The marching order that Paasikivi proposed to Hamilton – first the peace treaty, then the UN, finally the IMF – became quickly obsolete, as it was decided that Italy could be accepted as a member of the organizations although its peace treaty had not been signed. Finland was then able to follow the precedence sat by Italy.
It is that those countries which went into this episode having practised disciplined macroeconomic policies over many years, and I would include Australia in this group, will tend to be the ones which find themselves with the most scope to move in an expansionary direction, should they need to do so. And that, of course, is the whole point of the earlier discipline.