IMF provides loans and expects them to be repaid, having rules on government spending attached to the loans is... reasonable. Not to mention, that IMF loans are typically bailouts of governments that overspent.
Same goes with the EU bailouts, but PIGS countries were already in a compact with the rest of the Eurozone. Not to mention, that governments should not own things that can go bust and drag a budget under water.
As shown lately with Russian oil sales - it's absolutely possible to insure ships somewhere else, other than Lloyd's of London.
Same goes with the EU bailouts, but PIGS countries were already in a compact with the rest of the Eurozone. Not to mention, that governments should not own things that can go bust and drag a budget under water.
As shown lately with Russian oil sales - it's absolutely possible to insure ships somewhere else, other than Lloyd's of London.