But it is also not the mindless preacher of fiscal austerity that it is accused of being – and it should start taking the lead in managing the crisis, rather than holding up the rear. The eurozone needs an independent outside assessment of what needs to be done, and rapid implementation, before it is too late and the incipient bank runs become uncontrollable.
IMF并不是给人们带来温暖和希望的慈善机构，但也并非如人们所指责的那样是冷血的财政紧缩鼓吹者。它应该站出来担起领导处理危机的重任，而不是躲在大后方。欧元区需要独立的外部评估来估计需要做什么，并抢在银行挤兑苗头发展成不可控制之势之前迅速落实。