I think the IMF has done as much as it thought it understood it could do, ... I don't know what alternative policies could have been implemented which could have significantly altered the pattern that emerged once the vicious cycle began to accumulate to the degree that it did.
Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.