context omitted.
Dogmas and ideologies of large organizations are almost as dangerous as their malice. Many of EU & IMF bureaucrats genuinely believed that they were helping the Greek economy recover while they were actually engaged in destroying it.
Yes, I agree with that, however, their dogma is reasonable. And no the Greeks destroyed their own economy though systematic hard and soft corruption, knowingly hiding irregularities, unwillingness to make any necessary reforms, etc. etc.. The IMF's 'dogma' operates under the assumption that there are conscientious, reasonable and rational actors on the other side of the loan. One might argue that it is this assumptio…
If you are assigning moral faults, then please do so for the banks too who made their loans knowing the facts & assuming that they would be bailed out by EU if things went bad.
A more rational thing to do would have been to force the banks to grant Greece a debt haircut, waiving off 50% of the loans, while helping Greece restructure its economy in a realistic manner.
Instead, many people especially at the EU saw the Greek economic problems as a moral failure of all the Greek people for which all of them, including pensioners, must be punished while safely bailing out the banks that originally lent. Somehow, it is unacceptable to blame the banks.