How nice, for some politicians, if Mr Dervis could be eased out now that the IMF has loosened its purse-strings. And the IMF, which will pay out in stages, not all at once, would not be amused. The real risk comes not from vested interests hostile to Mr Dervis and his reforms, but from the public reaction as the changes are rammed through and followed up. Over 500,000 jobs have been lost since February. More will surely follow.
Urban unemployment is already high.
Mr Dervis and his IMF-inspired medicine may work, but the patient will take a beating on the way. Newest messages appear on top. Click here to post a reply. Please read our disclaimer.