Argument: The IMF was not designed for developed Euro countries
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"Yes to the European Monetary Fund." New Europe. March 14th, 2010: "This was the standard case for Third World countries and the solution was provided by the International Monetary Fund (IMF,) which intervened and straightened up the big spender with a strong diet that, however, was never applied to a “First” World countries such as Greece, Spain or Italy."