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A comment on Surrender fiscal sovereignty in return for bailout, Merkel tells Tsipras. Parent comment

Re:Surrender fiscal sovereignty in return for bailout, Merke... by Daishiman on Monday July 13, 2015 @08:46AM (#9877751)
And it didn't work in Africa. It didn't work in Argentina. The places where it's helped have been fewer, and the effect of failed policies has been substantially worse than the good effects of the successful policies.
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Re:Surrender fiscal sovereignty in return for bailout, Merke... by marcosdumay on Monday July 13, 2015 @02:50PM (#9880146)
It worked mostly on countries that were in a stable situation, and could use some extra money for surviving while implementing some needed changes with severe short term costs.

It could probably have worked in Argentina, but they didn't implement the changes.

Like, it's a loan. If you invest it on something good, it can be great. If you just spend it away, it'll be a problem. If you take it because you have other loans you can not pay, it'll be a disaster.

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