Poland’s finance minister has launched a thinly veiled attack on the International Monetary Fund for advising European governments last year to expand their borrowing and spending.Jacek Rostowski said that some European governments had increased their public debt burden to unsustainable levels as a result of IMF advice. “I think a mistake was made last year in many countries that allowed not only automatic stabilisers to function but took additional expansionary measures. I think the right policy to pursue was the one we pursued, that was to allow automatic stabilisers to work up to a point and then to take countervailing measures,” said the 58-year-old economist.
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