Ashoka Mody

In an opinion article in Bloomberg, economist Ashoka Mody argues that it is Germany that should leave the Eurozone and not Greece. Mody claims that countries with so divergent economies should not have entered into a common currency union in the first place.

Noted US-based Indian economist Ashoka Mody, the IMF's former chief of mission to Ireland during the latter's bailout, took his former employer to task for its Greek programme, essentially saying that the organization merely participated in a scheme to guarantee German and French banks' exposure in Greece onto institutional lenders.

Former IMF deputy and Princeton professor Ashoka Mody describes the recent intervention of US President Barack Obama in favor of Greece as admirable.

In his article for European think tank Bruegel, Mody says Obama’s position on Greece marks a change in the long-standing “tradition” of US “silence” regarding economic policy in Europe.