Yup, it’s not an EU or euro or even just IMF thing- it doesn’t come as a shock to anyone paying attention the sort of organisation that the IMF are. They shouldn’t be left in charge of their own chequebooks.
But it does make still more obvious something that, well, should have been obvious already- the people in charge of the money, know **** all at best and at worst are actively part of the problem. Watching the troika each demand different things from Greece then blaming the Greeks for not satisfying their contradictory, irrational demands was another perfect example but they seemed to get away with that one just by going “those lazy greeks eh?”
Credit agencies are another pillar of failure for this- we still grovel to them, “please let us keep our AAA rating” but they were complicit in the financial crash with their rating of dodgy financial instruments, and then the crash revealed how meaningless their ratings are. Or should be at least- but inexplicably we still take them seriously. Moody’s rated Greece an A or higher risk til 2010.