Incomplete opinion. But there’s some truth to this. The situation in Greece was exacerbated after they drew up a deal with the IMF. But there weren't any outrageous terms from the IMF's end. What happened was they downsized the government sector and that ballooned the unemployment rate so hard they got mired down in the crisis even further.
IMF is definitely our only option but if we’re to curtail government sector (which we should at some point), it needs to happen tentatively. Other than that privatizing petroleum and Airline would be a huge burden off of the country as long as they don’t touch healthcare, at least not at the outset.
Going to IMF is imperative because the more we hold up on that, the more the state gets to form trade monopolies, sign up for bad Chinese deals and dispirit the agri community etc. In fact, I'm beginning to think that organic farming policy was initiated as a means to debilitate agriculture so that state-assisted mortgaging of farm lands will be warranted eventually. Basically the same principle that was applied to ceramic, metal, cement and tire markets.
