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IMF Director General Christine Lagarde was "tainted" said Doyle Dita Alangkara/AP/Press Association Images

Departing IMF economist slams fund for eurozone "failure"

Peter Doyle, a former adviser to the department that runs Ireland’s bailout program, says he was “ashamed” to work for the financial institution in a resignation letter.

A TOP ECONOMIST at the International Monetary Fund has slammed the institution responsible for spearheading Ireland’s bailout for its failure to tackle the eurozone crisis decisively.

In a resignation letter dated 18 June and obtained by CNN,  Peter Doyle says he is “ashamed to have had any association with the Fund at all.”

Doyle, a 20 year veteran at the fund, said that the institution’s lack of decisive action had left “the second global reserve currency (the euro) on the brink. The fund for the past two years has been playing catch-up and reactive roles in the last ditch efforts to save it.”

He especially criticised the selection process for the IMF directorship, which has gone to a European for every term since its foundation in 1946.

“Even the current incumbent is tainted, as neither her gender, integrity, or elan can’t make up for the fundamental illegitimacy of the selection process.”

IMF proposal on child benefit will ‘victimise children’>

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