We should have warned Europe more: IMF's Belka

The head of the International Monetary Fund's European department has acknowledged the Fund failed to adequately warn European states of the risks from the fallout of the financial crisis.

"Even though the Fund did issue warnings both with respect to the global economy and for individual countries, they either were not treated seriously enough or they were not spoken loudly enough," Marek Belka, the head of the IMF's European Department, told the IMF Survey, an in-house publication. "However,

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