IMF ‘TOO CLOSE TO THE EU’

THE International Monetary Fund’s credibility was in tatters last night after its own independent watchdog claimed it was too pro-eurozone.

The organisation, led by former French finance minister Christine Lagarde, misled its own board while making a series of calamitous misjudgments over Greek debt, it said.

The Independent Evaluation Office said the IMF became euphoric cheerleaders for the euro and the EU, ignoring warning signs.

It warned that the IMF had “lost its characteristic agility as a crisis manager” because of its closeness to the eurozone. And it said that this had “raised issues of accountability and transparency”.

In two separate reports the IMF suggested Brexit would lead to a UK financial collapse, claims which have proven to be unfounded.