From the Guardian:
"The International Monetary Fund is to admit that it has made serious mistakes in the handling of the sovereign debt crisis in Greece, according to internal reports due to be published later on Wednesday.
Documents presented to the Fund's board last Friday will reveal that the Washington-based organisation underestimated the damage austerity would cause to the eurozone country, which has required two bailouts in the past three years."
The expression "no sh!t, Sherlock" comes to mind...
IMF 'to admit mistakes' in handling Greek debt crisis and bailout | Business | guardian.co.uk