Matches in UGent Biblio for { ?s ?p The conflict between the government of Hungary and the IMF shows that the socio-economic policy of a nation is not decided by the elected parliament, but by the IMF and the EC. Because Hungary in 2008 obtained a creditline from the IMF (which it doesn't use anymore) the IMF regularly evaluates government decisions and instructs which improvements are to be made. Hungary should further reduce public spending, privatize its big public enterprises, and cancel its projected banking tax. Social consequences are not considered in the press conference of the IMF. I question the democratic legitimacy of the IMF . Reports of the Board remain secret during 10 years. Representatives of governments refuse control by their national parliament, at least in Belgian? Judgement and proposals of the IMF are prepared by experts from business schools, economic faculties and financiel circles, and imply the ideology of for example Milton Friedman, that coroporate profit is the first priority. Public initiatives, employees and consumers come afterwards.. }
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- aggregation abstract "The conflict between the government of Hungary and the IMF shows that the socio-economic policy of a nation is not decided by the elected parliament, but by the IMF and the EC. Because Hungary in 2008 obtained a creditline from the IMF (which it doesn't use anymore) the IMF regularly evaluates government decisions and instructs which improvements are to be made. Hungary should further reduce public spending, privatize its big public enterprises, and cancel its projected banking tax. Social consequences are not considered in the press conference of the IMF. I question the democratic legitimacy of the IMF . Reports of the Board remain secret during 10 years. Representatives of governments refuse control by their national parliament, at least in Belgian? Judgement and proposals of the IMF are prepared by experts from business schools, economic faculties and financiel circles, and imply the ideology of for example Milton Friedman, that coroporate profit is the first priority. Public initiatives, employees and consumers come afterwards.".